Eskom denied exemption on annual reporting of wasteful expenditure

said though irregular expenditure did not automatically equate to fraud and corruption, many comments submitted viewed irregular expenditure as an indicator of how SOEs were managing their finances.

“The Treasury remains of the view that SOEs are facing legitimate technical challenges regarding compliance reporting, and the need to differentiate between corrupt and suspicious transactions and expenditure made in good faith but not necessarily complying with the plethora of financial and non-financial laws and rules.

Source: News Formal (newsformal.com)

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