The National Treasury has backtracked on exempting Eskom from reporting irregular and wasteful spending in its financial statements, a move that would have enabled the utility to avoid reporting fast-tracked emergency procurement when dealing with breakdowns
Organisation Undoing Tax Abuse CEO Wayne Duvenage said at the time that given public knowledge of many cases of fraud, corruption and sabotage at Eskom, and in the context of general elections in 2024 and the electricity crisis, the Treasury decision would widen the trust deficit between the public and the government.
In a final decision published on Wednesday, the Treasury said it recognised the commitment of Eskom’s board and management to fight and expose fraud and corruption, and the additional compliance and reporting burden facing Eskom and other state-owned entities.
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