PHUTI MOSOMANE
THE Congress of South African Trade Unions (COSATU) spokesperson Sizwe Pamla said the Federation welcomed Finance Minister Enoch Godongwana’s withdrawal of the ill-conceived proposal to exempt Eskom from reporting on irregular, fruitless, and wasteful expenditure.
The Treasury’s earlier decision – which was met with widespread condemnation – would have allowed Eskom not to report irregular and wasteful expenditure for the next three financial years in its Annual Financial Statements.
The Federation said It appreciates that the government listened to and conceded to the workers and the public’s outcry against its dubious and contentious decisions.
This change of heart should also be extended to Transnet which received the same exemption in March 2022, Cosatu said.
The Minister of Finance has determined that Eskom not be granted a partial exemption from section 55(2)(b)(i) of the Public Finance Management Act (PFMA), (Act No. 1 of 1999 – the Act) and Treasury
You’ve reached your free article limit
Subscribe to enjoy unlimited access to trusted journalism. Cancel anytime.
Subscribe nowNeed help? molokom@insidepolitic.co.za
