In a letter to Eskom chairman Mpho Makwana, Finance Minister Enoch Godongwana said the utility will still need to report losses arising because of criminal conduct and disciplinary measures related to wasteful expenditure in its annual report.
JOHANNESBURG: South Africa will exempt its beleaguered power utility from having to report irregular spending for three years in its financial statements to avoid harming the company’s credit rating.
In a letter to Eskom Holdings SOC Ltd’s chairman Mpho Makwana, finance minister Enoch Godongwana said the utility will still need to report losses arising because of criminal conduct and disciplinary measures related to wasteful expenditure in its annual report.
