Energy analyst questions decision to exempt Eskom from disclosing irregular expenditure

JOHANNESBURG - The treasury's decision to exempt Eskom from disclosing irregular and wasteful expenditure in its annual reports, is creating a negative perception among citizens and lenders, according to energy analyst Chris Yelland.

Treasury issued the gazette on Friday, which has been met with criticism.

READ: Eskom exempted from disclosing irregular, fruitless and wasteful expenditure

This means the power utility will not need to disclose any irregular expenditure and fruitless and wasteful spending in its annual reports.

This applies to the financial years 2022 up to 2025.

However its understood those details will be contained in an integrated report.

The State Capture Commission found that Eskom had previously entered into irregular contracts worth almost 15-billion-Rand.