Markets
Eskom Latest: Irregular-Spending Exemption; Power Outages Ease
This article is for subscribers only.
South Africa’s government exempted the state power utility from reporting irregular spending for the next two fiscal years.
A notice published in the official Government Gazette spares Eskom Holdings SOC Ltd. from disclosing “any irregular expenditure and fruitless and wasteful expenditure.” The announcement, signed by Finance Minister Enoch Godongwana, covers the fiscal year that ended on March 31 and the coming two years.