South Africa Scraps Power-Crisis Measures After Public Outcry
- Treasury to seek public comment on Eskom exemption proposal
- Exemption sought to avoid triggering audit, loan covenants
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South Africa’s government rescinded two controversial measures instituted to help it tackle the nation’s energy crisis, after an outcry over their imposition.
Finance Minister Enoch Godongwana first announced Wednesday that a days-old exemption granted to the embattled state power utility from reporting irregular spending in its financial statements had been withdrawn. Two hours later, the government said a state of disaster introduced in February to deal with electricity shortages had been scrapped.