Eskom Notes National Treasury’s Decision to Not Grant Partial Exemption Pertaining to PFMA
Source: www.gulfoilandgas.com 6/9/2023, Location: Africa
Eskom notes and accepts the decision by the National Treasury to not grant the organisation partial exemption from certain sections of the Public Finance Management Act (PFMA) and Treasury Regulations. The decision means that Eskom will continue to disclose financial and non-financial information on irregular, fruitless and wasteful expenditure and material losses from criminal conduct as per National Treasury instructions.
Compliance to the PFMA and all applicable legislation remains a priority as Eskom continues to address irregular, fruitless and wasteful expenditure, and we will continuously implement measures to address all the issues that continue to have a negative impact on Eskom’s financial sustainability.