Outa calls on National Treasury to abandon Eskom exemption

The Organisation Undoing Tax Abuse (Outa) has submitted written comments to the National Treasury on its proposal to exempt State-owned utility Eskom from disclosing irregular, fruitless and wasteful expenditure in its yearly financial statements for 2022/23 and the following two years. A Government Gazette notice granting the exemption from the relevant section of the Public Finance Management Act (PFMA) and Treasury regulation was published on March 31; however, following public outcry, it was withdrawn on April 6 and replaced by a call for comments on a proposed exemption.