Godongwana dismisses claims Eskom exemption was meant to cover up looting
Finance Minister Enoch Godongwana has denied claims government wanted to cover up fraud and corruption at Eskom.
He told MPs on Wednesday that Treasury has withdrawn the controversial exemption granted to Eskom, for now.
He briefed several parliamentary committees on Wednesday following widespread criticism over the gazette notice detailing the Public Finance Management Act exemption.
READ: Eskom irregular expense exemption shelved 'for now' - Godongwana
It would have allowed the power utility to not disclose wasteful and irregular expenditures in its financial annual statements.
The finance minister says the move has been paused pending further consultation with the auditor general.
"The intention really is to allow Eskom to have better financial statements, but at the same time create an environment where there is transparency on corruption and irregular expenditure."
