Sakeliga to probe possible financial exemptions granted to more SOEs
A business group says it wants to know if government has granted
financial reporting exemptions to other state-owned entities.
This was after National Treasury reversed a decision to exempt Eskom from disclosing wasteful and irregular expenditures in its annual financial statements.
Sakeliga - which previously threatened legal action - has welcomed the move.
READ: Eskom exemption withdrawal a win for civil society
The group's Tian Alberts says these types of exemptions defeat the purpose of the Public Finance Management Act.
"And we will look into which exemptions have been granted at public entities or in respective public entities and if there are exemptions that seek to do the same as the recent one by the minister of finance, we will determine the impact on such an exemption and possibly to court on that."
