'Eskom decision taken to boost its borrowing powers'

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Loans Loans Headlines News

National Treasury says its controversial decision to exempt Eskom from reporting expenditure irregularities in its financial statements was taken to boost the borrowing powers of the embattled power utility.

The move to grant Eskom financial exemptions has been met with outrage over lack of transparency in how taxpayers' money was spent and potential corruption.If you have already registered or subscribed, please sign in to continue.

The move to grant Eskom financial exemptions has been met with outrage over lack of transparency in how taxpayers' money was spent and potential corruption...If you have already registered or subscribed, please sign in to continue.
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

What investor is so stupid to borrow money knowing the yearly report is missing an important fact? We all know they are fkn corrupt but we can’t say how many billions …..

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in LOANS

Loans Loans Latest News, Loans Loans Headlines