Eskom spared from irregular spending reports 'to help rating'

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Exempting the company from reporting the costs may reduce the risk of a qualified opinion from the utility’s auditors. That in turn will protect the company’s credit rating, according to the Treasury.

South Africa will exempt beleaguered power utility Eskom from reporting irregular spending for the next two years to avoid harming the company’s credit rating. ..From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

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Not being corrupt criminals will protect the company’s credit rating!!!

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