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The Standing Committees on Appropriations, Finance, Public Accounts, Auditor-General, and Portfolio Committee on Public Enterprises have welcomed the Minister of Finance’s withdrawal of the exemption notice granted to Eskom in terms of section 92 of the Public Finance Management Act, 1999 (Act No. 1 of 1999).
 
The Minister said that the withdrawal is aimed at allowing adequate consultation with the Auditor-General (AG) and Eskom auditors, Deloitte, in order to ensure that checks and balances on corruption are tightened.
 
The Chairperson of the Standing Committee on Finance, Mr Joe Maswanganyi, said that although acknowledging the Minister’s decision to withdraw the exemption, the committees will continue to play oversight to make sure that all entities, including Eskom, have risk management strategies, turnaround plans and audit action plans, and that they stick to the National Government Accountability Ecosystem (NGAE) as designed by the Auditor-General.
 
Mr Maswanganyi said that all departments and entities are supposed to abide by the standards set out in the NGAE, in terms of the Constitution. “We acknowledge the decision taken by the Minister to withdraw the exemption and, if ever there will be any development in the future, we will deal with them when we come to that point,” Mr Maswanganyi said.

Issued by the Parliamentary Communication Services on behalf of the Chairperson of the Standing Committee on Finance, Joe Maswanganyi