Eskom latest: Irregular-spending exemption; power outages ease

South Africa’s government exempted the state power utility from reporting irregular spending for the next two fiscal years.

A notice published in the official Government Gazette spares Eskom from disclosing “any irregular expenditure and fruitless and wasteful expenditure.” The announcement, signed by Finance Minister Enoch Godongwana, covers the fiscal year that ended on March 31 and the coming two years.

Read all our Eskom coverage here.

The National Treasury plans to issue a “technical explanation” soon to clarify the rationale behind the measure, Cape Town-based news website News24 reported.