How will Eskom spend all the extra money it wants South Africans to pay?
Outa wants to know how the utility got around SAP software to rack up R3bn in irregular expenditure, as the utility seeks a 20% tariff increase from Nersa
Eskom wants consumers to cough up more for electricity‚ but a lobby group has raised questions about how the power utility has spent hundreds of billions in funding. Eskom is seeking a 20% tariff increase from the National Energy Regulator of SA (Nersa). Nersa starts its public hearings on the proposed tariff increase in Pretoria on Thursday. The Organisation Undoing Tax Abuse (Outa) this week revealed to Parliament’s public enterprises portfolio committee how the power utility should be relying on its own capital expenditure budget and government for its money, and not on ordinary South Africans. Finance Minister Malusi Gigaba earlier this month indicated the government was considering granting Eskom a favourable loan or possibly a bail-out. Outa energy specialist Ted Blom said Outa had revealed to Parliament that Eskom had a qualified audit of R3bn in irregular expenditure without any supporting documentation. "Eskom uses the SAP accounting system‚ which requires full supporting d...
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