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Eskom has delayed releasing its full-year financial results on Tuesday. Eskom cancelled its presentation at the eleventh hour‚ saying on Monday evening that the reporting is postponed "until further notice". It has not given reasons for the cancellation‚ but Eskom auditors have raised red flags about serious reporting irregularities. On Friday‚ the Mail and Guardian revealed that auditors SizweNtsalubaGobodo had reported Eskom to the Independent Regulatory Board for Auditors due to serious irregularities in their financial statements. Under the Auditing Profession Act‚ a reportable irregularity is financial reporting that covers up something that will cause a loss to the company‚ is fraudulent‚ could be theft or is an unlawful act or omission. On Monday Eskom spokesman Khulu Phasiwe told Bloomberg news agency the issues raised by auditors were regarding contracts given to a firm linked to the stepdaughter of former acting Eskom CEO Matshela Koko. The second issue raised was to do wi...

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