Withdrawal of the Exemption on Annual Reporting of Irregular, Fruitless and Wasteful Expenses
Withdrawal of the Exemption on Annual Reporting of Irregular, Fruitless and Wasteful Expenses
Eskom Holdings SOC Limited
(Registration No. 2002/015527/30)
JSE alpha code: BIESKM
(“Eskom” or “the company”)
WITHDRAWAL OF THE EXEMPTION ON ANNUAL REPORTING OF IRREGULAR, FRUITLESS
AND WASTEFUL EXPENSES
Further to the announcement released on SENS on 4 April 2023, noteholders are advised that
on 9 June 2023, Eskom received notice of the withdrawal of the partial exemption from
certain sections of the Public Finance Management Act (PFMA) and Treasury Regulations from
National Treasury (the “Exemption”).
The decision to withdraw the Exemption means that Eskom will continue to disclose financial
and non-financial information on irregular, fruitless and wasteful expenditure and material
losses from criminal conduct as per National Treasury instructions.
Compliance to the PFMA and all applicable legislation remains a priority as Eskom continues
to address irregular, fruitless and wasteful expenditure, and Eskom will continuously
implement measures to address all the issues that continue to have a negative impact on the
company’s financial sustainability.
Johannesburg
12 June 2023
Debt Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited
Date: 12-06-2023 12:27:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
