MPs outraged over Eskom's R19bn irregular expenditure

The chairman of Parliament's portfolio committee on public enterprises Lungi Mnganga-Gcabashe expressed disappointment over Eskom recording a R19 billion in irregular expenditure. Picture: Bhekikhaya Mabaso

The chairman of Parliament's portfolio committee on public enterprises Lungi Mnganga-Gcabashe expressed disappointment over Eskom recording a R19 billion in irregular expenditure. Picture: Bhekikhaya Mabaso

Published Jul 23, 2018

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Parliament - The chairman of Parliament's portfolio committee on public enterprises Lungi Mnganga-Gcabashe on Monday expressed disappointment over Eskom recording a R19 billion in irregular expenditure.

The power utility released its preliminary 2017/18 financial results which also showed a net loss after tax of R2.3 billion for the year, compared with a R900 million profit for 2017.

"The power utility has in the past months come under scrutiny because of the financial and operational performance it experienced," said Mnganga-Gcabashe.

"The committee will make time in its programme to invite Eskom, so that members are briefed on the latest financial results."

African News Agency (ANA)

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