South Africa
#Eskom spent R840m on empty flats─── 17:50 Thu, 04 Feb 2021
State-owned entities continued on the downward spiral of irregular expenditure, the Auditor-General of South Africa found for the 2019-20 financial year.
During a briefing of the Standing Committee on Public Accounts, it was revealed that Eskom’s fruitless and wasteful expenditure increased from R538 million to R2.9 billion in the last financial year. Part of the R2.9 billion was spent on building a block of flats which were meant to house technicians who were going to work at Kusile Power Station when it was being built, The Citizen reported.
However, the power station was finished before the flats, AGSA business executive Polani Sokombela said.
Initially, the budget for the flats was R160 million, which later increased to R840 million. The flats have now been abandoned and deemed impaired.
Eskom has vowed to investigate the matter.
Moneyweb
