South Africa’s Eskom results delayed; auditors flag ‘irregularities’

July 11, 2017

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South Africa’s State-run power utility Eskom said on Tuesday that external auditors had raised “two reportable irregularities” with their regulatory body related to an obscure company and the reinstatement of former chief executive Brian Molefe, who has since left under a cloud. Eskom, which said earlier that it postponed its annual results presentation scheduled for Tuesday, did not provide details of the irregularities but said in a statement that it “had 30 days to take appropriate steps to mitigate the risks identified.”

Category: General