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The Auditor-General of South Africa(AGSA) recently released a report for the 2019/20 financial year.
The report revealed that Eskom’s wasteful expenditure increased from R538 million to R2.9 billion.
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A portion of that whopping amount was spent on building a block of flats.
However, the station construction was concluded before the flats were built.
The flats have reportedly been abandoned and deemed impaired.
Eskom wasted R840 million on flats they cannot use. Image: Aldo Swiegers/BloombergSource: Getty Images
He said that Eskom would have to pay someone to take over the building.
This had followed the court order prompting Nersa to review its previous decisions on the matter.
This controversial move has seen the state-owned entity denying that it will be earning extra revenue should this occur.
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She has worked at Independent Media and 1KZNTV and has contributed columns to the Washington Post.
Passed a set of trainings by Google News Initiative.
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