ESKOM HOLDINGS SOC LIMITED - Eskoms statement on the reported irregularities

Eskom’s statement on the reported irregularities

Eskom Holdings SOC Limited
JSE Code: BIESKM
Date: 11 July 2017

Eskom’s statement on the reported irregularities

As part of their year-end audit, Eskom’s external auditors did raise two reportable
irregularities in terms of their professional obligations to the Independent Regulatory Board
of Auditors (IRBA). These related to Impulse International and the reinstatement of former
CEO Mr Brian Molefe.

In terms of the Audit Profession Act, the Board of Eskom had 30 days to take appropriate
steps to mitigate the risks identified after which the external auditor are then required to
report back to IRBA to confirm if the irregularities are continuing or not.

The Eskom’s Board has taken adequate steps to the satisfaction of the auditors that the
irregularities were no longer continuing except that in Mr Molefe's matter it was noted that
the irregularity could only be closed out when the court proceeding had been concluded.

ENDS




Issued by: Eskom Media Desk
Tel:       +27 11 800 3304/3343/3378
Fax:       086 664 7699
Email:     mediadesk@eskom.co.za

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