Business In The News South Africa

Taxes, bailouts and political instability: Gigaba delivers inaugural MTBPS

JOHANNESBURG, October 23 – All eyes will be fixed on South African Finance Minister Malusi Gigaba this week when he delivers his first Medium-Term Budget Policy Statement (MTBPS) amid concerns about the fiscal challenges, widespread perceptions of government corruption and wasteful expenditure.   Gigaba, who took over the reigns of National Treasury following the controversial firing […]

In The News South Africa

KPMG ‘rogue unit’ report grossly unfair to former finance minister Gordhan – Ramaphosa

PARLIAMENT, October 19 – Deputy President Cyril Ramaphosa on Thursday said a report compiled by auditing firm KPMG for the SA Revenue Service into the existence of a “rogue spy unit” was “grossly unfair” to former finance minister Pravin Gordhan. The KPMG report , which insinuated that Gordhan knew of a wrongdoing by an intelligence […]

Business In The News South Africa

Dudu Myeni sacked from SAA board

JOHANNESBURG, October 19 – Cabinet has approved sweeping changes to the board of South African Airways and replaced controversial chairwoman Dudu Myeni with JB Magwaza, well-placed sources confirmed on Wednesday evening. At a meeting earlier in the day, President Jacob Zuma’s Cabinet approved a new board which saw Myeni; Tryphosa Mmakeaya; Mzimkhulu Malunga; Siphile Buthelezi; […]

Business In The News South Africa

Regulatory board to fast-track probe into KPMG’s work for Gupta family

PARLIAMENT,  October 3 – The Independent Regulatory Board of Auditors said on Tuesday it has met with KPMG international chairman Bill Thomas and urged him to ensure full cooperation with its investigation into work the auditing firm did for the Gupta family’s business empire. IRBA CEO Bernard Agulhas said since that meeting, which also included KPMG SA […]