In The News South Africa

Parliament’s watchdogs on finance and public accounts want answers on KPMG debacle

PARLIAMENT, September 18 – Parliament’s standing committee on public accounts on Monday said it would summon auditing firm KPMG to explain to MPs why it should continue doing business with the state given questions around its credibility. “KPMG’s unexplained withdrawal of a South African Revenue Service [Sars] report and its work in the integrated financial […]

Business In The News South Africa

International auditing body also probing KPMG over SARS report

JOHANNESBURG, September 18 – The Independent Regulatory Board for Auditors (IRBA) said on Monday that it had noted that KPMG had taken steps to enforce accountability relating to its controversial South African Revenue Service (SARS) report, but added that it would continue with its own independent investigation. Last week KPMG announced that it had withdrawn […]

Business In The News South Africa

Business Leadership SA welcomes KPMG leadership exit

JOHANNESBURG, September 15 – Business Leadership South Africa (BLSA) has welcomed the leadership reshuffle at audit firm KPMG South Africa and the firm’s willingness to act decisively following controversy over audits and reports. This comes as Trevor Hoole tendered his resignation on Friday as the chief executive KPMG South Africa following a storm created by the work the firm did […]

Business In The News International South Africa

Bell Pottinger expelled from UK and MENA-based PR body

JOHANNESBURG, September 5  – Prominent UK-based PR firm, Bell Pottinger, was expelled from the Public Relations and Communications Association (PRCA) for work it did for Oakbay and the controversial Gupta family. “Bell Pottinger’s membership has been terminated with immediate effect. Bell Pottinger will not be eligible to reapply for corporate membership of the PRCA for a minimum period of […]

In The News South Africa

Cabinet calls for any deliberate wrongdoing at National Treasury to be punished

CAPE TOWN, September 1 – Cabinet on Friday called for any deliberate wrongdoing in the development of government’s Integrated Financial Management System to be punished. The call flowed from Cabinet’s regular fortnightly meeting and followed a week of intense politicking over audit weaknesses identified in the project, which began 15 years ago and carries an […]

Business In The News South Africa

Gordhan an embarrassment with no conscience – Duduzane Zuma

Ogopoleng Mushi   President Jacob Zuma’s son, Duduzane, has lashed out at former finance minister Pravin Gordhan, calling him an embarrassment with no conscience and that South Africans can see through him.   In a hard-hitting open letter, Zuma reminds Gordhan of his failures as Finance Minister, highlighting a host of corruption scandals that appear […]

In The News South Africa

High Court dismisses Gordhan’s application for declaratory order in Gupta row

PRETORIA, August 18 – The North Gauteng High Court on Friday dismissed former finance minister Pravin Gordhan’s application for a declaratory order that he was not allowed to intervene on behalf of the Gupta business empire when commercial banks blacklisted it. Judge Aubrey Ledwaba termed Gordhan’s application “clearly unnecessary” as there was no legal dispute […]