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TFG latest to flee from Gupta auditor
TFG latest to flee from Gupta auditor

TFG is the latest JSE-listed company to drop KPMG as its auditor. The retail group made the announcement just hours after Telkom said it would not award any new business to KPMG...

11 Oct 2017

KPMG told to hand over tax agency's probe memo
KPMG told to hand over tax agency's probe memo

KPMG has been ordered to provide the memo for the original briefing it got from the South African Revenue Service (SARS) outlining the scope of the audit firm's mandate to investigate issues such as the existence of a "rogue unit" at the tax agency...

6 Oct 2017

Themba Godi, chairman of the standing committee on public accounts (Scopa). Photo: SA Breaking News
ANC a no-show as parliament hears of KPMG blues

There was not an ANC MP in sight when Parliament's standing committee on public accounts (Scopa) kicked off its hearing into the KPMG debacle....

By Khulekani Magubane 6 Oct 2017

Nhlamu Dlomu, CEO of KPMG SA
KPMG to face Scopa

KPMG SA's newly appointed CEO, Nhlamu Dlomu, will be answering questions before Parliament's Standing Committee on Public Accounts (Scopa) today...

5 Oct 2017

Bernard Agulhas, CEO of Irba
Irba asks for stronger sanctions for auditing misconduct

Auditors who misbehave could face heftier fines and sterner sanctions if the amendments put forward by the Independent Regulatory Board for Auditors (Irba) are tabled...

4 Oct 2017

Saurabh Kumar, CEO at In2IT Tech
Blockchain: The solution to corruption?

Blockchain, the same technology that powers cryptocurrency, creates opportunities to deliver new services in new ways that previously were not possible...

3 Oct 2017

SARS head Tom Moyane wants MPs to look into KPMG's handling of 'rogue unit' report
SARS head Tom Moyane wants MPs to look into KPMG's handling of 'rogue unit' report

South African Revenue Service (SARS) commissioner Tom Moyane has written to the chairman of Parliament's finance committee, Yunus Carrim, to register his "dissatisfaction" with the manner in which KPMG dealt with its report on the "rogue" unit at SARS.

By Linda Ensor 2 Oct 2017

Bonang Mohale, CEO: Business Leadership South Africa
Corrupt SOEs threaten SA's economy

After suspending KPMG, BLSA has announced it has done the same with Eskom and Transnet...

28 Sep 2017

Photo:
Parliament ditches KPMG

KPMG South Africa's pariah status continues, with Parliament being the latest to terminate its relationship with the audit firm...

By Nicci Botha 28 Sep 2017

Auditing firm ditches Oakbay while Outa triumphs in court
Auditing firm ditches Oakbay while Outa triumphs in court

Auditing firm SizweNtsalubaGobodo (SNG) on Tuesday joined the growing list of firms ditching the Gupta family's Oakbay Resources and Energy and its related entities...

27 Sep 2017

John Veihmeyer, chairman of KPMG International. Photo: YouTube
Can KPMG fix what's broken?

KPMG International is scrambling to salvage the tattered remains of its South African operation...

By Nicci Botha 26 Sep 2017

Bonang Mohale, CEO: Business Leadership South Africa
BLSA suspends KPMG membership

Beleagured audit firm, KPMG SA, has received another body blow with the suspension of its membership of the BLSA...

22 Sep 2017

KPMG woes worry Reserve Bank
KPMG woes worry Reserve Bank

The Reserve Bank will meet SA banks about possible negative consequences should KPMG have to close its doors...

21 Sep 2017

Sasfin dumps KPMG after 18 years
Sasfin dumps KPMG after 18 years

Delivering yet another blow to KPMG's already battered reputation, JSE-listed Sasfin Holdings has fired the audit firm as its independent sponsor...

19 Sep 2017

Trevor Hoole, former CEO of KPMG SA
KPMG heads roll after Gupta probe

Eight of KPMG SA's senior executives "resigned" following KPMG International's investigation...

15 Sep 2017

Breaking news: KPMG execs resign amid Gupta scandal

KPMG SA CEO, Trevor Hoole, and a slew of the audit firm's executives and board members have resigned...

15 Sep 2017

Audit firm rotation gets the nod
Audit firm rotation gets the nod

Parliament's finance committee is not convinced that the introduction of MAFR will atransform the accounting profession...

15 Sep 2017

New code extends accountants' ethical obligations
New code extends accountants' ethical obligations

A professional accountant's obligation to report non-compliance with laws and regulations has become more stringent...

By Ragiema Thokan-Mahomed 12 Sep 2017

Magda Wierzycka, CEO of Signia Asset Management. Photo: Invest SA
KPMG under scrutiny about Gupta involvement, as clients jump ship

Iodsa has temporarily suspended all co-branded activities with KPMG, while a review of work done for the controversial Gupta family is conducted...

By Genevieve Quintal 8 Sep 2017

Growing resistance to long-term audit tenure
Growing resistance to long-term audit tenure

Media reports on KPMG's professional with Gupta-owned companies could not have come at a better time for Irba...

By Nicci Botha 7 Sep 2017

Airline flies to KPMG after qualified audit opinion
Airline flies to KPMG after qualified audit opinion

The auditor-general has again raised concern about the going-concern status of South African Express (SAX) and has taken the airline to task for losing millions as a result of its high levels of irregular expenditure...

By Khulekani Magubane 4 Sep 2017

Boris Dzhingarov
On time is late - preparing for late payments

No one wants to get paid late. But sadly, late payments are a fact of life for most entrepreneurs, and an accepted aspect of doing business today...

By Boris Dzhingarov, Issued by Monetary Library 1 Sep 2017

The potential economic impact of hosting the Rugby World Cup in 2023
The potential economic impact of hosting the Rugby World Cup in 2023

According to a Grant Thornton economic impact assessment, hosting the Rugby World Cup in 2023 will bring South Africa R27.3bn in direct, indirect and induced economic impact...

30 Aug 2017

Coronation to sponsor SAICA Business Development Games
Coronation to sponsor SAICA Business Development Games

Now in its 16th year, the South African Institute of Chartered Accountants (SAICA) Business Development Games has received sponsorship from Coronation Fund Managers...

29 Aug 2017

HCI unit may dismiss KPMG as auditor over Gupta links
HCI unit may dismiss KPMG as auditor over Gupta links

KPMG looks set to lose another JSE client as investment company Deneb launches a review of its role as the company's auditor...

By Ann Crotty 29 Aug 2017

Struan Robertson
Extracting value from your business

Meredith Harington director Struan Robertson presents some important considerations and food for thought for business owners with regard to extracting value from a business...

By Struan Robertson, Issued by Meredith Harington 28 Aug 2017

Bernard Agulhas, CEO: Independent Regulatory Board for Auditors
Clock is ticking on audit freedoms

The crisis of confidence sparked by KPMG's engagements with Gupta-owned companies could speed up auditing regulations...

21 Aug 2017

#WomensMonth: Women need to stand together in driving the gender equality agenda
#WomensMonth: Women need to stand together in driving the gender equality agenda

Meet Nana Madikane, a qualified chartered accountant with over 15 years' experience and a partner at PwC South Africa...

By Sindy Peters 17 Aug 2017

Scrapping maths in school won't solve problem
Scrapping maths in school won't solve problem

Doing away with the maths as a compulsory school subject will not solve the problem of South Africa's appalling math results...

17 Aug 2017

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