The events that have unfolded in the DA have shown that Zille has more influence than Maimane. He serves at her pleasure, writes Ralph Mathekga.
High level clouds. Mild.
KPMG South Africa has released a 45-page report laying out the measures it adopted as it tries to recover from the reputational damage it suffered after the revelation of irregular audit practices by some of its partners.
Trust is an intangible but vital currency in a healthy economy. Getting it back once it’s gone is difficult but doable, and SA has its work cut out, says Tim London.
KPMG SA CEO Nhlamu Dlomu says an accumulation of 'red flags' in the firm's Gupta accounts, as well as media reports, compelled it to cut ties.
The audit watchdog has confirmed that it would investigate the auditor responsible for signing off on the forensic investigation into the so-called rogue unit at the South African Revenue Service.
The head of KPMG in South Africa also said the auditor would make public the findings of an upcoming independent investigation.
The South African Institute of Chartered Accountants has denied media reports that it was planning to investigate auditing firm KPMG, saying it has no legal mandate to do so.
KPMG South Africa says it is now "a very different business", as it appeals for public trust after being embroiled in Gupta-linked and other auditing scandals.
KPMG’s CEO Nhlamu Dlomu says the auditing firm has "terminated several client relationships" since it put more stringent work protocols in place in the wake of criticism over its business dealings with the Gupta family.
Just short of a month after its SA leadership team was cleared out, embattled auditor KPMG SA has announced its new local management structure.
KPMG paid severance packages to its top leadership who left the company in September, the beleaguered auditing firm has told Parliament.
Four former SA Revenue Service (SARS) employees who were implicated in KMPG SA’s now-retracted ‘rogue unit’ report met with the auditing firm's new leadership on Tuesday for a “preliminary” meeting.
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