Ex-KPMG partner slams SARB's 'fatally tainted' VBS report, heads to court

2018-10-11 21:13

Former partner at KPMG Sipho Malaba is expected to launch a court challenge to have set aside the explosive forensic report into the collapse of VBS Mutual Bank, which implicates him in fraud.

VBS looting: KPMG and former exec under fire in report about ‘bank heist’

2018-10-10 13:41

A damning report into the looting of VBS Bank has found that former KPMG partner Sipho Malaba knew about the cash shortage of nearly R1bn at the bank but signed off on its financials anyway - benefitting by roughly R28m for his efforts.

Two KPMG partners with a combined 26-year history at the firm have quit amid the growing VBS Mutual Bank scandal

2018-04-14 18:35

KPMG signed off on a banking operation that was, as described by the Reserve Bank, dangerously inept – and ran off Excel spreadsheets.


KPMG vows to cooperate with SARB in wake of damning report

2018-10-11 15:42

KPMG executive chairman Wiseman Nkuhlu says the firm will take stock of the investigation and cooperate with the Reserve Bank if necessary.

KPMG promised transparency – then kept secret the suspension of its VBS audit partner

2018-04-16 06:01

For two weeks after it suspended partner Sipho Malaba for what it alleged was dishonesty, KPMG said nothing. Then it said nothing about the second partner it had also suspended.

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