SABC must show progress to receive final bailout tranche - Minister

2019-12-20 06:00

The public broadcaster must adhere to a number of conditions for its full R3.2bn bailout to be released.

Prasa financials too disorganised to audit - AG

2019-10-09 21:20

Auditor General Kimi Makwetu has given Prasa a disclaimer of opinion in its 2018/19 annual report, saying management did not properly account for assets, fare revenue and other financial information.

Second delay in Ascendis results announcement is bitter pill

2019-10-02 21:00

Healthcare company Ascendis Health's share price dropped over 7% on Wednesday after it delayed the announcement of its annual results for the second time.

SABC suffers R482m loss, spends R81m on interest, penalties

2019-09-30 20:21

The losses follow a period of SABC executives warning government and Parliament that the public service broadcaster needed financial assistance if it were to continue operating optimally, according to its annual report.

R5bn in impairments not about lack of due diligence, says government pension fund

2018-12-05 18:56

The GEPF, which has registered impairments of over R5bn in its investments in Steinhoff’s empowerment partner Lancaster 101 and Independent News and Media SA, says it has no reason to believe it did not conduct proper analysis.

Insight into the health of a company

2018-10-09 12:42

A company’s financial reports help investors decide whether they want to invest in it. But a delay in publishing is a huge red flag, and usually means a lack of adequate checks within the company.

AG slaps Nedlac with qualified audit

2018-10-02 13:47

Nedlac has been slapped with a qualified audit opinion in its annual report after incurring some R1m in irregular expenditure and not initially disclosing it in line with the PFMA, says the Auditor General.


Consumer watchdog's irregular expenditure jumps more than 10%

2019-10-22 20:53

The National Consumer Commission received an unqualified audit opinion for the 2018/19 financial year.

Denel still bleeding, but auditors say it's a going concern

2019-10-03 15:13

Denel's bad reputation had a "draining impact" on its financial position, as the arms manufacturer recorded a net loss of R1.5bn, said CEO Danie du Toit.

Severe problems at SAA, SA Express prevent release of annual reports – Gordhan

2019-10-02 09:45

There are questions about whether the state-owned airlines can be classified as going concerns.

Central Energy Fund has 'good story to tell', posts R354m profit

2019-03-12 15:24

The state-owned national energy utility showed a profit after tax of R354m in the 2017/18 financial year, compared to a net loss of R621m in the 2016/17.

AG questions Prasa's future as mismanagement, burnt trains take their toll

2018-10-17 11:07

Auditor General Kimi Makwetu has given Prasa a qualified audit opinion on its latest annual report and financial statements, saying he is uncertain Prasa can continue as a going concern.

SABC's total irregular expenditure nears R5bn

2018-10-04 17:18

The SABC incurred R570m in irregular expenditure during the 2017/18 financial year, bringing its total close to R5bn.

Gordhan tells Parliament Denel, SAA, SA Express will miss annual report deadline

2018-09-19 11:42

Public Enterprises Minister Pravin Gordhan has told Parliament that the annual reports for the three SOEs will not be ready on time, as the necessary paperwork is still outstanding.

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