ABIL’s ex-BEE partners in new battle against Deloitte

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
Lwazi Bam
Lwazi Bam

Johannesburg - The former empowerment partners of African Bank Investments Limited (ABIL) have engaged in a new battle with ABIL’s former auditor, Deloitte, by filing a complaint with the body that regulates local auditors.

Desmond Lockey, who is Hlumisa Investment Holdings’ chairperson and a shareholder of Eyomhlaba Investment Holdings, this week lodged a complaint with the Independent Regulatory Board of Auditors (IRBA).

The 13 000 Hlumisa and Eyomhlaba shareholders want to claim R2.1 billion from the former ABILl directors and Deloitte following ABIL’s failure.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
14.13
-0.9%
Rand - Pound
19.86
-0.3%
Rand - Euro
17.06
-0.3%
Rand - Aus dollar
10.92
+0.5%
Rand - Yen
0.13
-0.0%
Gold
1,814.47
-1.3%
Silver
26.96
-2.4%
Palladium
2,859.51
-2.8%
Platinum
1,215.34
-2.0%
Brent Crude
68.55
+0.3%
Top 40
61,529
+0.3%
All Share
67,424
+0.3%
Resource 10
71,663
+1.5%
Industrial 25
83,756
-0.5%
Financial 15
12,642
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 1421 votes
No, I did not.
52% - 3560 votes
My landlord refused
28% - 1891 votes
Vote