KPMG have begged South Africans to give them a second chance as the firm is left counting the cost of corruption scandals.
Continue reading…
KPMG begs South Africa for a second chance after rocked by corruption
Posted on Leave a comment
It is reported that Cyril has no solid economic policy, is that why he is just borrowing money from everywhere?
Posted on 2 Comments
Ramaphosa’s government doesn’t have an economic policy. All that’s been forthcoming is a stimulus package, plus two summits.
Continue reading…
All they know is how to spend money:- Auditor General: Irregular spend at ‘all-time high’
Posted on Leave a comment
Auditor General Kimi Makwetu has lamented poor financial controls in the public sector that lead to irregular expenditure, saying the scourge has reached an “all-time high”.
Continue reading…
Tom Moyane seeks ConCourt intervention as his time runs out
Posted on Leave a comment
Suspended South African Revenue Service (Sars) commissioner Tom Moyane has filed an over 700-page application at the Constitutional Court asking the court to urgently hear his matter to have President Cyril Ramaphosa’s decisions in appointing the Nugent commission and the disciplinary inquiry into his conduct as being in violation of the Constitution.
Continue reading…
Bain & Company won’t be stepping down in state capture allegations
Posted on Leave a comment
Beleaguered consultancy Bain & Company on Monday morning issued a clarification that managing partner Vittorio Massone was not stepping down as previously communicated, but rather merely taking time to focus on cooperating with the Sars commission of inquiry.
Continue reading…
Today is a full day of hearings into corporate scandals in Parliament
Posted on Leave a comment
South African corporate scandals will be the order of the day in Parliament on Tuesday, as the standing committee on finance rolls up its sleeves for a full day of hearings into the imbroglios at Steinhoff, KPMG, VBS Mutual Bank, and the SA Revenue Service.
The committee will start by receiving briefings on Capitec Bank and VBS Mutual Bank on Tuesday morning.
Continue reading…
State capture: ANC plots a way for Zuma to walk free
Posted on Leave a comment
A presidential pardon could be part of the ANC’s package offered to President Jacob Zuma for him to vacate office before his term comes to an end in 2019. ANC insiders said this week there have been informal discussions between supporters of Zuma and ANC president Cyril Ramaphosa about the possibility of granting Zuma a..
Continue reading…
KPMG-skandaal raak ondersoek na duur medies
Jacob Zuma’s criminal status key for ANC rules
Posted on Leave a comment
If corruption charges against Jacob Zuma were to be re-enrolled, a fraught responsibility would fall on ANC secretary general Gwede Mantashe. Under the ANC’s constitution, the party’s secretary general “may suspend” a member or office bearer indicted to appear in a court if that seems necessary — “on the authority of” the party’s national executive..
Continue reading…
Business Leadership South Africa suspends Eskom and Transnet
Posted on Leave a comment
Business Leadership South Africa on Thursday booted out state-owned entities Eskom and Transnet for their involvement in corruption and state capture with immediate effect. The announcement comes as BLSA launched its #BusinessBelieves campaign in Cape Town, where it signed a “contract” with South Africa, pledging to do even more to create jobs and grow and..
Continue reading…
UK to probe European banks linked to SA state capture
Posted on Leave a comment
A complaint about European banks who may be involved in the illicit financial flows of state capture in South Africa has been forwarded to two law enforcement agencies in the United Kingdom, leaving these banks open to investigation and prosecution. The Chancellor of the Exchequer Philip Hammond forwarded a message about banks based in the..
Continue reading…
What is the ANC learning from the private sector
Posted on 1 Comment
Within the past few days, former president Kgalema Motlanthe said it would be good if the ANC was voted out of office (good for the ANC, that is), the outspoken MP Makhosi Khoza resigned from Parliament and from the ANC, and the Bank of Baroda won a court case to allow it to stop being..
Continue reading…
Moyane clings to existence of so-called ‘rogue unit’ despite KPMG confession
Posted on Leave a comment
Sars commissioner Tom Moyane has insisted that there is evidence to support the notion of a so-called “rogue unit” in Sars, despite a blow from auditing firm KPMG which withdrew its findings on the unit. Moyane announced in a press briefing on Monday that the South African Revenue Service is now pursuing legal action against..
Continue reading…