Kpmg
KPMG agrees to reparations with Sars officials over 2014 'rogue unit' report
KPMG South African chair Wiseman Nkuhlu said the issue of reparations came up as part of re-establishing trust with the tax authority. Around 45 people were...
Included in those expected to be arrested is former VBS and Vele Investments chairperson Tshifhiwa Matodzi, the alleged kingpin behind the heist.
La Liga giants Real Madrid lead a list of the continent's 32 most valuable teams as of 1 January, with KPMG estimating the value of the 13-time European champions at nearly 3.5 billion euros ($3.88 billion), with United in second place at 3.342 billion euros.
The Spanish champions’ revenues eclipsed those of Ligue 1’s Paris St Germain (636 million euros), the Bundesliga’s Bayern Munich (626 million euros) and the Premier League’s Manchester City (610 million euros).
KPMG also said it would also hire an independent consultant to assess the firm’s ethics and integrity controls as well as its compliance, the SEC said in a statement.
The auditing firm said Ignatius Sehoole was an experienced leader in the accounting industry.
The company is now working to rebuild its reputation after it was linked to the Gupta family and now recently the VBS Mutual Bank scandal.
The company is faced with the challenge of restoring its reputation and integrity after it was linked to the Guptas and now the VBS Mutual Bank scandal.
The audit firm has suffered great reputational damage after its links to the Gupta family and recently the VBS Mutual Bank scandal.
The auditing firm has announced it will be distributing the fees it earned from Gupta-related entities to various organisations.
The company confirmed Ignatius Sehoole's appointment as chief executive on Wednesday.
KPMG’s South African unit named an outsider Ignatius Sehoole as its chief executive on Wednesday.
KPMG’s South African unit has shed several clients since 2017 and is battling to restore its reputation after becoming entangled in a corruption scandal involving the Gupta family.
The VBS report states that Sipho Malaba gave the Mutual Bank an unqualified audit opinion where he knew the financial statements were misstated.
The Auditor-General has on Friday told Parliament his office is still not utilising the services of the two companies.
Saica says it will take action against nine of its members who have been named in the VBS report but it would have to wait for another disciplinary process to be completed.
A former partner at the firm Sipho Malaba scored R33 million from the R1 billion that was syphoned off.
Advocate Terry Motau revealed how the bank set up middlemen to pay bribes to government officials who were in a position to ensure deposits were made into the bank.
The new CEO will be recruited externally, KPMG said.