3rd October 2017
By eNCA Corruption has a serious chance of ripping the ANC apart, but don’t think this will lead to party members abandoning the party. That’s the insight from research conducted among the ANC’s membership by Markdata and African Response in the run up to the governing party’s elective conference in… Read More
2nd October 2017
By Alex Mitchley, News24 The High Court in Pretoria has granted President Jacob Zuma a stay in immediately implementing a judicial commission of inquiry as recommended in the Public Protector’s State of Capture report. This is until his application for a review of that remedial action recommended by the… Read More
27th September 2017
South Africa’s largest trade union went on strike Wednesday, threatening to “shut down the country” as it protested against corruption in the ruling African National Congress (ANC) party. The Congress of South African Trade Unions (COSATU) mobilized strike action nationwide, including in the capital Pretoria and economic hub Johannesburg. Read More
25th September 2017
The leader of South Africa’s opposition party, the Democratic Alliance (DA) leader Mmusi Maimane says he will ask fraud investigators in London to probe McKinsey in terms of the UK’s Bribery Act. Maimane says that the firm appears to have paved the way for the controversial Gupta-linked company Trillian to… Read More
22nd September 2017
South Africa’s central bank said it’s concerned about the quality of internal controls at KPMG LLP after the global auditing firm admitted that work for the politically-connected Gupta family was below the required standard. “We have noted with concern the regrettable auditing practices and serious errors of judgment that occurred… Read More
22nd September 2017
On Thursday, the North Gauteng High Court in South Africa dismissed Oakbay’s application to stop the Bank of Baroda closing the accounts of about 20 Gupta-owned companies. As things stand now, the Bank of Baroda is due to pull the plug on Gupta accounts at the end of September. Read More
20th September 2017
Sasfin Holdings, a South African financial services company, said it’s firing KPMG LLP as its independent sponsor and searching for a new auditor, as more businesses announced they were dumping the firm because of work it did for the politically connected Gupta family. Hulisani Ltd., which invests in energy projects,… Read More
19th September 2017
As global companies implicated in a graft scandal in South Africa scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations. The scandal has revolved around members of the wealthy Gupta family, who are friends of President Jacob Zuma and have… Read More
18th September 2017
The father of the Bell Pottinger executive at the centre of the South Africa scandal that brought down the City PR firm has resigned from his role as a board member of London-listed pest control and hygiene firm Rentokil Initial. Chris Geoghegan – the father of 34-year-old Victoria Geoghegan who… Read More
15th September 2017
KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives have resigned and the auditor has withdrawn its South African Revenue Service (SARS) “rogue unit” report. The development follows an investigation by KPMG International, which was launched after pressure mounted on the auditor… Read More