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Browsing: KPMG
Consultants became the gatekeepers and controllers of billions of rand in spending at state-owned enterprises.
ABB will repay R1.56-billion to Eskom, the latest international company to return money after being ensnared in corruption probes in the country.
South African regulators are stepping up efforts to break the oligopoly of the country’s top auditing firms after accounting scandals involving two of the Big Four failed to do the job for them.
Deloitte has become the latest international company dragged into South Africa’s government-linked corruption scandals.
South African prosecutors have moved to freeze the assets of suspected allies of the politically connected Gupta family more than a year after the nation’s top graft ombudsman outlined the depth of state looting in the country
HSBC Holdings is shutting accounts associated with the powerful Gupta family as it assesses its exposure to the scandal gripping South Africa. The bank is conducting a wide-ranging review of any possible
Transnet has distanced itself from third-party payments made by software giant SAP to win contracts with South Africa’s state-owned ports and rail operator, saying they are an issue for the German company and its business partners
Corruption allegations surrounding South Africa’s politically connected Guptas ensnared one of Germany’s biggest companies as SAP joined international businesses ranging from KPMG to McKinsey & Co in reporting links with
Telkom won’t award any new business to KPMG’s local unit pending the outcome of an investigation into the firm by the country’s accountancy body. Any contracts underway with the auditor and consulting firm