Browsing: KPMG

Current affairs
HSBC pulls plug on Gupta accounts

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

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Transnet distances itself from SAP scandal

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

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Gupta scandal escalates

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

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Telkom suspends new work with KPMG

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

Current affairs
Ex-KMPG boss denies Gupta wrongdoing

Moses Kgosana, who withdrew from taking the post as chairman of Alexander Forbes in the wake of allegations related to his tenure as CEO and senior partner at KPMG South Africa, said he offered to step aside from the

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Ex-KPMG CEO loses new job over Gupta claims

Moses Kgosana, who was due to take the role of Alexander Forbes chairman from the end of August, withdrew from the position after allegations emerged related to his tenure as CEO and senior partner at KPMG South Africa. KPMG

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Gupta firm saved from JSE axe

Gupta-owned Oakbay Resources and Energy has averted being booted off the JSE by securing a new sponsor with effect from Thursday. This comes after the Guptas announced last Friday that they would sell all their shares in their South African businesses by the end

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Guptas’ Oakbay listing may be suspended

Oakbay Resources & Energy, the company controlled by the Gupta family, may have its listing suspended by the JSE, the latest setback to the business interests of the friends of South African

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