After helping topple one of Britain’s best known PR companies, South African anti-corruption groups are now targeting US consultancy McKinsey & Co and auditing firm KPMG for doing work for
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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
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
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
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
South African regulators are seeking details from India’s Bank of Baroda of accounts belonging to businesses owned by the Gupta family, intensifying scrutiny of the friends of President Jacob Zuma, according to a person close to the
The board of Gijima, the technology group now 100% owned and controlled by businessman Robert Gumede, will sign off on its multi-year turnaround at the end of the financial year to June 2016, its
South Africa has been known as the continent’s second-largest economy since Nigeria re-based its GDP data in early 2014. However, the IMF World Economic Outlook released in mid-April provided more sobering GDP statistics for South Africa
Labour minister Mildred Oliphant conceded on Tuesday that a meeting between cabinet ministers and South Africa’s four banks had taken place. However, she didn’t want to provide further details as the ministers were still to report back to cabinet
Cabinet was concerned that the decision by the country’s big four banks to cut ties with the Gupta-owned Oakbay Investments would deter investors, planning minister Jeff Radebe said on Friday. “While cabinet appreciates the terms and conditions of