Browsing: KPMG

Letter sets out why Guptas quit

Gupta-owned company Oakbay Investments made contact with President Jacob Zuma and cabinet ministers to express its “deep disappointment” at banks closing its accounts, it was revealed in a leaked letter to staff on

Now FNB dumps Guptas

First National Bank has closed the accounts of Gupta family-controlled Oakbay Investments, prompting Oakbay to demand an explanation from FNB CEO Jacques Celliers. FNB’s decision

KPMG severs ties with Guptas

KPMG has terminated its business relationship with the Gupta business empire due to the political storm surrounding the family’s friendship with President Jacob Zuma. KPMG was the auditor for all Gupta-owned and -controlled businesses

SA’s most attractive tech employers ranked

Google has emerged as the most attractive employer among professionals in the technology and engineering sector, according to a new survey. Students, meanwhile, rate Transnet tops in the same sector. Employer branding company

Popi Act risks stifling small business

Experts are divided on the impact that the Protection of Personal Information (Popi) Act, due to take effect in the near future, will have on the South African economy. Some say it will hamper local businesses while others maintain it will enhance trade with countries that have stringent

Gijima teeters on the brink

Technology group Gijima is facing a difficult and uncertain future after it warned on Tuesday that it had failed to comply with financial covenants related to borrowings of R213m and auditor KPMG warned of “the existence of a material uncertainty which may

Service key to cutting mobile churn

KMPG has released a new report on customer service in the prepaid mobile industry worldwide that has found that providing excellent customer service across the board is the key to keeping customers loyal and reducing churn. The company undertook a study

For operators, sharing is caring, says KPMG

Tower sharing may be the solution to the dual problem of increasing demand for network capacity and the revenue pressures facing SA operators. Johan Smith, head of Africa telecommunications group at KPMG, says the industry, regulators and government need

Huge Group fails to publish results on time

There is no link between the decision by Huge Group acting financial director Yvette Neveling to resign and its announcement just hours later that the company has failed to publish in 2011 financial results within the deadline prescribed by the JSE, says CEO

Siemens mum on labour department battle

Siemens has declined to comment on a decision by the department of labour to terminate its 10-year IT contract with the German-owned firm, saying it has not seen a report which recommended