Browsing: Terence Nombembe

Most company directors, CEOs and chief financial officers in JSE-listed companies are white males, according to a South African Institute of Chartered Accountants (Saica) survey released on Wednesday. “Seventy-five percent of directorships are still held by whites

Democratic Alliance MP Marian Shinn has said she plans to ask president Jacob Zuma to refer the findings of the SABC’s 2012/2013 annual report to the Special Investigating Unit (SIU). leaveThis follows news on Tuesday that the public broadcaster had received a disclaimer

The SABC plans to exercise fiscal prudence when its government-guaranteed loan is paid off at the end of September, CEO Lulama Mokhobo said on Thursday. “The SABC has made R330m in profits after taxes, and we will be paying off the government guaranteed loan at the end of September,” she

The SABC was dealt a blow on Tuesday when it received a disclaimer of opinion for the 2012/2013 financial year, the worst audit opinion, from the auditor-general. A disclaimer is issued if the AG cannot form an opinion and thus declines to present an opinion on an entity’s financial statements

Auditor-general Terence Nombembe gave roads agency Sanral’s books the thumbs-up recently, although it is struggling against losses of more than R2bn because of financing costs on its tolling operations, thanks largely to the delay in e-tolling to pay for the Gauteng freeway improvement project

The seeds of the crisis in Johannesburg’s chaotic billing system were sown five years ago when a R208m tender to upgrade the system was awarded to an inexperienced company whose directors have a record