Streaming issues? Report here
Temp 702 logo 1000 x 1000 2020 Temp 702 logo 1000 x 1000 2020
Best of 702
00:00 - 04:00
volume_up
volume_mute

Up Next: Early Breakfast with Africa Melane
See full line-up
Best of 702
00:00 - 04:00
Home
arrow_forward
Business

Institute of Directors breaks off ties with KPMG, pending outcome of probe

7 September 2017 5:03 PM
Tags:
State Capture
KPMG
Institute of Directors

The Institute of Directors has temporarily suspended all co-branded activities with the auditing firm KPMG.

The Institute of Directors has temporarily suspended all co-branded activities with the auditing firm KPMG.

KMPG was allegedly involved in syphoning taxpayer's money to pay for a lavish Gupta family wedding at Sun City.

The Institute of Directors has suspended KPMG's sponsorship of events with KPMG, including the firm's scheduled golf day next month which has been cancelled.

Read: KPMG under fire for alleged role in state capture

The institute has also suspended KPMG's involvement in the audit committee forum, reports EWN's Gia Nicolaides.

This is not the first blow for KPMG. In July, assets management firm Sygnia cut ties with the auditing company.

Also read: Why Sygnia fired KPMG

The Institute of Directors says it will wait for investigations to be completed, before deciding on whether to permanently suspend relations with KPMG.

Take a listen to the EWN update:


This article first appeared on CapeTalk : Institute of Directors breaks off ties with KPMG, pending outcome of probe


7 September 2017 5:03 PM
Tags:
State Capture
KPMG
Institute of Directors

More from Business

Vodacom to launch e-commerce 'super-app' in partnership with Alibaba

18 May 2021 9:02 PM

Vodacom is challenging the banks at their own game! exclaims Bruce Whitfield as he interviews Vodacom CEO Shameel Joosub.

Share this:
Read More arrow_forward

Brewing giant Heineken going after majority stake in Distell (Savanna, Amarula)

18 May 2021 7:52 PM

The Dutch brewer could be attracted specifically to Distell's cider component, speculates analyst Keith McLachlan.

Share this:
Read More arrow_forward

World’s largest refrigerated cargo ship in SA to transport record citrus exports

18 May 2021 7:13 PM

'A truly historic moment' - Citrus Growers Association's Justin Chadwick on how specialised reefer ships will boost the industry.

Share this:
Read More arrow_forward

Vodacom increases dividend as South Africans' hunger for data grows

18 May 2021 6:35 PM

The Money Show interviews Vodacom CEO Shameel Joosub about the Group's full-year results.

Share this:
Read More arrow_forward

I like to save. I don’t buy new cars – Rob Rose (Financial Mail)

17 May 2021 8:01 PM

Financial Mail Editor Rob Rose opens up about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward

Invest in precious metals such as gold – a guide for South Africans

17 May 2021 7:35 PM

Bruce Whitfield interviews Dr Zoltan Erdey, author of "Going for Gold: The South African's Guide to Investing in Precious Metals".

Share this:
Read More arrow_forward

Is 'localisation' a realistic economic policy for South Africa?

17 May 2021 7:25 PM

Can local businesses substitute 20% of their imports? Bruce Whitfield interviews Peter Attard Montalto of Intellidex.

Share this:
Read More arrow_forward

SA economy recovering faster than expected - 4% growth a possibility in 2021

17 May 2021 7:08 PM

The Money Show’s Bruce Whitfield interviews Patrice Rassou, Chief Investment Officer at Ashburton Investments.

Share this:
Read More arrow_forward

Redefine Properties reports 62.7% drop in headline earnings

17 May 2021 6:50 PM

The Money Show’s Bruce Whitfield interviews Redefine Properties CEO Andrew König.

Share this:
Read More arrow_forward

Chicken sales are not healthy, but comfortable - Chris Schutte, Astral Foods

17 May 2021 6:26 PM

The Money Show’s Bruce Whitfield interviews Chris Schutte, CEO at Astral Foods.

Share this:
Read More arrow_forward