Sasfin CEO opens up about dumping KPMG

Sasfin is terminating KPMG's role as an independent sponsor and has decided to put its audit out to tender as part of its commitment to good governance.

KPMG has cleared out its South African leadership and withdrawn its findings from a South African Revenue Services (Sars) report into the so-called rogue unit following an internal investigation which has revealed serious failings at the firm.

KPMG has been a joint auditor at Sasfin for 18 years.

Sars is stopping all work being done by KPMG and reporting the firm to the Finance Minister to be blacklisted.

Sasfin, along with SA's four major banks - Standard Bank, Barclays Africa, Nedbank and FirstRand - earlier this year also severed ties with Gupta-owned company Oakbay following allegations of state capture.

The Money Show’s Bruce Whitfield interviewed Sasfin CEO Roland Sassoon.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

We had to distance ourselves from KPMG…

Roland Sassoon, Sasfin

It doesn’t look good with regards to the Sars issue… it was the last straw.

Roland Sassoon, Sasfin

I feel terribly sorry for the 3000 people part of that organisation, 99% who, I’m sure, are ethical people.

Roland Sassoon, Sasfin

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Emmerson Mnangagwa 'eats cake' in Russia while Zimbabwe burns

Emmerson Mnangagwa 'eats cake' in Russia while Zimbabwe burns

The Money Show’s Bruce Whitfield interviews Dianna Games, Chief Executive at Africa at Work.

These types of ads usually suck. This one by Hippo is awesome

These types of ads usually suck. This one by Hippo is awesome

Branding and advertising expert Andy Rice gives Hippo.co.za’s new TV ad a "hero" rating.

Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Bruce Whitfield interviews Wierzycka about the ANC’s flirtation with forcing pension funds to invest in ailing SOEs such as Eskom.

Petrol price will probably fall yet again in February - AA

Petrol price will probably fall yet again in February - AA

Let the good times roll! The petrol price peaked at R17.08 in November but has since plummeted.

'Dark forces within the ANC push these policies to restart State Capture'

'Dark forces within the ANC push these policies to restart State Capture'

The Money Show’s Bruce Whitfield interviews Intellidex’s Head of Capital Markets Research, Peter Attard Montalto.

'Auditors are watchdogs, not bloodhounds'

'Auditors are watchdogs, not bloodhounds'

The Money Show’s Bruce Whitfield interviews Independent Regulatory Board For Auditors CEO Bernard Agulhas.

Popular articles
Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Why 'prescribed assets' is (mostly) a terrible idea – Magda Wierzycka (Sygnia)

Bruce Whitfield interviews Wierzycka about the ANC’s flirtation with forcing pension funds to invest in ailing SOEs such as Eskom.

[WATCH] Solidarity heads to court to fight Schweizer Reneke teacher's suspension

[WATCH] Solidarity heads to court to fight Schweizer Reneke teacher's suspension

Trade union Solidarity says it plans to file an urgent court application by the end of this week, reports EWN's Thando Kubheka.

Pitch Black Afro remains behind bars, bail hearing postponed to Friday

Pitch Black Afro remains behind bars, bail hearing postponed to Friday

Hip-hop artist Thulani Ngcobo made his second appearance in court on Tuesday.

We need an honest conversation about African institutions says Eusebius

We need an honest conversation about African institutions says Eusebius

Eusebius McKaiser says there needs to be a conversation about African institutions and how they can help Zimbabwe.

[WATCH] Gymnast's routine has internet buzzing

[WATCH] Gymnast's routine has internet buzzing

Khabazela shares tweets and Facebook posts that have gone viral.

Bryan Habana opens up about money, and now having to buy his own clothes

Bryan Habana opens up about money, and now having to buy his own clothes

Bruce Whitfield interviews the legendary Springbok about his attitude toward money (hopes and fears, successes and failures, etc.)

Woman arrives in CT after driving from Scotland to SA in her old Morris Minor

Woman arrives in CT after driving from Scotland to SA in her old Morris Minor

The journey began in Aberdeen, her father's birthplace, in June last year and ended in Mother City over the weekend.