Steinhoff shareholders lose class action, but directors, Deloitte are still in sight – judge
Shareholders are not without remedy; it is for Steinhoff companies to hold Steinhoff directors and Deloitte liable for any breach of duty, says judge.
Deloitte
Efforts intensify to break dominance of SA’s Big Four auditors after state capture scandals
SA regulators are stepping up efforts to break oligopoly of the top auditing firms after scandals involving two of Big Four failed to do the job for them.
🔒 Biggest critic applauds Tongaat’s hard-assed stance on former execs, Deloitte
Opportune SA’s Chris Logan is impressed at the way new Tongaat chairman Louis von Zeuner and his CEO Gavin Hudson are determined to make those responsible for Tongaat’s R11bn write-offs face the consequences.
Taxpayers give Eskom R54bn; SA’s Tencent tourism deal; airline groundings; Pick n Pay; Deloitte
Taxpayers are to fund another R54bn to bail out Eskom. The Special Appropriation Bill will see the government give the troubled power utility R26bn in the year through March.
Eskom attacks Deloitte as fresh corruption scandal erupts: Pay back the money!
Deloitte LLP has become the latest international company dragged into South Africa’s government-linked corruption scandals.
Dr Martyn Davies: Time for talking is over – SA needs action. Now.
Independent-minded Martyn Davies of Deloitte picked up a bunch of penetrating questions from the Biznews community – and provided his own forthright responses.
Steinhoff dumps Deloitte; IDC wants R157m from Moyo; HK protests escalate; Trump raises China tariffs
The business ethics of Old Mutual’s former CEO Peter Moyo are back in the spotlight after a dynamite disclosure in yesterday’s Sunday Times Business Times.
Steinhoff dumps Deloitte, seeks a fresh start
Steinhoff nominated Mazars’s Netherlands unit as its new group auditor as the South African retailer looks to make a fresh start after it was almost destroyed by an accounting scandal.
Flash Briefing: SABC faces blackout; SAA pilots strike-ready; JSE probes Deloitte, Sygnia; Has Musk dumped Twitter?
The South African Broadcasting Corporation is in serious trouble and faces a blackout. The financial position of the broadcaster has been worsening as it awaits a decision on its application for a R3.2bn financial support from the government.
First KPMG, then Deloitte… Sygnia looks for new auditor
The directors of Sygnia took the decision to look for alternative external auditors given their unsatisfactory engagement with Deloitte and the reputational risk associated with the firm.