Sizwentsalubagobodo
latest news & developmentsThose responsible for VBS municipal losses must be held accountable — Mkhize
Mkhize says his department will not allow the losses of council’s funds to hamper service delivery for the residents of affected municipalities
State eyes Transnet debt
But Public Enterprises Minister Pravin Gordhan is ‘confident’ talks with the SOE’s lenders will end well
Three VBS execs provisionally sequestrated, Vele liquidated
The sequestration and liquidation matter, which is ongoing, is being heard in the Johannesburg high court on Tuesday
Eskom reveals billion rand losses in annual financial results
Eskom’s irregular expenditure, identified under the terms of the Public Finance Management Act, rose to just under R20-billion
Power struggle rocks VBS bank’s main shareholder
Two Vele Investments bigwigs are at the heart of a power struggle as the VBS fraud saga continues
Reserve Bank: No guarantee municipalities will get VBS money back
The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March
IDC appoints new auditors after dumping KPMG
This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC
KPMG to review all work over the last-year-and-a-half
The beleaguered auditing firm has launched a large-scale review of all work done in last 18 months
VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit
SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information
Gupta firms sail close to the wind
With no access to banking, the family is heading into a financial storm. But it has a few lifeboats yet
Eskom lashes out at media, saying it is not broke
The Sunday Times published an article saying, according to financial statements it had seen, Eskom only had enough money to last approximately 90 days
The next big investment opportunity? Cows could outperform the JSE
A novel crowd-farming venture is offering a way to make money till the cows come home.
Death of investigator delaying Vavi corruption report
The murder of a senior investigator at an auditing firm has delayed a report into allegations of corruption against Zwelinzima Vavi, says a report.
Hunt still on for audit firm director’s killers
Police say the motive for yesterday’s shooting which killed Lawrence Moepi, a forensic services director at an auditing firm, is still unknown.
ANC interference prompts Pikoli sacking
The former head of the National Prosecuting Authority, advocate Vusi Pikoli, finds himself unemployed again because of political interference.