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    Moody's has (again) said that weak state-owned entities are a risk to SA's sovereign credit rating.

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    Simon Brown says savvy investors worked out how the rand would react to uncertainty at Treasury.

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Financial Services

Ramaphosa reveals terms of reference into PIC probe

Oct 17 2018 19:34

The government has gazetted the terms of reference into an investigation into the Public Investment Corporation, initially announced in August.

Financial Services

SARS admits it may have 'thrown out the book' with Bain, Gartner contracts

Oct 17 2018 21:56

The South African Revenue Services's Chief Financial Officer, Johnstone Makhubu conceded on Wednesday that its procurement division may have "thrown out the book" in its awarding of multi-million rand contracts to Bain and Gartner.

Financial Services

Sanlam to chase deal with black investors after buying Saham

Oct 12 2018 12:48

Sanlam is ready to press ahead with the sale of a 5% stake to black investors as the insurer nears the finish line with its purchase of Morocco’s Saham Finances.

Financial Services

Sanlam seals largest deal yet in growth drive

Oct 11 2018 09:37

Sanlam says it fulfilled all the conditions for the $1.1bn of the shares it doesn’t already own in Morocco’s Saham Finances SA after regulators approved the deal.

Financial Services

VBS looting: KPMG and former exec under fire in report about ‘bank heist’

Oct 10 2018 13:41

A damning report into the looting of VBS Bank has found that former KPMG partner Sipho Malaba knew about the cash shortage of nearly R1bn at the bank but signed off on its financials anyway - benefitting by roughly R28m for his efforts.

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Financial Services

Spike in complaints about SARS, reports Tax Ombud

Oct 10 2018 21:27

The number of complaints referred to the Tax Ombud has "grown exponentially" since the office was established in 2013, stretching resource capacity.

Financial Services

Lack of funding limits probes into auditors, MPs told

Oct 10 2018 07:10

The Independent Regulatory Board for Auditors needs more funding to be able to implement investigations for the rising number of audit failures, members of Parliament have heard.

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