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1-10 results from 149 for query «financials»

14 March 2018 1:48 PM KPMG SA agrees to pay R1m US penalty over audit work

Cape Town - KPMG South Africa has agreed to pay a penalty of $100 000 (R1.17m) for becoming involved in audit work that did not comply to US audit standards. Foreign affiliates of accounting firms Deloitte & Touche and BDO have also agreed to pay penalties in the same matter. According to the Securities and Exchange Commission (SEC) in the US, KPMG SA relied 63

09 March 2018 10:43 AM Sanral at risk of downgrades, more bailouts

Cape Town – The South African National Roads Agency (Sanral) must improve its internal audit processes as its growing impairments will put it at risk of further downgrades and it may require bailouts from the state, the Organisation Undoing Tax Abuse (OUTA) warned on Friday. The civil rights body was responding to concerns raised over the agency’s financials 49

08 March 2018 3:44 PM Local equities give up gains to end the day flat

Cape Town - The JSE closed flat on Thursday in a session which saw it reverse most of its earlier gains. MTN [JSE:MTN] was the biggest gainer on the day after the release of its full-year results for the year ended December 31 2017. The results indicated healthy increases in earnings and free cash flow in constant currency, and a final dividend of R4.50 was declared 47

23 February 2018 2:41 PM SAA results to be released end April, as AG grapples with technical matters

Johannesburg - South African Airways (SAA) now has untill the end of April to finally table its long-awaited financials results, and will host its annual general meeting (AGM) no later than the end of March. This comes after SAA again failed to table its 2016-17 annual financial statements at the end of February, while no specific date has been given 40

20 February 2018 7:42 AM Steinhoff ex-partner wins case against embattled retailer

The owner of French furniture chain Conforama, Mattress Firm in the US and Pep clothing in Africa should amend its accounts for that year, the Amsterdam Enterprise Chamber ruled on Monday in a case brought by Andreas Seifert’s OM Handels and MW Handels businesses. The lawsuit pre-dates the reporting by Steinhoff of financial wrongdoing that’s wiped almost 50

16 February 2018 4:41 PM JSE eases as investors take profit

Cape Town - JSE eased on Friday as investors took profit after the biggest one-day rally in three years. The All-Share consolidated was down 0.69%, the blue-chip Top 40 down 0.86%, financials down 1.18% and industrials down 0.56%. It was a mixed day for retail stocks as Lewis [JSE:LEW] and Italtile [JSE:ITE] closed higher, up 6.71% and 6.33% respectively 76

14 February 2018 6:05 PM JSE edges up slightly in cautious trade

Cape Town - The JSE edged up slightly in cautious trade on Wednesday, as the market waits in anticipation for President Jacob Zuma to resign by midnight or be removed by Parliament on Thursday in a vote of no confidence. The All-Share was up 0.33%, with the blue-chip Top 40 up 0.30%, industrials up by 0.80% and financials up 0.07%. This was countered 56

02 November 2017 3:47 AM Auditor-General Kimi Makwetu sticks to his guns on SARS bonuses

Makwetu remains adamant the payment of R3m in bonuses to tax executives represents a governance breach The disagreement with the auditor-general has resulted in SARS not tabling its 2016-17 annual report in Parliament. SARS joins a growing list of entities and departments that have either contested the auditor-general’s assessment of their annual financial 29

25 October 2017 4:41 PM Futures higher as JSE gains on weaker rand following abysmal budget

South African futures rose on Wednesday in the wake of Finance Minister Malusi Gigaba’s medium-term budget policy statement (MTBPS), which saw rand hedges soar on a substantially weaker currency. The Dow had lost 0.44% soon after the JSE’s close on profit-taking, after hitting yet another high on Tuesday. European markets were lower ahead of the European 62

16 October 2017 12:58 PM WATCH: I knew nothing, mistress testifies at #PanayiotouTrial

Port Elizabeth - Murder accused Christopher Panayiotou's mistress, Chanelle Coutts, took the stand in the Port Elizabeth High Court on Monday to testify as a defence witness. The public gallery was packed with members of the media, the Inggs family, Panayiotou family members and women at court to support Coutts. Coutts, dressed smartly in black, hastily 28