A buy-in by strategic investment partner Value Capital Partners (VCP) has done wonders for the share price — and, indeed, the prospects — of electronics and technology collective Altron. Hopefully, VCP’s participation at Adcorp can do the same for the struggling services conglomerate. Adcorp — once a top-rated second line share on the JSE — has seen its market value crimp around 35%. Over three years the share price is down close to 60%.The Independent Regulatory Board for Auditors (Irba) must be feeling vindicated by the emergence of details painting a cosy relationship between KPMG audit partners and their clients, the Gupta family. Irba has come under fire from, among others, large audit firms and the Chief Financial Officers Forum for instituting mandatory audit-firm rotation every 10 years, starting in 2023. The move is partly in response to concerns that relationships between companies and their external auditors have compromised auditor independence. The forum has decried thi...

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