Investec chair’s business partner says he was ‘terrified’ by aggressive SMS

Aqueel Patel says Investec’s Fani Titi forwarded the offending SMS to him, in which Peter-Paul Ngwenya wrote that Titi ‘will bleed’

Affiliated auditors sever Nkonki ties amid Gupta fallout

The affiliates, which are independent legal entities within the Nkonki network, have distanced themselves from the controversy that drove the Sunninghill ...

Van Zyl family spends R5.6m buying shares in African Rainbow Capital

Johan van Zyl’s wife acquired 11,606 ARC shares over the past few weeks, bring the family share total to 874,611

PIC rejects proposals that ensure more disclosure

Transparency of PIC investments has become critical in view of some of its questionable investment decisions

Auditor-General Kimi Makwetu's decision sinks audit firm Nkonki

Nkonki’s largest office, which employs 180 people, applies for voluntary liquidation

Investec chair feared for his life after SMS tirade

Peter-Paul Ngwenya is facing a charge of crimen injuria for using racially offensive expletives in a text message to Investec chairperson Fani Titi

Shares in Purple Group tumble as investors digest its interim results

The investment holding company reported its revenue declined in the six months to end-February

Old Mutual fixes listings dates

Unbundling of stake in Nedbank will complete separation process

WATCH: Dutch investors go after Steinhoff banks

VEB’s head of European relations, Armand Kersten, talks to Business Day TV about the organisation’s planned action

Steinhoff investor losses not our fault, Absa says

Absa’s mandate did not include compiling or reviewing the financial statements of Steinhoff SA, says Phumza Macanda

Portugal considers Mercantile Bank short list

The sale of Mercantile and other banking assets globally was a European Central Bank-imposed condition of a restructured loan

PSG Konsult defies a challenging year

The group posts double-digit increases in recurring headline earnings per share and assets under management

Reserve Bank stresses firms free to appoint any auditors

The Bank again stresses that it does not interfere in the process of auditor appointments

More audit firms at risk as auditor-general wields axe

Difficulties are everywhere in the profession, says auditor-general

New blow as KPMG loses SA’s most valuable client

The auditor-general has control over auditing contracts that dwarf even the largest private-sector business

Sasfin to acquire minority stake in Saxo Capital Markets SA

This follows the purchase of the loan book of Absa Technology Finance Solutions for R1bn; the group is undertaking a strategic review under new CEO

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Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every month except December and January.