Adventures in accounting: Trustco baffles brains
Rejigging property assets has helped Trustco book much fatter full-year profits than may actually be the case
20 June 2019 - 05:00
Recent bouts of adventurous accounting — think Steinhoff and Tongaat Hulett — should have investors much more determined to ask "What’s wrong with this picture?" when perusing financial statements.
It would be difficult for any seasoned analyst to scan the latest financial report to end-March for Namibian investment conglomerate Trustco without a few serious misgivings. And that’s probably putting it politely...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.