Page 8 - Peter Staude News Today

The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential.

For the alleged accounting irregularities that rocked the group in 2019 and forced it to restate is financial results for two years.

Sugar producer Tongaat Hulett has filed a R450 million civil claim against some of its former executives and is also seeking a order declaring them as delinquent directors.



The group also wants to recoup $9-million in fake sugar sales in Zimbabwe

Embroiled JSE-listed sugar refiner Tongaat Hulett is going after former executives for cooking the books between 2011 and 2018.

JSE-listed sugar producer Tongaat Hulett is claiming R450m against former directors and executives implicated in the group’s accounting scandal.

Tongaat Hulett is seeking a thumping R450-million in civil claims against former executives after the accounting fraud revealed by the company in 2019, the company announced on Tuesday. This signals a growing claw-back trend against errant directors. Tongaat Hulett is seeking a thumping R450-mi...

‘Shareholders are now faced with a highly dilutory rights issue which is actually going to facilitate a change of control’: Opportune Investments founder Chris Logan.

In response to David Lipschitz’s view on corruption in SOEs, community member Nick Najbicz concludes “white collar crime also pays”.

Tongaat has delayed the release of its annual results after missing its R8.1 billion debt reduction target.