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Steinhoff, Tongaat woes raise South African auditor scrutiny

By: Bloomberg     10th June 2019 Steinhoff International’s financial scandal and sugar maker Tongaat Hulett’s admission it may need to restate results is spurring South African auditors to weigh tougher measures for the profession. While auditors are expected to reassure the public that the financial statements they have signed... 

Standard Bank shareholders vote for disclosure on lending to coal projects

By: Tasneem Bulbulia     31st May 2019 In a first for South Africa, climate-conscious shareholders of Standard Bank have compelled the bank to adopt and publicly disclose a policy on lending to coal-fired power projects and coal mining operations. Fifty-five per cent of shareholders in attendance at the bank’s annual general meeting... 

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