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Steinhoff takes first steps toward recovery as losses narrow

By: Bloomberg     19th June 2019 Steinhoff International Holdings reduced its loss by 70% in the fiscal year ended in September, the South African retailer’s first step toward recovering from an accounting scandal. The net loss was €1.2-billion during the period, down from €4-billion in the previous year. The owner of Conforama... 

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... 

TIPS Forum discusses how 4IR is helping efficiency, environment

By: Marleny Arnoldi     31st May 2019 Industrialisation leads to socioeconomic growth, often at a cost to the environment in the form of emissions and pollution, and, therefore, the Fourth Industrial Revolution (4IR) presents a promising opportunity for sustainable development. Speaking at the Trade and Industry Policy Strategies... 

Dawie Strauss

By: Martin Zhuwakinyu     31st May 2019 This week we profile Dawie Strauss, MD of Superior Pressure Solutions (Spress), a company that is involved in the manufacture, sales and maintenance of high-pressure equipment supplied to the greater African continent and neighbouring islands 

Areas of uncertainty regarding Mining Charter likely to raise compliance costs 

By: Tasneem Bulbulia     28th May 2019 Although Mining Charter III has resulted in greater collaboration between stakeholders across the mining industry, while taking into account the realities facing the industry, areas of uncertainty remain and these are likely to raise compliance costs. This was discussed during a Webber Wentzel... 

Collaboration seen as key as SA moves to position for 4IR epoch 

By: Natasha Odendaal     17th May 2019 While President Cyril Ramaphosa’s Fourth Industrial Revolution (4IR) visions for South Africa are gaining some traction, the success of a new digital future will require extensive coordination and deep collaboration across every sphere and sector. Following a technology-centred State of the... 

Deloitte consolidates Intelligent Mining offering

By: Marleny Arnoldi     6th May 2019 Since launching its Intelligent Mining system a bit more than a year ago, Deloitte has consolidated the respective service offerings into one combined mining intelligence capability, which now comprises a Digital Nerve Centre and Intelligent Boardroom. Deloitte digital mining operations leader... 

Ferrexpo plunges as auditor, directors resign amid charity probe

By: Bloomberg     29th April 2019 Ukrainian iron-ore producer Ferrexpo plunged the most in three years as its auditor and two directors resigned amid a money laundering investigation at a charity supported by the company. Ferrexpo announced on Friday morning that Deloitte had resigned without providing any details about the... 

Ferrexpo auditor Deloitte quits as queries remain around charity funds

By: Reuters     26th April 2019 Ferrexpo said on Friday Deloitte had resigned as its auditor with immediate effect, days after the iron-ore miner said some funds of a charity it donates to in the Ukraine could have been "misappropriated". Blooming Land, the charity which coordinates Ferrexpo's Corporate Social Responsibility... 

New speakers added to Inaugural Exponential Finance Summit programme

24th April 2019 SingularityU South Africa brings together over 20 global thought leaders in technology, finance, and investment SingularityU South Africa today announced that more speakers have been added to the programme for the inaugural Exponential Finance Summit, which will take place at the Cape Town... 

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