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According to a statement released by Health Minister Zweli Mkhize on Thursday, an emergency team has been deployed to Kwazulu-Natal with epidemiologists and clinicians from the NICD. (David Harrison/M&G)

Those responsible for VBS municipal losses must be held accountable — Mkhize

Mkhize says his department will not allow the losses of council’s funds to hamper service delivery for the residents of affected municipalities

At the weekend G20 summit in Argentina, China agreed to designate any type of fentanyl as controlled substances. (Joshua Lott/Reuters)

State eyes Transnet debt

But Public Enterprises Minister Pravin Gordhan is ‘confident’ talks with the SOE’s lenders will end well

Robert Madzonga. (Delwyn Verasamy/M&G)

Three VBS execs provisionally sequestrated, Vele liquidated

The sequestration and liquidation matter, which is ongoing, is being heard in the Johannesburg high court on Tuesday

The bulk of the irregular expenditure — or R6.5-billion — came from modifications to contracts in the procurement process, according to the company’s acting chief financial officer Calib Cassim. (Delwyn Verasamy/M&G)

Eskom reveals billion rand losses in annual financial results

Eskom’s irregular expenditure, identified under the terms of the Public Finance Management Act, rose to just under R20-billion

The chairperson of VBS Mutual Bank

Power struggle rocks VBS bank’s main shareholder

Two Vele Investments bigwigs are at the heart of a power struggle as the VBS fraud saga continues

“We overly relied on the audited financial statements [of VBS],” said Kuben Naidoo.

Reserve Bank: No guarantee municipalities will get VBS money back

The standing committee on finance held a briefing on progress made on VBS Mutual Bank, since it was placed under curatorship in March

IDC appoints new auditors after dumping KPMG

This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC

KPMG South Africa stands accused of advancing state capture and has come under immense pressure.

KPMG to review all work over the last-year-and-a-half

The beleaguered auditing firm has launched a large-scale review of all work done in last 18 months

Tshifhiwa Matodzi, Andile Ramavhunga and Mduduzi Ndzingi (Gallo Images/Sowetan)

VBS Mutual Bank ‘severely mismanaged’ – SARB affidavit

SizweNtsalubaGobodo says there is reason to believe there has been fraudulent reporting and manipulation of financial information

Pay up: Production halted at Gupta-linked VR Laser as workers picketed for their August wages.

Gupta firms sail close to the wind

With no access to banking, the family is heading into a financial storm. But it has a few lifeboats yet

The Solidarity report speculates that it’s “questionable whether South Africa’s economy can continue to recover given a weak export environment

Eskom lashes out at media, saying it is not broke

The Sunday Times published an article saying, according to financial statements it had seen, Eskom only had enough money to last approximately 90 days

Buoyed by the herd: Consummate dealmaker Ntuthuko Shezi claims to offer investors an annual return on their investment that is far higher than they would currently get on the JSE. Photo: Lutendo Malatji

The next big investment opportunity? Cows could outperform the JSE

A novel crowd-farming venture is offering a way to make money till the cows come home.

Cosatu general secretary Zwelinzima Vavi. (Madelene Cronje, M&G)

Death of investigator delaying Vavi corruption report

The murder of a senior investigator at an auditing firm has delayed a report into allegations of corruption against Zwelinzima Vavi, says a report.

Hunt still on for audit firm director’s killers

Police say the motive for yesterday’s shooting which killed Lawrence Moepi, a forensic services director at an auditing firm, is still unknown.

The former head of the National Prosecuting Authority

ANC interference prompts Pikoli sacking

The former head of the National Prosecuting Authority, advocate Vusi Pikoli, finds himself unemployed again because of political interference.

Transnet coup a ‘major milestone’ for audit profession

Transnet coup a ‘major milestone’ for audit profession

Awarding a R350-million Transnet contract to a black-owned firm is a major step in transforming the auditing profession, says minister Malusi Gigaba.