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Developments at KPMG erode good governance: Minister

Finance Minister Malusi Gigaba says developments involving KPMG has undermined the reputation of good governance and audit independence in one of the key sectors and institutions in the South African economy. “These developments further threaten to undermine our efforts in reinforcing confidence ...
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KPMG auditing practices a concern: Reserve Bank

The Reserve Bank on Thursday expressed concern at the “regrettable” auditing practices involving KPMG. “The South African Reserve Bank [SARB] has noted with concern the regrettable auditing practices and serious errors of judgment that occurred at KPMG, which led to enormous damage ...
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De-risking and fiduciary duty

Sanlam’s Institutional Insights conference offers top global perspectives to guide fiduciaries   Johannesburg: In a landscape of continuous change and disruption, and in an investment environment marked by low growth and geopolitical instability, retirement fund trustees have to find ...
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Repo rate remains unchanged at 6.75%

The repo rate will remain unchanged at 6. 75% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday. “Given the heightened uncertainties in the economy, the Monetary Policy Committee (MPC) felt it would be appropriate to maintain the current monetary policy stance at this stage, and ...
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Too many eggs in one basket?

“Catch-22 is any paradoxical, circular reasoning that catches its victim in its illogic and serves those who have made the law. ” One of the options in the Merriam-Webster dictionary reads: “A situation presenting two equally undesirable alternatives. ” At times, these ...
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From The Glossary »

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Pension Funds Act (1956):

This is the legislation governing the retirement fund industry. This Act was drafted in 1956 and has been amended periodically since then. The Act is in the process of being redrafted.
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