“As part of re-establishing trust with Sars, the issue of reparations came up that KPMG should contribute to reparations and the healing of those people, and that has been agreed. We recognise that it’s a matter of time,” said KPMG SA chair Wiseman Nkuhlu.
In 2014 suspended former SARS head Tom Moyane hired KPMG SA to conduct a forensic investigation into an intelligence unit within the revenue service. The report KPMG produced suggested that the unit was breaking the law by using illegal methods and was therefore rogue in nature, and dozens of senior SARS employees were dismissed.
Kulula, BA may fly by December after rescue plan was approved
Comair’s business rescue plan has been approved, which will see several former Comair board members and executives invest fresh equity of R500 million in return for a 99% shareholding in the airline.
Comair – which owns Kulula and manages British Airways in South Africa – expects that it should resume flights in December, Fin24 reports.
Its workforce will reduce from 2,200 employees to 1,800 through voluntary retrenchment and early retirement programmes.
Govt to ‘reprioritise’ money to save SAA
Minister of Public Enterprises Pravin Gordhan says government will provide initial funding to cover certain restructuring costs for SAA.
Gordhan says government will “reprioritise” money from the national budget, Bloomberg reports. Finance minister Tito Mboweni earlier refused to commit money to save the debt-laden airline, but a series of cryptic tweets on Sunday night could indicate that he lost the battle: