The Uplifted Life Society hosted its third annual open day.
Wits Hockey Club embark on development project for underprivileged athletes (more…)
A collaboration between The School of Education and School of Therapeutic Sciences, eZone promises to offer 21st century learning. (more…)
Wits Student Programme in Law and Society seminar by chairperson of Oxfam South Africa, Mazibuko Jara called for better and sustainable land reform.
KPMG South Africa has been under heavy criticism recently after the auditing firm retracted conclusions and findings of a report conducted for the South African Revenue Services (Sars) following an internal investigation. Finance students have been urged to use the KPMG controversy as a case study for their future careers in the financial services sector. (more…)
THE WITS management council is reviewing its relationship with audit company KPMG.
An online campaign started last week calling on the chairpersons of the internal audit committee and the council to honour its commitment to social justice and sever ties with KPMG as the university’s auditor.
According to Koketso Moeti, the founder of Amandla.mobi, where the petition is hosted, the initiators of the campaign preferred to remain anonymous.
A researcher at the Gauteng City-Region Observatory (a partner of Wits), who signed the petition, said that it is important that people sign. “At this time all organisations should decide what they stand for and who they stand with in society, and Wits needs to do the same,” he said.
In the petition, Wits is asked to join organisations such as investment management company Sygnia, energy investment company Hulisani, and financial services firm Sasfin, among others, in letting go of the services of KPMG and to introduce a policy of ethical procurement.
According to Deputy Vice-Chancellor Tawana Kupe, the university’s official external auditors are PriceWaterhouse-Coopers, but Wits secures its internal audit functions from KPMG.
University officials have been engaging with KPMG, and an announcement will be made next week [this week],”said Kupe, in a note sent out late last Friday.
Minister of Finance Malusi Gigaba said in a statement last week that the events surrounding KPMG have weakened the reputation of good governance and audit independence in a major division in our economy.
He also said, “As a measure to restore confidence in audits, all of government and its entities must consider reviewing their work programmes with KPMG.
KPMG has recently come under fire following a report, based on emails posted by investigative journalism non-profit amaBhungane, for failing to oppose the irregular treatment of the Gupta wedding expenses in 2014.
The emails showed that KPMG was aware that Gupta owned companies were classifying wedding costs as business expenses, which could be deducted for tax purposes, but did not raise concerns.
Eight senior executives, including CEO Trevor Hoole, resigned and KPMG
has announced that a full, independent investigation into its South African branch’s dealings with the Gupta family, and its involvement with a controversial South African Revenue Service report will be conducted by a “senior South African legal figure, who is completely independent of both KPMG South Africa and KPMG International”.
The petition demanding that Wits withdraws from any dealings with KPMG had reached 84 out of 100signatures at the time of going to press on Thursday.
Wits Vuvuzela, September 2017, Four-year LLB limbo
Wits Vuvuzela, March 2015, Incoming Accounting School Council hopes to prioritise the well-being of accounting students
Decriminalising sex work in South Africa (more…)
PHOLA Coaches workers who claim they have been unfairly dismissed are calling for their reinstatement as well as to be included in Wits’ insourcing plan.
The SRC organized a fundraiser to seek funding from major donors to assist with the current student funding crisis. (more…)
Wits University’s oldest residence, Men’s Hall of Residence, will be slaughtering a cow to celebrate their 95th birthday on September 29.
“We are ready for Ramaphosa”, sang protesters in support for the current deputy president of South Africa during the #Cosatustrike.
Organisers are looking for a new, larger, venue so the show can go on.