KPMG also plans to dismiss Jacques Wessels, the lead partner on audits of Gupta-linked firms, it said.
Future SA further called on KPMG to report all instances of money laundering, tax evasion, and infringements of South African law and regulations they had discovered in their review to law enforcement authorities and regulatory bodies as required under the law, especially the Prevention and Combatting of Corruption Act (PRECCA), the Financial Intelligence Centre Act (FICA), and the Public Finance Management Act (PFMA) and make the reports of their review public.
She said: "I want to apologise to the public, our people and clients for the failings that have been identified by the investigation". Its lightest sanction is a caution or reprimand; the heaviest would be removal from the auditors' register, which would have a devastating impact on KPMG's African business.
"Over time, the full measure of the damage caused to Sars arising from the KPMG report has manifested itself in a tarnished reputation for the institution, questionable independence, and lower levels of compliance with tax and customs law".
Brothers Ajay, Atul and Rajesh Gupta have interests in computer, mining, media, travel, energy and technology and employ around 10,000 people through their company Sahara Group.
The turmoil at KPMG follows the placing into administration of the British arm of Bell Pottinger on Tuesday, after clients deserted it because of a backlash over a racially charged political campaign it ran for the Guptas.
The others include consultancy firm‚ McKinsey‚ business systems company‚ SAP and disgraced United Kingdom public relations firm‚ Bell Pottinger.
McKinsey is carrying out its own investigation, but has denied wrong-doing.
On his birthday, Prime Minister Narendra Modi will dedicate Sardar Sarovar Dam to the nation at Kevadia in Gujarat tomorrow. Majority of the work related to Narmada project was completed during the years that our party was in power.
Because of the plea, jurors on Friday were examining only whether she was legally responsible because of mental illness. They noted Weier didn't clearly tell anyone she was afraid of Slender Man until after the stabbing.
The new uniforms will be worn for the first time on November 24, when the team takes on the Charlotte Hornets in Cleveland. These black jerseys will be available for $110 as a replica Swingman jersey or $200 as an Authentic jersey.
Six patients at a Florida nursing home have died after spending days without air conditioning following Hurricane Irma . Rick Scott said he was "absolutely heartbroken" over the deaths, calling the situation "unfathomable".
The remarks made by the Iranian officials followed Trump blaming Iran for not fulfilling the deal's " spirit ". The other signatories of the Iran nuclear pact are Russia, China, the United Kingdom, France, and Germany.
On Thursday when he met with reporters in the Falcons' locker room, Jones said he wasn't concerned about his stats. The Packers have actually faced three reigning MVPs before in the McCarthy era, but they were all running backs.
All that can really be said at this point is stay tuned, because this year's rollercoaster in Minnesota is just getting started. The Vikings gave Sloter $20,000 per week to get him on the practice squad after the Broncos released him.
That clock is set to run out before the end of this month, and the administration has not indicated yet what it will do next. Nick Timothy , former chief of staff to British Prime Minister Theresa May also branded the U.S. leader's tweet "unhelpful".
Texas A&M QB Jake Hubenak to Miss UL-Lafayette Game
Seems like it's just another week in College Station, we'll continue to monitor the situation to see if it improves. In the last four years (which includes the last year of the Manziel era), the Aggies are 15-17 in conference play.
President Trump Reneges Paris Agreement Withdrawal
White House aides said the administration would withdraw from the Paris accord using the process laid out in the agreement. The Paris Agreement is not legally binding, and there is no enforcement mechanism. "Not what we need", he said .
NY Gov. Cuomo surveys damage in US Virgin Islands
Thomas to help with security on the island. "God forbid, something happens in NY , we'll have them on the first aircraft back". Cuomo surveyed damage from the air before touring a damaged apartment building and meeting with Virgin Islands Gov.
Five dead in Florida nursing home
The outages range from the coast to far inland cities such as Charlotte and Asheville in North Carolina and Greenville in SC . In Hollywood , the Rehabilitation Center said the hurricane had knocked out a transformer that powered the air conditioning.