Cape Town Telkom [JSE:TKG] announced on Monday that it would be cutting ties with Nkonki Inc as its joint auditors following developments that have led the latter to undergo voluntary liquidation.
The company said, as per its announcement in August 2017 it was prepared to procure from Nkonki Inc as its external audit services to assist with financial reporting for the period ending in March 2019.
However the company is undergoing voluntary liquidation, following misgivings from the office of the Auditor General Kimi Makwetu on a lack of clarity in their ownership.
In line with the AGs concerns, Sibanye Stillwater [JSE:SGL], ABSA Bank of Barclays Group Africa [JSE:BGA] and Redefine Properties [JSE:RDF] also announced that it woul…
Read the full article at: https://www.fin24.com/Companies/ICT/telkom-cuts-ties-with-nkonki-inc-as-voluntary-liquidation-continues-20180507