IDC swings to R4.65bn loss, restates prior results
Mining rights and Foskor accounting errors prompted prior-year corrections, while the development financier reported another sharp earnings reversal.
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Mining rights and Foskor accounting errors prompted prior-year corrections, while the development financier reported another sharp earnings reversal.
Bank was told it needs to be cross-examined on its accounting and other defects in case against customer
There’s a lesson here for others in the same situation – always challenge the banks’ accounting.
As a result of its decision to revert to its previous accounting standard.