READER LETTER | Tshwane finances story an affront to Banda

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READER LETTER | Tshwane finances story an affront to Banda
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The article in the Sowetan about Tshwane’s financial mess (January 5) refers. The article is undoubtedly in poor taste. It was clearly written by a junior reporter who could not resist a scoop from the DA-run metro council without proper research and objectivity. The leaking of an audit report, which has not even been discussed at a council meeting, shows a hidden and malicious agenda.

The article in the Sowetan about Tshwane’s financial mess refers. The article is undoubtedly in poor taste. It was clearly written by a junior reporter who could not resist a scoop from the DA-run metro council without proper research and objectivity.

The leaking of an audit report, which has not even been discussed at a council meeting, shows a hidden and maliciousThe reporter has no basic understanding of the International Financial Reporting Standards underpinning the preparation of financial statements, otherwise he would not be ridiculing the dismissed CFO Umar Banda.

Your reporter has not made any distinction between accounting errors and fraud in his report. Banda is one of the best black CFOs in the country. I worked with him at KPMG during our training as chartered accounts . His CV is impressive and he passed his board exams in his first attempt. The Sowetan should be writing this story with deep caution instead of recklessly castigating an icon to many aspiring black children who want to qualify as chartered accountants.

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