Mantengu disputes auditor claim of R58.3 million deferred tax overstatement

Reuters2026/08/27 12:20

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Mantengu disputed HLB’s reassessment that its deferred tax asset was overstated by about ZAR 58.3 million in FY2026 statements.
The board said it calculated deferred tax positions separately for each statutory entity, rejecting claims it used a group-level assessment.
HLB withdrew its audit report, flagged a reportable irregularity, then resigned with immediate effect.
The company said the issue was a judgment on future taxable profits, not a basis to retract the full audit opinion.
Management plans legal advice, JSE engagement, then appointment of a new auditor; shareholders were to be briefed at today’s AGM.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mantengu Ltd. published the original content used to generate this news brief via SENS, the regulatory disclosure system operated by the Johannesburg Securities Exchange (JSE) (Ref. ID: S602250), on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Mantengu disputes auditor claim of R58.3 million deferred tax overstatement

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