Mantengu disputes auditor claim of R58.3 million deferred tax overstatement
Reuters2026/08/27 12:20- 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.
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