Auditors in South Africa and elsewhere are under the spotlight for failing to expose corporate frauds. South African multinational Steinhoff teetered on the brink of collapse after German authorities revealed they were investigating irregularities in late 2017 - yet well-established elaborate schemes underpinned the financial jiggery-pokery. And, SA taxpayers have been wondering where the auditors were in the state capture years under former president Jacob Zuma. Earlier this year, finance minister Tito Mboweni dissolved the country’s scandal-wracked audit body watchdog, Independent Regulatory Board for Auditors - which was run by audit professionals who failed to notice irregularities under their noses. Earlier this week, Deloitte Africa CEO Lwazi Bam hosted a fireside chat with Sir Donald Brydon, author of the Brydon Report, which is influential in debate on audit reforms globally. Sir Donald Brydon was at pains to note that it is not only up to auditors to spot fraud: shareholders, directors and regulators should take more responsibility. Chairman of the SA Institute of Chartered Accountants and Deloitte CEO Lwazi Bam spoke to Jackie Cameron, for BizNews, about the Brydon report and what it might mean for detecting fraud at listed companies in future.

groundWork's Robby Mokgalaka, represented by the Centre for Environmental Rights, unpacks the High Court ruling against the Khanyisa coal power station.

TreasuryOne currency analyst Andre Cilliers breaks down the driving forces behind the rand's momentum since the beginning of the year. The commodity super cycle has played an integral role in that and if the commodity boom can continue, the rand has legs to drive even stronger.

Pandemics analytics and data (PANDA) co-founder Nick Hudson was the flagship guest of last night's BizNews Power Hour, outlining the hidden agendas that have been at play within governments and institutions since the advent of the coronavirus pandemic.

Local and offshore market movements and recap for the day.

In this episode of the BizNews Power Hour, Alec Hogg is joined by co-host Piet Viljoen, PANDA co-founder Nick Hudson on the leaked Dr. Fauci emails, Andre Cilliers from TreasuryOne on rand strength and where to from here and Robby Mokgalaka from groundWork on the high court level regarding the Khanyisa coal power station.

* The ANC plans to change the constitution to make it easier to seize land without paying but this week hit a stumbling block, reports Bloomberg.

* S&P Global has affirmed SA's rating, three notches below investment grade.

* The UK Government has requested extra doses of the AstraZeneca Covid vaccine developed against the South Africa variant.

* The National Prosecutions Authority (NPA) on Thursday said it applied to the International Criminal Police Organization (Interpol) to assist with the execution of arrest warrants for two Gupta brothers and their wives, reports EWN.

Ted Black - an independent thinker and author of "Who Moved My Share Price?" - joined the BizNews Power Hour for a discussion with BizNews founder Alec Hogg. Black, who is regularly published on BizNews, discussed his latest article which tackled the relationship between Prosus, Naspers and Tencent.

Corion Capital (ex-Brait multi-management) releases a monthly report which includes asset class and fund performance returns. The detailed report is a great high-level summary of performance. David Bacher, the CIO of Corion Capital, formed part of last night's BizNews Power Hour to discuss the winners and the losers for the month of May.

Purple Group founder Mark Barnes is selling his 17.5% share in the company. Barnes unpacks the deal for the BizNews Power Hour, telling host Alec Hogg that he will remain a significant investor in Purple Group.