Wisetech in the spotlight
6/23/202625 min
Today brings tales of Australian business turmoil.
After criticism and pressure, more heads are rolling at KPMG, while one-time tech darling, WiseTech Global, saw its share price pummelled yesterday - hitting a 5 year low following reporting surrounding founder Richard White.
And while this unfolds at home - is SpaceX shaking up business as usual on the stock market internationally?
Carrington Clarke and ABC Chief Business Correspondent Ian Verrender break it all down on ABC Business Daily.
You can read Ian's article on SpaceX here.
And listen to our sister podcast Politics Now, unpacking the Greens' support of Labor's capital gains tax and negative gearing changes, here.
Got a burning business question?
We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.
Clips
Transcript preview
First 90 secondsCarrington Clarke· Host0:00
[upbeat music] ABC Listen. Podcasts, radio, news, music, and more.
Patricia Karvelas0:05
[upbeat music] Hi, I'm Patricia Karvelas, the host of Politics Now. And sometimes it can be hard to cut through all the noise from the Canberra bubble, but on the Politics Now podcast, bursting it wide open is our core business. I'm joined by the brightest minds at the ABC to break down the poli-speak and have a chat about what's actually going on behind the scenes. It's called Politics Now, and you can find it on ABC Listen.
Carrington Clarke· Host0:35
It's a tale of Australian business turmoil as we record today. After criticism and pressure, we have more KPMG heads rolling. And the one-time Australian technology darling WiseTech Global saw its share price pummeled yesterday, hitting a five-year low, in the latest episode of scandal enveloping its founder. Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Ian Verrender· Guest1:04
And I'm Ian Verrender, the ABC's chief business correspondent.
Carrington Clarke· Host1:07
Ian, there's a lot of news that's just hit us before we've sat down to record this. It's around 11:30 AM here in Sydney, but after building pressure, KPMG now has announced that its chairman and two audit partners will be leaving the firm. Now, this follows, obviously, that kind of blockbuster Senate inquiry that we saw on