Statistics for companies analysed 2017–2022
| Company | Number of times audit firms rotated | PearsonsX2 | df (degrees of freedom) | p-value | Cumulative % of inertia presented |
|---|---|---|---|---|---|
| Broadline retailers | |||||
| HomeChoice | 0 | 27.6 | 30 | 0.594 | 89.4 |
| Nictus | 1 | 115 | 15 | < 0.001** | 99.7 |
| Pepkor | 1 | 36.8 | 30 | 0.182 | 83.6 |
| Steinhoff | 1 | 99.5 | 36 | < 0.001** | 83.1 |
| Woolworths | 1 | 40.2 | 30 | 0.101 | 87.4 |
| Computer services | |||||
| Altron | 1 | 52.6 | 30 | 0.007** | 91.1 |
| AYO | 1 | 38.2 | 24 | 0.033* | 98.2 |
| Adapt IT | 1 | 20.7 | 20 | 0.412 | 96.9 |
| Capital | 0 | 29.6 | 20 | 0.076 | 91.8 |
| Cognition | 1 | 43 | 25 | 0.014* | 92.2 |
| Datatec | 1 | 89.8 | 25 | < 0.001** | 90 |
| Etion | 0 | 73.8 | 25 | < 0.001** | 82.4 |
| EOH | 1 | 64.7 | 30 | < 0.001** | 92.1 |
| ISA | 1 | 135 | 30 | < 0.001** | 81.3 |
| Jasco | 2 | 19.5 | 30 | 0.928 | 91.1 |
| Prescient | 1 | 119 | 30 | < 0.001** | 94.5 |
| Sebata | 0 | 46.8 | 25 | 0.005** | 90.5 |
| Farming, fishing and plantations | |||||
| Astral | 0 | 20.9 | 20 | 0.4 | 91.4 |
| Crookes | 1 | 41.1 | 25 | 0.022* | 95.6 |
| Oceana | 2 | 101 | 30 | < 0.001** | 90.3 |
| Premier fishing | 2 | 62.1 | 25 | < 0.001** | 99.4 |
| Quantum | 0 | 2.43 | 20 | 1 | 99.4 |
| RCL | 0 | 16.3 | 25 | 0.905 | 90.8 |
| SeaHarvest | 1 | 38.4 | 25 | 0.042* | 88.2 |
| Food products | |||||
| AH vest | 0 | 27.4 | 20 | 0.125 | 93.3 |
| AVI | 1 | 27.1 | 25 | 0.352 | 88.1 |
| Libstar | 0 | 8.44 | 12 | 0.75 | 99.9 |
| RFG | 1 | 56 | 16 | < 0.001** | 77.2 |
| TigerBrands | 0 | 45.5 | 30 | 0.035* | 93.5 |
| Tongaat | 0 | 9.57 | 24 | 0.996 | 88.5 |
| Food retailers and wholesalers | |||||
| Bidcorp | 1 | 19.6 | 25 | 0.765 | 71.6 |
| Choppies | 2 | 51.8 | 30 | 0.008** | 89.5 |
| PicknPay | 0 | 33.6 | 25 | 0.116 | 91.7 |
| Shoprite | 0 | 21.3 | 30 | 0.879 | 91.9 |
| Spar | 0 | 43.1 | 24 | 0.01* | 90.7 |
| Industrial and office real estate investment trusts | |||||
| Delta | 0 | 99.5 | 25 | < 0.001** | 92.5 |
| Equites | 0 | 9.92 | 25 | 0.997 | 96.5 |
| Stenprop | 1 | 47.6 | 30 | 0.022* | 82.6 |
| Company | Number of times audit firms rotated | PearsonsX2 | df (degrees of freedom) | Cumulative % of inertia presented | |
|---|---|---|---|---|---|
| HomeChoice | 0 | 27.6 | 30 | 0.594 | 89.4 |
| Nictus | 1 | 115 | 15 | < 0.001 | 99.7 |
| Pepkor | 1 | 36.8 | 30 | 0.182 | 83.6 |
| Steinhoff | 1 | 99.5 | 36 | < 0.001 | 83.1 |
| Woolworths | 1 | 40.2 | 30 | 0.101 | 87.4 |
| Altron | 1 | 52.6 | 30 | 0.007 | 91.1 |
| 1 | 38.2 | 24 | 0.033 | 98.2 | |
| Adapt | 1 | 20.7 | 20 | 0.412 | 96.9 |
| Capital | 0 | 29.6 | 20 | 0.076 | 91.8 |
| Cognition | 1 | 43 | 25 | 0.014 | 92.2 |
| Datatec | 1 | 89.8 | 25 | < 0.001 | 90 |
| Etion | 0 | 73.8 | 25 | < 0.001 | 82.4 |
| 1 | 64.7 | 30 | < 0.001 | 92.1 | |
| 1 | 135 | 30 | < 0.001 | 81.3 | |
| Jasco | 2 | 19.5 | 30 | 0.928 | 91.1 |
| Prescient | 1 | 119 | 30 | < 0.001 | 94.5 |
| Sebata | 0 | 46.8 | 25 | 0.005 | 90.5 |
| Astral | 0 | 20.9 | 20 | 0.4 | 91.4 |
| Crookes | 1 | 41.1 | 25 | 0.022 | 95.6 |
| Oceana | 2 | 101 | 30 | < 0.001 | 90.3 |
| Premier fishing | 2 | 62.1 | 25 | < 0.001 | 99.4 |
| Quantum | 0 | 2.43 | 20 | 1 | 99.4 |
| 0 | 16.3 | 25 | 0.905 | 90.8 | |
| SeaHarvest | 1 | 38.4 | 25 | 0.042 | 88.2 |
| 0 | 27.4 | 20 | 0.125 | 93.3 | |
| 1 | 27.1 | 25 | 0.352 | 88.1 | |
| Libstar | 0 | 8.44 | 12 | 0.75 | 99.9 |
| 1 | 56 | 16 | < 0.001 | 77.2 | |
| TigerBrands | 0 | 45.5 | 30 | 0.035 | 93.5 |
| Tongaat | 0 | 9.57 | 24 | 0.996 | 88.5 |
| Bidcorp | 1 | 19.6 | 25 | 0.765 | 71.6 |
| Choppies | 2 | 51.8 | 30 | 0.008 | 89.5 |
| PicknPay | 0 | 33.6 | 25 | 0.116 | 91.7 |
| Shoprite | 0 | 21.3 | 30 | 0.879 | 91.9 |
| Spar | 0 | 43.1 | 24 | 0.01 | 90.7 |
| Delta | 0 | 99.5 | 25 | < 0.001 | 92.5 |
| Equites | 0 | 9.92 | 25 | 0.997 | 96.5 |
| Stenprop | 1 | 47.6 | 30 | 0.022 | 82.6 |
* - Statistically significant at p < 0.05 level ** - Statistically significant at p < 0.01 level