"KPMG have confirmed that, with reference to the article on page 1 of today's Business Day containing an alleged extract from KPMG's confidential due diligence report on New Republic Bank conducted on behalf of, and for the sole use of, Mawenzi Resources Limited, the paragraph stating that, quote:"the banking supervision department of the SARB is aware of the non-performing large exposure to MTF (gross R213,8 net R166,7) and has allowed NRB to exclude the exposure from impairing its qualifying capital adequacy"was contained in an early draft report provided to Mawenzi, but was not contained in KPMG's final report dated and issued on 11 January 1999 once it was established that NRB did not have any formally approved capital adequacy dispensation from the South African Reserve Bank". DEPUTY REGISTRAR OF BANKS ​