State capture allegations have left a huge mark against KPMG - Brown

Political analyst Karima Brown says KPMG is now feeling the heat after the announcement that the Institute of Directors has temporarily suspended all co-branded activities with the firm.

The firm suffered another blow amid allegations that it helped siphon taxpayer's money to pay for a lavish Gupta family wedding at Sun City, which led to Sygnia cutting ties with the firm.

READ: Why Sygnia fired KPMG

The board of the Institute of Directors in Southern Africa has released a statement saying it's suspending events with KPMG, meaning the audit firm's sponsorship of its golf day next month has been cancelled.

I think KPMG is actually going to feel the heat.

Karima Brown, political analyst

And of course we need the investigations and the arrests so that one can actually get to the full extent to which KPMG may or may not have assisted the Gupta's in laundering or siphoning money.

Karima Brown, political analyst

I think the other thing we must not forget is KPMG's role in the so called rogue unit at Sars, that has also left a huge mark against it's name.

Karima Brown, political analyst

Click on the link below to listen to the full audio.....


This article first appeared on 702 : State capture allegations have left a huge mark against KPMG - Brown


Recommended

by THE NEWSROOM

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
No certainty if strange stone originates from outside the solar system

No certainty if strange stone originates from outside the solar system

In 2013 researchers announced the 'Hypatia' stone found in the south-west of Egypt, was most certainly not from Earth.

[LISTEN] ANC's proposed land expropriation explained

[LISTEN] ANC's proposed land expropriation explained

The Institute of Race Relations explains the confusion around the proposed amendment to Section 25 and how this affects property.

Institute of Directors  breaks off ties with KPMG, pending outcome of probe

Institute of Directors breaks off ties with KPMG, pending outcome of probe

The Institute of Directors has temporarily suspended all co-branded activities with the auditing firm KPMG.

KPMG under fire for alleged role in state capture

KPMG under fire for alleged role in state capture

The Money Show’s Bruce Whitfield interviews Pan-African Investments and Research Services CEO Dr Iraj Abedian.

There is no sign of remorse from KPMG -  Sygnia CEO

There is no sign of remorse from KPMG - Sygnia CEO

Sygnia has decided to fire KPMG over its alleged role in state capture.

Why Sygnia fired KPMG

Why Sygnia fired KPMG

Sygnia CEO Magda Wierzycka says at the very least KPMG fees from Gupta linked companies are blood money stolen from SA taxpayers.

Popular articles
[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

[LISTEN] DA objects to Gigaba delivering #Budget2018 speech after court order

Members of Parliament object to Finance Minister Malusi Gigaba delivering budget 2018.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

Missing Cape Town couple's vehicle found north of Durban

Missing Cape Town couple's vehicle found north of Durban

Hawks spokesperson says the couple has not yet been located and their names will not be released as yet.