Business Leadership SA suspends KPMG membership

Public Enterprises Minister, Lynne Brown has instructed Eskom to begin taking legal steps with regards to the Trillian report.

Brown has demanded answers and the power utility handed over a report to her earlier this month which included additional information on deals with the Gupta family.

The minister wants to know why Eskom lied about payments of R1.6 billion to Trillian and consultancy company, McKinsey.

EWN reporter Gia Nicolaides, who has been following the story, tells The Midday Report stand-in host, Ray White that at this stage it unclear who will face charges.

Eskom's CFO Anoj Singh and suspended acting CEO Matshela Koko have been placed on leave pending investigations, she says.

There are a number of people who have been implicated in some way whether it has to do with conflict of interest or corruption.

Gia Nicolaides, EWN reporter

Nicolaides explains that after Brown received her report she criticised Eskom for being tardy in its response. Yet on Thursday, Brown released a statement saying she was pleased with the progress and instructed the power utility to complete necessary preliminary steps before communication.

Also read: Saica to launch KPMG probe (not so fast, says IRBA)

Former Finance Minister Pravin Gordhan and his former deputy Mcebisi Jonas have met with KPMG International chairperson and the newly appointed South African CEO of the firm on Thursday afternoon.

Nhlamu Dlomu who was announced as CEO of KPMG after a leadership shake-up at the firm due to its dealings with the Gupta family spoke with Nicolaides. Dlomu says the auditing firm has to survive to retain jobs.

Gordhan and Jonas met with the international chairperson. The pair say they are completely disgusted and disappointed with KPMG's involvement in the validation of state capture and corruption.

Gia Nicolaides, EWN reporter

Amid the KPMG saga, Sasfin announced that it would terminate its working relationship with the firm while mining firm Gold Fields said it would stay.

Now the board of Business Leadership South Africa (BLSA) has decided to suspend the membership of KPMG. It's CEO Bonang Mohale says they are deeply concerned with the firms unethical and unprofessional conduct that resulted in KPMG becoming party to the state capture project.

To hear more of this interview, listen below:


This article first appeared on 702 : Business Leadership SA suspends KPMG membership


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