On Thursday, Business Leadership South Africa (BLSA) announced it has suspended the membership of both Eskom and Transnet as a result of ongoing allegations of corruption against the state enterprises.
Transnet has, however, accused the organisation of spreading misleading information, claiming it was not pushed but left BLSA in an effort to cut costs.
BLSA's CEO Bonang Mohale says this is a cop-out.
It's a weak cop-out...clearly they are either tone deaf or they are not getting the fact that our biggest challenge confronting us today is state capture and they are bang in the middle of it.— Bonang Mohale, BLSA CEO
When we ask and raise these questions, then 9 August they write us an email and say oh by the way we have decided we do not want to renew our membership, what were they expecting us to do? All this work we had done engaging and interfacing with them and South Africa should be swept under the carpet?— Bonang Mohale, BLSA CEO
They were still our members when we relaunched the new BLSA strategy, when we took an anti-corruption oath.— Bonang Mohale, BLSA CEO
Last week the organisation suspended decided to suspend the membership of KPMG saying they are deeply concerned with the firms unethical and unprofessional conduct.
Mohale says the the BLSA has a duty and obligation to act morally.
We are saying to KPMG you should have known when the issues were raised over many years, when your report was used to get rid of good individuals.— Bonang Mohale, BLSA CEO
All of us issue or commission reports every single time, I have never seen a report that cost R 23 million, something should have rung the alarm bells in KPMG international.— Bonang Mohale, BLSA CEO
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This article first appeared on 702 : Transnet's defence over BLSA suspension 'a cop-out' - Bonang Mohale