SA anti-corruption campaign targets KPMG and McKinsey
KPMG faces criticism and its clients being urged to sever ties with the firm over its alleged involvement in controversial business deals in South Africa. The Save South Africa campaign says the company risks "becoming the Bell Pottinger of the auditing profession." It accuses KPMG of being involved in numerous deals by members of the Gupta family, which has faced widespread public criticism amid accusations of corruption in their links to President Zuma's government. McKinsey is also now under scrutiny as its South African operation stands accused of turning a blind eye to corrupt payments made to the Guptas by one of its clients, Eskom.
Campaign call on corporates to urgently review business relations with auditing firm

KPMG could be the next Bell Pottinger

The Save South Africa campaign calls on corporate South Africa to urgently review business relations with KPMG in light of ongoing revelations about the audit firm’s central role in facilitating state capture -- and to cancel their contracts where possible.

We support demands by other civil society organisations, including FutureSA, for ongoing action and pressure against KPMG, as well as full investigations by regulatory bodies into their relationship with the Gupta family.

Organised business, including formations such as Business Leadership South Africa and Business Unity South Africa, must take a clear stand given that many corporates continue to use KPMG as their auditors despite the revelations. These include British American Tobacco, BHP Billiton and other mining companies, a number of leading financial institutions – including Standard Bank, Old Mutual, Barclays Africa, Absa, Investec and Nedbank – and the JSE itself.

(A full list of South African companies using KPMG for auditing services is published here: http://www.biznews.com/global-investing/2017/08/10/kpmg-gupta-state-capture/)

KPMG was clearly a central player in several controversial Gupta deals, including the acquisition of Optimum coal mine and Shiva uranium mine. It was also involved in “auditing” Linkway Trading‚ which channeled R30m in public money to fund the Gupta wedding in Sun City, and helped Duduzane Zuma and the Guptas set up shop in Dubai by advising on investments and company formation there.