Alexander Forbes board accepts Moses Kgosana's resignation

It is reported that Moses Kgosana has resigned from his position at Alexander Forbes, after being implicated in the #GuptaLeaks Emails.

Kgosana was due to become chairman of Alexander Forbes from 31 August.

It is revealed that Kgosana was CEO and senior partner of KPMG in 2013.

The company is believed to be complicit in allowing the Gupta family's over R30 million lavish sun city wedding bill to be paid for by South African taxpayers in 2013.

Read: #GuptaLeaks: KPMG audited Gupta company that laundered money for big wedding

All this was revealed in an investigative report by Amabhungane. A journalist with Amabhungane, Craig Mckune, confirms that Moses Kgosana was indeed CEO at KPMG in 2013 and attended the Gupta wedding. He says the emails trails shows that Kgosana had a very cosy relationship with the Guptas.

Group Chief Executive of Alexander Forbes, Andrew Darfoor, says they welcomed a difficult decision made by Kgosana to tender his resignation after he has been with the company since 2015.

For us three things are important - trust, brand and reputation.

Andrew Darfoor, Group Chief Executive of Alexander Forbes

Read: Kgosana admits to emailing Atul Gupta, says he did nothing wrong

Moses indicated to us that he wanted to address these allegations head on and couldn't do say while serving as chairman elect at Alexander Forbes.

Andrew Darfoor, Group Chief Executive of Alexander Forbes

It's a very principled decision he took which puts the interest of our clients and shareholders first. It means now we can move forward with clarity and certainty on this matter.

Andrew Darfoor, Group Chief Executive of Alexander Forbes

Darfoor says there was no push from the board that led to Kgosana to make this decision. He says Kgosana is a principled man of high integrity and he instigated the decision, the board just simply accepted.

Sello Moloko will remain as chairman of Alexander Forbes until further notice.

To hear more of this interviews, please listen below:


Recommended

by NEWSROOM AI

702 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 702 community a safe and welcoming space for all.

702 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.

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

Read More
#GuptaLeaks: KPMG audited Gupta company that laundered money for big wedding

#GuptaLeaks: KPMG audited Gupta company that laundered money for big wedding

According to amaBhungane, KPMG’s dealings with the Guptas leave the impression that the auditor was the family’s lapdog.

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

"After Glencore sold Optimum to the Guptas, Eskom reduced the R2.1 billion fine"

Deputy Editor of the Financial Mail, Sikonathi Mantshantsha says the Gupta-owned mine only had to pay 10% of the initial fine.

'Irregular expenditure by Government robs social grant recipients of R233/month'

'Irregular expenditure by Government robs social grant recipients of R233/month'

Government’s irregular spending is robbing the poorest South Africans of R233 each and every month, says KPMG’s Deborah Tickle.

4 widely held (yet patently false) beliefs about SA’s interest rate policy

4 widely held (yet patently false) beliefs about SA’s interest rate policy

The Money Show’s Bruce Whitfield interviews KPMG Economist Maura Feddersen.

Brace yourself for higher fuel prices due to junk status

Brace yourself for higher fuel prices due to junk status

How is are South African citizens going to be affected by junk status? Christie Viljoen, economist at KPMG elaborates...

Popular articles
 In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the car feature, our very own car guy Tumelo Maketekete shares some tips and tricks to buying a car on a R100 000 budget.

Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[WATCH] Dad uses a drone to pull out son's tooth

[WATCH] Dad uses a drone to pull out son's tooth

Khabazela shares YouTube videos gone viral including a barmaid hitting a colleague who slapped her rear during a routine.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

'Citizens have a right to ask for identification from police during a roadblock'

'Citizens have a right to ask for identification from police during a roadblock'

Major General Michael Mohlala explains the procedure of conducting a roadblock and what to do when you are stopped.

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

The Money Show’s Bruce Whitfield interviews Mtongana about her attitude to money (hopes and fears, successes and failures, etc.).