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:


Recommended

by NEWSROOM AI
Read More
Saica to launch KPMG probe (not so fast, says IRBA)

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

The Money Show’s Bruce Whitfield interviews newly appointed KPMG SA CEO Nhlamu Dlomu and IRBA CEO Bernard Agulhas.

KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

'KPMG must fall, it's as simple as that' - caller

'KPMG must fall, it's as simple as that' - caller

In the wake of recent allegations, Eusebius McKaiser asks listeners what should happen to KPMG in South Africa.

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

The Money Show’s Bruce Whitfield interviews KPMG South Africa CEO Nhlamu Dlomu.

Can KPMG employees sue the company for job losses?

Can KPMG employees sue the company for job losses?

The future of KPMG employees hangs in the balance after big clients dropped the company over its questionable conduct.

Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.

Sasfin Holdings cuts ties with KPMG after 18 years

Sasfin Holdings cuts ties with KPMG after 18 years

CEO of Sasfin Holdings Roland Sassoon confirmed that it has dropped KPMG as their auditing firm and put its audit up for tender.

KPMG called before Parliament to account for "unethical" behaviour

KPMG called before Parliament to account for "unethical" behaviour

The audit firm needs to account after it withdrew its report into the so-called “rogue unit”.

ANC MP defends presence at SARS briefing, apologises

ANC MP defends presence at SARS briefing, apologises

Scopa's s ANC study group whip Mnyamezeli Booi says he is sorry for the impression created by his presence at the briefing.

Retracted KPMG report does not vindicate axed Sars officials, group exec argues

Retracted KPMG report does not vindicate axed Sars officials, group exec argues

Sars group executive for employment relations, Luther Lebelo says former Sars employees were charged before the report came out.

Popular articles
[LISTEN] 'Zuma's  affidavit in aid of Tom Moyane is a fascinating move'

[LISTEN] 'Zuma's affidavit in aid of Tom Moyane is a fascinating move'

Journalist at Daily Maverick’s Investigative Team Scorpio Pauli Van Wyk shares her take on this development.

Momentum to pay all violent crime claims, regardless of previous medical history

Momentum to pay all violent crime claims, regardless of previous medical history

The Money Show’s Bruce Whitfield interviews Johann le Roux, CEO at Momentum Life.

Plans to deny foreign children birth certificates violates Constitution - group

Plans to deny foreign children birth certificates violates Constitution - group

Lawyers for Human Rights says government's bid to discontinue birth certificates for foreign children born in SA is unlawful.

Bara doctor takes medical aid to court for denying him 'pricey' cancer treatment

Bara doctor takes medical aid to court for denying him 'pricey' cancer treatment

Dr Sipho Bvuma says Gems has refused to pay for his expensive brain cancer treatment, which he believes will prolong his life.

[WATCH] An  excruciating moment as  woman jumps into frozen lake...ouch!

[WATCH] An excruciating moment as woman jumps into frozen lake...ouch!

Khabazela shares tweets and Facebook posts that have gone viral.

'Momentum did nothing wrong, legally. But the man died protecting his family!'

'Momentum did nothing wrong, legally. But the man died protecting his family!'

The Money Show’s Bruce Whitfield interviews consumer journalist Wendy Knowler.

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Financial Mail Editor Rob Rose talks about his book, “Steinheist: Markus Jooste, Steinhoff and SA’s biggest corporate fraud”.

6 dumbest things people in their 20s do with money

6 dumbest things people in their 20s do with money

Sam Beckbessinger, the author of “Manage Your Money like a F*cking Grownup,” has some tips, so you don’t have to live with regret.