Audit firm Nkonki blames media for biting the dust after losing Govt contracts

Our company is largely dependent on public sector work… [only] 20% comes from the private sector…

Thuto Masasa

They [Nkonki Sunninghill] have taken responsible steps, and so will the partners in the remaining firms.

Willem Oberholzer

[Jessie Jackson said] When you’re black you’ve got to be better… and I believe that now! We were never given a chance to do anything to prove that the transaction was something apart from Nkonki… KPMG were given 10 months, a long time, to justify what they have done…

Dr Steven Firer

Disgraced audit firm Nkonki Inc. is voluntarily liquidating its Sunninghill office, and blaming the media for its woes.

Last week on The Money Show, Auditor General Kimi Makwetu explained why Government has cancelled its contracts with Nkonki.

Bruce Whitfield interviewed Nkonki Inc CEO Thuto Masasa.

He also spoke to Nkonki's Willem Oberholzer and Dr Steven Firer.

They discussed Nkonki’s liquidation, and where it leaves the rest of the business; can it survive?

Firer, especially, was livid.

He was emotional when sharing his disappointment in the implosion of Nkonki.

Listen to the interviews in the audio below (and/or scroll down for more quotes from it).

If one sounds emotional, please excuse me…

Thuto Masasa

…It came as a shock for us as a business…

Thuto Masasa

At this stage it’s still an allegation… The transaction was between three parties… One is not privy to say what the details of the transaction were… All we’re picking up is what’s being said in the media…

Thuto Masasa

We do understand the stature that comes with him [Auditor General Kimi Makwetu]… He did say the termination is not a judgement…

Thuto Masasa

I’m feeling very angry… and a little ashamed in the accounting profession in how silent it is… the silence is deafening…

Dr Steven Firer

You can’t blame the press… it’s the leaders of our profession that has let us down completely… he [Auditor General Kimi Makwetu] didn’t act irrationally, but I do think it’s premature…

Dr Steven Firer

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