Unaccountabe 00018: KPMG – At the heart of state capture

The Big Four auditing firms – Deloitte, EY, KPMG and PwC – played a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry is thus essential. In July, Open Secrets released the latest Corporations and Economic…

Justice for apartheid economic crime: Start with the bankers

Justice for apartheid economic crime: Start with the bankers Today many civil society organisations jointly call on the National Prosecuting Authority (NPA) to crack down on corporations who assisted the apartheid state and profited from economic crimes under apartheid. To date they have escaped any accountability for their crimes in supporting and sustaining apartheid –…

Steinhoff: in the dark, still

Michael Marchant | Business Live | 27 August 2020 | Nearly three years after Steinhoff’s finances were exposed as a sham and the company lost nearly all its value overnight, it is offering shareholders and former partners a settlement agreement. Facing legal claims for over R130bn, Steinhoff’s management is proposing a R16bn settlement, payable in…

Unaccountable 00017: EY – incompetent, negligent or criminal?

The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential. In July, Open Secrets released the latest Corporations…

Why we have complained to the Chief Justice about Judges Willie Seriti and Hendrick Musi

Open Secrets & Shadow World Investigations | Daily Maverick | 20 August 2020 |  Our complaint has been submitted in line with the Judicial Services Act which allows for complaints to be filed where judges are guilty of either ‘gross misconduct’ or ‘gross incompetence’, among other things. We have submitted a complaint to the Chief…

Health Justice Initiative (hji) and Open Secrets admitted as joint amici (friends of the court) in Competition Appeal Court – involving Dis-Chem & the Competition Commission (pricing of face masks for COVID-19)

Media Release | 19 August 2020 |hji and Open Secrets Health Justice Initiative (hji) and Open Secrets admitted as joint amici (friends of the court) in Competition Appeal Court – involving Dis-Chem & the Competition Commission (pricing of face masks for COVID-19)   On 11 August 2020, the Health Justice Initiative (hji) and Open Secrets…

Unaccountable 00016: Deloot – How Deloitte gets away with it

The ‘Big Four’ audit firms – Deloitte, EY, KPMG and PwC – all play a systemic role in economic crimes and State Capture. The evidence suggests that these firms have prioritised profit over professional duties and the law. Accountability and reform of the industry are thus essential. In July, Open Secrets released the latest Corporations and…