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 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 –…
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…
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…
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…
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…
Paul Holden | Daily Maverick | 18 August 2020 | The crisis of State Capture and the epidemic of corruption that undermines Covid-19 relief and mitigation efforts, find their roots in the wholesale destruction of the capacity of the state to tackle corruption lest those capacities uncover the full rot of the Arms Deal. South…
CFO Talks Podcast | 17 August 2020 | A recent report released by Open Secrets provides fascinating insight to financial crimes in South Africa’s private and public sector. Open Secrets’ researcher Michael Marchant speaks to CFO Talks.
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…
Open Secrets researcher Michael Marchant speaks to Cape Talk’s Lester Kiewit
