The private actors and middlemen in South Africa and elsewhere who profit from state capture in South Africa and other African countries.
Radio 786 | 3 July 2020 | South Africa’s top four auditing companies have been labelled as a cartel. This comes as all four of the firms have been exposed and implicated in audit failure and corrupt dealing. In a special report by Open Secrets titled ‘Corporations and Economic Crime Report’ – it details how…
While the economic impact of Covid-19 will impact KPMG, PwC, Deloitte, and Ernst & Young (EY) like much of the private sector, they are cushioned by years of sustained and avaricious profit-taking.
The auditing industry is in urgent need of serious reform
Zukiswa Pikoli | Maverick Citizen | 19 June 2020 | “In South Africa, the struggle against State Capture and corruption remains part of the struggle for human rights and social justice – we will work hard to ensure that institutions like the Zondo Commission are effective,” insists the Civil Society Working Group on State Capture.…
Dear Judge Zondo, RE: State Capture Commission of Enquiry Hearings During Covid-19 We write to you as concerned members of the Civil Society Working Group on State Capture, which comprises more than twenty civil society organisations. In February 2020, we presented an Agenda for Action to the Commission, which is based on detailed submissions made…
Daily Maverick | 22 May 2020 | In this letter to the president, organisations raise concerns about corruption during the Covid-19 crisis. Dear President Cyril Ramaphosa We, the undersigned organisations, commend you for the decisive action taken over the last few weeks in dealing with the Covid-19 crisis. We note the efforts of the state…
Unaccountable 00009: McKinsey – Profit over Principle By Mamello Mosiana Big consulting firms take no credit and they accept no blame. This philosophy has enabled McKinsey & Company to profit with ease from work with authoritarian regimes, troubled businesses and corrupt state-owned enterprises. In South Africa, their work at Eskom and Transnet on some of…
Unaccountable 00008: FNB & Standard Bank – Estina’s Banks By Michael Marchant The infamous Estina Vrede Dairy Project was supposed to direct public funds to ‘empower’ indigent Free State farmers and develop local agriculture. Instead, almost all of the money was looted to benefit the Gupta enterprise. This week Open Secrets focuses on two of…
Naushina Rahim | News24 | 18 March 2020 The reality of the modern globalised and financialised world is that corruption on a grand scale, along with organised crime and state capture, is enabled by skilled professionals, including bankers, lawyers, accountants and consultants writes Naushina Rahim ‘An Agenda for Action’ was submitted almost a month ago…
Hennie van Vuuren | Financial Mail | 12 March 2020 Last week, lawyer Robert Appelbaum floated the idea of an amnesty for perpetrators of state capture. It’s a short-sighted idea, designed to appease the powerful and corrupt, says Open Secrets’ Hennie van Vuuren In the home of Joburg-based corporate lawyer Robert Appelbaum hangs a portrait…