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…

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…

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…

Unaccountable 00014: BAE Systems – (Profit) Before Anything Else

This is an instalment in Open Secrets’ series detailing BAE Systems’ network of middlemen and agents who were paid generously in return for their political connections and influence during South Africa’s 1999 Arms Deal. This week, we turn our focus from the individual middlemen who profited, to the UK mega arms corporation pulling the strings…

Unaccountable 00012: John Bredenkamp – Agent of BAE Systems

This week, Open Secrets continues to profile the corporations and individuals implicated in corruption in the 1999 Arms Deal but yet to be held to account. The European arms corporations that profited from the deal used a similar modus operandi – pay well-connected middlemen and agents to guarantee access to politicians and key decision-makers. This…

Unaccountable 00009: McKinsey – Profit over Principle

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 the most infamous State Capture contracts reveals a story of…