Former KPMG Africa CE Moses Kgosana will no longer become Alexander Forbes’s chairman on August 31, the insurance group said on Monday. Incumbent chairman Sello Moloko would remain in the post until a new replacement had been selected, Alexander Forbes said. Kgosana’s resignation followed a discovery by investigative journalism unit amaBhungane and Daily Maverick’s Scorpio in the leaked Gupta e-mails indicating KPMG was complicit in allowing the family to saddle South African taxpayers with the R30m bill for their Sun City wedding bash. "Since becoming aware of recently published allegations in respect of KPMG, which related to his previous position as CEO and senior partner of KPMG, he believes it is the correct course of action for himself, the company, its clients and shareholders," Alexander Forbes said. The leaked e-mails included a thank you note for attending the wedding from Kgosana to Atul Gupta saying: "My wife and I were privileged to attend and enjoyed every moment and e...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now