When news of an alleged "rogue unit" at the South African Revenue Service (SARS) surfaced in 2014, no one could have anticipated how wholly discredited that story would be just two-and-a-half years later. In 2014, this newspaper reported extensively on the two narratives in the public domain. One was about a sterling example of government excellence sinking under the weight of long-hidden scandals — the central skeleton was a murky covert unit that spied on the president and ran a brothel. The other was that political forces were trying to discredit SARS and key officials in order to capture institutions in the financial cluster to promote self-accumulation and looting. Now, it is clear that SARS was the first institution captured by those bent on looting — and if we connect the dots, we see that next in line was the Treasury, then the South African Reserve Bank. And now, the Financial Intelligence Centre and the Public Investment Corporation are also at risk.KPMG was at the heart o...

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