FOOTNOTES
HILARY JOFFE: Corruption in private sector has not gone unpunished — as it has in the public sector
The Steinhoff scandal came along just in time to give added ammunition for some of the speakers at the ANC’s conference to lay into the private sector and equate private corruption and fraud with the plunder and capture that’s been going on in SA’s public sector. Even without Steinhoff, 2017 would not have been a great year for corporate SA, particularly for the reputation of professional services firms. The Guptaleaks and investigations into Eskom scandals exposed the roles played by professional services firm KPMG, and global consultancies McKinsey and SAP in facilitating dodgy behaviour at the Gupta companies and at Eskom. KPMG’s reputation was savaged too by its flawed report for the South African Revenue Service on the "rogue unit". And all of that came as the late and unlamented UK communications firm Bell Pottinger was put out of business thanks to the outcry against its Gupta-funded role propagating a racially charged "radical economic transformation" narrative. SAP was quic...
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