EDITORIAL: KPMG’s offer cannot undo damage wrought on South Africa
The report by KPMG International on the work its branch in SA did for the Guptas and for the South African Revenue Services (SARS) is, in some ways, too little, too late. The damaging report it did on the SARS "rogue unit" dates back two years and the firm’s work for the Guptas goes back much further than that, yet KPMG appears oblivious to the damage that its work for these clients had helped to do to key institutions and the very fabric of SA’s democracy. Offering to repay R63m — the fees the firm earned from SARS and the Guptas — cannot begin to compensate SA or some of the people involved for the damage. Nor, as former finance minister Pravin Gordhan and others have protested, does the offer go with any admission to anything illegal or corrupt — the firm’s investigation has found no evidence of corruption or illegal behaviour — and it has not even made it clear the "rogue unit" idea was a fabrication from the start. Although eight members of the KPMG SA leadership have resigned ...
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