Nhlamu Dlomu, the new CEO of disgraced auditing firm KPMG SA, hopes to meet SA Revenue Service (Sars) commissioner Tom Moyane in an attempt to iron out their differences over the fallout from the Gupta state capture debacle. This is one of many meetings Dlomu will have to have in an attempt to repair the firm’s battered image following its withdrawal of a report it compiled in 2015 on the tax authority’s alleged rogue unit. That report, based on "an extensive document investigative review", resulted in the firm purportedly finding that former finance minister Pravin Gordhan knew, or ought to have known, of the establishment by Sars of an intelligence unit — in contravention of the rule of law — that was "rogue" in nature. KPMG’s half-hearted attempt at an apology for its misdemeanours — and the resignation of its CEO and seven partners — are only the start of a long journey towards redemption. Investors and consumers of companies that it audits, including Investec, Standard Bank and...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.