KPMG has withdrawn its findings of the alleged SARS rogue spy unit, seeking an apology from Pravin Gordhan. Reason being, they want to save their audit license in South Africa. On Friday, KPMG accepted the resignation of its high-profile executives including its CEO Trevor Hoole, COO Steven Louw, Chairperson Ahmed Jaffer and five senior executives for their mistakes in the South African Revenue Service (SARS) “rogue unit” report which had marked Pravin Gordhan as the primary culprit.
Was this KPMG move a deliberate one to be back in the good books of Pravin Gordhan who is close-knit with WMC spearhead Johann Rupert or was the audit firm under desperate atmospheric pressure to save its audit license?
KPMG ‘Bows Down To Pravin Gordhan’ By Negating Its Own SARS Report
KPMG is believed to be under stress from Johann Rupert who controls the SA economy. The entire show revolves around Johann Rupert and the WMC’s business mafia team who have rottened the political structure and intensely forced KPMG to withdraw its report against Pravin Gordhan and Trevor Manuel. At this point of time, Rupert even sought help of the white media to create a havoc in SA through their voice using fake propaganda, if in case the WMC’s instructions goes unheard. Pravin Gordhan’s deep-knitted relationship with Johann Rupert dates back to a good amount of shares Pravin holds in BAT which also has considerable investments of Johann Rupert.
There are clear instances that KPMG has been compelled to withdraw its own SARS report and prove it inauthentic. That goes to say that the authenticity of a report depends on economy controller…..who is none other than Johann Rupert in SA. The instances well go to prove that Rupert and the WMC appointed the white own media as watchdog to keep a vigil on the activities of KPMG throughout the process when Hawks and the NPA had started a survey against Pravin Gordhan and Trevor Manuel.
KPMG’s Deliberate Move To Gain Public Sympathy
It’s evident that the audit firm is clear of its perspectives and has showed sagaciousness to safeguard its license. This was the need of the hour as felt by KPMG to survive in the nation and to have a formidable support of the media. WMC is also planning to undertake similar conspiracy against Mckinsey, which is expected very soon. Nhalamu Dlomu was appointed as the CEO of KPMG in replacement of Hoole.
Suspension Of KPMG’s License And Prosecution Of Executives
There is a dire need to abrogate the license of audit firm, KPMG. The Independent Regulatory Board of Auditors should formally cancel the license in addition to taking legal action against the eight members who resigned for the purpose of making a ployed environment so as to gain public sympathy. It’s shrewd strategy of survival followed by KPMG. Although the firm has lost it’s credibility on account of its withdrawal of own SARS report.
KPMG Under No-Confidence Motion Scanner
The audit firm has lost its authenticity as the entire corporates’ confidence is eroded. Recently, Economist Dr. Iraj Abedian recently resigned from the Munich Re of Africa directorate after the his company refused to sideline KPMG, as its primary auditor. Commenting on KPMG, he said, “They have been an integral part of the architecture of corruption and of abuse”. “I submit that KPMG, based on principles of good, ethical conduct, have violated that and they have violated that not once or twice but over the years”.
Now, Nhalamu Dlomu, the new CEO of KPMG is going to have a tough time when she starts her first full week on Monday as the CEO of KPMG South Africa. There would be no silver spoons to satisfy her appetite. She will be working with a new executive team and frame strategies to safeguard KPMG’s SA license.