Posts

The problem of corruption in professional services

By Kwazi Dlamini A recent series of briefs by the Helen Suzman Foundation (HSF) has shed light on the role that four particular professional service industries have played in enabling corruption – these industries are law, accounting, auditing and management consulting. Among their members are names we have become used to hearing about, and not Read more >

Professionals – or professional wrongdoers?

By Kwazi Dlamini Characteristics of a profession: • The offering of a service to the public; • The possession of a special skill; • Having undergone specified training and education; • The possession of privilege or state recognition; • Membership to a self-disciplined group, with a “community of interest in theory and in fact among Read more >

Clamping down on wayward auditors

Auditors and auditing firms have been in the news in recent months. We read about the likes of VBS Mutual Bank, Steinhoff and others, where auditors seemingly turned a blind eye to irregularities. Firms such as KPMG, which has been implicated in scandals involving the Gupta-owned Linkway Trading as well as the South African Revenue Read more >

CW demands transparency in promised Bain investigation

Corruption Watch has expressed disgust at the corrupt conduct of yet another large multinational corporation, Bain & Company, as recently revealed at the Nugent Commission of Inquiry into SARS. The commission revealed that the global management consultancy had, in undertaking a massively costly investigation at SARS, allowed itself to be used to further the corrupt Read more >

CW welcomes Hawks’ arrest of Vrede scandal suspects

Corruption Watch applauds the Hawks’ morning raid on the Gupta compound, and the subsequent arrests in relation to the Vrede dairy farm investigations, including that of Ajay Gupta. Also arrested was Free State’s agriculture department head, Peter Thabethe. The organisation has repeatedly called for those implicated in multiple corruption scandals to be held accountable and Read more >

CW urges deputy president to appoint new NDPP

Corruption Watch welcomes the serving of a court order to freeze assets of McKinsey and Trillian. This must naturally be followed by the commencement of criminal proceedings against these two firms as well as against the individual McKinsey, Trillian and Eskom executives and board members implicated in the wholesale looting of public resources. Corruption Watch Read more >

TI UK and CW call for Gupta banks to be investigated

First published on Transparency International UK A recent statement in the UK Parliament has generated widespread speculation that a major British bank has been involved in the South Africa’s Gupta scandal. In response, Transparency International (TI) UK and Corruption Watch, TI’s national chapter in South Africa, have called for a firm approach to be taken Read more >

CW responds to McKinsey statement

McKinsey’s belated and inadequate response to its gross, and, it appears, criminal malfeasance with regard to its relationship with Eskom and Trillian, does not begin to address the substance of our concerns. These concerns revolve around: the manner in which McKinsey secured the contract with Eskom and the role played by the politically connected Trillian in securing that contract; Read more >

Civil society joins forces calling McKinsey to account

 Press release and memorandum Future South Africa and the variety of civil society organisations associated with it today holds a picket outside the offices of McKinsey in South Africa to protest the way in which the global company conducted itself in relation to its empowerment partner Trillian Capital and their business deals with Eskom. McKinsey Read more >