News / South Africa

Bernice Maune
1 minute read
16 Sep 2017
10:00 am

‘Amazing how professionals sell their soul to the corrupt’ – Twitter weighs in on KPMG saga

Bernice Maune

KPMG has been trending for over 24 hours on the social media network after announcing that eight executives had resigned over a Gupta and Sars scandal.

The hashtag KPMG is at the top of the trending list on Twitter, with people tweeting their opinions on the audit firm and the statement they released yesterday.

“I absolutely understand that ultimate responsibility lies with me. KPMG South Africa is a firm of hugely talented people and I believe it is the right thing for me to stand down and allow a new CEO to restore public trust and build a firm that once again sets the standard for quality and ethics,” said former KPMG CEO Trevor Hoole.

The company has resolved to pay back R23 million to Sars and R40 million to non-profit organisations fighting corruption in SA. Despite their pledge, many are still unimpressed with the firm. Former finance minister Pravin Gordhan said it was not enough and that their actions were a display of ‘colonial arrogance.’

About 50 Sars officials were axed over a report penned by KPMG and Gordhan’s reputation was put into question as he was implicated in the report which alleged that a spy unit and a brothel had been set up by the tax organisation.

EFF spokesperson Mbuyiseni Ndlozi took to Twitter to state that KPMG should face criminal charges for their role in state capture and corruption.

See what others had to say below

We still need criminal prosecution of KPMG – Mbuyiseni Ndlozi