Issue 1281 - 5 June 2018


KPMG SA to cut 400 jobs in ‘reshaping’ exercise
KPMG said it intended to close “certain regional offices”, keeping four hubs in Johannesburg, Cape Town, Durban and Port Elizabeth. It said it would still have 130 partners and 2,200 employees following its “reshaping”. [...] The auditing group’s relationship with the Gupta family and more recently collapsed mutual bank VBS has prompted a string of JSE-listed companies to fire it.
Business Live - 4 June 2018


A total train-smash: the R16bn ‘Gupta premium’
It is impossible to overstate the crisis: the R54-billion cost is the same as the Arms Deal in nominal terms, and the Werksmans report demonstrates that Transnet failed to uphold and protect the national interest in nearly every respect. What's worse is that some key architects of this failure – chief executive Siyabonga Gama and group executive for manufacturing Thami Jiyane – are still in place, even though the state capture brains-trust of Brian Molefe and Anoj Singh has departed.
amaBhungane - 3 June 2018


Driver’s licences: ‘One in three illegal’ due to scam
The practice of bribing your way to a driver’s licence in Johannesburg is as ubiquitous as it is unavoidable for some budding drivers, especially if they are vulnerable to intimidation and manipulation, according to experts. Often referred to as “cold drink” or tjotjo, bribing an instructor to obtain a licence is both costly and almost unavoidable in some instances, because instructors intimidate new drivers by telling them that failure to pay a bribe is almost guaranteed to ensure you fine.
The Citizen - 2 June 2018


I’m not afraid of being convicted: Zuma
Zuma is set to appear in court next week after corruption‚ fraud‚ and racketeering charges were reinstated against him earlier in the year. "So it happens that a conviction may not be correct. So I'm not afraid if they say I have a case [to answer to] because I've not committed a crime. The only crime I committed was to fight for freedom‚” he said.
Times Live - 1 June 2018


How reporting on sexual harassment can become an ethical quagmire
What role should the media play in a climate like this? For too long powerful men have escaped both scrutiny and accountability for wrongdoing, and few of us would want to be complicit in helping to shield and protect perpetrators of abuse. Yet in situations where workplace processes have already harshly punished someone for sexual harassment, are there compelling reasons for journalists to pile on social opprobrium by bringing that story into the public glare?
Daily Maverick - 1 June 2018


KPMG loses another JSE-listed client: Finbond
"The board of directors of Finbond, through the audit, risk, and social and ethics committees, have investigated and assessed the well-publicised, serious concerns with regards to KPMG, as reported in the media as well as communications in response thereto by KPMG." [...] "Given the board’s commitment to good governance, principled and ethical behaviour, the board has resolved that it can no longer justify nor support Finbond’s further association with KPMG."
Business Live - 31 May 2018


Ethics committee agrees to place Manana, Bongo before hearing
The committee has come under increasing criticism for failing to act against errant public office bearers. Manana, the former Deputy Minister of Education was found guilty of assaulting three women last year, while Bongo is accused of bribery during his tenure State Security Minister.
eNCA - 31 May 2018


Hundreds of Kenyans in the capital march against corruption
Carrying signs saying "Kenya is bleeding" and "Stop These Thieves," hundreds of people marched on Thursday in Nairobi to protest against widespread corruption and deliver a petition to the office of President Uhuru Kenyatta.
News24 - 31 May 2018


Qatar World Cup decision labelled ‘most corrupt in sporting history’
A report commissioned by the foundation, set to be published shortly, will detail how one executive committee member who voted for Qatar, Julio Grondona, allegedy received a mystery $4.8 million payment in the lead-up to the infamous vote. Grondona has since died. The foundation also alleges that Qatar used substantial commercial deals via Qatar Airways and redeemed a $66 million debt held by the Argentine FA to help win over various members of the committee.
Arab News - 31 May 2018


The President's Keepers TV series to cost R20m per episode
South African producer, Neil van Deventer who bought the film rights to the book said that on the day that the book had been released, he made an offer to purchase the movie rights.  “I was at OR Tambo Airport and I bought the book, by simply reading the foreword, I enquired about purchasing the movie rights for the book and I made a really good offer”, said van Deventer. 
Independent Online - 31 May 2018