Kgosana loses top job amid Gupta reports

[caption id="attachment_210500" align="aligncenter" width="640"] Moses Kgosana[/caption]

Former KPMG Africa chief executive Moses Kgosana will no longer become Alexander Forbes’s chairman on August 31‚ according to the financial group.

Incumbent chairman Sello Moloko would instead remain in the post until a new replacement had been selected‚ Alexander Forbes said.

Kgosana’s resignation followed the discovery by investigative journalism unit amaBhungane and the Daily Maverick’s Scorpio, in the leaked Gupta e-mails, indicating KPMG was complicit in allowing the family to saddle taxpayers with the R30-million bill for their Sun City wedding bash.

“Since becoming aware of recently published allegations in respect of KPMG‚ which related to his previous position as CEO and senior partner of KPMG‚ he believes it is the correct course of action for himself‚ the company‚ its clients and shareholders‚” Alexander Forbes said.

The leaked e-mails included a thank-you note for attending the wedding from Kgosana to Atul Gupta, saying: “My wife and I were privileged to attend and enjoyed every moment and every occasion.”

After 15 years of auditing the Gupta family’s businesses‚ KPMG resigned with immediate effect in April last year.

On Friday‚ the Independent Regulatory Board for Auditors said it would investigate KPMG’s 2014 audit of Oakbay associate Linkway Trading‚ which disbursed R30-million worth of payments for the lavish wedding.

KPMG Southern Africa chief executive Trevor Hoole told Business Day yesterday: “Consistent with our values‚ we have acted with integrity in our dealings with the Oakbay group.” IT is unsurprising that the Gupta family, and its influence over ANC and government leaders, has taken centre stage in discussions at the party’s national policy conference under way in Gauteng.

The family’s reign in South Africa goes to the very heart of the ANC’s credibility, both as an organisation and, more importantly, a governing party.

From the #Guptaleaks it has become increasingly clear that the family, through a rogue syndicate of powerful accomplices, is effectively in charge of our republic and its resources.

Every dodgy dealing exposed so far reveals the extent of the family’s greed and the lengths they will go to loot every cent possible from our public purse.

Therefore it was to be expected that as this picture became clearer, more and more ANC leaders would come out condemning the capture of the state by the Guptas.

While delivering his diagnosis report of the party last week, secretary-general Gwede Mantashe said that the Gupta issue had harmed the ANC’s reputation.

He said “blanket denials” from those implicated in state capture were not enough to appease society. Mantashe is right. In fact, in all likelihood a large number of ANC members agree with him.

Yet, his statement – and those of many ANC leaders who share his view – ring hollow.

They will not translate to tangible action to hold those implicated accountable.

This is because the ANC is paralysed.

At its strategic centre of power lies a network of greedy men and women who have long surrendered their conscience and our nation’s sovereignty in exchange for a life of luxury courtesy of the Guptas.

Regardless of what the party says, for now they remain powerful and under their watch our country will continue to slide into unimaginable levels of anarchy.

They must be stopped.

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