What Gordhan and Jonas told KPMG International chair on state capture

Former finance minister Pravin Gordhan (Netwerk24)
Former finance minister Pravin Gordhan (Netwerk24)

Cape Town - Former finance minister Pravin Gordhan and former deputy finance minister Mcebisi Jonas met with KPMG International chairperson John Veihmeyer on Thursday, where they insisted on full and proper disclosure of the role of various parties in the state capture project.

"In response to a request from the global chairperson of KPMG International, Mr John Veihmeyer,  Mr Pravin Gordhan and Mr Mcebisi Jonas met with a KPMG delegation led by Mr Veihmeyer. The new CEO for KPMG South Africa, Ms Nhlamu Dlomu, also attended," Gordhan and Jonas said in a statement.

"Mr Jonas and I indicated that while we have agreed to meet KPMG, we reserve our legal rights. Today's was a preliminary meeting.

"We shared our strong feelings and disapproval of the manner in which KPMG SA has been involved in the validation of state capture and corruption in respect of both the South African Revenue Service (SARS) and companies of the Gupta family.

"KPMG has a moral duty to account for their conduct to the South African public and they have to be frank, unequivocal and transparent in their disclosures if they wish to restore their own reputation.

"We insisted on full and proper disclosure of the role of various parties in state capture project and the manner in which KPMG staff seem to have colluded in these processes - including, the complete disregard shown by the management of KPMG.

"The KPMG delegation asked that we recognise their commitment to SA.

"Clearly, given the inadequacy of their earlier statement on Friday last week, the further steps KPMG takes to be more open and frank with South Africans will determine whether KPMG can earn the respect and confidence of both corporates and the audit profession on the one hand, and the South African public on the other."

ABOVE: Former finance minister Pravin Gordhan and former deputy finance minister Mcebisi Jonas. (Photo: Matthew le Cordeur)

The latest on KPMG:

SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.29
(-0.67)
ZAR/GBP
20.89
(-0.37)
ZAR/EUR
18.56
(-0.44)
ZAR/AUD
11.77
(-0.19)
ZAR/JPY
0.15
(-0.59)
Gold
1855.88
(+0.02)
Silver
25.33
(-0.01)
Platinum
1082.50
(-0.77)
Brent Crude
55.72
(+0.78)
Palladium
2334.00
(+0.53)
All Share
64559.85
(+0.89)
Top 40
59408.05
(+0.89)
Financial 15
11549.82
(-1.16)
Industrial 25
88868.70
(+2.65)
Resource 10
62256.06
(-0.71)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 740 votes
No, I did not.
52% - 1834 votes
My landlord refused
28% - 977 votes
Vote