for subscribers

#StateCapture: Firms must be held accountable to highest standards

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Cape Town – Business Leadership South Africa (BLSA) has spoken out following allegations of state capture involvement by software firm SAP, auditors KPMG and consultancy firm McKinsey, among others.

BLSA said it has “noted the recent accounts of prominent businesses being implicated in reports of state capture”, it said in a statement on Tuesday.

It said that “business needs to be held accountable to the highest ethical standards, the law and the spirit of good governance. BLSA expects its members to respond appropriately to transgressions.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
17.49
(+0.90)
ZAR/GBP
22.83
(+1.35)
ZAR/EUR
20.54
(+1.13)
ZAR/AUD
12.50
(+1.28)
ZAR/JPY
0.16
(+1.63)
Gold
1914.41
(-5.61)
Silver
24.83
(-14.54)
Platinum
931.00
(-5.42)
Brent Crude
44.95
(+1.33)
Palladium
2081.07
(-6.36)
All Share
57168.24
(+0.72)
Top 40
52831.61
(+0.76)
Financial 15
10215.75
(+3.21)
Industrial 25
75524.64
(+1.14)
Resource 10
58677.82
(-0.46)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 960 votes
It depends on how the funds are used.
74% - 6390 votes
No. We should have gotten the loan elsewhere.
15% - 1317 votes
Vote