Corruption has deeply ensnared SA

IT IS indeed sad and tragic that a handful of top executives at KPMG were involved in financial chicanery and accounting charades which could endanger the jobs of loyal and honest staff in South Africa.

They vulgarised the emblem and good name of a global and noble institution. KPMG’S legacy will remain tarnished for ever.

The crisis at KPMG is a tragic story of greed and deceit at the highest level.

During the Arthur Andersen accounting tragedy, 8000 people lost their jobs because 100 people at the top were responsible for the Enron debacle.

KPMG will not survive the coming storm, its actions in the process having shattered good governance and placed in jeopardy the livelihood of ordinary South Africans, as well as besmirched the reputation of distinguished, loyal and dedicated public servants.

KPMG is now perceived as the accomplice and enabler of the Guptas.

It was George Orwell who once said: “The further a society drifts from the truth, the more it will hate those who speak it.”

As KPMG teeters on the brink of self-destruction, the truth must never be watered down or compromised lest our world fall into an abyss of unreality.

The truth within the inner sanctums of KPMG is sacrosanct and must never be compromised in any condition.

Corruption has ensnared the state and its powerful institutions. We are enmeshed in its tentacles. Soon we will be in its bowels.

The mind-boggling revelations about KPMG continue unabated as evidence is unearthed about our stolen resources, threatening our existence as a nation.

It was first US president George Washington who uttered these profound words: “Truth will ultimately prevail where there are pains to bring it to light.”

For whom the bell tolls; it tolls for thee, KPMG.

The implosion at KPMG is a Shakespearean tragedy of epic proportions.