NATIONAL NEWS - Former Finance Minister Trevor Manuel says those behind the KPMG controversy should be jailed to encourage a culture of accountability.
The auditing firm has lost several clients after it withdrew the findings and recommendations of an internal investigation into an intelligence unit at the South African Revenue Service (Sars), showing serious failures in the work it did for Gupta-linked companies and the revenue service.
Manuel says KPMG should produce documents to show how it arrived at the controversial findings.
He says the auditing firm now has the task of ensuring its integrity doesn’t come into question even after the management has left.
“People should go to jail because of how they have been covered and how this rot was allowed to continue in the way that it has. The consequences are a break on growth in this country, if we were growing fast we wouldn’t have energy. If the economy is not growing people can’t get jobs.”