2. continued...

We know that the wedding was paid for by a Gupta company that KPMG audited.

As their auditors, they would have been aware that the funds (R30m), coming in, were not legitimate revenue.

They would also have known that the cost of the wedding was not a legitimate tax deduction for the company either.

We also know that a junior auditor raised red flags about this very issue, but was ignored.

So once again, KPMG have not been honest about this.

I'm sure there's way more we will uncover, but it is clear to me that this company has not yet accepted or admitted their full culpability yet.

If they continue to refuse to do so, then yes, they need to be wiped out of the South African environment so that others are made aware of the consequences of such behavior.

If KPMG don't take full responsibility and admit the full extent of their culpability but still get away with it, then others will follow suit.

Its exactly how we landed in this mess in the first place.