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Is a country sweep coming to South Africa?

Tom Fox | October 19, 2017

The recent revelations about McKinsey & Company, SAP, and KMPG in South Africa over possible allegations of corruption have driven home a truism that many in the compliance space have known for some time: South Africa has become one of the most corrupt countries on earth. When you couple a structural requirement that is in every government contract with a non-South African company for a local content partner with an already corrupt system, you get a recipe for rampant corruption. Such would appear to be the situation in South Africa today.

Calls are ringing out for the resignation of the president of the country, as the Gupta family (brothers Ajay, Atul and Rajesh Gupta known for using the sitting President Jacob Zuma to control state business) is widely viewed as the true power behind Zuma. The Guptas’ fingerprints are on all the transactions involving McKinsey, SAP, and KPMG. Yet, this is only the highest profile allegations of corruption claimed to be ongoing in the...

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