Veteran South African markets commentator David Shapiro is in top form in this, the latest episode of the Old Firm where him and Alec Hogg swap notes on the hot topics of the past week.
Former Springbok wing Stefan Terblanche makes a guest appearance to help Bob and Alec discover what a ‘good’ result would be for the SA team ahead of the weekend’s test match against the All Blacks.
In this edition of The Old Firm, David Shapiro and Alec Hogg ponder McKinsey’s approach of trying to brazen out its involvement in the corruption scandal rocking South Africa.
Bob Skinstad and Alec Hogg unpack the reasons behind the record Springbok defeat and the corruption scandals that threaten multinationals KPMG and McKinsey.
Azar Jammine assess the KPMG/Gupta fallout, concluding that the damage is already being seen in SA’s currency which is reflecting a further decline in investor perceptions.
The private sector is starting to follow the lead of Sygnia’s CEO Magda Wierzycka with Sasfin yesterday becoming the second JSE-listed company to fire KPMG.
As global companies implicated in a graft scandal in SA scramble to contain the damage to their reputations, politicians and law enforcement agencies are prevaricating and stalling official investigations.
John Mulcahy is adamant: by facilitating industrial scale plunder by the Guptas, KPMG, McKinsey and SAP have disrespected their hosts and should be stripped of all right to conduct business in South Africa.
