By Alec Hogg
Corporate South Africa better start getting its act together. Fast. Or it risks losing the high ground it once occupied through silence and inaction in the mushrooming Gupta Curse saga.
Until this week, KPMG-firing Sygnia CEO Magda Wierzycka was flying solo. But she is isolated no more. Economist Iraj Abedian has resigned from the Munich Re of Africa directorate after the German-controlled company refused to ditch KPMG.
Abedian did so very publicly, explaining his reasons in a powerful op-ed in the Daily Maverick. In it he described KPMG’s actions as even worse than the blatant plundering by McKinsey and SAP. He spent months engaging with the auditors, asked the tough questions and came to logical conclusions.
Every director of every company which does business with KPMG needs to read and reflect on Abedian’s rational reasons for resigning.
All it takes for evil to flourish is for good men and women to stand aside and do nothing. Wierzycka and now Abedian cannot be left unsupported any longer.