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Within the den of corruption known as the African National Congress, there have been two enablers that are marquee names in the world of management consulting and auditing. The first is McKinsey & Company that was founded in 1926 and considered by Vault.com and Consulting.com as the most prestigious in the world. The founder James McKinsey was an accountant by trade who went on to teach at Columbia University. His major work was “Budgetary Control” that conceivably could have been used by the McKinsey consultants in South Africa as toilet paper as they were juggling the books to help Jacob Zuma rip off the nation’s largely Black working class.
McKinsey’s partner-in-crime was KPMG, which stands for Klynveld, Peat, Marwick and Goerdeler. It is one of the big four accounting firms that used to number five until Arthur Anderson was put out of business for juggling Enron’s books. Years ago I was offered a job in their software development group but I received a better off from another crook: Goldman-Sachs. Like McKinsey, KPMG is the recipient of many awards, including being named best firm in 2017 by the Asia Tax jury in Singapore.
full: https://louisproyect.org/2018/12/25/how-kpmg-and-mckinsey-ripped-off-south-africa/
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