close
Share with your friends

KPMG distributing R47-million to anti-corruption and education initiatives

Media Statement

Media Statement

1000

Also on home.kpmg

KPMG is distributing the R47-million it earned in fees from Gupta-related entities to civil society organisations promoting ethical leadership and accountable governance, and to non-profit organisations in the education sector.

In line with a commitment made in September 2017, R23-m is being disbursed to Democracy Works Foundation (DWF), the Social Justice Initiative (SJI) and the National Business Initiative (NBI).

The funding will be used as follows:

  • DWF’s Democracy Works Academy is a youth leadership, civic education and dialogue programme to inspire, empower and connect a new generation of civic actors. The Academy is aimed at developing the capacities and networks of individuals who are committed to building an accountable, responsive and values-based South Africa.
  • NBI will be conducting evidence-based ethical leadership training and capacity building for business.
  • The SJI will distribute the funding to initiatives promoting accountable governance and fighting corruption.

The civil society funding is being distributed after a consultative process with the broader civil society community.

KPMG executive chairman Professor Wiseman Nkuhlu says: “The funding is an important step in ensuring redress for the actions of the past.

“We appreciate the inputs that civil society organisations have made into this process, and the broader role they are playing in addressing corruption in business and society.”

KPMG is also making good progress in distributing the other half of the commitment to non-profit organisations working in the education sector, having shortlisted 52 of over 1000 applications.

This process is overseen by an Independent Evaluation Committee of education experts, civil society and youth leaders, which assessed the applications and is currently conducting due diligence on the shortlisted organisations. This process should be concluded by mid-December 2018.

Funding is being targeted at organisations working in areas such as literacy, early childhood development and cradle-to-career programmes, programmes tackling systemic issues in the education sector, as well as those that ensure the well-being of learners.

END

Media Queries,
Nqubeko Sibiya
Communications Manager

Marketing and Communications
KPMG Services (Proprietary) Limited

Mobile: +27 (0) 76 991 5823
 

© 2019 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal