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:
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.
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