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PwC ‘Failed Dismally’ as Auditor of South African Airways

Jan. 6, 2022, 4:58 PM

A South African judicial report into graft has sharply criticized PwC for overlooking fraud and corruption as auditor of South African Airways.

“This commission has concluded that state capture has been established,” acting Chief Justice Raymond Zondo said in a report concerning allegations of wrongdoing at South African Airways and its affiliates. PwC, also known as PricewaterhouseCoopers LLP, audited SAA for five years between 2012 and 2017, at times in conjunction with Nkonki Inc.

  • “PWC and Nkonki gave clean audits to SAA for five consecutive years between 2012 and 2016,” according to the report, which was ...