MarketLine Blog

Posts about Consultancy

KPMG South Africa involved in “Zuptagate” scandal: Senior staff fired as audits fall “short of the quality expected”

MarketLine

In May 2017, a series of emails were leaked which showed a very close relationship between the Gupta family and the incumbent South African President Jacob Zuma. Opposition parties and civil rights groups claimed that this close relationship had resulted in a whole host of government contracts being given to the Gupta family without the proper procedures being followed. In the midst of this scandal were caught major multinationals like KPMG, McKinsey, Bell Pottinger and SAP. All of them have been associated with the Gupta family’s activities in South Africa… Read more

An inconvenient truth about the euro area

MarketLine

The creation of the euro area was a mistake. Top ranks of business and political classes in Europe were expecting an explosion in trade and economic activity following the creation of the single currency area in 2002. The euro would lubricate the integration of the newly formed euro area. It would be possible to achieve higher levels of growth and long-term prosperity. Unfortunately, the real GDP of the euro area increased only by 1.8% per year between 2001 and 2006 and by merely 0.2% per year within the 2007 -2015… Read more

Developments in international tax important for multinational corporations

MarketLine

Outrage in the press can cause confusion about the process of tax planning. The nuanced relationship between the spirit and the letter of the law, and wider issues such as the conflict between disparate national tax systems and competitive international trade are therefore often missed. A recent MarketLine case study gives detailed examples of tax planning involving both multinationals and private individuals as well providing insight into changes in tax policy and the debate around the morality of tax avoidance. Although tax law itself may not be the most exciting… Read more

Management and Marketing Consulting Market Faces Competition From In-house Specialists

MarketLine

  Despite continuing financial and economic uncertainty impacting the global economy, management & marketing consulting continues to grow in 2011, with only Japan declining of the major markets. The global market expanded by 6.2% in 2011, to reach a value of $301.1 billion, indicating a compound annual growth rate (CAGR) of 3.6% in the period 2007-2011. Growth in this period was primarily driven by the Americas and the Middle East and Africa, who achieved the largest CAGRs in 2007-2011. The Americas contains the single largest consulting market, the United States,… Read more