MegaBanner-Right

LeaderBoad-Right

LeaderBoard-Left

Home » Industry News » South Africa’s parliament cuts ties with auditor KPMG

South Africa’s parliament cuts ties with auditor KPMG

South Africa’s parliament said on Wednesday it has terminated its contract with KPMG, citing reputational risks after the global auditor was caught up in a scandal involving business friends of President Jacob Zuma.

Parliament said this termination includes a contract KPMG has with a medical aid scheme for Members of Parliament.

KPMG cleared out its South African leadership en masse this month after damning findings from an internal investigation into the Guptas, accused by a public watchdog of improperly influencing government contracts.


 

Source

CNBCAFRICA

To enquire about Cape Business News' digital marketing options please contact sales@cbn.co.za

Related articles

Next-generation combustion technology improves boiler efficiency

Next-generation combustion technology improves boiler efficiency COMBUSTION technology is evolving rapidly as industries face increasing pressure to improve boiler efficiency, reduce emissions and meet sustainability...

Air Products showcases Pinetown facility to stakeholders and celebrates years of service delivery in the KZN region         

Air Products showcases Pinetown facility to stakeholders and celebrates years of service delivery in the KZN region Air Products hosted customers and distributors for a...

MUST READ

Pump innovations at the centre of water security solutions

Pump innovations at the centre of water security solutions Darryl Macdougall, Managing Director, Verder Pumps South Africa Untreated wastewater remains a major contributor to global water...

RECOMMENDED

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.