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

Steenkampskraal rare earth mine – Local processing gains momentum

Steenkampskraal rare earth mine - Local processing gains momentum By Kris van der Bijl FEW mining stories have captured the Western Cape business community quite...

John Thompson drives sustainable industrial manufacturing in South Africa

John Thompson drives sustainable industrial manufacturing in South Africa AS South Africa’s industrial sector navigates an evolving energy and economic landscape, manufacturers face a dual...

MUST READ

Industry expertise drives SEW-Eurodrive’s Electra Mining Africa presence

Industry expertise drives SEW-Eurodrive’s Electra Mining Africa presence Industry-specific focus and life cycle support are the standout features of SEW-EURODRIVE’s presence at Electra Mining Africa...

RECOMMENDED