On Monday, June 4, the auditor general KPMG announced that he would lay off up to 400 people in South Africa, in his latest reshuffle following a corruption scandal that caused him to lose several important customers. Nhlamulo Dlomu, Managing Director of KPMG South Africa, said in Johannesburg that KPMG plans to set up only four business centers in Johannesburg, Cape Town, Durban and Port Elizabeth and close to other regional offices.
“These hard decisions were necessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the best service and support,” Dlomu said in a statement.
KPMG's South African unit has been under close scrutiny since 2017 for work done for a Gupta-owned company. The company has been accused of using its links with former president Jacob Zuma to influence government decisions and the awarding of tenders and, more recently, for failing to disclose loans from the small lender VBS Mutual Bank . The Auditor General of South Africa announced in April that he would end all government contracts with KPMG after the scandals, prompting Barclays Africa, one of KPMG's biggest clients, to stop doing so. deal with the company. More than 12 other clients have broken with KPMG since 2017, and in May the South African micro-lender Finbond became the last firm to let the listener down. Dlomu said that as part of the company's refocusing plans, KPMG would appoint a number of high-level KPMG partners from its international network to the executive and management positions of its South African unit.
The company said the South Africa office has more than 130 partners and 2,200 employees, adding that it would continue to offer a wide range of the core services that its global, regional and local clients require.Räägi sõbrale... #AFRICA ... spill TEA ABOUT THE TOPIC ABOVE.... Easy on Shade #jaiyeorie
0 Comments