logo

KPMG South Africa CEO has not found systemic problems at firm

PUBLISHED: Thu, 05 Oct 2017 11:31:33 GMT

Share

Weaknesses at KPMG South Africa are not systemic and reforms are underway to address mistakes made in work it carried out for business friends of President Jacob Zuma, the firm’s new local chief executive told parliament on Thursday.

KPMG sacked a number of South African executives last month after it found work undertaken for firms owned by the Gupta family – a trio of Indian-born businessmen with close ties to Zuma – “fell considerably short” of its standards.

DLOMU GREATLY DISAPPOINTED BY GUPTA WORK

KPMG South Africa’s new chief executive Nhlamu Dlomu is “greatly disappointed” by the work it did for the tax agency and companies linked to friends of President Jacob Zuma, she told parliament on Thursday.

KMPG sacked a number of South African executives last month after it found work undertaken for firms owned by the Gupta family – a trio of Indian-born businessmen with close ties to Zuma – “fell considerably short” of its standards.

“I am determined that these mistakes do not happen again,” Dlomu said in a statement to lawmakers.


Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.

RELATED