South Africa’s parliament cuts ties with auditor KPMG

PUBLISHED: Thu, 28 Sep 2017 08:25:10 GMT


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.

Reporting by Olivia Kumwenda-Mtambo; Editing by Joe Brock