Citizen Reporter
1 minute read
19 Sep 2017
8:46 pm

KPMG International chairman apologises to South Africans

Citizen Reporter

The auditing firm is losing clients with both Hulisani and Sasfin announcing that they would no longer do business with it.

Motorvehicles drive past the KPMG Offices on Empire Road in Johannesburg on 15 September 2017. Picture: Yeshiel Panchia

KPMG International’s chairman John Veihmeyer has apologised for the auditing firm’s conduct in South Africa following scandals which involved the Sars “rogue unit” report and the Gupta family.

“I sincerely apologise for what went wrong in KPMG South Africa. This is not who we are,” he said.

EWN reports that the auditing firm removed its SA management on Friday after it found that the work it did for the Gupta family “fell considerably short” of its standards.

The controversial family stands accused of influencing government contracts through its close ties with President Jacob Zuma and his son Duduzane.

KPMG SA was dumped by Sasfin and Hulisani this week.


Sasfin cuts ties with KPMG after 18 years of service