National
Report: KPMG 'bleeding' clients─── 09:18 Sun, 24 Sep 2017
Johannesburg - KPMG is increasingly isolated and coming under pressure as Finance Minister Malusi Gigaba on Friday called on government and state entities to review all work the company has done.
Sunday newspaper City Press reports the auditing firm this week lost its fourth private sector client.
At least 13 other private sector clients are reviewing their relationship with KPMG, and a major business organisation has suspended the company’s membership.
National Treasury said the scandal surrounding KPMG reaffirmed its belief that there should be mandatory rotation of audit firms.
The company has been tarnished by numerous dodgy dealings with the Gupta family and has been implicated as being part of the reason former finance minister Pravin Gordhan was fired.
