KPMG losing staff and clients amid Gupta fallout, sources say
Dimension Data Holdings has reportedly passed an R80m auditing contract to rival EY
KPMG is continuing to lose staff and clients in SA more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn’t public. The fall off in work and the departures are a consequence of the fallout from corruption allegations that engulfed former president Jacob Zuma and the Gupta family last year, the people said. In addition, Dimension Data Holdings has become the latest firm to desert KPMG, passing an R80m auditing contract to rival EY, the people said. KPMG confirmed that Dimension Data changed auditors in June. Dimension Data didn’t immediately respond to a request for comment. The latest revelations show KPMG is struggling to restore trust since being criticised last year over work done for the Gupta family, who are accused of using po...
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