Scandal-hit KPMG SA upbeat about restored reputation
KPMG South Africa is winning back customers and no longer bleeding staff as the auditing firm rebuilds an image tarnished by a series of scandals.
KPMG South Africa is winning back customers and no longer bleeding staff as the auditing firm rebuilds an image tarnished by a series of scandals.
In an article on the Accountancy Age website, KPMG CEO Nhlamulo Dlomu is painted as the CEO who presided over KPMG as its South African employees got their hands dirty.
Auditing firm KPMG named Ignatius Sehoole as chief executive officer-designate of its South African operations, replacing Nhlamulo Dlomu.
A probe into the failure of VBS Mutual Bank found that at least 53 people and companies may have benefited from the looting of R1.9 billion from the South African lender before its collapse.
So when the new KPMG SA CEO Nhlamu Dlomu says that on this day, 9 October, is day one for the ‘new’ KPMG, what are her chances?
Business Leadership South Africa suspended the membership of KPMG (SA) pending the outcome of an independent investigation into the organisation’s involvement in conduct related to “state capture” in South Africa.
KPMG has simply refused to “join the dots” and recognise the extent of the damage they have caused. This is as bad as their original sins.
An apology is just not good enough, is the message spreading its way across South Africa, following KPMG SA’s senior executive clear out.