The KPMG logo is seen at the company's head offices in Parktown, Johannesburg
The KPMG logo is seen at the company's head offices in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko

Home » KPMG to Lay Off 400 Employees in South Africa in Latest Shake-Up

KPMG to Lay Off 400 Employees in South Africa in Latest Shake-Up

Global auditor KPMG said on Monday it will lay off 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients. “These hard decisions were necessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the […]

By SAPeople Contributor
04-06-18 14:35
in Business
The KPMG logo is seen at the company's head offices in Parktown, Johannesburg
The KPMG logo is seen at the company's head offices in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko

Global auditor KPMG said on Monday it will lay off 400 people as it closes offices in South Africa following a corruption scandal that resulted in the firm losing several major clients.

The KPMG logo is seen at the company's head offices in Parktown, Johannesburg
The KPMG logo is seen at the company’s head offices in Parktown, Johannesburg, South Africa, September 15, 2017. REUTERS/Siphiwe Sibeko

“These hard decisions were necessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the best service and support,” Nhlamulo Dlomu, chief executive of KPMG South Africa, said in a statement.

KPMG has been under close scrutiny since 2017 over work done for a company owned by the Gupta family — who have been accused of using their links to former president Jacob Zuma to influence government decisions.

(Reporting by Nqobile Dludla; Editing by Joe Brock)