NATIONAL NEWS - Auditing firm KPMG South Africa has announced a major shake-up to its leaderships structures.
The firm has come under fire for the role it played in auditing a Gupta-owned company that was allegedly used to channel taxpayers' money to fund a wedding at Sun City in 2013.
In a statement issued on Friday, KPMG said CEO Trevor Hoole has tendered his resignation and will be replaced by Nhlamu Dlomu.
In addition, Ahmed Jaffer has resigned and stepped down as chairman of the board.
“This has been a painful period and the firm has fallen short of the standards we set for ourselves, and that the public rightly expects from us,” incoming CEO Dlomu said in a statement.
Top staff resign over Gupta scandal
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KPMG CEO Trevor Hoole.
Posted on: 13:12 Fri, 15 September 2017
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