“Although it has been challenging‚ we have managed to stabilise the business. This would not have been achieved without the loyalty of our clients‚ the commitment of KPMG partners and staff‚ as well as the invaluable input of the business community‚ civil society and the larger South African public‚” Dlomu said.
Bloomberg reported the firm is continuing to lose staff and clients more than a year after they issued a public apology for some of the work it did in the country‚ according to people familiar with the matter. This includes some of the work it did for the Gupta family‚ who are accused of using political connections to score lucrative government contracts.
The firm was also forced to withdraw the findings of a report it compiled for the South African Revenue Service (Sars) that was used as evidence in a police probe against former finance minister Pravin Gordhan.