by David Pilling in London | Financial Times
KPMG, the accountancy firm, must do more to salvage its reputation in South Africa, the country’s central bank governor said, warning that failure to do so could imperil its international business.
The firm has become embroiled in the widening scandal over South Africa’s contentious Gupta family, which has already forced the resignation of its top management team and caused at least three clients to drop KPMG as auditor and several others to consider doing so.
The Gupta scandal, involving allegedly improper links between the three Indian brothers and President Jacob Zuma, has brought down public relations company Bell Pottinger and forced McKinsey, the consultancy, to launch an inquiry into its own activities.
Mr Zuma and the Guptas deny any wrongdoing.
Bron: Financial Times