Harry’s impression: KPMG South Africa to cut up to 400 staff


KPMG South Africa announced this month that it is closing regional offices and cutting up to 400 staff as the scandal-hit firm aims to reshape its business after losing numerous clients this year.

The firm is closing offices in Mbombela, Polokwane, East London and Bloemfontein, and focusing on its operations in Johannesburg, Cape Town, Durban and Port Elizabeth. Newly appointed Chief Executive Officer of the South African firm, Nhlamulo Dlomu, said she regretted the decisions made, but deemed them necessary. “We are taking all possible steps to ensure these changes are managed in a caring manner and that everyone is treated with dignity,” she said.

KPMG’s South African branch has faced criticism since August 2017 over work done for a company owned by the politically influential Gupta family and its auditing of VBS Mutual Bank, which collapsed in March, leading KPMG to audit its own staff. Barclays Africa Group also cut ties with the firm amid the controversy. KPMG has appointed nine new executives in 2017 in a bid to restore trust in the firm.

Add to Bookmark
Text size
Related Articles
January 2024
The President of the Institute on tackling the talent shortage issue, and the significance of the Institute’s role as a statutory sustainability standard setter
January 2024
Digital transformation
January 2024
Key insights from the Institute’s study on the current state of technology adoption by small- and medium-sized practices in Hong Kong
BCG & ESG Awards
January 2024
Key highlights based on the awardees of the Institute’s business awards which celebrate achievements in corporate governance and ESG
January 2024


We use cookies to give you the best experience of our website. By continuing to browse the site, you agree to the use of cookies for analytics and personalized content. To learn more, visit our privacy policy page. View more
Accept All Cookies