Global auditor KPMG said on Monday it will layoff 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 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.
Reuters
