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Scandal-hit KPMG South Africa vows reforms, loses another client

KPMG building

South African waste management company Interwaste fired KPMG as its auditor on Thursday, dealing another blow to the accounting firm ensnared in a scandal involving business friends of President Jacob Zuma.

Interwaste joins at least seven other clients including fund manager Sygnia and broker Sasfin to break ties with KPMG. It comes after KPMG’s own investigation found flaws in work it did for the national tax agency and the Gupta family, accused of using links with Zuma to win government contracts.

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