South Africa bans KPMG from auditing public institutions

KPMG has been banned from auditing public institutions in South Africa, compounding a crisis for the firm in the country over its role in a high-profile bank failure and ties to the controversial Gupta family.

The South African auditor-general’s office said on Tuesday that it had stopped contracting KPMG for government work with immediate effect, after reviewing ties since last year.

KPMG apologised and several partners left its South African office last year over its work for companies linked to the Guptas, who have been accused of using their relationship with former president Jacob Zuma to divert state contracts in order to benefit their…

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