Today's Labour News

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KPMGBusinessLive reports that KPMG SA director Gary Pickering acknowledged before MPs that the KPMG executives who left the firm due to the scandal over work done for the Guptas and SARS, were paid severance packages.  

In September Trevor Hoole resigned as CEO, and eight other senior executives quit with him, following revelations about the firm’s conduct in its report on the SA Revenue Service (SAPS) “Rogue Unit” — parts of which it withdrew — and its work on Gupta companies including Oakbay.  Newly appointed CEO Nhlamulo Dlomu and Pickering briefed the standing committee on public accounts (Scopa) on Thursday morning.  After DA Scopa member Tim Brauteseth pressed for answers on the exit of former heads at the firm, Pickering admitted packages were paid to some of those who resigned in September, “in the interest of speed”.  Brauteseth took issue with the rapid action which KPMG took amid the revelations and asked why it had been “so suspiciously generous.”

  • Read this report by Khulekani Magubane and Reuters in full at BusinessLive
  • Read too, KPMG paid severance packages to top officials who left the company, at Engineering News

Get other news reports at the SA Labour News home page