Today's Labour News

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KPMGEWN reports that KPMG has said that paying out executives who left the firm in the wake of recent scandals should not be viewed as condoning misconduct.  

The auditing firm's new CEO, Nhlamu Dlomu, advised that a report by the company's international partner found no clear evidence of any criminal or illegal wrongdoing.  KPMG revealed in Parliament on Thursday that it paid severance packages to eight executives who were asked to leave the firm.  The company would not say how much they were paid, but Dlomu said each payout was determined on different criteria and that it was “not just a blind cap payout.”

  • Read this report by Lindsay Dentlinger in full at EWN

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