• Big 4

    South African Central Banker Not Hitting the Panic Button Re: KPMG

    By | October 10, 2017

    Despite the firm losing clients left and right up to and including today, one guy remains chill:

    Addressing a monetary policy forum public meeting in Cape Town, deputy governor Kuben Naidoo said the troubles at KPMG, which audits several South African banks and lost a number of local clients recently, will not pose a financial stability risk to the banking sector.

    I guess this means everyone should keep a brave face until the mass layoffs start. Stay tuned.

    [Reuters]