June 19, 2018

South Africa

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Recently Axed KPMG South Africa Employee Slams Firm for Mismanagement, Lying

You may have seen earlier this week that KPMG South Africa is planning to lay off 400 workers and close some regional offices, as the embattled firm tries to save face following the Gupta and VBS Mutual Bank scandals. If you haven’t been paying attention, here’s a nice synopsis of what’s going on, via Reuters: […]

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KPMG South Africa Calls in Reinforcements, Is Dumpster Fire

Uh oh: KPMG LLP’s South African unit is flying in trouble shooters from around the globe and hurriedly meeting clients to stem any further loss of business after becoming embroiled in three evolving scandals. Let me jump in here to say that I think I’d make a fine accounting firm troubleshooter. A Big 4 Mr. […]

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

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 […]

Naked Accountants in South Africa Will Do Your Books…But That’s It

Managing client expectations can be tricky sometimes.  Natural Cleaning Co., which bills itself as "the world's only all-naked service company," was founded a month ago by Jean-Paul Reid after he struggled to find work as an accountant in a country with a 23.9 percent unemployment rate. The company offers housekeeping, accounting, legal, computing and other services, […]