South Africa's central bank says KPMG does not pose financial stability risk
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South Africa's central bank says KPMG does not pose financial stability risk
The offices of auditors KMPG are seen in Cape Town, South Africa
CAPE TOWN (Reuters) - Global accountancy firm KPMG must be given space to "come clean" via an independent investigative process after being implicated in a scandal involving business friends of President Jacob Zuma, a central bank deputy governor said on Tuesday.

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.

(Reporting by Wendell Roelf; Editing by Ed Stoddard)

2017-10-11 08:48:19


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