Parliament, MPs medical aid fund dump KPMG

The embattled auditing firm KPMG has just lost two more clients after both parliament and the Parmed medical scheme terminated their contracts with the company.

Parliament spokesperson Moloto Mothapo confirmed to EWN that the house had parted ways with KPMG after considering the risks associated with doing business with the firm.

“All this as a result of the admission that the auditing firm has made with regards to improper conduct,” he said.

The deputy speaker of the national assembly who also serves as the chairperson of Parmed, Lechesa Tsenoli, said the medical aid’s board took the decision to terminate their contract with KPMG last week.

eNCA reports that Tsenoli said the board made the decision after also considering the risks associated with doing business with KPMG after its recent admission of improper conduct.

Parmed is a medical aid scheme for MPs and judges.

The firm is embroiled in a scandal that involves the Gupta family and the Sars “rogue unit”.

It has partially admitted to wrongdoing and sacked nine senior officials.

Last week, energy investment firm Hulisani terminated its contract with the firm. That was followed by financial services company Sasfin.

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