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‘KPMG International recommended severance packages to top executives’

Nhlamu Dlomu, who succeeded Hoole, says the payouts were worked out based on different criteria which she cannot disclose.

Picture: @KPMG

JOHANNESBURG – While questions have been raised about why KPMG paid severance packages to its top executives who left the company amid controversy over its Gupta dealings, CEO Nhlamu Dlomu says this was done following recommendations from the parent company.

The auditing firm announced a major shake-up to its South African leadership structures last month.

KPMG has come under fire for the role it played in auditing a Gupta-owned company that was allegedly used to channel taxpayers’ money to fund a lavish wedding at Sun City in 2013.

Eight executives including then CEO Trevor Hoole stepped down in September.

Dlomu, who succeeded Hoole, says the payouts were worked out based on different criteria which she cannot disclose.

“This is why it’s so important to have an independent inquiry that will look at all the other evidence that the international team might not have looked at.

“Remembering that the international team was looking at compliance to our own processes. I don’t want to sound defensive, we really want to be open.”

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