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New SA CEO for KPMG

Publish date: 03 December 2018
Issue Number: 802
Diary: IBA Legalbrief Africa
Category: South Africa

Ignatius Sehoole has been appointed as CEO of KPMG SA, effective on 1 May, notes BusinessLIVE. Sehoole, former deputy CEO of PwC Southern Africa, will fill the leadership vacuum left by Nhlamulo Dlomu. In October, KPMG said Dlomu was earmarked for a 'global role'. Sehoole, a chartered accountant who served two terms as executive president of the SA Institute of Chartered Accountants, is expected to be the experienced hand that KPMG needs to steady its ship in SA. The company lost high-profile clients after its reputation was gutted by its association with the Gupta family as well as a flawed report that helped weaken SARS amid state capture allegations. Officials were also implicated in the VBS Mutual Bank saga. KPMG executive chair Professor Wiseman Nkuhlu said the auditing firm's board felt it was important to appoint an external candidate with strong industry credentials to the firm.

Full BusinessLIVE report