KPMG opens new office on the Foreshore of Cape Town's central business district

21 May 2019 Consultancy.co.za

As a latest push in its efforts to rebuild its operations, Big Four accounting and advisory firm KPMG Southern Africa has opened a new office in Cape Town. The new office is equipped with state-of-the-art facilities, which are designed to support the firm with regaining its competitiveness.

Despite a number of scandals hitting most of the Big Four in South Africa last year, perhaps none was worst hit than KPMG. In 2017, the firm was revealed to have been involved in the Gupta scandal, and it has been engaged in consolidated efforts to rebuild its image in the country ever since.

Following a complete revamp of its team months after the scandal, the firm faced a turbulent 2018, wherein a number of KPMG’s major clients terminated relations with the firm. These include some financial services giant Nedbank, in addition to the Auditor General of South Africa.

As a result, the firm underwent further restructuring efforts, offloading certain low-priority business segments and changing its leadership composition once again. Perhaps the most comprehensive of restructuring efforts came earlier this year, when the firm released a report detailing the changes it had made. KPMG opens new office on the Foreshore of Cape Town's central business district

The new policies are transformational in nature, and affect every aspect of the firm’s operations, ranging from client and customer relations to screening processes. The move came on the back of KPMG’s readmission into Business Leadership South Africa late last year.

Now, the firm has consolidated this new revamped profile with a new office in the financial district of Cape Town.T he new office is situated in the central business district’s Foreshore, in The Haylard building.

According to Chairman at the firm Wiseman Nkuhlu, who has been vocal in his efforts to defend KPMG’s image, the new establishment comes “as it undertakes its journey of renewal in order to rebuild trust and restore growth.”

“We are committed to Cape Town as a regional business centre. The new office environment complements KPMG's collaborative and innovative work approach as the firm continuously works to enhance its service offerings,” he added.