15 February 2021: KPMG South Africa today announced that it will cease all future non-audit-related services to its listed audit clients with effect from 31 March 2021. This announcement is as a result of an intensive review process that seeks to improve the perception of auditor independence and protecting the interests of the public.

The provision of non-audit-related services to our audit clients, while technically permissible under current laws, regulations and International Federation of Accountants (IFAC) principles, understandably creates challenges in the public perception of auditor independence. As a business that has reimagined the future of what good corporate governance for an audit firm should be, KPMG is the first firm in the country to take this voluntary step forward.