LISTEN: Parliament, MPs medical aid fund cuts ties with KPMG

web_photo_KPMG_01072017

KPMG logo seen on a building.

KPMG logo seen on a building.

web_photo_KPMG_01072017

KPMG logo seen on a building.

KPMG logo seen on a building.

 

 

 

JOHANNESBURG - The Board of ARMED, under the Chairpersonship of the Deputy Speaker of the National Assembly, Mr Lechesa Tsenoli, has unanimously taken a decision to end its contract with KPMG in a meeting held in Cape Town last week. 

Parmed is a medical aid scheme for Members of Parliament (MPs) in both the National Assembly and the National Council of Provinces (NCOP), Members of Provincial Legislatures (MPLs), and judges.

READ: Six multimillion-rand clients reviewing KPMG ties

Commenting after the meeting, Mr Tsenoli said the Board had made the decision after considering the risks associated with doing business with KPMG after its recent admission of improper conduct that seriously tarnished the company’s reputation.

With regard to another contract KPMG has with Parliament, which is aimed at reviewing the effectiveness of the Parliamentary Service, both parties are in discussion around the immediate termination of the contract.