KPMG sacked its South African leadership in September after it found work done for companies owned by the Gupta family, a trio of Indian-born businessmen with close ties to President Jacob Zuma, "fell considerably short" of its standards.
"The IRBA can confirm that one of the lines of investigation is nearing completion and will be tabled at the upcoming investigating committee, while others are progressing satisfactorily," Bernard Agulhas, chief executive of the Independent Regulatory Board for Auditors (IRBA), said in a statement.Information requested from KPMG remains outstanding and the IRBA continues to engage with KPMG to obtain it to complete these investigations, he said.He said most of the information required from the South African Revenue Service has been received.Companies including the African arm of German insurer Munich Re