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Corporation
COMPUTER HARDWARE & SERVICES | IT Services
dimensiondata.com

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Founded Year

1983

Stage

Grant | Alive

Total Raised

$350K

Valuation

$0000 

Last Raised

$350K | 5 yrs ago

About Dimension Data Holdings

Dimension Data is an ICT services and solutions provider. The company seeks to help clients through digital infrastructure, hybrid cloud, workspaces for tomorrow, and cybersecurity.

Dimension Data Holdings Headquarter Location

The Campus, 57 Sloane Street Bryanston

Johannesburg,

South Africa

Latest Dimension Data Holdings News

KPMG loses more South African staff

Sep 26, 2018

Share Fairfax Media by Loni Prinsloo and John Bowker Johannesburg |KPMG is continuing to lose staff and clients in South Africa more than a year after issuing a public apology for some of the work it did in the country, according to people familiar with the matter. A team responsible for US cross-border transactions in Africa quit because of limited workflow, said the people, who asked not to be identified because the information isn't public. The drop-off in work and departures are a consequence of the fallout from corruption allegations that engulfed former President Jacob Zuma and his friends the Gupta family last year, the people said. In addition, Dimension Data Holdings became the latest firm to desert KPMG, passing an 80-million rand ($5.6 million) auditing contract to rival Ernst & Young, the people said. KPMG confirmed that Dimension Data changed auditors in June. Dimension Data didn't immediately respond to a request for comment. The latest revelations show KPMG is struggling to restore trust since being criticised last year over work done for the Gupta family, who are accused of using political connections including Zuma to siphon off state funds. The firm was also forced to withdraw the findings of a report it compiled for South Africa's tax agency that was used as evidence in a police probe against former finance minister Pravin Gordhan. "KPMG South Africa has made a number of significant changes to its leadership, governance and audit quality controls and continues to work tirelessly to restore trust in the firm," a KPMG spokesman said. The firm introduced a number of safeguards and is encouraged by the number of clients that continue to retain its services, the spokesman said. Advertisement KPMG was among a number of international companies to be embroiled in allegations of corruption during Zuma's tenure. Bain & Co has started an independent probe into its own work for South Africa's tax service, while McKinsey and SAP have accepted responsibility for improper work done for state-owned companies. The head of KPMG's South African office and seven other senior executives quit in September 2017 after an internal investigation found work done for the Guptas fell "considerably short" of the firm's standards. The Guptas and Zuma deny wrongdoing. In June, KPMG's South African unit said headcount slumped to 2,200 from 3,400 a year earlier, with consultations for further reductions under way. Its lost clients this year including Barclays Africa Group and South Africa's Auditor-General. Not all customers have left the firm. Old Mutual, the 173-year-old insurer, is waiting for the auditor to report back on an internal review before making a decision, CEO Peter Moyo said in June. The work previously done by the US cross-border transactions team will be carried out by partners from KPMG's global US capital markets group based in New York or London, the KPMG spokesman said. Bloomberg

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