KPMG building in Cape Town gets a new name

The new KPMG Place building in the Cape Town foreshore has been renamed to the Halyard.

The accounting firm was hit with various scandals because of their involvement with the infamous Gupta family and VBS Mutual Bank which resulted in the firm losing major clients in the country.

READ: Nedbank may in 2019 join Government in firing KPMG

It is a building that KPMG is still going into. They have the naming rights off but they are not taking much space as they would have taken. So you kind of losing the privilege of naming the building.

John Jack, Commercial CEO of Frank Knight

ALSO READ: It’s not only KPMG! Largest auditing firms not too big to fail – audit regulator

At the end of the how much they will take up is still up for discussion.

John Jack, Commercial CEO of Frank Knight

Listen to why KPMG reduced the space they want...


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