Netcare critical on KPMG decision

23 August 2014 - 11:44 By Times LIVE
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File photo
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Netcare said it was disappointed with the judgment by Judge Elias Matojane.

"On a preliminary consideration of the decision, Netcare respectfully believes that the decision is premised on material errors of fact and law. Netcare is considering its options in light of today’s ruling which has significant implications for corporate South Africa."

Netcare said companies would need to give careful consideration to the way in which they engaged professional services companies in light of the ruling.

Netcare said it believed that KPMG had failed to comply with its own assurances and had also violated the October court order. This prompted Netcare to pursue legal action to protect its interests.

Netcare also reiterated that its court action was not about delaying the healthcare inquiry or withholding any information.

“Netcare is currently participating in the Commission’s inquiry and has already made substantial submissions in response to various requests from the panel which is conducting the inquiry. Netcare will continue to engage with the panel as the inquiry unfolds and is participating fully in the process.”

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