South Africa

Details

  • Type: Press release
  • Date: 2014/01/09

KPMG responds to article about Netcare High Court Application 

KPMG confirms that it is a Respondent with the Competition Commission in urgent Application proceedings before the High Court that have been launched by Netcare Hospitals.

Netcare claims that KPMG has acted in conflict of interest given its appointment as a consultant to the Commission in the context of the Market Inquiry into the Private Healthcare Sector in terms of the Competition Act 89 of 1998 (as amended). 

 

Netcare seeks an interim interdict against KPMG to prevent it from working with the Commission in the upcoming Market Inquiry.  KPMG has already filed a Notice of Intention to Oppose Netcare’s Application.  The process before the High Court contemplates KPMG filing an Answering Affidavit before 16 January 2014 and the matter is currently scheduled to be heard on 4 February 2014. 

 

KPMG rejects the claims and allegations that Netcare has made, and is in the process of preparing its Answering Affidavit and response to the Application. 

 

No historic engagement by KPMG for Netcare would be to the prejudice of Netcare given KPMG’s current engagement for the Commission in the Market Inquiry. KPMG maintains and respects the integrity of all clients confidential information. 

 

KPMG’s engagement with the Commission is to support the Commission - and the subsequent panel to be appointed - in an inquisitorial process directed at the Private Healthcare Sector and which is intended to identify all factors that impact competition.  

 

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Contact

Contact

Carl Ballot

Head of Communications

Tel: +27 (0)82 719 0501

carl.ballot@kpmg.co.za