Cape Town Warns PwC, EY, Nedbank Over Graft Report Findings (3)

Cape Town has threatened to scrap contracts with companies including EY, PwC, EOH Holdings Ltd. and Nedbank Group Ltd., after the firms were named in a judicial probe on alleged graft relating to business done with the national government.

In a letter to the companies, seen by Bloomberg, the city asked them to explain why the contracts should not be canceled after they were mentioned in reports compiled by the Judicial Commission of Inquiry Into Allegations of State Capture. The investigation probed corruption involving the government during former President Jacob Zuma’s administration that the state ...