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South Africa's Hulisani drops KPMG due to reputational risk

Tue 19th September, 2017 1:29pm
JOHANNESBURG, Sept 19 (Reuters) - South African energy 
investment company Hulisani Ltd  HULJ.J  plans to drop KPMG 
 KPMG.UL  as its auditor, citing reputational risk, its chief 
executive said on Tuesday. 
     "The risk committee looked at various factors, including 
what's in the media now about KPMG and the Guptas and we 
concluded that it would be in best interests of the company to 
change auditors," Chief Executive Marubini Raphulu told Reuters. 
     KPMG cleared out its South African leadership en masse on 
Friday after a damning internal investigation into work the firm 
did for the Guptas, businessmen friends of President Jacob Zuma.*:nL5N1LW2CC   
 (Reporting by Tiisetso Motsoeneng, editing by Louise Heavens) 
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