20 Sep 2017
Sasfin Holdings, a South African financial services company, said it’s firing KPMG LLP as its independent sponsor and searching for a new auditor, as more businesses announced they were dumping the firm because of work it did for the politically connected Gupta family.
Hulisani Ltd., which invests in energy projects, also moved to replace KPMG, saying on Tuesday it wanted shareholders to vote to appoint PricewaterhouseCoopers LLP as its auditors. KPMG audited Hulisani’s full year results, which were published in May.
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet