South African energy investment company Hulisani plans to drop KPMG as its auditor, citing reputational risk, its CEO 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,” 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, who are close friends of President Jacob Zuma. Earlier, brokerage house Sasfin Holdings fired KPMG as its auditor, citing “well-publicised concerns” about the accounting firm, which is struggling to keep clients after flaws in its work for the Guptas. “In view of the well-publicised concerns recently raised with regard to KPMG, as well as Sasfin’s commitment to good governance in respect of auditor independence and auditor tenure, Sasfin has decided to put its audit out to tender,” Sasfi...

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