Barclays Africa fires KPMG over Gupta connections


Barclays Africa, one of the continent’s largest banks, has fired KPMG as its auditor over the firm’s work linked to the Gupta business family and a high-profile bank failure.

South Africa’s second-largest lender by market capitalisation, which is rebranding after separating from the UK’s Barclays, on Thursday dropped a recommendation to reappoint KPMG at its annual meeting on May 15.

In a statement, the bank said that “ongoing and more recent developments were evaluated by the board, which decided that it is no longer able to support the reappointment of KPMG”.

KPMG has lost a number of big corporate clients in South Africa since last year over its work linked to the Guptas. The family is accused of using a friendship with Jacob Zuma, the former president, to advance their…

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