South African entrepreneur Magda Wierzycka of Sygnia cut a lonely figure when she took a stand against corporate corruption by last month firing KPMG as her JSE-listed firm’s auditors after its involvement in Gupta state capture were revealed. No other business leaders followed suit, yet there has been a national outcry in South Africa as President Jacob Zuma remains in power. 

The #GuptaLeaks emails have exposed KPMG for its role as the auditors of the Guptas’ Linkway Trading – from which state funds earmarked for the Gupta-linked Estina dairy project in the Free State were diverted to cover the expense of the controversial Gupta family wedding at Sun City. KPMG also allowed Linkway to account for the wedding as a business expense, so no tax was paid on the Free State government funding. 

KPMG employees were among the guests at the Sun City wedding. But, other South African business leaders have turned a blind eye to the role of KPMG in aiding and abetting the Gupta family, which effectively controls the ruling ANC through President Zuma. 

BizNews publishes the list of companies still doing business with KPMG – even though the Big Four consultancy appears unrepentant about its relationship with the Gupta family. – Jackie Cameron

70 companies turning a blind eye to Gupta state capture

Source: Profile Group. This list was accurate as at last official Audited Annual Financial Statement of listed entity.
  1. British American Tobacco plc
  2. BHP Billiton Plc
  3. Standard Bank Group Ltd.
  4. Old Mutual plc
  5. South32 Ltd.
  6. Barclays Africa Group Ltd.
  7. Nedbank Group Ltd.
  8. Bid Corporation Ltd.
  9. Growthpoint Properties Ltd.
  10. Redefine Properties Ltd.
  11. Sappi Ltd.
  12. Gold Fields Ltd.
  13. Sibanye Gold Ltd.
  14. AVI Ltd.
  15. The Foschini Group Ltd.
  16. Investec Ltd.
  17. Hyprop Investments Ltd.
  18. African Rainbow Minerals Ltd.
  19. Super Group Ltd.
  20. AECI Ltd.
  21. MAS Real Estate Inc.
  22. Redefine International P.L.C.
  23. JSE Ltd. (JSE CEO Nickey Newton-King confirmed today that the firm is now audited by EY as part of the audit rotation process.)
  24. Sirius Real Estate Ltd.
  25. African Oxygen Ltd.
  26. Trencor Ltd.
  27. Peregrine Holdings Ltd.
  28. City Lodge Hotels Ltd.
  29. Investec Australia Property Fund
  30. Allied Electronics Corporation Ltd.
  31. Lonmin plc
  32. Choppies Enterprises Ltd.
  33. Absa Bank Ltd.
  34. Tharisa plc
  35. Merafe Resources Ltd.
  36. Nedbank Ltd.
  37. Spur Corporation Ltd.
  38. Holdsport Ltd.
  39. Texton Property Fund Ltd.
  40. Finbond Group Ltd.
  41. Stor-Age Property REIT Ltd.
  42. Phumelela Gaming and Leisure Ltd.
  43. DRDGOLD Ltd.
  44. Sasfin Holdings Ltd.
  45. Astoria Investment Ltd.
  46. Investec Bank Ltd.
  47. Wesizwe Platinum Ltd.
  48. York Timber Holdings Ltd.
  49. Deneb Investments Ltd.
  50. ELB Group Ltd.
  51. Hulisani Ltd.
  52. Vunani Ltd.
  53. Gaia Infrastructure Capital Ltd.
  54. Transcend Residential Property Fund Ltd.
  55. PBT Group Ltd.
  56. Efficient Group Ltd.
  57. Interwaste Holdings Ltd.
  58. Atlatsa Resources Corporation
  59. Alaris Holdings Ltd.
  60. ZCI Ltd.
  61. Randgold & Exploration Co Ltd.
  62. Indequity Group Ltd.
  63. Esor Ltd.
  64. Chemical Specialities Ltd.
  65. Verimark Holdings Ltd.
  66. Rex Trueform Clothing Company Ltd.
  67. Brikor Ltd.
  68. Nictus Ltd.
  69. Alert Steel Holdings Ltd.
  70. Rockwell Diamonds Inc.
  71. African and Overseas Enterprises Ltd.