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Exclusive: South Africa's central bank tells lenders KPMG "too big to fail" - sources


By Tiisetso MotsoenengJOHANNESBURG (Reuters) - South Africa's central bank has told top lenders they cannot fire auditor KPMG, entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said.KPMG sacked its South African leadership two weeks ago after it found work the accounting firm had done for companies owned by the Gupta family "fell considerably short" of its standards.KPMG has said it will ask a senior legal figure to conduct an external investigation into whether its South Africa-based ...

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First Published: Fri, September 29 2017. 15:52 IST