South Africa’s Oakbay Resources appointed a local firm as its new auditors on Thursday after the local unit of KPMG ditched the company over allegations that its owners, the Gupta family, are wielding undue political influence. Oakbay Resources said SizweNtsalubaGobodo Inc, South Africa’s biggest black-owned accounting firm, had been appointed with immediate effect. Officials at SizweNtsalubaGobodo, which traces its roots to 1985, did not immediately respond to request for comment.
