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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  African Rainbow Minerals Ltd    ARIJ   ZAE000054045

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African Rainbow Minerals : fires KPMG as auditor

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10/23/2017 | 01:06pm CET
FILE PHOTO: The offices of auditors KMPG are seen in Cape Town

South African miner African Rainbow Minerals dropped KPMG as its auditor on Monday, joining a host of other local companies breaking ties with the firm caught up in an influence-peddling scandal.

KPMG has been losing clients after its own investigation last month found flaws in work it did for the tax collection agency and the Gupta family, wealthy businessmen accused of using their friendship with President Jacob Zuma to win government contracts.

The Guptas and Zuma deny wrongdoing and say they are victims of a politically motivated witch-hunt.

(Reporting by Tiisetso Motsoeneng; Editing by James Macharia)

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Financials ( ZAR)
Sales 2018 9 660 M
EBIT 2018 1 371 M
Net income 2018 4 466 M
Finance 2018 1 452 M
Yield 2018 6,87%
P/E ratio 2018 6,13
P/E ratio 2019 8,77
EV / Sales 2018 2,87x
EV / Sales 2019 2,67x
Capitalization 29 195 M
Chart AFRICAN RAINBOW MINERALS L
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African Rainbow Minerals L Technical Analysis Chart | ARIJ | ZAE000054045 | 4-Traders
Technical analysis trends AFRICAN RAINBOW MINERALS L
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TrendsBullishBullishBullish
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 137  ZAR
Spread / Average Target 3,4%
EPS Revisions
Managers
NameTitle
Michael P. Schmidt Chief Executive Officer & Executive Director
Patrice Tlhopane Motsepe Executive Chairman
Abigail Muelelwa Mukhuba Chief Financial Officer
Johan M. Pistorius Chief Information Officer
Wilson Mangisi Gule Independent Non-Executive Director
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