Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013
South Africa Flag small

26102

BDO South Africa to merge with Grant Thornton Cape Town and Port Elizabeth offices

RELATED TOPICS​

The Cape Town and Port Elizabeth offices of Grant Thornton will be merging with BDO South Africa with effect from 1 March 2018. The merger will consolidate the BDO and Grant Thornton Cape Town offices under the BDO brand, and BDO will again be represented in Port Elizabeth.

The merged firm will offer 413 professional staff, including 35 partners and directors, across both Cape Town and Port Elizabeth, bringing the South African BDO firm’s total staff complement to just over 1,000 employees. Services offered include the full spectrum of professional services, including audit, business services and advisory, tax, corporate finance, cyber lab, HR advisory, internal audit and forensics, legal services, risk and tech advisory services.
 
BDO South Africa CEO, Mark Stewart, says: “This is an exciting development that will have a significant impact on the future growth and sustainability of BDO in South Africa.”
 
“The demand for in-depth expertise is increasing, with technical and industry advice in high demand. Critical to this merger is our ability to scale up and to leverage the opportunities created by the changes in the auditing profession, including the introduction of mandatory audit firm rotation. BDO will now be in a far stronger position to take advantage of opportunities in the market and to provide the market with a significant alternative to the competition. Many of the partners and staff now joining us are former BDO partners and staff and, as such, bring with them their BDO history and values. We believe that this will strongly complement and strengthen the culture of our existing offices, and the firm as a whole.”

Latest News

Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds..
EFAMA has commented on today’s vote by the European Parliament in favour of a new..
Morgan Stanley Investment Management (MSIM) has announced the launch of the MS INVF Systematic Liquid..

Related Articles

Juan Nozal, Mapfre Asset Management
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024, in what he predicts will be an outstanding year for this asset class...
Juan Nozal, Fixed Income Portfolio Manager at MAPFRE Asset Management, talks about the outlook for fixed income assets over 2024,..
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US are committed to implementing a variety of measures to address climate change and reach their net-zero goals, according to Cerulli Associates...
n response to the increased attention to climate change risk, institutional investors, asset managers, and asset owners in the US..
Lord Hollick, House of Lords
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with genuine independence from government and how they are held to account...
A House of Lords committee has raised “significant concerns” over the role of UK regulators, their ability to operate with..
Rob Edwards, Morningstar
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed bag in 2023...
The complexities of assessing performance from responsible investment strategies have been laid bare after Morningstar’s ESG indices delivered a mixed..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by