• Register
Return to: Home > News > Advisory > Morison KSi South African member firm joins Grant Thornton

Morison KSi South African member firm joins Grant Thornton

SizweNtsalubaGobodo has left Morison KSi to join Grant Thornton creating snowball effect consequences on the ranking tables in South Africa.

SizweNtsalubaGobodo  will merge with Grant Thornton existing South African member firm, Grant Thornton South Africa, and the new entity will rebrand into SizweNtsalubaGobodo Grant Thornton.

This move could have a considerable impact on Morison KSi who in financial year 2017, was ranked as the largest association in South Africa with a reported total fee income of ZAR 586.1m, of which ZAR 549.7m came from SizweNtsalubaGobodo.

On the other hand, in the same year end Grant Thornton was comfortably ranked as the 5th largest network in South Africa with reported fee incomes of ZAR 677.5m, ahead of BDO by ZAR 147.3m.

With the addition of SizweNtsalubaGobodo, Grant Thornton is expected to consolidated its position as the largest Mid-Tier network in South Africa.

SizweNtsalubaGobodo is one of a few firms referred to as 'emerging firms' in South Africa, which are led by black South Africans and part of the whole effort of transformation towards more inclusion of previously disadvantaged groups in the economy.

SizweNtsalubaGobodo CEO Victor Sekese commented: “The integrated firm will preserve and build on the identity and reputation of SizweNtsalubaGobodo. This is a very significant development in the proud history of our firm since we will be part of a global organisation that respects and celebrates our heritage.”

Top Content

    Blockchain and the Big Four: does it deserve all the hype?

    Although still in its infancy, blockchain is one of the most talked-about technologies of 2018. Will the blockchain bubble burst, or will it live up to its reputation as the ‘new internet’? Eleanor Jerome investigates

    read more

    Malaysia: Ready to show its strength

    Recent changes have enhanced the quality of audit reports in Malaysia, giving the profession a welcome opportunity to demonstrate its value to clients. Paul Golden reports

    read more

    China: Regulating the Chinese dragon

    Harsh regulatory actions and looming US trade wars have been dampening expectations in a Chinese market still full of potential, finds Jonathan Minter

    read more

    Indigenous Australians: New checks and balances

    With fewer than 40 known qualified Indigenous Australian accountants, Jonathan Minter speaks to Shelley Cable from PwC Australia about how increasing this number is an important part of improving the financial literacy of Indigenous communities

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.