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May 15, 2015

PKF International starts to recoup firm losses in South Africa

By Isabella Grotto

PKF International has added Rademeyer Wesson Chartered Accountants to its network in South Africa, making some progress in restoring its presence in the country following a series of losses over the past few years.

Established in 1994, Rademeyer Wesson counts 80 members of staff and six partners.

The Cape Town-based firm offers assurance, tax and advisory services to clients ranging in size from family businesses to small corporations.

The firm will be known as PKF Rademeyer Wesson effective 1 July 2015. According to PKF, the firm will begin participating in network-wide initiatives immediately.

Thanks to the latest addition, PKF International is present in Johannesburg, Durban, Cape Town, Port Elizabeth, Welkom and Knysna.

Rademeyer Wesson’s addition restores the presence in Cape Town PKF lost in January 2014 through its then firm’s merger with Grant Thornton Cape Town.

In 2013, PKF Johannesburg merged with Grant Thornton South Africa’s office in the city, with Grant Thornton assimilating the ZAR 100m ($11m) firm.

In September of the same year, Mazars South Africa also took over PKF’s offices in Bloemfontein and Pretoria.

PKF International chief executive officer John Sim welcomed the addition as re-establishing PKF’s "national footprint" across South Africa’s key commercial centres.

PKF South Africa chief executive officer Kevin Gertenbach said: "We have worked very hard to find the right firm to join us in Cape Town, and Rademeyer Wesson ticks all the boxes."

Related articles:http://www.internationalaccountingbulletin.com/news/pkf-johannesburg-and-grant-thornton-sa-merge/http://www.internationalaccountingbulletin.com/news/mazars-south-africa-merges-with-two-pkf-offices/http://www.internationalaccountingbulletin.com/news/pkf-cape-town-joins-grant-thornton-international-with-merger/

 

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