BDO South Africa acquires division of SNG Grant Thornton's Durban office
BDO South Africa has already acquired SNG Grant Thornton's Cape Town, Johannesburg and PE offices.
BDO South Africa has acquired a division of SNG Grant Thornton’s Durban office as of 1 April. This follows the integration of Grant Thornton’s Cape Town, Johannesburg and Port Elizabeth offices into BDO in 2018.
During 2019, BDO also acquired 40 finance services experts to help the firm in offering audit and advisory services.
BDO South Africa CEO Mark Stewart said in a statement that the acquisition will take the firm’s revenues in South Africa to over R1.4 billion and its staff complement to over 1,600 people across seven offices.
He adds that the audit profession is still facing huge change and challenge, and the demand for in-depth, technical and industry expertise is critical. “I believe BDO is now in its strongest position ever to take advantage of new opportunities in the market and to provide clients and potential employees with the only alternative to the competition.”