http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.14Change: 0.11
R/$ = 11.19Change: 0.09
Au 1214.23 $/ozChange: -2.03
Pt 1274.00 $/ozChange: -14.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 27, 2012

BBBEE verification services offering launched

Back
Engineering|Africa|Grant Thornton South Africa|IQuad Verification Services|Africa|South Africa|Services|Verification Services|Deepak Nagar|Wade Van Rooyen|Maryland
Engineering|Africa||Africa||Services|||
engineering|africa-company|grant-thornton-south-africa|iquad-verification-services|africa|south-africa|services|verification-services|deepak-nagar|wade-van-rooyen|maryland
© Reuse this



Audit and business advisory firm Grant Thornton has launched a nationwide broad-based black economic-empowerment (BBBEE) verification services offering division.

The new business offering will assist busi-nesses in navigating current and future BBBEE legislation, including the proposed changes to the codes of good practice, which are becoming increasingly complex for businesses.

IQuad Verification Services former MD and current Grant Thornton Verification Ser-vices MD Wade van Rooyen tells Engineering News that BBBEE is a demanding field, which is rapidly growing and, with the legislation changing, companies will certainly realise that BEE affects all of them.

This is part of the firm’s continuing drive to unlock growth opportunities for dynamic organisations. The new business division was born out of Grant Thornton’s acquisition of a majority stake in IQuad Verification Services, formerly a subsidiary of JSE-listed diversified financial services company the IQuad group.

“Our decision to acquire this business emphasises the similar values, ethics and processes that our two businesses share. Inte- gration provides our clients with an oppor-tunity to further capitalise on new business prospects,” says Grant Thornton South Africa chairperson Deepak Nagar.

“We are excited to join the Grant Thornton fold at a time when dealing with BBBEE com- pliance is an imperative for all success- ful businesses,” says Van Rooyen.

Companies that do not take the time to address BBBEE compliance will find themselves unable to compete effectively. Poor BBBEE scores are increasingly posing structural constraints to the growth of individual businesses.”
Grant Thornton South Africa has a staff complement of 820, with revenues in excess of R412-million. This further cements the firm’s position as the fifth-largest auditing firm in South Africa by fee income.
Last year, Grant Thornton Capital, an inde- pendent financial advisory businesses for over 20 years, announced the total acquisition of First Light Administration Services, a retire-ment fund administrator providing services to listed and privately owned employers.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other News This Week News
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Article contains comments
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
More
 
 
Latest News
Finance Minister Nhlanhla Nene
Updated 9 minutes ago The Public Investment Corporation (PIC) is to sink $1-billion into African investments and equities, according to Finance Minister Nhlanhla Nene. "The PIC will, in the new financial year, also focus on developmental investments in Africa, with a minimum commitment of...
Updated 2 hours 4 minutes ago The lateral movement in the South African Chamber of Commerce and Industry’s (Sacci’s) Copper Theft Barometer for August could again point to the possibility that levels of copper theft were stabilising, the chamber noted on Thursday. The Copper Theft Barometer...
Mark Shuttleworth
Updated 3 hours ago The Supreme Court of Appeal (SCA) on Wednesday ordered the South African Reserve Bank (SARB) to repay entrepreneur Mark Shuttleworth R250-million plus interest in a case about exchange controls. In a statement on his website, Shuttleworth pledged to put the money,...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
The South African new vehicle market is likely to reach around 630 000 units in 2014, down from the 650 000 units recorded in 2013, says Toyota South Africa Motors (TSAM) president and CEO Dr Johan van Zyl. Van Zyl is also president of the National Association of...
Efforts by the Kenya government to increase energy generation by 5 000 MW over the next three years received a major boost following the award of a $2-billion contract to build a coal power plant in Lamu.  Despite allegations of irregular tendering process, the...
Using crafty wordplay on a well-known Internet meme, brilliant South African-born US entrepreneur and businessperson Elon Musk announced that Tesla Motors would not initiate patent lawsuits against anyone who, in good faith, wanted to use its technology. Instead,...
August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks