http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.04Change: -0.16
R/$ = 12.07Change: -0.10
Au 1204.60 $/ozChange: 1.40
Pt 1170.50 $/ozChange: 4.00
 
 
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 Letters 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 Electricity News
Zimbabwe plans to build new power stations to generate 3 500 MW at a cost of $5-billion, the national power company said, in a bid to end chronic power cuts that have damaged the economy. Local industries are forced to use costly diesel generators to keep operations...
South Africans could soon experience their first-ever stage four load-shedding, after Eskom confirmed that the stage allocation would be altered. The current stages of load-shedding are stage 1, when 1 000 MW is cut from the grid; stage 2, when 2 000 MW is cut from...
More
 
 
Latest News
Two influential US senators, central to the so-called ‘chicken war’, have announced their intention to pursue amendments to the African Growth and Opportunity Act (Agoa) to secure greater access for US poultry into the SA market. “We believe passionately in Agoa’s...
The Independent Communications Authority of South Africa (Icasa) on Friday published the findings of a discussion document on South Africa’s television and radio local content environment. Icasa last year requested industry input as it reviewed and revamped...
Buying the catering unit of cash-strapped state airline South African Airways (SAA) could work for Bidvest Group, its chief executive said on Friday. SAA is considering selling some of its units including its inflight and airport lounge catering business, Air Chefs,...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
 
 
 
 
 
This Week's Magazine
Today’s organisations execute projects within increasingly complex environments – particularly in the engineering sector. The ability to successfully execute these projects is what drives the realisation of successful projects and, ultimately, the achievement of...
SMART DISTRIBUTION Providing funds to introduce smart grid technologies in the absence of a clearly defined strategy will not result in the desired outcome
South Africa’s distribution grid is a twentieth-century relic, which must be changed to serve the country’s modern electricity needs, says South African National Energy Development Institute (Sanedi) Smart Grid Programme manager Dr Minnesh Bipath. “What we are...
There is a disparity in government funding provided to integrated transport networks – bus rapid transit (BRT) networks ¬¬– and that given to conventional bus services, says Putco executive director Thys Heyns. “We have neglected and strangled conventional bus...
The Johannesburg Social Housing Company (Joshco) is building 502 rental housing units, valued at R200-million, in Dobsonville, Soweto, which are scheduled for completion in June 2016.
Automotive component manufacturer and distributor Metair is centralising its research and development (R&D) work in Turkey, in an attempt to bolster the company’s ability to produce affordable start/stop batteries. The new R&D centre is part of an expansion plan in...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96