http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.29Change: -0.14
R/$ = 12.15Change: -0.08
Au 1188.65 $/ozChange: 2.05
Pt 1117.00 $/ozChange: -2.50
 
 
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
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Electricity News
Kenya reduced the cost of connecting houses to the electricity grid by 57% on Wednesday to double the share of the population with electricity to 70% by 2017. East Africa's largest economy is struggling with ageing energy infrastructure and the government has said it...
Tanzania said on Thursday it had signed a $70.5-million loan with the African Development Bank (AfDB) to finance reforms in the east African nation’s energy sector. AfDB is among a group of donors that withheld nearly $500-million in budget support to Tanzania last...
Article contains comments
IMD World Competitiveness Center director Arturo Bris
South Africa slipped one position, from 52 to 53, in the latest world competitiveness ranking, which highlighted power and infrastructure shortfalls, high youth unemployment, as well as inadequate education and technical skills availability as key challenges to the...
Article contains comments
More
 
 
Latest News
Updated 4 hours ago Irish Foreign Affairs and Trade Minister Charles Flanagan told media on Thursday that Ireland was well positioned to play a greater role in Africa, particularly in the aviation, pharmaceuticals and agricultural industries. Flanagan was this week leading a high-level...
Updated 4 hours ago The Lesotho Highlands Development Authority (LHDA) has appointed three consultants for work packages as part of Phase 2 of the Lesotho Highlands Water Project (LHWP). The contracts, worth a collective M40-million, were awarded to the SMEC-FMA joint venture (JV);...
Updated 4 hours ago JSE-listed Huge Telecom continued to grow its distribution capabilities during the year ended February 28, with the number of business partners increasing by 136, or 47%. Huge Telecom’s connectivity services, which were distributed mainly to small and medium...
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
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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