Tuesday, May 21, 2019 UTC

AGF Magazine - April 2019 issue

  • In a region where only a minority of the population has access to a bank account and SMEs struggle to get financial help from traditional banks, Albert Alsina, CEO and Founder of Mediterrania Capital Partners, explains how the PE industry is becoming a catalyst for the African Fintech ecosystem’s development, enabling large-scale banking and supporting entrepreneurs and SMEs in their expansion plans (pp. 10-12).
  • In this month’s issue of Africa Global Funds, we also caught up with Kenneth Kaniu, Britam Asset Managers CEO, to learn about their anchor investment in Tiserin Capital, and the needs and constraints of institutional investors in Kenya and East Africa (pp. 14-15).
  • On the infrastructure front, we hear from Moritz Breickmann, Investment Director at African Infrastructure Investment Managers (AIIM) who showcases some successful airport redevelopments in Africa. Read on to find why airport infrastructure projects on the continent can provide attractive long term returns to investors (p.17).
  • In this month’s issue we also learn that the FTIF Templeton Africa Fund was merged into the FTIF Templeton Frontier Markets Fund. We speak with Ahmed Awny and David Haglund about the Fund and its African investments (p.16).
  • Finally, Rob Childs, Head of International for Prescient Fund Services shares his views on the global distribution challenges facing African fund managers and why the firm decided to domicile their offshore fund range in Ireland (p. 22).
  • Subscribe Download
News > Asset Servicing

EY partners with black-owned auditing firm

Africa Global Funds
Dec. 12, 2018, 2:22 p.m.
727

Word count: 299

EY has announced a strategic partnership with Motlanalo Chartered Accountants and Auditors Incorporated, a 100% black women owned audit and advisory practice in South Africa.

Receive ONE magazine and TWO locked articles of your choice for FREE when you register an account
Share:

EY has announced a strategic partnership with Motlanalo Chartered Accountants and Auditors Incorporated, a 100% black women owned audit and advisory practice in South Africa.

The aim of the partnership is to enable the parties to leverage Motlanalo’s skills and knowledge, in tandem with them gaining access to EY’s global network of resources, integrated teams and auditing expertise.

Motlanalo currently employs 23 permanent staff and is on a strong growth trajectory. 

The firm’s founding partner, Koko Khumalo, is a former Senior Partner at EY. 

Khumalo has amassed more than two decades of experience in professional services, in both client service and practice management roles.

Ajen Sita, EY Africa CEO, said: “This partnership will allow Motlanalo to gain audit experience in the private sector, with initial focus on bank audits, on the back of EY’s own growth and capability in that sector.”

“Through this partnership we are able to ensure that practical skills of handling complex client matters are transferred – in a segment of our market that has been traditionally difficult to access by emerging audit firms.”


The firm will continue to operate from their current offices under the name Motlanalo Incorporated, and will remain independently owned and managed. 

“I have been waiting for an opportunity to empower my staff by growing their skills set and exposing them to different auditing environments – something that has remained difficult for us to achieve to the fullest to date. Through this partnership, our three offices will have access to unrivalled growth and learning opportunities,” commented Koko Khumalo.   

“This is one way we are demonstrating our commitment to the South African transformation and inclusive growth agendas. By being part of Motlanalo’s growth journey, we continue to live our purpose of building a better working world,” added Sita.
 

Registration Login
Sign in with social account
or
Lost your Password?
Registration Login
Sign in with social account
or
Registration Login
Registration