Saturday, March 23, 2019 UTC

AGF Magazine - March 2019 issue

  • We focus on fixed income opportunities in both public and private markets. Read on to find in which fixed income instruments and in which African markets to invest on pp. 10-11. In addition, Ashley Benatar of Ashburton Investments shares his views on benefits and risks of investing in mezzanine debt on p.22.
  • We speak with Jérémie Ceyrac, Head of Equity, Responsible Investments at Proparco to learn more about the French development institution, financial products on offer, recent investments in Africa and African impact investment scene (pp. 13-15).
  • This month’s market feature focuses on Nigeria. Sven Richter, Fund Manager, Drakens Capital, writes about his recent trip to the West African country and his observations. “While Nigeria is attractive as an investment destination, the GDP growth is a disappointment for a county that we expect to be one of the leaders in Africa,” he says (pp. 16-17).
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News > Asset Servicing

EY partners with black-owned auditing firm

Africa Global Funds
Dec. 12, 2018, 2:22 p.m.
529

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.

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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.
 

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