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Response to Post Merger Reorginisation Website

I would like to take this opportunity to address the existing rumours regarding the current reorganisation of SizweNtsalubaGobodo’s operations.

Following an in-depth analysis of the current organisational structure, management engaged with the Board of Directors and have agreed to embark on a post-merger reorganisation process. Since the firm’s merger in 2011, the board feels it is now in a position to accurately take stock of the business and best position it for further growth.

The effect of the exercise is that contracts for 31 people were not renewed. These are mostly staff members that have completed training and had not qualified as chartered accountants. The 31 people affected are out of total staff complement of 1020. This has not distracted us from our purpose of building a legacy. We continue with our bursary commitment of R6m per annum impacting on close to 100 previously disadvantagedstudents. Our efforts were recently recognised by ABASA for producing the highest number of black chartered accountants in the black firm category.

In addition we continue to take intake of close to 200 trainees on an annual basis. In the current year the new trainees that we employed were 174.

It is a normal practice in the profession to continually take in new trainees and release a number of trainees that competed training after they completed 3 years of articles. It thus remains business as usual across all of our operations.

All of the firm’s executives, including myself, will remain in their current capacity and are confident that in keeping with our ongoing efforts to position ourselves as a high performance organisation, promoting the right mix of skills at all levels will do much to ensure increased efficiency.

In closing, I would like to reiterate that both myself and the firm remain committed to providing all our clients and service providers with the same level of service they have come to expect from SizweNtsalubaGobodo. As a firm we are confident that we have the right qualifications and skills to continue our growth strategy.

Warm regards,
Victor Sekese
CEO, SizweNtsalubaGobodo