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Restructuring news in South Africa
An overview of news, trends and research in Restructuring consulting in South Africa:
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Restructuring consultants trying to save South African Airways
Consultants in charge of rescuing South African Airways (SAA) have announced that they will cut the airline’s whole staff from the payroll, following growing pressure from a variety of factors.
28 April 2020
Alvarez & Marsal brought on board SAA rescue operation
Global management consultancy Alvarez & Marsal is now involved in the turnaround plan for South African Airways (SAA), having been called in to offer “objective, impartial insight” into SAA affairs.
09 January 2020
KPMG SA continues efforts to rebuild its reputation
KPMG has made yet another push towards rebuilding its profile in the South African market, through the appointment of two new Independent Directors to its board.
09 December 2019
Bain appoints an African Oversight Board to ensure risk-free operations
Following a turbulent period of significant reputational damage in the South African market, Bain & Company has appointed a new African Oversight Board to assess the risks behind its projects.
01 July 2019
BDO seeks legal action against Bell Pottinger Partners to recover funds
Following revelations around the illegal activities conducted during the racial scandal in 2017, global accounting and advisory firm BDO is set to bring legal action against several executives at col
08 May 2019
The new profile and practices of KPMG South Africa after restructuring
Following its involvement in a number of major infamous scandals over the course of last year, global professional services firm KPMG now published a report detailing the comprehensive structural and
18 March 2019
PwC called upon to identify specific issues in Tongaat Hulett's finances
Following a sudden financial decline that saw its value drop to its lowest level for more than two decades, South African agriculture and agri-business firm Tongaat Hulett has appointed global profes
15 March 2019
Eskom's restructuring might prove detrimental to its future prospects
In response to protracted financial troubles at the state-owned entity, South African President Cyril Ramaphosa has announced plans to restructure operations at Eskom.
14 February 2019
Ncoded Solutions begins overall restructuring with senior appointment
Gauteng-based consulting firm Ncoded Solutions has made a new appointment to its senior ranks.
21 November 2018
KPMG South Africa shuts down running club as part of cutbacks
The casualties of KPMG’s damage control efforts in South Africa continue are still emerging, the latest being the global professional services firm’s Running Club, which it has now shut down.
14 September 2018
HDI Youth Marketeers expands operations, rebrands corporate identity
Johannesburg youth consultancy HDI Youth Marketeers has entered a phase of transition, after rebranding its corporate identity to better match the firm’s goals and objectives going forward.
11 September 2018
KPMG SA to cut staff and fly in international reinforcements for damage control
Following alleged involvement in the Gupta scandal, and the prolonged period of persecution that has followed, global professional services firm KPMG has announced yet another restructuring of its op
27 June 2018
CEO of SAA says spending on consultants is crucial to turnaround strategy
Following widespread outcry in the media and amongst the general public around the recent expenditure levels at South African Ariways – including a R25 million contract with Deutsche Bank for restruc
12 June 2018
Blue Pencil Consulting wins level 3 B-BBEE status after restructuring
Johannesburg-based Blue Pencil Consulting has become the latest South African firm to achieve B-BBEE certification, having undergone a restructuring process in recent months.
19 April 2018
Digital marketing consultancy iShack revamps its operations in South Africa
South African digital innovation consultancy iShack has undergone a makeover, complete with the revamping of its website and the enhancement of its product and solutions offerings.
05 April 2018
Leading B-BBEE consultant says the scheme is fundamentally sound
Dionne Kerr, founder and CEO of Siyakha Consulting, has weighed in on the Broad-Based Black Economic Empowerment (B-BBEE) debate.
16 February 2018
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