Business consulting services
Our business consulting services can help you improve your operational performance and productivity, adding value throughout your growth life cycle.
Business process solutions
We can help you identify, understand and manage potential risks to safeguard your business and comply with regulatory requirements.
Business risk services
The relationship between a company and its auditor has changed. Organisations must understand and manage risk and seek an appropriate balance between risk and opportunities.
As organisations become increasingly dependent on digital technology, the opportunities for cyber criminals continue to grow.
Forensic and investigation services
At Grant Thornton, we have a wealth of knowledge in forensic services and can support you with issues such as dispute resolution, fraud and insurance claims.
Mergers and acquisitions
Globalisation and company growth ambitions are driving an increase in M&A activity worldwide. We work with entrepreneurial businesses in the mid-market to help them assess the true commercial potential of their planned acquisition and understand how the purchase might serve their longer- term strategic goals.
Recovery and reorganisation
Workable solutions to maximise your value and deliver sustainable recovery
Transactional advisory services
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
We provide a wide range of services to recovery and reorganisation professionals, companies and their stakeholders.
The International Financial Reporting Standards (IFRS) are a set of global accounting standards developed by the International Accounting Standards Board (IASB) for the preparation of public company financial statements. At Grant Thornton, our IFRS advisers can help you navigate the complexity of financial reporting from IFRS 1 to IFRS 17 and IAS 1 to IAS 41.
Audit quality monitoring
Having a robust process of quality control is one of the most effective ways to guarantee we deliver high-quality services to our clients.
Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
Corporate and business tax
Our trusted teams can prepare corporate tax files and ruling requests, support you with deferrals, accounting procedures and legitimate tax benefits.
Direct international tax
Our teams have in-depth knowledge of the relationship between domestic and international tax laws.
Global mobility services
Through our global organisation of member firms, we support both companies and individuals, providing insightful solutions to minimise the tax burden for both parties.
Indirect international tax
Using our finely tuned local knowledge, teams from our global organisation of member firms help you understand and comply with often complex and time-consuming regulations.
Innovation and investment incentives
Dynamic businesses must continually innovate to maintain competitiveness, evolve and grow. Valuable tax reliefs are available to support innovative activities, irrespective of your tax profile.
Private client services
Our solutions include dealing with emigration and tax mitigation on the income and capital growth of overseas assets.
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business.
Outsourcing Changes to the Outsourcing legislation, specifically when offshoringSignificant changes to the dynamic of the financial services sector in recent years have shifted the paradigms in how we work. The increased digitisation of the workforce, changes in business models, globalisation, and remote working capabilities have led to a new approach to the delivery of services.
Asset management Inflation and tax planningThe recent onset of rapid inflation is an unwelcome development that is having a widespread impact on US businesses and tax planning.
An interview with Deepak Nagar
How do you assess the outlook for your economy?
The outlook has improved somewhat since the ANC’s Manguang conference at the end of last year. It is encouraging for business leaders to see the adoption of the national development plan, with various measures to tackle unemployment, poverty and inequality; measures to reassure investors; and a line drawn under the issue of nationalism. The latest IBR figures suggest optimism is in line with the BRIC average which seems about right.
The long term impact of the contagion of strikes in the mining sector is a concern and the mixed signals coming out of government even more so. There is no doubt that the violent strikes in the mining sector and the killings in Marikana hurt our country’s reputation as a destination of choice for foreign direct investment.
What are the top three strengths of your economy as a potential target for investors?
Our financial systems are sophisticated, robust and well regulated. South African banking regulations rank with the best in the world, while the sector has long been rated among the top 10 globally. Foreign banks are well represented and electronic banking facilities are extensive, with internet banking a growth feature of the sector.
A mature, efficient, secure market with a world class securities exchange. The JSE Limited is the largest securities exchange in Africa and it also rates amongst the top 20 exchanges in the world in terms of market capitalisation.
The country has world-class infrastructure, including a modern transport network, relatively low-cost and widely available energy, and sophisticated telecommunications facilities. These were significantly upgraded and expanded ahead of the 2010 FIFA World Cup, but the investment didn’t stop there. The government has identified massive infrastructure projects as key to boosting the country’s economic growth rate and creating employment, and is spending billions on getting the investment ball rolling.
What three things should business leaders be aware of when investing in your economy?
Exchange control is virtually non-existent. Thus, the ease of funds introduced and remitted is extremely comforting for foreign investors.
South African businesses face fewer constraints to business expansion that their BRIC (Brazil, Russia, India and China) counterparts.
South Africa has very competitive labour costs. For professional jobs, labour costs are less than half of the cost of European countries. For manufacturing jobs, labour costs are around a third of the cost of Europe.
What sectors does your firm specialise in?
We have experts in a number of sectors including mining, tourism, hospitality & leisure, real estate & construction, sustainability/cleantech and food & beverage.
Deepak Nagar is National Chairman, Grant Thornton South Africa.