DURBAN, 27 FEBRUARY 2008. Deloitte merges with black-owned professional services firm Siyaya Inc., the global professional services firm announced today.
According to both parties, the merger provides great growth opportunities.
Says Grant Gelink, CEO of Deloitte SA: “We are very proud to welcome back the Siyaya directors and their team to Deloitte. In these times of skills shortage in the country, any opportunity to renew old friendships with Deloitte-trained talent is a real bonus for the firm. Siyaya bring skills and abilities that will allow us to explore growing our businesses into different areas to the mutual benefit of both parties.”
“In addition, Siyaya have proved they can build a successful business from scratch. Those skills are rare and the expertise they have gained outside the firm makes them all the more attractive as leaders and role models in our partnership.” With the merger, the four founding directors of Siyaya will become partners at Deloitte. They are Sikhumbuzo Mtshali, Siyabonga Dube, Mthokozisi Luthuli and Mandisi Mantyi. Further, it is the intention that all members of Siyaya staff transfer to Deloitte.
For Siyaya, the merger was the next logical step on the growth path. Says Siyaya CEO Sikhumbuzo Mtshali: “We’d proved to the market that we could run a successful business, but in order to grow to the next level, we needed to make a significant capital investment in world class systems and processes. This merger with Deloitte gives us that access to international best practice training, systems and methodologies as well as access to a wider range of clients and industries. In addition, this provides increased capacity to help deliver great work to all our clients.
“As Deloitte alumni, we’ve always stayed in touch with the firm. We have also worked with the firm as part of a consortium on a number of projects, so that understanding of the culture and the approach to client service helped us decide that Deloitte would be the natural choice for our progression and our career aspirations,” concluded Mtshali.
FOR FURTHER INFORMATION PLEASE CONTACT:
Shirley Williams
083 303 1663
and
Rosemary Renton
Corporate Communications Consultants (Pty) Ltd
Tel: (011) 783 8926
Email: rosemaryr@corpcom
ON BEHALF OF:
Deloitte
CONTACT: Grant Gelink
CEO: Deloitte SA
Tel: (011) 517 4322
And
Sikhumbuzo Mtshali
Tel: 082 328 3804
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms, and their respective subsidiaries and affiliates. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in over 140 countries. With access to the deep intellectual capital of approximately 150,000 people worldwide, Deloitte delivers services in four professional areas—audit, tax, consulting, and financial advisory services—and serves more than 80 percent of the world’s largest companies, as well as large national enterprises, public institutions, locally important clients, and successful, fast-growing global companies. Services are not provided by the Deloitte Touche Tohmatsu Verein, and, for regulatory and other reasons, certain member firms do not provide services in all four professional areas.
As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other’s acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names “Deloitte,” “Deloitte & Touche,” “Deloitte Touche Tohmatsu,” or other related names.
In Southern Africa, Deloitte & Touche is the member firm of Deloitte Touche Tohmatsu, and services are provided by Deloitte & Touche and its subsidiaries. Deloitte & Touche is among the region’s leading professional services firms, providing audit, tax, consulting, and financial advisory services through over 3600 partners/directors and staff in more than 16 offices in Southern Africa. Known as an employer of choice for its innovative human resources programme, it is dedicated to helping its clients and its people excel. For more information, please visit the Southern Africa website at www.deloitte.com/za.
