Centurion, Gauteng, 28 February 2017 – Representatives from Nexia SAB&T and Indyebo, announced today that the two companies will be merging effective 1 March 2017. The business will continue to trade under the Nexia SAB&T brand, to emphasise its ties to the 10th largest international network in the sector, Nexia International.
Nexia SAB&T is a top ten audit, accounting and consulting professional services provider, with a history that dates back to the birth of democracy in South Africa, having been founded in 1994. Nexia SAB&T has always strived to reflect the demographics of the country in its ownership structure, while providing a service to its clients that is inspired by a vision to be “Closer to you!”
Indyebo is a progressive Black female owned firm that offers assurance, advisory and consulting services and has an outstanding reputation for quality, excellence and integrity.
The merger has come about as a natural development out of several projects undertaken by Nexia SAB&T and Indyebo jointly. Nexia SAB&T has long identified Indyebo as a candidate for its enterprise development initiatives and as such shared a long and mutually beneficial shared relationship with Indyebo over the years. With the other Black owned assurance provider firms in the market having experienced growth in the past years, this merger will see Nexia SAB&T solidifying its position among South Africa’s top ten audit firms as well as, as one of the premier Black empowerment firms.
Nexia SAB&T is truly a multi-disciplinary professional service provider, with a wide range of services and accreditations in the audit, accounting and consulting fields. These include JSE accreditation for the conduct of audits of listed entities, a national footprint with offices in each of South Africa’s nine provinces and experience in the private and public sector at all levels.
Bashier Adam, CEO and founder of Nexia SAB&T explained the new direction of the merged company as follows: “This merger is in line with Nexia SAB&T’s vision to entrench itself as a top Black empowerment professional services firm in South Africa. We have no doubt that the addition of Indyebo and particularly Ms Ndumi Medupe will go a long way to achieving this!”
Indyebo has experienced highs and lows since its inception in 2007 and with the enhanced capacity brought about through the merger with Nexia SAB&T, is now ready for bigger challenges. This includes exposure to JSE Listed Assurance Services and a national footprint.
Ndumi Medupe, CEO and founder of Indyebo expressed enthusiasm for the merger: “By merging with Nexia SAB&T we will attract clients in new sectors and geographical locations to create a formidable professional services firm in SA. I believe the market is ready for strong, empowered brands and this merger will solidify the firm’s position. These are truly exciting times.”
The “new” Nexia SAB&T is set to continue to chart a course that sees it living its vision of being “Closer to you” through professional services that provide strategic, innovative, resource management advice to its clients.