RSS

Mergers & Acquisitions: It’s all about joining forces!!!

20 Apr

Mergers and acquisition has been a very interesting point in business. We have seen how some firms in the retail sector have been struggling to strike a deal. Let me not mention any names.

Today, this post is about mergers and acquisition. I am still a student with an interest in business affairs, having said that I am merely saying that my posts are based on readings and podcasts, very reliable sources for that matter.

Mergers and acquisition refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling and combining of different companies that can aid, finance, or help a growing company in a given industry grow rapidly without having to create another business entity. (Wikipedia,2010)

I was recently deeply inspired to follow a career in auditing. Ok, it is not like I was never interested in Auditing, I have always been, but with lots helluva doubts. Today, those doubts have been removed because two of the major black auditing firms, Sizwe Ntsaluba and Gobodo Inc are now sleeping in the same blanket. Oops, for the informal language, I mean these two firms have merged. Sizwe and Gobodo are headed by Victor Sekese and Nonkululeko Gobodo respectively. Both these firms have a good track record in the accounting sector. They have been in business for at least 25 years.

This merger comes at the right time in the accounting sector because it boast the black economic empowerment in the industry. Further than that, the thing I like about mergers is that it eliminate unnecessary competition, and it also increases the market share for the two combining firms.

The executive chairman Nonkululeko Gobodo said:

We intend on multiplying the firm in terms of number of staff and revenue within a short space of time. It will be the new house for black professionals.

The new company will be known as SizweNtsaluba & Gobodo. Will SizweNtsaluba & Gobodo be a big player outside of the big 4? The merger make this new company the fifth largest accounting firm in South Africa following The Big 4.

Matlhatsi le mahlogonolo go lena, Victor le Nonkululeko. You are an inspiration to upcoming black auditors.  To change the subject, do you know that the music industry is in trouble? That is reflected by EMI’s $2.5 billion loss last year.  All thanks to iSomething!!!!!

Picture courtesy of business Day

The picture above shows the company’s’ head Nkululeko Gobodo who sit as the executive chairman and Victor Sekese who is at the helm of the business as the CEO. The gentleman behind them is the  transaction adviser Mr Bartlett Hewu.

Source: Business Day

Advertisements
 
8 Comments

Posted by on April 20, 2011 in Business

 

8 responses to “Mergers & Acquisitions: It’s all about joining forces!!!

  1. masende

    April 20, 2011 at 9:27 pm

    dumi sucks for real….

     
    • Dumi-rocks

      April 20, 2011 at 9:47 pm

      Thank you. A good name you have “Masende”. Like you know you suck as me, you even call yourself Masende. You are an interesting person.

      So, Masende in case you are not aware, let me show you that even though you have hidden your identity, you can be traced. In case you are thinking of being stupid in future.

      Your IP address suggest that you are in South Africa.
      Your email address uses a yahoo domain name
      and lastly you used a University of Stellenbosch network.

      Thank you for your comment!!!!

       
  2. masende

    April 20, 2011 at 9:42 pm

    dumi sucks for real, “the thing I like about mergers is that it eliminate unnecessary competition….”, the last I heard about competition was that it is good for the market place, as it rations down prices which eventually filter down to the well being of all. Bagithi dumi sucks for real….

     
  3. masende

    April 20, 2011 at 10:28 pm

    as expected chickens always chicken out even when light is shone on their path, good writers thrive on critique for growth, so continue chickening from words of disguised advise you’ll remain forever young a writer, this is merely a nudge of caution to certain elements you use to convey your discussion: choice of words and the grammar of course. So my friend mind you, I like the concept but the structure of its execution leave gaping lope holes of inconsistencies to be use against you in the fierce world of writing. You can call me Mosasse…

     
    • Dumi-rocks

      April 24, 2011 at 1:35 pm

      Thank you very much for you constructive criticism. I value your comments very much!!!!

      Interesting question; How did you miss your surname though?

       
  4. Es

    April 20, 2011 at 11:09 pm

    I agree with M on the competition being good thing, the way you put it, friend, “it eliminate unnecessary competition”, sounds like you’re demonising competition. Anyway, I like this post cos you know M&A is my a fave subject-matter for me. In that note, I’m more interested now on whether the new company will expand into Africa, it would make sense, don’t you think?

     
    • Dumi-rocks

      April 24, 2011 at 1:38 pm

      There (about competition) I missed it Es. I did not substantiate properly. I agree, it would be very interesting if this company expand into Africa.

       
  5. Writers Wanted

    May 14, 2011 at 3:49 am

    We really need freelance writers desperately. After looking over this article, we really want you on our workforce. We offer $35 TO $50 hourly. Our top rated writers are pulling in over $90 THOUSAND per year, writing part-time.
    Please swing by and see us. http://write.ncsall.org

     

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: