Motlanalo to access EY's resources, teams and expertise through new partnership
Motlanalo's Koko Khumalo: "I have been waiting for an opportunity to empower my staff."
Motlanalo and EY announced their partnership on Monday, aimed at enabling EY to leverage Motlanalo’s skills and knowledge and giving Motlanalo access to EY’s global network of resources, integrated teams and auditing expertise.
Motlanalo, a 100 percent black owned audit and advisory practice founded by Koko Khumalo, a former senior partner at EY, will continue to operate from its current offices under the name Motlanalo Incorporated. It will remain independently owned and managed.
“I have been waiting for an opportunity to empower my staff by growing their skills set and exposing them to different auditing environments – something that has remained difficult for us to achieve to the fullest to date. Through this partnership, our three offices will have access to unrivalled growth and learning opportunities,” says Koko.
Ajen Sita, EY Africa CEO, says that the partnership will allow Motlanalo to gain audit experience in the private sector, with initial focus on bank audits, on the back of EY’s own growth and capability in that sector.
“Through this partnership we are able to ensure that practical skills of handling complex client matters are transferred – in a segment of our market that has been traditionally difficult to access by emerging audit firms.”
He adds that this allows EY to demonstrate its commitment to the South African transformation and inclusive growth agendas. “By being part of Motlanalo’s growth journey, we continue to live our purpose of building a better working world.”