MGI RAS - Business information form
2024
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $3,347,563.98
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2024
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 13
- Number of Partners/Principals who are women
- 5
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 72
- Number of staff who are women
- 46
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 10
- Number of offices
- 5
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 99% | Patrick Kubai |
| Accounting | 0% | Jerome Andrews |
| Tax | 0% | Patrick Kubai |
| Legal | 0% | Tshegofatso |
| Business advisory | 0% | Jerome Andrews |
| Other services, if any (please list here and give total %) | ||
| Training | 1% | Millycent Mashele |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | Vulcan Sibuyi | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Patrick Kubai | [email protected] |
| Person responsible for Information Technology | Zandile Tshabalala | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 9 | $3,344,615.65 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 0 | $0.00 |
| Public Interest Entity* audit clients, except listed companies | 0 | $0.00 |
| Audit clients listed on a stock exchange in your own country | 0 | $0.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 2
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 24-48 hours
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $2,645.50
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- Africa Regional Members.
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- 2023 MGI AFRICA Regional Conference -Mauritius 2023 WorldWide Regional Conference.
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered Accountants ACCA - Association of Certified Chartered Accountants SAIGA - Southern African Institute of government Auditors
Auditors
Yes
- Membership number/reference
- IRBA – Independent Regulatory Board of Auditors
Tax advisors
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered Accountants
Other profession
Yes
- Specify which
- Internal Audit
- Membership number/reference
- CIA
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- annually and based on risk
- What is (are) the name(s) of the reviewing organisation(s)?
- IRBA and AGSA
- What was the date of your last external review?
- 31st July 2024
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- Yes
- Do you carry Professional Indemnity (PI) insurance?
- Yes
- Comments, if any, on PI
- None
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- Quality review - AGSA review once a year. IRBA review is on a risk basis
2023
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $2,553,002.00
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2023
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 9
- Number of Partners/Principals who are women
- 5
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 58
- Number of staff who are women
- 37
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 9
- Number of offices
- 3
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 86% | Patricia Stock |
| Accounting | 14% | Jerome Andrews |
| Tax | 0% | Patricia Stock |
| Legal | 0% | Patricia Stock |
| Business advisory | 0% | Jerome Andrews |
| Other services, if any (please list here and give total %) | ||
| Training | 0% | not filled |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | Vulcan Sibuyi | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Patricia Stock | [email protected] |
| Person responsible for Information Technology | Zandile Tshabalala | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 8 | $2,203,387.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 0 | $0.00 |
| Public Interest Entity* audit clients, except listed companies | 0 | $0.00 |
| Audit clients listed on a stock exchange in your own country | 0 | $0.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- 9
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- Yes
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 48 hours
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- 0
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $0.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- 0
- From members outside your country?
- 0
- From which countries abroad, if any, did you receive business? Please list
- None to date
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- Meeting in Kenya MGI AFRICA Regional Conference -Mauritius WorldWide Regional Conference. 5 Directors will be attending the conference in Bangkok
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered Accountants ACCA - Association of Certified Chartered Accountants SAIGA - Southern African Institute of government Auditors
Auditors
Yes
- Membership number/reference
- IRBA – Independent Regulatory Board of Auditors
Tax advisors
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered Accountants
Other profession
Yes
- Specify which
- Chartered Director
- Membership number/reference
- IoDSA - Institute of Directors of South Africa
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- annually and based on risk
- What is (are) the name(s) of the reviewing organisation(s)?
- IRBA and AGSA
- What was the date of your last external review?
- 31st July 2023
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- Yes
- Do you carry Professional Indemnity (PI) insurance?
- Yes
- Comments, if any, on PI
- None
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- Quality review - AGSA review once a year. IRBA review is on a risk basis
2022
Business dimensions
- Total gross annual turnover (revenue) in USD equivalent for the last completed financial year
- $2,389,928.00
- Date of end of financial year to which turnover and all data in this form refers
- 30th June 2022
- Please confirm that this turnover covers all branches and associated subsidiary firms which offer services to members and their clients, directly or indirectly
- Yes
- Number of Partners/Principals
- 6
- Number of Partners/Principals who are women
- 3
- Number of professional staff other than Partners/Principals. Professional staff means permanent employees of your firm qualified to carry out audit, accounting, tax advisory or consulting services.
- 53
- Number of staff who are women
- -
- Number of other staff. Those not included in Partners/Principals or professional staff above.
- 7
- Number of offices
- 2
Areas of service
| Service | Approximate % of turnover in the last financial year | English speaking key contact for this area |
|---|---|---|
| Audit and assurance | 99% | Patricia Stock |
| Accounting | 0% | Jerome Andrews |
| Tax | 0% | Patricia Stock |
| Legal | 0% | Patricia Stock |
| Business advisory | 1% | Jerome Andrews |
| Other services, if any (please list here and give total %) | ||
| Training | 0% | not filled |
| Total - all services (must be 100%) | 100% | |
Principal contacts
| Name | ||
|---|---|---|
| Person responsible for marketing | Hlamulo | [email protected] |
| (MGI Worldwide members only) - Person responsible for MGI network, Quality Assurance and Audit Independence | Patricia | [email protected] |
| Person responsible for Information Technology | Zandile | [email protected] |
Detailed audit service profile
| Type of audit client | No. of client | Total fee income (in USD for your last full financial year) |
|---|---|---|
| All audit clients | 8 | $2,363,157.00 |
| Audit clients which have branches, subsidiaries or parent companies outside your country | 0 | $0.00 |
| Public Interest Entity* audit clients, except listed companies | 0 | $0.00 |
| Audit clients listed on a stock exchange in your own country | 0 | $0.00 |
| Audit clients which are subsidiaries of companies listed on a stock exchange in another country | 0 | $0.00 |
International profile
- What is the main language of your firm (internally and with domestic clients)?
- English
- Number of public key contacts listed in this directory for your firm
- -
- Please confirm that all public Key Contacts listed in the directory offer fluent English.
- -
- Does your telephone operator/receptionist speak English?
- Yes
- What is the maximum time you allow in firm to respond to enquiries from fellow members?
- 48 hours
Outward business exchange
- How much business did you send to other members (in your country and abroad, including referrals) in the last financial year (gross fees in USD equivalent). In many cases this is likely to be a best estimate or even a guess based on the fees you would charge for the service. Include repeat business from referrals in previous years.
- $0.00
- Approximately how much of this was to members in your country?
- 0
- To members outside your country?
- -
Inward business exchange
- How much business did you receive from other MGI Worldwide members in the last financial year (gross fees in USD equivalent), domestic and international?
- $0.00
- How much of this total inward business was repeat business from previous years?
- $0.00
- Approximately how much of this total inward business was from members in your country?
- -
- From members outside your country?
- -
- From which countries abroad, if any, did you receive business? Please list
- None to date
- Please list which MGI Worldwide meetings* were attended by members of your firm in the last calendar year
- None due to timing of membership confirmation
Licensing and regulatory information
Accountants
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered AccountantsACCA - Association of Certified Chartered Accountants
Auditors
Yes
- Membership number/reference
- IRBA – Independent Regulatory Board of Auditors
Tax advisors
Yes
- Membership number/reference
- CA (SA) - South African Institute of Chartered Accountants
Other profession
Yes
- Specify which
- Chartered Director
- Membership number/reference
- IoDSA - Institute of Directors of South Africa
- Is your firm subject to an external quality control review?
- Yes
- If your answer was No, how do you ensure your quality standards?
- not filled
- If your answer was Yes, how often does the external review take place?
- 1
- What is (are) the name(s) of the reviewing organisation(s)?
- IRBA and AGSA
- What was the date of your last external review?
- 17th August 2022
Professional indemnity
- Is Professional Indemnity Insurance available in your country?
- Yes
- If YES, is it obligatory?
- Yes
- Do you carry Professional Indemnity (PI) insurance?
- Yes
- Comments, if any, on PI
- not filled
Comments
- Explanatory comments, if needed, on this information from the member firm or from MGI Worldwide
- Quality review - . AGSA review once a year.IRBA review is on a risk basis