The Malta Independent 22 February 2020, Saturday

PKF welcomes new chairman in Africa

Thursday, 16 May 2019, 10:25 Last update: about 10 months ago

PKF South Africa has appointed Theo Vermaak as chairman of the firm. Vermaak comes with a wealth of experience having been Africa Regional director and also held the top leadership post of the global accounting profession, Chair of the Forum of Firms.

Commenting on Vermaak's appointment, George M. Mangion, managing partner of PKF Malta said that Vermaak's previous experience as chairman of the Forum of Firms will bring a rich treasury of expertise that will attract more firms to join the international PKF family.

PKF's focus in recent years has been in re-establishing a credible national footprint and the new chairman's role is a more strategic one, looking to the future with an appropriate focus on enhanced risk management, quality and ethics.

Vermaak brings deep experience in the international context, having previous employment with PKF International; expertise he will contribute to the South African network to optimise the benefits of being members of PKF International.

PKF South Africa has experienced rapid growth in recent years. "With growth comes the need to reassess the way things are. Firms that have joined in the network provide a fresh perspective and I believe it is healthy to pause and ensure we are doing the right things. Our growth and new membership has resulted in greater critical mass, opened up new opportunities, introduced much-needed diversity, but has also increased resource requirements," adds Vermaak.

"Our philosophy has been to get strong firms of the right size, rather than just putting multiple dots on a map. All the new PKF firms have been fully integrated into the national structures and have adopted common methodologies, systems and values. All share a focus on owner-managed businesses, and nationally, we are present in key locations. This places PKF in a competitive position to serve a particular clientele all around the country. Shared training and quality assurance systems go a long way towards creating consistent client experiences wherever we are."

"In that context, my vision is to position PKF to be an obvious choice of business adviser to the owner-managed market, and to be a compelling choice as employer for talented and passionate people looking for opportunity to grow. We will continue doing those things PKF has always done well: selectively growing our presence, continuing enhancing national structures and systems. We need to better address the opportunities and real threats from technology and to better leverage our joint experience in specialised areas and specific industries. While doing so, we need to work tirelessly to improve quality and exhibit faultless ethics. I would like to see PKF contributing to the efforts that are needed to restore faith in the profession in South Africa," asserts Vermaak.

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