Nexia SAB&T has welcomed Kreston Johannesburg Inc. (Kreston JHB), a partner-led accounting, audit and business advisory firm, as its 10th office in South Africa.
The business will continue to trade under the Nexia SAB&T brand, emphasising its close links to the Nexia International (Nexia).
Nexia, with a presence of 265 members across 128 countries, is the 8th largest network of independent accounting and business advisory firms and was awarded the coveted ‘Network of the Year’ in 2021 by the Digital Accountancy Awards.
Nexia SAB&T is a home-grown South African professional services firm with nine offices in each of the country’s promises provinces. Kreston JHB will become its 2nd office in Gauteng, South Africa’s economic hub.
Nexia SAB&T provides a comprehensive portfolio of services in the accounting, audit and business advisory space. Its clients include start-ups and SMMEs, family-owned and managed business, multi-national and publicly listed companies, as well as government and SOEs.
Kreston JHB is an established firm with over 27 years of experience in the accounting, audit and tax arena.
Nexia SAB&T CEO, Bashier Adam, mentioned that the deal represented “enormous potential for two entrepreneurial and forward-thinking firms, providing an opportunity to leverage our position as a leading mid-tier firm in South Africa”.
Kreston JHB has built a reputation on offering a personalised service.
“Trust, quality and professionalism have always formed the foundation of our approach, and this has earned us a reputation as a trusted partner in the business services landscape,” comments Jacques De Villiers, Managing Director of Kreston JHB, “these values align well with those of Nexia SAB&T and this was a strong motivation to embark on this relationship.”
Ayisha Ramasike, Chairperson of Nexia SAB&T added: “The coming together of our firms under the Nexia SAB&T banner feels very appropriate. Our company backgrounds, values and vision are aligned. The merger will also mean more resources for our clients and growth opportunities for our staff, which we see as an exciting next step in Nexia SAB&T’s incredible story.”