Dust-up at company ends
A group of partners and staff at the Grant Thornton SA Cape Town office will leave the company at the end of the month
The decision was reached after differences between the two groups of partners could not be overcome, the company said in a statement.
It said the decision was endorsed nationally and was supported by Grant Thornton International.
“We wish the departing partners and staff well in their future ventures,” said Grant Thornton Cape managing partner Ian Scott. He would continue in his role, the company said.
The departing staff are joining audit‚ tax and advisory firm Mazars.
The company said in a statement that six partners‚ two consultants and more than 60 staff members from Grant Thornton Cape Town were to join Mazars effective 1 August 2012.
"The move will increase Mazars’ staff nationally to more than 750 and result in a turnover in excess of R350 million," it said.
"The team joining Mazars is the original Grant Thornton team that merged with BDO Cape Town two years ago and practised under the Grant Thornton name. That merger has been unwound‚ and the original Grant Thornton practice will now merge with Mazars."
The partners joining Mazars are Neil Miller‚ Danny Naidoo‚ Mike Teuchert‚ David Smith‚ Larry Auret and Melanie Odendaal. Retired partners David Wener and Deryck Woolley will also join as consultants.
Grant Thornton Cape said the firm would continue to conduct business as usual. "The bulk of the Cape firm remains fully intact to provide all service line capabilities to clients across the region," its statement said.