PwC South Africa

We guide Japanese companies to success.

Introduction of Japanese Business Services

In the past five years, Japan’s foreign direct investment position in South Africa has grown impressively at a 24% compound annual growth rate (CAGR). As of the end of 2012, South Africa also represents more than one third of Japan’s outward investment stock in Africa as a whole.

A key feature of the post-2008 recession has been the increase in prominence of Africa as an investment destination. Africa is indeed showing a higher-than-average growth rate, with a significant number of multinationals having declared their organisations’ growing presence in Africa (according to PwC Africa’s The Africa Business Agenda 2013). One example of Japan’s growing investment is NTT's acquisition of South African IT services firm Dimension Data for $3.2 billion in 2010.

Introduction of Japanese Business Services

At the regional level, the Southern Africa economy is largely dominated by Africa’s largest market, South Africa, which has managed to weather the recent economic uncertainty mainly due to its prudent fiscal and monetary policies. The country has a well-capitalised banking system, effective regulatory systems, and a well-established manufacturing base. In its 2012-13 Global Competitiveness report, the World Economic Forum ranked South Africa first among African countries for the strength of its auditing and reporting standards, efficacy of boards and regulation of securities exchanges.

Overall, PwC is the largest provider of professional services in Africa with close to 450 partners and over 8,500 people in 32 countries. Since mid-2012, the PwC firms across Central Africa and Southern Africa have been governed, led and managed by a single leadership team.

Major services to Japanese clients

Audit and Assurance

  • Financial statement audit
  • Internal control audit
  • Advice on Financial reporting based on IFRS, financial and capital market regulation, etc.
  • Internal audit advisory/co-sourcing
  • Advice on J-SOX/US-SOX compliance
  • IPO support
  • Actuarial consulting and valuation
  • Assurance on sustainability reporting
  • Advice on risk management

 

Consulting

  • Market entry research and strategy development
  • Financial reporting optimization
  • Cash flow management
  • Advice on supply chain management
  • Human resource management
  • Business process optimization
  • IT system strategy and development and IT support
  • Advice on performance improvement and cost reduction
  • Forensic services (support on disputes, prevention of economic crimes, etc)

Deals

  • M&A lead advisory
  • Advice on M&A strategy and target selection
  • Financial modeling and valuation
  • Due diligence support
  • Advice on Business restructuring
  • Advice on real estate transaction
  • Post merger integration
  • Delivering Deal Value
  • Business Rescue Services
  • Debt advisory services and advice
  • Black Economic Empowerment
  • Fair and Reasonable opinions
  • Infrastructure
  • Public Private Partnerships
  • Privatisations
  • JSE regulatory services
  • Organization restructuring
  • Legal due diligence support

Tax

  • Tax & Accounting compliance support (preparation of tax returns, bookkeeping, payroll calculations and other mandatory reporting)
  • Customs compliance support
  • Tax & Customs planning and optimization
  • Global tax management & structuring
  • Advice and documentation support for Transfer Pricing
  • Tax due diligence and tax risk assessment
  • M&A and restructuring-related Tax consulting
  • Advice and support for obtaining tax incentives, subsidies, relief, etc.
  • International assignment planning and optimization
  • Individual wealth and pension planning
  • Consulting on Japanese tax havens and foreign tax credits
  • Preparation/Review of various agreements
  • Trust services and management
  • Planning for inheritances and succession planning
  • Support on tax & customs audits and dispute with authorities
  • Resolution for tax and customs litigation

Legal

  • Support on commercial registration
  • Expatriate immigration support
  • Labor law consulting
  • Corporate law consulting
  • Preparation/Review of various agreements and internal regulations
  • Support on on IP rights, license, permission, regulatory compliance, etc.
  • Resolution of business disputes
  • Support on liquidation and deregistration
  • Legal due diligence support
  • Forensic services (support on disputes, prevention of economic crimes, etc)

Introduction of member of Japanese business services

Johannesburg

PricewaterhouseCoopers
2 Eglin Road, Sunninghill, 2157,
Johannesburg, South Africa
Tel: 27-11-797-4000

Partner

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