Deloitte Zimbabwe recently announced that it would be exiting
the Deloitte Network on the 31st October 2024, and this would be
achieved through a management buyout. The exit from the Zimbabwean
market is a significant event in that a global brand is exiting the
market, and the circumstances of the exit have brought focus on the
prevailing operating environment but also the opportunities that
may be available.
It is pertinent to note that Deloitte Zimbabwe constituted part
of the Deloitte Africa cluster of firms which tallied to about 11.
Other Deloitte firms constitute other regional and continental
groupings outside Africa. It follows the Deloitte Africa cluster is
spearheaded from South Africa. When one then considers the turmoil
experienced by Deloitte South Africa in the preceding years, most
notably the Tongaat Hullet and Steinhoff accounting scandals, it is
reasonable to conclude that the resultant outlook would be risk
mitigation. The press statement that
