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Our partners at Galbraith Rushby recently concluded an exciting merger transaction with 123 Consulting and TGS South Africa, and the move not only bodes well for their clients but also shows again how financial firms are evolving to adapt to a very different world.

Galbraith Rushby was originally founded by Jeneen Galbraith and Michael Rushby, and over the past 18 years the group has become a well-established and highly acclaimed accounting, audit and advisory firm in Cape Town. Over this period, they have developed an attractive and successful base of clients, within a wide range of industries.

However, the changing legislative landscape in the fields of company law, tax law and financial reporting standards have made it essential for modern firms to evolve.

As the world becomes more complex and integrated, the days of the sole practitioners and the small accounting and audit firms are limited. Eventually, these firms will give way to market forces and will either close or amalgamate smaller firms with larger players in their market.

It’s for this exact reason that Jeneen and Michael decided to embrace a merger with two of South Africa’s top accounting firms, and have been working to re-invent their services to meet the challenges in the market, and to ensure that they remain relevant to clients in addition to complying with the regulatory challenges.

These regulatory challenges, especially in the taxation and audit spaces require a high level of skill and a larger support team to navigate clients through them professionally.

Following the merger, they now enter the range of mid-tier firms in South Africa, employing a strong team of highly skilled professionals, all of which are focused on giving clients the very best levels of professional advice and service at the most optimal cost.

Jeneen Galbraith and Michael Rushby will both be acting as directors of the 123 Consulting board, ensuring their skills and integrity remain part of the larger group offering. The full complement of Galbraith Rushby’s Executive Teams will remain in place.

123 Consulting is a well-established, highly respected firm based in Gauteng as well as two offices in the Western Cape. Their main focus has always been owner-run businesses across a wide range of industries and their clients are respected entrepreneurs with a similar operating style.

So the merger is a very good fit, both in size and organisational culture.

2OceansVibe Media has had an exceptionally good relationship with Galbraith Rushby, and their advice, services, and professionalism have always been world-class.

We wish them all the best in this next exciting chapter and look forward to what this merger will not only mean for the firm, but clients like us as well.

[source:123consulting]