{"id":1998,"date":"2021-07-06T13:58:55","date_gmt":"2021-07-06T13:58:55","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/?p=1998"},"modified":"2021-07-06T13:54:39","modified_gmt":"2021-07-06T13:54:39","slug":"price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","title":{"rendered":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/zambia\">Zambia<\/a>. <\/strong><\/span>Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 July 2021.<br \/>\nPwC has sold the Malawian business to a local audit company, Audit Consult Ltd at a purchase amount of US$100,000 (approx. MK95 million).<br \/>\nAccording to the sale agreement that we have seen, the sale of the Malawian Business is a sale of an enterprise as a \u2018going concern\u2019.<br \/>\n\u201cThe Malawi Business will be an income earning activity on the effective date, the assets which are necessary for carrying on such Malawi Business are being disposed of by PwC to the purchaser in terms of this Agreement,\u201d reads a statement of the sale agreement in part.<br \/>\nThe agreement was signed by Andrew Vera and Ranwell Mbene on behalf of PwC and Isaac Kayira on behalf of Audit Consult with Lowani Munkhondia as a witness.<br \/>\nAlmost half of the 75 strong staff member count at PwC have lost their jobs as a result of the closure and the company has only maintained a few members to finalize servicing on-going clients, especially international clients.<br \/>\nInsiders said the decision to close the Malawi business was reached at from the regional head office in South Africa and this may affect other countries like PwC Zimbabwe.<br \/>\nMbene who was PwC Senior Partner for the Malawi business and a few other staff members are said to have been taken aboard by the new owners, Audit Consult which is also a Malawian correspondent firm of world-renowned audit firm RSM International.<br \/>\nPwC touts itself as one of the leading professional services networks in the world with presence in 155 countries and more than 284,000 people helping organizations and individuals creating value they are looking for by delivering quality in Assurance, Tax and Advisory services.<br \/>\nIn the financial year 2020, PwC firms provided services to 84% of the Global Fortune 500 companies and more than 100,000 entrepreneurial and private businesses and 63,053 people joined PwC firms around the world. PwC\u2019s revenues were US$43 billion for the year ending 30 June 2020.<br \/>\nAudit Consult is one of the top locally grown audit firms in Malawi that provides audit services and the coming in of PwC into Audit Consult will increase the local audit firm growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zambia. Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 July 2021. PwC has sold the Malawian business to a local audit company, Audit Consult Ltd at a purchase amount of US$100,000 (approx. MK95 million). According to the sale agreement that we have seen, the sale of the [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7,8,16],"tags":[234,235,703,702,233],"class_list":["post-1998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-zambia","tag-andrew-vera","tag-price-water-house-coopers","tag-zambia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Price Waterhouse Coopers closes shop in Malawi: 35 jobless - Zambia<\/title>\n<meta name=\"description\" content=\"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Price Waterhouse Coopers closes shop in Malawi: 35 jobless\" \/>\n<meta property=\"og:description\" content=\"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-06T13:58:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"391\" \/>\n\t<meta property=\"og:image:height\" content=\"264\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Price Waterhouse Coopers closes shop in Malawi: 35 jobless\",\"datePublished\":\"2021-07-06T13:58:55+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\"},\"wordCount\":370,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Andrew Vera\",\"Price Water House Coopers\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\",\"name\":\"Price Waterhouse Coopers closes shop in Malawi: 35 jobless - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg\",\"datePublished\":\"2021-07-06T13:58:55+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg\",\"width\":391,\"height\":264,\"caption\":\"Price Waterhouse Coopers closes shop in Malawi: 35 jobless\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Price Waterhouse Coopers closes shop in Malawi: 35 jobless\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless - Zambia","description":"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","og_locale":"en_US","og_type":"article","og_title":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless","og_description":"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2021-07-06T13:58:55+00:00","og_image":[{"width":391,"height":264,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless","datePublished":"2021-07-06T13:58:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless"},"wordCount":370,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg","keywords":["Africa Press","Africa Press-Zambia","Andrew Vera","Price Water House Coopers","Zambia"],"articleSection":["all news","economy","head lines","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless","name":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg","datePublished":"2021-07-06T13:58:55+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Renowned and international business giant PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 J ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2021\/07\/img-60e4605fe9d99.jpg","width":391,"height":264,"caption":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/price-waterhouse-coopers-closes-shop-in-malawi-35-jobless#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Price Waterhouse Coopers closes shop in Malawi: 35 jobless"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/1998","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=1998"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/1998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/1997"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=1998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=1998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=1998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}