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- KPMG South Africa announced the appointment of Chief Executive Officer Ignatius Sehool on Wednesday morning.
- Sehole replaces Nhlamulo Dlomu, who did not last for a long time, which means trying to save the company from harm caused by herself.
- But his most important new CEO in KPMG is not. He first joined him after he did not get to Deloitte.
KPMG SA's new CEO, Ignatius Sehoole, faces a tough job in the company, which is deeply connected with the initial capture of the state and the subsequent collapse of VBS Mutual Bank. His predecessor, Nhlamulo Dlomu, who was appointed a year ago, was to do just that, but went into a "global strategic role" in society.
But Sehoole seems to be fearless – perhaps because of a complicated and bumpy history.
Muddied water and troubled companies are not new to him, and even has some activism under his belt
See also: KPMG partners could face 2 billion claims on VBS – and their insurance may not pay
There are six things we did not know about the new CEO of KPMG.
He went to finance because he was run by the white men
Sehoole holds a Business Venture from Vista University and a Unistry of Accountancy Theory plus a General Management Diploma from Ashridge Management College in Britain. He is a qualified accountant and cleared his teeth as a manager of the Fedics Food Services Internal Audit Group.
"I decided for a BC degree because I was irritating that the tax advisor was either owned or controlled by whites, I was curious about the subject and wanted to change this ratio," Sehoole said in an archive interview with sister publication Business Insider SA, Fin24, 2009.
He was expelled from his first university
Vista and Unisa were not the first universities that Sehoole studied. He started at the University of North (now Limpopo) as a BCom student but was expelled in the first year, Fin24 said after organizing a protest when the university abused accommodation and accommodation – including his.
It's not his first shadow in KPMG – after Deloitte did not want (initially)
Sehoole is not an alien auditing firm that will now play. He joined KPMG after not getting into Deloitte's articles by failing to perform auditing tests there. Still determined to enter a prestigious business, he started at KPMG and after the year he gave Deloitte another attempt. This time he entered.
He helped establish the Thuthuk scholarship program
The Thuthuka course is one of the most popular because of the benefits that come from – one is mentoring established CAs.
As president of SAICA Sehoole, he played an active role in the launch of the program in 2001 to increase the permissiveness of desperately needed CAs in SA, especially black CAs.
He had a brief lesson in teaching
Sehoole lectured at the University of Vista for a year. Commenting on his teaching days, Fin24 said: "I am very passionate about developing and strengthening people. I like to see that they are the best they can be.
Once, after just three months, he tried to quit working in Transnet
As he began his young career, Sehoole worked for Transnet.
"After three months of work for Transnet, I wanted to withdraw … but they held me for a 3-month notice, working for nine months under pressure."
He said the institution was so racially polarized at the time you felt the tension and "I just could not cope with" tomorrow's next day "mentality."
Now read: 5 things we did not know about Phakamani Hadebe, the new CEO of Eskom
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