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Althea Soobyah
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Jul 8, 2026
Ghost Stories #108: Due diligence decoded - inside the modern deal risk process
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So from a tax perspective, how do you help people understand that baggage, I guess, and how does it inform your approach, whether they are doing position of a business or an acquisition of shares?

Althea SoobyahGUEST
Ultimately, at the end of the day, when you're looking at tax exposure, it could impact the value of your assets that you're going to acquire.

Althea SoobyahGUEST
And it does impact the decisions you make on whether or not you're going to acquire at the shareholder level or you're going to acquire assets.

Althea SoobyahGUEST
And what we do see from a lot of the transactions is ultimately about protecting value in the transaction.

Althea SoobyahGUEST
A lot of the time what we notice is that tax has always been a grudge purchase from a compliance perspective for any taxpayer.

Althea SoobyahGUEST
What we really do in a tax due diligence is to give comfort that to the extent that there is tax exposure, how does it impact the value or the acquisition, be it at share level or at an asset level? And in practice, there could be unpaid taxes, VAT risk, payroll issues, transfer pricing exposures, which would creep up along the line and sometimes unbeknown to the potential buyer.
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16:32Johan MaraisGUEST
So I would almost ask Alfie just to give a little bit of detail more around just the benefit of actually using Forvers Mazars, because not only is it the South Africa team that's well-diversified financial tax, ESG, and a couple of other streams, but the assistance we get from other local offices is fantastic up in Africa as well.
