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Stefan Retief

Manager | M&A Tax

Summary

I have always had a widely varying array of interests; from analysing the implications of new tax legislation to fine arts and classical music. I have a curious tenacity for understanding complex systems .

My work style involves first obtaining a holistic view of the problem, before conducting extensive research on the matter. In order to arrive at the most beneficial solution, I always try  to take into account as many opinions, variables and potential outcomes.

I am research-oriented and enjoy working in multi-disciplinary teams with talented individuals from differing academic and industry backgrounds. I also have a creative side which helps me think outside the box when it comes to developing new strategies. The wide client base I served at Deloitte has taught me adaptability to understand a client’s specific needs and develop innovative solutions tailored to their environment. I have a thirst for travel and adventure

Work History

Sep 2017current

Manager (M&A)

Deloitte Taxation Services - South Africa

I assist clients in corporate restructures in order to structure such a transaction as tax-neutral as possible. I also advise clients on potential M&A activity (both buy- and sell-side) in order to structure any disposal or acquisition as tax-efficiently as possible.

My work includes creating detailed tax disposal models and transaction summary memoranda allowing clients to visualise the potential effects of their proposed transaction. I also assist in providing alternative strategies which may prove more efficient, taking into account future expansion and exit strategies. I liaise with our colleagues in other jurisdictions to identify any tax risks when dealing with multi-jurisdictional transactions.  

I also review sale and other agreements from a tax perspective to ensure that the objectives of any structuring arrangement are met when executing these agreements. 

In addition to structuring I also perform tax due diligence reviews for clients (both buy- and sell-side) on potential targets and/or disposal businesses in order to identify any tax risks.

Following my promotion to manager, I assist more in winning business , drafting proposals and liaising directly with clients to understand their needs.  

Oct 2016Aug 2017

Assistant Manager (M&A)

Deloitte Taxation Services - South Africa

Similar role to manager as noted above, in a more supportive role.

Aug 2016Sep 2016

Consultant (Strategy & Innovation)

Deloitte Consulting - South Africa

I worked for 2 months as a consultant within the Strategy and Innovation stream of the Consulting practice. My focus was primarily on the mining sector where I assisted clients in the following:

  • Analysing client spend data to determine potential savings
  • Critically evaluating the business and operating model to identify opportunities for cost reduction
  • Incorporating cross-functional teams (finance, end users and technical staff) to determine their exact needs when developing cost savings opportunities
  • Compiling scope of works and other tender documentation to renegotiate / retender certain supply contracts
Nov 2015Apr 2016

Assistant Manager (Audit)

Deloitte UK

I was seconded to the London office within the Banking and Capital Markets audit division for 6 months. There I assisted on the statutory audit of one of the largest UK-based multinational banking groups. My focus area was asset-backed finance and invoice factoring.

I was responsible for completion of the group audit as well as subsidiary audits and liaised directly with client management and a staff complement situated across the UK and abroad. Our audit paid specific attention to the debt provisioning system and reasonability of the client's loan book. 

Jan 2013Oct 2015

Trainee Accountant (Audit)

Deloitte South Africa

During my training contract I was exposed to clients from various industries, such as:

  • Renewable energy, construction, manufacture of construction materials and building materials retail
  • International fruit export agent, as well as other agricultural activities such as fruit, wine and livestock production
  • Restaurants and hospitality
  • Financial services, including investment banking, re-insurance, asset management, unit trusts, medical schemes, pension funds and property funds

During my second and third years of training, I had the opportunity to run audit clients, which consisted of the following responsibilities:

  • Reviewing financial statements
  • Drafting reports to management
  • Project management
  • Coaching of junior team members

I was also involved in Project Siyakhula, providing supplementary mathematics and accounting classes to underprivileged high school students.

Jan 2009Dec 2012

Student Mentor

Stellenbosch University

Acted as mentor for various first year students

  • Academic mentor for information systems students
  • Eendrag residence mentor: focusing on the academic and social integration of new students in the residence
Jan 2009Aug 2010

Content Editor - Yearbook

Stellenbosch University

I was responsible for the quality and process of obtaining editorial pieces from faculties, student organisations, residences and sport teams for the annual yearbook.

Education

Jan 2013Present

CFA Level II

CFA Institute

Passed level II of the CFA programme. 

Jan 2012Dec 2012

Bachelor of Accounting (Honours)

Stellenbosch University

Advanced applications of Accounting, Tax, Finance, Cost Accounting, Auditing and Governance

Jan 2007Dec 2011

Bachelor of Accounting and Bachelor of Laws (Double Major)

Stellenbosch University

This accelerated combined course offered me the opportunity to obtain degrees in both accountancy and law within 5 years. Obtaining both degrees separately would take 6-7 years.

My final year law electives included advanced corporate law, focusing on mergers & acquisitions, corporate governance and business rescue. Other electives included advanced tax case law and credit law.

Certifications

Jan 2013Dec 2015

CA (SA)

South African Institute of Chartered Accountants (SAICA)

I completed my training contract and passed both entry examinations on the first attempt. I have registered as a Chartered Accountant in 2016. 

Sep 2006Sep 2006

Zertifikat Deutsch

Goethe institute

This certification proves a sufficient German proficiency required for citizenship

References

Dirk Steyn | Business Unit Leader | Deloitte Cape Town

[email protected] | +27 21 427 5724

Monika Frey | Senior Manager | Deloitte Cape Town

[email protected] | +27 21 427 5739

Russell Davis | Partner | Deloitte London

[email protected] | +44 20 7007 6755

Chris Green | Associate Director | Deloitte Johannesburg

[email protected] |  +27 11 304 5298