Renowned and international business giant, PriceWaterhouseCoopers (PwC) have closed their Malawian business effective 1 July 2021.
The global business leader, PwC, a privately held company, has sold the Malawian business to a local audit company, Audit Consult Ltd at a purchase amount of US$100,000 (approx. K95 million).
The Company offers business advisory services such as auditing, accounting, taxation, strategy management, and human resource consulting services. PwC serves aerospace, defence, automotive, energy, government, hospitality, insurance, banking, consumer markets, health care, and transportation industries worldwide.
According to the sale agreement that we have seen, the disposal of the Malawian Business is a sale of an enterprise as a ‘going concern’.