Clear numbers, confident decisions.
Fendaro helps South African business owners, boards and investors see the real financial picture — before they sign, expand, or exit. No jargon, no padding, just a defensible view of the numbers.
The same rigour, applied differently by industry
Every sector has its own risk profile and its own version of 'normal'. We tailor the analysis accordingly.
Common questions
We don't file your returns or sign off your financials — we sit alongside your accountant and interrogate the numbers with a decision in mind: buying, selling, raising, or restructuring. Our output is a recommendation, not a compliance document.
Due diligence and valuation work is quoted as a fixed fee once we understand scope. Ongoing advisory runs on a monthly retainer. You'll always see a number before we start — no open-ended hourly billing.
A standard SME acquisition review runs 3–4 weeks from data room access to final report. Complex, multi-entity structures take longer; we'll give you a realistic timeline at the discovery call.
Yes. Roughly half our current client base is in Johannesburg and Durban. Most of the process runs remotely over a secure data room, with site visits where the engagement calls for them.
Every engagement starts with a signed NDA before any documents change hands. Data rooms are access-controlled and watermarked, and our team is bound by strict internal confidentiality protocols.
We can prepare submissions, structure responses, and sit in on engagements alongside your tax practitioner or attorney, though we work in partnership with your existing compliance advisors rather than replacing them.
That's often the most valuable outcome. We'll walk you through the finding, quantify the exposure, and set out realistic options — renegotiate, walk away, or restructure the deal.
From first call to a decision you can defend
Discovery call
A 30-minute conversation to understand the decision behind the numbers — acquisition, raise, dispute, or internal review — and confirm we're the right fit.
Scope & fixed quote
We define exactly what's being reviewed, set a timeline, and issue a fixed fee. No surprises once the work begins.
Analysis & modelling
Our team works through the data room, financial statements, and operational records, building the models and flags that matter for your specific decision.
Findings review session
We walk you and your advisors through the report in plain language — what's solid, what's a risk, and what we'd negotiate or change.
From 600 unverified suppliers to a defensible view
Three weeks from signing, with a supplier ledger nobody could vouch for
A Cape Town logistics group was three weeks from signing a R42 million acquisition of a regional distribution business. The target's supplier ledger listed over 600 entries, many undocumented, with no clear picture of concentration risk or contract terms.
Rebuilding the supplier base from source documents
Fendaro's due diligence team rebuilt the supplier base from source documents, cross-referenced payment histories against contracts, and modelled concentration exposure by revenue dependency. We flagged 34 suppliers accounting for 61% of cost of goods sold operating without signed agreements.
A price cut, and a clean close
The buyer used our findings to renegotiate the purchase price down by R3.1 million and made signed supplier agreements a condition precedent to closing. The deal closed six weeks later than planned — and closed clean.
Straightforward packages, fixed before we start
Every engagement is quoted after a discovery call. These are typical starting points for South African SMEs.
- Financial statement health check
- Cash-flow and working capital review
- One findings session (90 minutes)
- Written summary report
- Monthly management accounts review
- Quarterly forecasting and scenario modelling
- Direct access to your lead advisor
- Board-ready reporting pack
- Full transaction due diligence or valuation
- Multi-entity and cross-border structuring support
- Dedicated senior analyst team
- Unlimited findings sessions during engagement
A small senior team, not a rotating call centre
Naledi Mokoena
Managing PartnerNineteen years advising SMEs and mid-market companies across the Western Cape on transactions, restructuring and growth finance.
Pieter van der Merwe
Head of ValuationsChartered valuator specialising in property, manufacturing and closely-held family businesses preparing for sale or succession.
Aisha Patel
Director, Tax & StructuringFocuses on SARS-compliant group and share structures for founders raising capital or planning an exit.
Thabo Nkosi
Senior Analyst, Due DiligenceLeads data room reviews and financial modelling on acquisition and investment engagements across sectors.
