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IBBA International Chapter To Be Established In Southern Africa
(Chicago, IL / Johannesburg, South Africa).The International Business Brokers Association (IBBA), the largest international non-profit association of people and firms engaged in the various aspects of business brokerage, mergers and acquisitions, is to formally establish an International Chapter in South Africa.
¡°This is a milestone for our organization as well as for building our global network of brokers,¡± explained IBBA chairman Andy Cagnetta, the Chief Executive Officer of Transworld Business Brokers, Inc. of Ft. Lauderdale, Florida. ¡°We have many members and affiliate organizations around the world, but this will be our first link to Africa. It clearly demonstrates there is great interest in continuing to educate those in our profession as well as to promote the use of professional, certified intermediaries in business sales transactions.¡± The chairman of IBBA¡¯s international committee, Pino Bacinello, CEO of Sunbelt Business Brokers Pacific Inc. and Pacific Mergers and Acquisitions Inc. in Vancouver, Canada, says ¡°South African brokers and intermediaries will see the value of being a part of an international professional organization that promotes business brokerage, specific education, and certification, as well as foster professionalism and standards within the profession. This will be of great benefit to the current and future brokers and intermediaries in South and Southern Africa. By belonging to the IBBA Southern African Chapter, we can address the local needs of the members while having access to the global network of knowledge and resources.¡±
In addition, Bacinello said the Chapter will also benefit the members¡¯ clients by raising the knowledge and professionalism within the industry. ¡°Whether people are buying, selling or merging businesses, they can take confidence in knowing IBBA Certified Business Intermediaries have the expertise and knowledge to successfully and professionally handle their transactions.¡±
South Ekuhruleni Chamber of Business (SECOB) have been appointed to administer the establishment of the association in South Africa, the first meeting is set for the 08 December 2009. An official launch is planned for early January/February 2010. Parties involved in the profession who would like to be part of the establishment of this office are asked to contact Derek Fox of Succeed Business Brokers on 082 886 0651.