Carel Smit | KPMG | ZA

Carel Smit


KPMG in South Africa

Carel joined KPMG in 1985 and has 31 years of audit, tax and advisory experience. He spent a large part of his career in mining. Carel is currently Head of Sales & Markets for KPMG in Southern Africa and is based in Johannesburg. He has served on the firm’s Policy Committee since 2011 and is a member of the Executive Committee. In 1994/95, Carel became significantly involved in the development of KPMG's Mining Business Model. From 1996, he developed a particular interest in the internationalisation of the South African Mining Industry and has helped numerous companies to move from appropriation accounting to IFRS and US GAAP. He has also assisted several companies to list on various stock exchanges – locally and abroad. Today, under Carel's leadership, KPMG delivers services to most of the leading mining companies in South Africa. He has worked extensively on the African continent. Carel is the Lead Partner to Gold Fields, Sibanye, DRDGOLD, AECI and Merafe Resources. His excellent IFRS and US GAAP capability, integrity, pragmatism and good business relationships are the cornerstone of his service promise to clients. He is a strong leader and excellent communicator, he is also good at putting together highly productive teams. Not afraid to challenge or state opinions, he is empathetic and an excellent mediator and motivator of people around him.

Areas of expertise

Accounting standards Adoption of IFRS Energy and Natural Resources Global Compliance Management Services Mining Public Policy and Regulatory Change Tax Tax Accounting Services - US GAAP

Education and qualifications

  • CA (SA)

  • BCompt

  • CTA

  • HDip Tax Law

Client Experience

  • Gold Fields

  • Sibanye Gold


  • AECI

  • Merafe Resources

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