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Work Background
Selepe Projects Accounting Reporting Manager
Jan. 2018 - Dec. 2018Joined Selepe Projects, a newly formed company, following its successful bid for a multi-million rand tender with a leading mining house. Took on the role of Accounting and Reporting Manager, overseeing all financial aspects of the company's operations. Responsible for the accounting function, including the preparation of financial statements and monthly reporting to the board of directors, ensuring transparency and accuracy in financial reporting. Played a pivotal role in raising working capital to support ongoing operations and fulfill contractual obligations associated with the tender. The company stakeholders decided to close the company upon the completion of the tender project.
FaritecGroup Finance Manager
Jan. 2009 - Dec. 2009Served as Group Financial Manager for a JSE-listed company, overseeing the preparation of group financial statements (glossies) and monthly financial reports for directors and stakeholders. Played a crucial role in financial analysis and reporting, identifying discrepancies and addressing financial challenges to ensure accuracy and transparency. During my tenure, the company faced significant financial difficulties, with reported losses escalating from R5 million to R120 million. Through diligent analysis and strategic financial management, I provided insights into the company's financial health and recommended corrective measures. Facilitated fundraising efforts, successfully securing R200 million from a private investor to address liquidity issues. However, despite these efforts, the company was unable to raise additional capital amidst declining sales and ultimately had to initiate liquidation proceedings.
Allegiance Transaction ServicesConsultant
Apr. 2002Cape Town Area, South AfricaDue diligence, financial management, accountant, company value, financial reporting, investment committe,
Allegiance Transaction ServicesPrincipal Consultant
Jan. 2001Established Allegiance Transaction Services following retrenchment from AST Group Ltd., offering a comprehensive range of financial services to clients. Provided audit, accounting, and financial management services to various clients, including SAM Pty Ltd. Acted as a part-time financial manager for clients unable to afford full-time resources. Conducted valuations and due diligence exercises for clients of Arbor Capital, including Sperosens, 4sight Holdings, Mediro ICT, and other listed and unlisted entities. Developed business plans, facilitated BEE transactions, and assisted in capital-raising activities to support clients' growth objectives. Served as the acting financial manager for Sperosens over an extended period, demonstrating expertise in financial management and strategic decision-making.
AST GroupMergers and Acquisitions Manager
Jan. 1999 - Dec. 2001Led the company's mergers and acquisitions division, focusing on both organic and inorganic growth strategies through acquisitions. Conducted comprehensive due diligence investigations on potential target acquisitions, evaluating legal, financial, and operational aspects to assess viability and mitigate risks. Played a pivotal role in the implementation of acquisition transactions, overseeing integration efforts and ensuring seamless transitions. Conducted performance reviews of acquired companies, identifying areas for improvement and implementing cost-reduction exercises to enhance profitability. Presented findings and recommendations to the AST Board and Investment Committee, providing strategic insights and facilitating informed decision-making. Conducted valuations and structured deals, ensuring favorable terms and optimal value for the company. Identified and mitigated risks associated with acquisitions, safeguarding the company's interests and ensuring compliance with regulatory requirements. Achieved significant cost savings by exposing fraudulent transactions in a single acquisition, resulting in the cancellation of the deal and saving the company R60 million.
PwCSenior Manager
Jan. 1998 - Dec. 1998Managed a diverse portfolio of audit engagements for public enterprises and private companies. Led audit teams in conducting comprehensive reviews for clients across various industries, ensuring adherence to regulatory standards and best practices. Implemented innovative audit software, TeamMate, and introduced new audit approaches, optimizing efficiency and accuracy in audit processes. Successfully increased audit fees, turning a R70,000 fee into an R2.5 million fees within one year through strategic client management and value-added services. Recognized for outstanding performance, winning an award for securing the newest business in a year, including two tickets to London. Clientele included prominent organizations such as: South African Bureau of Standards, National Toll Road and Toll Roads (SANRAL), Sentrachem Limited (Agrihold, Agricura, Sanachem, Saffola Seeds, Bergchem, Rumevite, Efekto), Iscor Limited/Kumba (Hlobane Coal Mine, Durnacol Coal Mine), PlaceDome Inc (Canada), Western Areas, Ashanti Goldfields (Ghana), AST Group Limited, RAH Products Pty Ltd, August Laepple, Momentum
PwCManager
Jan. 1996 - Dec. 1996
PwCAssistant Manager
Jan. 1994 - Dec. 1994
PwCArticle Trainee
Jan. 1990 - Dec. 1992
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