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Work Background
NMTHELA Investment HoldingFounder and CEO
Sep. 2021City of Johannesburg, Gauteng, South AfricaNMTHELA Investment Holding, through its operating division, NMTHELA Logistics is a coal hauling business. We currently transport coal from a number of mines in the Mpumalanga Province areas of Carolina, Hendrina, Witbank and Middleburg to Arnot Power Station, Camden Power Station and Richards Bay Harbour. NMTHELA Investment was started by myself, Nathi Thela beginning of 2020, but started operating fully in 2021 with just one 34-ton side tipper truck and has been growing since then. It is my aspirations to grow this venture through partnerships and empowering employees and the communities in which we operate in.
Institute of Management Accounting and StrategyChief Executive Officer
Feb. 2013City of Johannesburg, Gauteng, South AfricaI am the Founder and Chief Executive Officer of the Institute of Management Accounting and Strategy, known as IMAS. IMAS is a Global Learning Partner for CIMA and ACCA, which offers both professional qualifications on a full-time and part-time. It is also registered with the Department of Higher Education and Training, as a private college. I am responsible for developing and executing the overall strategy of the Institution to meet our key stakeholder aspirations. We have a diverse group of stakeholders, ranging from professional accountancy bodies, students, employers and the Department of Higher Education. My role involve among others:
- Ensuring ongoing review and alignment of strategic initiatives with the overall business objectives and targets
- Lead ideation sessions for the identification of any additional strategic initiatives required to meet the set business targets
- Develop relationships with key stakeholders
- Provide targeted and sufficient support to mission critical strategic initiatives for their definition, progression, and completion.
- Work closely with teams to translate strategy into long-term investment forecast and annual plan.
- Provide insight and guidance to the marketing, sales and student liaison teams. - Review the implementation of the marketing plan and financial plan.
- Review the financial performance and position of the company, together with the Head of Finance.
- Review product and branch/platform profitability
- Maintain optimum capital structure to ensure the business can take advantage of growth opportunities and provide adequate return to shareholders at acceptable risk.
- Recruitment and development of key staff to advance the mission of the institute.
- Drive a culture of high performance, continuous improvement, accountability, and consequence management.
- Risk Management - assess external and internal environment, identify and mitigate commercial, financial, and digital transformation risks.
NedbankHead of Group Technology Consolidations, ABC Costing and Transfer Pricing
Feb. 2012 - Mar. 2015SandtonMy responsibilities within Nedbank Group Finance division ranged from the following: * Consolidating all financial results of business units within Group Technology division - with strong focus on both management accounting and financial reporting. My team and I were responsible for producing monthly management packs for all internal and external stakeholders within Group Finance and Group Technology Divisions. * Coordinating the financial planning process i.e. budgeting, forecasting etc. My role involved me being the financial planning champion, responsible for guiding and leading Group Technology Budgeting and Forecasting Circles. This involved setting up meetings with the Group CIO and his executive team to unpack Group planning and guidelines and coming up with key strategic priorities to align Group Technology with Group Strategy. * Managing the Project Accounting Team and Consolidations Team, Initially, my role as a Senior Manager for Strategic Accounting needed me to oversee a team of about 12 project accountants overseeing in excess of 50 IT related projects within the bank. We were involved at various levels of projects from idea valuation; approval process and implementation level, which included budget monitoring, project accounting for both opex and capex; project capitalisation, benefit tracking and impairment reviews. * Managing the costing and transfer pricing team to ensure accurate unit price for all IT services provided by Group Technology and correct billing of different business units to ensure full recovery of IT costs from the rest of the bank. This entailed interactions with IT services managers and various business units executives and managers to explain cost drivers and transfer pricing.
NedbankHead of Group Technology Consolidations
Jan. 2011 - Jan. 2012Gauteng, South Africa
NedbankSenior Project Accounting Manager
Nov. 2008 - Dec. 2010South Africa
MTNAssistant Financial Manager
Apr. 2007 - Nov. 2008Within MTN, I was responsible for the Corporate Unit which was primarily focused on servicing mid to top tier corporates in SA. My responsibilies included among many:
* Financial Modelling of product profitability and pricing.
*Assistng sales teams with customer pricing strategy.
*Assisting the Executives within this unit with business planning, forecasting and budgeting.
* Monthly and Year-End financial reporting.
Rand Merchant BankFinancial Controller
Jan. 2006 - Apr. 2007*I was responsible for end to end financial governance of RMB Securities (a subsidiary of FirstRand Banking Group - a stockbroking company doing prop trading) reporting to the CFO of RMB Equities Division. *By virtue of my position I set in the board and audit committee of this company.
Among other things I was responsible for was:
-- interacting with treasury to ensure effective and efficient asset and liability management.
--Interacting with the JSE to ensure compliance with all JSE Capital Adequacy Requirements.
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