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Summary

I am a qualified Chartered Accountant with vast experience in both private and public sector within the finance, investment, risk management and audit areas. 

I have served as a member of the Audit and Risk Committee (ARC) of the Performing Arts Centre of the Free State (PACOFS). Furthermore, I have served as a Chairperson of the Audit and Risk Committee of the Mohokare Local Municipality in the Free State and the National Credit Regulator (NCR). 

My strength lies in developing financial strategy in line with the overall company strategy which aim to maximise shareholder value. My expertise within risk involves understanding the business in order to determine and develop the applicable risk framework including the risk appetite and tolerance.

As an executive director involved in the development and implementation of the overall of organisational strategy, I have acquired the skills and knowledge to operate at the highest level of organisational goal setting and control. 

This exposure has empowered me with the ability to think  strategically whilst being able to translate high level goals into actionable activities.

In conclusion, I pride myself in creating a culture of high performance and superior service delivery within organisations.

Professional Experience

2021-08-01 Present

Chairperson of the Audit and Risk Committee

National Credit Regulator
  • Managing the functional performance of the internal audit department;
  • Reviewing the annual financial statement and the annual report;
  • Review  and approve the combine assurance framework and policy. 
  • Reviewing the effectiveness of the internal controls, risk management, adequacy, reliability and accuracy of financial information;
  • Reviewing the performance of the municipality against its approved targets and ensuring effective performance evaluation and management;
  • Overseeing effective corporate governance, including compliance with applicable legislation and best practice;
  • Reviewing internal audit charter, plans and quarterly reports;
  • Reviewing management resolutions on internal and external audit findings.
  • Review the audit strategy and engagement letter presented by the external auditors and recommend the appointment of the external auditors. 
2015-06-012019-08-31

Chairperson of the Audit and Risk Committee

Mohokare Local Municipality
  • Managing the functional performance of the internal audit department;
  • Reviewing the annual financial statement and the annual report;
  • Reviewing the effectiveness of the internal controls, risk management, adequacy, reliability and accuracy of financial information;
  • Reviewing the performance of the municipality against its approved targets and ensuring effective performance evaluation and management;
  • Overseeing effective corporate governance, including compliance with applicable legislation and best practice;
  • Reviewing internal audit charter and plans;
  • Reviewing management resolutions on internal and external audit findings.
  • Review the audit strategy and engagement letter presented by the external auditors. 
2016-03-012019-06-30

Audit and Risk Committee Member

Performing Arts Centre of the Free State (PACOFS)
  • Managed the functional performance of the internal audit department, ensuring adherence to best practices and industry standards.
  • Reviewed the annual financial statements and annual reports, ensuring accuracy, reliability, and compliance with regulatory requirements.
  • Assessed the effectiveness of internal controls and risk management processes, identifying areas for improvement and implementing necessary changes.
  • Monitored the performance of the organization against approved targets, conducting performance evaluations and providing recommendations for improvement.
  • Oversaw corporate governance practices, ensuring compliance with applicable legislation and promoting ethical conduct within the organization.
  • Reviewed and approved the internal audit charter and plans, aligning them with organizational goals and objectives.
  • Collaborated with management to address internal and external audit findings, implementing corrective actions and monitoring their effectiveness.
  • Evaluated and provided feedback on the audit strategy and engagement letter presented by external auditors, ensuring alignment with organizational needs and objectives.
2023-11-01Current

Chief Financial Officer

Border Management Authority
  • Developed and implemented financial strategies aligned with the entity's overall objectives, driving growth and long-term sustainability.
  • Led the annual budgeting and forecasting process, providing insights into financial performance, risks, and opportunities through scenario analysis and sensitivity testing.
  • Oversaw the preparation and presentation of accurate and timely financial statements in compliance with regulatory requirements and accounting standards.
  • Identified and mitigated financial risks through effective risk management practices, including insurance coverage, hedging strategies, and internal controls.
  • Ensured proper maintenance of physical infrastructure within the Port of Entry, including security management.
  • Managed cash flow projections and optimized working capital to ensure liquidity and operational stability.
  • Evaluated capital allocation decisions, including investments and acquisitions, to maximize returns for the Authority.
  • Developed procurement planning initiatives to optimize efficiency, cost savings, and compliance with tax laws and regulations.
  • Served as the primary point of contact for citizens, service providers, and other stakeholders, providing transparency and strategic communication on financial performance and corporate strategy.
  • Provided leadership and mentorship to the finance and accounting team, fostering a culture of excellence, collaboration, and continuous improvement.
  • Ensured compliance with all relevant laws, regulations, and corporate governance standards, maintaining the highest ethical standards in financial reporting and business practices.
2022-04-012023-10-20

Interim Chief Executive Officer

South African Maritime Safety Authority
  • Provided strategic direction and leadership to the South African Maritime Safety Authority, ensuring alignment with the approved strategy and meeting the entity's strategic and cultural needs.
  • Promoted the vision, mission, and values of the organization, attracting, developing, and retaining highly skilled employees to create a high-performance organization.
  • Implemented strategic interventions to ensure the financial sustainability of the entity, driving efficiency and effectiveness in financial management.
  • Developed and implemented frameworks, structures, and processes to ensure good governance, effective risk management, and compliance with government policies, regulatory guidelines, directives, and applicable legislation.
  • Set and managed the Authority's objectives in accordance with the Shareholders' Compact, ensuring accountability and performance.
  • Enhanced the safety, security, and promotion capacity of the Authority, attracting industry and investor interest in South Africa's maritime sector.
  • Led the development and implementation of a comprehensive transformation plan, managing the "Special Projects unit" as directed by the Board.
  • Provided leadership and effectively managed the unit's resources and performance, ensuring optimal utilization and achievement of goals.
2020-09-012022-03-31

Chief Financial Officer

South African Maritime Safety Authority
  • Provided strategic leadership, support, and advice to the South African Maritime Safety Authority (SAMSA) regarding financial management functions, ensuring compliance with the Public Finance Management Act (PFMA) and other relevant regulations.
  • Implemented financial management strategies and procedures that improved efficiency and effectiveness, resulting in cost savings and streamlined processes.
  • Produced accurate and timely financial statements and annual reports, ensuring transparency and accountability in financial reporting.
  • Led the review of accounting and supply chain processes, identifying areas for improvement and implementing necessary changes to enhance efficiency and reduce costs.
  • Coordinated and managed internal and external auditing processes, ensuring compliance with auditing standards and best practices.
  • Oversaw the financial planning and budgeting processes, aligning financial goals with organizational objectives and ensuring optimal resource allocation.
  • Implemented effective governance and compliance measures within the unit, developing and implementing policies and procedures to mitigate risks and ensure adherence to regulatory requirements.
  • Provided leadership and effectively managed the unit's resources and performance, fostering a culture of excellence, teamwork, and continuous improvement.
2020-02-132020-08-31

General Manager: Finance (Media Technology Infrastructure)

South African Broadcasting Corporation (SABC)
  • Developed, managed, and maintained robust financial management systems, processes, and structures, ensuring compliance with governance requirements and enabling informed decision-making by stakeholders.
  • Conducted internal business review analysis to guide strategic input and develop business models, aligning with the organization's objectives and strategies.
  • Monitored and ensured compliance with SABC guidelines and policies, cascading strategy to finance departments within the division.
  • Reviewed and reported on the achievement of business unit objectives, providing insights and recommendations for improvement.
  • Managed the strategic business cycle, overseeing the implementation of various strategic plans to guide the corporate plan.
  • Conducted continuous program, revenue, and market reviews to meet strategic objectives and drive growth.
  • Oversaw the preparation of the division's annual budget, ensuring alignment with strategy and timely submission.
  • Coordinated reporting and maintained accurate budget and forecast records, providing up-to-date financial information for informed decision-making.
  • Authorized financial transactions in accordance with the Delegation of Authority Framework and SABC policies and procedures.
  • Monitored business unit monthly financial reports, identifying and addressing concerns such as cost budget overruns.
  • Ensured accuracy of the fixed asset register and proper capitalization and depreciation of assets.
  • Aligned the value chain for the division to support the delivery of objectives and liaised for sufficient capex allocation for projects.
  • Monitored and reported on strategic and operational risks, implementing internal control measures for good governance and compliance.
  • Managed operational risks, addressing gaps and executing mitigation strategies based on audit findings.
  • Evaluated business plans for compliance with SABC guidelines and policies.
  • Implemented performance management systems and career development plans for staff members.
  • Provided direction on staff retention and attraction, ensuring adequate staffing, succession planning, and effective leadership.
2017-12-012020-01-10

Acting Chief Financial Officer

South African Postbank

KEY ACHIEVEMENTS IN THE ROLE 

Contributed to the development of a sound financial strategy for the Postbank in line with the overall company strategy to corporatise and commercialise the Postbank. This strategy was instrumental in assisting the Postbank in the application for a banking license from the South African Reserve Bank (SARB).

KEY ACCOUNTABILITIES 

Strategy Alignment

  • Fully participate in the development of the Postbank overall strategy.
  • Develop and implement finance capability strategy for the bank, ensuring alignment to the overall strategy. 
  • Develop performance measures that support the Bank's strategic direction. 
  • Develop credibility of the finance function by providing timely and accurate analysis of financial reports and financial information. 
  • Provide strategic financial advice and leadership to the bank in terms of the financial impact on strategic plans and programs, and decision making issues affecting the bank. 
  • Develop a financial analytics function within the bank, ensuring alignment with the bank's data and reporting requirements. 

Financial and Operational Responsibilities 

  • Manage the Finance and Treasury portfolios of the bank and related risk management, including ALM and ALCO.
  • Evaluate and manage the bank's capital structure and advice on investment strategies.
  • Ensure efficient management of the bank's resources in accordance with the  stipulations of relevant legislation, including Banks Act, Companies Act, Income Tax Act and IFRS principles. 
  • Ensure effectiveness of the Financial systems, internal control systems policies and procedures, management support functions in order to improve the operational effectiveness of the bank and safeguard the bank's assets.
  • Ensure proper controls, timeliness and accuracy of expenditure and cash management, month end, quarterly and year end closure as well as other financial reports. 
  • Ensure supporting documentation is available and stored as per the regulatory requirements. 
  • Co-ordinate the preparation of the financial statements, financial reports and returns, special analysis and presentations for strategy sections and board meetings. 
  • Monitor and measure progress against set budgets and financial plans for the entire bank, highlighting areas of concern for EXCO and Board  requiring focus and or further action.
  • Liaise with internal and external auditors.
  • Act as a key interface with the South African Reserve Bank (SARB) and other regulators to ensure that all regulations are complied with and that regulatory reports are timeously submitted. 

People Management Responsibilities 

  • Manage performance of direct reports by ensuring that performance agreements are in place.
  • Ensure alignment of career development and paths for all staff to the succession plans for key positions. 
2016-10-012017-11-30

Head of Finance

South African Postbank

KEY ACHIEVEMENTS IN THE ROLE

Turn entrepreneurial vision into reality by building an innovative Postbank focused on the operational effectiveness and development of new technology applications in banking systems in order to commercialize and corporatize banking operations. 

KEY ACCOUNTABILITIES

  • Develop systems and procedures to ensure the efficient and effective management of the Bank's financial resources. 
  • Compute, manage budgets, processes and ensure compliance with financial prescripts.
  • Plan, direct and co-ordinate financial activities, including the effectiveness of system interfaces to the general ledger. 
  • Assist in the preparation of the Financial statements and ensure that they are fully compliant with the International Financial Reporting Standards (IFRS).
  • Ensure that all the journals and balance sheet reconciliations are performed and variances are resolved timeously. 
  • Manage assets, debtors, liabilities of the Bank.
  • Ensure prudent expenditure management.
  • Undertake periodically financial reporting in line with IFRS and manage financial risks and controls. 
  • Formulate financial strategies and perform any other duties as directed by the Chief Financial Officer. 
  • Ensure that performance management of direct reports is implemented in line with guidance issued by the Human Resource Department. 

Education

20122014

Chartered Accountant of South Africa CA(SA)

SAICA

Qualifying Examination Part 1 (ITC)

Qualifying Examination Part 2 (PPE)

20092010

Postgraduate Diploma in Accounting (PDGA)

University of South Africa

 Financial accounting class award

20042008

Bachelor in Commerce, Accountancy

University of the Western Cape

Golden Key award 

19982004

Senior Certificate

Greytown Secondary School
Headgirl -2003

References

Name: Ms. Nomsa Motshegare

Designation: Chief Executive Officer

Company: National Credit Regulator

Contact Details: 079 874 2892

Name: Ms. Lindelwa Dlamini

Designation: Board member 

Company: South African Martime Safety Authority

Contact Details: 072 122 6110 (mobile)

Name: Ms.Takani Ravele

Designation: Internal audit manager 

Company: Mohokare Local Municipality 

Contact Details: 064 242 4141 (mobile)

Name: Mr. Khotso Nkoe 

Designation: Chairperson of the Audit and Risk Committee

Company: Performing Arts Centre of the Free State (PACOFS)

Contact Details: 066 300 7327 (mobile)