Khulekile Msimanga CA (SA)
Group Reporting & Consolidations Accountant: FHM at Econet Group- Claim this Profile
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German Elementary proficiency
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Russian Elementary proficiency
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Bio
Wenzile Madonsela Msimanga
Khulekile is not only technically skilled in business and finance but he is also highly motivated and enthusiastic about his business . It has been an incredible experience working with him. He is a coach, teacher and someone who cares about the greater good of hummanity. This reflects in his business model which is focused on empowering small businesses owners. Your vision is contagious!
Wenzile Madonsela Msimanga
Khulekile is not only technically skilled in business and finance but he is also highly motivated and enthusiastic about his business . It has been an incredible experience working with him. He is a coach, teacher and someone who cares about the greater good of hummanity. This reflects in his business model which is focused on empowering small businesses owners. Your vision is contagious!
Wenzile Madonsela Msimanga
Khulekile is not only technically skilled in business and finance but he is also highly motivated and enthusiastic about his business . It has been an incredible experience working with him. He is a coach, teacher and someone who cares about the greater good of hummanity. This reflects in his business model which is focused on empowering small businesses owners. Your vision is contagious!
Wenzile Madonsela Msimanga
Khulekile is not only technically skilled in business and finance but he is also highly motivated and enthusiastic about his business . It has been an incredible experience working with him. He is a coach, teacher and someone who cares about the greater good of hummanity. This reflects in his business model which is focused on empowering small businesses owners. Your vision is contagious!
Credentials
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Executive Leadership
LinkedInSep, 2021- Nov, 2024 -
Strategic Thinking
LinkedInSep, 2021- Nov, 2024 -
Animation Fundamentals and Careers
LinkedInAug, 2021- Nov, 2024 -
Corporate Finance: Robust Financial Modeling
LinkedInJun, 2021- Nov, 2024 -
SAP Financials Essential Training
LinkedIn Learning ⋅ Course CertificateJun, 2021- Nov, 2024 -
Learning Data Analytics
LinkedInMay, 2021- Nov, 2024 -
Pricing Strategy: Value-Based Pricing
LinkedInMay, 2021- Nov, 2024 -
Statistics Foundations: The Basics
LinkedInMay, 2021- Nov, 2024
Experience
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Econet Group
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Mauritius
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Technology, Information and Internet
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1 - 100 Employee
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Group Reporting & Consolidations Accountant: FHM
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Aug 2022 - Present
- Directly Reporting to Group Financial Controller, indirectly to Group CFO and Deputy CFO. - Business partnering and shared services with Group Opcos - Drafting of Group AFS - Oracle HFM Administration/super-user support. -Annual, Quarterly, Monthly Financial Reporting and review of group-wide submissions and deliverables. - Consolidation of Group AFS on Hyperion Financial Management. - Audit support - Intercompany and Intragroup reporting and process improvement - Preparation of IFRS Technical Papers - Providing Smartview extracts in line with Group level requirements - Financial Planning and Analysis across the Group operations - Preparation of Annual Performance Reports including industry specific KPIs
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Unafundo Consulting (Pty) Ltd
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South Africa
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Financial Services
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Independent Contractor
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Jan 2019 - Jul 2022
1. MANAGEMENT CONSULTING SERVICES FOR CLIENTS IN RETAIL, CONSTRUCTION AND PROFESSIONAL SERVICES: • Financial Modelling & Forecasting • Stakeholder engagement • Audit process and readiness management • Built Excel based “Business Health Indicator” to aid/guide first time investors in making decisions • Built Excel based solutions to aid Working Capital Management • Team management • Project Management • Risk, compliance and good governance management • Strategy development in both For Profit and Non-Profit organizations. 2. INTERNATIONAL TRADE FINANCE FACILITATION • Management of KYC and CIS processes for clients seeking to raise funds through SBLCs • Assessing viability of business and project plans • Review of Funding Deeds of Agreement • Development of business plans for capital intensive projects (Funding needed >R3bn) 3. FINANCIAL ACCOUNTING & REPORTING Reporting to EXCO and prospective investors. Business partnering AFS preparation ( across varied industries) Independent review of Annual Financial Statements Capex Planning Cash flow management and reporting 4. BUSINESS TRAINING AND DEVELOPMENT Businesses trained on Business financial literacy, good governance, reporting and fundamental business principles from January 2019 to June 2022 15 business under SAICA ED 25 beneficiaries of the Innovator Trust 10 trainees under South African Media Innovator Program 50 trainee beneficiaries of the Mpumalanga Stainless Initiative (contracted in by the Mind Retirement Institute) 30 beneficiaries of Finance for Non-Financial Professionals training. 150+ beneficiaries of the Agility & Resilience training course presented with the Thuma Foundation Governance & Ethics training for SMEs to: Allan Gray Orbis Foundation SAIPA (South African Institute of Professional Accountants) Convention) SAIPA Accounting Indaba 2021 (Global audience) SAICA (South African Institute of Chartered Accountants) Ethics Series- April 2022
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The Thuli Madonsela Foundation (Thuma)
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South Africa
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Non-profit Organizations
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1 - 100 Employee
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Independent Contractor
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Jan 2019 - Jul 2022
My duty at the foundation is to prepare monthly financial records, budgets, forecasts and setting up financial controls. A key element of my duties at Thuma is to provide strategic input into how the organisation can remain financially sustainable without venturing away from its non-profit nature. I have developed and enhanced my knowledge of non-profit, social-impact operations as my involvement at Thuma has been fairly hands-on and beyond the pure finance function. I am able to develop a non-profit business model as well as financial strategies that steer a non-profit organisation towards the achievement of its desired impact. During my tenure, Thuma has managed to improve its internal controls and maintained compliance with all South African regulatory requirements.
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Macmillan Education South Africa
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South Africa
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Book and Periodical Publishing
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100 - 200 Employee
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Group Financial Accountant
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Sep 2015 - Dec 2018
I am part of a financial reporting team which services the Sub-Saharan countries in which Macmillan Education has a presence. My tasks include but are not limited to: • Preparation of monthly management accounts at Group level. • Monthly regional sales reporting and analysis. • Monthly regional variance analysis and commentary. • Preparation of budgets and forecasts twice a year. • Accurate and timely submission of forecasts bi-annually according to set deadlines and liaising with all relevant parties involved • Submission of year-end financial packs at Group level • Audit readiness and response to audit queries • Reporting to financial manager and at board level. • Forming key relationships with management of other entities within the group. • Timely and accurate upload and submission in FDM and HFM according to set deadlines • Internal controls monitoring. • Business partnering across various functions, financial analysis and business analysis.
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Morar Incorporated
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Centurion, Gauteng
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Audit trainee
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Jan 2013 - Aug 2015
My duties have involved: - Engagement planning and risk assessment - Auditing of all major components of annual financial statements prepared according to IFRS - Audit finalization - Internal audit - Forensic investigations I have gained experience on the following assignments 2013: Conducted Lease review of Mmabatho Regional Office of the National Department of Public Works Assisted with forensic investigations of certain matters within the National Department of Public Works. External audit: Eastern Cape Department of Social Development External audit: Musina Local Municipality External audit: Fetakgomo Local Municipality Forensic Audit: Greyville Primary 2014 External audit: Letaba FET College External audit: W&R Seta External audit: ShoeTown (Pty) Ltd Annual Financial Statement preparation and tax work for the following clients: The Hajra Jaset Family Trust MS Peer Family Trust Purple Moss 1248 CC MS Peer Property Investments Internal Audit: Construction Industry Development Board Corporate Governance and Risk Management review: Construction Industry Development Board
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Moore Global
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United Kingdom
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Accounting
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700 & Above Employee
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Trainee Accountant
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Feb 2010 - Dec 2011
Preparation of annual financial statements Testing and assessing the internal controls and systems of the client Testing the logic, nature and basis of journals passed by the client Testing for the existence of current assets Preparation and maintenance of Bank confirmations Testing for the complete disclosure of liabilities Assessing the basis and reasonability of provisions Assessing the reasonability and nature of client expenses Testing and re-performance of bank reconciliation for audit clients Preparation and updating of fixed asset register for the client as and when necessary. Recalculation of depreciation and tax wear and tear calculations for the fixed assets Preparation of the audit files Assist in editing and preparing client financial statements on Case Ware. Passing of any audit journals as and when they were necessary Preparation of documents to be signed by client management regarding their remuneration of directors Preparation of tax computations Preparation of financial statements I gained exposure to clients in various industries including retail, property, construction and financial services.
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Education
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2009 - 2009
Rhodes University
Postgraduate Diploma in Taxation -
2013 - 2013
UNISA
Postgrad Diploma in Accounting Sciences (CTA), Accounting -
2005 - 2008
Rhodes University
Bachelor of Commerce (B.Com.), Accountancy
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