Mbyiseni General Jafta
CHIEF FINANCIAL OFFICER
Germiston
Summary
With over 30 years of work experience in Finance field, and which 20 years as a Chief Financial Officer in three (3) different sectors, i.e. Local Government sphere, National Public Entity and Provincial Public Entity. I'm a seasoned Chief Financial Officer with a passion for financial management and governance. I have a Bachelor of Commerce degree in Finance and a strong background in managerial finance, Cash Flow, and financial reporting
Overview
33
33
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Mpumalanga Regional Training Trust
09.2008 - 09.2025
- Overseeing the corporate services function of Mpumalanga Regional Training Trust (MRTT).
- Overseeing the overall financial function of Mpumalanga Regional Training Trust (MRTT).
- Responsible for the formulation of the Mpumalanga Regional Training Trust (MRTT)’s Financial Strategy and guide the Governing Board.
- Responsible for the formulation of the MRTT’s Financial Strategy and guide the Board of Directors.
- Oversee Budget development and PFMA’s compliance.
- Oversee Supply Chain, Administration and related transactions.
- Compliance, Reporting and Financial Statements for auditing.
- Setting up of performance goals and objectives for the entire corporate Services Programme.
- Managing revenue, debt collection, and financial risk, implementation of adequate and effective internal audit and accounting controls.
- Manage the accounts, budgets and financial control activities of MRTT.
- Responsible for the development of policies in the Corporate Services function.
- Preparation of monthly, quarterly management accounts (reports) for the Board Committees EXCO, Audit Committee) and Board of Directors meetings.
- Advising the Chief Executive Officer; Board of Directors and Management and other officials on financial and compliance matters – with regards to applicable legislation.
- Responsible for compilation of the budget and setting up of performance objective for Corporate Services.
- Responsible for completion of National Treasury and/or Statistics South Africa
- Ensuring accounting compliance with the Public Finance Management Act (PFMA); Treasury Regulations; Preferential Procurement Policy Framework (PPPFA); BBBEE; BCEA; Public Audit Act; etc.
- Preparation of Annual Financial Statements;
- Liaise with the Internal; External Auditors and Office of Auditor-General South Africa.
- Responsible for tabling of Annual Budgets; Strategic Plans and Annual Financial Statements at Portfolio Committee (Provincial legislature) and SCOPA.
Chief Financial Officer
Media Development and Diversity Agency
10.2006 - 09.2008
- Overseeing the overall Finance function of MDDA.
- Managing revenue; and financial risk, implementation of adequate and effective internal audit and accounting controls.
- Managing budget and implementation of cost control measures.
- Preparation on Internal financial monthly; quarterly management reports for Board Committee meetings and the Board of Directors quarterly meetings.
- Advising the Chief Executive Officer, Board and Senior Management Officials.
- Guide Management on management accounting, grants disbursements Community newspapers, Community Radio Stations and statutory reporting.
- Responsible for compilation of the Annual Budget and Quarterly and Annual Financial Statements.
- Compilation and submission of In-Year-Monitoring (IYM) on quarterly to the Provincial Treasury.
- Responsible for completion of National Treasury and/or Statistics South Africa templates
- Ensuring accounting compliance with the Public Finance Management Act (PFMA); Treasury Regulations; MDDA policies; Public Audit Act.
- Liaise with the Internal; External Auditors and Office of Auditor General South Africa (AGSA).
- Responsible for tabling of Annual Budgets; Strategic Plans and Annual Financial Statements at Portfolio Committee for Communication at the National Parliament.
- (MDDA) – PFMA Schedule 3C Listed Public Entity under GCIS
Chief Financial Officer
Magareng Local Municipality
07.2004 - 09.2006
- Overseeing the overall accounting function of Magareng Local Municipality.
- Managing revenue, debt collection, and financial risk, implementation of adequate and effective internal audit and accounting controls.
- Managing budget and implement cost control measures.
- Preparation on Internal financial monthly reports for Financial Committee meeting and to the council monthly meeting.
- Advising the Municipal Manager, Council and Senior Management Officials.
- Responsible for compilation of the budget.
- Responsible for completion of National Treasury and/or Statistics South Africa
- Ensuring accounting compliance with the MFMA, Municipal Legislation (Structures Act, Systems Act, etc), By-laws and policies of the Magareng Local Municipality.
Various positions listed below
Kumba Resources Ltd – previously Iscor Ltd
09.1992 - 06.2004
- Commodity buyer (February 2003 – 30 June 2004)
- Setting up of internal control systems in the Logistic Department – (receiving and Stores)
- Identified risks and weaknesses in internal controls and make recommendations and implement improved internal controls.
- Create quotations and requisitions as requested by the end-user(s).
- Maintaining quotes and placing orders.
- Drawing up of contracts of Suppliers and modifications thereof.
- Expediting of orders, liaising with the financial departments in solving problems relating to discrepancies on invoicing and pricing.
- Arranging forward cover contracts of imported goods.
- Negotiate contracts, valuation of tenders and loaded information of approved supplier in SAP R/3 4.6 system.
- Senior Accountant (September 2000 – January 2003)
- Prepared weekly management reports regarding production performance, dispatches to local clients, export and inter-group sales.
- Prepared Capital Expenditure Cash Flow forecasts.
- Asset Management – creating assets, capitalization of assets, depreciation calculations, transfer of assets and general asset management.
- Performed year-end procedures relating Capex and compiled Variance Reports.
- Capital Expenditure budgets.
- Completed tax pack on a quarterly basis and prepared VAT returns.
- Prepared export debtor’s revaluations and correspondence accounting journals at month-ends.
- Prepared Fixed Asset Register for review.
- Reconciled Fixed Asset Register to the he ledger on SAP R/3 4.6 and Hyperion systems.
- Prepared for audits and performed physical asset count.
- Calculated forex losses/gains and adjusted the General Ledger accordingly.
- Tracked costs in respect of various commodities on Purchases and Material modules and analysed cost variance.
- Accountant (1999 – August 2000)
- Compiled internal Financial and Management Reports.
- Generated invoices for local clients
- Stock management and control.
- Prepared actual and forecasts cost reports.
- Prepared Trading Account which deals with production costs for dispatched goods to local clients, inter-group and overseas clients.
- Compiled Financial Statements – Income Statement, Cash flow Statement and Balance Sheet.
- Prepared Variance Report analysis.
- Monitored and controlled Traveling and Subsistence claims.
- Controlled cheques and electronic payments.
- Reconciled debtor accounts - Age analysis.
- Reconciled cash received and disbursements.
- Accountant-in-Training
- Training covered the following areas:
- Trade and sundry creditors
- Trade and sundry debtors
- Managed Debtor’s Age Analysis for Glen Douglas and Mooiplaas Dolomite mines.
- Cash book management
- Preparation of budgets
- Capital Expenditure and Asset Management – Legacy system.
- Creditors Clerk (1992 – 1995)
- Matched invoices with goods received notes
- Did payment reconciliations and issued cheques
- Did general ledger account reconciliations
- Performed bank reconciliations
- Resolved customer queries
- Petty cash Travel and Subsistence claims.
Education
Senior Leaders Development - SLD
University of the Witwatersrand
Johannesburg01.2019
MBL - undefined
University of South Africa
Midrand01.2004
B Comm - undefined
University of Durban-Westville
Durban01.1993
Matric - undefined
UMTHATHA TECHNICAL & COMMERCIAL COLLEGE
UMTHATHA01.1985
Skills
Financial reporting
Budget development
Accounting principles
Financial management
Affiliations
- Member of South African Institute of Chartered Accountants – SAICA.
- Past member of the Audit Committee at Gamagara Local Municipality – Kathu (Northern Cape Province)
- Member of the Operation Clean Audit for 2014 (representing Public Entities) – Mpumalanga Province
Certification
Senior Leaders Development Program
Timeline
Chief Financial Officer
Mpumalanga Regional Training Trust
09.2008 - 09.2025
Chief Financial Officer
Media Development and Diversity Agency
10.2006 - 09.2008
Chief Financial Officer
Magareng Local Municipality
07.2004 - 09.2006
Various positions listed below
Kumba Resources Ltd – previously Iscor Ltd
09.1992 - 06.2004
MBL - undefined
University of South Africa
B Comm - undefined
University of Durban-Westville
Matric - undefined
UMTHATHA TECHNICAL & COMMERCIAL COLLEGE
Senior Leaders Development - SLD
University of the Witwatersrand
Other Training
- Accountant in Training Program - from July 1995 – 31 December 1998
- Accelerated finance training and development programme – 1 July 1997 – 31 December 1997.
- Completed SAICA Articled clerkship through the Training Outside Public Practice (TOPP) programme (1 January 2000 to 31 December 2002).
- SAP R/3 4.6 training (Financial Accounting, Assets Management, Investment Management, Materials Management and Controlling)
- MS Office applications
- SABATA Financial Management System (FMS) (TurbMunex) – Payroll module.
- Softline Pastel payroll
- Financial Modeling