Sabelo Raymond Mahlathi
Tax And Accounting Consultant
Brackenfell
Summary
Proficient Chief Financial Officer knowledgeable about financial leadership and operational needs. Resourceful and tech-savvy decision-maker with a deep understanding of Public Financial Management Act and government policy development and implementation expertise.
Overview
21
21
years of professional experience
1
1
year of post-secondary education
4
4
Languages
Work History
Chief Financial Officer
iHLATHI Communications & Business Consultants
01.2022 - Current
- Compilation of Budgets and Financial Statements of Municipalities in line with National Treasury guidelines
- Policy development on Financial related matters with a specific focus to local government and public sector
- Financial statement compilation and municipal VAT returns completion
- Alignment of Budget and Performance with IDP
- Consulting in local government legislation and performance management
- Tax assessments and returns on behalf of clients
- Compilation of monthly, quarterly, and bi-annual Financial and Performance reports
- Reconciliations: Bank, Creditors, and Debtors
- Compilation of VAT Returns and reconciliations
- Compilation of payroll administration reports
- Ensure accuracy in determining, PAYE, VAT, Provisional and Income taxes
Regional Secretary
AFRICAN NATIONAL CONGRESS
10.2017 - 12.2021
- Head of administration of the region
- Responsible for the functionality of the organization in the region
- Accountable for all staff and executive committee members performances
- Responsible for compilation of annual, quarterly, and monthly organizational performance reports.
- Responsible for implementation of programmes and decisions of the organization
- Leads the elections and all campaigns.
- Responsible for organizational building, and training of all members
- Responsible for stakeholder relations management.
Financial Management Consultant
iHLATHI Communications & Business Consultants
01.2012 - 09.2017
- Compilation of Budgets and Financial Statements of Municipalities in line with National Treasury guidelines
- Policy development on Financial related matters with a specific focus to local government and public sector
- Financial statement compilation and municipal VAT returns completion
- Alignment of Budget and Performance with IDP
- Consulting in local government legislation and performance management
- Tax assessments and returns on behalf of clients
- Compilation of monthly, quarterly, and bi-annual Financial and Performance reports
- Reconciliations: Bank, Creditors, and Debtors
- Compilation of VAT Returns and reconciliations
- Compilation of payroll administration reports
- Ensure accuracy in determining, PAYE, VAT, Provisional and Income taxes
Chief Financial Officer
CEDERBERG MUNICIPALITY
01.2011 - 12.2012
- Provide strategic leadership to the finance directorate and provide sustainable financial management to the entire organisation under the leadership and guidance of the Accounting officer and council
- Responsible for the preparation and the control of the budget - Ensure compliance with all sections of the MFMA, other financial Legislation and Regulations
- Preparation of annual financial statements according to prescribed standards
- Develop and facilitate the implementation of the Supply Chain Management system consistent with the legislative framework
- Ensure the Budget and Medium Term Revenue and Expenditure Framework of the Municipality are aligned to the five-year IDP of the Municipality
Business Consultant and Development Financier
RED DOOR
05.2009 - 12.2010
- Company Overview: Small Business Development Agency
- To Provide SMME with a full scope business advisory service which includes
- Evaluate new business ideas
- Help with the registration of new businesses
- Assist clients with the registration of new co-operatives
- Identify training needs for SMME owners
- Organise accredited and non-accredited training
- Assist clients with SARS compliance services as well as other statutory requirements for their business
- Assist clients with the business plan development
- Link SMME's with mentors where necessary
- Facilitating access to finance opportunities for businesses
- Provide an on-going mentor services to SMME and
- Assist SMME's access sustainable markets
- Forge partnership with other private and public sector organisations that provide support in economic development
- Small Business Development Agency
Chief Accountant
iHLATHI Communications & Business Consultants
05.2008 - 04.2009
- New client acquisition
- Business advisory services
- Compilation of Business plans and Marketing plans
- Strategy drafting, implementation and review
- Compiling monthly and quarterly financial budgets
- Compiling monthly and annual financial Statements in accordance with GAAP and IFRS
- Tax assessments and returns on behalf of clients
- Ensure compliance with all business statutory bodies (SARS, CIPRO, etc)
- Reconciliations: Bank, Creditors, and Debtors
- Submission of various tax returns
- Compilation of VAT Returns and reconciliations
- Compilation of payroll administration reports
- Ensure accuracy in determining, PAYE, VAT, Provisional and Income taxes
- Compilation of Management Accounts
- Compilation of Budgets and Financial Statements of Municipalities in line with National Treasury guidelines
- Policy development on Financial related matters with a specific focus to local government and public sector
Business Analyst: Operational Banker
Absa Bank
06.2006 - 04.2008
- Company Overview: Corporate and Business Banking
- Customer service
- Financial statement analysis and business evaluation
- Identification and exploitation of cross-selling opportunities to clients
- Develop & maintain relationships with internal and external clients
- Credit assessments for new and existing business
- Analysis of business client needs and providing solution packages to them
- Ensure that the bank is fully secured against credit risks
- Accounting of proper and accurate income, asset, and liability recognition for the bank.
- Reconciliation of client statements
- Corporate and Business Banking
Intern: Municipal Financial Management
Cape Winelands District Municipality
06.2005 - 05.2006
- Revenue services:
- Capture revenue transaction
- Reconcile revenue collections
- Compile monthly income reports
- Compile risk account lists for legal actions
- Ensure accuracy of customer accounts
- Issue customer statements
- Perform reconciliation measures on client statements
- Expenditure services:
- Ensure procurement policies are complied with
- Ensure that procurement only occurred with pre-approved suppliers
- Update supplier information
- Ensure the supply chain process was in line with policies
- Capture timely payment of suppliers
- Process orders to pre-approved clients and contracts
- Ensure that all expenditure was budgeted for
- Reconciled suppliers/creditors accounts
- Financial management
- Ensure that the municipality as a whole complied with financial reporting standards (GAAP) and legislation such as MFMA, PFMA
- Measured the impact of the organisations economic development initiatives
- Participated in the bi-annual budget process
Investment service consultant
Old Mutual
12.2004 - 05.2005
- Company Overview: Fairbairn Capital
- Provide information on investment products to brokers and clients
- Compile investment performance reports
- Give technical insights on performances of unit trusts and other complex products
- Facilitate new investments
- Assist clients with investment withdrawals
- Communicate with SARS for tax liabilities calculations on client portfolios
- Facilitate the payouts to clients and to SARS for the relevant amounts
- Trained new employees on the daily business operations
- Assisted clients, brokers, and other business units with general queries
- Ensured that the clients and brokers are fully aware of the activities in their respective portfolios
- Fairbairn Capital
Education
Post Graduate Diploma - Public Management
Regenesys Business School
01.2024 - 01.2025
Registered - undefined
Institute of Accounting and Commerce
Associate member - undefined
Certified Institute of Bookkeepers
Full Member - undefined
The Institute of Administration and Commerce
VIP Payroll Academy certificate - Payroll Administration
VIP Payroll Academy
BComm - Financial Accounting, Management Accounting, Auditing
University Of Stellenbosch
Senior Certificate - undefined
Paarl Boys' High
Skills
- Financial management
- Accounting reporting standards
- Drafting accounting policies
- Capturing financial transactions
- Posting journal entries
- Compilation of Annual Financial Statements
- Conducting financial analysis
- Credit application compilation
- Credit application assessment
- Budget compilation
- Budget variance analysis
- Reconciliations
- Business negotiation
- Report writing
- Presentation skills
- Problem solving
- Teamwork
- People management
- Motivational skills
- Adaptability
- Microsoft Office
- Accounting software
- ERP systems
- Financial analysis
- Payroll management
Cash flow management
Business forecasting
Financial reporting
Accounting principles
Corporate leadership
Budget development
Awards
- Elected into the ANC Western Cape Provincial Executive Committee (PEC), 2023
- Regional Secretary of the ANC in Boland region, Western Cape, 2018
- Attended a study tour in Canada, Laval University on a topic: Impact of Culture in Business, 2016
- Cederberg Municipality obtained 3 unqualified Audits in three consecutive years, 2011-2015
- Auditor-General awards Cederberg Municipality as the most improved Municipality in the Western Cape, 2015
- Young Communist League (YCL) District Secretary - Boland region, 2006-2008
- One of the top performers as Old Mutual, 2005
- University of Stellenbosch - Student leadership, 2004
- SRC Sub-committee: Student Politics, 2003
- Class representative - Mercantile Law 381, 2002
Personal Information
- ID Number: 800909 6001 089
- Health Status: Excellent
- Nationality: South African
- Driving License: Code B
Timeline
Post Graduate Diploma - Public Management
Regenesys Business School
01.2024 - 01.2025
Chief Financial Officer
iHLATHI Communications & Business Consultants
01.2022 - Current
Regional Secretary
AFRICAN NATIONAL CONGRESS
10.2017 - 12.2021
Financial Management Consultant
iHLATHI Communications & Business Consultants
01.2012 - 09.2017
Chief Financial Officer
CEDERBERG MUNICIPALITY
01.2011 - 12.2012
Business Consultant and Development Financier
RED DOOR
05.2009 - 12.2010
Chief Accountant
iHLATHI Communications & Business Consultants
05.2008 - 04.2009
Business Analyst: Operational Banker
Absa Bank
06.2006 - 04.2008
Intern: Municipal Financial Management
Cape Winelands District Municipality
06.2005 - 05.2006
Investment service consultant
Old Mutual
12.2004 - 05.2005
Registered - undefined
Institute of Accounting and Commerce
Associate member - undefined
Certified Institute of Bookkeepers
Full Member - undefined
The Institute of Administration and Commerce
VIP Payroll Academy certificate - Payroll Administration
VIP Payroll Academy
BComm - Financial Accounting, Management Accounting, Auditing
University Of Stellenbosch
Senior Certificate - undefined
Paarl Boys' High
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