Zinhle Mothibi
Financial Manager
Pretoria East
Summary
Finance professional with over 10 years of experience in the mining industry, specializing in cost management, financial accounting, and project accounting. Experienced across open-cut coal and underground diamond operations, with key roles at Glencore and De Beers. Contributed to record-breaking performance at Glencore's Goedgevonden Mine through cost control and financial analysis, ensuring IFRS compliance and balance sheet integrity. Supported the integration of the Venetia Underground Project at De Beers, establishing financial policies and reporting systems. Currently serving as Financial Manager at Goedgevonden, leading financial strategy and operational excellence.
Overview
12
12
years of professional experience
2025
2025
years of post-secondary education
1
1
Certification
Work History
Financial Manager
Glencore Operations South Africa
02.2023 - Current
- Financial Planning and Analysis: Developing budgets, forecasts, and financial models to support operational decision-making.
- Cost Management: Monitoring and controlling costs across various operational activities, including exploration, production, and infrastructure development.
- Financial Reporting: Ensuring accurate and timely financial reporting in compliance with regulatory requirements and company policies.
- Capital Expenditure Management: Managing capital expenditure projects, including evaluating investment opportunities, budgeting, and tracking expenditures.
- Risk Management: Identifying and mitigating financial risks associated with mining operations, such as commodity price fluctuations and operational disruptions.
- Internal Controls: Establishing and maintaining internal control procedures to safeguard assets and ensure financial integrity.
- Stakeholder Communication: Collaborating with internal and external stakeholders, including mine management, investors, and regulatory authorities, to communicate financial performance and address concerns.
- Team Leadership: Providing leadership and guidance to the financial team, fostering a culture of accountability and continuous improvement.
- Compliance: Ensuring compliance with relevant accounting standards, tax regulations, and industry-specific regulations governing mining operations.
- Strategic Planning: Contributing to the development of long-term strategic plans for the mining operation, including financial goals and objectives.
Integration Accountant
The De Beers Group South Africa
02.2022 - 01.2023
- Ensure sound cost management processes and perform the necessary reviews to guarantee that detailed cost management supports the overall financial governance and reporting requirements.
- Develop, implement, investigate and maintain efficient financial control systems.
- Implement and advise on statutory legislation and regulations to ensure compliance.
- Influence and ensure timeous delivery of accurate and transparent mining related estimates, budgets, and forecasts to support the Business Plan, clearly articulating financial impacts around budget holder decision making and incorporating forward looking risks and opportunities.
- Analyze production, revenue, expenditure and development capital budgets to produce budgeted financial statements for presentation to management.
- Ensure accurate and effective decision making through extraction of specific data via existing standard reports or alternatively compiling new cost reports, depending on stakeholder requirements.
- Review overall financial performance of the various BU's through regular scheduled cost meetings and advise line managers and management on appropriate interventions to improve cost effectiveness.
- Ensure agreed Service Level Agreements (SLA's) are met, i.e. timeous reconciliations, within scope.
- Month end submissions, follow-up and resolving of any technical and/or general ledger related queries.
- Reason for leaving: Promotion
Financial Services Manager
Glencore Operations South Africa
02.2019 - 01.2022
- Ensuring that the parameters for the Life of Mine Plan and budget are in line with Group standards, principles, models, costs and saving drivers.
- Managing direct-reportee deliverables relating to monthly reporting.
- Identify, track and report on key business drivers.
- Track and analyze business performance against pre-determined targets.
- Compile budget in consultation with stakeholders and ensure the investigation of all budget alternatives.
- Management of internal and external audits.
- Review and manage capital and operational expenditure.
- Provide analysis of income and expenditure against targets to management.
- Ensure adherence to internal control practices, systems and procedures.
- Compilation and presentation of monthly Management Accountants to EXCO.
- Confirmation of monthly sales and revenue.
- Finalizing and accumulating the financial information to adjust, close and balance financial records at period end.
- Control and monitor processes and compliance to processes, identifying potential problems and identification of improvement opportunities.
- Coordinate preparation of all project related technical documents to ensure content and costs are within specified scope of work.
- Draw up and set clear financial policies and procedures to govern all financial transactions and operations.
- Manage and control the company's financials up to the balance sheet.
- Reason for leaving: Growth (Exposure to different commodities)
Management Accountant
Glencore Operations South Africa
09.2017 - 01.2019
- Calculating and posting of provisions and accruals and all monthly journals.
- Updating of Activity Based Costing files and Analysis of variances.
- Budgeting, Life of Mine Planning and Monthly forecasting.
- On-going cost benchmarking.
- Tracking and Reporting on Key Business Drivers.
- Completion of overhead cost information.
- Uploading of monthly actual, planned and budgeted statistical key figures.
- Month end preparation and reporting.
- Budget holder engagement and steer on operational matters.
- Creation of cost centres on SAP for new machines/ infrastructure and managing reporting structure on SAP.
- Managing workflow approvals for purchase requisitions and service entries.
- Compilation of monthly tax packs.
- Procure to pay functions.
- Reason for leaving: Promotion
Assistant Accountant
Glencore Operations South Africa
01.2015 - 08.2017
- Assisting with Internal Audits and Implementation of internal controls.
- Preparation of general ledger reconciliations and resolving of reconciling items.
- Mine stock valuations.
- Management of mine diesel (recons, diesel rebate, governance).
- Fixed Asset Register Maintenance.
- Capital forecasting and Capital budgeting.
- Mine Amortization and Depreciation scheduling.
- Bank reconciliations.
- Group cash flow forecasting.
- Managing online banking profiles.
- Reason for leaving: Promotion
Department Assistant
Optimum Coal Holdings
06.2013 - 12.2013
- General admin and support functions.
- Reason for leaving: Career Growth
Education
ADVANCED DIPLOMA IN MANAGEMENT ACCOUNTING -
CIMA
BACHELOR OF ACCOUNTING SCIENCES HONOURS - MANAGEMENT ACCOUNTING
University of South Africa
BACHELOR OF COMMERCE - FINANCIAL SCIENCES
University of Pretoria
SENIOR LEADERSHIP DEVELOPMENT - undefined
Wits Business School
Skills
- Advanced financial analysis
- Budget analysis
- Asset management
- Working capital management
- Budget compliance
- Cost accounting
- Budgeting and financial management
- Quantitative and qualitative analysis
- Financial modeling
- Financial reporting and analysis
- Financial planning
Highlights
- Transunion Rising Star, 2024, Mining and Minerals
- Developed framework for cost reporting, 2022
- Awarded rising star at Glencore Operations, 2023
- Placed first in Wits SLD Class, 2020, Winning ALP
Systems
- SAP (FI, CO, MM, SD, PS)
- HFM/ HFS (Hyperion)
- GL WAND
- WINSHUTTLE
- INEIGHT / BPC (Zero Based Budgeting Tools)
- MS Office (Advanced Excel; Word; PPT)
Accomplishments
- Won TransUnion Rising Star Mining and Minerals Category 2024
- Won Glencore Africa Rising Star 2023
- Developed framework for cost reporting at De Beers' Venetia mine (2022)
- Placed first at Wits Business School (SLD) (2020)
- Won Best ALP Project Wits Business School SLD (2020)
Certification
CIMA CGMA
Timeline
CIMA CGMA
04-2025
Financial Manager
Glencore Operations South Africa
02.2023 - Current
Integration Accountant
The De Beers Group South Africa
02.2022 - 01.2023
Financial Services Manager
Glencore Operations South Africa
02.2019 - 01.2022
Management Accountant
Glencore Operations South Africa
09.2017 - 01.2019
Assistant Accountant
Glencore Operations South Africa
01.2015 - 08.2017
Department Assistant
Optimum Coal Holdings
06.2013 - 12.2013
BACHELOR OF ACCOUNTING SCIENCES HONOURS - MANAGEMENT ACCOUNTING
University of South Africa
BACHELOR OF COMMERCE - FINANCIAL SCIENCES
University of Pretoria
SENIOR LEADERSHIP DEVELOPMENT - undefined
Wits Business School
ADVANCED DIPLOMA IN MANAGEMENT ACCOUNTING -
CIMA
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