BUSINESS PROFILE MMN Chartered Accountants (MMNCA) is a 100% black owned professional services firm with 50% women ownership, established in February 2011. MMNCA provides financial consulting and advisory services. We are a Level 3 BEE accredited company. Our strategic intent is to provide tailormade business solutions to assist our clients to be leaders in their respective industries. We also have strategic partnerships with other Accounting firms in provinces of the country. VISION To be known and seen as a trusted, responsible company that provides sustainable business solutions for Africa s economic development. MISSION To add value to our clients businesses by focusing on providing sustainable business solutions tailor made for them. VALUES RESPECT * UBUNTU * BOTHO DESCRIPTION OF COMPANY MMNCA comprises of four divisions namely Accounting, Auditing, Taxation, Advisory, Funding Solutions and Enterprise Development. Our service offerings are based on the needs of our clients to be leaders in their respective industries and thus our objective is to provide tailor-made business solutions. THE SERVICES OFFERED ARE SPLIT AS FOLLOWS Accounting Taxation Advisory Funding Solution Enterprise Development A. Accounting Services MMNCA provides accounting and bookkeeping outsourcing services to small & medium size companies, municipalities and national departments. Services offered are as follows: Financial clean-up of the books of the company Financial systems, policies development and Implementation;
Record keeping; General accounting; Financial management; Maintaining fixed assets register; Preparation of SARS monthly returns and submission (PAYE & VAT Payroll processing; Financial and management reporting; Authorised dealers of Pastel software; Certified Pastel training and support services; Financial staff recruitment and training for clients who require staff; Audit Readiness; Revenue management; Debt collection and Reconciliations (debtors, creditors, cash) B. Taxation MMNCA offers tax advisory services that cover all aspects of South African direct and indirect taxes and exchange control regulations. We assist our clients in managing the tax risk and minimizing the tax burden by providing innovative and practical solutions for corporate, public sector and individual clients. Taxation services offered can be summarised as follows: Taxation planning (all forms of tax); Assisting with preparation of audit files for tax audits; Negotiations regarding reducing penalties and interest; Raising objections and related appeals; Registration for direct and indirect taxes; Completion and submission of tax returns (direct and indirect); and Obtaining tax clearance certificates and tax directives. C. Advisory With the strong financial and auditing background of all staff members of MMNCA, MMNCA is able to offer advisory services that assist clients in complying with relevant statutory framework and also dealing with compliance requirements. Advisory services provided can be summarised as follows: Risk assessment; Due Diligence (pre and post); Policies and procedures development; Investment decisions; Working capital and asset management services; Business analysis; Monitoring and Evaluation; Financial Restructuring;
Management and Board Pack Preparations; IFRS, GRAP,SOX Training; Conversion to International Financial Reporting Standards (IFRS); South African Statements of Generally Accepted Accounting Practice Implementation; Compliance with the Public Finance Management Act(PFMA); Compliance with the Municipal Finance Management Act(MFMA); Compliance with Treasury Regulations; Sarbanes Oxley (SOX) Implementation, GRAP Implementation; Business Combinations Valuations in terms of IFRS and Assets and Liability Assessment and Valuation. D. FUNDING Solutions MMNCA provides services in originating, negotiating and executing transactions across a wide range of corporate finance disciplines, including: Mergers, acquisitions and divestitures; Valuations; Due diligence reviews; Group and capital restructurings; and Capital funding solutions. We assist our clients in developing appropriate transaction strategies, advise on pricing, structure, and negotiation tactics and ensure the necessary documentation is completed. MMNCA manages the entire transaction process, seeing you through to a successful outcome. E. ENTERPRISE DEVELOPMENT SHAREHOLDING & MANAGEMENT STRUCTURE The current shareholding of MMNCA comprises two individuals, who also form the key executive management team. The respective individuals MMNCA shares are: Mamatsabu Maphike CA (SA): 50% Manzini Ncube CA (SA): 50% Please Note that executive and non-executive management are working on the following: 5% ownership by Employees of MMN Chartered Accountants and 5% ownership by Non-Profit Organisations
The management structure is as follows: A. Executive Directors Mamatsabu Maphike CA (SA) Manzini Ncube CA (SA) Audrey Mazike : Senior Manager B. Non-Executive Directors Zimkhitha Zatu CA (SA) Tshepo Moseki CA(SA) Hope Segone CA(SA) Mohlomi Makgalemele CA(SA) Waratwa Mtshali Executive Directors: Mamatsabu Tsabu Maphike CA (SA) is a Chartered Accountant by profession. She completed her articles at KPMG which is one of the big four audit firms. She specialised on audits in the financial services sector with a focus on BEE structures, debt funding, stockbroking, mining, tax structures and group accounting. Thereafter she joined Nedbank Capital and worked on various debt funding projects ranging from mining, power projects and BEE as a Transaction Manager. She then joined the Development Bank of Southern Africa in the International Division which focuses on funding huge infrastructure projects in SADC. There she worked on funding mining, cement, aqua culture projects amongst others. Her role involved extensive travelling into the rest of the African continent and building stakeholder relationships with the various High Commissioners, Ministers and business people in general to ensure that the development targets of SADC are met. She is currently a director at MMN Chartered Accountants which focuses on providing Accounting, Tax, Audit, Capital Funding Solutions and Advisory services. She is an SETA accredited trainer. Manzini Ncube CA (SA) is a qualified Chartered Accountant (SA) registered with the South African Institute of Chartered Accountants, Membership number: 08175783. Manzini holds a Bcom Accounting degree from the University of Cape Town and a Bcom Honours degree from the University of South Africa. He completed his articles with Deloitte & Touché which is one of the big four audit firms. His client portfolio at Deloitte included, Merrill Lynch SA, Nedbank, Regent Insurance Company, Absa Capital, Alexander Forbes Pension Administrators, Vunani Capital, Imperial Bank, Ethos Private Equity, Absa Capital and Renasa Insurance Company. Manzini has also worked for the Auditor General of South Africa as an Audit Manager on the audits of the Department of Health, the Council of Medical Schemes and the Compensation Commissioner for Occupational Diseases in Mines and Works. Thereafter he joined Rand Merchant Bank as an Internal Audit manager for the FirstRand group. Through his experience he has gained in depth knowledge of, amongst others, the Companies Act of South Africa, International Financial Reporting Standards, Income Tax Act, Public Finance Management Act, Municipal Finance Management Act, Treasury Regulations, GAAP and US GAAP. He also has extensive knowledge in risk assessment, controls (both financial and operational), working capital management, cost/management accounting, financial management and accounting and Taxation issues. He is currently director at MMN Chartered Accountants which provides accounting, tax, audit, capital funding solutions and advisory services. Manzini is an SETA accredited trainer.
CONTACT DETAILS: Business Address: JOHANNESBURG OFFICE Cnr Witkoppen & Umhlanga Kildrummy Office Park Balblair Building Paulshof 2191 LIMPOPO OFFICE (new office opening soon) Tel: (011) 319 7226 Fax: 086 720 2400 Email: Website: info@mmnca.co.za www.mmnca.co.za