Our Leaders

Malungelo Jita ca (sa)
director Ext Audit

CA (SA)
B Compt Hons– (UNISA)
B Compt
17 years as qualified CA

Education

Malungelo was a Financial Director at Alexander Forbes Africa he was responsible for Securitisation of debtor’s book- R250m.He setting up funding of foreign operations through various structures. He was also involved in management and financial Accounting and payroll as well as budgeting process. Review of BEE transaction of Alexander Forbes with MCI.

Group Executive Director: Finance

Project Manager, structuring of finance packages for sale of companies products Treasury activities, funding and investor and bank relations. Financial evaluation of new projects and ventures, investments in research and development, and evaluation of capital expansion projects.

Role and Experience

Development and maintenance of model for development of detailed quotations for short and long term projects,
1 to 5 year projects at various stages of completion.
Determination of financial viability of projects at various stage of completion.
Detailed financial report on projects
Treasury Management and Funding
Treasury and risk management policies, cash flow management
Management of Denel Bond
Structuring of finance packages for clients
Bank facilities, bank relations

Stimulating and building internal and external relationships (Local and International Banks, Eskom, Auditors, Tax, Government Department)

• Achieved AA (zaf) Long-term rating assigned by Fitch.
• Raise a Bond of R825 million for Denel; this was a debut bond for Denel.
• Negotiated Bank facilities in US Dollars
• Ring- fenced major projects to make all costs visible He also concluded consolidation of IT division of Denel Eskom and Transnet.

Clients

• Thebe Investment Holding
• Telkom