Lesibana Fosu CA (SA)

Experience

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  PwC

  Jan 1999 - Jul 2003

  I worked with teams on global engagements in South Africa, Botswana, Mozambique, Swaziland, and Lesotho for multilateral agencies such as the World Bank and the European Union. I planned the audits/assignments, managed and coached the team, and prepared reports for my clients such as Pharmacia and Upjohn Pharmaceutical Company (now Pfizer), Society for Family Health, CARE International. I performed audits of various clients in industries such as banking and financial services, mining, commercial and industrial, Government (Public entities, National departments and municipalities) & NGOs.

  • Assistant Manager

    Jan 2002 - Jul 2003

  • Trainee Accountant

    Jan 1999 - Dec 2001
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  Department of Energy, Government of South Africa

  Aug 2003 - Feb 2005

  Senior Manager Finance

  I led a team of 10 direct reports to prepare and update South Africa’s National Electrification Master Plan and 3-year implementation plan. Prepared and forecasted the 3 year and annual budget for the electrification programme. Developed and implemented reporting framework for the programme. Prepared and managed contracts for implementing agencies. Developed and implemented internal control systems and monitored compliance thereof.

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  Sulzer

  Feb 2005 - Aug 2007

  Financial Controller

  As a CFO I was also a member of the board of directors. I managed a team of three, oversaw the budget process & its consolidation, financial & corporate reporting, forecast preparation & the analysis thereof, collaborated with Operations leadership to develop & implement business and financial strategy and reviewed monthly financial reporting against targets. I managed and oversaw the entire finance function, including treasury, payroll, corporate tax, CAPEX, working capital, is management including insurance programme and internal & external audit. I also coached and mentored direct reports.I led the reimplementation of BaaN ERP system, which reduced the month end reporting period from 10 to 4 days. Show less

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  Phambili Dismed Group Pty Ltd

  Aug 2007 - Jan 2009

  Financial Director

  Phambili Dismed Group is a Pharma/Healthcare company which manufactures intravenous fluids and distributed medical equipments and supplies.I also served as Corporate Secretary on the board of directors and led four direct reports. I oversaw the following functions: budget, forecast, financial and corporate reporting, treasury, payroll, corporate tax, CAPEX, Working Capital, internal and external audits. I led the implementation of Syspro ERP system which resulted in the group using one unified system as opposed to multiple systems, reduced costs associated with using different ERP systems, improved efficiency, accessibility & quality of corporate information and reporting.I designed and implemented a cost management model that ensured consistency in cost definition & allocation and monitoring. The model led to better understanding of costs and management thereof. As a result, the group increased profitability at the end of the first year of implementation Show less

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  Shikamoo Consulting Projects Cc

  Feb 2009 - Apr 2011

  Managing Member

  It was a manager owned Close Corporation and its main business was consulting in both private and public sector in the areas of business process mapping and process re-engineering, development of policies and procedures manual, Financial Accounting, Management Accounting, Project Management, , Internal Audit and Company Secretarial Services.

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  Road Accident Fund

  May 2011 - Apr 2014

  Chief Financial Officer
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  Cummins Inc.

  Jan 2014 - Aug 2016

  Financial Controller Africa Region ( Distribution Business Unit)
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  Various

  Mar 2017 - Sept 2019

  CFO Contractor
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  PRASA

  Sept 2019 - Mar 2024

  Group Chief Financial Officer

  PRASA is the national rail commuter and long distance provider. It is vertically intergrated as it is also responsible for the engineering aspect of the relevant rail infrastructure. In additional to the rail business, it is also a Property development and management business.