MOTHEO is a 100 percent black female-owned accounting firm which was formed as a result of a merger between two firms. The merged entity, the brainchild of Nitha Dire CA (SA) and Mamatsabu Maphike CA (SA), has provided the firm with a solid foundation from which to build on, as well as the capacity to make a sustainable contribution to the private and public sector. MOTHEO is highly skilled in key technical industries and prides itself on its ability and dedication to quality.
MOTHEO’s mission is to provide practical solutions through a quality audit and consulting approach, which is customised to every business’ needs. The firm is dedicated to formulating solutions relevant to the African continent. MOTHEO continuously aims to be a leading service provider of quality solutions that contributes to the sustainable growth of Africa.
The MOTHEO team has experience that varies across a range of sectors, be it public or private, which allows the firm to have specialist skills and general management expertise. MOTHEO has the ability to service clients’ specific product offerings as well as give advice on general business management. The team is made up of both senior and junior professionals who work together in order to allow for significant skills development and training.
COMPANY STATISTICS / DEMOGRAPHICS / HISTORY
Year founded: Collectively in existence since 2010 and merged in 2012
Founding members: Tsabu Maphike and Nitha Dire
Branches: Rivonia, Gauteng; Rustenburg, North West; Durban, KwaZulu-Natal
CSI: MOTHEO supports Khazumlani Career Exhibitions, an organisation dedicated to encouraging high school students in rural schools to go to university, and MOTHEO Mentorship for Girls. This is a mentoring programme we run in-house for our employees and young girls interested in accounting.
NATURE OF BUSINESS
Description of activity: Accounting, auditing and advisory: MOTHEO helps grow your business by helping you understand the variables that affect your business. The company does not believe in generic cut-and-paste solutions, but in ones that are innovative.
Key skills: Credit risk management and assessment, project management, statutory auditing, working knowledge of MFMA, PFMA, Companies Act, Income Tax Act, IFRS, GAAP, GRAP and King Code, bid preparations, valuations, extensive financial modelling experience, ability to assess adequacy of control systems, mergers and acquisition and BEE transactions and technical assessments on projects – with the focus on financial aspects.
Key industry experience: Manufacturing, energy, mining, medical, engineering, SMME/SME finance, developmental banking, Tribal Authorities, state-owned entities, and municipalities
Accounting: Project accounting, financial statement compilation and analysis; trusts, business and family foundations and NGOs, bookkeeping: SMME’s, financial statement compilation and analysis, taxation, monthly management accounts, public sector (GRAP accounting); and company secretarial, CIPC registrations, annual returns, advisory on company structures, changes/ resignations in CIPC documents
Auditing: External audit (public and private sector); internal audit; forensic audit and audit readiness (audit file compilation, asset verifications, financial statement compilations)
Advisory: Transaction advisory; bid preparations – renewable energy; fund-raising; energy efficiency – financial assessment: mining and manufacturing; project assessments; enterprise wide risk assessment and management; sustainable reporting; financial due diligences; and micro business advisory (pro-bono)
1 | 100 percent black female-owned accounting firm
2 | Formed through a merger between two firms
3 | Established in 2012
4 | Provides practical solutions with a quality audit and consulting approach
5 | Supports the both the Khazumlani Career Exhibitions and the Isibani Education Fund