For me, the basis for accounting is the balance of things. It teaches us common sense, which is less common than we think; we underestimate how impactful it is in enabling senior executives.
Since I was young, I have been fascinated by numbers, so my career choice was simple. I first worked as an article clerk in auditing, which led in time to an offer of partnership in an auditing firm. Later, I worked in the UK with GE Lighting as an accountant, then in banking at Nedbank in South Africa, before being headhunted for a CFO role with Super Group Coal, the largest coal logistics provider in Africa, which I helped build into a market leader. Now I lead my own consultancy offering strategic financial advice, mainly in the logistics, mining, energy and waste management industries.
Applying skills has no boundaries. My own journey took me to Canada for two years, and I’ve also worked in numerous other locations across the world. Today I sit on a number of boards across the mining, IT and consulting sectors. I am involved in a wide variety of ventures from business valuations, fundraising and due diligence work to lecturing and IT services.
I have always been able to tell the client, ‘Yes, I know the industry’
The list of challenges facing South African businesses is long. Failing infrastructure, corruption, a faltering legal system, high crime rates and prohibitive labour legislation all play a disruptive part. However, living in this environment also makes us world leaders in adaptation, innovation and survival, which is why skilled South Africans are often highly sought after worldwide.
I have always placed a premium on new learning as opposed to job stability. Each new role that I’ve taken on has required me to learn a lot quickly, to understand each company’s approach to business.
In seeking to value a company, it is key to apply common sense, always taking a step back and getting a holistic view of the business first. Ultimately profit is profit, and it should convert to cash at reasonable risk, but cash should always be ethically obtained and be measured against cost.
I have stepped out of my comfort zone on many occasions. I’ve learned that in any industry there are around 10 variables that you need to master to understand it and then add value. In my view, the best way to prepare yourself to take on challenges effectively is by learning Six Sigma, something I did to master’s level at Villanova University in the US. With this preparation I have always been able to tell the client, ‘Yes, I know the industry.’
AS CEO you can never switch off, as too many people depend on you
The role of CEO is different from others because of the massive and pressurised responsibility. The buck stops with you, something that is immensely different. I have found that as a CEO you can never switch off, as too many people depend on you.
To promote efficiency, I follow a mantra of my own devising. ‘Tomorrow is not another day. Today matters.’ This eliminates any temptation to procrastinate.
If I wasn’t in finance I would have been a game farmer. I find this a fascinating industry, and one that is crucial for conservation.
In my own time I like being busy outside. I especially enjoy hiking, kayaking, rod and line fishing, and also spear fishing.
