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Summary

PROFILE
Who we are
Morongwa Consulting Inc is a well-established South African firm (“the Firm”) of accountants and business
advisors, around the country. Morongwa, a Pedi phrase meaning” the deliverer” which is in line with our vision
of delivering excellent professional services to our clients

Morongwa Consulting Inc aims to improve the financial outlook of our clients and our community. We make a
strong commitment to our clients, and have a vested interest in their success. We are known for our
responsiveness, friendliness and knowledge. Our strength is our people, whose skill, knowledge and integrity
keep us in the forefront in our industry. We are committed to supporting each member of our firm and our
clients, in an atmosphere of respect and trust. We value community and endeavor to participate to improve
individual lives

We offer professional accounting services around true single point of contact, with a team of experienced and
diverse professionals. Our distinguishing feature is that we are service driven and strive at all times to be a
one-stop shop for our clients’ accounting, tax and business advisory requirements. We continuously position
ourselves in the community as being both flexible and adaptive to the varying cultures and needs of our
clients. We also aim towards contributing to the employment and development of young previously
disadvantaged professionals

Our Vision
To deliver excellent and value added professional services to our clients in order for them to excel

Our Values
Excellence
Integrity
Efficacy
Accountability
Professionalism
Mission
Morongwa Consulting Inc is committed and passionate in providing professional, timely, comprehensive
accounting services to our clients, using a balance of innovation and practicality. The Firm staffs its
engagements with people who reflect the values, ethics and dedication of our profession and our Firm, thereby
ensuring the best possible service to every client, on every assignment

Our Key Management Team
Maphalle Maponya - Managing Director
B.Com (Financial Accounting) (UP), B.Com (Accounting Science) (Hons) (UKZN)
Maphalle Maponya, founder and Managing Director of Morongwa Consulting Inc is a graduate of the
University of Pretoria and holds Honours/Certificate of Theory in Accounting (CTA) from the University of Kwa-
Zulu Natal. He has more than 6 years experience in financial services sector. He completed his articles with
Deloitte then Nkonki, after which he assumed an Audit supervisor position at the latter audit firm. His audit
client’s portfolio includes the following blue chip entities:
• Public Investment Corporation (PIC)
• Gauteng Tourism Authority
• McCarthy Kunene
• Indwe Holdings
• Thebe Investment Corporation
• Government Employees Pension Fund(GEPF)
• Agricultural Research Council (ARC)
In 2007 Maphalle joined the Standard Bank-Corporate & Investment Banking division where he was the
Financial Manager in Securitisation department

He was also employed at Sechaba Medical Solutions (Pty) Ltd as a Finance Manager gaining considerable
experience in the Health Industry including laws and regulations governing the industry. He was in charge of
two medical schemes, namely; Sizwe Medical Fund and Gen-health Medical Scheme

Maphalle’s passion for accounting is a unique advantage that the Firm has. His understanding of accounting
standards (i.e. IFRS), Tax, Auditing and Business management provides us with the competitive advantage in
our area of specialization

Nomzamo Maponya-Director
B.Com (Financial Accounting) (UP), B.Com (Accounting Science) (Hons) (UKZN)
Nomzamo Maponya holds a BCom: Accounting from University of Pretoria and BCom: Accounting (Hons)
from University of Kwa-Zulu Natal. She completed her articles with the Standard Bank Group. Whilst with the
group she was seconded to Stanbic Malawi and Standard Bank Jersey (UK) finance departments to assist in
the implementation of new financial reporting systems

Whilst with the group she rotated to the following divisions:
• Group Finance
• Group Secretarial
• Group Internal Audit
• Group Tax
• Corporate Investment Credit
• Corporate Investment Properties
• Stanbic Africa
She has worked as a Finance Manager at Stanlib Asset Management which is a subsidiary of the Standard
Bank Group

She has also worked at Gijima Ast as a Finance Manager on the WAIO Project (Who am I on line) which is a
billions worth investment by South African government into the Home Affairs Department

Nomzamo was appointed by Morongwa Consulting Inc. on the 01 March 2010

Services
Clients receive practical advice on business issues tailored to meet their objectives from experienced
accountants and business advisers. The firm has adequate resources to advice on most financial matters

Clients can be assured that the advice received takes into account the client’s culture and customs in addition
to applicable laws and regulations, thus ensuring the success of their business
Accounting
The Firm provides fully outsourced management accounting and company secretarial services to entities with
limited resources that wish to focus management effort on growing their business

The firm also provides the following services:
• Review and compile financial statements
• Review current accounting procedures and internal controls
• Implement or improve on computerized accounting systems
• Training and support to accounting staff
• Bookkeeping and payroll services
Taxation
Corporate Taxation
Taxation affects all businesses. Developing effective tax strategies that encompass the whole entity is
essential, with the impact of an approach of a particular transaction/s considered in relation to its effect on the
overall tax position of the entity and objectives of management. It is also a fact of life that the tax legislation is
becoming ever more complex

The Firm has specialist knowledge and experience to assist clients deal with all the different aspects of
taxation and, where required, negotiate with SARS on their behalf. The Firm aims to minimise taxation
therefore maximizing wealth, whilst ensuring compliance with relevant legislation

For example, we advise on:
• Compliance requirements
• VAT
• Withholding taxes
• Customs duties
• Dividend, royalty or interest planning
• Employment taxes and employee benefits
Personal Taxation
The Firm also advices on taxation of individuals
Advisory
Corporate Governance/King III
As standards of corporate behavior come under increasing scrutiny, senior managers need to take into
account the rules, regulations and best practice concerning Corporate Governance. Our specialists provide
practical advice in this important area

Risk Management
Expert advise on risk management, review of not only financial risks but other areas including operations,
resources and reputation that can have a dramatic impact on the continuing success of an entity

Internal Audit
Internal audit plays a valuable role in providing assurance that key controls are in place and operating
effectively so that financial and other corporate risks are managed. Advice on, and assistance with the
operation of an internal audit service is provided. Internal audit can also be outsourced to us

Business valuations
These may be required for a variety of reasons. The Firm has experts with strong track records in establishing
and valuing companies and other business structure. Where required, our reports are used as support in
litigation or negotiations with tax authorities

Fraud prevention and detection
Fraud is now a fact of business and its cost to business is enormous. Advice is available on prevention and
detection of fraud, whether carried out using traditional methods or via the internet

Other professional advice
The Firm maintains close contacts with business leaders, bankers, lawyers and other professionals in our
community and can make introductions where required

C o ntac t us :
Maphalle Maponya
+27 (0) 083 289 2316
+27 11 514 0922
[email protected]
Nomzamo Maponya
+ 27 (0) 83 579 3975
+27 11 514 0922
[email protected]
Website:
www.morongwaconsulting.co.za
Physical address:
28 Onsloane Office Park, Block C
28 Sloane Street
Bryanston
Sandton
2191

Business valuations . These may be required for a variety of reasons. The Firm has experts with strong track records in establishing and valuing companies and other business structure. Where required, our reports are used as support in litigation or negotiations with tax authorities. Fraud prevention and detection