Terence Arendse

Page 1 of 16 Private and Confidential Terence Cedric Arendse ……………………………………………………………………………………………………………………. PROFILE DATE OF BIRTH: 30 March 1950 SEX: Male MARITAL STATUS: Married DEPENDANTS: 01 DRIVER’S LICENCE: Code 08 LANGUAGE PROFICIENCY: Fluent in English & Afrikaans (speaking, reading & writing) HEALTH: Good ……………………………………………………………………………………………………………………. EDUCATION HIGHEST STANDARD PASSED: Matric YEAR OBTAINED: 1968 NAME OF SCHOOL: Harold Cressy High School SUBJECTS PASSED: English; Afrikaans; Mathematics; Geography; Latin; Physical Science ……………………………………………………………………………………………………………………. POST MATRIC QUALIFICATIONS NAME OF UNIVERSITY: University of the Western Cape DIPLOMA TAKEN: Certificate in the Theory of Accountancy YEAR COMPLETED: 1974 SUBJECTS: Accounting IV; Cost Accounting; Auditing III; Economics I; Income Tax; English I; Mercantile Law II; Statistical Methods; Accounts of Trustees, Liquidators and Executors POST-GRADUATE QUALIFICATION YEAR: 1976 Private and Confidential  Terence Cedric Arendse Page 2 of 16 Public Accountants' and Auditors Board South Africa Examination PROFESSIONAL QUALIFICATION: Chartered Accountant (South Africa) ……………………………………………………………………………………………………………………. MEMBERSHIP SOUTH AFRICAN SOCIETY OF CHARTERED ACCOUNTANTS 1977 to date CAPE SOCIETY OF CHARTERED ACCOUNTANTS 1977 to date ……………………………………………………………………………………………………………………. Private and Confidential  Terence Cedric Arendse Page 3 of 16 CURRENT EMPLOYMENT HISTORY COMPANY: POSITION HELD: Western Cape Liquor Authority Audit Committee Member EMPLOYMENT PERIOD: 1 May 2019 to 30 April 2022 REPORTING TO: The Governing Board of the Authority COMPANY: POSITION HELD: Provincial Department of Health Audit Committee Member EMPLOYMENT PERIOD: 1 January 2014 to 31 December 2019 (2nd term) REPORTING TO: Head of Department RESPONSIBILITIES Main responsibilities: Internal Audit: • Monitor and review the effectiveness of the Internal Audit Function including compliance with the International Standards of the Professional Practice of Internal Auditing. • Review and approve the Internal Audit Charter and amendments thereto. • Obtain annually from the Chief Audit Executive confirmation regarding the independence, objectivity and competency of the Internal Audit Function. • Review and approve the Rolling 3-Year Strategic and Annual risk –based Internal Audit Plan. • Promote a Combined Assurance Model, which will include inter-alia, co-ordination and co-operation between Auditor- General (AGSA) and the Internal Audit Function to minimise duplication of effort and promote reliance where possible. • Ensure that no restrictions or limitations are placed on the Internal Audit Function in the performance of its functions. External Audit: • Ensure that at the start of each annual audit cycle that appropriate plans are in place for the audit. • Review the allocation of hours by and fees of AGSA in relation to audit risks and recommend acceptance thereof to the Accounting Officer. • Review with AGSA their audit findings. • Review levels of errors identified during the audit, obtaining explanations from management and where necessary, AGSA, as to why certain errors remain unadjusted. Private and Confidential  Terence Cedric Arendse Page 4 of 16 Accounting and Financial Reporting: • Review Annual Financial Statements. • Review of Accounting Policies. • Review of management and audit report. Risk Management: • Consider the Department’s risk management strategy and policy. • Review and discuss the risk management initiatives planned for the year and the results thereof. • Ensure direct access by the Director: Enterprise Risk Management to the Audit Committee. • Review the opinions of Internal Audit and AGSA regarding the Department’s risk management systems. • Review the policies and overall process for identifying and assessing enterprise – wide risks and managing their impact on the department. • Review the timeliness of, and reports on, the effectiveness of corrective action taken by management. Internal Control: • Review the adequacy and effectiveness of the internal control systems. • Consider disclosing the implications of material internal control deficiencies identified in external and internal audit reports and the manner in which management is dealing with it. • Review of the department’s processes for compliance with the laws and regulations of the applicable statues. Pre-determined objectives: • Review on a quarterly basis the department’s progress towards the achievement of its annual strategic objectives as well as the quality of the Quarterly Performance Reports, and report to the Accounting Officer instances of non-achievement or slow progress. Ethics and Forensic Investigations • Review arrangements by which staff may, in confidence raise concerns about possible improprieties in the department and that arrangements are in place for appropriate and independent investigations of such matters and for appropriate follow – up action. • Review any situations relating to violations of ethical conduct and potential conflict of interest that it becomes aware of and make suitable recommendations to the Accounting Officer. • Evaluate the department’s exposure to fraud. • Periodically receive reports on the prevention, detection and investigation of fraudulent activities or misconduct within the department and the related management responses. Private and Confidential  Terence Cedric Arendse Page 5 of 16 PAST EMPLOYMENT HISTORY: COMPANY: POSITION HELD: Drakenstein Municipality Audit and Performance Committee Member EMPLOYMENT PERIOD: 1 August 2015 to 21 October 2018 REPORTING TO: Drakenstein Municipal Council ……………………………………………………………………………………………………………………. COMPANY: Western Cape Gambling and Racing Board POSITION HELD: Board Member, -Member of the Audit (ex officio), Finance and Licencing Committees, Chairperson of the Board from 11 August 2016 EMPLOYMENT PERIOD: 12 February 2014 to 11 February 2018 REPORTING TO: MEC Finance, Western Cape RESPONSIBILITIES Control and regulate all gambling and racing activities in the Western Cape REASON FOR LEAVING: Tenure ended on 11 February 2018. ……………………………………………………………………………………………………………………. COMPANY: Provincial Administration of the Western Cape DEPARTMENT: Provincial Treasury Western Cape POSITION HELD: Chief Director Local Government Finance Municipal Finance Management Act Coordinator EMPLOYMENT PERIOD: 1 January 2012 to 31 March 2013 REPORTING TO: Head of Fiscal and Economic Services RESPONSIBILITIES Effective budget management for Local Government Municipalities and management of the Chief Directorate Local Government Finance Line management: Strategic management, guidance and advice in respect of local government finance. This includes assisting, assessment and reporting on municipal budgets, revenue and expenditure management including municipal entities and to drive the implementation of the Municipal Finance Management Act (MFMA) at 30 municipalities. Private and Confidential  Terence Cedric Arendse Page 6 of 16 Main functions are: • Implement and coordinate Provincial Treasury’s responsibilities contained in the MFMA. • Manage the In Year Monitoring (IYM) process of the municipalities, check and make proposals to direct revenue and expenditure. • Monitor, assess, advise, coordinate and institute remedial steps to ensure sustainability and credibility of municipal budgets integral to the IYM process • Monitor the municipal adjustment budget process in terms of policy parameters and legislation. • Advise on the establishment of municipal entities. • Coordinate the quarterly Chief Financial Officer’s forum. Financial (budget), strategic, provisioning, organisational and performance management: • Performed the above functions at Chief Director Level for the Chief Directorate Local Government Finance, • Two directorates reporting to this position • Supervision: Direct 3: Indirect 25: • Chairperson of the Departmental Bid Adjudication Committee REASON FOR LEAVING: Retirement 31 March 2013. ……………………………………………………………………………………………………………………. COMPANY: Provincial Administration of the Western Cape DEPARTMENT: Provincial Treasury Western Cape POSITION HELD: Head Governance and Asset Management EMPLOYMENT PERIOD: Acting capacity 1 November 2008 to 31 July 2010 Permanent Appointment 1 August 2010 – 31 December 2011 REPORTING TO: Head of Department RESPONSIBILITIES Management of the Branch: Governance and Asset Management Line management accountability: • Continued to render the function of Provincial Accountant General for the Province. • Ensure the effective, efficient and prudent procurement and management of immovable, movable and financial assets across the provincial and municipal spheres. Private and Confidential  Terence Cedric Arendse Page 7 of 16 • Promote and deliver Public Private Partnerships and liabilities management in the provincial and local government. • Ensure effective oversight, security and management of the interlinked financial and electronic purchasing systems. Financial, strategic, provisioning, organisational and performance management: • Performed the above functions at both Branch Head and Chief Director Level for the Chief Directorate Asset and Liability Management • Directorates reporting to this position were Accounting, Supply Chain and Corporate Governance at provincial and local government level. • The detailed functions are similar to the functions as listed under the Provincial Accountant General’s position. • Chairperson of the Departmental Bid Adjudication Committee. • Chairperson of the Departmental Fraud and Risk Committee. REASON FOR LEAVING: Due to health reasons requested transfer to lower position and employed as Chief Director: Local Government Public Finance within the Department of Provincial Treasury. ……………………………………………………………………………………………………………………. COMPANY: Provincial Administration of the Western Cape DEPARTMENT: Provincial Treasury Western Cape POSITION HELD: Provincial Accountant General EMPLOYMENT PERIOD: 1 April 2005 to 31 October 2008 REPORTING TO: Head of Department RESPONSIBILITIES Management of the Chief Directorate: Provincial Governance • Execution, implementation and application of legislation, regulations, white papers, collective agreements, including the Constitution, Public Service Act, Public Service Regulations, Public Finance Management Act, Municipal Finance Act , Accounting Standards as published by the Accounting Standards Board , National Treasury Regulations, Provincial Treasury Instructions, international and national agreements. • Ensure the implementation of appropriate accounting standards for the Provincial and Local Government spheres. • Overall responsibility for the implementation of Corporate Governance standards at the provincial and local Private and Confidential  Terence Cedric Arendse Page 8 of 16 government level. • Incorporation and control of monitoring mechanisms with regard to normative financial management and risk management measures at a provincial and local government spheres. • Advice to Cabinet and Provincial Top Management regarding policy issues in connection with Financial Governance. • Conceptual development and interpretation of international agreements, national prescripts and provincial policy direction re Financial Governance issues. • Co-ordination of inputs regarding Financial Governance issues. • Conceptual development and interpretation of policy in terms of Financial Management. • For the period 1 April 2005 to 30 June 2007 overall responsibility for the rendering of internal audit services to the Provincial Departments and the management of the co-sourced agreement related to the performance and internal audit services. Organisational aspects • Member of the Departmental Top Management Meeting • Chairperson of the Departmental Bid Adjudication Committee • Chairperson of the Departmental Fraud and Risk Committee • Chairperson of the Western Cape Provincial Departments Chief Financial Officers Forum • Chairperson of the Western Cape Provincial Entities Chief Financial Officers Forum • Co- chairperson with the Provincial Auditor General Executive of the quarterly meeting of the Department and the Provincial Auditor General • Departmental representative at the National Accountant General’s Forum • Departmental representative at the SAICA Public Sector Regional Forum of the Western Cape • Member of the Provincial Department of Education (Western Cape) Audit Monitoring Team ACHIEMENT For the 2009/10 Financial Year all the Provincial Departments and Public Entities of the Western Cape received unqualified audit reports from the Auditor -General (AGSA). This has never been achieved by any Province since the 1994 dispensation. ……………………………………………………………………………………………………………………. COMPANY: Provincial Administration of the Western Cape DEPARTMENT: Transport and Public Works POSITION HELD: Chief Financial Officer EMPLOYMENT PERIOD: 1 April 2003 to 31 March 2005 REPORTING TO: Head of Department Private and Confidential  Terence Cedric Arendse Page 9 of 16 RESPONSIBILITIES CHIEF FINANCIAL OFFICER DUTIES to the Accounting Officer were the following: • To optimally fulfil the role as a member of the executive management team of the Department. • Participate actively in the formulation, review and adjustment of policy and ensure the proper implementation thereof. • Participate actively in the Strategic Planning Processes of the Department. • Develop departmental financial policies and instructions to supplement Provincial/National policies as required. • Provide financial support to the Executive Authority, Accounting Officer and Branch Heads of the Department. • Ensure the availability of an integrated financial management, budgeting and procurement system. • Ensure an effective and efficient system of internal financial control. • Providing timely and material accurate, relevant, complete and suitably presented financial results and trends with interpretative professional advice to senior management. • Manage the Department's annual budget in excess of R2billion on behalf of the Accounting Officer. • Certification of all submissions to the Accounting Officer in terms of Provincial Treasury Instructions 2.2.2 • Assist the Accounting Officer in managing and controlling the immovable and movable assets of the Department in an effective, efficient and economic manner. STAFF COMPLIMENT: Direct 40 employees Indirect 20 employees ACHIEMENT For the financial years 1999 to 2004 the Department of Transport and Public Works received unqualified audit reports from the Auditor- General (AGSA). It was the only Provincial Department of Transport and Public Works nationally that received unqualified audit reports on a consistent basis. REASON FOR LEAVING: Deployed to the Department of Provincial Treasury, Western Cape Private and Confidential  Terence Cedric Arendse Page 10 of 16 COMPANY: DEPARTMENT: Provincial Administration of the Western Cape Economic Affairs, Agriculture and Tourism POSITION HELD: Chief Financial Officer CONTRACT PERIOD: 1 April 2001 to 30 March 2002 REPORTING TO: Head of Department RESPONSIBILITIES Duties similar to the position held as Chief Financial Officer of the Provincial Department of Transport and Public Works. However, the Financial Management Division did not have a Branch status but that of a Directorate. ……………………………………………………………………………………………………………………. CONTRACT ASSIGNMENTS COMPANY: Provincial Administration of the Western Cape DEPARTMENT: Economic Affairs, Agriculture and Tourism BRANCH: Transport and Public Works POSITION HELD: Financial Manager CONTRACT PERIOD: 1 April 1998 to 31 March 2001 REPORTING TO: Head of Department and Head of Branch CHIEF RESPONSIBILITIES 1. Head of Branch 1.1 Controlling of Budgets: Revenue and Expenditure 1.2 Chairing of monthly finance meeting with Head of Branch and Directors to review monthly financial reports and forecasts per programme and sub-programme 1.3 Analysing, investigating and taking corrective action in respect of over-expenditure or under-recovery of income 1.4 Submitting financial reports at Management and the Minister’s meeting 1.5 Co-ordinating and submission of MTEF details and Explanatory Memorandum 1.6 Co-ordinating and submission of Adjustments Estimate 1.7 Monitoring of Provincial Motor Transport trading results, acquisition fund expenditure and outstanding debtors on a monthly basis 1.8 Monitoring and reviewing the replies to the Auditor General and Departmental Accountant queries 1.9 Monitoring and controlling special Funds to ensure that funds are available to meet disbursements Private and Confidential  Terence Cedric Arendse Page 11 of 16 1.10 Submitting of monthly reports to Treasury 1.11 Ensuring that FMS and Costing system is closed off within the time-frames set by Departmental Accountant 1.12 Submitting of Appropriation and relevant annexures to Departmental Accountant at year end 1.13 Have been appointed Super User in respect of the Fleetman Computer System implementation at Provincial Motor Transport 1.14 Implemented BMAS computer system to facilitate online downloading of information from the FMS for financial reporting purposes. Budgetary early warning system 2. 1.15 Verify the accuracy of Cabinet and Treasury Submissions relating to the financial implications of the submission 1.16 Co-ordinator of Standing Committee on Finance meetings relating to all financial aspects of the Branch 1.17 Creation of a database for the training needs of Financial Staff Head of Department Assisting with the co-ordination of the following duties until the structure and staffing at the Head of Department has been finalised and filled. 2.1 Attending Senior management and Management Meetings to give input in respect of Financial related matters. 2.2 Setting of a policy for the appointment of financial staff and the monitoring of the training of such staff. 2.3 Monitoring of Auditor-General queries and timeous response within set dates. 2.4 Department's representative at the Departmental Accounts Forum. 2.5 Department's representative at Auditor-General, Internal Audit and Departmental Accountant's Inspectorate forums. 2.6 Part of management team responsible for the setting up of a Departmental Accountant's function at the Department. ……………………………………………………………………………………………………………………. COMPANY: Radio K.F.M. (Pty) Ltd POSITION HELD: Financial Director's Assistant CONTRACT PERIOD: September 1997 to March 1998 NATURE OF BUSINESS: Radio Broadcasting Station Private and Confidential  Terence Cedric Arendse Page 12 of 16 REPORTING TO: Managing Director and Financial Director ASSIGMENT 1. Setting up salaries on First National Bank Bureau Payroll System for 53 Employees. 2. Recreating and establishing of payroll details for the period 1 March 1996 to 31 October 1997. 3. Utilising Excel Spreadsheet for employee payroll history creation. 4. Issuing of Tax certificates for the years ended 28 February 1997 and 1998 to employees and reconciling of tax payments to the Receiver of Revenue. 5. Setting up of employee files and letters of employment and contracts for salary staff. 6. Training of administration staff member to do the salaries. 7. Setting up internal control procedures for cheque payments, order books and petty cash. 8. Creating of a Fixed Asset register and reconciling the register with the ledger and physical verification of the assets as at 28 February 1997. ……………………………………………………………………………………………………………………. COMPANY: Masmail (Pty) Ltd. (Turnover R82 million) POSITION HELD: Financial Director PERIOD: 1993 to August 1997 NATURE OF BUSINESS: Direct Mail Order throughout the Republic of South Africa, Namibia, T.B.V.C. Countries, Zambia and Malawi. REPORTING TO: Managing Director of the Company and Chairman of the Mashold Group. CHIEF RESPONSIBILITIES 1. Financial Management of the Company. 2. Monthly meeting with the Chairman of the Group. 3. Budget Control. 4. Forecasts. 5. Cashflow Management. 6. Company representative on Postal Taskforce with the South Africa Post Office. 7. Company representative on the Employee Committee. 8. Foreign Exchange Control in respect of Imports. Private and Confidential  Terence Cedric Arendse Page 13 of 16 9. Taxation. 10. Audit Liaison. 11. Supervision of Administration and M.I.S staff - staff reporting to this position were 14 staff members. REASON FOR LEAVING: Mashold Group of Companies placed in provisional liquidation. ……………………………………………………………………………………………………………………. COMPANY: Tablekraft (Pty) Ltd (Turnover R60 million) POSITION HELD: Director PERIOD: 1991 to 1993 NATURE OF BUSINESS: Direct Selling throughout the Republic of South Africa and Namibia via an Agent Network REPORTING TO: Managing Director of the Company and Chairman of Mas Holdings Group CHIEF RESPONSIBILITIES 1. Financial management of the Company 2. Monthly meetings with the Chairman of the Group. 3. Budget Control. 4. Forecasts. 5. Cashflow Management. 6. Assisted in setting up an accounting system in the branches. 7. Audit liaison. 8. Taxation. 9. Submission of G.E.I.S returns to Department of Trade and Industry. 10. Supervision of: 10.1 Head Office Staff - 8 staff members. 10.2 Brand Administration Manager - 8 Staff members. REASON FOR LEAVING: Offered the position of Financial Director in a fellow subsidiary of the Mashold Group. ……………………………………………………………………………………………………………………. Private and Confidential  Terence Cedric Arendse Page 14 of 16 COMPANY: Brits Textile Products Division (Turnover R30 million) POSITION HELD: Financial Director PERIOD: June 1989 to 1991 REPORTING TO: Chairman of Quilting Division & Chairman of Seardel Group CHIEF RESPONSIBILITIES 1 Total responsibility for the financial control of the division. 2. Quarterly financial meetings with Chairman of Seardel Group covering: 2.1 Financial review of current quarter. 2.2 Forecast income statement for next quarter. 2.3 Review of annual budget. 3. Assisting in setting up of accounting systems, branch records and stock control on a Nixdorf Mainframe computer system. 4. Wage negotiations with Trade Union. 5. Company representative on Employees Committee. ……………………………………………………………………………………………………………………. COMPANY: Fibre and Quilting Division (Seardel Group of Companies) POSITION HELD: Financial Manager PERIOD: 1982 to 1989 DIVISIONS: Brits Textile Products: Manufacturers of Non-wovens Desiree Quilted Products Manufacturer of Home Textiles REPORTING TO: First 3 years reported to Financial Director (Group Accountant). Thereafter to Chairman of Quilting Division and Managing Director of each Division. CHIEF RESPONSIBILITIES 1. Cash and Asset Management 2. Planning and Budgetary Control; compiling (turnover approx. R30 million) using Lotus 123 and I.B.M. P.C. 3. Cash flow projections: quarterly and annually 4. Annual financial statements Private and Confidential  Terence Cedric Arendse Page 15 of 16 5. Monthly financial statements and group reports (standard costs variance analysis). 6. Taxation; Lodging of provisional tax returns and income tax returns. 7. Co-ordination of annual audit. 8. Lodging of decentralisation claims, quarterly and annually. 9. Computer system maintenance: 10. 9.1 Debtors and invoicing system on I.C.L Computer. 9.2 Finished Goods system on I.C.L Computer. 9.3 General Ledger on I.B.M P.C. using I.U.S accounting package. Import and export control. Establishing of forward cover contracts, liaising with clearing agent, applying for import permits and surcharge exemptions, rebate permits and stock records (customs inspection). 11. Supervision of Administrative Staff: Staff reporting to this position: Accountant, 2 Assistant Accountants, 2 Credit Controllers, 2 Wage Clerks, 1 Creditors' Clerk, 2 Data Captures, Clerks, Storeman (one division only) 2 Receptionists (13 persons) REASON FOR LEAVING: To obtain employment closer to residence ……………………………………………………………………………………………………………………. COMPANY: Christian, Martin and Abrahamse Chartered Accountants (since amalgamated with Ernst and Young) POSITION HELD: Audit Manager and Senior Qualified Assistant PERIOD: 1969 to 1982 ACCOUNTABLE TO: Staff partners Completed Articles of Clerkship: 1973 Chief Responsibilities: Initiation and completion of audits Taxation. Company secretarial practice. Rendering accounting and management services. Consultancy. Staff responsibility: 15 staff members Private and Confidential  Terence Cedric Arendse Page 16 of 16 REASON FOR LEAVING: Offer of partnership delayed because of loss of major Clients INTERESTS SPORT: Played cricket and soccer while at University and now a keen follower of cricket, rugby and soccer on the television. ……………………………………………………………………………………………………………………. ADDITIONAL SKILLS Logical with high level of reasoning ability. Efficient organiser and able to meet deadlines. Effective supervisor and able to motivate staff. Objective, resourceful problem-solver. Accurate with attention to detail. Technical Accounting ability-superb. ……………………………………………………………………………………………………………………. Private and Confidential  Terence Cedric Arendse