Shirley Machaba is a South African chartered accountant. She is the first black woman to be appointed Chief Executive Officer for PwC Southern Africa, an accounting firm in South Africa. [1] [2] [3] [4] [5]
Machaba was born in Jabavu in Soweto, where she lived with her grandmother and siblings. [6]
She had her primary education and secondary education at Jabavu Primary School and Vhulaudzi Secondary School in Tshitavha in Venda respectively. She later furthered at the University of Venda, where she graduated with a bachelor of commerce degree in accounting. [6] She holds a postgraduate diploma in auditing & accounting from the University of South Africa. She holds two additional diplomas in Integrated Reporting from the University of Pretoria and Corporate Governance from Duke University. [7]
After acquiring her degree, she worked part time as a junior internal auditor at the Auditor-General’s office and a lecturer at the University of Venda. In May 2019, she was appointed Chief Executive Officer for PwC Southern Africa, making her the first black African woman to occupy such position. [7] [4] [8] [9] [10]
Prior to that, spent nearly a decade working at the Auditor-General's office occupying a variety of positions, including Assistant Auditor, Senior Auditor, Accountant and Performance Audit Manager. She also worked at the Department of Justice in South Africa for nearly half a decade. There, she became the Head of the Internal Auditing unit by the time she left the department in 2004. In 2005 she joined PwC. [7] [6]
Machaba was president of the Institute of Internal Auditors of South Africa for 2011 - 2014, [11] and subsequently the Chairman of the Institute Relations Committee of the Institute of Internal Auditors. [12]
Some of the awards she has won and been nominated for include: [1] [3] [4] [5] [8]
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.
An audit is an "independent examination of financial information of any entity, whether profit oriented or not, irrespective of its size or legal form when such an examination is conducted with a view to express an opinion thereon.” Auditing also attempts to ensure that the books of accounts are properly maintained by the concern as required by law. Auditors consider the propositions before them, obtain evidence, and evaluate the propositions in their auditing report.
Local government in South Africa consists of municipalities of various types. The largest metropolitan areas are governed by metropolitan municipalities, while the rest of the country is divided into counties called district municipalities, each of which consists of several boroughs called local municipalities. Since the boundary reform at the time of the municipal election of 3 August 2016 there are eight metropolitan municipalities, 44 district municipalities and 205 local municipalities.
The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The institute provides a wide range of support services to more than 48 000 members and associates who are chartered accountants (CAs(SA)), as well as associate general accountants (AGAs(SA)) and accounting technicians (ATs(SA)).
The Institute of Chartered Accountants of India (ICAI) is India's largest professional accounting body under the administrative control of Ministry of Corporate Affairs, Government of India. It was established on 1 July 1949 as a statutory body under the Chartered Accountants Act, 1949 enacted by the Parliament for promotion, development and regulation of the profession of Chartered Accountancy in India.
The Institute of Internal Auditors (IIA) is an international professional association. It provides educational conferences and develops standards, guidance, and certifications for the internal audit profession.
Ngconde Mathemba Bryce Balfour is a South African politician and has served as Minister of Correctional Services and Minister of Sport.
Grant Thornton is the world's seventh-largest by revenue and sixth-largest by number of employees professional services network of independent accounting and consulting member firms which provide assurance, tax and advisory services to privately held businesses, public interest entities, and public sector entities. Grant Thornton International Ltd. is a not-for-profit, non-practising, international umbrella membership entity organised as a private company limited by guarantee. Grant Thornton International Ltd. is incorporated in London, England, and has no share capital.
The Auditor-General of South Africa (AGSA) is an office established by the 1996 Constitution of South Africa and is one of the Chapter nine institutions intended to support democracy, although its history dates back at least 100 years.
The International Organization of Supreme Audit Institutions (INTOSAI) is an intergovernmental organization whose members are supreme audit institutions. Nearly every supreme audit institution in the world is a member of INTOSAI. Depending on the type of system used in their home country, the members of INTOSAI may be variously titled the Chief Financial Controller, the Office of the Comptroller General, the Office of the Auditor General, the Court of Accounts, or the Board of Audit.
The Satyam Computer Services scandal was India's largest corporate fraud until 2010. The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large sums from the company. Much of this was invested in property. The swindle was discovered in late 2008 when the Hyderabad property market collapsed, leaving a trail back to Satyam. The scandal was brought to light in 2009 when chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.
Lynette Diana Provost is a New Zealand chartered accountant, who served as Controller and Auditor-General of New Zealand from 2009 until 2017.
Patricia OjangoleBCom, MBA, MPhil, PhD, FACCA, is a Ugandan accountant and bank executive. She is the chief executive officer of Uganda Development Bank, Uganda's only national development finance institution.
Nancy Asiko Onyango, commonly known as Nancy Onyango, is a Kenyan accountant, businesswoman and corporate executive, who is the Director of the Office of Internal Audit and Inspection at the International Monetary Fund. She was appointed on 4 December 2017, with the appointment to take effect on 1 February 2018. Before her appointment, she served as the CEO of Reliance Risk Advisory Solutions, a Nairobi-based consultancy firm.
VBS Mutual Bank was a South African mutual bank. In 2018 it was declared insolvent and bankrupt and placed under curatorship, with South African citizens and taxpayers defrauded out of roughly R2 billion.
Anton Wilhelm Bredell is a South African politician for the Democratic Alliance. He is the current Western Cape Provincial Minister of Local Government, Environmental Affairs and Development Planning and a Member of the Western Cape Provincial Parliament.
Vuyokazi Mahlati was a South African social entrepreneur, gender activist and global director of the International Women's Forum. She was the founder of Africa’s first indigenous wool processing plant in Butterworth, in the Eastern Cape. She was the president of the African Farmers Association of South Africa, as well as the chairperson of the Advisory Panel on Land Reform and Agriculture. She was serving her second term as a member of South Africa’s National Planning Commission.
Priscillah Mabelane is a South African chartered accountant. She is known to be the first woman in the history of South Africa’s oil industry to head a multi-national company. In August 2017, she was appointed the Chief Executive Officer(CEO) of BP Southern Africa (BPSA), making her the first female to hold such a position. She is currently the Executive Vice President: Energy Business of Sasol, since 1 September 2020.
Shudufhadzo Musida is a South African model and beauty pageant titleholder who was crowned Miss South Africa 2020. She is the second title holder from the province of Limpopo - the first being Bokang Montjane. She is the first title holder whose first language is Venda, and was selected to represent South Africa in Miss World 2022. Musida is the first bald woman to win Miss South Africa. She is a dedicated advocate and spokeswoman for mental health awareness and empowering women and children.
Anne Muraya is a Kenyan accountant, businesswoman, and corporate executive who was appointed as the chief executive officer of Deloitte East Africa, effective 1 June 2022. Up until then, she served as the Africa Managing Partner for Responsible Business and Public Policy at Deloitte. She concurrently worked as the audit leader for East Africa. In her new position, Muraya oversees the company's business in eight countries, namely: Burundi, Ethiopia, Kenya, Rwanda, Somalia, South Sudan, Tanzania and Uganda. She is the first female executive to serve in that position, in the history of the firm.