(5 YEAR FIXED-TERM CONTRACT WITH THREE MONTHS’ PROBATION, PATERSON GRADE F1 SALARY TOTAL COST OF EMPLOYMENT PER ANNUM NEGOTIABLE)

The Gauteng Growth and Development Agency (GGDA) is the implementation arm of the Department of Economic Development created in terms of the Blue IQ Investment Holdings (Pty) Ltd Amended Act (2012) merging Blue IQ Investment Holdings and the Gauteng Economic Development Agency (GEDA.)

The GGDA is a group of companies made up of a Holding company and four subsidiaries i.e.

  • Automotive Supply Park t/a Automotive Industry Development Centre (AIDC)
  • The Innovation Hub Management Company (TIHMC)
  • Constitution Hill (ConHill)
  • Gauteng Industrial Development Zone (GIDZ)

The mandate thereof, is to lead, facilitate and manage sustainable job creation and inclusive economic growth and development in the Gauteng City Region through:

  • Enabling economic development that is focused on creating sustainable jobs by facilitating delivery of key national and provincial programmes of
  • Strategically positioning the province into a globally competitive city
  • Facilitating partnerships and creating linkages across the province to maximise service delivery
  • Supporting the development of Key Sectors of the economy in line with the economic development and industrial strategies of the province by carrying out:
  • Business enablement
  • Establishment of capital projects
  • Land development
  • Trade and investment promotion

The successful incumbent will be reporting to the Group Chief Executive Officer and will be expected to execute the following tasks:

To provide support to the GCEO with regards to financial management, through implementing an effective, financial planning and financial accounting services strategy, to ensure the optimal utilization and acquisition of financial resources, in support of the GGDA’s functional, capital, operational and corporate goals.  Sits on the Holding Board and Sub-Committees and Subsidiary Boards.

Overseeing the smooth running of the GGDA Group Finances, as amongst others outlined below:

Strategy Development 

  • Provide advisory support to the Group CEO and Board on efficient financial compliant and control environment.
  • Develop and implement the GGDA Group Finance Strategy and Procurement Plan aligned to the strategic objectives of the GGDA Group.
  • Monitor and report regularly to the Board, Board Sub-Committees, Exco and MANCOM on the overall progress and results against operating and financial objectives and initiate courses of action for improvement.
  • Keep the Board fully informed of all significant operational, financial, and other matters relevant to the GGDA Group, including legal, regulatory, and governmental policy developments.
  • Identify the principal risks of the GGDA Group’s business and implement appropriate systems to manage these risks.
  • Align finance strategy to province and national strategy/priorities 

Operations Management

  • Responsible for implementation of a GGDA Group financial management and accounting system.
  • Responsible for reporting requirements to the Department of Economic Development, Provincial and National Treasury.
  • Ensure financial compliance by the Group of PFMA and other applicable legislation.
  • Coordinate group financial planning and budgeting within the Group.
  • Facilitate resource availability through effective procurement processes for required goods and services in the Demand and Procurement Plan.
  • Prepare consolidated annual financial statements in line with GRAP, GAAP, Companies Act and any other applicable legislation/regulations.
  • Lead the funding options for the catalytical and high impact projects.
  • Provide input in the evaluation of all new Group projects.

Financial Leadership

  • Develop annual capital commitment and expenditure budgets to successfully execute the plans.
  • Monitor and manage annual budget and report major financial commitments, exposures, and risks to the Group CEO and Board on regular and timely basis, on a reporting cycle of monthly, quarterly and annually.
  • Managing the overall budgets, monitoring the expenditures and costs against benefits that are realised as the programme progresses. 

Stakeholder Relationship Management

  • Identify strategic stakeholders to foster effective communication and ensure appropriate relationships are maintained.
  • Establish/build and maintain strategic partnerships and relationships with key role players/partners and participate in stakeholder forums, meetings, or discussions such as Planning Meetings, Budget Meetings, and Legislature etc.
  • Cultivate, maintain, protect, and promote the GGDA’s corporate image and the brand.

Compliance Leadership

  • Establish effective control and coordination mechanisms for all operations and activities and take reasonable steps to ensure the integrity of the internal control and management information systems within the Department.
  • Ensure that all operations and activities of the GGDA are conducted in accordance with the PPPFMA, relevant regulations, and the other policies and practices approved by the Board.
  • Comply with the various internal or external organisational reporting requirements.

Good Corporate Governance

  • Ensure compliance to Corporate Governance Framework such as Companies Act and King III.
  • Ensure adherence to the GGDA’s Code of Business Conduct and Ethics, sound business practices.
  • Foster a high-performance corporate culture within Department that promotes ethical practices and encourages individual integrity, accountability, and social responsibility.

Organizational Effectiveness

  • Create a leadership presence and provide strategic direction in the Finance Department to ensure that achieves the planned targets and goals.
  • Maintain and make recommendations to the Group CEO on the review of the Finance Departmental organizational structure to meet the set delivery objectives.
  • Document, develop, review and update standardized finance and supply chain management processes and standards to retain institutional memory and to achieve efficiencies.
  • Lead, manage and empower staff in the Department to ensure that staff meets the performance objectives within the resource constraints.

 

As minimum applicants should have the following requirements:

  • Post graduate qualification in Accounting and Finance.
  • Must be a Chartered Accountant (CA).
  • 7 - 10 years’ experience in a senior management level/role as a CFO or Senior Manager/Director Finance. Record and credentials in financial, people, operational and strategic management.
  • Detailed knowledge of socio-economic aspects relating to the Gauteng Province.
  • Detailed knowledge of developments in the global economy.
  • Detailed knowledge of national and provincial government priorities and frameworks.
  • Detailed knowledge of political and business protocol.
  • Good understanding of economic development.
  • Good working knowledge in planning, development and implementation of value add of catalyst/high impact projects.
  • Good understanding of the relationships between the GGDA and its shareholder and strategic external.

Applications must be accompanied by a curriculum vitae, certified copies of qualifications and certified copies of identity documentation.

  • Preference will be given to people with different abilities, women and previously disadvantaged individuals to promote Employment Equity within the group.
  • Only shortlisted candidates will be contacted. If you have not heard from us within three months after the closing date, please regard your application as having been unsuccessful.
  • The closing date for applications is 24 December 2024 at close of business.
  • Submissions should be addressed to recruitment@ggda.co.za

“The Protection of Personal Information Act (POPIA) came into effect on 1 July 2021. The GGDA respects your privacy and is committed to keeping your personal information secure and confidential. The Group will ensure that in Processing an Applicant’s or Employee’s Personal Information, it will adhere to its obligations in terms of POPIA. By virtue of you applying for this position, you give The Group the consent to keep and or process your information as pe POPIA”

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