https://www.engineeringnews.co.za
Africa|Business|Environment|Financial|Freight|Power|PROJECT|Projects|rail|Rolling Stock|Service|Services|System|Training|Solutions
Africa|Business|Environment|Financial|Freight|Power|PROJECT|Projects|rail|Rolling Stock|Service|Services|System|Training|Solutions
africa|business|environment|financial|freight|power|project|projects|rail|rolling-stock|service|services|system|training|solutions

Zinhle Simamane

Zinhle Simamane, CFO: International Business at Traxtion

Zinhle Simamane, CFO: International Business at Traxtion

14th June 2024

By: Creamer Media Reporter

     

Font size: - +

Full Name: Zinhle Simamane

Position and Company Name: CFO: International Business at Traxtion

Main Activity of the Company: Provision of freight and rail services across the African continent

Date and Place of Birth: February 9, 1989, Durban, KwaZulu-Natal

Schools and Tertiary Education: I matriculated from Roedean School and attended the University of the Witwatersrand

First Job: Articled clerk at PwC

Size of First Pay Packet: Less than R10 000 a month

Career Path to Date: I completed my articles at PwC in the Banking and Capital Markets division. As part of my training, I was seconded to Kenya to join the engagement team at a banking institution in Nairobi towards the end of my final year. After qualifying as a chartered accountant in January 2014, PwC requested that I stay on to provide support for the audit of a client whose engagement I had been part of since my first-year articles. I was a ‘pseudo’ manager before eventually leaving PwC for Barclays. To gain exposure to finance beyond the audit environment, I participated in the Young Chartered Accountants Programme (YCAP), a structured two-year rotation-based programme that gave me exposure to four different disciplines across the Barclays Africa Finance department, including a six-month rotation in one of the group’s Rest of Africa businesses. Upon completing the YCAP, and after my six-month rotation at the Barclays Ghana Finance office in Accra, I decided to permanently join the Projects: Rest of Africa SWAT team, where I was able to add value by introducing viable finance-related solutions and provide support to the various teams I was deployed to, improving processes and procedures aligned with the Barclays policies. I was also involved in the roll-out of an IT- and finance-related project to provide a new financial accounting and reporting system in Zambia and Seychelles. From Barclays I joined Makalani, an investment management firm, as fund financial manager. Thereafter, I joined Traxtion as a commercial and financial analyst, and was promoted to CFO of the International Business division in early 2020

Value of Assets under Your Control: Traxtion is a private company, so I cannot disclose its market capitalisation. However, it has the largest privately owned rolling stock fleet in Africa

Number of People under Your Leadership: The company’s staff complement is about 310, with 109 being cross-border staff through foreign entities and multiple service providers

Management Style: Because I prefer to be left alone after being taught something to embed the information and test my own knowledge, I tend to initially manage others in that way. However, my preferred management style can be adapted, depending on the needs of the person I am managing

Personal Best Achievement: Being recognised as a leader in the Mail & Guardian Top 200 in 2022 for accomplishments within my field

Person Who Has Had the Biggest Influence on Your Life: My mother, Nomahlubi Simamane, who has managed to persevere through tough situations, juggling the different facets of womanhood with a career, raising four children and excelling in her own right

Person Who Has Had the Biggest Influence on Your Career: My mother

Person You Would Most Like to Meet: Beyonce – because she’s Beyonce

Businessperson Who Has Impressed You Most: Again, Mama dearest – her career has been impressive, and even now she sits on the boards of several companies, both JSE-listed and otherwise

Philosophy of Life: To find enjoyment in all aspects of life, with the view that happiness is a choice. It doesn’t look the same to everybody so know what enjoyment and happiness mean to you and keep on doing things that bring you enjoyment and happiness

Biggest Ever Opportunity: There is experience to be gained from all opportunities, so I can’t say what the “biggest” has been

Biggest Ever Disappointment: Failing CFA Level 3 exams the first time around

Hope for the Future: That Africa comes to understand the power it wields and that it uplifts its people so that it becomes a leading continent in the world

Favourite Reading: I am a horror and fantasy fan. So, from each genre, almost anything by Steven King and, despite all the recent controversy around the author, the Harry Potter series

Favourite TV Programme: Everything from medical dramas (Grey’s Anatomy) to cop shows (The Rookie), horrors (American Horror Story) and drama (Law & Order: Special Victims Unit)

Favourite Food/Drink: Italian food, along with Italian sparkling wine (Prosecco)

Favourite Music: Old school R&B and the likes of Adele and Sam Smith

Favourite Sport: Netball

Hobbies: Travelling, reading, and staying fit through a variety of exercises

Car: A bright red Audi A3 that turned ten this month

Miscellaneous Dislikes: Someone chewing, even if that someone is me

Edited by Martin Zhuwakinyu
Creamer Media Senior Deputy Editor

Comments

Showroom

SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)
SAIMC (Society for Automation, Instrumentation, Mechatronics and Control)

Education: Consulting with member companies to obtain the optimal benefits from their B-BBEE spending, skills resources as well as B-BBEE points

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/07/2024)
12th July 2024 By: Martin Creamer
Magazine image
Magazine round up | 12 July 2024
12th July 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.354 0.438s - 193pq - 2rq
Subscribe Now