General Manager: Corporate Finance at Transnet

Position Purpose

• Develop and raise (Find) innovative funding solutions and optimal deal structures for investment opportunities that will deliver additional capacity to relieve the debt burden and strengthen the Transnet balance sheet.
• Provide input, oversight and guidance to the broader organisation on Private Sector Participation (PSP) projects with regards to the financial viability of such projects and monitor and report on performance of PSP’s and subsidiarised OD’s to Transnet Governance Structures.
• Provide oversight on development and review of tariffs for both regulated and non-regulated operating divisions of Transnet and sign off on submission to approving committees.
• Provide financial oversight on all high value tenders as defined from time to time ensuring that the proposed terms are properly modelled and implications properly communicated to decision makers.
• Provide other advisory and technical support to the organization at large – this includes custodian of WACC Policy, review of revaluation of infrastructure assets, lead balance sheet optimization project, and financial impact of subsidiarization of ODs.
• Provide input and guidance to the broader organization around financial viability of investment opportunities for Transnet’s value preservation and growth.

Position Outputs

• The review and related approval processes for Transnet Group and Operating Divisions Weighted Average Cost of Capital.
• Annual determination of shareholder value add matrices.
• Annual Corporate Overheads allocation to Operating Divisions.
• Annual re-gearing of Operating Divisions balance sheets.
• Annual update of Transnet investments evaluation guidelines.
• Input into Financial evaluation of investment projects and input into the capital projects submissions to Transnet approval bodies.
• Evaluation of funding options in the acquisition of plant and equipment, particularly lease vs buy decisions.
• Valuations of business and operations for acquisition, disposal, impairment testing for IFRS reporting and for Regulatory reporting for Transnet regulated entities.
• Custodian of the Transnet wide financial model that is being developed in response to the NT guarantee conditions.
• Custodian of pricing models to determine or review tariffs for the regulated and non-regulated OD’s.
• Custodian of monitoring & reporting of performance for PSP’s and subsidiarised OD’s including recommendations for capital calls and changes to originally approved business cases.
• Co-lead negotiator of commercial terms for PSP’s ensuring that Transnet interest are properly represented (currently supporting but OD’s can disregard input from GCF).
• Provide reports on pricing and commercial acceptability of high value tenders from a procurement process (this requires permanent attendance to DBAC (TCC) and CBAC.
• Provide reports highlighting risks and recommendations on the financial impact of OD’s that are being corporatized.
• Co-lead the balance sheet optimisation process with Group Treasury jointly reporting to the FIC subcommittee.
• Review of financial models for capital investments.
• Investments risk management, monitoring and reporting.
• Assessment, financial oversight, review and sign off on financial models, pricing proposals for High Value Tenders and Valuations.

Qualifications and Experience

• Registered CA (SA) qualification is required Minimum 15 years’ deal making / corporate finance experience in a similar role, of which 8 years must be at senior management level Requirement of Trust and Honesty in the handling of Finances as per the National Credit Act Amendment 19.