SARS chief financial officer quits

SARS confirmed on Friday that chief financial officer Matsobane Matlwa has resigned.

Responding to queries from Fin24 after a source alleged that Matlwa was marched offsite by Commissioner Tom Moyane’s bodyguards on Thursday and that he resigned in the meantime, SARS spokesperson Sandile Memela simply said in an emailed response that it “wishes to confirm that chief officer: finance, Mr Matsobane Matlwa has resigned”.

On the question on whether Matlwa was indeed marched off the premises, Memela said “however and unless otherwise and or necessary, SARS does not divulge or discuss its employees and related matters between employee and employer in the public domain.”

The taxman said Johnston Makhubu, the current SARS group executive of procurement will be the acting CFO.

According to the SARS website Matlwa is a qualified Chartered Accountant, holds an MBA from Alabama University in the United States, a Masters of Commerce (Taxation) from the University of North West and has completed Management programmes from the University of Cape Town.

He has held various strategic roles in both the public and private sectors. Prior to starting his own business he served as CEO of the South African Institute of Chartered Accountants (SAICA), worked in SARS occupying various senior managerial positions including Group Executive for the Large Business Centre, General Manager at ABSA Finance and was an Audit Partner at Ernst & Young.

He has served on the boards of several companies including Clientele Limited, Spechpharm Holdings, JD Group and Sasol Inzalo Limited.
– Fin24

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