Thomas Erumeda

Thomas Erumeda

B. Comm, ACCA (Association of Chartered Certified Accountants)


Thomas joined Simanye as a consultant in early 2014 and is a qualified Chartered Accountant and a member of the Association of Chartered Certified Accountants (ACCA) in the United Kingdom. He successfully completed his articles with Grant Thornton in Egypt, providing Assurance and Advisory services to a number of large multinational companies. Before joining Simanye, Thomas worked for Glencore Xstrata in the coal trading division, gaining an in depth understanding of the mining sector of South Africa.

Within Simanye, Thomas has been a part of a number of Broad-based black economic empowerment (B-BBEE) verification projects providing advisory services to clients and establishing strategies to better align them with the requirements of B-BBEE. The B-BBEE projects he has been involved in range from complex ownership structures and group entities to the alignment of Sector Charters.

Thomas’ areas of specialisation are project management, financial analysis, advisory and analytics, measurement and evaluation, implementing strategies, and his accounting background and expertise.

Currently Thomas is an Audit Manager for the Simanye Group. He also plays an integral part in the consulting team, bringing his accounting and finance background into the overall approach towards achieving key deliverables for our clients.

Some of Thomas’ key audit and advisory service clients include:

Humulani Investments (Invicta Holdings)
Torre Group of Companies
Diebold SA
Bearing Man Group
Global Rail Africa
CJP Chemicals
Hay Group
Real People Pty (Ltd)
Flash Mobile
Masana Petroleum

Thomas’s key responsibilities with Simanye include:

Conducting B-BBEE audits under IRBA via our audit partners, including experience in dealing with large, complex B-BBEE audits, and the consolidation of 30+ entities (he has also assisted smaller generics, QSEs and EMEs in audit as well)
B-BBEE consulting and verification preparation
B-BBEE advisory and training under the current Codes, amended Codes, sector Codes and Mining Charter
Preparing clients for verification, guiding them through the process, and managing the audit
Financial consulting and due diligences projects, particularly for potential acquisitions
Efficient structuring of clients’ BEE spend
Setting B-BBEE targets and assisting clients to achieve them
Complex, integrated ownership solutions, custom designed for larger organisations
Company valuations and strategy implementation with effective project management

Having lived and worked in different parts of Africa and the Middle East, Thomas has had exposure to the economic and social challenges of the region and is passionate about being directly involved in the betterment and economic development of our society. He has also lived in Zimbabwe, Zambia, India, United Kingdom and Egypt before moving back to South Africa in 2013.