Auditing and Financial
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Our Company
Get a glimpse of what our company is about:
- The firm is 15 years old – started in 2006
- Level 1 BBB-EE – 95% Black ownership
- +-250 employees nationally
- 13 Partners & Associate Directors
- 60% of our workforce is women
- SAICA and IRBA Accredited
- 50+ clients across our service lines
- Corporate social responsibility
- Our skills base comprises of CA(SA)s, CFE’s, CRMA’s, CISA’s, PCIA’s, CIA’s, PIA’s, CISM, and CRISC.
Rakoma & Associates Inc. is a leading company in the field of financial consulting and advisory services. With a strong reputation built over years of dedication and expertise, we strive to provide our clients with the highest level of professional assistance to help them achieve their financial goals.
At Rakoma & Associates Inc., we understand that navigating the intricacies of the financial world can be a daunting task. That is why our team of experienced professionals is committed to delivering personalized solutions tailored to each client's unique needs and aspirations. Whether you are an individual seeking to secure your financial future or a business looking to optimize your financial strategies, we have the knowledge and resources to guide you every step of the way.
Our company prides itself on our unwavering commitment to integrity, transparency, and excellence in all aspects of our work. We believe in building long-term relationships with our clients based on trust and mutual success. By staying abreast of the latest industry trends and regulations, we ensure that our clients receive the most up-to-date and innovative financial advice.
With a diverse clientele spanning various industries and sectors, Rakoma & Associates Inc. has developed a deep understanding of the unique challenges and opportunities that each client faces. Our comprehensive suite of services includes financial planning, investment management, risk assessment, tax planning, and more. We combine our expertise with advanced technology and analytical tools to deliver efficient and effective solutions that drive tangible results.
When you choose Rakoma & Associates Inc. as your financial partner, you can expect a dedicated team that is committed to your success. We are passionate about helping our clients achieve their financial objectives and take pride in being a trusted advisor every step of the way.
Thank you for considering Rakoma & Associates Inc. We look forward to the opportunity to serve you and contribute to your financial growth and prosperity.
Our Values
Knowledge
We have a duty and responsibility to acquire the technical knowledge essential to provide quality services to our clients.
Excellence
We pride ourselves in producing the highest quality of services by focusing on the need to develop and empower our people and entrenching the values of the company.
Ubuntu
All our business with our stakeholders is conducted in the spirit of Ubuntu.
Rakoma & Associates Inc. has been in operation since 2006 and is a reputable service provider with a proven track record in the delivery of quality service to our ever-growing clientele. Rakoma & Associates is a modern medium-sized professional service firm established by young black professionals with vast experience in private and public practice.
Our skills base comprises of CA(SA)s, CFE’s, CRMA’s, CISA’s, PCIA’s, CIA’s, PIA’s, CISM, and CRISC. The growth of our organisation has also created opportunities in human resources, marketing and information technology and office administration. With increased growth, we aim to recruit and grow our staff complement even further in the next three years.
Our Strategic Goals
Our strategic goal is to be amongst the leading professional services providers in the country in our chosen fields, by:
- Enhancing our corporate culture
- Maximizing our efficiency
- Delivering unparalleled customer satisfaction
- Growing our service lines
- Building capital reserves to ensure continuity
- Creating and sustaining an entity epitomized by the well-being of all our people.
The Rakoma Timeline
2006
The start of something great
Rakoma opened its doors with 3 partners and 10 personnel
2008
Growing quickly
Our numbers increased to 4 partners and 35 personnel. We opened offices in Limpopo and Eastern Cape
2009
Hello North West
We took on 5 more partners, increasing to 11 and 60 personnel. We opened offices in North West
2010
Expanding our service
We kept growing to 14 partners and 140 personnel.
Internal auditing was also added to our service offerings
2011
Expanding our services even further
We expanded our reach to the Northern Cape. With additional services areas offered risk management and governance services, investigation services and IT Audit
2013
We're booming!
Massive expansion with 230 personnel
2016
A new company image
Our head office moved into the state of the art Monte Circle in Fourways. We also refreshed our iconic logo to bring it in line with modern trends
2019
Hello KwaZulu-Natal
New office opened in KwaZulu-Natal
2020
Hello Mpumalanga
We expanded our reach to Mpumalanga
2022
We've never been stronger
Our head office moved into our own building - Willow Wood Office in Broadacres.
Now with 13 partners & associate directors and 250 personnel
Our Leadership Team
Our Team consists of highly qualified individuals specialising in each of their respective services.
Our leading team consists of:
- Edgar Rakoma CA (SA)
- Caroline Chiweshe CA (SA)
- Pulane Dipico CA (SA)
- Princess Jaji CA (SA)
- Onias Badze CA (SA)
- Edzisani Adolf Phalanndwa FIIASA, PCIA, CIA, CISA, CRMA, PIA
- Coldens Mamakwa FIIASA, CIA, CFE
Coldens Mamakwa CA (SA)
Associate Director
Mr. Mamakwa is an Associate Director within our internal audit division.
He is a Fellow Member of the Institute of Internal Auditors of South Africa (FIIASA), Certified Internal Auditor (CIA) and a Certified Fraud Examiner (CFE). He has over 10 years’ experience servicing our clients in the fields of:
• Regulatory audits.
• Risk and compliance audits.
• Performance audits.
• Risk management.
• Fraud risk assessments.
• Financial management and pro
curements.
Edzisani Adolf Phalanndwa FIIASA, PCIA, CIA, CISA, CRMA, PIA
Partner
Adolf is a Principal Certified Internal Auditor (PCIA), Certified Internal Auditor (CIA), Certified Information System Auditor (CISA), Certified in Risk Management Assurance (CRMA) and a Professional Internal Auditor (PIA) with an Honours General Internal Audit and a Bachelor of commerce in accounting and over 12 years’ experience in internal Audits, information systems audits, advisory, governance, risk management and compliance in both public and the private sectors. He completed his articles with the firm, and he is proudly the first Certified Internal Auditor the firm has produced. He has successfully led various Internal audits, IT audits & advisory engagements in the public and private sector. He is a fellow member of the Institute of Internal Auditors (FIIASA), member of IRMSA and ISACA
Caroline Chiweshe CA (SA)
Partner
Caroline is a Chartered Accountant with over 18 years’ experience, with expertise and knowledge encompassing both private and public sector. Caroline has successfully led several engagements in the private sector and on behalf of the Auditor General of South Africa.
She is a member of the South African Institute of Chartered Accountants (SAICA) and the Independent Regularity Board of Auditors (IRBA)
Onias Badze CA (SA)
Partner
Onias is a Chartered Accountant with over 10 years experience. Most of his experience was acquired from the public sector, and he has been seconded to our clients as Chief Audit Executive and as consultant. Onias believes that teamwork can achieve great things. He believes in training and mentoring.
Currently he is a partner in GRC and has led a number of internal audits. He also supports Rakoma regional offices and is a member of the SAICA and IRBA.
EDGAR RAKOMA CA (SA)
Executive Chairman
Edgar is a Chartered Accountant with over fifteen years in public practice.
He is the founding partner of our firm and through his leadership, the firm now operates nationally and has grown its clientele base.
Edgar is in charge of business development, quality assurance and client liaison. He is passionate about the upliftment of innovative black enterprise.
He is also a member of SAICA and IRBA.
Princess Jaji CA (SA)
Partner
Princess is a Chartered Accountant and senior partner in charge of the consulting. She has over 9 years post qualification experience in the both public and the private sector. She has played a pivotal role in operation clean audits across the provinces.
She is proficient in identifying weaknesses in systems of internal controls and in designing subsequent proposals to rectify them.
Pulane Dipico CA (SA)
Partner
Pulane is a Chartered Accountant with over 8 years’ experience in public practice. She has successfully completed audit engagements on behalf of the Auditor General of South Africa.
She has a sound understanding of various regulatory frameworks applicable to government departments, entities, and municipalities, PFMA, MFMA, Treasury Regulations, Municipal Systems Act and King IV to name a few. She is a member of the South African Institute of Chartered Accountants (SAICA).
Follow the link to view detailed CV's of our team
Follow the link to view detailed CV's of our team
Premium Services At Your Fingertips
Assurance together with AGSA Services
A highly specialized department that focuses on external audits including Statutory, Financial management, IT, performance audits, advisory and agreed upon procedures to public and private sector entities.
Governance, Risk and Compliance
Governance, risk, and compliance remains a backbone for organisational success. The lack of sound governance, risk and compliance management remains the root cause of most corporate failures in both Private and public sectors.
Consulting and Advisory Services
The Rakoma Consulting and Advisory Division is the solution driven, problem-solving arm of the firm and helps clients improve their financial position, overturn adverse audit outcomes, and enhance internal processes to prevent fraud and investigate fraudulent activities.
Technology Risk Services
Technology Risk Services (TRS) is a service line within Rakoma and Associates that provides IT assurance, advisory and consulting services in various industries within both private and public sectors.
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