Top Bay official joins Kouga as CFO

2016-02-04 06:00
Selwyn Thys took over the financial reins of the Kouga Local Municipality on December 1, 2015.                Photo: MONIQUE BASSON

Selwyn Thys took over the financial reins of the Kouga Local Municipality on December 1, 2015. Photo: MONIQUE BASSON

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ONE of the Nelson Mandela Bay Municipality’s most experienced bean counters recently took over the financial reins of the Kouga Local Municipality.

Drawing from more than 30 years of working experience, of which more than 18 years were at a senior financial management level, Selwyn Thys (52) is looking forward to contributing towards the financial stability of the Kouga Municipality for the next seven years.

He officially took over the reins as Kouga’s Chief Financial Officer (CFO) on December 1, 2015 - the same day as his 25th wedding anniversary.

After obtaining his BCom (Accounting) degree in 1985, Thys soon climb the corporate ladder to become an accountant, senior accountant and chief accountant. In 1997 he managed the Audit Service Department at the Nelson Mandela Bay Municipality before he was appointed as the Deputy City Treasurer in the Treasury Department in 1998.

In 2003 he was appointed Director of Budget and Financial Accounting and acted as Acting Chief Financial Officer from 2007 to 2015 before returning to his home town, Jeffreys Bay.

According to Thys, he is taking over as CFO at a good time. “The Kouga Municipality is currently in a stable position. Although they face some challenges, they can only go forward from here, given the combined experience, expertise and leadership within the municipality,” says Thys.

His key objectives as CFO are to further strengthen the financial position of the municipality and to achieve a clean audit, as well as to builD strong leadership within the political and administration sectors of the municipality.

According to Thys, working as Acting Chief Financial Officer in Port Elizabeth he had the opportunity to interact and establish good relationships with National Treasury - relationships which can be exploited to benefit the local municipality.

. The Municipal Budget and Reporting Regulations stipulate that the adjustment budget of a municipality must be tabled to Council by no later than February 28. At the Kouga Municipality it has been tradition to table the adjustment budget at the end of January. However, it was decided to break away from this tradition to give the new CFO more time to interrogate the budget.

The 2015/ 2016 adjustment budget is sche-duled to be tabled to Council on February 23.

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