Due Diligence Procedures – South African Fluid Control Manufacturing Company
In consultation with Crowe Forensics, Kahamelo assisted new management during the acquisitions of the business unit with working capital and due diligence procedures as part of its IDC funding requirements.
Financial Managerial Services
Kahamelo temporarily assisted a Chemical Manufacturing and Distributing Company with financial management services, which included, inter alia, group consolidations, finance manager responsibilities, and project assistance.
VAT Review – JSE-listed Digital Communications Company
Kahamelo assisted with financial and forensic accounting services relating to a highly technical VAT review.
Due Diligence Investigation into Tendered Companies (SANRAL)
In consultation with Crowe Forensics (mandated by Werksmans Attorneys), Kahamelo assisted with the Due Diligence Report of tendered companies for the Capacity improvements to National Route 2, Section 23, from Edwin Swales to South of EB Cloete interchange.
Allied Workers’ Union
In consultation with Crowe Forensics, Kahamelo performed financial and forensic accounting services, which included inter alia liaising with accounting staff to assist in the process of capturing the relevant financial information, obtaining financial software licenses, preparing annual financial statements on a basis which would be the most cost-effective and least onerous on a South African Allied Workers Union, preparation of audit packs, appointment of external auditors and performing a financial audit to advise on identified areas of concern.
Curatorships on behalf of SARS
Following preservation orders issued by the High Court under Section 163 of the Tax Administration Act, a curator was appointed to take control of the assets and operations of multiple entities and individuals. In support of the appointed curator, Kahamelo provides specialised financial management, financial control, treasury accounting, asset tracing, and reporting services. These services ensure the entities’ continued trading operations while preventing the dissipation or concealment of assets.
Due Diligence Investigation into Investment Opportunity
Kahamelo conducted an operational due diligence into the financial and human resource practices of a proposed investment company following allegations of unethical financial management, improper invoicing practices, and workplace culture concerns on behalf of a Specialised Financing Agency funded by the UK’s Foreign, Commonwealth & Development Office (FCDO). The procedures included a comprehensive financial review of prior project finances, an assessment of financial management structures, and business intelligence procedures on the company, its directors, and related parties. Kahamelo also conducted a human resources review, including verification of the staff register, assessments of work culture, and interviews with former senior employees.
United Kingdom-based Divorce Matter
Kahamelo (mandated by Mackrells Solicitors and MEUM Law Limited) was appointed as the joint expert for the parties during divorce proceedings. Kahamelo quantified and verified the current value of both parties’ estates, which consist of assets based in the United Kingdom and South Africa, and assisted in calculating the accrual of the parties’ estates, in accordance with Sections 4 and 5 of the Matrimonial Property Act, 1984.
Independent Reckless Spending Analysis
Kahamelo (mandated by Couzyn Hertzog & Horak Attorneys) conducted a detailed cash flow analysis of spending habits in a divorce matter involving the verification of alleged reckless spending. Kahamelo analysed transactional behaviour, classified expenditure categories, and identified irregular or unexplained spending trends. Kahamelo prepared an expert report for use in the divorce proceedings.
International Asset Tracing in London and Greece structures
Kahamelo (mandated by Vanessa Fernihough and Associates) provided litigation assistance and estate calculation procedures in a divorce matter, which included the valuation of companies and tracing of national and international assets based in London and Greece, consisting of property, trusts, companies, and cash and cash equivalents, and verifying whether these assets had a source directly attributable to inheritance. Johan was appointed as an expert witness during the High Court proceedings.