Nyasha Madavo introduced an enterprise-wide risk management framework within Black Umbrellas which implementation has led to better organisational performance and targeted actions towards addressing key operational and strategic risk exposures, thus enabling us to continue to perform well operationally and drive a clear organisational strategy. She is currently leading the development of an anti-money-laundering and fraud risk compliance plan in order to comply with the FCSA.
Some of her career highlights include driving budget efficiencies and achieving average annual savings of R19 million. This has been much needed against the backdrop of a challenging economic environment with many funders facing similar pressure and requiring Black Umbrellas to be more efficient with its resources.
She has also successfully and profitably disposed of an investment transaction with assets of over R205 million which enables Black Umbrellas to start seeking investment opportunities that are more aligned with their strategic direction and plans.
She has also been involved in driving a 10-year sustainability strategy and established a profit-making subsidiary to increase the organisational value chain. Within this entity, over and above tracking and monitoring financial performance against targets, she is leading a project that will facilitate transactions between funders and business owners which is to be launched in late 2019 and following a one and half year process to obtain an FSP licence (obtained in February 2019) from the FSCA. She is also leading the establishment of an SME loan fund in response to a much-needed solution for SME clients.