LedgerPro — Ownership Structure & Management Team

LedgerPro is owned by a diverse team of professionals with complementary skills in accounting, business development, and operations management. The shareholding structure supports B-BBEE objectives while ensuring that the firm is led by experienced and qualified individuals.

Section 3 · Business Plan

Ownership Structure & Management Team

3.1 Shareholding Structure

Shareholder	Ownership %	Designation	Background and Qualifications
Thabo Mokoena	40%	Managing Director	CA(SA), former audit manager at a Big 4 firm with 12 years of experience in audit, tax, and advisory services. SAICA member.
Lauren van der Westhuizen	30%	Finance Director	BCom (Hons) Accounting, 10 years as financial controller for mid-tier manufacturing and services companies. Expertise in SME advisory.
Ravi Patel	20%	Business Development Director	MBA (Wits Business School), 8 years in business development, digital transformation, and accounting technology solutions.
Naledi Dlamini	10%	Operations Director	BCom (UNISA), 7 years in client relations, practice management, and operational optimisation in professional services firms.

3.2 Management Team Responsibilities

Thabo Mokoena – Managing Director: Overall strategic
leadership, quality assurance, key client relationship management, and
technical accounting oversight. Responsible for ensuring SAICA and IRBA
compliance and maintaining professional standards across the firm.

Lauren van der Westhuizen – Finance Director: Financial management of the firm, internal controls, budgeting and
forecasting, and leading the management accounting and financial
advisory service lines. Oversees preparation of client financial
statements and management packs.

Ravi Patel – Business Development Director: Revenue
growth strategy, client acquisition and retention, partnership
development, digital marketing oversight, and technology platform
management. Leads the firm’s digital transformation initiatives.

Naledi Dlamini – Operations Director: Day-to-day
operations management, workflow optimisation, human resources, office
administration, and client onboarding. Manages service delivery
timelines and quality metrics.

3.3 Advisory Board

LedgerPro will establish an advisory board comprising two independent professionals with expertise in financial services regulation and SME development. The advisory board will meet quarterly to provide strategic guidance, governance oversight, and market intelligence. Advisory board members will be remunerated through a modest retainer and will not hold equity in the company.

3.4 Corporate Governance Framework

LedgerPro is committed to maintaining robust corporate governance practices that align with the principles set out in the King IV Report on Corporate Governance for South Africa. While the King IV Code is written on an apply-and-explain basis and targets primarily listed entities, LedgerPro voluntarily adopts key governance principles to build investor confidence and ensure long-term sustainability.

The Board of Directors will meet at least quarterly to review financial performance, strategic direction, risk management, and compliance matters. Board meetings will follow a structured agenda, and minutes will be formally recorded and distributed. Key governance practices include:

Separation of the Managing Director and Finance Director functions to ensure appropriate checks and balances on financial decision-making
Annual approval of the company budget and strategic plan by the full board
Monthly management accounts presented to all directors within 15 business days of month-end
Independent external audit of annual financial statements from Year 2 onwards
Formal conflict-of-interest declarations by all directors at each board meeting
Adoption of a formal ethics policy and whistleblower procedure
Annual review of the company’s risk register and insurance programme
Compliance with the Companies Act requirements regarding the maintenance of accounting records, filing of annual returns, and disclosure obligations

3.5 B-BBEE Strategy

Broad-Based Black Economic Empowerment (B-BBEE) is a critical consideration for any South African business seeking to participate in the formal economy, particularly when servicing corporate clients with procurement requirements. LedgerPro’s B-BBEE strategy is embedded in the company’s ownership structure and operational policies.

The company’s 50% black ownership (Thabo Mokoena at 40% and Naledi Dlamini at 10%) positions LedgerPro favourably on the ownership element of the B-BBEE scorecard. Management control is similarly strong, with black individuals occupying 50% of executive director positions. The firm’s B-BBEE strategy extends to:

Skills development: A commitment to investing at least 3% of total payroll in staff training and development programmes, with a focus on black employees
Enterprise and supplier development: Preferential procurement from B-BBEE compliant suppliers and mentorship support for emerging black-owned businesses
Socio-economic development: Annual pro bono accounting services for qualifying non-profit organisations and community-based enterprises

LedgerPro targets a Level 2 B-BBEE contributor status within its first 18 months of operation, which will be a significant competitive advantage when tendering for corporate and government-related work.

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