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Getting to know the CFO of the Newcastle Municipality Sishosonke Nkosi

Getting to know the CFO of the Newcastle Municipality Sishosonke Nkosi
"The Newcastillian - Online News chats with the Chief Financial Officer (CFO), Sishosonke Nkosi, to further acquaint Newcastillians with the Newcastle Municipality management team in the hopes of further connectivity and progression within our community in 2021."

The Newcastillian – Online News chats with the Chief Financial Officer (CFO), Sishosonke Nkosi, to further acquaint Newcastillians with the Newcastle Municipality management team in the hopes of further connectivity and progression within our community in 2021.

Born in Vryheid, Nkosi states he always wanted to be an accountant, as it provides an ordered lifestyle while offering the potential to flourish and grow. “What I enjoy about accounting is simply that it is about accounting for every cent of a corporation. This reflects the corporation’s strong points, its weaknesses and where it needs to develop.”

However, during his studies at UNISA and the University of Pretoria, Nkosi never foresaw himself working in Government. His career in Government came to life in 2002, after finding out his wife was pregnant, thereby increasing the need for better employment. This, after working his way up as a bookkeeper, for a small business.

After applying at multiple businesses, he got a job at the EThekwini Municipality. From there, Nkosi soon started taking the necessary steps to return home and preferably work in Newcastle, as both his parents still lived in Vryheid and had issues with their health at the time.

Things, however, took a dreadful turn, “Unfortunately, my parents passed on before I got the job at this municipality.”

Demotivated and heartbroken, Nkosi emphasised that he wasn’t sure if he still wanted to move to Newcastle with his parents now gone. But as fate would have it, this all changed after coming for the interview and experiencing the joys and community of Newcastle.

Since working for the municipality, the CFO claims he has grown immensely due to the environment being different from what he was used too. At Newcastle Municipality, everything is regulated, and according to Nkosi, as a result thereof, he is always on his toes. This allows him to immerse himself into the career he loves so much.

Working in Newcastle Municipality’s finance department, alongside a dedicated team, he highlights, that in order for him to excel at his job, Newcastillians need to do their part and pay their rates. Something, he emphasises, does not happen as much as it should.

Adding that while people don’t pay rates as they should, “The hardest element of my job is worrying about people’s livelihoods.”

With the pandemic in mind, leaving Newcastillians with a piece of advise, Nkosi emphasises that among the dozens of lessons collected throughout his career, one of the most important is that of budgeting—”if you do not budget in your personal life, then you will suffer consequences.” He further states, not only will budgeting help you plan for the future but it aids in dealing with unexpected expenses and assists you in leading a less stressful life.

As Sishosonke Nkosi strives to see Newcastle Municipality and the community flourish, share your thoughts or messages with us in the comment section below. 

Interview: Lindokuhle Zwane

Authors: Lindokuhle Zwane and Calvin Swemmer

Edited: Calvin Swemmer

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One Response

  1. The man grew with the municipality, started as Manager , then Director now Executive Director for Finance (CFO) showed the sign of a good leader from those positions.

    His level of governance is equal to none and backup by the qualifications he possesses. Mr. Nkosi with a good support structure is the man to take this municipality to the next level.

    while he has achieved so much but still level headed and grounded to the need of the community whether in Newcastle or Vryheid where he was born.

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