Roshan Morar - I wish to make a difference at all levels; to create a legacy that would stand tall and be recognised as having made a difference


Managing and Founding Partner of Morar Incorporated

ROSHAN MORAR is a well-respected financial expert committed to making a difference at all levels in South Africa's economy.

This expertise has been built over the last 21 years. In 1995 Roshan Morar opened his own accountancy firm in a small office in Church Street Pietermaritzburg. The firm now employs 186 staff around the country and aims to double that figure in the coming years. With a head office in Pietermaritzburg, and offices in Umhlanga, Bloemfontein, Polokwane, Mpumalanga, Kimberley, Rustenburg, Cape Town and Centurion, the firm is positioned to service a national network of clients.

Morar has obtained substantial experience in all aspects of the corporate environment, more especially in property investments and finance, risk management and private equity transactions. He has also been involved in an advisory capacity to various successful start-up businesses, including black economic empowerment management buyouts, among others.

Driven by the motto "no client is too small," the firm initially geared itself towards servicing black-owned businesses, many of which were small and mediumsized family-owned businesses. The first family to take its business to Morar are still clients of the firm. Today, such businesses remain an important focus of the auditing and tax services work. However, clients now cover a wide spectrum of businesses and industries, ranging from the sole- proprietor to big Johannesburgbased corporations with hundreds of employees.

In line with Morar's aim to provide value added services, the firm's staff prides themselves on building relationships with clients and this personalised approach has been a consistent hallmark of the practice. In addition, confidentiality and the quality of the service are all-important aspects of service delivery. Morar says of his career, "As an emerging Black entrepreneur, there were many doors that remained closed. I remained focused and determined to change this." He added, "Taking calculated risks, hard work and being determined to achieve success," had driven his career. "In addition, balancing time and planning is key," said Morar. It is clear that his journey is far from finished.

This success is very much evident in the many high profile board positions and board committees on which he currently serves. Morar is the chairperson of the South African National Roads Agency (SANRAL) to which he was appointed in March 2015. Morar is the deputy chairperson and independent non-executive director of the Public Investment Corporation.

Furthermore, Morar has been a non independent nonexecutive director of Adcock Ingram Holdings Limited since April 2014. He is also the deputy chairperson of Airports Company South Africa ACSA, which has become recognised as an award winning and wellfunctioning state-owned company.

The various committees that he serves on range from acquisitions, to commercial, audit and risk, human resources, to remuneration and nominations. "The Board appointments have enhanced my personal and professional growth. The experience and exposure that I have acquired as a Board member has helped build my business acumen. I hope that the contribution I am able to make serves the best interests of the shareholders as well as stakeholders, including society, labour and the environment".

The growth in his business acumen is apparent in his plans for his firm. Not only will the Durban operation eventually increase, but the ambitious Morar also plans to further reinforce the company's presence in South Africa -and has his sights set on growing the practice beyond the national borders to establish the firm as a fully-fledged African practice.

The capacity to analyse complex financial issues and to understand what kinds of risks a company is facing is essential in today's business.

Morar said South African businesses need to be prepared for risks as with the economic pressures in today's world, the potential for fraud was high. "It is also imperative for every business to undertake a risk assessment process to determine the potential impact as a result of interruptions of time sensitive or critical business processes. Our internal audit division has now acquired the relevant CURA risk management software to document risks identified and assists with managing these risks to ensure business continuity."

The forensic investigation services range from international cross-border transactions to national and local investigations, including employee corruption and fraud, as well as electronic and procurement fraud.

The innovative firm also has experts skilled in interview techniques, document review, authentication and records analysis. The latest technology in data interrogation software, monitoring and interception hardware and fund-transfer tracking software is used.

Morar Incorporated staff also consult for all three spheres of government and conduct external audits on behalf of the Auditor General of South Africa, of which the firm is an accredited service provider.

It also makes Morar Incorporated the preferred service provider for international companies wanting to start trading in South Africa.

Under the financial guidance of Roshan Morar you are in good hands. He is well on his way to making a positive impact on South Africa's growth and development. He said ,"I wish to make a difference at all levels; to create a legacy that would stand tall and be recognised as having made a difference. All we leave behind are our names and reputation."

Roshan Morar

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