From Audit Trainee to MD: Mazvita Maradzika Shatters Glass Ceiling in Finance

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Investment and Finance Executive and Chartered Accountant Mazvita Maradzika’s ascent to the position of chartered accountant and Managing Director at Selective Empowerment Investments (South Africa) reads like a powerful story of strength and resilience of women in the business world.

CFO Zimbabwe Magazine had a sit down with the Zimbabwean-born passionate Mazvita who shared amazing insights into her career of 19 years in developing and implementing investment and finance strategies, leading teams, and engaging stakeholders in both large and small entities across multiple industries in Southern Africa.

Her journey is one marked by both triumphs and trials, serves as a beacon of hope and inspiration for aspiring female leaders in Zimbabwe’s finance industry. Maradzika’s path to success was not a straightforward one, she began her career in a traditional manner, completing her articles at Sizwe Ntsaluba VSP Inc. (now SNG Grant Thornton South Africa). However, an early exposure to corporate finance within the audit firm ignited a passion for the strategic side of finance, setting her on a path towards leadership and innovation. 

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“My early career took the conventional accounting articles. Post articles I took on the traditional external audit path as a manager and then senior manager within the financial services division of the audit firm which at the time also housed the Corporate Finance team that included various services such as transaction advisory, M&A and related activities. My experience in Corporate Finance within the firm is what shaped my current career path in financial management focusing on strategic elements of investments and finance management two decades later,” said Mazvita.

Throughout her career, Maradzika has faced numerous challenges, but she has always remained steadfast in her determination to succeed.

“Being a woman in the working world comes with its unique set of challenges that include gender bias, imposter syndrome, unconscious bias, the proverbial glass ceiling, work life balance amongst various other factors.

“Personally, I faced my moments of self-doubt through imposter syndrome as my career shifted and I was asked to take on more senior roles and I would sometimes question if I could deliver on the tasks and different roles that I was asked to take on despite being suitably qualified,” said Mazvita.

With the support of her mentors and colleagues, she has broken down barriers and shattered stereotypes, proving that women can excel in any field, including finance.

Working through my imposter syndrome was no easy feat but was made easier because I have a great support system and network of people that act as sponsors, advisors, mentors, coaches, friends, and family.

Throughout my career, there have also been organisations such as the AWCA in South Africa that have championed the causes of African female accountants and created a support network. Within Zimbabwe, there is the ICAZ, WeCan network, some of whose members have become good friends and supporters of the cause which not only helps me, but so many other women, work through the typical challenges faced by women, particularly in the finance profession.

 Maradzika’s story is a powerful reminder that with hard work, perseverance, and a strong support system, women can achieve their dreams and become trailblazers in their industries.

My biggest cheerleaders have always been my parents, who even in tough times, always cheer me on, together with my husband who is the ultimate hype man who encourages me to take on each day with gusto. Professionally, I have been privileged to have access to great leaders with influence both male and female who have had unwavering faith in my abilities to execute which always boosts my confidence and takes away self-doubt.

Her success serves as a testament to the power of female leadership and the importance of promoting gender equality in the workplace.

Being authentic and “knowing your why” i.e., my purpose, is a leadership quality that has allowed me to grow and put my best foot forward. Being authentic and knowing my purpose helped me define what my principles and values were earlier on, such that this has guided the roles I have taken on. When you are authentic, you tend to be self-aware and know what your strengths and weaknesses are such that this helps you to surround yourself and collaborate with the right people that can help you grow in experience. Surrounding yourself with the right type of people is a tried and tested strategy that can help any leader to succeed. Being an authentic leader also means that one also tends to be open to learning from others and considers others perspective in shaping a vision for a common goal.

 

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