Mining & Business: Good morning Sir, can you briefly introduce yourself?
Jean Jacques MUKULA: I am Jean-Jacques MUKULA MEJI. I am a PwC partner in the DRC, and I lead our operations in the former province of Katanga. At PwC level, I am also responsible for all audit activities in the DRC. In addition, I’ve been recently elected president of the National Order of Chartered Accountants for the region of Upper Katanga.
MB: PwC, how long?
JJM: I have been at PwC for 27 years. I worked for PwC in North Africa and North America. Since 2011, I am permanently settled in the DRC. After working in the Kinshasa office, I have the pleasure of developing our activities in the former Katanga province for 3 years now. The Lubumbashi teams are specialised in the mining sector and I am pleased to welcome you to our brand new offices in Lubumbashi.
MB: What types of services can you provide to the mining sector?
JJM: We have, of course, a good knowledge of the mining industry. PwC has been present in the DRC for nearly 45 years. We work across three departments: Assurance, which manages audit and risk issues. The ‘Tax and Legal’ for all questions of taxation, legal interpretation, structuring and tax planning of our clients. The third department is the advisory. The latter consists in implementing performance management tools. We can also assist clients to develop their transactions, acquire companies and even seek financing through innovative
financing. We also have the ability to intervene on other aspects. of this by trying to be imaginative of this by trying to be imaginative and innovative in everything we can
MB: Can you name a few clients?
JJM: I can quote you some audit clients for which our mandates are public. In the mining sector, we are auditors of the ERG Group, the Ivanhoe Group and Alphamin. We also work for public companies such as Gécamines.
MB: We are preparing Mining Indaba in Cape Town. So many investors are asking questions about the DRC; what advice could you give companies that want to set up there?
JJM: Firstly, tell anyone interested that the DRC is not a jungle! Our job is to explain and apply the regulations in force in the DRC while providing you with added value. In the DRC, all Big Four are present. PwC, of course, but also KPMG, EY and DELOITTE. This means that you will meet people who can help you in your various concerns.
Moreover, we can see that the world is currently changing. The mega trends, the shift in demography on economic power. There is also rapid urbanisation happening, climate change and considerable technological progress. These trends are for everyone and we adapt to all offer as a solution to our customers. Moreover, our purpose is: ‘to build trust in society and solve important problems’.
We always tend to think that PwC is a professional of figures, but we also address other problems: digitalisation, security, information or services based on drone technology.
Moreover, thanks to our collaboration, we treated in your columns:
‘The companies’ accounting obligations in the DRC and ‘the new accounting system Ohada’ which, based on our experience, are unknown subjects of foreign companies located in the DRC, and more particularly of the mining subcontractors. Nevertheless, there is an accounting regulation and ignoring and/or not applying it can be disastrous in the DRC where the tax pressure is very high.
We also presented ‘the new mining regulations through the Mining Code and the Mining Regulations’ as well as ‘the Subcontracting law’ which are two hot topics and for which there remains a lot of questions at the level of economic operators.
We finally had the opportunity to present the issues that a newcomer faces in the DRC during the creation of its structure.