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Anglo American exits Exxaro 9.7% stake

British miner Anglo American has said it intends to sell its 9.7% stake in South African diversified miner Exxaro Resources, valued at R3.39 billion. The company says it plans to use the proceeds to reduce debt.

According to Reuters, Main Street 333 Proprietary, Exxaro’s controlling BEE shareholder, will…

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Posted by CFO South Africa on December 3, 2016 at 8:00

Christiaan Engelbrecht joins Ster-Kinekor as CFO

Christiaan Engelbrecht (pictured), who has worked previously for Vodacom, Deloitte UK and Deloitte, took on the role of CFO for Ster-Kinekor from 1 November. We caught up with him to find out how things are going. "If you ask how I feel about my appointment it is difficult to put into words how humbled I am to be considered for this role and how excited I am to…

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Posted by CFO South Africa on December 2, 2016 at 11:30

Bridging the agricultural funding gap: WATCH FarmDrive's Mary Joseph at #afta16 #findaba16

Agriculture remains the lifeblood of the African economy, but there are serious issues regarding financial institutions' assessments of farmers funding requirements. At the African FinTech Awards at the Finance Indaba Africa 2016 in…

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Posted by CFO South Africa on December 2, 2016 at 6:00

Rowland Wallenius joins Eastplats as CFO & Corporate Secretary

Rowland Wallenius (pictured) has joined the senior management team of Vancouver-based, JSE-listed Eastern Platinum Limited (Eastplats) as chief financial officer and corporate secretary. Wallenius takes over from interim CFO, David Li.

CEO Diana Hu…

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Posted by CFO South Africa on December 1, 2016 at 11:30

SA Taxi to pump R300m into Zebra cab owner-driver scheme

SA Taxi has secured R300 million in funding from Futuregrowth Asset Management, which will be used to finance the company's Zebra Cabs owner-driver scheme. The country's largest financier of minibus taxis acquired Zebra Cabs in…

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Posted by CFO South Africa on November 30, 2016 at 8:00

Clover's Elton Bosch nominated for CFO Awards 2017

Financial director Elton Bosch's work at Clover has been recognised with a nomination for a CFO Award. The annual 'Oscars for South African CFOs', to be held on 11 May, recognises CFOs of listed companies, large corporations, state-owned entities and government…

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Posted by CFO South Africa on November 30, 2016 at 6:00

Ryan McDougall resigns as Trustco FD

“Trustco is one of the most dynamic and progressive organisations I’ve ever come across and it has been a pleasure to work here,” says Ryan McDougall (pictured), outgoing financial director of Trustco. McDougall, a nominee of the CFO Awards 2016, recently announced that he will be leaving the Namibia-based Trustco at the end of December this year, and…

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Posted by CFO South Africa on November 29, 2016 at 11:30

Finance teams are a sounding board for decision-makers, says Philip Timberlake, CFO of Liberty Health

When he’s not hard at work heading up the finance team at Liberty Health, CFO Philip Timberlake can be found running along his favourite trails on Table Mountain, developing his “mental fortitude”. The key to being a successful CFO lies in communication, he says: “Within our economy of knowledge, ideas are currency. Of course, to understand,…

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Posted by CFO South Africa on November 29, 2016 at 6:00

$200 million ploughed into Nigerian FinTech

According to global financial services giant KPMG, more than $200 million has flowed into the Nigerian FinTech space over the past two years. It called on the Nigerian government to take the initiative to further increase investment by proving incentives and a welcoming regulatory ecosystem…

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Posted by CFO South Africa on November 29, 2016 at 6:00

Finance flash: the TOP-10 articles of week 47

Do you want to keep up to date with the latest developments in finance, but you are short of time? Don’t worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

1. …

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Posted by CFO South Africa on November 28, 2016 at 15:00

Join the 4th CFO Awards & Conference - 11 May 2017

RSVP for the  CFOawards.co.za 11 May 2017.

You are more than welcome to join us for our 4th edition of the CFO Awards where CFOs of listed companies and large corporations are awarded for outstanding performance and leadership. Meet top CFOs, demonstrate thought leadership, extend your network and develop business on 11 May 2017 at the breath-taking Summer Place. Join us, buy a table or become a partner. Email Alex van Groningen. Attendance is free for members. Visit CFOawards.co.za

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