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Kumba Iron Ore CEO Norman Mbazima resigns

Norman Mbazima (pictured), CEO of Kumba Iron Ore, which is 70% owned by Anglo American, has announced his resignation. Mbazima will be stepping down at the end of August in order to focus on the restructuring of the company, as well as Anglo American’s coal business.



Anglo American said of the…

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Posted by CFO South Africa on July 26, 2016 at 11:30

Essential learning as CFO Colin Brown shares how treasury saved Super Group

Through some incredible tech-enabled financial discipline, CFO Colin Brown helped saving Super Group from the abyss, setting the South African flagship firm on course again for massive expansion. Since then successes have been commonplace, with Colin (pictured…

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Posted by CFO South Africa on July 26, 2016 at 10:00

CFO Reggie Boqo is making a difference in Johannesburg

People who pay their rates to the City of Johannesburg might feel a tad rebellious when litter overflows during a PikitUp strike or they burst a tyre on one of the many potholes. Why pay rates and taxes when service delivery is so poor that you take your rubbish to the tip yourself and hire security guards because the police don’t keep you safe? Those…

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Posted by CFO South Africa on July 26, 2016 at 8:00

ArcelorMittal SA anticipates 75% interim headline loss per share

In its recent trading update, released on Friday 22 July, steel company ArcelorMittal SA said that when it releases its results on 29 July for the six months to end-June, it anticipates reporting that its interim headline loss per share widened by as much as 75%, its headline loss per share having deteriorated…

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Posted by CFO South Africa on July 25, 2016 at 11:30

Lightning-fast reflexes: the agile team

While many other teams in a business have some flexibility as far as deliverables, reporting and project timelines go, this is a luxury not often enjoyed by the finance team. But as the pace of doing business is so much faster today, is it not time the finance function became more agile too? We spoke to experienced CFOs and other industry experts to get their insight.



By Toni…

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Posted by CFO South Africa on July 25, 2016 at 8:00

Fastjet to raise £19-million-plus through share issue

African budget airline fastjet has said it will raise as much as £19.2 million through a share issue, issuing the shares at 50 pence each. This according to Reuters.

  • Nico Bezuidenhout was recently named the new CEO…
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Posted by CFO South Africa on July 24, 2016 at 11:30

Discovery launches wellness programme in Japan

Discovery Ltd has announced that it will soon launch its behaviour tracking programme, an initiative that rewards health and life insurance clients for healthy lifestyle choices as well as aids in fitness tracking, in Japan.

  • Corporate wellness was the topic of a recent CFO event. See what CFOs and experts had to…
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Posted by CFO South Africa on July 23, 2016 at 11:30

Repo rate remains unchanged but downgrade still a possibility

The South African Reserve Bank (Sarb) made a decision yesterday to keep the repo rate at 7% and to revise the country’s growth forecast down to 0%. The Sarb has not, however, ruled out the potential for further interest rate tightening later in the…

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Posted by CFO South Africa on July 22, 2016 at 11:30

What CFOs can do to ensure a successful M&A transaction

“The first week after we were acquired, I went to sit with management and tried to get an understanding of why they had bought us and what they had promised their shareholders. I then took that, came back home and developed a strategy to give them what they wanted to see,” said Cobus Grove, CEO…

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Posted by CFO South Africa on July 22, 2016 at 8:00

Barclays Africa to spend R1.4 billion on skills development

Barclays Africa CE Maria Ramos (pictured) recently announced that the bank will be partnering with clients, governments, NGOs and economic development agencies on a multimillion-rand shared growth initiative aimed at boosting education and skills development.…

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Posted by CFO South Africa on July 21, 2016 at 11:30

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 Shay van Huyssteen. Attendance is free for members. Visit CFOawards.co.za

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