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Sibanye Gold CFO Charl Keyter talks risks and results

Charl Keyter was first introduced to mining as a child, when he used to visit the Gold Fields operations with his dad’s cousin. He was fascinated. “The atmosphere on the mines in those days was almost holiday-like,” he recalls. “Maybe because we only ever spent a day or a week there, every so often, but the…


Posted by CFO South Africa on September 27, 2016 at 8:00

Finance flash: the TOP-10 articles of week 38

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. …


Posted by CFO South Africa on September 26, 2016 at 15:00

Complying with the new BEE codes – EY’s Sugan Palanee on how to get started

The BEE journey must not be seen as just another a tick-box exercise, says Sugan Palanee, Head of BEE Services at EY. Rather, it should be viewed as an evolutionary journey which, while it may come with several challenges, will bring with it as many opportunities that will benefit the entire business ecosystem.

“This will…


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

Edcon loses the battle; gets taken over

Struggling South African clothes retailer Edcon has been taken over by banks and bondholders, including Standard Bank, Barclays Africa Group and FirstRand. Furthermore, creditors in Edcon have agreed to substitute R21 billion in debt for equity control of the retailer.

The retailer has been struggling with an…


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

Sasfin profits rise

Sasfin has successfully circumvented the effects of the currently tough economic environment to grow shareholder value by 29%. Operating profit improved 31% (from R232 million in 2015 to R304 million), while profit was up 23.7%, to R238.7m. In addition, total income growth was up 25.1%.

Tyrone Soondarjee (pictured), Sasfin group…


Posted by CFO South Africa on September 24, 2016 at 11:30

Ramaphosa sells McDonald’s SA franchises to Middle Eastern company

Shanduka Group, founded Cyril Ramaphosa (pictured) in 2001, has sold the local operations of McDonald’s Corp. to a Middle Eastern company, the Emirates-based MSA Holdings, for an undisclosed amount.

In March 2011, Ramaphosa secured a 20-year agreement to run 145 McDonald’s restaurants in South Africa.…


Posted by CFO South Africa on September 23, 2016 at 11:30

Five top trends in finance and technology from KPMG’s Frank Rizzo

What are the five hottest tech trends that finance teams should be aware of? Frank Rizzo is revealing all during a thought-provoking presentation at the Finance Indaba Africa (13 October 13.30 - 14.15  in Ballroom 4 of the Sandton…


Posted by CFO South Africa on September 23, 2016 at 8:00

Finance Indaba 2016: Harness Lorge's business system expertise

"Over the past 30 years, the consistency of our expertise in business systems has earned us an award-winning reputation," says Jurgens Snyman, CEO of the Lorge, a silver partner at the Finance Indaba Africa…


Posted by CFO South Africa on September 23, 2016 at 6:00

S&P downgrades Nigeria further into junk status

S&P Global Ratings has downgraded Nigeria, Africa’s most populous nation, further into junk territory, taking the country’s rating one level to B, five levels below investment grade (in line with Kyrgyzstan and Angola), and changing the outlook from negative to stable.

S&P said in a…


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

Re-imagining the future at CFO dinner with Old Mutual Corporate

Balance sheet agility in a time where the speed of change is exponential and uncertain seems something of an oxymoron. At this gathering of exceptional CFOs, with hosts Old Mutual Corporate, the discussion was broad and robust.

  • Old Mutual Corporate is diamond partner at…

Posted by CFO South Africa on September 22, 2016 at 9:30

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

RSVP for the 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


Introducing Premium Membership opportunities

Join CFO South Africa as a Platinum Member(pdf). CFO South Africa invites its members to bimonthly round tables, master classes and networking opportunities. Members attend groundbreaking speeches and high-level presentations by today’s business leaders. Members benefit from unparalleled peer-to-peer consulting. Members are portrayed on, a comprehensive listing of South Africa’s finance elite. Members are invited to attend the CFO Awards ceremony, the annual landmark event showcasing insights and best practices and celebrating excellence. Join CFO South Africa as a Platinum Member(pdf) today!



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