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Kenyan economy grew 5.8 percent last year

According to the Kenya National Bureau of Statistics, Kenya’s economy grew 5.8 percent during 2016, slightly short of forecasts (government officials estimated the economy to have expanded by 5.9 percent), but a little above the 5.7 percent growth it saw during 2015. Moreover, the current account…

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Posted by CFO South Africa on April 23, 2017 at 8:00

SA to get biometric bank cards

Mastercard is working with South African partners to bring biometric cards to local consumers, reportedly by the end of this year. South Africa is the first market in the world to test the technology, with two trials already having been conducted with Absa and Pick n Pay.

Ajay Bhalla (pictured),…

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Posted by CFO South Africa on April 22, 2017 at 8:00

African Bank gets ratings upgrade

S&P Global has revised the credit rating of restructured African Bank upwards. The ratings agency revised the bank’s outlook from negative to stable, also affirming its B+/B global scale rating. Its national scale rating was raised to zaBB from zaBB-.

According to African Bank, S&P noted that it had balanced the bank’s strong capital levels…

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Posted by CFO South Africa on April 21, 2017 at 15:00

Nasdaq launches global FinTech investment programme

Nasdaq, one of the world's leading providers of technology and services to the capital markets, has announced the launch of a venture investment programme, Nasdaq Ventures, dedicated to discovering, investing in and partnering with unique FinTech companies…

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Posted by CFO South Africa on April 21, 2017 at 8:00

SA cloud market worth $2,3 billion by 2020

Cheaper data and more accessible connectivity will drive the growth of the cloud infrastructure and professional services market in South Africa – which has the potential to become a $2,3 billion market over the next three…

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Posted by CFO South Africa on April 21, 2017 at 6:00

FinTech Academy Africa kicks off 24 & 25 April

The internationally successful FinTech Academy kicks off in South Africa at The FinTech Academy Africa on 24 and 25 April 2017 at the Duke Corporate Education Leadership campus, Bryanston, Gauteng.

  • Join the African FinTech Awards 2017 …
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Posted by CFO South Africa on April 20, 2017 at 15:00

SA ranks on AT Kearney FDI Index

South Africa, recent ratings downgrades notwithstanding and economic and political volatility aside, has made it onto the 2017 AT Kearney Foreign Direct Investment (FDI) Confidence Index, entitled ‘Glass Half Full’, after a two-year absence.

The report said:

“South Africa makes a comeback in the Index, likely as a result of improving short-term…

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Posted by CFO South Africa on April 20, 2017 at 15:00

Weak economy hurts Pick n Pay

Pick n Pay posted an 18 percent rise in full-year profit, as the supermarket chain targeted labour costs amid political tensions and significant pressures exerted on the South African consumer. Headline earnings per share was 264.35 cents in the year to end-February compared with 224.04…

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Posted by CFO South Africa on April 20, 2017 at 8:00

Sustainability is key: WATCH SAICA CEO Terence Nombembe at #findaba16

CEO of the South African Institute of Chartered Accountants (SAICA) Terence Nombembe is one of the captains of industry shaping the accounting profession and has been a champion of the Finance Indaba since day one. Calling the Indaba a "unifying event that will help us build the nation" in his…

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Posted by CFO South Africa on April 20, 2017 at 6:00

Raj Jandu new Neotel CFO

Raj Jandu (pictured) has been appointed Neotel CFO – a role that has stood empty since late 2015. Jandu joins Neotel from Liquid Telecom, where he has been CFO for the East Africa region since 2013. Liquid Telecom group officially acquired Neotel earlier this year, at a cost of R6.55…

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Posted by CFO South Africa on April 19, 2017 at 19:00

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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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 CFO.co.za, 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!

 
 
 



RSVP for the 2 day blockbuster course "Work smarter not harder"

Register as an exhibitor for Finance Indaba 2017 on 12 and 13 October. Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. 

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Become a partner today. Contact avangroningen@cfo.co.za

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