Guest writer Nic Robertson shines his light on the three core concepts that will define 2012’s innovative level: leadership, culture and collaboration.
My belief is that this year will be the year of the innovator. Innovative strategy will be the torch-bearer for business success. I hold the view that 2012 must be a year where rigidity of regulation is replaced by flexibility and capabilities to adapt to fluctuating local and global economies. In a dynamic world,…Continue
Added by CFO South Africa on March 27, 2012 at 10:00 — No Comments
“Plan your work and work your plan.” That is one of the things Sean Capazorio needs to do every day to feel fulfilled in his work. In 2009 Sean was appointed Group CFO of Aspen, the leading pharmaceuticals manufacturer in the Southern hemisphere as well as Africa’s largest pharmaceutical manufacturer. The company was listed on the JSE Ltd in 1998 and is included in its Top 40 Index. The Aspen Group has almost 6500 employees, of which nearly 3000 are based in South Africa. The…Continue
Added by CFO South Africa on March 26, 2012 at 8:30 — No Comments
“The role model in my life? My personal assistant Annatjie: she is always positive and encourages me when I’m down.” Meet Rudolph Henry Torlage, the Chief Financial Officer of South Africa’s leading steel producer ArcelorMittal. Why don’t all CFOs value their PA’s as much as Rudolph, we wonder.
Rudolph’s impressive list of titles read as follows: BAcc (Stellenbosch) BCom Hons (Accounting) (UNISA) CTA (UNISA) CA (SA) MDP. Prior to his appointment as CFO of ArcelorMittal in…Continue
Added by CFO South Africa on March 22, 2012 at 18:00 — No Comments
“In the past companies never forecasted on corporate governance – now with the financial crisis people realize that forecasting is key.” A lot has changed for the modern CFO, according to Tryphosa Ramano, CFO of PPC; leading supplier of cement in southern Africa. Tryphosa qualified as a Chartered Accountant (SA) in 1994 and since then has gained experience working in a number of organisations including: Price Waterhouse Coopers, JCI, RMB Asset Managers, National Treasury, SAA and…Continue
Added by CFO South Africa on March 20, 2012 at 10:30 — No Comments
A very, very interesting read on www.forbes.com written recently by Forbes contributor Erika Andersen was brought to our attention. Please read it and let us know what you think!
Why Top Talent Leaves: Top 10 Reasons Boiled Down to 1
Eric Jackson, a fellow Forbes blogger I follow and find both funny and astute, wrote a really spot-on post last month…Continue
Added by CFO South Africa on March 19, 2012 at 11:30 — No Comments
“My biggest achievement so far is a 7bn BEE transaction in the Coal industry, which took 3 years to complete.” His most valued achievement on behalf of Illovo Sugar Ltd. will follow soon, most likely. As of Sept. 2011, Mohammed Abdool-Samad was appointed Financial Director at Illovo, replacing Karin Zarnack, who was appointed CFO at Unilever South Africa.
Mohammed has held senior positions within the Anglo American group since 2001. He holds a BCom degree and…Continue
Added by CFO South Africa on March 17, 2012 at 8:30 — No Comments
PetroSA is South Africa's national oil company. It owns, operates and manages South Africa's petroleum industry commercial assets. The company was formed in January 2002 from the merger of three previous entities, Mossgas (Pty) Limited, Soekor (Pty) Limited, and parts of the Strategic Fuel Fund Association.
Currently PetroSA employs about 1800 people, last year had a turnover of R10,6 billion and boasts cash reserves of R11,9 billion. The company has its…Continue
Added by CFO South Africa on March 12, 2012 at 13:00 — No Comments
“An orderly outcome to the European problems is likely to see the slow and unbalanced economic recovery continue, while a disorderly outcome could easily result in the world slipping back into recession. This uncertainty complicates any company’s business planning and Sasol is no exception.” Says Christine Ramon, CFO of Sasol Limited, one of South Africa's largest companies involved in mining, energy, chemicals and synfuels.
Christine joined Sasol as Chief Financial Officer…Continue
Added by CFO South Africa on March 8, 2012 at 10:00 — No Comments
“To be unemotional when dealing with the variables that one encounters. Accept risks and the changing environment and have a conservative matrix within which decisions are taken.” That is what a good CFO should be able to do, and don’t, according to Wim de Klerk (49), Finance Director of Exxaro Resources Ltd.
Prior to becoming CFO of Exxaro, Wim joined the Iscor Limited Executive team in 1996 as group general manager for strategy and…Continue
Added by CFO South Africa on March 7, 2012 at 8:00 — No Comments
Many current captains of industry almost invariably launched their business careers by qualifying as Chartered Accountants CA(SA). Open up any company annual report and many often than not the CEO and much of the board will have SAICA’s coveted CA (SA) designation behind their names. The classic route to the top of the corporate ladder is to qualify; gain hands-on experience with auditing firms or accountancy practices, and then enter the executive management ranks of JSE listed companies.…Continue
Added by CFO South Africa on March 5, 2012 at 11:30 — No Comments
“Did South African companies miss the boat by not exploring the rest of Africa sooner?” wonders Gerhard Malan, CFO of Rectron, one of South Africa’s leading ICT distributors. “I believe South Africa is its own worst enemy when it comes to growth and expansion. It seems like this is the decade for emerging markets but South Africa is missing out.”
Gerhard graduated in 2003 from the University of the North West (Potchefstroom) and finished his 3 year articles at Griesel Nel Inc…Continue
Added by CFO South Africa on March 2, 2012 at 16:30 — No Comments