March 2017 Articles (94)

MENA FinTech challenge open to North Africa

North African startups are eligible for the SANAD Fincluders Startup Challenge in Amman, Jordan, on 3-4 May 2017 and its $15 000 cash prize. The challenge, which also includes Middle Eastern startups, aims to find innovative SMEs focusing on financial inclusion and follows the Arab Day dedicated to increasing access to…

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Added by CFO South Africa on March 31, 2017 at 20:00 — No Comments

KPMG and MacRobert Attorneys form tax dispute resolution alliance

The state of South Africa’s economy and more ambitious tax revenue targets, together with uncertainty on various tax principles and policy matters, has led to an increase in tax dispute matters. Against this background, KPMG and MacRobert Attorneys have joined forces to create a Tax…

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Added by CFO South Africa on March 31, 2017 at 15:00 — No Comments

CFO SA public sector chapter in rude health

In response to overwhelming demand, CFO South Africa launched its public sector chapter in 2014 to give CFOs of departments, municipalities and other governmental bodies the opportunity to share knowledge, discuss challenges, network and listen to solutions that…

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Added by CFO South Africa on March 31, 2017 at 8:00 — No Comments

5 more Excel tips for accountants

As a tried and trusted resource for financial executives that can be seen on computer screens in virtually every corporate office, becoming an Excel super-user is a great career move for any accountant. The spreadsheet is always expanding and reams of text have been devoted to excelling with Excel. The…

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Added by CFO South Africa on March 30, 2017 at 8:00 — No Comments

Enabling accountability: WATCH Auditor-General Thembekile Makwetu at #findaba16

South African Auditor General Thembekile Kimi Makwetu was one of the high-profile names at the Finance Indaba 2016. He opened the Finance for Africa programme and shared his vision on the importance of finance and how the Auditor-General of South Africa (AGSA) is enabling oversight, accountability…

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Added by CFO South Africa on March 30, 2017 at 6:00 — No Comments

Capitec grows by 1.3 million new customers

Capitec Bank has reported record growth of some 1.3 million new clients for the financial year ending February 2017, bringing their total customer base to 8.6 million. This makes Capitec the third-largest bank in the country by way of active clients, ahead of FNB and behind Absa by only a fraction. Standard Bank holds first place.

Gerrie…

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Added by CFO South Africa on March 29, 2017 at 19:00 — No Comments

Save money and create value? Property-savvy CFOs share insights and knowhow

On Tuesday evening, a small group of leading CFOs gathered for an exclusive dinner on one of the most exclusive pieces of real estate in Johannesburg: The Four Seasons Hotel, Westcliff. Given the complex relationship most large businesses have with property, it was an evening of far-ranging and sometimes unexpected…

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Added by CFO South Africa on March 29, 2017 at 15:00 — No Comments

Gloomy Sun International scraps dividend

Gaming and hospitality behemoth Sun International’s headline earnings per share fell to 223 cents per share for the six months to December 2016, from 344 cents in the comparable year and a sluggish economy, foreign exchange hits and settlement charges saw a 35% drop in…

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Added by CFO South Africa on March 29, 2017 at 8:00 — No Comments

Department of Energy's Yvonne Chetty nominated for CFO Awards

Department of Energy CFO Yvonne Chetty has been nominated for the 2017 CFO Awards, following up her nomination in 2016. The annual 'Oscars for South African CFOs', to be held on 11 May, recognise CFOs of listed companies, large corporations, state-owned entities and government…

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Added by CFO South Africa on March 29, 2017 at 6:00 — No Comments

Zunaid Bulbulia new Huge Group CFO

Zunaid Bulbulia (pictured), former MTN CEO and one of the company’s founders, has joined telecoms service company Huge Group as its new CFO, effective 27 March. David Deetlefs, who was serving as the company’s Group FD, will remain on the board as an executive director.

Huge Group said in a…

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Added by CFO South Africa on March 28, 2017 at 15:00 — No Comments

FinTech Academy set for April launch

The FinTech Academy Africa, a collaboration between FinTech Circle and the Cape Innovation and Technology Initiative (CiTi), is set to launch in SA on 24 and 25 April, in Johannesburg.

Aimed at C-suite executives, the academy offers an intensive two-day curriculum, which is…

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Added by CFO South Africa on March 28, 2017 at 8:00 — No Comments

Good CFOs know their strengths, says Damain Matroos, SacOil CFO

“We need to be careful that we don’t make the mistake when going into the rest of Africa of thinking that we have better skills and expertise than others on the continent. This superiority complex will set us up for failure. The fundamental thing is, if you try to exploit the other African jurisdictions to the benefit of South Africa, you’ll come unstuck,” says Damain…

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Added by CFO South Africa on March 28, 2017 at 6:00 — No Comments

Country Road Group and David Jones merge

Woolworths announced on Friday that is intends to combine its Australian subsidiaries Country Road Group and David Jones into one group, WHL Australasia, which will be headquartered in a single campus based in Richmond, Melbourne.…

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Added by CFO South Africa on March 27, 2017 at 19:00 — No Comments

Finance flash: the TOP-10 articles of week 12, 2017

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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Added by CFO South Africa on March 27, 2017 at 15:30 — No Comments

Capisol joins Finance Indaba 2017

Cloud solution provider Capisol Software has joined Finance Indaba 2017 as a silver partner and will make its debut at the event at the Sandton Convention Centre in October.

Do you want to know more about the latest and greatest in finance? Register to …

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Added by CFO South Africa on March 27, 2017 at 8:00 — No Comments

Reduce people cost through crowdsourcing, says Google’s Terrence Taylor

Perhaps the most underrated aspect of crowdsourcing is its potential to disrupt the current cost structure that supports talent management. Crowdsourcing makes sense when thinking about the perennial constraint that businesses face: costs. Cost containment remains a priority, and with people costs (including…

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Added by CFO South Africa on March 27, 2017 at 6:00 — No Comments

New SAA CEO to be appointed soon

The appointment of a new CEO at SAA will soon be finalised, or so said Finance Minister Pravin Gordhan in a recent letter to Baleka Mbete, the Speaker of the National Assembly, wherein he also sought permission to delay the tabling of SAA's corporate plan.

According to the letter, the CEO appointment process should be concluded by…

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Added by CFO South Africa on March 26, 2017 at 8:00 — No Comments

Sea Harvest lists 42% of company, raises R1.3 billion

The Sea Harvest Group raised a staggering R1.3 billion by listing 42% of the company on the JSE, where it floated its shares at R12.50 each, leading to a group market capitalisation of some R3.14 billion. The company has said this will allow it to realise its vision of becoming a diversified global seafood company.

Sea Harvest…

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Added by CFO South Africa on March 25, 2017 at 8:00 — No Comments

Sanlam expands in East Africa with PineBridge Investments acquisition

Financial services group Sanlam has reached an agreement with asset manager PineBridge Investments, a leading global multi-asset class asset manager, which has operations in Kenya and Uganda, to acquire PineBridge’s majority stake in PineBridge Investments East Africa Limited in Kenya…

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Added by CFO South Africa on March 24, 2017 at 15:00 — No Comments

22seven’s Christo Davel signs off

Founder of personal management website 22seven Christo Davel has resigned, citing an Old Mutual decision to change strategy. 22seven was acquired by Old Mutual in 2013.

Davel, co-founder Kenny Inggs and other staff members will be leaving 22seven in the shakeup.…

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Added by CFO South Africa on March 24, 2017 at 6:00 — No Comments

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