April 2016 Articles (57)

MTN ex-CEO Sifiso Dabengwa received R23.7 million payout

According to MTN's recently published annual report, Sifiso Dabengwa (pictured), MTN Group former CEO, was paid some R23.7 million for loss of office after he resigned following the $5.2 billion fine levied on the telecoms company by Nigerian…

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Added by CFO South Africa on April 30, 2016 at 11:30 — No Comments

Pick n Pay to expand into Nigeria

Through a partnership with a local conglomerate, South African supermarket chain Pick n Pay, which recently reported a 26% increase in annual earnings, intends to expand into Nigeria during the course of next year.



Richard Brasher, Pick n Pay CEO, said at a…

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Added by CFO South Africa on April 29, 2016 at 11:30 — No Comments

SAP Business One provides for integrity of data and stricter financial controls

Advertorial

Gammatec relies on SAP Business One, from 4most, for control over its financials together with ease of management of the subsidiary businesses

A legacy system no longer able to cope with the demands of daily operations, saw Gammatec urgently needing to…

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Added by CFO South Africa on April 29, 2016 at 8:00 — No Comments

Newsletter: MTN Group sees stunted growth | KPMG named All-Star Company | Reputation is Everything

CFO South Africa Newsletter | Thursday 28 April…


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Added by CFO South Africa on April 28, 2016 at 11:30 — No Comments

Vodacom ordered to compensate inventor of the 'Please Call Me'

The Constitutional Court has ordered Vodacom to discuss compensation for Nkosana Makate (pictured), the alleged inventor of the 'Please Call Me'. Makate opines that the Please Call Me service, which has been in existence since 2000, has generated as much as R70…

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Added by CFO South Africa on April 28, 2016 at 9:00 — No Comments

KPMG named All-Star Company on IAOP’s 2016 World’s Best Outsourcing Advisors List

KPMG International has received all-star ratings for its shared services and outsourcing advisory capabilities on the International Association of Outsourcing Professional’s (IAOP) 2016 World’s Best Outsourcing Advisors list.



Trevor Hoole…

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Added by CFO South Africa on April 27, 2016 at 11:30 — No Comments

Finance Indaba 2016: CharterQuest CFO Case Study Competition draws the crowds

“Employers are seeking financial education that produces cutting edge and real world integrated technical, business and leadership acumen,” says Valentine Nti from CharterQuest, a silver partner at the Finance Indaba Africa…

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Added by CFO South Africa on April 27, 2016 at 8:00 — No Comments

MTN Group sees stunted growth

MTN Group's subscriber numbers fell during the first quarter of this year, the company's customer base decreasing by some 1.4% (to around 229 million) across 22 countries. This as disconnections ordered by the government in Nigeria – MTN's biggest market – curbed the growth of Africa’s largest…

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Added by CFO South Africa on April 26, 2016 at 11:30 — No Comments

Reputation is everything, says Black Rhino CFO Paul Inbona

"As an executive, your greatest asset is your reputation. I think that a lot of people in finance in particular would do very well to focus on that issue and ensure that they are able to make the tough decision when it comes to being asked to do things that are not in their view of the world, or…

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Added by CFO South Africa on April 26, 2016 at 8:00 — No Comments

Zim-born actuary Marjorie Ngwenya to head UK actuaries body iFoA

Marjorie Ngwenya (pictured), currently Chief Risk Officer for Old Mutual’s African business unit, has been appointment president-elect of the UK’s Institute and Faculty of Actuaries (iFoA).

Ngwenya said of her appointment:

"It’s a real honour to be…

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Added by CFO South Africa on April 25, 2016 at 11:30 — No Comments

It’s time to disrupt the funding landscape in SA, says Outsourced CFO's Louw Barnardt

Massive outflows of foreign capital from our borders. Slow economic growth and tough global trading conditions. Difficult regulations and red tape. Upscaling private companies in SA is a massive task. But if we’re serious about growing our base of job-creating private companies, something…

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Added by CFO South Africa on April 25, 2016 at 8:00 — No Comments

New Thomson Reuters website for Africa launched

Thomson Reuters, a world leader in providing industry insight and intelligence for businesses and professionals, has launched a brand new website for Africa.

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Added by CFO South Africa on April 24, 2016 at 11:30 — No Comments

Eskom borrows R2.5 billion from Brics bank

The New Development Bank (NDB), recently established by the five Brics countries (Brazil, Russia, India, China and South Africa), is set to loan Eskom some $180 million – at current exchange rates about R2.57 billion.…

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Added by CFO South Africa on April 23, 2016 at 11:30 — No Comments

Second private sector job for Nhlanhla Nene at Thebe Investment

Following his recent appointment as non-executive director of Allan Gray, former finance minister Nhlanhla Nene (pictured) has now also been appointed a resident advisor to Thebe Investment Corporation.…

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Added by CFO South Africa on April 22, 2016 at 11:30 — No Comments

Exclusive chat to SNG's Victor Sekese about Oakbay audit: "No political interference"

Audit firm SizweNtsalubaGobo (SNG) has not been approached by anyone from the Gupta family or from the cabinet of president Jacob Zuma, says Victor Sekese, CEO of the firm that was announced this week as the new auditor of Oakbay Resources and Energy Limited, owned by the…

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Added by CFO South Africa on April 22, 2016 at 10:00 — No Comments

Five tech trends CFOs cannot ignore – a chat with KPMG’s Frank Rizzo

“I have always had a passion for technology,” says Frank Rizzo, who is in charge of the technology sector and of data & analytics at KPMG across Africa. Frank is a popular speaker at CFO South Africa events, combining ultra-current insights with an easy presentation style.…

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Added by CFO South Africa on April 22, 2016 at 8:00 — No Comments

Eqstra Holdings Ltd appoints David Austin as new CFO

David Austin (pictured) has been appointed to the Eqstra board of directors as chief financial officer, effective 1 May 2016. Austin will be taking over from current CFO and CEO Jannie Serfontein, who will focus solely on his role as CEO going forward.

  • For his…
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Added by CFO South Africa on April 21, 2016 at 11:30 — No Comments

Newsletter:Nhlanhla Nene appointed director at Allan Grey | The CFO is Key to Business Agility | Join the CFO Awards 12 May

CFO South Africa Newsletter | Thursday 22 April…


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Added by CFO South Africa on April 21, 2016 at 8:30 — No Comments

SA Reserve Bank to raise rates twice more this year

According to a recent Reuters poll, South Africa’s Reserve Bank (SARB) will raise interest rates twice more during 2016, despite the state of the country's economy, as inflation remains stubbornly above the Bank’s comfort level.



These results were…

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Added by CFO South Africa on April 20, 2016 at 11:30 — No Comments

Finance Indaba 2016: Future-focused HR is Clarkhouse Human Capital's game

Traditional employment is currently being turned on its head as businesses today no longer have an appetite for large fixed costs,” says Roy Clark from Clarkhouse Human Capital, a gold partner at the Finance Indaba Africa…

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Added by CFO South Africa on April 20, 2016 at 8:00 — No Comments

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