April 2017 Articles (79)

Travel and tourism will contribute R412.2 billion to GDP

A report by the World Travel and Tourism Council (WTTC) says that the total contribution of travel and tourism to the country’s GDP is expected to grow by 2.5 percent, to R412.2 billion (9.4 percent of GDP) in 2017, compared to R402 billion in 2016 (9.3 percent of…

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

Finance Indaba – a CFO’s best talent strategy

Finance Indaba Africa is the only annual event on the continent where thousands of registered accountants and other finance professionals gather under roof for two days to advance their knowledge, networks and careers. Which CFO would say no to a finance team that is rejuvenated, full of new ideas and better connected than ever before – for…

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

Distell acquires 75% interest in Cruz Vodka

Distell Group has entered into a partnership with Blue Sky Brand Company (BSBC) by agreeing to acquire a 75-percent shareholding in the company that will own the rights to the Cruz Vodka brand – supposedly the fastest-growing luxury imported vodka in South Africa. BSBC will hold the remaining…

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

CFO SA announces members-only event and tour with Walter Leonhardt

Membership of CFO SA offers many advantages, including access to the insights of leading finance executives across the industry spectrum. Coca-Cola Beverages South Africa FD Walter Leonhardt (pictured, left, with SizweNtsalubaGobodo CEO Victor Sekese) is one such…

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

World Bank launches African digital entrepreneurship programme

The World Bank has launched an accelerator for African digital entrepreneurs. The five-month long XL Africa – which includes a two-week residency in Cape Town and the Venture Showcase pitching event – is backed Finland, Norway, and Sweden, XL Africa. Participants will be…

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

Robert Lumb takes over as Interwaste FD

Effective 1 May, Robert Lumb (pictured) will be the new financial director of Interwaste. Lumb takes over from Andre Broodryk, who was nominated for the CFO Awards in 2015. Broodryk left in January this year to pursue personal interests.

Lumb has enjoyed a long career with Barloworld…

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Added by CFO South Africa on April 27, 2017 at 15:00 — No Comments

5 tips for cloud accounting

There has never been a better time to take your accounting processes in to the cloud, according to ICAEW head of enterprises Clive Lewis. Here are some top tips accounting professionals should consider before adopting a cloud-based strategy to ensure they get the most out of the cloud.

Data…

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Added by CFO South Africa on April 27, 2017 at 8:09 — No Comments

The heart of business: WATCH futurist Graeme Codrington at #findaba16

Graeme Codrington is an acclaimed international speaker, consultant, and best-selling author who has built a career out of preparing companies for change. He is an expert on the future of work and the disruptive forces that are shaping it. As an author and researcher, his insights and analysis are sought after…

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

Sibanye’s R28.7 billion Stillwater takeover approved

Sibanye Gold’s shareholders have approved the company’s R28.7 billion ($2.2 billion) buyout of US-based Stillwater Mining. Some 82 percent of Sibanye shareholders voted in favour of the deal.

Pictured: Sibanye Gold CFO Charl Keyter…

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Added by CFO South Africa on April 26, 2017 at 19:00 — No Comments

Banking must adapt to be future-fit, says futurist Keith Coats

In order to meet the demands embedded in the future, banking will need to adapt. It will need to change the way things are done and bring the delivery closer to the rhetoric. In short, banks will need to rethink their traditional business models completely. Futurist Keith Coats, director at…

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Added by CFO South Africa on April 26, 2017 at 15:00 — No Comments

CHRO SA meets Busi Mtsweni, HR exec at ICASA

Busi Mtsweni, HR executive at the Independent Communications Authority of South Africa (ICASA), says she consciously chose to have a career in people management unlike many people in the profession.

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Added by CFO South Africa on April 26, 2017 at 8:30 — No Comments

Upbeat Clicks plans aggressive expansion

Despite the depressed economy and constrained consumer spending, retailer Clicks is planning to open 200 new stores over the next five to 10 years and has set aside R577 million for infrastructure investment in its 2017 financial year, the group said in its interim results presentation on Friday.

“We…

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

Michael Page sponsors High Performance Team CFO Award

Global recruitment giant Michael Page has come aboard as a sponsor of the High Performance Team Awards at CFO Awards 2017. Founded in 1976 in London, the prestigious firm has a presence in key markets around the world and its extensive database of 1,8 million qualified…

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Added by CFO South Africa on April 26, 2017 at 6:00 — No Comments

First African FinTech accelerator launched in Cape Town

Startupbootcamp has launched its new Cape Town-based FinTech accelerator. This global industry-focused accelerator group has 18 programmes across 13 countries and has seen value in now setting up a footprint in Africa.

Startups from around the world can apply now to be part of the…

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Added by CFO South Africa on April 25, 2017 at 20:00 — No Comments

JSE CFO Aarti Takoordeen a Young Global Leader

Aarti Takoordeen, CFO of the JSE, has been selected as a Young Global Leader (YGL), class of 2017; an honour bestowed by the World Economic Forum (WEF) each year in recognition of the world’s most distinguished leaders under the age of 40.…

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Added by CFO South Africa on April 25, 2017 at 15:00 — No Comments

Effective CFOs know their business, says Standard Bank's Sean Berrington

"In the early days of the Group IT transformation it became clear that, unless the finance team transformed as well, we would become irrelevant. As a result, we needed to radically relook at how we run our staff engagement and processes," says Sean Berrington, CFO for Group IT at Standard Bank. Sean has been the finance boss of a “billion-dollar IT…

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Added by CFO South Africa on April 25, 2017 at 6:00 — No Comments

M&A in sub-Saharan Africa soars

According to analysis by Thomson Reuters, the value of announced M&A transactions with any sub-Saharan African involvement reached $10.1 billion during the first quarter of 2017 – the highest opening quarter total in six years.

Thomson Reuters found that inbound M&A reached a seven-year high of $6.4 billion – more than five…

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Added by CFO South Africa on April 24, 2017 at 19:00 — No Comments

Finance flash: the TOP-10 articles of week 16, 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 April 24, 2017 at 15:30 — No Comments

BeztForex signs up for Finance Indaba 2017

Foreign exchange, global trade and banking intermediary company BeztForex 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…

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Added by CFO South Africa on April 24, 2017 at 8:00 — No Comments

CFOs should be on top of tech, says Graham Shapiro

Today’s world requires innovation to remain competitive, and with the changing nature of consumers, businesses cannot afford to be on the wrong side of technology. CFOs need to be on top of tech.

By Graham Shapiro

A few years ago, when I returned from my travels, I did a short internal audit contract at one of the big banks. To my shock, they were maintaining…

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

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