June 2012 Articles (7)

Richard Farber, CFO Discovery: “They don't teach you how to deal with people at university”

“I make a special effort to meet all new staff, within Discovery’s Finance division, before they are hired. Partly because I want to personally feel if they are ‘good’ new employees, but also because I find it very important that they feel welcome in the company.  The fact that the CFO has taken out the time especially to meet them, contributes greatly to that sense of ‘feeling at home’.” Richard Farber, CFO of Discovery, is…

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Added by CFO South Africa on June 28, 2012 at 8:00 — No Comments

Craig Tingle - CFO Mediclinic: “I trust you. Don’t drop me”

“Giving people and managers more power has proved very beneficial to the company.” Craig Tingle has a firm belief in giving people more accountability and responsibility, for them and the company to grow simultaneously. Craig (53) currently holds the position of Chief Financial Officer of Mediclinic International, the sixth largest listed private hospital group in the world with operations in South Africa, Namibia, Switzerland and the United Arab Emirates.…

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Added by CFO South Africa on June 25, 2012 at 9:00 — No Comments

Pieter de Jager – CFO Andulela Investment Holdings: “I don’t count my chickens before they hatch”

“Financial management in the manufacturing space is the most technically challenging arena for finance professionals,” says Pieter de Jager, Chief Financial Officer of Andulela Investment Holdings. He joined the board of Andulela Investment Holdings as CFO in 2008. Andulela is an investment holding company listed on the Equity Investment Instruments sector of the main board of the JSE Limited. The company employs over 550 people and seeks to hold primarily…

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Added by CFO South Africa on June 20, 2012 at 10:00 — No Comments

Becoming the CFO of the future: the CFO’s Toolbox

Being the Chief Financial Officer (CFO) is never an easy task and it’s getting even tougher given the 2008 Global Financial Crisis, the 2011 US budget deficit woes and the current Eurozone Crisis. The world is changing in that Western Economic Dominance is fading and the two former sleeping giants, China and India, are flexing their economic muscle. All of this brings more and more complexity to the fore and given the world is changing at a rapid pace, the CFO’s life is not getting any…

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Added by CFO South Africa on June 19, 2012 at 9:00 — 1 Comment

Henk Engelbrecht – CFO StratCorp: “The CFO needs to be a strategic thinker who understands the relationship between all the components of a business, its environment and the broader economy”

Henk Engelbrecht has only been acting as Group Financial Director of StratCorp since March 2011. It has been an interesting time so far. “I am a firm believer in not accepting the status quo and to always look at every aspect of the business critically to establish if there are better and more efficient ways of doing business.”

StratCorp was formed in 2000 and employs roughly 100 people. It is a South African…

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Added by CFO South Africa on June 15, 2012 at 8:30 — No Comments

Low energy growth to hold back higher GDP, analysts warn

While President Jacob Zuma on Friday celebrated Eskom’s Medupi power station moving a step closer to contributing its first electricity to the national grid next year, analysts have warned that economic growth of 6% is a far-off dream if power capacity or efficiencies are not expanded faster. Experts say economic growth of 6% will not be achieved if South Africa’s power capacity sor efficiencies are not expanded…
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Added by CFO South Africa on June 11, 2012 at 6:30 — No Comments

Ian Blackie – CFO Wesgro: “Advances in technology will put even more pressure on the CFO”

“I would expect people to be able to tell me why they are doing something in a certain way. If the answer is “because we’ve always done it that way”, it really tells me a lot about that person and their attitude towards the company and their work.” Ian Blackie, CFO of Wesgro, was initially placed at Wesgro in November 2010 by Deloitte one a short term contract. He calls himself ‘very fortunate’ to have been offered the position of CFO of the company, as he…

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Added by CFO South Africa on June 6, 2012 at 8:00 — No Comments

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