July 2016 Articles (58)

Xero appoints Colin Timmis as SA head of accounting

Cloud accounting software company Xero, which officially launched in South Africa in May, has appointed Colin Timmis (pictured) as its new head of accounting in SA.

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Added by CFO South Africa on July 31, 2016 at 11:30 — No Comments

Beancounter CEO Marnus Broodryk a “Shark" on M-Net's new show

Marnus Broodryk (pictured), CEO of The Beancounter, an accounting firm currently disrupting SA’s finance industry with its innovative approach, has agreed to dig deep into his own pockets in order to give away big money on M-Net’s brand new reality show, Shark Tank South Africa, for which he has been chosen as a…

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

11,000 votes received for African FinTech Awards

To date, some 11,000 votes have been received (and just keep on coming), and as many as 200 companies entered into the African FinTech Awards. At present, the five top-scoring companies are Wala (1,200 votes), Vuga Pay (1,155 votes), Branch (980 votes), Yoco (420 votes),…

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

Seyi Bickersteth, National Senior Partner KPMG Nigeria, on Africa's potential to be great

“We [Africa] need to market ourselves more. We have a continent with lots of opportunities for people, we have a young and vibrant population and a growing middle class. We need to let people know that we are open for business and that we are very investor friendly,” says Seyi Bickersteth, National Senior Partner KPMG Nigeria & Chairman KPMG Africa…

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

4 reasons for July's unchanged interest rate - KPMG’s Maura Feddersen

In line with market expectations, the central bank’s Monetary Policy Committee (MPC) announced earlier this month that it would leave the leading policy rate unchanged at 7%, keeping the prime lending rate at 10.5%. Maura Feddersen (pictured), Senior Economic Advisor with KPMG Economics, Financial Risk…

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

Tell better stories & be a better leader: Peter Christie at public sector CFO event

"One of the challenges for corporate leaders is that often, they are not good communicators, or are not very effective communicators. They largely communicate via email, company newsletters or noticeboards, and PowerPoint presentations. To get the key message through you’ve got to be more creative than that and become a better storyteller,” says consultant and academic,…

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Added by CFO South Africa on July 28, 2016 at 8:00 — No Comments

Finance flash: the TOP-10 articles of week 29

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. Kodak’s Downfall Wasn’t About…

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Added by CFO South Africa on July 27, 2016 at 15:30 — No Comments

Noel Doyle appointed Tiger Brands CFO

Tiger Brands has announced that Noel Doyle (pictured), who has been the company’s COO since July 2015, will be taking over the CFO role from Funke Ighodaro as of 1 August.

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

Finance Indaba 2016: Zetta Business Solutions make a CFO's life easier

"We can help finance professionals to improve their ability to better utilise their time, by automating and simplifying remedial processes like data collection, allowing them to spend more time on analysis," says Anna Puzonethe head of enterprise performance management at information management company Zetta Business…

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

Kumba Iron Ore CEO Norman Mbazima resigns

Norman Mbazima (pictured), CEO of Kumba Iron Ore, which is 70% owned by Anglo American, has announced his resignation. Mbazima will be stepping down at the end of August in order to focus on the restructuring of the company, as well as Anglo American’s coal business.



Anglo American said of the…

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

Essential learning as CFO Colin Brown shares how critical treasury is to Super Group

Through some incredible tech-enabled financial discipline, CFO Colin Brown helped saving Super Group from the abyss, setting the South African flagship firm on course again for massive expansion. Since then successes have been commonplace, with Colin (pictured…

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Added by CFO South Africa on July 26, 2016 at 10:00 — No Comments

CFO Reggie Boqo is making a difference in Johannesburg

People who pay their rates to the City of Johannesburg might feel a tad rebellious when litter overflows during a PikitUp strike or they burst a tyre on one of the many potholes. Why pay rates and taxes when service delivery is so poor that you take your rubbish to the tip yourself and hire security guards because the police don’t keep you safe? Those…

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Added by CFO South Africa on July 26, 2016 at 8:00 — 1 Comment

ArcelorMittal SA anticipates 75% interim headline loss per share

In its recent trading update, released on Friday 22 July, steel company ArcelorMittal SA said that when it releases its results on 29 July for the six months to end-June, it anticipates reporting that its interim headline loss per share widened by as much as 75%, its headline loss per share having deteriorated…

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

Lightning-fast reflexes: the agile team

While many other teams in a business have some flexibility as far as deliverables, reporting and project timelines go, this is a luxury not often enjoyed by the finance team. But as the pace of doing business is so much faster today, is it not time the finance function became more agile too? We spoke to experienced CFOs and other industry experts to get their insight.



By Toni…

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

Fastjet to raise £19-million-plus through share issue

African budget airline fastjet has said it will raise as much as £19.2 million through a share issue, issuing the shares at 50 pence each. This according to Reuters.

  • Nico Bezuidenhout was recently named the new CEO…
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Added by CFO South Africa on July 24, 2016 at 11:30 — No Comments

Discovery launches wellness programme in Japan

Discovery Ltd has announced that it will soon launch its behaviour tracking programme, an initiative that rewards health and life insurance clients for healthy lifestyle choices as well as aids in fitness tracking, in Japan.

  • Corporate wellness was the topic of a recent CFO event. See what CFOs and experts had to…
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Added by CFO South Africa on July 23, 2016 at 11:30 — No Comments

Repo rate remains unchanged but downgrade still a possibility

The South African Reserve Bank (Sarb) made a decision yesterday to keep the repo rate at 7% and to revise the country’s growth forecast down to 0%. The Sarb has not, however, ruled out the potential for further interest rate tightening later in the…

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

What CFOs can do to ensure a successful M&A transaction

“The first week after we were acquired, I went to sit with management and tried to get an understanding of why they had bought us and what they had promised their shareholders. I then took that, came back home and developed a strategy to give them what they wanted to see,” said Cobus Grove, CEO…

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

Barclays Africa to spend R1.4 billion on skills development

Barclays Africa CE Maria Ramos (pictured) recently announced that the bank will be partnering with clients, governments, NGOs and economic development agencies on a multimillion-rand shared growth initiative aimed at boosting education and skills development.…

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Added by CFO South Africa on July 21, 2016 at 11:30 — No Comments

Finance Indaba 2016: Monash South Africa produces industry-ready graduates

"We understand that the current financial landscape requires innovation, creativity and the need to understand and address a great variety of complex issues, and have therefore aligned our programmes to prepare students as effectively as possible for the business and economics sphere," says…

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Added by CFO South Africa on July 21, 2016 at 8:00 — No Comments

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