October 2013 Articles (25)

Simone Fraquelli, Head: Network Executive: Offering a ‘friends of friends’ network

“CFOs and other executives are not the people that are actively participating in the job market, they are too busy for that,” says Simone Fraquelli, the head of Network Executive – a new initiative by Network Recruitment, which itself is a division of the JSE-listed company ADvTECH Limited. “They usually move jobs when a friend of a friend asks them to consider a position. With my 8 years of experience as recruiter of executives I am able to offer clients a ‘friends of friends’…

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Added by CFO South Africa on October 29, 2013 at 14:46 — No Comments

Eugene Hangwani Lufhugu, CFO at Rand Mutual Assurance: Thinking about growth

While most CFOs spend their days maximizing profit and fighting competitors, Eugene Lufhugu’s primary role is “to make sure our beneficiaries are taken care of and focusing on the long term sustainability of the Group”. However, just like his peers, the CFO of Rand Mutual Assurance sees cost management as one of his most important briefs. “I worked for FNB and Toyota Tsutso Africa, but I would not say I miss profit driven commercial business. I joined Rand Mutual when the company…

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Added by CFO South Africa on October 28, 2013 at 11:30 — No Comments

Professor Deon Rossouw, CEO of EthicsSA: Ethical culture still lacking

Although awareness about ethical business practices has increased tremendously over the last few years, most South African companies, departments and organizations are still struggling to translate that into an ethical culture. “CFOs need to be aware that this needs to change,” says Professor Deon Rossouw, CEO of The Ethics Institute of South Africa (EthicsSA). “Because the financial cost of unethical behaviour is enormous.”

For CFOs ethical issues almost always relate to…

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Added by CFO South Africa on October 22, 2013 at 9:30 — No Comments

Claudelle von Eck, CEO of IIA SA: Internal auditors more than watchdogs

Just like CFOs, internal auditors have been widening their scope over the last few years, says Claudelle von Eck, CEO of the Institute of Internal Auditors South Africa (IIA SA). “Internal auditors are moving beyond compliance, beyond being seen as the watchdog. These days they need to be the right hand to audit committees and a best practice advisor to the organisation as a whole.” That role is not limited to a financial one, Von Eck emphasizes. “Often, when it gets to the…

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Added by CFO South Africa on October 21, 2013 at 9:30 — No Comments

Natalie Zimmelman, General manager AAT(SA): Plugging the skills gap

“We have identified a skills gap and we believe we can plug it,” says Natalie Zimmelman, general manager at AAT(SA), the Association of Accounting Technicians, South Africa, which operates from the offices of the South African Institute of Chartered Accountants (SAICA). AAT(SA) was formed in October 2008 after SAICA and the international professional body, AAT, realized their collaboration should stand on its own feet.

Zimmelman and her colleagues Wandile Yengwa (Development…

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Added by CFO South Africa on October 18, 2013 at 10:00 — No Comments

Natasha Bell and Chantelle Booysen, Cassel & Company: EQ and culture matter

“Our focus is to look beyond the technical aspect of positions,” says Natasha Bell, General Manager at Cassel & Company. “How do you ensure that you retain your employees? That is one of the biggest issues at the moment. At Cassel we focus strongly on both sides of the hiring process – the business and the candidates. We focus on the EQ, the emotional intelligence, of a person and zoom in on a cultural match.”

Cassel & Company is a trading division of multinational…

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Added by CFO South Africa on October 16, 2013 at 9:00 — No Comments

Steven Waugh, Group CFO TBWA: The virtues of discipline

“Managing growth is a lot of fun, but also a lot of work,” says Steven Waugh, Group CFO at Johannesburg-based advertising group TBWA. The Scottish trained Chartered Accountant worked in London for most of his career and is therefore in an excellent position to assess where South Africa is currently at. So what about B-BBEE, minority shareholders and cost cutting? And are our accountants really as brilliant as they think they are?



Waugh started his career in the music and…

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Added by CFO South Africa on October 14, 2013 at 11:30 — No Comments

Koosh Panday, Business Development Manager at Sappi: The case for Readsoft

What can a CFO gain from implementing automated document processing software like Readsoft? The South African pulp and paper giant Sappi took a strategic decision and recently implemented Readsoft and Sappi’s Business Development Manager, Koosh Panday (MBA), reports positively. “I am convinced that many CFOs would benefit from such automation, deliver more value and become leaner. This is an investment that earns pay-back within a short time.”

Koosh Panday and Readsoft…

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Added by CFO South Africa on October 11, 2013 at 16:00 — No Comments

Strategic CFO: Are you a catalyst for change? Compare yourself to your peers.

Oracle and Accenture created a new benchmarking tool based on exclusive data from our global CFO survey. The tool will benchmark your performance across a number of key dimensions identified by Longitude Research, a third-party research firm we commissioned to conduct our study.

By taking the survey, you’ll learn how your performance compares to CFOs worldwide, and what barriers they face as they seek to exert greater influence over the business.…

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Added by CFO South Africa on October 10, 2013 at 16:00 — No Comments

Lucas Ramagaga, CFO Total Client Services: Affecting people’s lives

“What we do as finance directors and chief financial officers affects people’s lives,” says Lucas Orapeleng Ramagaga, 32-year old CFO at Total Client Services. “We deal with shareholders, but also clients, suppliers and our own employees – it is a big responsibility.” Having made short work of the corporate ladder, Ramagaga does not shy away from the task. “I have a high appetite for growth, so a future role as CEO, chairman…

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Added by CFO South Africa on October 10, 2013 at 11:30 — No Comments

Presentation IQ Business: Managing Risk for Growth

“We are data nerds who like studies,” said Fred Axsel to his captive audience during the 5th CFO South Africa Event in the Saxon Boutique Hotel on 3 October 2013. Axsel is Managing Executive at management consulting firm IQ Business. Together with his colleague Rob Brine he shared the results of IQ’s latest research in a presentation titled 'Innovate or Die vs. Innovate and Die? CFO Managing Risk for…

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Added by CFO South Africa on October 9, 2013 at 14:30 — No Comments

Victor Sekese, CEO of SizweNtsalubaGobodo: Never underestimate people

Anybody who has spent more than half a minute in the company of Victor Sekese, can testify that the CEO of SizweNtsalubaGobodo (SNG) is one of the most passionate business leaders in South Africa. On Thursday 3 October 2013 he delivered a powerful presentation on corporate growth, as part of the 5th CFO South Africa event at the Saxon Boutique Hotel in Johannesburg. He enthralled everyone with his insight,…

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Added by CFO South Africa on October 9, 2013 at 14:00 — No Comments

Steven Cohen, Managing Director Sage Pastel South Africa: CFOs should shed inertia when it comes to the cloud

CFOs provide us with some very good ideas for our product development, says Steven Cohen, the charismatic co-founder and Managing Director of SAGE Pastel South Africa. Sage specializes in accounting and business management software for small and medium sized businesses and is the market leader in South Africa. “It is time for the CFO to realise that he or she needs to embrace the power of technology. CFOs need to get rid of the inertia they show towards cloud computing, big data…

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Added by CFO South Africa on October 8, 2013 at 9:30 — No Comments

Tomorrow's CFO. Download the presentation of Ross Hampton, Divisional Director CQS

Ross talked at the 5th CFO SA Event about the future CFO, the auditor being the most important stake holder (!), how and where CFO's spent their time and many more issues. Please find the powerpoint presentation at …

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Added by Alex van Groningen (CFO SA) on October 4, 2013 at 21:00 — No Comments

Focus on growth and innovation at successful 5th CFO South Africa Event

“We are not living in the information age anymore, but we have moved into the communication age, where social media and relationships are becoming crucial elements of our daily work.” Those were the words of Aarti Takoordeen, CFO of the JSE Limited, who gave a snappy, thought-provoking presentation during the 5th CFO South Africa event, which took place in the Saxon Boutique Hotel in Johannesburg on Thursday 3 October.

Building social platforms and strengthening…

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Added by CFO South Africa on October 4, 2013 at 13:00 — No Comments

Dalu Majeke, CFO of the Treasury: Learning to perform in tough times

“Having passion and resilience, even during tough times, are qualities I really admire in CFOs,” says Dalu Majeke, the CFO of the Treasury in South Africa. As the finance man of the country’s finance department, he knows what it’s like to work under pressure. “We don’t value popularity in the department, but we want to be able to present a stable financial framework in trying times.”

On Thursday Majeke met with CFO South Africa and spoke about the transformation of the…

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Added by CFO South Africa on October 3, 2013 at 15:30 — No Comments

Brett Parker, MD Southern Africa at SAP: don’t overcustomize

“We spend a lot of time trying to convince CFOs that they should not customize ERP and other software solutions too much,” says Brett Parker, Managing Director Southern Africa at software and solutions firm SAP. “The old style is to customize, so you can run your current business processes on SAP. Nowadays, we urge companies to stay close to the vanilla version of our products and in doing so adopt best practices.”

On Thursday morning Parker met with CFO South Africa to…

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Added by CFO South Africa on October 3, 2013 at 11:30 — No Comments

Steve Killick, Partner at PwC: Boards want more than spreadsheets

Many CFOs need to realize that they need to make a technological leap, because they are expected to present up to date and complex information to the boards of their companies. “We still see a huge amount of spreadsheets being used,” said Steve Killick, partner at the Johannesburg-office of PwC. “Even the firms with ERP systems often use a junior controller to put the information back into a spreadsheet to manipulate it before a presentation.”

On Wednesday night Killick met…

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Added by CFO South Africa on October 3, 2013 at 6:30 — No Comments

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