October 2014 Articles (21)

Badibanga Promesse, Strategic Account Director CIMA: what CFOs need to know about strategy

“We have grown tremendously in Africa over the last five years,” says Badibanga Promesse, Strategic Account Director- Global Corporate Relations at the Chartered Institute of Management Accountants (CIMA). With evident energy, he tells us about the upcoming shift to online-only exams and the continuous drive to keep the syllabus and short courses relevant. “For CFOs this is crucial, because CIMA is the only accounting qualification that has really embedded strategy in its syllabus…

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Added by CFO South Africa on October 31, 2014 at 13:02 — No Comments

Newsletter | How to become a happier CFO | Fraud in your rearview mirror? | Join the last CFO Event of 2014

CFO South Africa Newsletter | Thursday October 30…


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Added by CFO South Africa on October 30, 2014 at 11:26 — No Comments

Editorial: Listen to the rating agencies (for a change?)

Most CFOs have a healthy antipathy towards rating agencies, but sometimes we have to acknowledge they play an important role. I recently spoke to Eskom CFO Tsholofelo Molefe, who indicated that it is not necessarily a bad thing that the agencies scrutinize the power utility, as it keeps the management…

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Added by Joël Roerig on October 29, 2014 at 13:49 — No Comments

Jonathan le Roux: Is Fraud in your rearview mirror?

5 myths among CFOs about fraud– and their reality checks

I once read an article that said ask the following question: “Is your financial information used as a brakelight or a headlight for your organisation?”

Depending on your answer to this, will also determine how you view fraud within your organisations and its impact on your financial position, liquidity, governance and brand reputation.

Some of my perspectives regarding CFO myths about…

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Added by CFO South Africa on October 27, 2014 at 11:30 — No Comments

Stanford Payne, Executive Coach: how to become a happier CFO

CFOs should remember the lessons about opportunity cost and plan better to have the careers and lives they want. That is the message of Executive Coach Stanford Payne, a CA who will be writing Expert Insights for this website over the course of the next year. To kick things off, we have interviewed him about…

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Added by CFO South Africa on October 24, 2014 at 10:30 — No Comments

Newsletter | Saying NO to the CEO! | Partnering the CEO makes the job fun | Hear leading experts: Finance Minister and CFO SARS

CFO South Africa Newsletter | Thursday October 23…


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Added by CFO South Africa on October 23, 2014 at 11:22 — No Comments

CFO of the Week: Tudor Hungwe, SAMSA: Partnering the CEO makes the job fun

When Tudor Hungwe joined the South African Maritime Safety Authority (SAMSA) more than five years ago, it was a matter of “getting the accounting right and putting controls in place”. With time though, his role has shifted. “The priorities in my day-to-day job have changed. I find myself working more and more as a partner to the executive team. It is challenging, but it makes the creative juices flow and it is much more fun.”

The organisation embarked on a 5 year…

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Added by CFO South Africa on October 21, 2014 at 9:00 — No Comments

Saying NO to the CEO!

An Expert Insight by Jonathan Yudelowitz, Joint Managing Director of YSA (Pty) Limited, Author of…

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Added by CFO South Africa on October 20, 2014 at 9:00 — No Comments

Newsletter | Hear leading experts: Finance Minister and CFO SARS | Growth opportunities in sluggish market | Reach 5000 CFOs in CFO Magazine

CFO South Africa Newsletter | Thursday October 16…


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Added by CFO South Africa on October 16, 2014 at 13:28 — No Comments

Editorial: growth opportunities in a sluggish market

T he JSE is down, the rand is down and next week Finance Minister Nhlanhla Nene will probably tell us that South Africa’s GDP growth forecast is also down. These are worrisome trends, but they don’t come as a surprise for CFOs, who have seen the writing on the wall for some time now.

At the same…

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Added by Joël Roerig on October 15, 2014 at 11:04 — No Comments

CFO of the Week: Bob Head, Acting CFO at SARS: improving schools by influencing without power

Not being one to mince his words, Bob Head says his strength lies in “startups, turnarounds and sorting out unpleasant heaps”. The current Acting CFO of the South African Revenue Services (SARS) has an impressive CV. In this exclusive interview with CFO South Africa the fast-speaking Brit explains how business leaders can make a difference in South Africa’s “beleaguered” schools. “You learn to use influence without having power and you develop your listening skills.” And when…

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Added by CFO South Africa on October 14, 2014 at 9:30 — 1 Comment

In the News: Travel and IT innovation for Spur’s longtime CFO Ronel van Dijk

Last month Spur Group announced that sales across its restaurants have increased by 13.5 percent and that restaurant turnover per annum now exceeds R5.5 billion. In the next year the group wants to open 10 new Spur outlets, 10 Panarottis‚ 7 John Dory’s‚ 8 Captain DoRegos and 6 outlets for The Hussar Grill. We…

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Added by Joël Roerig on October 13, 2014 at 9:00 — No Comments

Careers: Sasol appoints Nqwababa, Atkinson new CFO Esor

Sasol has appointed Bongani Nqwababa as its new Chief Financial Officer. In an exclusive interview with CFO South Africa (click to read!), Eskom Finance Director Thsolofelo Molefe recently mentioned Nqwababa – one of…

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Added by Joël Roerig on October 10, 2014 at 11:30 — No Comments

Newsletter | CFO Eskom: Success comes through focus | 12 networking tips for CFOs | Keynotes from Minister Ivan Meyer and CFO SARS

CFO South Africa Newsletter | Thursday October 9…


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Added by CFO South Africa on October 9, 2014 at 15:51 — No Comments

Editorial: 12 networking tips for CFOs

In theory it sounds easy: going to conferences, seminars and especially the CFO South Africa events provide finance professionals with a golden opportunity for a bit of personal benchmarking, learning from peers, creating business opportunities, angling for…

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Added by Joël Roerig on October 8, 2014 at 11:03 — No Comments

CFO of the Week: Tsholofelo Molefe, CFO at Eskom: success comes through focus

Her proudest professional moment was the presentation of Eskom’s Annual Results announcement and the financial sustainability plan to key stakeholders, says Tsholefelo Molefe, Chief Financial Officer (CFO) at the public electricity utility. “Eskom is always in the spotlight and as it took a while to fill in the Finance Director permanently after my predecessor Paul O’Flaherty left, my very first challenge was to make sure that I pull the Finance team together to remain focused so…

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Added by CFO South Africa on October 7, 2014 at 10:30 — No Comments

Mazars and Berenschot launch consultancy JV

African management consultancies beware: a formidable competitor has just launched. Last week saw the official kickoff of Mazars Berenschot South Africa, a Joint Venture between the well-respected audit and accountancy company Mazars and Dutch advisory firm Berenschot, often dubbed the Dutch answer to…

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Added by Joël Roerig on October 6, 2014 at 11:00 — No Comments

Andrew Hannington, CEO Grant Thornton: Making a mark after the merger

The merger of two proud audit and advisory firms is not an easy process, but Grant Thornton Johannesburg CEO Andrew Hannington feels his company is in a strong position to face the competition. “We still have two buildings but we have moved half of our people across to promote integration. We are looking at new premises so we can all be under one roof. It hasn't been easy, but tax and audit departments are already working very well…

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Added by CFO South Africa on October 3, 2014 at 15:39 — No Comments

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