December 2015 Articles (51)

Steady growth for government pension fund

The Government Employees Pension Fund (GEPF) has released its annual report for the 2014/2015 financial year, showing steady growth and a sustainable investment strategy.

The GEPF’s investment strategy uses a liability-driven approach which takes into consideration expected future benefit…

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Added by CFO South Africa on December 31, 2015 at 11:30 — No Comments

Nuclear power procurement process initiated

According to the department of energy, South Africa has started a process that could lead to it adding as much as 9,600 MW of nuclear power to the national grid. Cabinet has given the go ahead to issue a request for proposals from the nuclear industry, which would be put to the cabinet for approval before a request…

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Added by CFO South Africa on December 30, 2015 at 11:30 — No Comments

Exclusive: Treasury ace Dalu Majeke goes home to help the Eastern Cape

Since 2009 he was CFO at the National Treasury and in 2014 he even scooped up a CFO Awards nomination. Recently, Dalu Majeke has moved back to the Eastern Cape and joined the provincial treasury as head of department.…

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Added by CFO South Africa on December 30, 2015 at 8:00 — No Comments

Ratings upgrade for Cell C

Restructuring at Cell C, which would see the company's debt reduced by more than 50%, to less than R8 billion, may also result in the provider receiving a ratings upgrade from Standard & Poor’s.

According to reports, the ratings agency has placed its "B-" long-term rating…

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Added by CFO South Africa on December 29, 2015 at 11:30 — No Comments

Kinya Kimotho, CFO Nielsen Africa: moving to risk-based management

There is great value for CFOs and FDs to meet each other and share notes, says Kinya Kimotho, finance director for Africa at international market research firm Nielsen. “When you look at different industries and companies, there is commonality in problems and…

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Added by CFO South Africa on December 29, 2015 at 8:00 — No Comments

Zimbabwe adopts Chinese yuan currency

Zimbabwe, a country still struggling with the after-effects of a recession that spanned almost a decade, and which forced the government to abandon its own currency, has adopted the Chinese yuan as legal tender in exchange for debt cancellation worth some $40 million.…

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Added by CFO South Africa on December 28, 2015 at 11:30 — No Comments

Expert Insight: what CFOs need to know about investing in Ghana

In this Expert Insight, our business advisor in Ghana, Eric Osei, talks CFOs through some investment considerations for international businesses that want to set up shop in the West African country. He outlines the natural resources, investment incentives and advantages of doing business in…

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Added by CFO South Africa on December 28, 2015 at 8:00 — No Comments

Investec acquires R623-million Australian property investment

JSE-listed Investec Australia Property Fund (IAPF) has announced its most recent acquisition: An A-grade, nine-storey office building with ground floor retail, situated in Newcastle, New South Wales. The acquisition has a price tag of some R623.45 million (Aus$56.7 million), and brings the…

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Added by CFO South Africa on December 25, 2015 at 11:30 — No Comments

What do CEOs think about their CFOs? KPMG report no comfortable read

IT and talent management are a crucial part of a modern CFO’s job, but often the finance leaders fall short. Global experience is paramount for a high level CFO and the role of the finance leader will increase in significance over the next three years. Those are some of the conclusions of KPMG’s View from the…

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Added by CFO South Africa on December 25, 2015 at 8:00 — No Comments

Joburg gets an improved credit rating

While South Africa on the whole may not be faring too well as far as credit ratings are concerned, the City of Johannesburg has plenty to celebrate following Fitch Ratings' upgrading of its national long-term rating.…

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Added by CFO South Africa on December 24, 2015 at 11:30 — No Comments

Newsletter: Technology - Key enabler in a changing world | 5 questions for MD Nkonki | Treasury addresses ratings concerns





CFO South Africa Newsletter | Thursday 24 December…








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Added by CFO South Africa on December 24, 2015 at 7:00 — No Comments

Advisory banks selected for SABMiller JV

China Resources Beer (Holdings) has chosen which banks will advise on options for its Chinese brewery joint venture with SABMiller. According to reports, HSBC Holdings Plc, Nomura Holdings Inc., Rothschild and UBS Group AG, have been chosen as advisory institutions ahead of the…

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Added by CFO South Africa on December 23, 2015 at 11:30 — No Comments

Nkonki wins award and global respect - 5 questions for Mitesh Patel

Earlier this month, Nkonki’s managing partner Mitesh Patel received a prestigious award from the Kreston International network at a conference in the Brazilian city of Rio de Janeiro. Nkonki is an incredibly ambitious South African audit, assurance and advisory firm with…

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Added by CFO South Africa on December 23, 2015 at 8:00 — No Comments

Brics New Development Bank a reality

In his recent, end-of-year statement, President Jacob Zuma confirmed that the Brics New Development Bank is indeed happening. "The New Development Bank, whose establishment was announced at the fifth Brics Summit in eThekwini, is now a concrete reality," President Zuma…

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Added by CFO South Africa on December 22, 2015 at 11:30 — No Comments

Jovan Grujic, PISU & Co: restructuring to draw investors and private equity

“For a Kenyan company like ours, the competition is nowhere and the room for growth is enormous,” says Jovan Grujic, CFO of the diverse, family-owned group PISU & Company. The Serbian money boss has had some great successes during his career in Europe and now wants to…

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Added by CFO South Africa on December 22, 2015 at 8:00 — No Comments

Treasury addresses ratings concerns

South Africa’s Treasury has pledged to focus on debt stabilisation in the medium term. This following Moody’s Investors Service's recent cut of its outlook on South Africa from 'stable' to 'negative'.

Moody's cited structural challenges in the country’s mining industry as…

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Added by CFO South Africa on December 21, 2015 at 11:30 — No Comments

Abbie Lundberg presents a new leadership model for digital business

"Digital is about exploiting information at speed for business use," opines Abbie Lundberg, President of Lundberg Media. Lundberg was addressing the crowd at the recent Oracle Cloud Day.

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Added by CFO South Africa on December 21, 2015 at 8:00 — No Comments

SABMiller and Coca-Cola join forces

The Competition Commission has reportedly given preliminary approval to SABMiller and Coca-Cola’s proposed deal to combine their operations, which currently mix, bottle and distribute soft drinks across the African continent.…

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Added by CFO South Africa on December 18, 2015 at 11:30 — No Comments

Technology - Key enabler in a changing world

Knowing how and when your business is impacted by a changing marketplace – and the ability to respond

A recent 4most customer survey aimed at highlighting the importance of knowing how and when your business is impacted by changes in the marketplace, revealed that 100% of respondents consider it either crucial…

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Added by CFO South Africa on December 18, 2015 at 8:00 — No Comments

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