Latest Articles

SA Bidco gets thumbs up to buy Comair

BA’s local operator Comair to be bought by BidCo after Competition Commission approval.

The CFO holds the key to a successful cloud migration

Tangent Solutons’ Niël Malan: Tech savvy CFOs are essential to a successful digital transformation.

Former Steinhoff CEO Markus Jooste fined R161 million for insider trading

The FSCA fined Jooste for releasing information to four acquaintances regarding the shares of Steinhoff.

Mboweni announces government wage freeze in medium-term budget policy statement

Finance Minister Tito Mboweni announced spending cuts to offset falling tax revenue in his MTBPS.

Five key takeaways for business from the 2020 mid-term budget presentation

Frederik Scholtz shares his five takeaways from Tito Mboweni’s medium-term budget policy statement.

Solidarity Fund appoints CA Amanda Tandiwe Nzimande as new CEO

Amanda Tandiwe Nzimande will be taking over from Nomkhita Nqweni as the Solidarity Fund CEO.

TeleMasters appoints Wikus Roos as new CFO

Wikus Roos will be taking over from Michael Vosloo as TeleMasters’ CFO with effect from 1 November.

ACSA faces major losses amid Covid-19 decline in air traffic

Airports Company South Africa expects operational losses due to decline in passenger numbers from Covid-19.

The best way to prevent a cyberattack is to educate your employees

CFO Community Conversation reveals that hackers exploit the employees in the business.

SAVCA appoints Lelo Rantloane as new chairman

Lelo Rantloane has taken over from former SAVCA chairman, Craig Dreyer, as of 26 October.

Special Feature (Part 2): Building a risk strategy

CFOs have had to come up with risk scenarios on how to respond effectively to Covid-19.

Digital transformation: the biggest shift in the CFO’s role

Digital transformation in finance is reshaping the role of the CFO like never before.

You need the right combination of qualifications, experience and ambition to become a CFO

Unilever’s Mikateko Tshetshe shares her learning journey to the top during Finance Indaba Network.

Transnet to overhaul procurement and finance functions

Transnet has set up a loss control function, which will report to new group CFO Nonkululeko Dlamini.

Momentum Metropolitan to strengthen its B-BBEE ownership

The company has launched an inclusive share ownership scheme that will benefit its SA employees.

Umgeni Water appoints CFO Nomalungelo Mkhize as acting CEO

Nomalungelo will be taking over from exiting CEO Thamsanqa Hlongwa.

CFO Lerena Olivier: Pick n Pay successfully navigated the challenges of Covid-19

The Covid-19 trading restrictions and lockdown affected up to 20 percent of the retailer’s revenue.

Mazars rebrands to celebrate balanced growth and successful expansion

The company’s rebrand helps present Mazars more consistently across the globe, say co-CEOs.

Lucky Finance Indaba Network launch day winners announced!

These are the winners of the Finance Indaba Network scavenger hunt and leaderboard competitions.

Prof Mervyn King: CFOs need to be the chief value officers in their organisations

Prof King reveals that value creation has replaced profit focus in CFO Community Conversation.

Adcorp appoints Noel Prendergast as permanent CFO

Noel has been acting as CFO since the resignation of former CFO Cheryl-Jane Kujenga.

Tsakani Maluleke recommended for Auditor-General position

Parliamentary committee recommends Tsakani Maluleke as next Auditor-General.

JSE fines Steinhoff for breaching listing requirements

The JSE has fined Steinhoff R13.5 million for disseminating false and misleading information.

Special Feature (Part 1): Wrangling risk in Covid-19 and beyond

In order for businesses to survive the Covid-19 storm, companies have to be ‘risk intelligent’.

Afrox to delist from the JSE as part of Linde Group acquisition plan

The Linde Group intends to buy the remaining shares of Afrox, after which it plans to delist the company.

New ecommerce fashion platform StyleMode launches during Covid-19

Loot.co.za CFO Shakeerah Diedericks: This is a golden opportunity to enter an active market space.

Lessons from Covid and remote working

Sage FD Jordaan Burger: Companies that went digital before lockdown were prepared for Covid-19.

MultiChoice South Africa appoints Nyiko Shiburi as new CEO

Nyiko Shiburi’s appointment forms part of an entire executive reshuffle at MultiChoice.

Discover the future of business travel in a post-pandemic world

Webinar to look at how businesses and suppliers are reframing their priorities, processes and procedures.

Accolades pour in for the virtual Finance Indaba Network launch

Attendees said they enjoyed the insightful content, speakers and virtual interaction with their peers.

UJ CFO Nolwazi Mamorare: No student should be left behind

CFO Nolwazi Mamorare steering the University of Johannesburg through the Covid-19 storm.

Finance leadership in uncertain times

Today’s uncertainty and change will see finance leaders assuming greater responsibility.

Transcend Residential Property Fund appoints CFO Myles Kritzinger as new CEO

Myles will be taking over from Solly Mboweni, who has stepped down as CEO to fulfil another role.

Packed Finance Indaba Impact Session hears how Workday enabled Aon to go virtual overnight

Two Aon Workday experts revealed their learnings from their global solutions implementation.

CFOs detail the challenges and opportunities of expanding into other countries to Finance Indaba

Air Liquide's Taki Nkhumeleni and other panellists share their companies’ stories of growth on foreign soil.

Cybersecurity part of the CFO’s remits

Experts hash out the extent of the CFO’s responsibility for cyber security at Finance Indaba Network.

Cash flow is king, said Finance Indaba Network panellists

Having sufficient liquid assets is an important safety net in times of crisis, the Finance Indaba heard.

Finance Indaba Network launch a massive hit with partners and finance professionals

Finance professionals were treated to a gamified virtual conference and expo experience!

Three CFO career paths: different routes to the finance throne

At this year’s Finance Indaba Network, leading CFOs discussed three ways to qualify for the top finance job.

The rise of the chief value officer

Speaking at the 2020 Finance Indaba Network, Professor Mervyn King advocated for a title change for CFOs.

Finance Indaba hears how to make it to the top before you’re 40

Verimark CFO Bryan Groome and other panellists shared their secrets to achieving early success.

Finance Indaba panelists reveal the key to a successful virtual audit is communication

Panellists agree overcoming communication challenges is important during a virtual audit.

Finance Indaba hears from the leaders spearheading the new world of work

Raisibe Morathi and other panellists shared their learnings from working through Covid-19.

Finance Indaba hears how support, EQ and mentorship are critical for women CFOs

A panel of women finance leaders said these three things were critical in their journey to the top.

Liquid Telecom South Africa appoints Deon Geyser as new CEO

Deon Geyser has been appointed as the CEO of Liquid Telecom SA with effect from 1 January 2021.

Finance Indaba Network launch kicks off!

The virtual auditorium is filling up to hear Vodacom new CFO Raisibe Morathi and other panelists speak.

Get ready for the first-ever Finance Indaba Network launching tomorrow

It’s not too late to join finance professionals from across South Africa at this virtual conference and expo.

PPC hopeful for recovery of cement industry in South Africa

PPC has reported a group revenue decline of two percent following a challenging financial year.

Ascendis appoints new CFO

Ascendis has appointed Cheryl-Jane Kujenga as its new CFO.

CFO cares: Afgri Group CFO Rivasha Maharaj coaches with care

Afgri Group CFO Rivasha Maharaj made time to mentor a Grade 12 scholar throughout her academic year.

Prepare for universal adoption of automation in finance

Automation is a key tool for finance functions to maximise operational efficiencies.

Business school appoints new director

Dr Catherine Duggan has been appointed director of the UCT Graduate School of Business.

Fasset joins the Finance Indaba Network as a Silver Partner

Finance and accounting authority Fasset has joined the Finance Indaba Network.

CIPC signs up for the Finance Indaba Network as a Gold Partner

The Companies and Intellectual Property Commission joins the Finance Indaba Network.

Konsise uses innovation to make tax easy

A new way for finance managers to store tax filing information, optimise efficiency and reduce tax headaches.

SAVCA appoints Natalie Kolbe and Sthembile Nkabinde as board directors

Sage financial director Jordaan Burger on finance beyond the numbers

Jordaan Burger enjoys being the strategic finance leader within business management service Sage.

Vedanta Zinc International restructures Black Mountain Mining board

Vedanta Zinc CFO Pushpender Singla will serve as a director of Black Mountain Mining board.

Sanlam Corporate joins the Finance Indaba Network as a Silver Partner

Employee benefits company, Sanlam Corporate, joins Finance Indaba Network.

JSE CFO Aarti Takoordeen talks people-friendly policies

CFOs share how their people-friendly policies, like parental leave, have changed from traditional policies.

Digital transformation: The biggest shift in the CFO’s role in a decade

CFOs have a key role to play beyond the books and digital transformation.

Former VBS CFO sentenced to seven years for fraud

Seven-year jail sentence handed down to Former VBS bank chief financial officer.

TreasuryONE Automation and Automation Anywhere join the Finance Indaba Network

TreasuryONE Automation and Automation Anywhere have signed up together as a Gold Partner.

Konsise joins the Finance Indaba Network as a Silver Partner

Cloud-based software, Konsise, has joined the Finance Indaba Network.

Why you should hire a CA with no experience

Blue Recruiting MD Graeme Marais shares why hiring a newly qualified CA is the way to go.

CFOs accelerate the pace of finance tech investments

CFOs must ensure that the pace and scale of finance technology investments align with their strategy.

Finance in the family (Part 6): Three generations of accountants

Both Glenn and Lauren Fullerton were influenced by Glenn’s father to pursue a career in finance.

The Supreme Court of Appeal rules in favour of Altron over telecoms tender

Technology group Altron wins court ruling against Tshwane over multi-billion rand contract.

ACCA joins the Finance Indaba Network as a Gold Partner

The Association of Chartered Certified Accountants has joined the Finance Indaba Network.

Dimago Data Analytics perfectly positions finance to drive digital transformation

Deploying Alteryx offers finance teams the ability to automate between 50 and 90 percent of data processes.

Webinar reveals how CFOs can keep their businesses resilient based on Covid-19 learnings

Sage’s AME FD Jordaan Burger shares his tips for CFOs of the future working in a digital era.

Sage joins the Finance Indaba Network as a Gold Partner

Business management solution, Sage, has joined the Finance Indaba Network.

Music industry CFO: Festivals, tours, live shows all cancelled under Covid-19

RiSA CFO Nishal Lalla: Agility and resilience are key in an industry not likely to rebound quickly.

Coupa Software joins the Finance Indaba Network as a Platinum Partner

Business spend management platform Coupa Software has joined the Finance Indaba Network.

Grindrod Bank appoints former Cell C CFO Tyrone Soondarjee as chairperson

Tyrone Soondarjee joins Grindrod Bank as chairperson after the resignation of Amanda Dambuza.

Momentum Corporate joins the Finance Indaba Network as a Silver Partner

Employee benefits solution company, Momentum Corporate, joins the Finance Indaba.

TFG CEO Anthony Thunström: Covid-19 accelerated existing shifts in the retail environment

The Foschini Group has seen an increase in online sales despite the easing of lockdown restrictions.

Shoprite appoints Wendy Lucas-Bull as chairperson-designate

Wendy is expected to take over from retiring chairperson Christo Wiese at the group’s next AGM.

SoluGrowth joins the Finance Indaba Network as a Silver Partner

Business process solutions company, SoluGrowth, has joined the Finance Indaba Network.

Tania Wimberley reveals why the JSE implemented the CEO and FD sign-off regulation

CFOs asked Tania all their questions around the sign off regulations, and a heated debate ensued.

Cristina Teixeira new Spur Corporation CFO

Cristina Teixeira will be taking over from Phillip Matthee as Spur CFO with effect from February 2021.

Quick Consols joins Finance Indaba Network as Gold Partner

Financial reporting tool Quick Consols has joined the Finance Indaba Network.

PPC delays results for third time as it continues to fix accounting errors

The cement maker will now publish its full-year financial results in the week of 5 October.

Capitec Bank sees recovery in the second quarter results, ending August

Capitec’s operating profits and headline earnings were heavily impacted by Covid-19 in the first quarter.

Hammerson appoints Rita-Rose Gagné as its new CEO

Rita will help Hammerson navigate through the challenges Covid-19 poses for the real estate sector.

EnterpriseWorx joins the Finance Indaba Network as a Gold Partner

Consulting service, EnterpriseWorx, has joined the Finance Indaba Network.

Finance in the family (Part 5): The Ntshiza squad

Thobeka and Zamani Ntshiza started their relationship over the phone. Now they have five children.

Choppies reports strong results following South Africa exit

CEO Ram Ottapathu: Choppies has traded strongly following its exit from non-performing markets.

Webinar reveals how to predict the unpredictable in 7 simple steps

Oracle director of product strategy Andreea Vasiliu reveals how CFOs can future-proof their business.

Workday joins the Finance Indaba Network as a Diamond Partner

The enterprise cloud applications provider will be headlining the Indaba on 15 October.

CFOs need the right information systems and risk framework

Nedbank CIB’s Belinda Munger and Gary Marais unpack how CFOs can successfully manage liquidity.

Harmony Gold FD Boipelo Lekubo lets no opportunity go to waste

Boipelo has a vision for improving the mining sector in South Africa through life-saving technology.

BREAKING: SAP Concur joins Finance Indaba Network as a Diamond Partner

The expense, invoice and travel management provider will be headlining the Indaba on 15 October.

Revolutionising customer engagement using conversational AI solutions

FinChatBot CEO Antoine Paillusseau: Personalised conversational AI solutions can assist and outshine human interaction.

Attacq delivers satisfactory results despite Covid-19 challenges

Attacq has delivered a net profit from operations of R1.4 billion for the year ended 30 June 2020.

SARB business cycle indicators show signs of recovery for SA economy

The SA Reserve Bank's indicators showed increases in eight out of 10 components.

IIA SA joins Finance Indaba Network as a Silver Partner

The Institute of Internal Auditors South Africa has joined the Finance Indaba Network.

Beware when mingling learning and development with performance management

Tim London: Separate these functions so their different priorities don't become a point of conflict.

Finance in the family (Part 4): The Sappi Southern Africa CFO and the tax lecturer

Pramy and Kreesan Moodley graduated the same year at the same university, but only met years later.

Hulamin appoints Laren Farquharson as acting CFO

Laren will serve as acting CFO until Hulamin has appointed a permanent CFO.

Astral Foods CEO Chris Schutte hospitalised after motorcycle accident

Astral Foods CFO Daan Ferreira will be the central contact person during Chris Schutte's absence.

CaseWare Africa joins Finance Indaba Network as Gold Partner

Developer of Software solutions for finance professionals, CaseWare Africa has joined Finance Indaba Network.

Comair's new business rescue plan approved

The business rescue plan will see a consortium invest fresh equity of R500 million into Comair.

Kalon Venture Partners sign up for Finance Indaba Network as a Silver partner

Disruptive technology investor, Kalon Venture Partners, has signed up for Finance Indaba Network.

Webinar to reveal how CFOs can use planning to their advantage during Covid-19

Workday's Tom Bogan: Planning is a fundamental part of the path forward for businesses.

Finance flash: the TOP-10 articles of week 38, 2020

Want to stay up to date with the latest developments in finance, but short on time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

Woolworths's focus on generating and preserving cash improves liquidity

Woolworths' has had to tightly manage working capital, cut back on discretionary costs and more.

How early challenges prepared Shoprite CFO Anton de Bruyn for Covid-19

For Anton, heading up finance at Shoprite during Covid-19 and IFRS 16 has been ‘interesting’.

Take-home salaries fell by 35 percent in July 2020 compared to 2019

The latest BankservAfrica index reported a "curiously high" number of people not getting a salary.

Namibian-based Oryx Properties appoints Francis Heunis as new CFO

Francis will be taking over from current CFO Lizette Smith with effect from 1 October.

Dimago Data Analytics joins Finance Indaba Network as a Silver Partner

Analytics consultancy company Dimago Data Analytics has signed up for the Finance Indaba Network.

Ashley Franics making memories during lockdown

The initial threat of Covid-19 and Alert Level 5 lockdown left people isolated in their homes, unable to see their family and friends. However, this didn't stop former UCT executive director of finance Ashley Francis from finding new ways to make memories.

Five changes for businesses as South Africa moves to Covid-19 Alert Level 1

Restrictions on international travel and social or business gatherings will ease from 21 September.

BlackLine joins the Finance Indaba Network as a silver partner

Automation cloud software provider BlackLine has joined the Finance Indaba Network.

CFOs believe finance technology will help them unlock new levels of opportunity

Sage CFO 3.0 reveals: The crisis demands that CFOs find ways to ensure the business is sustainable.

Harmony Gold concludes acquisition of AngloGold Ashanti's SA assets

Interim CEO Christine Ramon: AngloGold Ashanti well-positioned to deliver better returns.

Financial professionals are taking on a new role: delivering the digital value story

CFOs need to ensure investments align with the business outcomes and overall strategy.

Nonkululeko Gobodo resigns as Clicks non-executive director

Nonkululeko says recent events are in direct conflict with her initiative against racism and prejudice.

Finance in the family (Part 3): Love at first stock count for Anton and Zyla de Bruyn

Shoprite CFO Anton de Bruyn married Zyla four days after she wrote her final honours exam.

JAM's Nico Esterhuizen: Your mindset determines your leadership style

JAM CFO reveals CFOs need to understand the difference between a fixed and a growth mindset.