Latest Articles

Beyond cards and cash: How EFT payments are taking over e-commerce

CEO Thomas Pays says Kalon's investment will enable Ozow to help South Africa transition into a cashless society.

Harmony Gold sees 9 percent revenue increase due to increased gold price

Despite Covid-19, Harmony has reported high production in the last quarter of its 2020 reporting year.

Mpumi Madisa to become Bidvest CEO from 1 October 2020

Mpumi Madisa has been appointed as Bidvest's new CEO, taking over from retiring Lindsay Ralphs.

Innovation Hub appoints Maphefo Sedite as new CFO

Maphefo Sedite will be taking over from acting CFO Beverly Bokaba as Innovation Hub's new CFO.

Finance flash: the TOP-10 articles of week 37, 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.

Deloitte's Aneshree Naidoo on integrating motherhood, wellness and leadership during a pandemic

Deloitte Consulting Africa CFO Aneshree Naidoo returned to work from maternity leave during Covid-19.

DRDGOLD declares R1.562 billion operating profit due to high gold prices during Covid-19

CFO Riaan Davel: One good thing that came from Covid-19 was a favourable gold price environment.

MultiChoice South Africa CEO Mark Rayner resigns

After 14 years leading the group, Mark Rayner has resigned as CEO to pursue other opportunities.

CFO Alex Smith: Net1 to scale up South African business

Net1 is looking to take advantage of some of the emerging trends in electronic payment methods.

African Bank CFO Gustav Raubenheimer: Shareholder support to help manage funding

African Bank has entered into a R8 billion support arrangement with its shareholders.

CFOs should ask themselves what's more important, the liquidity or the margin?

Nedbank CIB reveals CFOs need to take a more holistic view of longer-based tender facilities.

CFOs discuss the power of bringing their purpose to work

Most CFOs agree that their purpose is making a difference to the world around them.

Webinar reveals that live reporting can save you time when closing the books

How Workday brought continued improvements and efficiencies to closing the books during Covid.

Herman Singh joins Telkom board as independent non-executive director

Herman Singh will step into the role of independent non-executive director from 25 September.

Digital adoption improves FNB resilience during Covid-19

Consumers' digital adoption enabled FNB to produce a resilient performance during difficult circumstances.

Aspen Pharmacare's effective business model proves resilient

The business model has helped Aspen Pharmacare remain in full operation throughout Covid-19.

Zeder Investments appoints CFO Johann le Roux as acting CEO

Johann le Roux will serve as the acting CEO of Zeder for an interim period starting 1 October.

Sygnia appoints CA Clarissa Appana to board

CA Clarissa Appana will serve as an independent non-executive director of Sygnia.

Momentum Metropolitan's Reset and Grow strategy was "the right strategy at the right time"

CFO Risto Ketola: The strategy put us in a better position to handle the impact of the Covid-19 pandemic.

Isaac Malevu appointed as new IDC CFO

Isaac Malevu will be taking over from Gert Gouws, who has been serving as the IDC's interim CFO.

Mobiz CEO Greg Chen reinventing SMS marketing

Greg Chen: Brands can now develop hyper-personalised digital engagement over SMS.

Finance in the family (Part 2): From highschool sweethearts to CAs

Brett and Candice Tromp went the CA route together, believing the qualification would open many doors.

Looking through 'Covid-eyes' to support and reimagine the workplace

redPanda Software CEO Gareth Hawkey: We can't apply old ways of doing things to new problems.

Luxe Holdings on road to recovery as profit improved by R55.2 million

The company saw significant improvement after the sale and unbundling of its food division.

Former Vodacom CFO Till Streichert appointed as CFO of Madrid-based Amadeus

2017 CFO of the Year Till Streichert set to take over from exiting Amadeus CFO Ana de Pro.

Spar appoints Brett Botten as new CEO

Brett Botten will be taking over from Graham O'Connor, who will become chairperson in March 2021.

Implats reports record headline earnings despite Covid-19 challenges

CFO Meroonisha Kerber: Implats has had to navigate through the increasing complexity of Covid-19.

Finance Indaba relaunches as Finance Indaba Network on 15 October

Join the gamified virtual Finance Indaba and boost your knowledge, network and career.

Finance flash: the TOP-10 articles of week 36, 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.

Santam CFO Hennie Nel on always chasing change

Hennie says that there’s a huge amount of change and vibrancy in the Santam business.

Labour and Employment Minister suspends UIF CFO and management team

The suspension follows allegations against the UIF of fraud and mismanagement of relief funds.

Australian Perseus Mining appoints South African Lee-Anne de Bruin as new CFO

Lee-Anne will be taking over from long-serving Perseus CFO Elissa Brown as of 1 November.

FNB named South Africa's most valuable brand in BrandZ Top 30

First National Bank takes first place for the first time with a brand value of $2.795 billion.

Adcock Ingram benefits from Panado and Adco-Hygiene sales in 2020 year-end results

CFO Dorette Neethling says that Adcock remains in a healthy financial position despite Covid-19.

Marketing Conversation reveals advertising should be built around trust

Colleen Backstrom explains how marketers can use neuromarketing to build familiarity.

ACCA qualification has made Kennedy Chinganya think like an entrepreneur

Kennedy Chinganya, Altron Nexus FD, says education has been a game changer in his life.

CFO Community Conversation: Ethical leadership is more than just a lip service

Claudelle von Eck: When it comes to ethics, leaders need to put their money where their mouth is.

Ashley Francis realises his dream of becoming an entrepreneur

Ashley has resigned as UCT executive director of finance to focus on newly founded Safricang Group.

AngloGold Ashanti appoints Ian Kramer as interim CFO

Ian has taken over from Christine Ramon, who has been appointed as interim CEO.

Webinar to reveal how to calculate expected credit losses during Covid-19

i9 Partners co-founders Rosh Segal and Laurence Milner go beyond the requirements of IFRS 9.

Webinar to reveal how CFOs can equip themselves for an age of digital change

Sage's Gerhard Hartman will be giving practical tips for CFOs to prepare for the future.

Sun International positioned for sustainable recovery post Covid-19 lockdown

CFO Norman Basthdaw expects recovery of the hospitality industry will lag after Covid-19.

Supporting government efforts for improved spend managements

SA public service entities are under pressure to contain costs and enhance their spend capabilities.

Eight elements a company needs to consider as it grows in size

Sage's Pieter Bensch: All the digital trends that were at play before the pandemic have accelerated.

Finance in the family (Part 1): Growing together from article clerks to CFOs

CFOs Jaco and Elmarie Martiz found love in the general office for article clerks at KPMG.

Nedbank CIB delivers a survival guide for supply chain finance

Nedbank's Mike Brandon reveals how companies can use supply chain finance to manage Covid-19.

Grathel Motau appointed as Thebe Investment Group's new group FD

Grathel will help to navigate the company through the Covid-19 impact as of 1 September.

Diversified commodities pay off in African Rainbow Minerals' 2020 year-end results

FD Abigail Mukhuba: The financial year was challenging, particularly around the onset of Covid-19.

Dineo Molefe appointed as MTN South Africa new CFO

Dineo Molefe takes over from Sugentharan Perumal, who served as MTN South Africa acting CFO.

MTN Group appoints Sugentharan Perumal as acting group CFO

Sugen will be taking over from Ralph Mupita, who has stepped into the role of MTN group CEO.

Deloitte Africa appoints Ruwayda Redfearn as new board chair

Ruwayda will be taking over from Trevor Brown as chair of the board with effect from 1 September.

Finance flash: the TOP-10 articles of week 35, 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.

Tongaat Hulett releases results after financial management overhaul

CFO Rob Aitken: These past 18 months have been the most challenging in Tongaat's recent history.

Exxaro Resources sees revenue increase due to consolidation of energy revenue

CFO Riaan Koppeschaar: Strength and resilience resulted in positive operational and financial results.

Distell has lost R4.3 billion in revenue due to Covid-19 restrictions on sale of alcohol

To improve the liquidity of the group, Distell has temporarily suspended the payment of dividends.

Bidcorp focuses on "new normal" as activity levels return to 85 to 90 percent

CEO Bernard Berson says annual results show demand in spend sectors improved in June.

Additional measures to assist employers in providing financial stability to employees

Nolukhanyo Makuni, director at CN Outsourced Finance, explains the payment terms of PAYE deferral.

AYO strengthens governance after JSE fine of R6.5 million

CFO Tatenda Bundo says AYO has learned a lot from the agreed-upon procedures engagement.

Raisibe Morathi reveals what drove her to accept the Vodacom CFO role

In an exclusive interview with CFO.co.za, Raisibe says she's looking forward to Vodacom's youthfulness.

Brand South Africa on the hunt for new CFO and CEO

The search for new executives follows former CEO Kingsley Makhubela's allegations of corruption.

CFOs share their virtual audits tips and tricks in CFO Community Conversation

CFOs agree that auditors need to adapt their processes to the new virtual world brought on by Covid-19.

Workday webinar to reveal the playbook for smart finance

Workday's Edward Bass and Brian Montgomery will explain how finance has to continuously transform.

Innocent Gumbochuma: The 'finance truth-teller'

ACCA-qualified Innocent Gumbochuma runs his public sector organisation with a strong private-sector orientation.

Sage reveals: CFOs need to collaborate within organisations to remain resilient

Panel of experts agrees that the lines between CFOs' and CEOs' roles are increasingly blurring.

Delta Property Fund appoints Marelise de Lange as interim CFO

Marelise will be taking over from CFO Shaneel Maharaj as interim CFO with immediate effect.

Past events

Raisibe Morathi appointed as Vodacom group CFO

Raisibe will be taking over from exiting Till Streichert as Vodacom group CFO with effect from 1 November.

Wescoal appoints Jubilant Speckman as acting group CFO

Jubilant will be taking over from exiting Izak van der Walt, who is leaving to pursue other interests.

Raisibe Morathi experiences 'mixed emotions' as she steps down as Nedbank CFO

Mike Davis has been appointed CFO-designate and will take over as CFO from 1 October.

Gold Fields has benefited from soaring gold prices and CEO Nick Holland retires

Exiting CEO Nick Holland: Gold Fields has managed to limit the impact of Covid-19 on production.

Group FD Jason Quinn says Absa revenue remained resilient despite Covid-19 impact

Jason Quinn: Absa's capital and liquidity levels are strong and will allow us to support our customers.

Nedbank remains profitable despite impairments amid Covid-19 fallout

Stronger growth in trading income helped offset these impacts as Covid-19 restrictions were eased.

Anoj Singh's CFO Awards from 2014 and 2015 revoked

The former Transnet and Eskom CFO was found guilty of 12 charges by SAICA.

Oracle's Steve Cox reveals that Covid-19 has accelerated digital transformation

Steve Cox suggests that organisations will realise their new mission, with the help of technology.

Finance flash: the TOP-10 articles of week 34, 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.

Sanlam Group appoints acting CFO Wikus Olivier as group executive of strategy

Wikus's appointment will support Sanlam's reviewed strategy with effect from 1 October 2020.

Hatch Africa FD Craig Sumption has been a leader since high school

Hatch Africa FD Craig Sumption's has developed a deep sense of responsibility and accountability.

Mango CFO Marelize Labuschagne steps down

Mango CFO Marelize Labuschagne and CEO Nico Bezuidenhout have both resigned.

Dis-Chem withdraws appeal after being compared to PPE corruption scandal

CFO Rui Morais: There comes a point where you have to consider the potential reputational damage.

Sasfin appoints Wiphold group CFO Nontobeko Ndhlazi to board of directors

Nontobeko has been appointed as a non-executive director to the Sasfin board as of 19 August.

What SA is doing wrong and how to put it right, with BLSA's Busi Mavuso

Some of SA's top CFOs explored the challenges facing the country, and then shared solutions.

Nedbank CIB provides supply chain finance survival guide in CFO SA Webinar

Mike Brandon and Lloyd Caughey explain how CFOs can mitigate the risk of disrupted supply chains.

CFO Mark Godfrey says Spar "happy" to resume cigarette and alcohol trades

The question is whether the illegal cigarette and alcohol channels are here to stay, says Mark.

Murray & Roberts FY2020 results significantly impacted by Covid-19

The direct profit impact of the pandemic on projects during the year is estimated at R622 million.

Bridgestone South Africa appoints first female CFO

CFO Prinisha Khoosal: This unprecedented time calls for high quality and a mindset of change.

Ralph Mupita plans to drive growth as new MTN Group CEO

MTN has announced that Ralph will be taking over from exiting CEO Rob Shuter from 1 September.

Sasfin appoints Karien Jones as COO of group finance

Karien will be responsible for assisting the finance team with financial operations, like reporting.

Finance flash: the TOP-10 articles of week 33, 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.

Denel appoints Talib Sadik as interim group CEO

Talib will be taking over from exiting group CEO Danie du Toit with immediate effect.

Find out how you can accelerate your digitisation journey in upcoming Oracle webinar

Oracle VP Steve Cox details the impact of digitisation on businesses' survival during Covid-19.

Investec Property Fund appoints Zaida Adams as new CFO

Zaida will be taking over from exiting Jenna Sprenger with effect from 1 December.

Ambidextrous organisations: Creative and agile, yet rigorous on risk and execution

Herman Singh: Corporate organisations of the future need to act like a boxer who can box on either foot.

Equites CFO Laila Razack: Representation matters

Laila says it's important for young women of colour to take up significant positions in corporate SA.

MultiChoice CFO Tim Jacobs explains thinking behind Netflix and Amazon Prime integration

Tim says this is part of a new streaming platform that will include content from international players.

King Price Insurance promotes CFO Rhett Finch to deputy CEO

Rhett helped found King Price Insurance in 2012 and has been instrumental in its growth.

Department of Social Development in KZN suspends officials, including CFO

Social Development MEC Nonhlanhla Khoza said disciplinary action was recommended for PPE procurement irregularities.

Fagerhult Group plans to exit South African business

CFO Michael Wood says Fagerhult to focus its investments on more attractive growth opportunities.

South African Nick Barry to drive growth as new CFO of Ireland's Allergy Standards

Nick will be responsible for aligning the financial operations with the strategic goals of the business.

Standard Bank CMO Thulani Sibeko explains new brand promise

Marketers Community Conversation hears how the new 'It can be' slogan came about.

Mpact incentive to focus on reducing working capital pays off

CFO Brett Clark says, as a result, the company has generated R700 million of cash from operations.

Jowayne van Wyk plans to tackle the challenges of Covid-19 as AEEI's new CFO

Jowayne believes using empathy economics during this time will deliver better results.

PPS's Tiffany Boesch shares seven steps for women to successfully manage their careers

The PPS CFO emphasises that, to succeed, women need to be passionate about what they do.

Finance flash: the TOP-10 articles of week 31, 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.

SARB agrees with VBS shareholders on process and criteria for new banking license

The new process has been introduced after shareholders expressed interest in saving the bank.

Adv. Dube Tshidi appointed as Financial Services Conduct Authority commissioner

Dube, who has been appointed by Tito Mboweni, will serve in the role for a period of three months.

How having multiple interests gives KoneCranes CFO Morris Zack the edge

Morris applies the same passion and intentionality he has for food, wine and the outdoors to his work.

CARES Act helps South African NPOs and universities raise funds in the US

Inyathelo FD Soraya Joonas urges NPOs and universities to take time to explore the CARES Act.

Thabiso Hermanus appointed as new Altron Bytes People Solutions head of finance

Thabiso joins Altron Bytes from Adcorp Group, where he served as group finance executive.

RMI enters joint venture with OUTsurance and Sampo to acquire Hastings Group

RMI CEO Herman Bosman: The venture is an investment to target the UK home insurance market.

Net1 CFO Alex Smith appointed as interim CEO

Alex will be taking over from exiting Herman Kotzé until a permanent CEO has been appointed.

Community Conversation reveals: Confidence is a woman's language to success

Inge Walters discussed the internal barriers that keep women from achieving success.

Women shouldn't try to be 'one of the boys' when leading organisations

EOH's Megan Pydigadu reveals that you can earn anyone's respect by being your authentic self.

Rebosis Property Fund appoints Asathi Magwentshu as acting CFO

Asathi will be taking over from Isabeau King, who has resigned as the company's CFO.

Italtile appoints Brandon Wood as new CFO

Brandon will be replacing former executive director of finance and administration Tsu Mhlanga.

5 tech trends that will strengthen your bottom line

SAP Concur Africa's Angelique Montalto shares five tech trends that give back to your company's finances.

Four things companies need to know about protecting employees during times of crisis

Angelique Montalto: Companies aren't relieved of their duty to care for the wellbeing of their employees.

How tech can improve spend management and deal with uncertainty in your business

Here are four ways businesses can deal with today's uncertainty through improved spend management.

Use a personal development model to improve your professional leadership skills

JAM CFO Nico Esterhuizen says the best time to choose personal growth is today.

Nutritional Holdings FD Rammalane Harry Monye resigns

Rammalane's resignation has resulted in the delay of the company's results for February 2020.

SAB cancels R2.5 billion of R5 billion investment plan

SAB VP of finance Andrew Murray: Cancellation is a direct consequence of losing 12 trading weeks.