Your source for the latest news, expert insights and interviews.
The property group has appointed Jonathan Bigham as the successor to exiting CFO Jonathan Weltman. Leading executives unpacked a scenario of failing ESG commitments, and workshopped possible solutions. The broadcasting agency plans to break even or profit in the next three financial years. Leading CFOs and CHROs concluded that it is their place to champion ESG in their organisations. CFO Meroonisha Kerber says Implats is not only trying to manage cost, but to move towards carbon neutrality. Cordelia, who has been with the group since 2012, will be taking over from exiting Thabo Tshepuwane. Top finance professionals unpacked their priorities for the year in the latest CFO Community Conversation. Finhai explains that Africa’s internet economy is projected to reach five percent of the country’s GDP. Mr Price Group CFO Mark Stirton joins the list of nominees for the 2022 CFO Awards. Albrè will be taking over from exiting Norman Janse van Rensburg until a permanent FD has been appointed. George explains that the largest part of product to market costs is the cost of logistics. South African Claire Cobden has been appointed as the new CFO of international consulting group Cowi. Royal Bafokeng Holdings FD Tinyiko Sihlangu joins the list of 2022 CFO Awards nominees. Nersa has granted a tariff increase of 9.61 percent instead of the 20.5 percent Eskom requested. 21st Century CEO Chris Blair unpacks a recent study into the adoption and application of ESG metrics. Organisations have been slow to embrace independent reviews as an alternative to audits, but this is changing. The Santam subsidiary has promoted Carla Jordan to CEO, with Nonte Nzimakwe taking over as CFO. How Annah Matshaba went from pursuing a career in aeronautics to one in the finance industry. Webinar looks at how CFOs can tell their financial stories by empowering themselves with the right tools. The new CFO brings over 20 years of oil and gas industry experience to the energy solutions provider. ESG expert Brett Wallington unpacks why ESG commitments don’t measure impact on Earth and society. After her retirement in June, Christine plans to devote more time in the near term to her children. Douglasdale Dairy CFO Bradley Wentzel joins the list of 2022 CFO Awards nominees. King Price has identified five ESG areas which it plans to focus on over the next five years, Paul says. Carmini will be taking over from Aarti Takoordeen in an acting role until a new CFO has been appointed. Greg Booyens says Emira’s main growth area is in US markets, as local markets experience continued pressure. Sharon Naidoo shares how she has made her role as Transunion’s CFO her own by tapping into her superpowers. The Standard Bank chief finance and value management officer has been nominated for the second time. The travel and expense management company will join both the online and live Finance Indabas. Aarti, who has been CFO at the JSE for the last nine years, has been appointed as the new CFO at AECI. Sayuri will step into the role of Calgro M3’s new FD in March this year, replacing Waldi Joubert. The mine has a unique model for sustainable development, including reprocessing and water management systems. The Sonoma Valley winery has appointed Johannesburg-born Kim Cotter as its new CFO. Momentum Metropolitan group FD Risto Ketola has been nominated for the CFO Awards for the second time. Webinar reveals what will happen to Excel if CFOs start adopting automated reporting systems for IFRS9. Oceana’s CEO Imraan Soomra has tendered his resignation shortly after the suspension of its CFO. FD Soraya Joonas explains how Inyathelo looked inward to be more flexible during uncertain times. CFO Ilona Roodt says the award bodes well for investors’ confidence in TUHF and builds its credibility. He explains how Imperial plans to change the ESG narrative for the logistics and freight industries. With a passion for data and analysis, Gustav will be responsible for executing the bank’s new digital strategy. André is eager to get around to doing the things he loves, like reading and riding his motorcycle. From mountain biking, to competing in marathons, to watersports and more, these CFOs use sport to destress. For his second stint at the bank, Mboweni will advise on business development opportunities in South Africa. The new strategy will give individuals, SMEs and the planet the opportunity to thrive, he says. Thamsanqa Mkhwanazi has been appointed as the water supplier’s new CFO and debt officer. Malcolm explained in a webinar that automation has improved Retailability’s reconciliation processes. The new head of ACCA South Africa brings a wealth of education and training experience, How Douglasdale Dairy is changing the narrative for a traditionally non-sustainable industry. The bank has appointed Sugendhree Reddy as its new CEO, seeing Chrisanthi step back into her CFO role. Norman has been the FD of WG Wearne for a year, assisting in finalising outstanding financial information. In 2019, Adrian was tasked with a mission to rescue 13 Starbucks Southern Africa stores. Corné says that the current rate of return is one of the best ever, which should lead to a lot of investment. These CFOs all had to, and continue to, navigate the supply chain challenges that came with Covid-19. Deepa has been appointed as an independent non-executive director on the Datatec board. The Risk Insights CEO explains that CFOs can improve their ESG reporting by using the ESG GPS tool. Prof Paolo Fulghieri teaches participants how to take advantage of opportunities as buyers or sellers. Diarmuid will be taking over from Alistair Marks, who has been appointed as chief investment officer. Thandie will take over as the EPPF’s new CFO following the promotion of Shafeeq Abrahams to CEO. Sandile will be taking up the debt officer role along with his CFO role, following the retirement of Krish Kumar. Raj Nana, Anabel Vieira and Ntobeko Nyawo have had to navigate significant changes in the property industry. Arno explains that Standard Bank plans to turn its focus to the environment and new ecosystems. As the CEO, Mzamo plans to help the agency drive sustainable impact on people and brands. CompariSure has raised R15 million from HAVAÍC and 4Di Capital in a funding round. Raisibe Morathi and others say CFOs need to work closely with their stakeholders to navigate a crisis. The acquisition will see Liberty become a wholly owned subsidiary of Standard Bank. The Petrocam CFO believes challenger brands across industries have an opportunity to make inroads today. Currently the deputy CFO, Kyle will be taking over from retiring CFO Ray Pleaner in April. Following on from the success of the "Reset and Grow" strategy, Momentum has launched the "Reinvent and Grow" strategy. UK accounting regulator fines KPMG for audit failures, China cuts borrowing costs and more! Calib urged the country to help industrial customers navigate the transition to cost-reflective electricity tariffs. Capitec will be issuing 625,000 shares to employees who have been with the bank for more than three years. From mentorship, to courage, to integrity; CFOs agreed that the role of a leader is to add value to all stakeholders. The 2021 Finance Indaba Conversations unpacked how good business includes purpose and value. During the 2021 Finance Indaba Conversations, CFOs revealed that people and technology should work together. The AB InBev Africa VP of finance, legal and corporate affairs, takes up the mantle of SAB CEO. Prof Raghu Rau says new developments in technology have changed the way people coordinate with each other. The CFO Awards recognise top CFOs for outstanding performance and excellent leadership. Eazi Access CFO David Chadinha shares his tips on how to thrive during a crisis. Burton takes over from retiring René Otto, who has led the company since its start-up 14 years ago. Doug said that he is proud of the recovery and strong performance of the company during his tenure. The US Fed sends signals of interest rate hikes, Covid-19 dampens global growth forecasts and more! CJ takes over from Andrew Marshall following the implementation of a recapitalisation transaction. Smollan Group has acquired the Argility Technology Group in a move to expand its global offering. Angela Pillay has tendered her resignation as the FD of Sasfin after three years in the role. Old Mutual Corporate’s Malusi Ndlovu says employees will benefit from the switch to umbrella funds. Grant Hardy has been identified as the successor CFO that will take over from retiring André du Plessis in June. Mteto Nyati will be stepping down from the role as CEO when his five-year term is completed in June 2022. Pushpender looks forward to contributing to the growth of the country’s mining industry in his new role. As the CFO of Hyundai South Africa, Thinus gets to enjoy many perks along with the challenges in his industry. Analytic process automation platform Alteryx has signed up for the Finance Indaba Network. Workday’s new country manager says this personal philosophy is perfectly aligned with the business’s. The former MTN CTIO has been promoted to CEO of MTN’s South African operations. CFO Thembi Mazibuko says this achievement is proof that Masslift is committed to real transformation. Herman Singh explains how professionals can use their social media to build their network and career (part two). The coal miner has reported a R2.67 billion revenue for the half-year and plans to diversify more. Tongaat Hulett embraces new growth initiatives on the back of a 5 percent revenue increase. A look back at some of the CFOs who had to make the transition to CEO this year. We take a look at some of the companies that managed to turn a loss into a profit. Have you ever wondered what South Africa’s top financial leaders favourite hobbies are? We took a look. 2021’s Community Conversations provided a platform for CFOs to exchange ideas and plan for the future A look at businesses that have incorporated sustainability into their business strategy. These are the big M&A stories that grabbed the attention of our community this year. A look at must-read opinion pieces of 2021 from CFOs in our community. These are the companies that are growing and generating revenue, despite pandemic challenges. Synthesis’s Leandré Roux shares his lessons, pitfalls and successes while building digital platforms. These covered topics from learning from mentees and the value of good software, to the downside of last-minute decisions. These CFOs were given the daunting task of turning organisations around and won. CFOs discuss how technology can be used to eliminate legacy systems and improve the customer experience. Olivia Serithi, Casper Troskie and Nerissa Jalim reveal the true value of a people-oriented approach. Our insightful Future of Audit series asked some of audit’s top thought leaders to look into the future. The best CFOs understand that a vital part of their role is actively empowering people. Naeem Kola has been appointed as the new group CFO for Net1 UEPS Technologies, replacing Alex Smith. We round up the events that got our community together despite the pandemic in 2021. Nedbank has listed a R1.09 billion green bond on the JSE’s Sustainability Segment. Justin O’Meara will take over as AVI CFO from Owen Cressey, who has taken a new role at Mondelez. Aon’s Global Risk Management Survey reveals that Covid-19 has shone a spotlight on interconnected risks. Netcare is among the likes of Tiger Brands and EOH, who have chosen a secondary listing on A2X Markets. Citigroup pushes ahead with climate pledge, Visa launches global crypto advisory service and more! The RMI CEO and Outsurance CFO will step down following the sale of Hastings Group to Sampo.Jonathan Bigham to step in as Balwin Properties’ new CFO
Boardroom simulation shows CFOs and CHROs need to walk the talk on ESG matters
SABC doesn’t intend to ask for further bailouts, says CFO Yolande van Biljon
ESG is not a new concept, but it comes with new urgency, reveals Finance and HR Summit
Implats identifies new renewable energy projects amid carbon tax changes
Pembury Lifestyle Group appoints Cordelia Sachiti as new FD
CFOs discuss managing rapid growth, and how to pull back when it changes
CFO Finhai Munzara expects investment in data centres to grow
Mark Stirton nominated for 2022 CFO Awards
WG Wearne appoints Albrè Badenhorst as interim FD
Imperial Logistics CFO George de Beer reveals the costs of cross-continental trade
Claire Cobden to develop growth initiatives in Cowi’s North American markets
Tinyiko Sihlangu nominated for 2022 CFO Awards
Eskom to come to terms with tariff increase, says CFO Calib Cassim
South Africa among global peers leading the charge on ESG
It’s about time to migrate from audit to independent review
Emerald Risk Transfer appoints new CFO and CEO
Annah Matshaba from Eazi Access on finding her niche
CFOs of the future are learning to tell the finance story
JSE-listed Oando appoints Adeola Ogunsemi as its new CFO
Companies need to go beyond ESG ratings in order to make a real impact
AngloGold Ashanti CFO Christine Ramon set to retire after difficult year
Bradley Wentzel nominated for 2022 CFO Awards
CFO Paul Stedall says King Price Insurance is in the business of making a difference
JSE appoints Carmini Kander as acting CFO
Emira Property Fund’s investment in stronger economies offset local performance, says CFO
Transunion CFO Sharon Naidoo disrupting with heart
Arno Daehnke nominated for the 2022 CFO Awards
Zoho Expense signs up for Finance Indaba Network
Aarti Takoordeen named AECI’s new CFO
Sayuri Naicker looks forward to growing Calgro M3 to new heights as FD
CFO Riaan Davel explains how DRDGold hopes to reverse a legacy of bad mining
South African Kim Cotter becomes first female CFO for Don Sebastiani & Sons
Risto Ketola nominated for 2022 CFO Awards
Is IFRS9 giving Excel spreadsheets the boot?
Oceana Group says goodbye to two top executives in less than a month
Overcoming financial “twisties” in a VUCA world
TUHF and Standard Bank social bond wins 2022 Deal of the Year award
CFO George de Beer unpacks Imperial Logistics’ key focus on reducing its carbon footprint
African Bank appoints CFO Gustav Raubenheimer as new group executive of data science
André du Plessis plans to “refocus” after 22 years as the CFO and co-founder of Capitec
How breaking a sweat has kept these 6 CFOs sane
Former finance minister Tito Mboweni returns to Goldman Sachs as regional advisor
CFO Jordaan Burger unpacks Sage’s new sustainability and society strategy in AME
Umgeni Water sees more executive changes with new CFO appointment
CFO Malcolm Smith revealed how Blackline has empowered Retailability through automation
Portia Mkhabela takes the lead at ACCA in South Africa
CFO Bradley Wentzel is shepherding Douglasdale Dairy’s unique ESG journey
Access Bank’s Chrisanthi Michaelides returns to CFO role following new CEO appointment
WG Wearne FD Norman Janse van Rensburg resigns
How Adrian Maizey went from pursuing a career in tennis to one in the coffee industry
Senwes CFO Corné Kruger believes increased repo rate could hold benefits for agriculture
3 CFOs share how they navigate supply chain challenges
Tiger Brands CFO Deepa Sita joins Datatec board of directors
Andrey Bogdanov unpacks how South African CFOs can improve their ESG maturity
Understand the evolving Initial Public Offerings market with AIF’s new IPO course
Sirius Real Estate appoints Diarmuid Kelly as new CFO
EPPF appoints Thandie Mashego as new CFO
eThekwini Municipality CFO Sandile Mnguni takes on debt officer role
3 CFOs unpack the challenges and opportunities the property industry faces
FD Arno Daehnke reveals the new future-ready Standard Bank
Avatar Agency appoints Mzamo Xala as new CEO
New funding allows CompariSure to reshape online interactions, says CFO Matt Kloos
5 CFOs unpack the importance of stakeholder management during crisis
Standard Bank acquisition of Liberty a “win-win”, says Liberty FD Yuresh Maharaj
Supply chain disruptions provide market growth opportunities, says CFO Ridwan Gany
Kyle de Matteis to step in as Sabvest Capital’s new CFO
9 Questions for Risto Ketola around resetting and reinventing Momentum Metropolitan
Top international headlines: Microsoft and the metaverse
Eskom CFO Calib Cassim calls for interventions to assist industrial customers with tariff hike
Capitec plans to reward long-term employees with shares, says CFO André du Plessis
CFOs discussed the true mark of a leader during 2021 Finance Indaba Conversations
CFOs explore how tough decisions and good business often go hand in hand
CFOs reveal that people and technology should have a symbiotic relationship
Richard Rivett-Carnac proud to lead the SAB team as its new CEO
Develop a framework for understanding the impact of new technologies and how to leverage them
Nominate the CFOs that inspire you most to be recognised at the 2022 CFO Awards
CFO David Chadinha creating opportunity in chaos
Burton Naicker steps into role of MiWay’s new CEO
Vivo Energy CFO Doug Lafferty steps down to take on new role as Aston Martin Lagonda CFO
Top international headlines: World Bank sees slower global growth
Cheryl-Jane Kujenga takes on dual CFO and interim CEO role at Ascendis Health
CFO Richard Knight says the acquisition of ATG marks a strategic step forward for Smollan
Angela Pillay resigns as Sasfin financial director
Umbrella funds cut costs to grow retirement savings
Capitec co-founder, CFO and FD André du Plessis retires
Mteto Nyati in search of a new challenge, steps down as Altron CEO
Vedanta Zinc CFO Pushpender Singla joins Minerals Council South Africa board
Being the CFO of Hyundai is a car fanatic’s dream come true, believes Thinus Venter
Alteryx joins Finance Indaba Network
Harnessing the power of talent delivers high-quality services, believes Kiveshen Moodley
Charles Molapisi steps in as new MTN South Africa CEO
Masslift Africa’s commitment to uplifting South Africa sees it reach B-BBEE level one status
Lessons for success and caveats for the unwary social media traveller
Wescoal Holdings sees impressive level of cash generation, says CFO Jubilant Speckman
CFO Rob Aitken is proud of the progress on Tongaat Hulett’s turnaround strategy
CFOs who became CEOs: making a smooth transition
From loss to profit: companies that have managed to bounce back this year
The interesting hobbies and activities your favourite finance leaders do to unwind
CFOs kept the conversation going to share ideas and build community
Sustainability, the way of the future
The top M&A news that dominated headlines in 2021
Top insights on trusting your brand, growth and emotional intelligence
Companies that overcame Covid-19 challenges to achieve outstanding results
Five lessons on building better digital platforms
2021’s Finance Indaba Conversations gave finance leaders a space to learn and share
Rebuilding reputations – CFOs who’ve set their businesses on a new path
CFOs advocating for technology
Empathetic CFOs, taking a people-first approach to finance
NGO auditing and audit firms’ business models under the spotlight
CFOs who go beyond the numbers and make a difference to people
Naeem Kola excited to join Net1 during a transformational period for the business
In 2021, the finance scene was treated to virtual safaris, fine dining, and awards
Nedbank lists green residential bond on the JSE
AVI Group bids farewell to Owen Cressey and welcomes Justin O’Meara as its new CFO
Cyber-attacks and data breaches rank first on the top 10 risks of 2021
Netcare lists on A2X Markets
Top international headlines: Full global recovery expected in 2022
Herman Bosman and Jan Hofmeyr resign from Hastings board as sale looms
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