Your source for the latest news, expert insights and interviews.
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. Afine believes markets will be receptive to the low-risk investment amid struggling retail and office real estate. The paper plans to promote transparency and good governance for listed companies on best practice. The gold producer’s shares will become available for trade on A2X from 13 December. Stephen Kreusch explains that cybersecurity is becoming less of a cost centre in data-centric organisations. Raluca Buzuleac will be taking over from CFO Irina Girgore, who was appointed as deputy CEO. Deon Smith looks back at the 2021 financial year ahead of Thungela Resources’ annual results. The win comes after Eskom filed an urgent appeal for Nersa to review its revenue application for FY2023. Clarissa’s ability to channel her sense of adventure within any sphere she occupies has led to new opportunities. Sam Moodley succeeds Antoinette Basson as SA Corporate Real Estate’s CFO. Veeam’s Chris Norton says CFOs have the opportunity to fast-track their organisations’ digital transformation. Riaan explains that liquidity management and the health and safety of employees remains top priority. Global airlines continue to face virus headwinds, the US threatens economic sanctions on Russia and more. Tavaziva Madzinga will be succeeding Lizé Lambrechts as Santam’s new CEO. The group has reported a net profit of R189 million following the disposal of PPC Lime and Botswana Aggregates. Pat Semenya explains that to save lives and the economy, we must pick up the pace of vaccination. The group has seen growth in its operating income and across its various revenue streams for the year. Malcolm Noriskin will be succeeding Dale Sinnott as the CFO of Australia-based RPM Automotive Group. Sound financial management helps to ensure the survival and resilience of an organisation, says Soraya. The group has risen to the challenges of toughened environments and reported a revenue of R575 million. Netcare saw a nine percent profit margin for hospital and emerging services, and over six percent for primary care. Liquid Intelligent Technologies CFO Sandile Ntsele on finding success in new territories. The group has seen a strong demand for its products and services across its mining and agriculture businesses. India plans to ban private cryptocurrency, Turkish lira tumbles after interest rate cut, and more. Euan McNeil will take over from Andrew Stark as the MD of Flight Centre Travel Group’s South Africa region. Dumisani plans to guide the conservation authority to a full revenue recovery after the Covid-19 impact. Barloworld has more than doubled its operating profit for the financial year and resumed its dividend payments. Agile Capital’s Liz Kolobe says a successful management buy-out needs a CFO who can adapt to new business. Corrie Verburg has been appointed as the new CFO for cloud technology solutions company BlueSky. The investment holdings group plans to shift its focus to school fee income initiatives during 2022. Panellists discussed how CFOs need to leverage technology to future-proof the finance function. David has been appointed as the CFO of EV Cargo’s Global Forwarding and Technology division. Sheldon, who was recognised during the 2021 CFO Awards, will join SA Taxi in 2022. Leon will be taking over as New Frontier FD from Richard Bolleurs, who has resigned due to ill health. Ian Putter reveals that the blockchain swell is getting bigger, with Standard Bank and Deloitte getting involved. Lucas Ndala believes that, during times of change, people have to consider what legacy they are building. Corporate set-up and hosting have been penetrated over and over again, with cyber-attacks increasing. Eftsure’s Ryan Mer explains that opportunity cost is greater than the risk of a cybersecurity attack. Uncertainty ahead for the world economy, Amazon cuts of Visa credit cards and more. Corporate Traveller GM Oz Desai says agility is at the heart of the travel industry’s rebound. During the 2021 CFO Awards, Dr Adriana Marais explained the importance of resource management. Trust in blockchain will build as more use cases become available, says Standard Bank CFO Arno Daehnke. Eight outstanding CFOs scooped top honours at the stunning gala dinner held at the Inanda Club. South Africa’s leading finance professionals were celebrated at the spectacular 2021 CFO Awards. Lauren Wortmann explains that Dimension Data is inspired by CFOs who partner with IT to drive business value. Partner at Moore Durban says big data analytics and value-add are the future of audit. OneStream’s Pieter van Zyl says it takes a village for any organisation to perform at its best. Jurgens explains that Mediclinic has seen a return to pre-pandemic level revenues in the last six months. At a CFO Dinner in Stellenbosch, execs shared learnings and discussed how they are moving forward. Ruwayda says she is enthusiastic about being at the forefront of change in the audit profession. Fikile Mhlontlo found a new purpose when tasked with returning SAA to the skies as its interim CFO. Working out when to call an end to a system – and embrace the benefits – is up to the CIO ànd CFO. GE will split into three to focus on aviation, China factory gate inflation hits 26-year high, and more. The pulp and paper company reported a profit of $13 million for 2021, after a $135 million loss in 2020. Automation holds the promise of real value for finance leaders and their departments – provided best practice is followed. Workday’s Kiveshen Moodley explains that CFOs’ adaptability is key to ensuring any organisation’s success. Cape Town CFOs appreciated the opportunity to gather, share and unwind after a long 20 months. KZN CFOs gather for conversation about community and crises at The Oyster Box. This International Accountants Day, we celebrate the CFOs who have redefined the accountancy role. Experienced non-executive director says audit committees play a key role in demonstrating credibility to shareholders. Thabo’s appointment as FD will see him relinquish his role as an independent non-executive director. Tatenda steps into the role of interim CFO, allowing Peter Saungweme to focus on the CEO role solely. iOCO CFO Jo-Ann Pöhl highlights how e-wallets have already formalised the concept of decentralised money. Accenture’s Dzingira Matenga explains that good compliance and governance can add value to any organisation. Workday's Fred Portal unpacks how Covid-19 has forced organisations to accelerate their digital transformation strategies. Having always had a passion for the medical industry, Olivia says being the CFO of Allergan is her dream job. Chris Booyens has reached his compulsory retirement age and will step down in January 2022. Elon Musk is willing to donate billions to end world hunger, finance chiefs face climate activists at COP26 and more. Afrimat’s three business segments saw a return to pre-Covid-19 volumes of operation. Clive Potter says to recognise a CFO who has the same vision as Standard Bank is a great opportunity. The group has reported a 5.4 percent decrease in revenue, but expects it to improve as the market recovers. The CFO explains that the new model will be offset by savings in network capex, lease payments and more. David Hamilton says it's important for CFOs to keep up with the pace of change globally and regionally. Chris Jansen van Rensburg will be taking over from Sandarie le Roux as Acsion’s executive FD. The CEO of the Institute of Internal Auditors South Africa says audit should be a civil service. Standard Bank’s Ian Putter reveals that blockchain could be key to inclusive trade and business growth in Africa. Omnia has sold 90 percent of its stake in Umongo Petroleum as part of its new turnaround strategy. Having grown up on a farm in Villiersdorp, Etienne tries to take a very pragmatic approach to his work. Mark has always had an entrepreneurial spirit, from selling caps on the beach as a child to now building a megacity. Dries will step down from the FD role in January 2022 to pursue other interests outside Newpark REIT. China rations diesel amid supply constraints, Nigeria launches Africa’s first digital currency and more. The asset management company has decided to part ways with More following “severe allegations”. The technology services group has reported a R1.3 billion loss in 2020 to R150 million profit in 2021. Sandile explains that his move is about delivering value beyond banking to the business segment. John King passed away on 4 October, at the age of 61.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
Afine Investments begins trading on AltX REIT sector
JSE launches Sustainability and Climate Disclosure Guidance consultation paper
Pan African Resources to list on A2X Markets
How can CFOs ensure cybersecurity delivers value?
MAS Group appoints Raluca Buzuleac as deputy CFO
CFO Deon Smith proud of Thungela Resources’ solid results in just a short period of time
Eskom wins tariff battle against Nersa
Clarissa Appana shares how she went from a cadet pilot to the CFO of Lafarge
SA Corporate Real Estate appoints Sam Moodley as new CFO
What CFOs need to know about Kubernetes and containerisation
FD Riaan Koppeschaar provides insight into Exxaro Resources’ year-end results
Top international headlines: Omicron shows its upside and downside
Santam appoints Tavaziva Madzinga as new CEO
PPC continues to deliver on promise to degear its balance sheet, says CFO Brenda Berlin
IRMSA welcomes call to accelerate Covid-19 vaccine administration, says CEO Pat Semenya
Tiger Brands making progress to position itself for long-term growth, says CFO Deepa Sita
RPM Automotive Group appoints South African Malcolm Noriskin as CFO
Inyathelo FD Soraya Joonas’s budgeting tips for resilient non-profit organisations
Premier Fishing and Brands builds on resilience of 2020, says CFO Brent Roberston
Netcare CFO Keith Gibson says improved trading profit margins have been encouraging
CFO Sandile Ntsele shares his lessons in navigating emerging markets
Omnia sees revenue growth in face of challenging environment, says CFO Stephan Serfontein
Top international headlines: Covid continues to wreak havoc with global supply chains
FCTG CFO Euan McNeil to take on MD South Africa role
CFO Dumisani Dlamini promoted to SANParks acting CEO
Barloworld driving intrinsic value, says CFO Nopasika Lila
CFOs play a critical role in management buy-outs
Corrie Verburg says digital financial transformation is a passion point in new CFO role
Trematon sees more revenue contribution from school fee income, says CFO Arthur Winkler
CFOs are evolving from historians to surgeons, thanks to technology, webinar reveals
Hong Kong-based EV Cargo appoints South African David Edley as new divisional CFO
Sheldon Friedericksen resigns as Fedgroup CFO after Young CFO of the Year win
New Frontier Properties appoints Leon Thompson as its new FD
Special feature (Part five): Blockchain – Time to jump in or wait and see?
BCX CFO Lucas Ndala leaving a legacy
Be practical with finance digitisation, webinar reveals
How to address the multi-faceted cybersecurity challenges CFOs face
Top international headlines: JPMorgan sues Tesla for flagrant breach of contract
How the travel industry is building back better
CFOs learn that in order to solve issues on Earth, we need to look off-world
Special feature (Part four): Blockchain – It’s a question of trust
South Africa’s leading CFOs honoured at dazzling 2021 CFO Awards
The Auditor-General’s Bongi Ngoma named CFO of the Year 2021 in a first for the public sector
Dimension Data pays homage to CFOs who embrace technology at 2021 CFO Awards
Audit is here to stay, but needs to evolve, says Tarryn Pedlar
OneStream cheers CFOs who build high-performing teams at 2021 CFO Awards
Demand for healthcare services drives growth for Mediclinic, says CFO Jurgens Myburgh
Exceptional opportunities are emerging in the wake of the Covid-19 pandemic, say CFOs
Deloitte Africa appoints Ruwayda Redfearn as first female CEO
Why SAA's interim CFO Fikile Mhlontlo is the man for the job
There is value in the CIO-CFO tech collaboration
Top international headlines: COP26 sees deal to end fossil-fuel vehicles by 2040
Sappi’s return to profitability a result of strong demand recovery, says CFO Glen Pearce
Automation and the immense cost benefits it can deliver to CFOs
Workday shines light on CFOs who have successfully adapted at 2021 CFO Awards
Finance execs discuss courage, prioritising people and work-life balance at CFO Dinner at Tryn
CFO Dinner celebrates the good, the bad and the funny of twin crises
These CFOs are more than just accountants
Kholeka Mzondeki says influence comes with privilege and should be used for good
Pembury Lifestyle Group appoints Thabo Tshepuwane as new FD
JSE-listed Arden Capital appoints Tatenda Maponga as interim CFO
Special feature (Part three): Blockchain – Decentralisation is already here
Accenture backs “good governance” at 2021 CFO Awards
Covid-19 has catapulted CFOs to the digital leaders of business
CFO Olivia Serithi says medicine is in her blood
Ellies Holdings CFO Chris Booyens retires
Top international headlines: Musk accepts R92 billion challenge to end world hunger
Afrimat experiences exceptional growth, says CFO Pieter de Wit
Standard Bank recognises CFOs who see opportunities in Africa at 2021 CFO Awards
Impact of Covid-19 on clients reflects in Adcorp results, says CFO Noel Prendergast
Cell C’s Zaf Mahomed says new operating model will prove beneficial in the longer term
Coupa Software acknowledges CFOs’ work to transform and adapt at 2021 CFO Awards
Acsion appoints Chris Jansen van Rensburg as new FD and CFO
“Are these the auditors we want?” asks Julius Mojapelo
Special feature (Part two): Blockchain – From blood diamonds to digital identity
Umongo Petroleum not part of Omnia’s sustainable future, says FD Stephan Serfontein
CFO Etienne le Roux’s simplified approach to Metropolitan Retail’s “Reset and Grow” strategy
Mark Scop is a serial entrepreneur who isn’t afraid to roll up his sleeves
Newpark FD Dries Ferreira hands in resignation
Top international headlines: China struggles with fuel supply
The PIC terminates now-former CFO Matshepo More’s employment contract
Doing good business pays off as EOH goes from loss to profit, says CFO Megan Pydigadu
Sandile Shabalala to step in as new Sasfin Business and Commercial Banking division CEO
Former EOH group CFO John King passes away
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