Your source for the latest news, expert insights and interviews.
Laren will serve as acting CFO until Hulamin has appointed a permanent CFO. Astral Foods CFO Daan Ferreira will be the central contact person during Chris Schutte's absence. Developer of Software solutions for finance professionals, CaseWare Africa has joined Finance Indaba Network. The business rescue plan will see a consortium invest fresh equity of R500 million into Comair. Disruptive technology investor, Kalon Venture Partners, has signed up for Finance Indaba Network. Workday's Tom Bogan: Planning is a fundamental part of the path forward for businesses. 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' has had to tightly manage working capital, cut back on discretionary costs and more. For Anton, heading up finance at Shoprite during Covid-19 and IFRS 16 has been ‘interesting’. The latest BankservAfrica index reported a "curiously high" number of people not getting a salary. Francis will be taking over from current CFO Lizette Smith with effect from 1 October. Analytics consultancy company Dimago Data Analytics has signed up for the Finance Indaba Network. 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. Restrictions on international travel and social or business gatherings will ease from 21 September. Automation cloud software provider BlackLine has joined the Finance Indaba Network. Sage CFO 3.0 reveals: The crisis demands that CFOs find ways to ensure the business is sustainable. Interim CEO Christine Ramon: AngloGold Ashanti well-positioned to deliver better returns. CFOs need to ensure investments align with the business outcomes and overall strategy. Nonkululeko says recent events are in direct conflict with her initiative against racism and prejudice. Shoprite CFO Anton de Bruyn married Zyla four days after she wrote her final honours exam. JAM CFO reveals CFOs need to understand the difference between a fixed and a growth mindset. CEO Thomas Pays says Kalon's investment will enable Ozow to help South Africa transition into a cashless society. Despite Covid-19, Harmony has reported high production in the last quarter of its 2020 reporting year. Mpumi Madisa has been appointed as Bidvest's new CEO, taking over from retiring Lindsay Ralphs. Maphefo Sedite will be taking over from acting CFO Beverly Bokaba as Innovation Hub's new CFO. 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 Consulting Africa CFO Aneshree Naidoo returned to work from maternity leave during Covid-19. CFO Riaan Davel: One good thing that came from Covid-19 was a favourable gold price environment. After 14 years leading the group, Mark Rayner has resigned as CEO to pursue other opportunities. Net1 is looking to take advantage of some of the emerging trends in electronic payment methods. African Bank has entered into a R8 billion support arrangement with its shareholders. Nedbank CIB reveals CFOs need to take a more holistic view of longer-based tender facilities. Most CFOs agree that their purpose is making a difference to the world around them. How Workday brought continued improvements and efficiencies to closing the books during Covid. Herman Singh will step into the role of independent non-executive director from 25 September. Consumers' digital adoption enabled FNB to produce a resilient performance during difficult circumstances. The business model has helped Aspen Pharmacare remain in full operation throughout Covid-19. Johann le Roux will serve as the acting CEO of Zeder for an interim period starting 1 October. CA Clarissa Appana will serve as an independent non-executive director of Sygnia. CFO Risto Ketola: The strategy put us in a better position to handle the impact of the Covid-19 pandemic. Isaac Malevu will be taking over from Gert Gouws, who has been serving as the IDC's interim CFO. Greg Chen: Brands can now develop hyper-personalised digital engagement over SMS. Brett and Candice Tromp went the CA route together, believing the qualification would open many doors. redPanda Software CEO Gareth Hawkey: We can't apply old ways of doing things to new problems. The company saw significant improvement after the sale and unbundling of its food division. 2017 CFO of the Year Till Streichert set to take over from exiting Amadeus CFO Ana de Pro. Brett Botten will be taking over from Graham O'Connor, who will become chairperson in March 2021. CFO Meroonisha Kerber: Implats has had to navigate through the increasing complexity of Covid-19. Join the gamified virtual Finance Indaba and boost your knowledge, network and career. 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. Hennie says that there’s a huge amount of change and vibrancy in the Santam business. The suspension follows allegations against the UIF of fraud and mismanagement of relief funds. Lee-Anne will be taking over from long-serving Perseus CFO Elissa Brown as of 1 November. First National Bank takes first place for the first time with a brand value of $2.795 billion. CFO Dorette Neethling says that Adcock remains in a healthy financial position despite Covid-19. Colleen Backstrom explains how marketers can use neuromarketing to build familiarity. Kennedy Chinganya, Altron Nexus FD, says education has been a game changer in his life. Claudelle von Eck: When it comes to ethics, leaders need to put their money where their mouth is. Ashley has resigned as UCT executive director of finance to focus on newly founded Safricang Group. Ian has taken over from Christine Ramon, who has been appointed as interim CEO. i9 Partners co-founders Rosh Segal and Laurence Milner go beyond the requirements of IFRS 9. Sage's Gerhard Hartman will be giving practical tips for CFOs to prepare for the future. CFO Norman Basthdaw expects recovery of the hospitality industry will lag after Covid-19. SA public service entities are under pressure to contain costs and enhance their spend capabilities. Sage's Pieter Bensch: All the digital trends that were at play before the pandemic have accelerated. CFOs Jaco and Elmarie Martiz found love in the general office for article clerks at KPMG. Nedbank's Mike Brandon reveals how companies can use supply chain finance to manage Covid-19. Grathel will help to navigate the company through the Covid-19 impact as of 1 September. FD Abigail Mukhuba: The financial year was challenging, particularly around the onset of Covid-19. Dineo Molefe takes over from Sugentharan Perumal, who served as MTN South Africa acting CFO. Sugen will be taking over from Ralph Mupita, who has stepped into the role of MTN group CEO. Ruwayda will be taking over from Trevor Brown as chair of the board with effect from 1 September. 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. CFO Rob Aitken: These past 18 months have been the most challenging in Tongaat's recent history. CFO Riaan Koppeschaar: Strength and resilience resulted in positive operational and financial results. To improve the liquidity of the group, Distell has temporarily suspended the payment of dividends. CEO Bernard Berson says annual results show demand in spend sectors improved in June. Nolukhanyo Makuni, director at CN Outsourced Finance, explains the payment terms of PAYE deferral. CFO Tatenda Bundo says AYO has learned a lot from the agreed-upon procedures engagement. In an exclusive interview with CFO.co.za, Raisibe says she's looking forward to Vodacom's youthfulness. The search for new executives follows former CEO Kingsley Makhubela's allegations of corruption. CFOs agree that auditors need to adapt their processes to the new virtual world brought on by Covid-19. Workday's Edward Bass and Brian Montgomery will explain how finance has to continuously transform. ACCA-qualified Innocent Gumbochuma runs his public sector organisation with a strong private-sector orientation. Panel of experts agrees that the lines between CFOs' and CEOs' roles are increasingly blurring. Marelise will be taking over from CFO Shaneel Maharaj as interim CFO with immediate effect. Raisibe will be taking over from exiting Till Streichert as Vodacom group CFO with effect from 1 November. Jubilant will be taking over from exiting Izak van der Walt, who is leaving to pursue other interests. Mike Davis has been appointed CFO-designate and will take over as CFO from 1 October. Exiting CEO Nick Holland: Gold Fields has managed to limit the impact of Covid-19 on production. Jason Quinn: Absa's capital and liquidity levels are strong and will allow us to support our customers. Stronger growth in trading income helped offset these impacts as Covid-19 restrictions were eased. The former Transnet and Eskom CFO was found guilty of 12 charges by SAICA. Steve Cox suggests that organisations will realise their new mission, with the help of technology. 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. Wikus's appointment will support Sanlam's reviewed strategy with effect from 1 October 2020. Hatch Africa FD Craig Sumption's has developed a deep sense of responsibility and accountability. Mango CFO Marelize Labuschagne and CEO Nico Bezuidenhout have both resigned. CFO Rui Morais: There comes a point where you have to consider the potential reputational damage. Nontobeko has been appointed as a non-executive director to the Sasfin board as of 19 August. Some of SA's top CFOs explored the challenges facing the country, and then shared solutions. Mike Brandon and Lloyd Caughey explain how CFOs can mitigate the risk of disrupted supply chains. The question is whether the illegal cigarette and alcohol channels are here to stay, says Mark. The direct profit impact of the pandemic on projects during the year is estimated at R622 million. CFO Prinisha Khoosal: This unprecedented time calls for high quality and a mindset of change. MTN has announced that Ralph will be taking over from exiting CEO Rob Shuter from 1 September. Karien will be responsible for assisting the finance team with financial operations, like reporting. 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. Talib will be taking over from exiting group CEO Danie du Toit with immediate effect. Oracle VP Steve Cox details the impact of digitisation on businesses' survival during Covid-19. Zaida will be taking over from exiting Jenna Sprenger with effect from 1 December. Herman Singh: Corporate organisations of the future need to act like a boxer who can box on either foot. Laila says it's important for young women of colour to take up significant positions in corporate SA. Tim says this is part of a new streaming platform that will include content from international players. Rhett helped found King Price Insurance in 2012 and has been instrumental in its growth. Social Development MEC Nonhlanhla Khoza said disciplinary action was recommended for PPE procurement irregularities. CFO Michael Wood says Fagerhult to focus its investments on more attractive growth opportunities. Nick will be responsible for aligning the financial operations with the strategic goals of the business. Marketers Community Conversation hears how the new 'It can be' slogan came about.Hulamin appoints Laren Farquharson as acting CFO
Astral Foods CEO Chris Schutte hospitalised after motorcycle accident
CaseWare Africa joins Finance Indaba Network as Gold Partner
Comair's new business rescue plan approved
Kalon Venture Partners sign up for Finance Indaba Network as a Silver partner
Webinar to reveal how CFOs can use planning to their advantage during Covid-19
Finance flash: the TOP-10 articles of week 38, 2020
Woolworths's focus on generating and preserving cash improves liquidity
How early challenges prepared Shoprite CFO Anton de Bruyn for Covid-19
Take-home salaries fell by 35 percent in July 2020 compared to 2019
Namibian-based Oryx Properties appoints Francis Heunis as new CFO
Dimago Data Analytics joins Finance Indaba Network as a Silver Partner
Ashley Franics making memories during lockdown
Five changes for businesses as South Africa moves to Covid-19 Alert Level 1
BlackLine joins the Finance Indaba Network as a silver partner
CFOs believe finance technology will help them unlock new levels of opportunity
Harmony Gold concludes acquisition of AngloGold Ashanti's SA assets
Financial professionals are taking on a new role: delivering the digital value story
Nonkululeko Gobodo resigns as Clicks non-executive director
Finance in the family (Part 3): Love at first stock count for Anton and Zyla de Bruyn
JAM's Nico Esterhuizen: Your mindset determines your leadership style
Beyond cards and cash: How EFT payments are taking over e-commerce
Harmony Gold sees 9 percent revenue increase due to increased gold price
Mpumi Madisa to become Bidvest CEO from 1 October 2020
Innovation Hub appoints Maphefo Sedite as new CFO
Finance flash: the TOP-10 articles of week 37, 2020
Deloitte's Aneshree Naidoo on integrating motherhood, wellness and leadership during a pandemic
DRDGOLD declares R1.562 billion operating profit due to high gold prices during Covid-19
MultiChoice South Africa CEO Mark Rayner resigns
CFO Alex Smith: Net1 to scale up South African business
African Bank CFO Gustav Raubenheimer: Shareholder support to help manage funding
CFOs should ask themselves what's more important, the liquidity or the margin?
CFOs discuss the power of bringing their purpose to work
Webinar reveals that live reporting can save you time when closing the books
Herman Singh joins Telkom board as independent non-executive director
Digital adoption improves FNB resilience during Covid-19
Aspen Pharmacare's effective business model proves resilient
Zeder Investments appoints CFO Johann le Roux as acting CEO
Sygnia appoints CA Clarissa Appana to board
Momentum Metropolitan's Reset and Grow strategy was "the right strategy at the right time"
Isaac Malevu appointed as new IDC CFO
Mobiz CEO Greg Chen reinventing SMS marketing
Finance in the family (Part 2): From highschool sweethearts to CAs
Looking through 'Covid-eyes' to support and reimagine the workplace
Luxe Holdings on road to recovery as profit improved by R55.2 million
Former Vodacom CFO Till Streichert appointed as CFO of Madrid-based Amadeus
Spar appoints Brett Botten as new CEO
Implats reports record headline earnings despite Covid-19 challenges
Finance Indaba relaunches as Finance Indaba Network on 15 October
Finance flash: the TOP-10 articles of week 36, 2020
Santam CFO Hennie Nel on always chasing change
Labour and Employment Minister suspends UIF CFO and management team
Australian Perseus Mining appoints South African Lee-Anne de Bruin as new CFO
FNB named South Africa's most valuable brand in BrandZ Top 30
Adcock Ingram benefits from Panado and Adco-Hygiene sales in 2020 year-end results
Marketing Conversation reveals advertising should be built around trust
ACCA qualification has made Kennedy Chinganya think like an entrepreneur
CFO Community Conversation: Ethical leadership is more than just a lip service
Ashley Francis realises his dream of becoming an entrepreneur
AngloGold Ashanti appoints Ian Kramer as interim CFO
Webinar to reveal how to calculate expected credit losses during Covid-19
Webinar to reveal how CFOs can equip themselves for an age of digital change
Sun International positioned for sustainable recovery post Covid-19 lockdown
Supporting government efforts for improved spend managements
Eight elements a company needs to consider as it grows in size
Finance in the family (Part 1): Growing together from article clerks to CFOs
Nedbank CIB delivers a survival guide for supply chain finance
Grathel Motau appointed as Thebe Investment Group's new group FD
Diversified commodities pay off in African Rainbow Minerals' 2020 year-end results
Dineo Molefe appointed as MTN South Africa new CFO
MTN Group appoints Sugentharan Perumal as acting group CFO
Deloitte Africa appoints Ruwayda Redfearn as new board chair
Finance flash: the TOP-10 articles of week 35, 2020
Tongaat Hulett releases results after financial management overhaul
Exxaro Resources sees revenue increase due to consolidation of energy revenue
Distell has lost R4.3 billion in revenue due to Covid-19 restrictions on sale of alcohol
Bidcorp focuses on "new normal" as activity levels return to 85 to 90 percent
Additional measures to assist employers in providing financial stability to employees
AYO strengthens governance after JSE fine of R6.5 million
Raisibe Morathi reveals what drove her to accept the Vodacom CFO role
Brand South Africa on the hunt for new CFO and CEO
CFOs share their virtual audits tips and tricks in CFO Community Conversation
Workday webinar to reveal the playbook for smart finance
Innocent Gumbochuma: The 'finance truth-teller'
Sage reveals: CFOs need to collaborate within organisations to remain resilient
Delta Property Fund appoints Marelise de Lange as interim CFO
Raisibe Morathi appointed as Vodacom group CFO
Wescoal appoints Jubilant Speckman as acting group CFO
Raisibe Morathi experiences 'mixed emotions' as she steps down as Nedbank CFO
Gold Fields has benefited from soaring gold prices and CEO Nick Holland retires
Group FD Jason Quinn says Absa revenue remained resilient despite Covid-19 impact
Nedbank remains profitable despite impairments amid Covid-19 fallout
Anoj Singh's CFO Awards from 2014 and 2015 revoked
Oracle's Steve Cox reveals that Covid-19 has accelerated digital transformation
Finance flash: the TOP-10 articles of week 34, 2020
Sanlam Group appoints acting CFO Wikus Olivier as group executive of strategy
Hatch Africa FD Craig Sumption has been a leader since high school
Mango CFO Marelize Labuschagne steps down
Dis-Chem withdraws appeal after being compared to PPE corruption scandal
Sasfin appoints Wiphold group CFO Nontobeko Ndhlazi to board of directors
What SA is doing wrong and how to put it right, with BLSA's Busi Mavuso
Nedbank CIB provides supply chain finance survival guide in CFO SA Webinar
CFO Mark Godfrey says Spar "happy" to resume cigarette and alcohol trades
Murray & Roberts FY2020 results significantly impacted by Covid-19
Bridgestone South Africa appoints first female CFO
Ralph Mupita plans to drive growth as new MTN Group CEO
Sasfin appoints Karien Jones as COO of group finance
Finance flash: the TOP-10 articles of week 33, 2020
Denel appoints Talib Sadik as interim group CEO
Find out how you can accelerate your digitisation journey in upcoming Oracle webinar
Investec Property Fund appoints Zaida Adams as new CFO
Ambidextrous organisations: Creative and agile, yet rigorous on risk and execution
Equites CFO Laila Razack: Representation matters
MultiChoice CFO Tim Jacobs explains thinking behind Netflix and Amazon Prime integration
King Price Insurance promotes CFO Rhett Finch to deputy CEO
Department of Social Development in KZN suspends officials, including CFO
Fagerhult Group plans to exit South African business
South African Nick Barry to drive growth as new CFO of Ireland's Allergy Standards
Standard Bank CMO Thulani Sibeko explains new brand promise
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