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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. CFO Brett Clark says, as a result, the company has generated R700 million of cash from operations. Jowayne believes using empathy economics during this time will deliver better results. The PPS CFO emphasises that, to succeed, women need to be passionate about what they do. 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. The new process has been introduced after shareholders expressed interest in saving the bank. Dube, who has been appointed by Tito Mboweni, will serve in the role for a period of three months. Morris applies the same passion and intentionality he has for food, wine and the outdoors to his work. Inyathelo FD Soraya Joonas urges NPOs and universities to take time to explore the CARES Act. Thabiso joins Altron Bytes from Adcorp Group, where he served as group finance executive. RMI CEO Herman Bosman: The venture is an investment to target the UK home insurance market. Alex will be taking over from exiting Herman Kotzé until a permanent CEO has been appointed. Inge Walters discussed the internal barriers that keep women from achieving success. EOH's Megan Pydigadu reveals that you can earn anyone's respect by being your authentic self. Asathi will be taking over from Isabeau King, who has resigned as the company's CFO. Brandon will be replacing former executive director of finance and administration Tsu Mhlanga. SAP Concur Africa's Angelique Montalto shares five tech trends that give back to your company's finances. Angelique Montalto: Companies aren't relieved of their duty to care for the wellbeing of their employees. Here are four ways businesses can deal with today's uncertainty through improved spend management. JAM CFO Nico Esterhuizen says the best time to choose personal growth is today. Rammalane's resignation has resulted in the delay of the company's results for February 2020. SAB VP of finance Andrew Murray: Cancellation is a direct consequence of losing 12 trading weeks. V&A Waterfront plans to develop a R63 million multi-use facility says CFO Narriman Taliep. "If you come forward and help us, you are helping the system work," Freeman said. The integrity commission has asked David to step down for involving the Hawks in a family dispute. Shaik and three associates allegedly defrauded the Coastal KZN TVET College of R30 million. Omnia's Stephan Serfontein on implementing a turnaround strategy while stepping into FD role. The proceeds of the offerings will go to future merger and acquisitions activity. Rob will be taking over from Gerry McQuade as BT Group's enterprise unit CEO in March 2021. CFO Andile Dyakala alleges that management had awarded 16 "irregular" tenders worth R62 million. Christine's appointment as interim CEO comes after the resignation of Kelvin Dushnisky as CEO. Jaco has withdrawn his resignation at the same time as CEO Andrew McLachlan steps down. CFOs discuss the importance of collaborating in order to survive during CFO Community Conversation. Join an executive panel of experts in an exclusive Sage virtual event about the shifting role of the CFO. Businesses need to apply data analytics, expertise and timely action to survive the "wild landscape". Yolande says the SABC plans to reach a point where it won't be dependent on government bailouts. Group CFO Megan Pydigadu says the EOH management team remains committed to transparency. CFO Jurgens Myburgh: Mediclinic Southern Africa's revenue continues to be impacted by Covid-19. Covid-19 shockwaves force leaders to rethink how tax risks are managed and tax practices are run. CFO Pieter de Wit says that diversifying beyond construction has helped Afrimat to survive. CFOs from different sectors will be sharing their stories of success in innovating on 30 July. Peter will be taking over from acting CEO Pieter van der Westhuizen with effect from 1 September. Oracle webinar reveals how scenario modeling can help companies achieve success during a crisis. Auvasha Moodley leads on the dancefloor as she does in life; with elegance and determination. Cash flow generation of the company improved in the first quarter of its 2021 financial year. Ferdie joins Experian from Standard Chartered, where he served as COO for seven years. Tariff reductions and remote working resulted in an increase in mobile traffic, says CFO Sitho Mdlalose. CFO Paul Victor says that the sale of these assets can assist Sasol in paying down its debt. This comes after Zeder sold part of its stake in Quantum to Astral competitor, Country Bird Holdings. CFOs discuss the importance of supporting society while ensuring the survival of their organisations. None of the participants of the BER survey regarded business conditions as satisfactory. SARS commissioner Edward Kieswetter says that some businesses "may never come back". Technologies like central management systems allow for more effective insurance claims cost control. Hajra will be taking over from interim CFO Trevor GIles with effect from 1 November. Adventurers Kingsley and Ross Holgate retire Land Rover Discoveries and move into Defenders. The Land Rover Defender is clever, capable and safe for all the family, and in a category of its own. UCT GSB's Timothy London looks at what works and doesn't work if leaders are to ensure relevance. Danie's resignation comes after Denel announced a widened loss to R1.75 billion. Growthpoint Properties wins IAS Excellence in Financial Reporting and Communications Award 2019. Pierre will step down from the role of CEO in December, after 38 years with Spur Corporation. She was under pressure to deliver life-saving gases, but denied her respite of running during lockdown. The share price spike has made nCino one of the most successful listings of the year so far. This follows a forecasted 10 to 13 percent decline in distributed income and the impact of Covid-19. The airports have met the requirements set by SCAA to open for business travel. ECDC reports five employees tested positive for Covid-19, but two have now recovered. Sarah Kuijlaars looks forward to joining the diamond industry as De Beers's new CFO. Mark Godfrey and Ashley Francis share their leadership lessons from Covid-19 and lockdown. Bongiwe says TFG is fortunate that Covid-19 found the group with a strong balance sheet.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
Mpact incentive to focus on reducing working capital pays off
Jowayne van Wyk plans to tackle the challenges of Covid-19 as AEEI's new CFO
PPS's Tiffany Boesch shares seven steps for women to successfully manage their careers
Finance flash: the TOP-10 articles of week 31, 2020
SARB agrees with VBS shareholders on process and criteria for new banking license
Adv. Dube Tshidi appointed as Financial Services Conduct Authority commissioner
How having multiple interests gives KoneCranes CFO Morris Zack the edge
CARES Act helps South African NPOs and universities raise funds in the US
Thabiso Hermanus appointed as new Altron Bytes People Solutions head of finance
RMI enters joint venture with OUTsurance and Sampo to acquire Hastings Group
Net1 CFO Alex Smith appointed as interim CEO
Community Conversation reveals: Confidence is a woman's language to success
Women shouldn't try to be 'one of the boys' when leading organisations
Rebosis Property Fund appoints Asathi Magwentshu as acting CFO
Italtile appoints Brandon Wood as new CFO
5 tech trends that will strengthen your bottom line
Four things companies need to know about protecting employees during times of crisis
How tech can improve spend management and deal with uncertainty in your business
Use a personal development model to improve your professional leadership skills
Nutritional Holdings FD Rammalane Harry Monye resigns
SAB cancels R2.5 billion of R5 billion investment plan
New V&A Waterfront incubator aims to drive tourism industry, economy and job creation
SAICA CEO Freeman Nomvalo calls on professionals to help improve regulatory system
Deputy finance minister David Masondo asked to step down by ANC integrity commission
Investment firm CFO Zaitoon Shaik charged with fraud, corruption and money laundering
Omnia brought back to life and now on solid footing
Prosus raises more than $2 billion through oversubscribed debt offering
Outgoing MTN CEO Rob Shuter to join BT Group
Emfuleni municipality CFO accuses management of awarding "irregular" tenders
AngloGold Ashanti appoints CFO Christine Ramon as interim CEO
Pembury Lifestyle Group FD Jaco Labuschagne withdraws resignation
CFOs, in times of crisis, stop, drop and collaborate
Breakthrough finance: Presenting the Sage CFO 3.0 research
Bundu Bashing our way to a new business norm post Covid-19
SABC working on plan to be self-sustainable says CFO Yolande van Biljon
EOH management's turnaround efforts pay off as JSE suspends part of R7.5 million fine
Mediclinic Southern Africa's revenue down 12 percent on prior year
Covid-19 is keeping tax managers on their toes
Afrimat's diversification strategy has helped it weather the impact of Covid-19
Oracle webinar: Innovation and resilience in the finance services sector
Life Healthcare appoints CA(SA) Peter Wharton-Hood as new group CEO
How scenario modeling can help you weather a crisis
DPD Laser CFO Auvasha Moodley making the right moves
CFO Izak van der Walt predicts Wescoal Holdings "within limits" for next covenant test
South African Ferdie Pieterse appointed as Experian Africa CEO
Vodacom SA sees 6.4 percent revenue growth from increase in data demand
Sasol has identified ten assets that will be prioritised for sale
Astral CFO Daan Ferreira fears that its supplier agreement with Quantum Foods is at risk
CFO Community Conversation reveals: Companies need to start feeding back into society
Bureau for Economic Research: Confidence of the service sector falls to all-time low
30,000 companies forced to apply for tax directives in face of business rescue
Technology waves wand over commercial, sectional-title insurance
Oceana Group appoints Hajra Karrim as new CFO
Kingsley Holgate Foundation reunited with Land Rover Defender
Introducing the new Land Rover Defender
No more hiding from it: Business leaders are societal leaders
Denel CEO Danie du Toit resigns
CFO Francois Schindehütte: If you deliver your best, the results will look after themselves
Spur Corporation CEO Pierre van Tonder set to retire
How running has helped Air Liquide FD Taki Nkhumeleni through tough times
South African Pierre Naudé's fintech company, nCino, makes headlines with $91 share price
Hyprop Investments expects dividend per share to be 15 percent less per share
East London, George and Kimberley airports set to reopen from 21 July
Covid-19 takes the life of Eastern Cape Development Corporation CFO Sivuyile Bulube
De Beers Group appoints Sarah Kuijlaars as its CFO
Webinar reveals that leaders need to be decisive during Covid-19
CFO Bongiwe Ntuli: Scenario planning continues to be critical to TFG's forward planning
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