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Robert Nicolella has taken over from Kevin Govender as the FD of Hosken as of 1 August. Capital gains no longer recycled back to profits as a result of IFRS9 adoption says IDC CFO Nonkululeko Dlamini. 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. With so many companies having multinational or multi-provincial operations, it's unsurprising that "willingness to travel" is a headline job requirement for CFOs. Four finance executives who apply their strategic thinking to the business travel journey as much to the destination, shared their travel tips and tricks with Kate Ferreira. Adcock Ingram has appointed finance professional Debbie Ransby as an independent non-executive director. He explains that SMEs should stop looking for funding and start looking for clients. Vakliteratuur bijhouden maar weinig tijd? Geen zorgen. Controlling.nl verzamelt wekelijks 10 spraakmakende artikelen voor u uit internationale media. Blijf voorop lopen met deze unieke kennis. FD Zakhe Khuzwayo says you want to keep pace with technology rather than sweating your tech assets. Steinhoff Financial Holding GmbH and Steinhoff Europe AG have successfully completed their financial restructuring. IMAS broadens access to high-quality professional accountancy education to aspiring CAs. Vuyokazi says CFOs have a role to play in bridging the gap between the economic haves and the have-nots. Herman Singh explains how nearly $2.5 million in equity was crowdfunded on the Intergreatme platform. Standard Bank FD Arno Daehnke said that Africa regions grew headline earnings by 15 percent. CFO South Africa welcomes previous CFO of the Year 2018 winner to the CFO Awards judging panel. Jennifer Allen has been appointed as CFO of the group and Amy Sherk as CFO of the India and Africa divisions. Also: Delta Property Fund and Rebosis in talks of a merger, and Quilter sells life and pensions business. Claudelle says that she has worked to ensure the mechanisms were in place to build competent internal auditors. At the CFO Awards on 15 May 2019, Umar Banda walked away with the Young CFO of the Year Award, in recognition of the exceptional work he's doing at the City of Tshwane. He has addressed the City's illiquid position by finding innovative ways for the city to generate income, and he is excited about the establishment of a CA programme, which will bring much-needed skills to the field of public finance. He has been permanently appointed after acting group as CFO since April 2019. With so many companies having multinational or multi-provincial operations, it's unsurprising that "willingness to travel" is a headline job requirement for CFOs. Four finance executives who apply their strategic thinking to the business travel journey as much to the destination, shared their travel tips and tricks with Kate Ferreira. Mazwai has been appointed by President Cyril Ramaphosa and will be replacing outgoing Norman Manoim. Douglas Stevenson's appointment was unanimously approved by the board with full support to lead Cell C. Nedbank CFO Raisibe Morathi decries challenging economy and difficult operating environment. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. A partnership between commercial property services company Broll and global real estate services firm Cushman & Wakefield will support the expansion of Broll's footprint into North Africa and the Middle East, providing real estate services to tenants and helping them to optimise their spend. Ray Mahlaka spoke to Malcolm Horne, Group CEO of Broll Property Group, and Ken Gerber, the MD of Cushman & Wakefield | Broll, about the intricacies of this deal and what it will mean for tenants on the African continent. UCT GSB's Xolisa Dhlamini explains how development finance can turn around SA's 55.2 percent youth unemployment. One of TymeBank's founding members, Tauriq Keraan, rejoins the bank as its new CEO. Dr Tim London reveals three mistakes you might be making that are hampering creative thinking. Invicta FD Nazlee Rajmohamed says the business is happy to offer its investors an alternate way to trade. PPS offers tailor-made insurance, investment and healthcare solutions to graduate professionals. Groepe says he is looking forward to being part of the structural change of SA's financial services landscape. Ralph says his curious mind has served him well as he's shifted industries twice in his career. Fatima has already played a meaningful role in the forensic investigation lead by ENSAfrica. Wealthy South Africans favour luxury SUVs, according to the 2019 South Africa Wealth Report. The bond is aimed at enforcing the conservation of "countable, critically endangered and charismatic" rhinos. Also: Ascendis Health sells off biosciences division, and SAPPI and Efficient Group acquires internationally. The reason for the separation was cited as "differences on forward strategy in relation to the SAPO structure". "If I want your opinion, I'll give it to you," said AFGRI CFO Rivasha Maharaj, about being her own competition. Beyond the Dress Founder Lori Milner: Women need to celebrate progress instead of aiming for perfection. With so many companies having multinational or multi-provincial operations, it's unsurprising that "willingness to travel" is a headline job requirement for CFOs. Four finance executives who apply their strategic thinking to the business travel journey as much to the destination, shared their travel tips and tricks with Kate Ferreira. SARS has placed Hlengani Mathebula, Teboho Mokoena and Luther Lebelo on suspension with immediate effect. Head of reporting and finance team Lerena Olivier will be taking over from outgoing CFO Bakar Jakoet. Globally, companies are acquiring disruptive technology and tech firms, says Deloitte's Mohsin Khan. SAICA CEO Freeman Nomvalo and a team of specialists will establish the chief restructuring office at Eskom. She will be taking over from retiring Nicky Newton-King with effect from 1 October 2019. The insurer plans to appeal to a higher court to argue that it acted lawfully when it terminated Moyo's contract. John Stretch explains why proper forecasting could have saved Tongaat from the challenges it now faces. CEO Parmi Natesan says the roles of chair and CEO are distinct and need to be kept separate. The group will retain its primary listing on the London Stock Exchange and secondary listing on the JSE. Leslie says he hopes to use his international expertise to benefit South Africa in the years to come. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. CFO Bruce Bydawell says the disposal will keep Alexander Forbes capital-light and focused on what it does best. PepsiCo to buy Pioneer Foods, Murray & Roberts ? Aton merger denied, and more make news. What causes stress in South African organisations? The answer, if you're an executive, is "you". The suspension will be reevaluated after the finalisation of Jooste's disciplinary proceedings against him. Wikus will be taking over from Heinie Werth until a permanent group FD has been appointed. BlueBridge One is a unified business management suite that uses the cloud to help grow your business. CFO Day entertainer Pieter-Dirk Uys had a special message for finance professionals at the event. The Sandton Convention Centre had put various sustainability initiatives in place to reduce its carbon footprint. The listing will give more choice and attract potential new investors, says Vunani CEO Ethan Dube. Hosted at Marble Restaurant, CFO Day delivered insights on disruption, turnaround strategies, stress and resilience. Telkom's Sipho Maseko, EOH's Stephen van Coller and T-Systems' Dineo Molefe discussed turnaround strategies. Opportunity, deep pockets, the right people and tech make disruption tick, said A2X CEO Kevin Brady. PPC delivers great results "despite the challenging environment we often operate in", says Tryphosa. Babalwa will serve as an independent non-executive director and chair of the audit and risk committee. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. The CFO of the DPSA says that he needs to safeguard the departments' limited budget. The competition recognises and rewards young CAs who are trailblazers and leaders. Gautrain Management Agency CEO Jack van der Merwe plans to acquire second-hand rolling stock from UK. Bidvest acquires Eqstra Fleet Management, Investec buys into Spinneys Egypt and more. The interests will be listed under Prosus, which will be one of the largest technology investors worldwide. The Big Four auditing firms, BDO, Grant Thornton and Mazars averaged an audit quality of 75 percent. On 23 July South Africa's leading CFOs gather to immerse themselves in an unparalleled learning experience. SAP Concur evolving to support CFOs' search for greater agility, accuracy and compliance. CFO Elisa Mkhiza is proud of Clinix's surgical initiative, and many other SA companies also show they care. Tsogo Sun has appointed its former group corporate finance manager as its new CFO. Lifelong learning will power accountants' prosperity now and in the future, says Intuit's Jolawn Victor. Barrie has been appointed as the new vice president of finance at Australia-based Orica. The CFO is confident that Eskom's treasury operations will continue to run smoothly despite the resignation. Deloitte's Valter Adão says that the companies that will survive are those that embrace learning. Nakedi reflects on her first seven months at Masimong, but will always have a soft spot for RBH. KPMG is a professional services company and one of the Big Four auditors. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. Cushman & Wakefield | Broll is a Pan-African commercial property services company. The restructuring will allow for synergies, efficiencies, and the establishment of local group shared services. Cell C is strategically positioning itself for participation, Douglas says, sharing changes being he's making. Also making headlines is Emira Property Fun buying SA Corporate Real Estate and Ethiopia. Johannes Magwaza's resignation, for personal reasons, comes shortly after the resignation of SAA's CEO. Grindrod's CFO believes in dynamic and diverse finance teams, which is aligned to the group's strategy. Finance Minister Tito Mboweni has appointed an interim board of directors at the PIC with effect from 12 July. The President has reappointed Kganyago for another five-year term, and Kganyago is "glad" to do it. Chairperson of the Nuclear Energy Corporation of South Africa has resigned barely six months after being appointed. Deloitte's Valter Adão says the way we gain knowledge has to change from something we do to how we behave. The company helps organisations transform data into real-world intelligence with its powerful software solutions. John's priority as CFO is to help the company achieve its goals to drive further shareholder value. Rather than emigrating, South Africans should stay and help build SA's future, says Herman. Despite the hype, cost and skills are what's holding 4IR tech uptake back, says Arthur Goldstuck. The CFO Case Study Competition has been a mainstay of the event since the inaugural Finance Indaba. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. Senele says CFOs will continue to be asked to do more with less until the economy grows. Theodore will replace Philip Dieperink as CFO of the troubled retailer. Internal auditors need to keep up with the pace of technology says PwC Southern Africa CEO. Quilter explores the disposal of life insurance business and GIAP begins acquisition trail into Africa. Nico's appointment is seen as an effort to stabilise leadership at Mango Airlines. She joins the Naspers group at a "pivotal time for the group and for South Africa". The Capitec CFO does so through his Community Keepers project, which supports Ysterplaat Primary School. Sage's Pieter Bensch: CFOs can help their organisations grow and thrive during a time of Adapt or Die. MoData provides leading edge, innovative solutions for the financial services sector. It will represent NTT in the Middle East, Africa while retaining the Dimension Data brand. Stretch Global CEO John Stretch takes a deep dive into the planning behind every business strategy. Sean will be taking over from Fay Mukaddam until her successor has been appointed. She will be taking over from Bonang Mohale, who has taken a new directory role at Bidvest. Thomson Reuters is the world's leading source of news and information for professional markets. Storme McDonald is the CFO of Corporate Banking at RMB. She is a passionate advocate of digital transformation and a lover of dogs, she tells CFO.co.za. Want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience. Claudelle von Eck probes the factors that have led to SA's spate of audit scandals. Also: Life Healthcare exits India and Grit sees potential investment opportunities across sub-Saharan Africa. Investec Plc joins other banks in the push to move into Australia to expand its international network. The industry is now an emerging market as opposed to just being a potential market. Grand Parade Investments appoints acting CEO Mohsin Tajbhai permanently with effect from 1 July.Hosken Consolidated Investments appoints Robert Nicolella as its new FD
Challenging Economic environment impacts IDC performance
Finance flash: the TOP-10 articles of week 33, 2019
CFOs and travel Special Feature part 3: Sam Hopwood on travelling comfortably
Debbie Ransby joins Adcock Ingram board of directors
Take your destiny by the horns says SME Movement's co-founder York Zucchi
Finance flash: the TOP-10 articles of week 32, 2019
Innovent: Making the business case for tech asset rental
Steinhoff restructuring has come to fruition says CEO Louis du Preez
IMAS joins Finance Indaba line-up
Woman of Substance Dr Vuyokazi Mahlati: It's all about building a better future
How we pulled off the largest crowdfunding ever in Africa
Standard Bank's move into Africa pays off as the group reports solid half-year results
AngloGold Ashanti CFO Christine Ramon joins CFO Awards Panel of Judges
Afgri shareholder Fairfax Jennifer Allen and Amy Sherk to CFO positions
M&A Roundup: African Rainbow Capital and Aveng make headlines
Claudelle von Eck steps down after ten years of taking the IIA SA to new heights
City of Tshwane CFO Umar Banda empowering the youth
Ecobank Transnational Incorporated appoints Ayo Adepoju as group CFO
CFOs and travel Special Feature part 2: Jaco Maritz is a self-described "Airmune junkie"
Mondo Mazwai makes history as the first black female Competition Tribunal chairperson
Cell C appoints Douglas Stevenson, who has been acting in the role, as CEO
Nedbank leadership calls for urgency in structural reforms in SA
Finance flash: the TOP-10 articles of week 31, 2019
Broll's Cushman & Wakefield affiliate agreement delivers access to international markets
Development finance holds the key to solving SA's youth unemployment
Tauriq Keraan appointed as new CEO of TymeBank
Change your organisational culture to create the space for innovation
Invicta announces secondary listing on A2X
PPS signs up as a Silver Partner for Finance Indaba 2019
Discovery Bank appoints Francois Groepe as deputy CEO
Ralph Mupita, MTN's problem-solving CFO of the Year
EOH board welcomes chief risk officer Fatima Newman as executive director
Driving ambition: The cars that wealthy South Africans choose to own
The Zoological Society of London plans to sell an impact bond to grow black rhino population
M&A Roundup: Bushveld Minerals and Efficient Group making changes to their JSE listings
South African Post Office CEO Mark Barnes tenders his resignation
Challenges and solutions shared at CFO South Africa Women's Dinner panel discussion
CFO South Africa Women's Dinner keynote encourages women to show up to themselves
CFOs and travel Special Feature part 1: Start preparing long before take-off, says Ravi Singh
SARS places three key executives on precautionary suspension
Pick n Pay appoints Lerena Olivier as new CFO
Delivering innovation to big business through disruptive M&A
SAICA called on to assist the government with restructuring Eskom
Dr Leila Fourie has been appointed as the JSE's new CEO
Old Mutual to appeal High Court's ruling of Peter Moyo's reinstatement
Tongaat's Kodak moment: They didn't see it coming, but they could have
Jabu Mabuza's dual role at Eskom is problematic, says IoDSA
Mondi concludes corporate structure simplification into a single holding company
New Development Bank CFO Leslie Maasdorp talks about living a life with purpose
Finance flash: the TOP-10 articles of week 30, 2019
Alexander Forbes sells its short-term insurance business to Momentum Metropolitan
M&A Roundup: Momentum Metropolitan Holdings to acquire Alexander Forbes short-term insurance
CFO Day: Stress expert Richard Sutton makes CFOs reflect on how their stress affects others
SAICA suspends ex Steinhoff CEO Markus Jooste's membership
Wikus Olivier steps in as acting CFO of Sanlam
Learn how you can grow your business via the cloud with BlueBridge One at Finance Indaba
Pieter-Dirk Uys gets SA's top finance professionals laughing and thinking about politics
Sandton Convention Centre goes green
Vunani approved for listing on A2X Markets
Inspiration, insight and networking opportunities at the second annual CFO Day
CEOs tell all about dealing with business hardship at CFO Day
Four pillars of disruption revealed at second annual CFO Day
PPC delivers solid results by focusing on strategic priorities says CFO Tryphosa Ramano
enX Group appoints former Safika Holdings CFO Babalwa Ngonyama to board
Finance flash: the TOP-10 articles of week 29, 2019
Masilo Makhura does his best to ensure no funds are wasted by public officials
13 CFOs among SAICA's Top 35 Under-35 CAs
New Gautrain coaches will "create a different demand for travel"
M&A Roundup: Top dealmaking stories reported on MandA.co.za this week
Naspers to list internet interests outside of SA on Euronext Amsterdam and JSE
Big Four auditing firms fail to meet 90 percent audit quality target in the UK
Leading finance executives to respond to the "Adapt or Die" challenge at CFO Day 2019
Don't throw out working business strategy in the name of reinvention
Corporate South Africa shows it cares this Mandela Day
Laurelle McDonald new Tsogo Sun CFO
5 easy ways for accountants to access the skills they need to succeed
Barrie van der Merwe says new role at Orica will "result in career and personal growth"
Calib Cassim offers reassurance after the resignation of Eskom group treasurer
Being a learn-it-all is how you adapt, being a know-it-all is how you die (Part 2)
Nakedi Ramaphakela's move to Masimong "opens up her perspectives"
KPMG backs CFO Day
Finance flash: the TOP-10 articles of week 28, 2019
Cushman & Wakefield | Broll backs CFO Day
Dimension Data CFO Barry Curtin excited by flexibility and autonomy in new executive team
Cell C interim CEO Douglas Stevenson acknowledges company challenges, updates public
M&A Roundup: MTN to offer Sanlam insurance products while Naspers expands into Asia
SAA faces more trouble as board chairperson resigns
Hooked on economics: Grindrod's Xolani Mbambo
Troubled PIC gets new board, five months after former board en masse exit
Lesetja Kganyago's term as South African Reserve Bank governor renewed
Necsa ongoing management changes take a turn with Rob Adam's resignation
Being a learn-it-all is how you adapt, being a know-it-all is how you die (Part 1)
MicroStrategy to explain how data can answer tough business questions at Finance Indaba
John Granara appointed as new MiX Telematics CFO
Herman Singh calls for committed South Africans to share their personal SONAs
CFOs resistant to the Fourth Industrial Revolution says research from World Wide Worx
Charterquest to showcase upcoming finance professionals at CFO Case Study Competition
Finance flash: the TOP-10 articles of week 27, 2019
Discovery Vitality's CFO Senele Mbatha: We need to be slick, efficient, smart and relevant
Steinhoff appoints Theodore de Klerk as CFO
Shirley Machaba calls on internal audit functions to become more digitally fit
M&A Roundup: Afrimat and EOH make headlines
Nico Bezuidenhout returns to Mango Airlines as CEO
Phuthi Mahanyele-Dabengwa appointed as CEO of Naspers South Africa
How Capitec's André du Plessis helps safeguard the future of children in Cape Town
Sage adapting to change with customer-led innovation
Find out how you can enhance your digital experience with MoData at Finance Indaba
Dimension Data moves its brand forward with NTT collaboration
The building blocks of a management system
4AX appoints RainFin CEO Sean Emery as interim CEO
Busisiwe Mavuso becomes the new Business Leadership South Africa CEO
Thomson Reuters shares intelligence and expertise at Finance Indaba
RMB Corporate Banking CFO Storme McDonald on banking, digitisation and dogs
Finance flash: the TOP-10 articles of week 26, 2019
IIA SA CEO calls on audit profession to practise ethical courage
M&A Roundup: Tiso Blackstar, Grand Parade and more companies selling stakes
Investec Plc to open a branch in Australia
What the future holds for Islamic financial services industry in South Africa
Mohsin Tajbhai steps into Grand Parade Investments CEO role
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