Your source for the latest news, expert insights and interviews.
This week's conversation explored how companies' risk strategies have evolved as a result of the pandemic. As part of a transformation drive, Babalwa has been elected as the first woman chair of UCT's council. The programme is aimed at helping tourism return to full swing when lockdown regulations ease. Deepa will be taking over from Pamela Padaychee, who has been acting as CFO. SAA creditors approve business rescue plan and Phillip Saunders is appointed as interim CEO. The Hulisani CFO was nominated for the 2019 CFO Awards, citing it a "truly awesome" experience. MTN's brand value grew by 8 percent in 2020, maintaining its position as SA's most valuable brand. The decision forms part of the group's cost-containment initiatives in response to Covid-19 impact. This comes after the group cut almost half of its net debt during the year ended June 2020. 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. These initiatives are aimed at increasing GDP, job creation, and increasing tax revenues. Pramy started working with numbers when she was young, helping out with the books for her family's farm. The manufacturing production industry has decreased by 49.4 percent year on year in April 2020. The Financial Sector Conduct Authority plans to take action against insurers who are non-compliant. CFO Shaneel Maharaj says that the tough economic environment led to a loss of tenants. Members are looking at retirement fund suspensions and financial literacy for survival during lockdown. Dexamethasone is the first treatment to show life-saving promise for those very ill with Covid-19. This follows the Tribunal's ruling that Dis-Chem has engaged in price gouging on Covid-19 masks. Robots are assisting humans to build cars, deliver packages and assemble computers. Blockchain is tracking diamond supply chains and monitoring construction equipment. Smart machines are showing up in hospitals, shipping containers, pharmacies, and more. For finance to meet the challenges of a digital world, CFOs need to transform their talent and use different tools and techniques. Omnia share price jumps more than 10 percent following announcement of R129 million profit. Oracle director Nick Jackson says efficiency and resilience will help CFOs embrace change. Oracle director and CIMA deputy president Nick Jackson says CFOs need to be the face of change. Fourth straight positioning as a leader recognises completeness of vision and ability to execute. Financial applications should be able to respond to the changing business demands of the new normal. MTN's Chris Badenhorst: Standardised reporting is important because you need to trust the numbers. A webcast series brought to you by AICPA & CIMA and Oracle, with insights from McKinsey & Company. Bradley will be taking over from Cobus Loubser as CEO with immediate effect. Herman Singh: Covid-19 killed office work, but technology has become the knight in shining armour. A webcast series brought to you by AICPA & CIMA and Oracle, with insights from McKinsey & Company. Truter is the eighth person arrested and charged with 47 charges relating to the looting of VBS Bank. Experience the ultimate practical sports car and tailor your offer today. 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. Iain's appointment follows a long legal battle with former CEO Peter Moyo. Ahmed's exposure to the inner workings of government embedded a deep sense of responsibility. The Financial Sector Conduct Authority has granted Barclays a licence to offer private banking. Shilpa says women shouldn't shy away from leadership, especially during tough economic times. Tongaat has been fined for its 2011 to 2018 financial information not complying with IFRS standards. Jowayne will be taking over from exiting Chantelle Ah Sing, who will be pursuing her higher education. Gert will be taking over from Nonkululeko Dlamini, who has since become CFO of Transnet. The indomitable founder of CFO SA, CHRO SA and M&A Africa has passed away in his home country, The Netherlands. Nonkululeko joins Transnet from the IDC where she was CFO for five years. CFOs need to take a "yes, and" approach, but they also have to say "no" when it's necessary. ACCA-qualified Bright says this is because of the death of cargo-transporting passenger flights. Ilana will be taking over from Sateesh Kamath, who has been promoted to Vodafone CFO. The drop in GDP growth marks the third consecutive decline since the third quarter of 2019. Roxane says the Investec Life milestone proves there is a good reason to invest in technology. A high EQ culture and strong empathy for customers makes Coupa Software a natural partner for organisations seeking to mitigate their supply chain risk. Todd Ford, CFO for the Nasdaq-listed tech player explains how the company helps customers navigate within a financially stressed world. Mr Price has already shut four of its five Nigerian stores and expects to close the last one soon. Sitho Mdlalose will be taking over from Till Streichert with effect from 1 July 2020. 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. Webinar reveals that unsegregated responsibilities can lead to fraud, especially during Covid-19. Having the wisdom to make smart decisions is something Thobeka Ntshiza, CFO of Avis Fleet, values. Proud says the investment challenge has exposed him to new frontiers that school doesn't teach. Merafong Municipality acting CFO Thys Wienekus plans to turn state witness following arrest. Mark says that while Tito Mboweni's speech presented plans, there weren't any guidelines as to "how". The QCTO CFO says CFOs need to take on the role of trauma surgeons and growth navigators. Peregrine CEO Robert Katz says that he doesn't expect the economy to recover in the next 12 months. Riaan says further downside scenarios have been used to stress test Exxaro's solvency and liquidity. Machines and people need to work in concert for successfully ERP systems and enterprises. Although the CFOs expressed their concern about sovereign debt, there were some silver linings. Ashley anticipates budget cuts to be announced at minister Tito Mboweni's budget speech. Dr Claudelle von Eck: Interventions are cheaper than the cost of consequences of unethical culture. Companies will have to ensure compliance with the new sections within one year of their commencement. Despite Covid challenges, Reunert's ICT sector has reported good growth for the half-year. Sizwe believes we need to preserve the quality, growth and transformation of the accounting profession. Chantelle says AEEI's interim results put the company in a respectable position to navigate its future. For ACCA-qualified Yvonne Soglo, no day in the job is the same in her role as director: provincial budget analysis at the National Treasury. Her responsibilities including supporting 12 finance teams in the Limpopo province to deliver on spending that matches their budgets. Workday and Salesforce's Work.com come together to help customers better prepare their workforce. Workday has announced its results for the fiscal 2021 first quarter ended 30 April 2020. Microsoft, Workday announce strategic partnership to accelerate planning for today's world Sygnia achieved its highest six-month profit, highest dividend and highest six-month basic earnings. CEO Bernard Agulhas: We're proud that rotations are not limited to changing between the big four. DC Kemp will step into the role on 1 July and Adriaan van Rooyen will take up a new reporting position. Sean Doherty: "When things do eventually take a turn for the better, we can thrive together." 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. Sasol will be stepping away from its oil business to refocus on its chemicals business. TreasuryONE's Rudolph Janse van Rensburg takes CFOs through the automation process. Reshaad will head up the new artificial intelligence venture, which is set to launch on 10 October. Her role as African Rainbow Capital CFO enables her to make that positive contribution to society. CFOs believe the move to online, and improved healthcare and education are amongst silver linings. On Wednesday morning, eight men were arrested in connection with the R2.7 billion theft at VBS Mutual Bank. Laila has been serving as interim CFO of Equites since December 2019. Noel will be taking over from CJ Kujenga, who resigned to explore other opportunities. TreasuryONE's Rudolph Janse van Rensburg explains why finance professionals need to automate. This is an exciting opportunity to be part of a team that can make a positive difference, says David. We don't know what the future is going to hold, but we have the opportunity to make it better, Rhett says. She sees the challenge of the new role as promoting more flexibility, adaptability and agility. Andri looks forward to steering the group in this period of uncertainty and making use of opportunities. Robert looks forward to helping the company steer through the challenges it is currently facing. 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. Avashnee Ramdial has learnt that finance departments don't deliver well if their culture isn't cohesive and collaborative. She explained how she got this right as the CFO of Stanlib, based on a similar process in her prior role at Absa, and how she is keen to share the learnings from the hardships she has faced with other women in finance, in an interview with Georgina Guedes. The government has made a number of changes to South Africa's level 3 lockdown regulations. The new council will be responsible for supporting government in repositioning state-owned enterprises. Nienke demos CaseWare Africa's automated reporting system in a CFO South Africa Webinar. Sateesh has held various roles within the Vodafone franchise, including FD and vice president. ACCA and Grant Thornton discuss the main challenges auditing faces in a series of roundtables. Jenna will continue at Investec Property Fund as head of treasury and balance sheet management. Tsogo Sun Gaming's focus during lockdown has primarily been to eliminate operating costs. CFO Community Conversation looks at the industries hit hardest by Covid-19 and how they survived. Elisa Mkhize has resigned as the CFO of Clinix Health Group with effect from 1 August 2020. Stangen CFO Lerato Olahleng believes the current crisis gives SA an opportunity to rebuild its economy. Absa has completed its separation from Barclays and emerges an independent African bank. This forms part of the company's strategy to right-size its balance sheet by reducing its debt levels. Kieron Futter will be resigning as the CFO of Ascendis Health after five years with the company. Subhradeep brings more than 19 years' banking experience to the Standard Chartered AME team. From the property sector to banking, companies have been supporting their customers and clients. Cobus, who has served as CEO since 2018, has tendered his resignation with effect from 30 November. Synthesis revenue is growing from the increased adoption of digital payment solutions during lockdown. 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. Finance manager Dominique Nash explains how the payment app now performs quick and easy daily screenings. Three young CFOs shared their experiences and tips with a captivated and interactive online audience. Her love for numbers and sharp logic make Jo-Ann Pohl a natural dynamo in finance, but what has really made her an exceptional leader is her strong creative streak and ability to imagine fresh new possibilities for every scenario. Businesses need to comply with these occupational health and safety measures in order to operate. Italtile executive director of retail Brandon Wood will be serving in Tsu's role for the interim. The CFOs agreed that Covid-19 has already started shaping the future and the new normal. Marketers should share their companies' stories on LinkedIn as people are noticing brand news more. Mphume will be taking over from Kabelo Lehloenya, who cited personal reasons for her resignation. Fulu is most proud of Renergen's increase in assets that came with its new Virginia Gas Project. Herman will be stepping down as RMH completes the unbundling of its shares in FirstRand Bank. To attain the "badge" of true leadership, you have to master personal leadership, says Nico.CFO Community Conversation tackles post Covid-19 risk strategy
UCT appoints former Safika Holdings CFO Babalwa Ngonyama as chair of Council
CFO Nombulelo Guliwe: SA Tourism has a business enablement programme
Tiger Brands appoints Deepa Sita as new CFO
DPE's Kgathatso Tlhakudi: "New SAA" will be an attractive asset for an equity partner
Masibulele Dem accepts CFO Awards nominee's trophy under social distancing regulations
CFO Ralph Mupita: The work on the MTN brand never ends
Alexander Forbes freezes fees of non-executive directors
Pan African Resources expects to be debt-free within the next 12 months
Finance flash: the TOP-10 articles of week 28, 2020
Business for South Africa prioritises 12 initiatives to accelerate economic growth
Sappi SA CFO Pramy Moodley: Understanding the power of numbers helps you lead
Covid-19 impact on manufacturing industry worse than impact of 2008 financial global crisis
FSCA says national lockdown can't be used as grounds to reject insurance claims
Delta Property Fund earnings decline as vacancies increase due to tough economy
Webinar reveals that the focus of retirement funds has shifted to engaging individuals
Aspen Pharmacare has the necessary capacity to manage the demand for dexamethasone
CFO Rui Morais says Dis-Chem disappointed with Competition Tribunal decision
Deloitte Consulting Africa's Philip Hechter: Time to reimagine finance
Omnia Holdings bounces back after R407 million loss to R129 million profit
Why the CFO should put purpose at the centre of change
Four crucial changes every CFO should be making right now
Oracle recognised again as a leader in Gartner Magic Quadrant
IDC and Oracle Webinar: Three ways to boost Finance's ability to respond to Covid-19
MTN Group masters financial reporting with Oracle Cloud EPM
Agile Finance: Reimagining finance for the new normal
Long4Life appoints Bradley Moritz as CEO of sport and recreation division
Technology is reinventing the office
Agile Finance: Reimagining and reforming the business
Former VBS Mutual Bank CFO Philip Truter granted bail of R50,000
Raise your profile with the Jaguar F-PACE SVR
Finance flash: the TOP-10 articles of week 27, 2020
Iain Williamson appointed as group CEO of Old Mutual
Having a role to play in the public sector machine is an honour for NCT CFO Ahmed Moolla
Barclays given go-ahead to open private banking services for South Africans
CA Shilpa Mehta first female president of the Entrepreneurs' Organisation Durban Chapter
Tongaat Hulett fined R7.5 million by JSE for non-compliance
AEEI has appointed Jowayne van Wyk as its new CFO
Industrial Development Corporation appoints Gert Gouws as acting CFO
Maverick & legend: The lasting legacy of our founder Alex van Groningen
Nonkululeko Dlamini appointed as new Transnet CFO
CFOs need to be both the sandpaper and glue within their organisation
Solenta Aviation FD Bright Amisi: Cargo carriers have been inundated with demand during Covid-19
Safaricom appoints Ilana Darcy as interim CFO
South Africa records -2 percent GDP growth for first quarter of 2020
Investec Life CFO Roxane Leita: Life insurance market still attractive for innovators
Coupa CFO explains how community intelligence brings big data benefits to supply chains
CFO Mark Stirton: Mr Price to focus on South Africa in a more concentrated way
Vodacom Group appoints Sitho Mdlalose as interim group CFO
Finance flash: the TOP-10 articles of week 26, 2020
With companies under financial pressure, the opportunity to commit fraud has increased
Thobeka Ntshiza shares the experiences that have made her into a "discerning" leader
Proud Sola plans to immerse himself into the world of trading after the investment challenge
A third CFO arrested in connection with the VBS Mutual Bank heist
Spar CFO Mark Godfrey: Drastic and urgent action is required to avoid a fiscal crisis
Innocent Gumbochuma describes the role of the CFO and public sector during Covid-19
Peregrine Holdings reports revenue increase despite tough market conditions
FD Riaan Koppeschaar: Exxaro has sufficient liquidity to withstand operational interruption
Surviving the technoshock: how to get your organisation ready for AI-powered ERP
CFOs gather for a post-revised-budget analysis in this week's Community Conversation
UCT CFO Ashley Francis predicts negative growth in state funding for 2021
The hidden cost of the Covid-19 crisis - an increase in fraud and corruption
New sections of the Protection of Personal Information Act to commence on 1 July 2020
Reunert CFO Nick Thomson: It's hard to report forward-looking implications during Covid-19
Future Nation Schools' Sizwe Nxasana: No prospective accountant should be left behind
CFO Chantelle Ah Sing: AEEI's resilience and ability to adapt is all the more necessary
National Treasury's Yvonne Soglo has a calling for public service
Workday announces partnership with Salesforce to help organisations safely return to work
Workday Announces Fiscal 2021 First Quarter Financial Results
Workday Adaptive Planning to run on Microsoft Azure Cloud
Sygnia CFO Murad Sirkot proud of company's investment performance
A quarter of JSE-listed companies have rotated audit firms, citing early adoption of MAFR
Atterbury Property Holdings appoints DC Kemp as CFO
Transaction Capital to protect welfare of people in taxi industry says CFO Sean Doherty
Finance flash: the TOP-10 articles of week 25, 2020
Sasol to position business for sustained profitability in low-oil-price environment
Why CFOs should automate, with TreasuryONE and Automation Anywhere
Liquid Telecom CEO Reshaad Sha resigns to head up BriteGaze
Refiloe Nkadimeng wants to have a positive impact on others
CFOs look at the silver lining in the Covid-19 storm cloud in CFO Community Conversation
Two CFOs among those arrested for VBS theft
Laila Razack appointed as permanent Equites Property Fund CFO
Adcorp Holdings appoints Noel Prendergast as interim CFO
You can't go through a digital transformation without automation
David Lamont rejoins Australia-based BHP Group as CFO
King Price CFO Rhett Finch: Covid-19 has given us perspective on work and working
Abigail Mukhuba believes there's no better time to be stepping into the role of Sanlam FD
GWK's Andri Bezuidenhout gets promoted to group FD
Hammerson appoints Robert Noel as non-executive chair
Finance flash: the TOP-10 articles of week 24, 2020
Stanlib CFO Avashnee Ramdial gets candid about culture
Financial Sector Law Amendment Bill of 2020 among new directives passed for lockdown level 3
AngloGold Ashanti CFO Christine Ramon appointed to State-Owned Enterprises Council
CaseWare Africa's Nienke Kruger on why finance departments should automate their reporting
Former Safaricom Sateesh Kamath appointed as British firm Vodafone Business CFO
ACCA: Audits need to adapt to the digital age
Investec Property Fund's Jenna Sprenger steps down as CFO
New Tsogo Sun Gaming CFO Annelize Hoyer on reporting during Covid-19
CFOs reveal the changes they've had to make to survive lockdown and post-lockdown
Clinix Health Group CFO Elisa Mkhize to embark on the next chapter of her career
Life insurance industry looks to life beyond Covid-19
Absa group FD Jason Quinn: We are putting an important chapter of our history behind us
CFO Megan Pydigadu: EOH delivered a milestone R540 million in debt in May
Ascendis Health CFO Kieron Futter resigns
Subhradeep Mohanty appointed as CFO of Standard Chartered AME region
Corporate South Africa offering their support to communities impacted by Covid-19
Long4Life Sport and Recreation division CEO Cobus Loubser resigns
FD Gareth Corbishley: Synthesis experienced positive growth driven by Covid-19
Finance flash: the TOP-10 articles of week 23, 2020
Karri Payments will now be supporting teachers and parents with back-to-school screening
CFO South Africa launches webinar series with: Become an awesome CFO before 40
Shifting with purpose, iOCO group CFO Jo-Ann Pohl's tale of how to make smart moves
Minister of Employment and Labour announces lockdown level 3 regulations
Tsu Mhlanga resigns as Italtile executive director of finance and administration
CFO Community Conversation looks into the future and an "ideal world"
Marketers Com Con reveals: Give the market a story, or it will define your story for you
Mphume Llale steps in as Gauteng Health Department acting CFO during Covid-19
CFO Fulu Ravele shares Renergen's challenging year and approach to Covid-19
RMB Holdings' Herman Bosman steps down from FirstRand board
JAM CFO Nico Esterhuizen: Leaders, challenge yourself in these four life dimensions
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