Latest Articles

Westfalia: Bongani Manzi

Bongani Manzi has been the General Finance Manager of Westfalia since July 2012.

Eli Lilly and Company: Barry Wren

Barry Wren has been the Chief Financial Officer of South Africa and Sub-Saharan Africa at Eli Lilly and Company since April 2015.

Central Rand Gold: Ashwin Naidoo

Ashwin Naidoo has been the Financial Director of Central Rand Gold since January 2009.

Westcon SA: Andries Coetzee

Andries Coetzee has been the Chief Financial Officer of Westcon SA since 29 January 2016.

Servest Marine: Adrienne Harrington

Adrienne Harrington has been the Financial Director of Servest Marine since March 2016.

DHL Global Forwarding South Africa: Abdoulaye Bidié Sarr

Abdoulaye Bidié Sarr has been the Chief Financial Officer of DHL Global Forwarding South Africa since February 2016.

R9.47 billion surplus for SA's trade balance

SA's exports rose almost ten percent, on the back of a trade balance surplus in March.

Naresh Tulsie new Fais Ombud

Naresh Tulsie has been appointed Fais Ombud, replacing outgoing Ombud Noluntu Bam.

Thomson Reuters joins CFO Awards and CFO Day as sponsor

The two most important events in the calendar of every South African CFOs have received a massive boost, with the announcement of the sponsorship by Thomson Reuters, the world's leading source of intelligent information for businesses and professionals.

We must purge ourselves of complacency as a profession, says Lindiwe Ndlela, 4AX CFO

4AX's Lindiwe Ndlela sees an opportunity for cleansing after the recent scandals that rocked the finance profession.

Exxaro to dispose of more Tronox shares

Exxaro previously disposed of a R5.9 billion stake and plans to further disinvest from the US company.

Share sale brings in millions for Amplats

The sale of Royal Bafokeng Platinum shares has netted Anglo American Platinum a tidy R390 million.

Zimbabwe looking to start a wealth fund

Struggling Zim is considering its options in accessing cash, says Deputy Finance Minister Terence Mukupe

Big banks, big bucks

Finance bosses at SA's largest banks take home pretty pleasing paycheques. 

Thabo Phokane appointed as Servest CFO

Thabo Phokane has taken over from Peter Walsh as CFO of Servest.

Showcasing talent brings a level of best practice, says IIA SA's Claudelle von Eck 

Claudelle von Eck, CEO of IIA SA, talks about her five years on the CFO Awards judging panel.

T-Systems South Africa: Dineo Molefe

Dineo Molefe was the chief financial officer of T-Systems South Africa from 2016 to 2018. She is now the MD.

Dimension Data: David Sherriffs

David Sherriffs has been the Chief Financial Officer of Dimension Data since 2004.

Yum! Brands: David Gibbs

David Gibbs has been the President and Chief Financial Officer of Yum! Brands since 2 May 2016.

Murray & Roberts Holdings: Daniël Grobler

Daniël Grobler has been the Group Financial Director of Murray & Roberts Holdings since April 2017.

Invicta Holdings: Craig Barnard

Craig Barnard has been the Financial Director of Invicta Holdings since 1998.

Super Group: Colin Brown

Colin Brown has been the Chief Financial Officer of Super Group since 28 February 2010.

Cunningham Lindsey South Africa: Clint Capitano

Clint Capitano has been the Chief Financial Officer of Cunningham Lindsey South Africa since May 2010.

Amalgamated Electronic Corp: Claire Halliday

Claire Halliday has been the Chief Financial Officer of Amalgamated Electronic Corp since December 2016.

Primedia: Christopher Patricios

Christopher Patricios has been the Chief Financial Officer of Primedia since June 2011.

Group Five: Christina Teixeira

Christina Teixeira was the Chief Financial Officer of Group Five from 2008 to December 2018.

Vuyani Jarana: SAA needs R5 billion now

SAA CEO has said the airline needs a R5 billion capital injection to make ends meet and settle debt.

WATCH: TransUnion's Lee Naik talks innovation at Finance Indaba 2017

Lee presented a positive and upbeat take on the risk-opportunity spectrum inherent in the rise of automation and artificial intelligence

5 unlikely celebrity accountants

Here are five accountants (or would-be number-crunchers), who disregarded the call of the financial calculator to take centre stage in an entirely unrelated field

Google's Alphabet sees revenue soar

Commentators put the increase down to profits from advertising

Rectron: Christiaan Engelbrecht

Christiaan Engelbrecht has been the Financial Director of Rectron South Africa since 16 April 2018.

Deloitte: Chris Beukman

Chris Beukman has been the Chief Financial Officer of Deloitte since 2005.

Sibanye-Stillwater: Charl Keyter

Charl Keyter has been the Chief Financial Officer and Executive Director of Sibanye-Stillwater since January 2013.

Bombela Concession Company: Chantelle Loots

Chantelle Loots has been the Chief Financial Officer of Bombela Concession Company since July 2015.

Universal Coal Plc: Celeste van Tonder

Celeste van Tonder has been the Chief Financial Officer of Universal Coal Plc since July 2017.

Toyota SA: Bronwyn Kilpatrick

Bronwyn Kilpatrick has been the Chief Financial Officer of Toyota SA since April 2015.

Mondel?z International: Brian Gladden

Brian Gladden has been the Chief Financial Officer and Executive Vice President of Mondel?z International since October 2014.

Discovery Health: Brett Tromp

Brett Tromp has been the Chief Financial Officer of Discovery Health since June 2007. He is also the Chief Executive Officer of Discovery Health Care Services and the Head of Discovery SRX Pharmacy.

Mpact: Brett Clark

Brett Clark has been the Chief Financial Officer of Mpact since June 2012.

5 benefits of CFOs collaborating with CIOs

A recent survey by Robert Half Management Resources and Robert Half Technology found that more than half (51 percent) of CFOs collaborate more often with their company's CIO today versus three years ago

WATCH: Vusi Thembekwayo at Finance Indaba 2017

The entrepreneur, venture capitalist and reality TV star has been a fixture on the Finance Indaba stage over the past two years

Township-based entrepreneurs get business boost

Entrepreneurs will benefit from a new incubation programme recently launched in Mitchells Plain.

WATCH: Indox's Gur Geva at Finance Indaba 2017

CIPC joins the Finance Indaba 2018 line-up

The Companies and Intellectual Property Commission (CIPC) is part of the Department of Trade and Industry (DTI) group

Purple Group takes revenue hit

Investment holding company Purple Group has reported a decline in revenue of 8% to R34 million in the six months to end-February

Reserve Bank calls for FinTech harmonisation

Deputy Governor of the central bank, Francois Groepe, said South African policymakers had been keeping a close eye on FinTech developments

Global FinTech funding hits record $5.4bn in Q1

VC-backed FinTech firms raised a record $5.4 billion in the first quarter of 2018

Firms slow to adopt FinTech, executive optimism at all-time high - CFO survey

Firms are only slowly adapting to advances in financial technology even when they know it will affect their business models, according to a new survey

Olam International: Bikash Prasad

Bikash Prasad has been the Chief Financial Officer of Africa and Middle East of Olam International since 2017.

Lonmin Platinum: Barrie van der Merwe

Barrie van der Merwe was the Chief Financial Officer of Lonmin Platinumfrom 17 May 2016 until 2019.

Northam Platinum: Ayanda Khumalo

Ayanda Khumalo has been the Chief Financial Officer of Northam Platinum since 1 July 2010.

KuuHubb Inc: Arsi Rosengren

Arsi Rosengren has been the Chief Financial Officer of KuuHubb Inc since May 2017.

Deloitte Consulting: Aneshree Naidoo

Aneshree Naidoo has been the Chief Financial Officer of Deloitte Consulting Africa since March 2016.

Grindrod: Andrew Waller

Andrew Waller has been the Group Financial Director of Grindrod since 1 March 2011 until March 2013.

Quantum Food Holdings: André Muller

André Muller has been the Chief Financial Officer of Quantum Food Holdings since October 2014.

Rolfes Holdings: André Broodryk

André Broodryk has been the Chief Financial Officer of Rolfes Holdings since 6 November 2017.

Award-winning Osman Arbee new Imperial CEO

Currently CEO of the Motus division, ex-CFO Osman Arbee will take over from Mark Lamberti.

Futuresense signs on for Finance Indaba 2018

Futuresense is a niche software-solutions consultancy that works with CFOs, and implements solutions across the full suite of Oracle Hyperion financial software.

PSG Konsult reports impressive 16 percent rate of growth

CEO Francois Gouws says the company is satisfied with the results, especially as times are tough.

BayHill Capital lists Transformational Investment Portfolio on ZAR X

ZAR X has become a fulcrum for companies basing their financial success on inclusion.

Transnet CFO Garry Pita resigns

Garry Pita has decided to part ways with SOE Transnet, and will be replaced by Mark-Gregg McDonald.

I have something of a rebel in me, says Westfalia Fruit's Bongani Manzi

Bongani Manzi, Westfalia Fruit's GM of Finance, says he has a future CFO role in his sights.

DBSA appoints Boitumelo Mosako as CFO

Boitumelo Mosako took the reins as CFO of BDSA on 1 April.

Global finance leaders prepared to tackle risk head-on - survey

Global finance executives remain optimistic about economic growth prospects for the year ahead, according to the 2018 Global Business & Spending Outlook

Purpose Beyond Profit

Recent research has shown a need for broader information for effective corporate reporting.

Christiaan Engelbrecht takes over as Rectron FD

Christiaan Engelbrecht took up the role of FD of Rectron on 16 April.

Sun Exchange debuts SUNEX token and insurance fund

Company celebrates Earth Day with the launch of a digital token to accelerate global transition to solar power and a first-of-a-kind Solar Project Insurance Fund to minimise financial risk

ACCA: Accountancy profession must better understand cryptocurrency risk

ACCA says it is vital for accountants to develop their digital understanding and their ethical responsibilities.

Judging the CFO Awards is a great learning experience, says Victor Sekese

Victor Sekese, CEO of SizweNtsalubaGobodo, shares his thoughts on five years of judging the CFO Awards.

Why a narrow view of leadership destroys organisations

Prof Tim London of the UCT Graduate School of Business cautions on the dangers of having too narrow a view of leadership.

CFOs need to experiment with cognitive tech - Deloitte

Cognitive technologies have been adopted in other areas of business, inspiring finance to start learning about them, experimenting with them, and figuring out how to use them

What does it mean to do the right thing?

CFO SA MD, Graham Fehrsen, encourages CFOs to do the right thing.

Sanlam lists on A2X

One of SA's oldest companies, Sanlam, has secured a secondary listing on A2X Markets.

Old Mutual Life reports slump in profits

The company is primarily concerned with the provision of all classes of life assurance, savings and retirement funding

AngloGold Ashanti CEO resigns

Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has tendered his resignation.

BCB Group launches first institutional cryptocurrency prime brokerage service

BCB Group is making available its proven infrastructure to financial institutions through a bespoke service enabling them to integrate cryptocurrency trading services seamlessly into their own platforms

CFOs not on board with job-hopping professionals - survey

Sixty-four percent of professionals think changing roles every few years can be beneficial, with the biggest perk being a higher salary, but CFOs don't necessarily agree

To be successful, leave your ego at home, says Till Streichert, Vodacom Group CFO 

CFO of the Year 2017 Till Streichert talks about competing in the gruelling Cape Epic.

Accor expands African hotel network through Mantis stake

AccorHotels intends to purchase a 50 percent stake in Mantis Group, as it expands in Africa.

Dineo Molefe, T-Systems CFO, promoted to MD

Dineo Molefe has been named the new MD of T-Systems' South African operations.

SAA appoints Bob Head as interim CFO

Bob Head will replace Phumeza Nhantsi as CFO of SAA, albeit in an interim capacity.

LVMH posts analyst-defying first-quarter results

Louis Vuitton Moët Hennessy (LVMH) continued to set the pace for the luxury industry in compiling double-digit sales growth that analysts described as "remarkable"

Attending the CFO Awards makes me very proud, says Prof Ben Marx

UJ's Ben Marx has judged the CFO Awards for the past five years and reflects on this time.

SA's business confidence index drops

For the second month in a row, business confidence in South Africa has dipped.

WATCH: Ngubane & Co's Sihle Ndzimbomvu at Finance Indaba 2017

Sihle Ndzimbomvu's life story inspired attendees at the biggest finance conference on the African continent

Brainworks revenues rise in maiden results

Diversified investment holding company Brainworks has reported a 22 percent increase in revenue, to $58.6 million.

Your business needs a clear Purpose to survive

Expectations of business and CEOs are high, but they are not being met, says Jessica Yellin

NYDA CFO Waseem Carrim now CEO 

Waseem Carrim is one of South Africa's youngest CEOs, having been promoted recently from CFO.

SARS talks tough on cryptocurrency gains

SARS will apply normal income tax rules to cryptocurrencies and expect taxpayers to declare cryptocurrency gains or losses.

Wealth Migrate appoints tech entrepreneur Justin Clarke as chairman

Clarke is a seasoned technology entrepreneur and has over 20 years' experience building global real estate marketplaces

Appropriate risk management crucial for effective strategic leadership - ACCA

Organisations cannot exploit strategic opportunities nor can they protect themselves from potential losses or failures, without a clear steer from the top on appropriate risk taking, says the ACCA

Sappi CFO Glen Pearce: We need to get the integrity back into the financial statements

Where we've come from and where we are now makes me proud, says Glen Pearce, Sappi CFO

Questco joins 4AX ranks of issuer agents

4AX has appointed Questco as an approved issuer agent/sponsor to the exchange.

Consol to relist on the JSE

After a ten-year absence, Consol will again list on the JSE main board.

Westbrooke raises R565 million

Investors took advantage of the S12J tax incentive to help Westbrooke raise R565 million.

Shoprite CFO Marius Bosman retires, Anton de Bruyn takes over

Marius Bosman, Shoprite Holdings CFO, has announced he will be retiring at the beginning of July. 

When should a CFO take the reins as CEO?

CFOs can bring a fresh perspective to the CEO role, but the move isn't a natural progression, according to a study

Huge Group first telecoms listing on A2X

Huge Group Ltd's shares have been approved for listing on A2X Markets from 10 April 2018.

Optimism swells among North American CFOs - Deloitte

Deloitte's CFO Signals survey of chief financial officers finds a surge in optimism among CFOs about the current and future states of major economic regions, as well as their own company prospects

RainFin acquires stake in 4AX

4AX and RainFin have concluded a deal that will see RainFin hold a strategic shareholding in 4AX. 

Be the change - it's there for the taking, says Graham Fehrsen

To embrace change you need to be real, says CFO SA's MD, Graham Fehrsen

PMR Africa crowns FNB Islamic Banking tops

FNB Islamic Banking has been voted best in the 'Leaders and Achievers' category, as well as Retail and Business.

CFOs identify operational risks that have harmed their companies - study

Equipment failure, cyber attacks and natural disasters have negatively affected operations, according to a FM Global-commissioned study

4 FinTech trends to keep pace with

FinTech trends are changing so fast that it often gets hard to keep up with them. Here are four on the radar

SA's FinTech executives in demand on the continent

With the rapid growth of the FinTech sector in East Africa, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally - and to South Africa specifically - in their talent search

Basil Read experiences significant revenue drop

Basil Read has announced a R1 billion loss for the 2017 financial year.

Sanlam raises R5.7 billion to fund SAHAM acquisition

Sanlam has sold new shares worth R5.7 billion to fund its Moroccan acquisition.

SA gets interest rate cut

The South African Reserve Bank has cut the lending rate to a two-year low of 6.5 percent.

Netcare to withdraw from the UK

Netcare has decided to exit the British market, citing difficult trading conditions as the reason.

Moody's downgrades Eskom

Moody's Investors Service has downgraded Eskom from B1 to B2.

EOH profit slips, announces partnership

Leading technology service provider EOH posting a 19% growth in revenue in its interim results amidst challenging conditions

SA's new stock exchanges: the must-read explainer

CFO South Africa sat down with new exchanges ZAR X, 4AX and A2X to better understand the nuances of each.

Capitec Bank's headline earnings at R4.5 billion

Capitec's customer base has expanded, while its headline earnings have climbed 18 percent.

Combined Motor Holdings: Stuart Jackson

Combined Motor Holdings: Stuart Jackson

Stenprop: Patsy Watson

Patsy Watson has been the Chief Financial Officer and Executive Director of Stenprop since 2 October 2014.

Sygnia: Michael Buckham

Michael Buckham was the CFO of Sygnia from 1 February 2017 to 31 December 2018.

Balwin Properties: Jonathan Weltman

Jonathan Weltman has been the Financial Director and Executive Director of Balwin Properties since May 2012 and August 2014 respectively.

Glacier: Ignatius Hagglund

Ignatius Hagglund has been the Head of Finance at Glacier since August 2011.

Peermont Global: Grant Robinson

Grant Robinson has been the Group Financial Director of Peermont Global since 19 June 2006.

Globe Trade Centre: Erez Boniel

Erez Boniel has been the Chief Financial Officer of Globe Trade Centre since 1997.