Latest Articles

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

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.

SA set to become FinTech centre of excellence - AlphaCode

Now that the South African Reserve Bank (SARB) has established a FinTech programme to track and analyse developments, South Africa has all that is required to become a FinTech centre of excellence

Tim London on the perils and opportunities of atomised decisions

The little decisions are as important as the big ones, says UCT Graduate School of Business' Tim London.

S&P predicts good growth for SA in 2018

Ratings agency S&P believes SA's economic growth will expand by 2 percent this year.

Sasfin takes shuddering blow to earnings

JSE-listed Sasfin Holdings has reported a massive 41.81 percent decline in headline earnings per share

Zim concludes mining deal worth $4.2 billion

Zimbabwe has signed a mining investment deal with Karo Resources valued at $4.2 billion.

SA maintains Moody's investment-grade rating

Moody's kept SA's sovereign debt at above investment grade, also changing our outlook to stable.

Naspers trims Tencent stake, eyes FinTech investment

Naspers has raised $9.8bn (about R116bn) from the sale of shares in Chinese internet giant Tencent

Telkom raises R1 billion through a debt issue 

As SA's telecoms giant looks to invest in its network, it raised R1 billion in its first bond sale of 2018.

Tencent share sale nets Naspers R116 billion

Tencent's biggest investor, Naspers, has sold its shares for $9.8 billion - around R116 billion.

OUTsurance's Jan Hofmeyr nominated for CFO Awards 2018

The young executive has been instrumental in helping the insurance company implement its FinTech strategy and make key acquisitions

A CFO is highly in tune with the business, says Warren Prinsloo, Group CFO of Jasco

Jasco Group's finance head Warren Prinsloo talks about taking your business to the next level.

4AX secures first issuer listing in the property sector

4 Africa Exchange has secured Heartwood Properties, its first issuer in the property sector.

Firms slow to adopt FinTech - survey

Despite expected growth in the use of financial technologies such as blockchain, many American firms say they don't expect it to disrupt their business models, while those who do are slow to respond

Never leave money on the table - CFOs get energy-savvy

Leading CFOs gathered for dinner at the exquisite Marble restaurant on 20 March 2018 to share insights and experience around the topic of energy efficiency.

Mark Kingon new acting SARS commissioner

Tax veteran Mark Kingon has been appointed acting head of SARS, replacing Tom Moyane.

UCT GSB Director Mills Soko's new vision for education

My generation must transform the fortunes of the continent, says UCT's Mills Soko.

CFO SA's 10 most popular reads of 2017

We've selected the top 10 most popular articles of 2017 for your literary enjoyment.

Netcare to acquire Akeso Clinics in R1.3 billion deal

SA's third-largest private hospital chain has made a R1.3 billion acquisition of Akeso Clinics.

Regulators set to introduce global FinTech sandbox

The UK's Financial Conduct Authority says that it will start working with partners in Europe, the Far East and the US on a blueprint for a global regulatory FinTech sandbox

Listeria has cost Tiger Brands millions in losses

Tiger Brands has taken a major financial knock since the listeriosis outbreak.

IDC: Nonkululeko Dlamini

Nonkululeko Dlamini was the chief financial officer of IDC from 2015 to 2020. She has moved to Transnet as CFO.

Transnet: Garry Pita

Garry Pita has been the Chief Financial Officer of Transnet since 1 February 2016 until May 2018.

Mike Buckham: From accounting anti-hero to Sygnia FD

Mike Buckham shares the story of his unusual and unexpected ascent to Sygnia FD.

Discovery performance boosts RMI figures

Specialist financial services investment holding company Rand Merchant Investment Holding (RMI) said it was boosted by Discovery's strong performance in its annual results presentation

Visa seeks to stimulate African FinTech industry

In a move to foster regional payments innovation and FinTech entrepreneurship in Africa, Visa is spearheading its Everywhere Initiative

Business confidence up

SA's business confidence is at a three-year high on the back of the Ramaphosa presidency.

SA banks see low earnings

According to a new EY report, low GDP growth has had a large impact on SA banks' earnings.

CIMA and Monash join hands to educate SA's youth

CIMA and Monash University have partnered in support of youth education and employability.

Do the right thing: CFO Summit discusses risk and reputation

Do the right thing. That is the best way to enhance, manage and protect the reputation of your business, said award-winning Woolworths CFO Reeza Isaacs during an incredibly powerful CFO Summit discussion in Cape Town.

SAA CFO Phumeza Nhantsi suspended

SAA has suspended two execs: ex-CEO Musa Zwane and CFO Phumeza Nhantsi.

Full-steam ahead for CHRO SA

HR professionals have a community to call their own with CHRO South Africa.

TFG CFO Anthony Thunström now CEO

TFG CEO Doug Murray has retired, replaced by the company CFO, Anthony Thunström.

Excel4apps signs up for Finance Indaba 2018

Excel4apps has continued evolving its portfolio of user-friendly, Excel-based products for use with SAP and Oracle

Don't sweat the VAT increase: six things to do to prevent panic

Head FICO consultant Jill Van Der Merwe offers six steps to deal with the VAT rate change.

Major restructure on the cards for EOH

A major restructure at EOH will result in two distinct businesses in the group.

Japan opens up to FinTech revolution

The Government of Japan has launched a series of events across Europe to inform and promote active discussions around the future opportunities in Japan's lucrative and intelligent market

CFO Day registration now open to all CFOs and FDs

CFO Day on 17th July 2018, is an event that should be in every serious finance leader's diary. Register today to avoid disappointment!

VBS Mutual Bank under curatorship

The SARB has placed VBS Mutual Bank under curatorship, says Governor Lesetja Kganyago.

SAICA tightens controls after Trillian-repayment

SAICA and its Thuthuka Bursary Fund have enhanced their donor vetting process "to avert any possible recurrence" of the situation where the fund had to return money to a company that is linked to the notorious Gupta-family.

EY's Ajith Haripaul nominated for CFO Awards 2018

Ajith has been the CFO of EY Africa since 2007 and has had a distinguished career that includes stints in senior positions at the Kellogg Company, Megapro Marketing and SABMiller

EU banking authority sets out FinTech regulation roadmap

European Banking Authority Head Andrea Enria said his organization would look into the services provided by FinTech firms, "with a view to ensuring that similar services are regulated in a consistent way across the EU"

Don't stand on the sidelines: Kumba CFO Bothwell Mazarura

Kumba Iron Ore CFO Bothwell Mazarura talks mining, Marikana and technology.

Mercantile Bank not short of buyers

Mercantile Bank CEO Karl Kumbier says plenty of buyers have expressed interest in the bank.

Sanlam seals deal that makes it Africa's largest non-banking financial services group

Sanlam's acquisition of SAHAM Finances has a pricetag of R12.5 billion.

Sinopec, Chevron deal - worth $900 million - to go ahead

The Competition Tribunal has approved Sinopec's acquisition of Chevron assets, with conditions.

Revitalised MTN overcomes adverse conditions in latest report

MTN delivered a solid overall performance for the year, with progress on many fronts, despite difficult economic conditions, according to CEO Rob Shuter

Standard Bank Group global headline earnings up 14% to R26.3 billion

Sim Tshabalala, Standard Bank Group CEO, says the bank is optimistic about SA's economic prospects.  

Do more with less says Ronald Laxton, GM Keyrus

With three decades of experience at the intersection of finance and technology, Ronald Laxton knows the challenges CFOs face, and how to solve these.

Network Recruitment signs up for Finance Indaba 2018

Network Recruitment is a division of ADvTECH Resourcing - the recruitment arm of the national JSE-listed ADvTECH Group

Reputation is everything: join the CFO summit in Cape Town

Join CFOs Ronel van Dijk, Andrew McMaster and Reeza Isaacs to talk about brand reputation.

Werner Engelbrecht, CFO of Kyocera, appointed interim GM

Werner Engelbrecht has been appointed interim GM of Kyocera, replacing Wayne Holborn.

Attacq's Melt Hamman nominated for CFO Awards 2018

One of the people behind the creation of the flagship Waterfall City precinct, Melt has been picked to become the company's interim CEO

Corporate SA deserves the reputational mess it's in

It's a Shovel founder Jessica Whitcutt Yellin on why SA scores so badly in reputation rankings.

Phillip Matthee new Spur FD

Phillip Matthee will soon be taking over from Ronel van Dijk as FD of Spur Corporation.

Awesome! Nkonki partners with CFO SA and CFO Awards 2018

Nkonki will be the sponsor of the Young CFO of the Year Award at the 2018 CFO Awards. The fast-growing black-owned firm will also partner with CFO South Africa throughout 2018 to help CFOs and finance professionals boost their knowledge, network and career.

Croatian FInTech opens up African micro-loan market

Millions of people in East Africa are paying punitive interest rates for credit or are frozen out of access to financial services