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Prosus started trading at EURO76 on the AEX market and R1,238.50 on the JSE market. OK was once the country's largest retailer and the first-shop for thousands of South African shoppers. This giant retail business with twelve thousand employees was given away to its rival, Shoprite, for a token amount of one rand. The Meditation for Business CEO will talk about how to future-proof your productivity at the Finance Indaba. A recent analysis of bank executive remuneration looked at how executives' salaries have changed. Digital transformation is taking place in SA, but it still has minimal impact on hiring decisions. Stander and other opposing board members were ousted after the suspended CEO was re-elected as a director. 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. Standard Bank, FNB and Castle top the BrandZ Top 30 Most Valuable South African Brands 2019 ranking. This after Sibanye-Stillwater bought Lonmin, making it the biggest platinum producer in the world. One year after she was appointed as Group CFO of Sasfin, Angela Pillay chatted to Georgina Guedes about being part of CEO Michael Sassoon's new vision for the bank, and being able to deliver an excellent set of results in her first year. Also: Vox Telecom South Africa and RMB agree to buy out Investec as part of R2 billion recapitalisation. The settlement sees Regiments Capital selling its Capitec shares to the Transnet Second Defined Benefit Fund. PPC CFO Tryphosa Ramano supports the not-for-profit organisation Time for Change in her personal capacity. She says that it's important to give what she can to make an impact on someone else's life, because she has succeeded in life because her community supported and uplifted her. The CFO reports that the financial services group has managed to stand by its earnings target. AKA Africa provides sustainable business solutions for both the public and private sectors. The country's 164 days without load shedding have resulted in unexpected second-quarter GDP growth. Dr Tim London explains that to maximise learning in your organisation, you have to let your people lead. The ex-Truworths CFO and House of Busby CEO will commence his duties on 14 October. The new CFO brings with her critical skills to support the stabilisation of the finance department. CFO Mark Steyn says that services, freight and property performed well, while electrics and commercial products struggled. The Global Alliance Seguros SA CFO discusses the challenges of her role - which include cyclones. Also: Redefine Properties against Delta-Rebosis Merger and Safari Investment shareholders against Comprop takeover. The Eskom Pension and Provident Fund has announced Linda's appointment with effect from 1 September. Andrey's appointment will "help the company move through the next stages of growth". The council's failure to appoint a new CFO before the end of August will place tremendous pressure on the metro. Absa CIB junior market risk analyst Shumani Tshifhango was awarded for "playing a shaping role in society". Imperial Logistics delivered unsatisfactory performance says CFO George de Beer, but there's room for strategic growth. 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. SNG Grant Thornton provides meaningful, forward-looking advice to publicly and privately listed clients. Manufacturing might hit a wall when it discovers the cost of implementing new technologies says Arthur Goldstuck. Earlier this year, Nedbank received a letter from the JSE acknowledging the banking group's high standards of financial reporting for the year ended 31 December 2018, and in particular, it's IFRS disclosures. CFO South Africa invited Raisibe Morathi, Nedbank Group CFO, to share her insights into achieving such recognition for reporting at this level. ACS-Embrace boasts a 100 percent implementation success rate because of their local presence, expertise and understanding. Italtile's Tsundzukani Mhlanga accredits leveraging robust cost leadership and unparalleled customer experience. Altron Karabina provides innovative technology solutions and services that are relevant and impactful. Also: Implats relinquishes control of Sunday Lake and Sebata sells majority stake in the Water Group. Verimark's Bryan Groome discusses the risks he took to open up opportunities for personal growth. If you earn more than R48,753 per month, you are in the top one percent of earners in SA. According to Sage's annual Productivity Tracker, R7.2 billion was lost to admin in the last year. The Payments Association of South Africa has reduced the cheque limit from R500,000 to R50,000. 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. Laughs, common ground and sharp insights punctuated a dinner with high calibre finance execs. Alex will be sharing how to create new behaviours and continuously strive for innovation at the Finance Indaba. Mascareignes Financial Management is a financial advisory firm offering bespoke solutions. James will be succeeding Timon Drakesmith as Hammerson CFO with effect from 1 October. Mteto, who is also a CFO Awards judge, wrote the book to inspire those born in difficult circumstances. Bizmod's Sandi Hager explains what change management challenges you need to overcome to ensure success. Lori explains that owning your time is more than just scheduling your tasks into the calendar. The results were boosted by the inclusion of a full year of production from Moab Khotsong and Hidden Valley. These nominees looked back on the months following up to and the night of the 2019 CFO Awards. Hari Ganesh Kumar says automated systems should tell you there's a problem before you know about it. Akintola Williams was the first African to qualify as a chartered accountant in England. Afrocentric Health CFO Hannes Boonzaaier is simple about his approach to helping the company to achieve a Level 1 rating: "You just look at what's got to be done and you do it." Also: Choppies plans to sell South Africa store and Fairvest abandons Safari Investments merger. Mitchell is awaiting the approval of his intra-company transfer permit and visa to work in SA. 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.Prosus makes a strong entry into the stock exchange market with listings on AEX and JSE
How to sell a business for one rand - the strange story of OK Bazaars
Stress management and resilience-building are critical workplace skills says Barbara Parker
Bank CFOs salaries increased by more than double from 2008 to 2018
Robots lining up to take your finance jobs? Not yet, says Michael Page's Lars Fischer
Choppies CFO Heinrich Stander resigns after CEO Ram Ottapathu takes over board
Finance flash: the TOP-10 articles of week 36, 2019
South Africa's Top 30 most valuable brands exhibit resilience and customer focus
Sibanye-Stillwater and Implats make JSE Top 40 index
Angela Pillay: Happy to be telling Sasfin's "good news" story
M&A Roundup: Sun International and Redefine Properties exit Nigeria
André du Plessis: Transnet settlement is at the expense of Capitec
CFO Cares: PPC CFO Tryphosa Ramano takes making a change into her own hands
Momentum Metropolitan Holdings' Risto Ketola very pleased with year-end results
Find out how AKA Africa aims to build a self-sustainable Africa at Finance Indaba
Eskom will do whatever it can to avoid load-shedding, says COO Jan Oberholzer
The rise of "learner-constructed" learning: Get on board or get behind
Ascendis Health appoints Mark Sardi as CEO to support company turnaround
Lesibana Fosu appointed as PRASA's first permanent CFO since 2014
Bidvest's balanced portfolio delivered "credible" results despite tough economy
Being a CFO is all about being flexible and able to adapt to change says Nilza Mngomezulu
M&A Roundup: Naspers, Imperial Logistics and the JSE in the news
Linda Mateza has been appointed as EPPF's new chief executive and principal officer
Andrey Maruta has been appointed as the new CFO of Kore Potash
Nelson Mandela Bay Business Chamber president Andrew Muir calls on council to appoint new CFO
Absa CIB Excellence Award winner Shumani Tshifhango takes his mother to Mexico
Amplified strategic focus, unprecedented change and tough decisions for Imperial Logistics in 2019
Finance flash: the TOP-10 articles of week 34, 2019
Find out how SNG Grant Thornton supports dynamic organisations at Finance Indaba
The manufacturing industry is falling behind in ICT investment
Nedbank Group CFO reveals three key themes in reporting excellence
Local ERP products with local support make for successful implementations
Italtile reports creditable performance despite exceptionally difficult trading conditions
Altron Karabina joins Finance Indaba line up
M&A Roundup: South32 confirms market speculation and Adrenna delists from JSE
Youngest CFO of a listed company: Acting as an FD gave me the launchpad I needed
Do your earnings place you among the richest one percent of South Africans?
Unnecessary admin is costing SA businesses R229 every second of the day
Planning on writing a cheque for more than R50,000? Think again
CFOs and travel Special Feature part 4: Acer Africa FD Estelle Tait comes prepared
Cape Town CFOs get ready for the future
African success stories have key learnings on mindfulness and self-belief says Alex Granger
Mauritian Mascareignes Financial Management moves into Africa through Finance Indaba
Hammerson appoints James Lenton as its new CFO
Altron CEO Mteto Nyati's autobiography "Betting on a Darkie" on sale now
Avoid these five change management pitfalls in your compliance projects
"What if I told you time is not the enemy?" says Beyond the Dress's Lori Milner
Harmony Gold announces gold production and cash flow increases in year-end results
CFO Awards 2019 nominees reflect on the rigorous judging process
Get your finance tech to deliver foresight, not hindsight says Thomson Reuters
Africa's first chartered accountant Akintola Williams turns 100
Afrocentric Health CFO explains how the company achieved a Level 1 BEE rating
M&A Roundup: Steinhoff sells assets and Standard Bank sells stake in ICBC Argentina
Massmart appoints Walmart veteran Mitchell Slape as CEO
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
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