Latest Articles

PwC's Major Banks Analysis shows that South Africa's Big Four banks remain resilient in tough times.

Thabo Phokane, Servest CFO, has big plans, including continuing to drive the company's transformation journey.

Northam Platinum has experienced improved production and higher sales volumes, yet still reports a loss.

Yoco will use the money to expand its network, invest in product development and attract talent.

The telecommunications giant says the latest demands by the Nigerian authorities are "regrettable and disconcerting".

Healthy partnerships between PE investors and businesses nurture solid growth, better governance and a bright future, says RMB Corvest ED Martin Coetzee.

Sygnia will list a secondary listing on the A2X Markets exchange next week Thursday.

Kerushan Govender is the CEO of Blacfox, a technology advisory company that brings IT decision-makers and vendors together.  

Naahied Gamieldien has been appointed as the acting CEO of AYO Technologies with immediate effect.

Basil Read Limited has announced the resignation of Pieter van Buuren with effect from 21 September.

The partner-up between SizweNtsalubaGobodo and Grant Thornton will be at the Finance Indaba 2018.

The company provides a cutting-edge solution to B-BBEE compliance that is easy to understand, plan, assess and implement.

RTBA provides advanced analytical capabilities to financial education learning.

This Finance Indaba platinum partner provides integrated cloud applications and platform services.

This investor marketing agency provides strategic advisory and production services.

IIA is part of an international network representing the interests of Internal Auditors worldwide.

Network with Dis-Chem's Young CFO of the Year at the CFO Summit on 8 November.

Discovery Health grows profits and earnings for the financial year ended 30 June 2018.

The time is ripe for FinTech companies in Africa, says Wirecard South Africa's Peter Stenslunde.

Goalfix offers financial modelling courses and training to business professionals.

Statistician-general Risenga Maluleke announces contractions in the first and second quarters of this year.

Margreet Peverelli tells us about the Cashbook solution and why they're showcasing it at Finance Indaba 2018.

Nichola Dewar, ex South African Post Office CFO, joined A2Pay as of 1 September.

Draftworx provides automated drafting and working paper financial software to about 6,000 accounting and auditing practices.

Fedgroup is a leading independent financial services group.

The company closes the gaps between enterprise development, supplier development and preferential procurement.

Anders Kristiansson has been appointed as Flour Mills' of Nigeria Plc CFO.

Datacentric provides ICT solutions to deliver sustainable value to corporate and public sector organisations.

The company offers unrivalled local expertise and global market knowledge to maximise the potential of properties.

ACL delivers risk management, compliance, and audit software to private and public organisations.

Let AME teach you accounting using visuals and colour at the Finance Indaba.

Absa Group is one of Africa's largest diversified financial services groups.

He has led the Industrial Development Corporation for the past 13 years.

Award-winning eThekwini CFO Krish Kumar says he has no sympathy for those who get caught.

The deputy director general at National Treasury was talking to the Nugent Commission of Inquiry.

The fintech startup provides companies with a simpler way to complete their FICA compliance process.

Oracle and Ansarada get behind the 8 November CFO Summit "Tomorrow Today".

Finance Indaba Africa partners show their commitment to creating outstanding learning and networking platforms.

A series of asset disposals also helped to stabilise things at the retailer.

10X Investments has announced the appointment of Tim Merryweather as their new CFO as of 15 August.

The success of a course depends on the commitment of the employer, says UCT GBS's Tim London.

Group CEO Peter Mountford has called it a "stellar performance despite challenging circumstances".

Lenny Govender has been appointed as the Macsteel Services Centres SA Group CFO.

Zwelithini Vilakazi has been appointed as CFO of BCX after the resignation of Refilwe Nkabinde.

The fine is for Steinhoff's failure to disclose Moody's credit downgrades to shareholders.

The firm provides financial, advisory, technologies and training through a team of top specialists.

The retailer reported a 42 percent drop in profit for the first half of this year.

His first term runs out in November 2019, though he says he's happy to stay on if asked.

Meanwhile, a rival bid from Sinopec has already been approved by the Competition Tribunal.

Revenue was boosted by the inclusion of its US platinum operations and a higher PGMs price.

Recently appointed Afgri CFO says that she's working hard to learn the ropes of the agriculture industry.

Senior executives' observations are often taken as commands. Be sure that your team knows the difference.

Euan McNeil has been appointed as CFO at Flight Centre Travel Group with effect from September 2018.

Ex-director Stehan Grobler has also been suspended amid an ongoing investigation by PwC.

Three conversations have given CFO South Africa MD Graham Fehrsen insight into the future of accounting.

The deal forms part of Comair's diversification strategy and will augment its training business.

Royal Bank of Scotland Group Plc has appointed Katie Murray as the interim CFO.

Ex ArcelorMittal CFO, Dean Subramanian, has been appointed as the new Rand Refinery CFO.

AngloGold Ashanti CFO and winner of four CFO Awards discusses work, women, ethical leadership and family this Women's Month.

The investor service has pegged the country's fiscal debt at four percent of GDP.

Several economies were hard-hit this week, SA losing over R8 billion according to the IIF.

The Bank's first-half profit is up five percent, thanks to its businesses outside of South Africa. 

David Pfaff has been appointed as COO of Truworths International along with his current role as CFO.

Compensation Fund has appointed John-Ross Thando as their new CFO with effect from August.

The alleged improprieties at state-owned fund manager, the Public Investment Corporation, are being investigated.

Blue Recruiting directors Graeme Marais and James Hobson talk about their latest offering: CAs Online.

The real estate company's acquisition of a digital estate agency demonstrates the importance of keeping up with trends.

Global FinTech company Oradian has announced a strategic partnership with the Association of Non Bank Microfinance Institution of Nigeria

The fintech startup provides companies with a simpler way to complete their FICA compliance process.

Increased use of machine learning and cloud services could place the financial world in jeopardy

Network with South Africa's finance elite at the Sandton Convention Centre on 3 and 4 October.

The independent education provider has seen a jump in revenue from R1,051 million to R1,242 million.

South African billionaire Patrice Motsepe's African Rainbow Capital is set to acquire 90% of TymeDigital for an undisclosed sum

Despite having played a huge role in the company's expansion, CFO David Wells has resigned.

Retail Pharmacy International has appointed Wayne Beifus as their new CFO with immediate effect.

Carol Lupiya is the Africa region director for The Finance Business Partner. With a background that spans financial and management accounting and management consulting in public and private sectors, Carol brings her broad experience to companies with the finance business partnering concept - one that she tells CFO Magazine is the key to finance driving better business performance and businesses escaping the 'silo-ism' mentality.

Debbie Ransby, former finance director of Takeda, has been appointed as its managing director.

A rise in capital expenditure pushed up depreciation costs while its share price dropped almost eight percent lower.

Chris van Zyl, Stormers rugby player, keeps himself busy off the field by running an accounting practice.

The University of Cape Town has launched a massive open online course examining the rise of FinTech companies, regulation and related technology.

SARS has announced the appointment of Johnstone Makhubu as their permanent CFO.

July is the first month since the start of this year that the index has risen. 

The future of the finance profession will rely on technological competitive advantage, says Sean Gossel, senior lecturer in Finance at the UCT Graduate School of Business.

Mining company Glencore this week reported a 23 percent increase in first-half core earnings.

The construction firm did however say that it might revisit this in future.

Strong performance from Ecobank, its west African associate, offset a weak showing in South Africa.

He will be replaced by an interim CEO until a suitable full-time replacement can be found.

A recently published report by ACCA looks at the interrelation between businesses and society over the years and the importance of good corporate governance.

The fourth industrial revolution has the potential to disrupt every industry in every country, says UCT-GSB's Rayner Canning.

"I believe in the mantra: in year one you learn, in year two you deliver your best, in year three you make sure you have a successor in place before you target a more challenging opportunity and elevated role."

In addition, the country's gross reserves fell to $50.511 billion in July, down from $50.582 billion.

When times are tough, many companies and organisations instinctively want to tighten their belts - and this often means cutting down on executive training and marketing spend.

Online technology is revolutionising how we do business, says company founder Terence Naidu.

He will be succeeded by Prof. Suresh Kana on 1 October.

Bongiwe Ntuli will be taking over from Anthony Thunstrom as CFO of TFG from 3 September.

Women's Dinner attendees attest, CFO South Africa has gone above and beyond to create events that are relevant to CFOs' challenges and interests.

This on lower foreign exchange losses and financing costs, the company said.

It will be the country's biggest brewery deal to date.

According to the paper company, profit rose to R9.8 billion, up from R7.8 billion.

A report has confirmed that the greater Cape Town area, including Stellenbosch, is Africa's tech capital.

General Motors will have a new CFO on 1 September, when 39-year-old Dhivya Suryadevara takes the reins.

A South African consortium this week launched a new majority black-owned equities brokerage.

Speaking at the CFO and CHRO Women's Dinner, two leading women executives shared the stories of their professional journeys.

The Women's Dinner, held at the Radisson Blu Sandton, tackled the importance of sponsorship of women, by women - and also by men.

FinTech incubator AlphaCode is seeking black-owned FinTech startups and innovators with ideas that could change the face of financial services

Soomra, the company's CFO, has been interim CEO since February this year.

Articled clerk Xolani Ndawonde got in touch with us to let us know how CFO South Africa has motivated him while he completes his studies.

Mohammed will stand in for Osman Arbee, who is away on medical leave until next year.

JSE-listed aluminum producer Hulamin has reported a 77% decline in headline earnings per share for the six months ended June 30

Hanré Rossouw has been appointed as the new CFO and executive director of Royal Bafokeng Platinum from 1 October 2018.

Cuan Hopley is the chief operations officer at InvoTec - the parent company of two fintech solutions called InvoSet and Bizcash, both recently acquired by Investec. They have confirmed their partnership with the Finance Indaba 2018 for the third year running. Cuan talks to CFO magazine about the origin and growth of these companies, as well as what participating in the Finance Indaba means to the group.

Ratings agency Moody's has upgraded Gold Fields' credit rating to investment grade. 

South Africa's economy contracted 2.2 percent in Q1 of this year.

If all goes to plan, construction on the project will begin next year.

"Finance needs to position itself to make sense of all of these new disruptors and technological developments."

KPMG will however remain Gold Fields' auditors for the 2018 financial year to end December.

Africa's FinTechs have received almost $100 million already in 2018, with prospects for the sector looking bullish

Various South African and Chinese projects will benefit from the R8 billion in loans.

South Africa's leading women CFOs and CHROs have been signing up to take part in the Women's Dinner, sponsored by PwC, Workday and Transparent.

"In several global markets, mobile payments have already surpassed cash, becoming the preferred payment method."