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Standard Bank's CFO of Group Tech says that CFOs "sticking to their knitting", could result in the next large corporate failure. Blacfox provides a platform for connecting business and technology providers The working capital marketplace for corporates and their supply chains has realised turnover growth of over 2 000% Attacq has announced the appointment of Melt Hamman as permanent CEO and Raj Nana as CFO. Dushnisky replaces outgoing CEO and executive director Srinivasan Venkatakrishnan. "It is enabling different types of distribution, through to new types of economies, such as the shared economy or the ecommerce economy." Eskom has reported a loss after tax of R2.3 billion in a disturbing set of results that reveal that the state-owned enterprise's woes are far from over. Specialist in software solutions Associated Computer Solutions (ACS) offers state-of-the-art enterprise resource planning (ERP) software "This adds perspective on a short-term, day-to-day basis when decision-makers within organisations
are faced with choices," says Philip Nottingham, a.b.e. Construction Chemicals CFO. South Africa's first ever CFO Journey was dubbed the country's best ever event for finance executives by the 20 leaders attending the 24-hour programme around innovation and value creation. Billionaire businessman Christo Wiese has been caught up in a case in which Sars claims that a law firm at which he was an executive, ENS, helped multinational oil company Tullow shift about R3,9 billion in assets out of the country The first ever CFO Journey, a two-day programme designed to touch the brains and hearts of finance leaders, was off to a great start with 20 top CFOs learning and networking together. Nine out of 10 FinTech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies The impairment of its Australian department store chain David Jones means Woolworths will report a loss. Following the announcement, the steel maker's share price jumped five percent. Annual sales growth for Shoprite, Africa's biggest supermarket chain, has slowed in Angola. The two entities have invested R2.6 billion into platinum venture funds. 4AX has welcomed diversified financial services group Vunani Capital as its newest approved Issuer Agent. The judging panel of the annual CFO Awards received yet another high-quality injection with the addition of Herman Bosman, CEO of RMI and RMB Holdings. The video-streaming service saw shares drop by 15 percent, after adding one million less users than predicted. Envisionit E-Escrow facilitates and secures online and real-world transactions, taking the risk out of buying and selling. Zimbabwean President Emmerson Mnangagwa was on hand as C-Trade, the country's online and mobile shares trading platform, went live. South Africa's first ever CFO Day was an incredible success, with a top cast of 130 finance leaders learning and networking together during a thought-provoking programme that touched head, heart and soul. A small group of CFO Day attendees were treated to something of an M&A master class. Nando's founder Robbie Brozin and Super Group CEO Peter Mountford discussed how to retain a spirit of entrepreneurship in large organisations at CFO Day. Optimism is key. TransUnion CEO Lee Naik and disruptor Ian Russell discussed the attributes that future CFOs need at CFO Day. PPC's Tryphosa Ramano and Deloitte Consulting Africa's Thiru Pillay urge their colleagues to exhibit discipline, honesty and integrity. Speaking at CFO Day, Altron CEO Mteto Nyati shared the learnings from his own turnaround journey at the company. The Bloomberg Billionaires Index has pegged the Amazon founder's net worth at $150 billion. An incredible selection of finance executives flocked to Marble Restaurant in Rosebank on 17 July for the first ever South African CFO Day. The annual event is the best opportunity for CFOs and FDs to learn and network together. Blockbonds, together with I&M Bank Rwanda, has announced the full product rollout of SPENN. Anglo American Platinum is expecting first-half profits to increase by 350 percent. "We forward-hedge where we can but need to carefully manage our budgets and allow for exchange rate volatility." Durban finance leaders are in agreement: if you want to drive innovation and value creation, people hold the key. Amazon Web Services has announced the launch of a new Amazon CloudFront Edge location in Cape Town. While the number of loan applications has stayed the same, new consumer credit is down by 10 percent. Saudia Arabia has pledged to invest as much as R133 billion in the country, primarily in renewables. A $1 billion injection to finance programmes will expand trade between SA and the rest of Africa. Kobus Roesch has been appointed as the new Standard Bank CFO of Investment Banking, with effect from 1 June 2018. Standard Bank appointed Sibusiso Xaba as the new CFO of Transactional Products and Services on 1 June 2018. In a deal worth R23 billion, the South African fund has acquired seven casino and hotel businesses. Only a few short days left until SA's top CFOs and business leaders gather at Marble Restaurant for CFO Day. Merafe Resources has announced the appointment Ditabe Chocho to fill the role of FD when Kajal Bissessor leaves in August. Absa has overhauled its look and mission and changed its name as the bank enters a new Afro-centric era. "So many people - even in big corporates - have no idea what Excel is capable of and how to work smart instead of hard." On 18 July 2018, Growthpoint Properties will list on A2X, the first property listing on the exchange. Successful private equity is about patience, measured risk, and critically the right marriage of management and funder, says RMB Corvest CEO Mike Donaldson. It takes the same long term view and prior homework as a marriage - with the same extensive potential for mutual benefit. Finance chiefs are looking to add workers to boost digital transformation Backed by National Treasury, SARB has guaranteed more than R300 million in retail deposits at VBS Mutual Bank. Keep your CFO's hands off the tech budget, and put your CIO on the board. Consumer credit reporting agency TransUnion helps consumers and businesses stay safe from fraud. Mobile payment app Zapper makes its debut at this year's Finance Indaba. Top educator Graduate School of Business at the University of Cape Town to exhibit at this year's Finance Indaba. The Banker has released a list of the world's top 1,000 banks, on which five South African banks are named. Sean Capazorio's Finance Transformation Award winner speaks to us about the global success of Aspen Pharmacare, the role of finance and how he managed to turn the numbers from cold figures into good stories. PwC has launched a Japanese-Africa desk to facilitate investment and partnerships, and improve links between businesses in Africa and Japan. Domestic new vehicle sales grew by three percent in June, beating industry expectations. SA's foreign-exchange reserves have dropped from $43.36 billion to $43.02 billion, says the Reserve bank. "State of Innovation" survey reveals numerous obstacles CIOs face, despite tangible benefits and ROI from innovation investments. Alvin Liew has announced his resignation as CFO of Monash South Africa, with effect from August this year. Phumeza Nhantsi says her dismissal was based on unfounded allegations regarding a tender with BnP Capital. This is the ninth listing for the still fairly new exchange. Fast-track your confidence and success with Excel Academy's interactive workshops. Dropbox Business takes teamwork to the next level, allowing you to scale your business smartly. Click2Sure offers a scalable and modular digital insurance solution. Specialist financial recruitment company Blue Recruiting will be exhibiting at this year's event. Patrice Motsepe's African Rainbow Capital is reportedly in talks with the Commonwealth Bank of Australia to become the sole owner of digital bank TymeDigital Claire Coward was appointed as the new CFO of Peregrine Holdings on 1 June 2018. The third annual Women's Dinner is set to create opportunities and inspire women leaders this August. Mobasheer Patel will be the new CFO of Media24 with effect from 1 September 2018. Anglo-American Platinum (Amplats) shares rose on Friday on the back of a favourable trading update for the six months to end June. If someone's late for a meeting, here are some insights that will help you to cope with the stress. The money will be used to expand the transmission network in the Northern Cape. It has also raised additional capital to fuel growth in agriculture, food processing and financial services. Enterprise technology management company Blue Turtle has unveiled a new go-to-market strategy. South Africa's trade surplus grew to R3,52 billion in May, up from a R1,17 billion surplus in April. The two CEOs say they "look forward to the combination of the businesses". It is a global emerging market selloff - the highest on record - driven by a US-China trade disagreement. "More and more companies are looking at how they can exploit technology to increase their competitive edge." Execs are also considering spinning one of the entities off and trading the shares separately. With global economic performance improving, CFOs' worries have shifted toward their companies' abilities to capitalise on opportunities and potential threats. Take-home pay is under pressure, and South Africans are feeling the pinch. SAA's former acting CEO Musa Zwane and CFO Phumeza Nhantsi have been fired after being suspended in March. Impala Platinum (Implats) has appointed Meroonisha Kerber after the resignation of Brenda Berlin. FNB is once again the best digital bank in the country, according to Columinate's latest SITEisfaction survey. The company restructured and rebranded to create an enhanced platform for growth, says CEO Teddy Daka. The South African Broadcasting Corporation has announced the appointment of Yolande van Biljon as their new CFO with effect from 25 June 2018. Tsholofelo Molefe is the new CFO at Telkom. She officially starts in the role on 1 July, taking over from Telkom veteran executive Deon Fredericks, who moves into the newly created role of chief investment officer. BP's Udayan Sen and Afrisam's Leon Serfontein share their thoughts on the CFO Awards experience. South African media and e-commerce behemoth Naspers reported a massive 72 percent rise in annual profit on the back of yet another imperious showing from Tencent. The board chair said this week that the SABC needs to be run like a commercial entity. Trade uncertainty has risen to be the biggest risk for corporations, according to the latest CNBC Global CFO Council quarterly survey
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EDIT The remaining firm will be headed by Marius Swanepoel until 2019, when Mohammed Akoojee will take over. "The bulk of my team is female. If I reflect on how well the finance function operates, I think this has a lot to do with their diverse views." A much-anticipated report from the US Treasury on regulatory reforms for the FinTech sector is set to recommend the use of regulatory sandboxes and fintech charters at both a state and federal level The company intends to use the money improve its tech and expand into new markets. The country's current account deficit widened to 4.8 percent of GDP in Q1, as exports slumped. Company CEO Lawrence Mac Dougall says the strategy has them looking at the whole of Africa. Investment company Brait has reported a R10,15 billion loss for the year to end March. The financial services group announced today that it has entered into an agreement to buy 100 percent of Prescient Life. Time management and efficiency drives are becoming ever more significant as the role of the CFO broadens to encompass non-traditional duties Capitec, Nedbank and PIC have been shortlisted to buy Mercantile Bank, with the PIC leading a consortium. Excel Academy and CFO South Africa have teamed up to deliver a signature online course at a price that's hard to beat - but Friday midnight is the deadline for using the discount code. Concor recently appointed their Senior Executive in the Group Executive Committee, Fikile Mhlontlo, as the acting Group CFO. And leaders need to understand this, says Prof Tim London of the UCT Graduate School of Business. While mobile has been around for more than a decade, it's only now being included as part of the broader communications strategy and not added as an afterthought to the creative process Following an extensive investigation, Saica has charged former Eskom CFO Anoj Singh with misconduct. Odwa Mhlwana, Denel CFO, has been placed on special leave pending a disciplinary investigation. Accounting and auditing firm Ngubane & Co offers a full fiduciary service Finance Minister Nhlanhla Nene has asked Mark Kingon to stay on for a further three months. Retailers to benefit from analytics tools, FinTechs from a joint platform The company is seeing excellent returns from Tencent and other e-commerce businesses. There's more competition in the country's banking sector, and this one is all-women-owned. Fuel price increases have the greatest effect on motorists, public transport users, non-electrified households, and farmers. CFOs are growing increasingly concerned about data security threats, according to the Duke University/CFO Global Business Outlook Director of the UCT Graduate School of Business Mills Soko has resigned from his role for personal reasons. The university is making strides in its mission to broaden access to quality education Sea Harvest is leading a consortium of black investors in the purchase of Viking Fishing for R885 million. CFO SA caught up with some of this year's CFO Awards nominees. Financial services group Alexander Forbes has reported a 16,8 percent decline in headline earnings per share of 44,4 cents per share.CFOs SHOULD be involved in tech, says Standard Bank's Sean Berrington
Blacfox joins the Finance Indaba 2018 lineup
UK's Crossflow becomes fastest-growing FinTech globally
Attacq appoints CFO Melt Hamman as permanent CEO
Kelvin Dushnisky new AngloGold Ashanti CEO
Technology is a massively positive disruptor, says Click2Sure founder Daniel Guasco
Beleaguered Eskom uncovers R19 billion in irregular expenditure
ACS Embrace partners with Finance Indaba 2018
Employees should treat the company's resources as their own, says a.b.e. Construction Chemicals CFO
Incredible value and innovation at SA's first ever CFO Journey
Sars takes aim at Christo Wiese - reports
CFO Journey: finance leaders learn about hope, innovation and value creation
FinTechs told to follow the money or crash and burn
Woolworths in the red
ArcelorMittal announces return to profitability
Chronic shortage of foreign currency impacting Shoprite in Angola
Amplats and the PIC make massive platinum investment
Vunani Capital joins forces with 4AX
Here's why RMI CEO Herman Bosman joins the CFO Awards judging panel
Netflix shares nosedive
Envisionit E-Escrow partners with Finance Indaba
Zimbabwe launches revolutionary share-trading platform
Unparalleled learning and networking at first ever CFO Day
5 tips from PSG CEO Piet Mouton on how to buy businesses
CFO Day: Optimism is key to the future of SA business
CFO Day: Do CFOs have a future? Yes, but it's digital
Importance of ethical leadership highlighted at CFO Day
CFO Day: People need meaning to thrive, says Altron CEO Mteto Nyati
Amazon's Jeff Bezos named the richest man in modern history
CFOs flock to Marble for first ever CFO Day
Norwegian FinTech launches cost-free payments in Rwanda
Amplats anticipating excellent H1 profits
Exchange rate volatility is our biggest risk, says Jonathan Murphy, CFO of Big Concerts
Durban CFO Dinner: Leaders discuss people and innovation
Amazon Web Services launches new Cloudfront Edge server location in SA
Banks halt lending
SA energy sector to get Saudi Arabian cash injection
Intra-Africa trade and investment gets a boost
Standard Bank appoints new CFO of Investment Banking
Sibusiso Xaba appointed as CFO of TPS at Standard Bank
Hospitality Property Fund acquires several Tsogo casinos
Countdown to CFO Day
Ditabe Chocho appointed as the new FD of Merafe Resources
Absa begins new era with brand refresh
Adults like learning like children - even if they're wearing suits, says Excel Academy's Dan Stillerman
Growthpoint to list on A2X
Partnership in private equity: Q&A with RMB Corvest's Mike Donaldson
CFOs believe digital transformation could mean bigger teams - survey
SARB and Treasury guarantee R300 million in VBS deposits
CFOs - stick to your knitting, says CTO Steven Sidley
TransUnion joins Finance Indaba exhibitor line-up
Hear from Zapper at Finance Indaba 2018
GSB-UCT joins Finance Indaba 2018
Standard Bank named best bank in Africa
8 questions for Aspen CFO Sean Capazorio
PwC launches Japanese desk to facilitate investment on African continent
SA's new vehicle sales surprise
Forex reserves fall by $342 million
Biggest blocker to innovation is overspending on "keeping the lights on" - finance leaders
CFO Alvin Liew resigns from Monash South Africa
SAA's former CFO is claiming unfair dismissal
Anchor Group lists on A2X
Excel Academy to exhibit at Finance Indaba 2018
Catch Dropbox Business at Finance Indaba 2018
Click2Sure teams up with Finance Indaba 2018
Blue Recruiting joins Finance Indaba 2018
Motsepe-backed ARC mulls TymeDigital takeover
Peregrine Holdings appoints new CFO, Claire Coward
Women's Dinner brings out 'Brave and Bold' women leaders
Media24 appoints Mobasheer Patel as CFO
Amplats boosted by operational delivery improvements
The horror of waiting: PwC's Lullu Krugel on the economics of lateness
German bank KfW loans Eskom R1 billion
AFGRI Group Holdings creates investment holdings company AGH
Blue Turtle launches FinTech go-to-market for Africa
SA's trade surplus widens
UK antitrust body clears Sibanye's takeover of Lonmin
Offshore investors scramble to sell their SA bonds
Tech is a game changer, says Elvin de Kock, CFO of Etion Limited
EOH subdivides its business
Trade policy and geopolitics loom large in Deloitte CFO survey
South African pockets are emptier than usual
SAA fires Musa Zwane and Phumeza Nhantsi
Implats appoints Meroonisha Kerber as new CFO
FNB wrests best digital bank title from Capitec
Ansys rebranded to Etion Limited
SABC appoints Yolande van Biljon as new CFO
Tsholofelo Molefe replaces Deon Fredericks as Telkom CFO
The Awards evening was exceptional, and being nominated was an honour, agree CFOs
Naspers reports hefty rise in profit
SABC in the spotlight
CFOs fear effects of US trade war - global survey
Four top CFOs to lead unbundled Imperial and Motus
A CFO must have great interpersonal skills, says Craig Coltman, CFO of De Beers Consolidated Mines
US Treasury FinTech report to make regulatory recommendations
Indian startup Swiggy gets major SA investment injection
Tough times for SA
Tiger Brands looks to North Africa for growth possibilities
Wiese-backed Brait suffers R10,15 billion loss
27four to buy Prescient Life
4 productivity tips for finance professionals
Buyer interest in Mercantile Bank heats up
Finally - your chance to master excel
Fikile Mhlontlo serving as Concor acting Group CFO
Timelines have consequences
More money should be poured into African mobile - MMA SA
BREAKING NEWS: Anoj Singh charged with misconduct
Denel CFO on special leave
Ngubane & Co teams up with Finance Indaba 2018
Acting Sars Commissioner's term extended
Wirecard and Visa enter into strategic FinTech agreement
More profit for Naspers
Another new bank for SA
Another fuel price hike is coming
CFOs concerned about hacking, optimism still high - survey
Mills Soko leaves UCT-GSB
University of Johannesburg set to introduce fully online accounting degree
Sea Harvest to buy Viking Fishing assets
Success is a collective thing, says Marsh Africa's Michelle Pienaar
CEO confident despite Alexander Forbes' earnings hit
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