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This in a bid to get in on the action, as SA's broadband network expands rapidly. The company's founders will also participate in the Endeavor International Selection Panel later this year. Clothing retailer Mr Price Group posted a 21% rise in full-year earnings, boosted by its MRP Apparel, Miladys and MRP Money divisions, in its latest results presentation The decision comes as investor sentiment starts to look up for the power utility. Business consultancy Intellection builds long-term efficiency solutions Global consumer spend on digital commerce will reach $14.7 trillion by 2022, up by 60% on last year's figure of $9.2 trillion XDS is one of the major providers of consumer and business data to the local market "When we invest in businesses we look at the quality of the CFO; that individual is critical as they become our eyes and ears into the business." Prasa has appointed Sibusiso Sithole as its new chief executive, effective 1 June for a period of 12 months. More than 40 percent of US companies say they plan to boost wages and 38 percent will increase hiring in 2018 because of recent tax reform, according to results of the Duke University/CFO Global Business Outlook CFO SA MD Graham Fehrsen paid a visit to 2018 CFO Award nominees Ajith Haripaul and Pushpender Singla. Head of BCX Ian Russell has announced his resignation, effective end July 2018. The South African Reserve Bank (SARB) has announced that it will soon launch a report on Project Khokha, the first project by its recently launched FinTech Unit The firm has announced a reshaping of the business to strengthen leadership capacity. The Finance Business Partner promises to take you from "calculator to game-changer" Do you 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. "You have to be able to see a future that others can't, and you need to deconstruct that into steps others can take to get there." Alexander Forbes says it anticipates an increase of 4 to 6 percent in profit before non-trading and capital items. Steinhoff Africa Retail says it plans to change its name back to Pepkor Holdings. Mall of Africa owners Attacq have converted to a Real Estate Investment Trust (Reit) on the JSE. According to Deloitte, seven technologies have growing interaction and relevance for how the work of finance get done Cassel & Co's Georgina Barrick talks to us about how the changing trends in finance affect specialist recruitment. The multinational health and care brands company is the first healthcare company to list on the new exchange. Evan Tsatsarolakis announces his resignation as the CFO of Taste Holdings. CFO SA MD Graham Fehrsen paid a visit to 2018 CFO Award nominee Umar Banda. The National Assembly has passed the Public Audit Amendment Bill, giving the AG's office greater clout. Tyrone Soondarjee will be retiring as the CFO of Cell C at the end of this month. African fishing behemoth Oceana Group posted a solid set of results for the six months ended March 2018, as efficiencies on the continent and material volume improvements made an impact Jessica Yellin sat down with FedGroup CEO Grant Field to chat about his business and how he brings Purpose to life. It also has plans to list its Nigerian unit on the Lagos stock exchange by the end of this year. The firms are pushing ahead with efforts to drive innovation in the financial services industry The IDC decided at its AGM not to reappoint KPMG, and chose its new auditors after an open tender process. "The beauty of entrepreneurship is the ability to learn from any experience and use it to better equip yourself." Company chair Mobolaji Balogun wants this done by 2020 so the company can resume its expansion plans. The mining company intends to raise R2 billion from investors to cut debt and buffer working capital. Pravin Gordhan has shaken up the boards at Eskom, Transnet and SA Express, with several new appointments. JSE-listed Tiger Brands recorded a 4 percent decline in revenue to R15,7 billion, for the six months ended March 2018. While the IRBA battles to keep up due to resource constraints, Nene says SA's audit laws need an overhaul. Over exquisite food and wine at Marble restaurant, CFOs swapped notes with Deloitte leaders who were the official partners of this second dinner discussing energy efficiency. Here are a few little tidbits to spice up the conversation when someone asks what you do for a living The CFO must rely on a tech-enabled, data-enabled and business-savvy internal audit function, he says. Recommendations made by the AG's office to improve audit outcomes have also largely been ignored, he says. Mastercard has launched the new programme called Accelerate to drive growth of FinTech firms and help them reach scale at speed Deadlines, pace and face time are among the most important tools to strike a great deal, she says. Following a recent $541 million writedown, the regional CEO has stepped down, not to be replaced. The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants, whose members are some of the world's most sought-after financial professionals. South Africa's Tax Ombud settles tax disputes The rise of economic nationalism, Donald Trump, territorial threats and populist politics pose the greatest threat to the growth of the world's biggest companies, according to a survey of 1 300 CEOs by KPMG Earnings per share increased by 34 percent, while adjusted operating profit jumped 36 percent, to R949 million. Cashflow specialists Cashbook offers state-of-the-art software aimed at automating and facilitating high-volume financial transactions. Mohammed Mahomedy has been appointed as the Interim Group CFO of Transnet. Bitcoin marketplace Paxful plans to set up what it describes as the continent's first blockchain incubation hub in Lagos "It is a very fine balance between high level and detail, because you can't be high level without understanding the detail first." The money will be used to refinance debt at three of the pharma giant's subsidiaries. Judge Raymond Zondo is conducting a judicial inquiry and full investigation into state capture. Investec released its financial results this week, which showed a 44.9 percent increase in headline earnings. While millennials and Gen Z are highly aware of how Industry 4.0 is shaping the workplace, many of them are uneasy about its arrival CFOs and business leaders from partner firms like Deloitte, PwC, EY, Thomson Reuters and Ansarada showered the 2018 CFO Awards in compliments and rave reviews after the successful gala event on 10 May at Constitution Hill. Following initial disagreement over confidentiality, it has been decided that SAA must release its Q4 report. The Rise Fund has signed an agreement to acquire a stake in Cellulant, a leading digital payments provider that reaches 40 million people across 11 African countries Finance heads agree: CFOs and the profession must embody ethical leadership in all that they do. The sale of smart devices is largely responsible for the telecoms company's 8.1 percent revenue increase. Stop asking, "Can I?" and start asking, "Should I?", says Prof Tim London of the UCT Graduate School of Business. Other new interim board members are Louis Zeuner, Ursula Fikelepi, Edward Kieswetter and Dimakatso Matshoga. Paul Marten, previously Microsoft South Africa FP&A Director, has taken up the same role in Canada. Key changes include stronger VAT systems and expanded coverage of income tax. Social media erupted in a warm outpouring of congratulations after the historic election of AngloGold Ashanti's Christine Ramon as CFO of the Year 2018. Financial management company Hyphen manages financial transactions through its industry-leading, custom-built solutions Here are five intriguing and non-traditional accounting jobs you might want to consider FD of Supply Chain Management, Thobeka says business must stop being superficial about risk management. The money raised, which the firm hopes will be in the region of R1.5 billion, will be used to repay debt. Consumer food maker Libstar debuted on the JSE this week, raising R3 billion in the process. QuickBooks is the world's number one accounting solution software program, with more users worldwide than any other program. The CFO Awards 2018 panel discussion at Constitutional Hill challenged business leaders to change their mindsets around social regeneration. Calls for ethical leadership as the first woman CFO takes home the tile of CFO of the Year during the spectacular fifth annual CFO Awards at Johannesburg's Constitution Hill. New guide highlights the impact management accountants have on business sustainability The fast food and quick service restaurant sector in SA contributes 13 percent to GDP. Stefan Joselowitz, CEO, says the premium fleet portfolio was the dominant contributor. Christine Ramon, chief financial officer of gold mining company AngloGold Ashanti, has been named South Africa's CFO of the Year at the 2018 CFO Awards. Online invoice payment system company InvoSet provides an easy-to-use and unique online payment system for suppliers and buyers Process and technology improvements are top priorities for global CFOs within two years The winners of this year's CFO Awards will be announced tomorrow - know who's who. Dean Subramanian, CFO of ArcelorMittal, has resigned to pursue an opportunity outside of the company. This year's finance Oscars are backed by new partners PwC, Workday, Nike and Drayton Glendower. Aspen Pharmacare has opened a R1 billion manufacturing facility in Port Elizabeth. Recruitment specialists Cassel & Co specialise in sourcing and placing finance and
accounting professionals. SA's former deputy finance minister has been appointed as an independent non-executive director at MTN. Bruce Atkinson, CFO of Esor, has tendered his resignation. GWK's Group FD talks about leaving Afgri after 22 years, his new role in agri, and moving to a small NC town. The jump in earnings caused the poultry producing firm's shares to increase by six percent. Vedanta Resources's proposed zinc smelter will be a first for SA since 2011. Fitch has maintained a rating of BB- for Eskom, also leaving it at speculative grade. CIPC commissioner Rory Voller speaks about the efficiency gains and digital drive of the regulator - as well as the big financial reporting shift that your business needs to know about. Barclays Africa Group will no longer be using KPMG as its joint auditors. Futuresense is a silver partner at the 2018 Finance Indaba Africa. The company also expects operating profit to be 15 percent lower than last year. Martin Prinsloo, CFO of Royal Bafokeng Platinum, has tendered his resignation. SA's exports rose almost ten percent, on the back of a trade balance surplus in March. Naresh Tulsie has been appointed Fais Ombud, replacing outgoing Ombud Noluntu Bam. 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. 4AX's Lindiwe Ndlela sees an opportunity for cleansing after the recent scandals that rocked the finance profession. Exxaro previously disposed of a R5.9 billion stake and plans to further disinvest from the US company. The sale of Royal Bafokeng Platinum shares has netted Anglo American Platinum a tidy R390 million. Struggling Zim is considering its options in accessing cash, says Deputy Finance Minister Terence Mukupe Finance bosses at SA's largest banks take home pretty pleasing paycheques. Thabo Phokane has taken over from Peter Walsh as CFO of Servest. Claudelle von Eck, CEO of IIA SA, talks about her five years on the CFO Awards judging panel. SAA CEO has said the airline needs a R5 billion capital injection to make ends meet and settle debt. Lee presented a positive and upbeat take on the risk-opportunity spectrum inherent in the rise of automation and artificial intelligence 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 Commentators put the increase down to profits from advertising 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 The entrepreneur, venture capitalist and reality TV star has been a fixture on the Finance Indaba stage over the past two years Entrepreneurs will benefit from a new incubation programme recently launched in Mitchells Plain. The Companies and Intellectual Property Commission (CIPC) is part of the Department of Trade and Industry (DTI) group Investment holding company Purple Group has reported a decline in revenue of 8% to R34 million in the six months to end-February Deputy Governor of the central bank, Francois Groepe, said South African policymakers had been keeping a close eye on FinTech developments VC-backed FinTech firms raised a record $5.4 billion in the first quarter of 2018 Firms are only slowly adapting to advances in financial technology even when they know it will affect their business models, according to a new surveyRemgro buys a stake in Vumatel
Saryx Engineering wins FNB Business Innovation Awards 2018
Strong online showing sees Mr Price post skyrocketing profits
Eskom's Phakamani Hadebe: Eskom will soon sell foreign bonds
Intellection partners with Finance Indaba 2018
Global digital commerce spend set to breach $14,7 trillion by 2023
XDS joins Finance Indaba 2018
Agile's Tshego Sefolo: The CFO is key to successful PE
Sibusiso Sithole appointed Prasa group CEO
Global CFO optimism levels soar - survey
CFOs wax lyrical about their experience of the CFO Awards 2018
Jonas Bogoshi appointed new CEO of BCX
Reserve Bank to release debut FinTech report
KPMG SA will lose up to 400 employees
Finance Indaba 2018 teams up with The Finance Business Partner
Finance flash: the TOP-10 articles of week 22, 2018
Being a dreamer is key to strategic thinking, says Mali Mothiba, CFO of Progeny Resources Group
Headline earnings drop but profits are up for Alexander Forbes
The return of Pepkor
Attacq now a Reit
7 digital tools that are transforming finance
Finance Indaba 2018: Cassel&Co looking beyond the 'count' in accounting
Ascendis Health lists on A2X
Taste Holdings CFO Evan Tsatsarolakis resigns
It's all about the people, says City of Tshwane CFO Umar Banda
New bill will make Auditor-General more effective
Cell C CFO Tyrone Soondarjee to retire
Oceana delivers solid results
How to get sh!t done with a sense of purpose
MTN to raise R13,8 billion in Nigeria in debt
Abu Dhabi Global Market and KPMG launch innovation challenge
IDC appoints SizweNtsalubaGobodo and Ngubane & Co as joint auditors
The intrepid entrepreneur: Nyasha Madavo, CFO of Black Umbrellas
Lafarge Africa sets ambitious target to increase profit and decrease debt
Petra Diamonds petitions investors for funds
CFO Awards nominee Tryphosa Ramano new SA Express chair
Listeriosis-hit Tiger Brands reports fall in revenue
IRBA struggling to keep up
A crisis is helpful - CFOs get energy-savvy part 2
5 more interesting accounting facts
Deloitte Africa's Rushdi Solomons on rethinking internal audit
Kimi Makwetu: SA municipalities' overall audit outcomes have regressed
Mastercard launches digital banking intiative
A done deal: Webber Wentzel's Megan Jarvis lists six dos and don'ts
Woolworths Australia CEO John Dixon leaves
ACCA partners with Finance Indaba 2018
Tax Ombud joins Finance Indaba 2018
Economic nationalism, Trump the biggest threats to global businesses - study
Pioneer Foods reports 30 percent increase in profits
Finance Indaba 2018 joined by Cashbook
Mohammed Mahomedy new Transnet Interim CFO
Paxful to launch Nigerian incubation hub
Logic and numbers always prevail, says Lucas Verwey, Group FD Distell
Aspen secures euro credit line of R50 billion
Gordhan: State capture may have cost SA R100 billion
Investec lost R220 million due to Steinhoff
Millennials not ready for Industry 4.0 - Deloitte
CFO Awards 2018: high praise from CFOs and sponsors
SAA has to reveal its financials, says Treasury
Africa-focused payments platform Cellulant raises $47,5m
Now is the time for ethical leadership, say the 2018 CFO Awards winners
Vodacom boasts growth in revenue
Leadership essentials: Ethics goes beyond legal considerations
Ramasela Ganda, Public Sector CFO of the Year 2017, joins Transnet board
Paul Marten to move to Microsoft Canada
IMF: Tax reform could boost SSA's revenue by five percent of GDP
SA congratulates Christine Ramon on CFO of the Year 2018 recognition
Finance Indaba 2018 welcomes silver partner Hyphen
5 strange (and wonderful) accounting jobs
We need to tackle the real risks facing SA, says Barloworld Logistics' Thobeka Ntshiza
Sun International to offer 25.9 million shares in rights offer
Libstar lists on the JSE
QuickBooks signs on as Finance Indaba 2018 partner
CFO Awards 2018: A wake-up call for corporate South Africa to play its part
Calls for ethical leadership at breathtaking 2018 CFO Awards
CIMA launches guide to help accountants work towards UN development goals
SA fast food franchising on the rise
Strong growth for MiX Telematics
AngloGold Ashanti CFO Christine Ramon named CFO of the Year 2018
InvoSet and Finance Indaba 2018 partner up
CFOs lack visibility into their organisation's spend - study
Get to know the 2018 CFO Awards nominees
ArcelorMittal's Dean Subramanian resigns from ArcelorMittal
Partners flock to sponsor CFO Awards 2018
PE gets new pharma mega factory
Cassel & Co joins Finance Indaba 2018
Mcebisi Jonas joins MTN board
Esor CFO Bruce Atkinson resigns
I look forward to making a difference, says GWK's new Group FD, Johan Geel
Five-fold increase in H1 earnings for Astral Foods
Vedanta considering an $800 million smelter investment
Fitch keeps Eskom's rating unchanged
Finance Indaba 2018: How CIPC is transforming through tech
Barclays Africa parts ways with KPMG
Finance Indaba 2018: how Futuresense partners with CFOs
Tongaat Hulett's profits drop by 30 percent
Royal Bafokeng Platinum CFO resigns
R9.47 billion surplus for SA's trade balance
Naresh Tulsie new Fais Ombud
Thomson Reuters joins CFO Awards and CFO Day as sponsor
We must purge ourselves of complacency as a profession, says Lindiwe Ndlela, 4AX CFO
Exxaro to dispose of more Tronox shares
Share sale brings in millions for Amplats
Zimbabwe looking to start a wealth fund
Big banks, big bucks
Thabo Phokane appointed as Servest CFO
Showcasing talent brings a level of best practice, says IIA SA's Claudelle von Eck
Vuyani Jarana: SAA needs R5 billion now
WATCH: TransUnion's Lee Naik talks innovation at Finance Indaba 2017
5 unlikely celebrity accountants
Google's Alphabet sees revenue soar
5 benefits of CFOs collaborating with CIOs
WATCH: Vusi Thembekwayo at Finance Indaba 2017
Township-based entrepreneurs get business boost
CIPC joins the Finance Indaba 2018 line-up
Purple Group takes revenue hit
Reserve Bank calls for FinTech harmonisation
Global FinTech funding hits record $5.4bn in Q1
Firms slow to adopt FinTech, executive optimism at all-time high - CFO survey
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