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The CFO Case Study Competition 2018 is ready to go, as is the TV series The chartered accountant has 21 years working experience in the retail, air transport, property management and construction industries Angela Pillay has been appointed group financial director for the Sasfin board of directors Pieter van Buuren has been appointed CFO of construction firm Basil Read Casper Troskie has been appointed new FD of Old Mutual Emerging Markets Tim delivered a fascinating masterclass entitled Accountability in times of #Guptaleaks - when ethics become a competitive imperative We scour our archives to bring you compelling advice from leading executives Humaniq has announced the launch of its Android App to enable users in Africa to access to next-generation financial services with facial recognition The chartered accountant is currently the Acting CFO for Monash South Africa and Finance Director, Laureate South Africa, and is pursuing a master's degree in international business Moody's Investor Services has downgraded Steinhoff's credit rating deeper into junk After a bumper 12 months last year, the pace of China's import growth is set to slow 40 new hotels for Marriott in 2018 will increase its property portfolio to 422 According to Trialogue, companies in SA invested more than R9 billion in CSI last year Rehive has built a flexible, easy to use platform to attract entrepreneurs A key element of Mint's strategy is to provide remittance services via its mobile wallet for its customers The Competition Commission says ArcelorMittal SA can pay off its R1.5 billion fine in installments Steinhoff will restate 2016 financial results and postpone release of 2017 results Elvin de Kock has been appointed CFO of Ansys, replacing Burt Lambrecht André Koekemoer has been appointed CFO of Capital Drilling Manie Mayman has taken over from Cindy Hess as (acting) CFO of Media24 Rui has been the CFO and an executive director at Dis-Chem Pharmacies since August 2012 In Sierra Leone, three financial technology start-ups are setting out to test new ideas on contributing to the SDGs through greater financial inclusion The BCX founder joins executive directors Dean Sparrow and Anton Gaylard, co-founders of Crossfin The industry in Nigeria is being held back by the lack of sound regulation New York-based Media Development Investment Fund has acquired the Mail & Guardian Standard Bank has announced that Lungisa Fuzile will be its new CEO as of 15 January 2018 The actions of a few CAs are not a reflection of the entire CA(SA) population, says the AWCA Moody's believes that Ramaphosa's win as new ANC president is a good start to fighting junk status Mike Brown, Nedbank CEO, has given Cyril Ramaphosa, new ANC president, his full support AYO Technology has listed on the Computer Services sector of the main board of the JSE Steinhoff's supervisory board has nominated Danie van der Merwe as acting CEO This is the long-serving executive's debut nomination It is the first move by a bank to outsource the provision of some of its client-facing banking services to a technology platform Construction firm Murray & Roberts has increased its stake in Bombela to 50% Motus Corporation CFO Ockert Janse van Rensburg is extremely ambitious - literally - having climbed some of the world's highest mountains BCX is investing R100 million to grow scarce digital skills in ICT infrastructure and software programming alongside cybersecurity, fintech and artificial intelligence Sola David-Borha, African Regions boss at Standard Bank, shares her leadership advice Recent uncertainty at EOH, including a huge drop in share price, prompted ex-CEO Asher Bohbot to return Fairfax intended to buy a 23 percent stake in PPC for R2 billion, but the deal has fallen through Sibanye-Stillwater has agreed to buy troubled mining house Lonmin in an all-share deal Kutana: the deal to buy a 51% stake in Grinaker-LTA fell through because of uncertainty about the unit's performance Azar Bank will be South Africa's first 100% black-owned digital bank A deal aimed at helping Aveng become profitable again, by selling a stake in Grinaker-LTA, has been terminated. CFOs spend two-thirds of their waking hours working, but would prefer if this was much less Malegapuru Makgoba and Tshepo Mongalo will join the board of struggling, state-owned Eskom Sola David-Borha moved from Nigeria to Joburg earlier this year to become Standard Bank's CEO for all African regions outside SA. Nomanini is a South African-based enterprise payments platform provider that optimises transactions in the informal market Peter has been lauded for his work at the facilities solutions company Sygnia CEO Magda Wierzycka is a keynote speaker during the star-studded season opener of CFO South Africa and CHRO South Africa on 15 February 2018. Bitcoin passed $18,000 when it began trading on the Cboe on 10 December, causing excitement in some, angst in others Viola has announced an initial closing of $100 million toward a target of $120-$150 million, for a new global FinTech fund Verster takes over from Wim de Klerk, who recently announced that he would be retiring in January 2018 "My pet hate word for 2017 is 'disruptive' - but dare I say it, that's exactly what we are." New solution aims to facilitate Kenya and its highest rate of mobile payment technology adoption in the world. These 10 types of innovation will boost your company's business and upend the market in which it operates The Post Bank should thus become first choice for government and the primary platform for government transactions The investigation concerns Oakbay, Steinhoff, Vodacom, Famous Brands, Super Group, and WG Wearne He will, however, remain CFO of Steinhoff, as no wrongdoing has been found The company was created to address the funding gap left by the formal banking sector and Micro-Finance Institutions in Africa Deloitte will be the principal sponsor at the 2018 CFO Awards. The firm will also partner with CFO South Africa throughout 2018 to help CFOs boost their knowledge, network and career. The growth was largely attributed to strong performance by the agricultural, mining and manufacturing sectors Alexander Forbes posted a positive set of interim results for the six months to end-September, as it continues with the implementation of its much-vaunted turnaround strategy Alex Smith, Altron CFO, will be leaving his role end February 2018, to instead fill the CFO role at Net1 UEPS Technologies Deloitte's Sumendra Naidoo unpacks the incoming XBRL requirements He has been recognised for his efforts in driving finance transformation, African expansion and systems integration at the pharmaceutical multinational The result is an IT global force that will use data and digital capabilities to empower decision-makers The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions Team UMCC from the University of Münster, Germany and Team Westville from Westville Boys High, KZN came out tops The recently appointed public sector CFO is also the winner of the 2017 BWA award in the Government category Ovamba co-founder Viola Llewellyn has become the first female African tech founder to speak at Slush's Central Stage Leading neuroscientists, robotics and data scientists share their thoughts on what AI and robotics mean for the continent. Moody's has placed all global scale ratings assigned to several South African corporates, including two SOEs, under review for downgrade Brian Joffe's investment firm Long4Life has agreed to buy Cape Town-based Chill Beverages for R452 million Coal of Africa has replaced CFO De Wet Schutte with Brenda Berlin, Impala Platinum Holdings CFO South African FinTech startup Fo-Sho has launched a product aimed at making short-term insurance with long-term benefits via self-insurance widely accessible The two retail businesses will also be merged into one, reporting into MMI deputy group CEO, Mary Vilakazi (pictured) Nigerian and Kenyan FinTechs have made the prestigious list of 50 emerging companies in the sector Listed distribution and industrial brand management company Barloworld maintained its revenue and operating profit levels from continuing operations As of 1 December 2017, Makwana takes over from Gavin Dalgleish as Illovo Sugar South Africa chairman of the Board The deputy CE shares his thoughts on technology, integrity, and the crucial role of the CFO in business and in nation building FNB retained its Incumbent Bank title at the African FinTech Awards 2017 Wayne has completed a trifecta of nominations, after also receiving recognition in 2017 and 2016 The independent companies have applied to the Competition Commission for approval to unite under the umbrella of the Airlink group of companies Ovamba has facilitated a large-scale cocoa distribution deal Show your team how much you value them and they'll go above and beyond, the finance head says. South African born and educated William Etzine recently joined Trump Hotels to head up their finance department UK FinTech Glint has launched a service which enables customers to own portions of gold bars and make payments using the bars The CFO SA MD talks about the dangers of not speaking up, being honest, and standing firm Three of Glencore's directors, including CFO Steve Kalmin, to serve on the board of subsidiary company, Katanga Mining Prof Woolard is the first woman to lead the university's faculty of economic and management sciences Pieter van Buuren has resigned as York Timber CFO, with Gerald Stoltz filling the position in an acting capacity A new EY survey shows that more than one-half of financial executives globally intend to pursue acquisitions in the coming year The two companies have join forces to stir micro-enterprise growth As of end February, 2018 Berlin will no longer head up Impala Platinum's finance division The University of Pretoria graduate has been recognised for his sterling work at the municipality Kentin Welgemoed has been appointed CEO of JSE-listed Spanjaard Standard Bank operates with a model that lists five value drivers. And financial outcomes are not even number 1, 2 or 3. Bidvest Group's banking unit has agreed to buy Hermanus-based FinGlobal for an as-yet-undisclosed sum. We talk to Lushen Pather, who recently announced a move to SARB, about his time as Sasfin CFO. Cooper Tire & Rubber Co. has named Joubert a director of the company, effective immediately. Naspers has announced that it has appointed Calvo Mawela as the new CEO of Multichoice South Africa Bytes Document Solutions (BDS) has appointed Vivek Venkatkumar CA(SA) as its new financial director. TFG expands its portfolio through acquisitions Josef Langerman, Group Head: Software Engineering and Organisational Change, talks about new ways of working at scale. Finance executives who flocked to the last CFO Summit of year in Johannesburg were treated to exclusive insights from Standard Bank's 'super economist' and treated to a thought-provoking panel discussion with business leaders. Law firm Bowmans has appointed the highly experienced Jo-Ann Pohl as CFO. Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has issued a $150 million convertible bond on the London Stock Exchange’s new International Securities Market (ISM). The second Singapore FinTech Festival began this week, featuring over 25 000 participants from over 100 countries and more than 160 leaders from central banks and regulatory agencies, financial institutions, venture capital firms and fintech companies taking to the podium. “Ever since I can remember, I’ve had a strong drive to succeed. My father also taught me something at a very young age: ‘Don’t do something unless you’re intending to do it exceptionally well’. I still live by this,” says Liaan Kretzschmar, CFO/FD of Jaguar Land Rover South Africa and Sub-Sahara Africa. BDO South Africa will be merging with the Cape Town and Port Elizabeth offices of Grant Thornton, effective 1 March 2018. 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. Nigerian online payments provider Amplify has partnered with banks in the West African nation to let clients conduct transactions via WhatsApp, Facebook Messenger and other social messaging platforms through its innovative mTransfers solution. It will be launched before the end of 2017. Amplify helps businesses accept recurring payments online within minutes from customers in over 100 countries. It plans to bring banks closer to a new generation of social media-savvy clients and provide consumers with a more convenient way of banking. “Social and messaging apps are six of the 10 most popular mobile applications across platforms in Africa. We believe that vibrant and digitally savvy consumers want financial services to meet them where they are, in the channels and platforms they use,” said CEO Segun Adeyemi. “We have built mTransfers to empower banks and other financial institutions to blend their payment process into the everyday lives of their customers and provide an engaging user experience for them,” said Maxwell Obi, the startup’s chief technology officer. Any business that doesn’t make a shift towards digital is ultimately staring down the barrel of redundancy, says world-of-work guru Raymond de Villiers of TomorrowToday Global. CFOs are key enablers of the decisions that need to be made to make this change, Raymond said, before unpacking eight future-proof elements of successful business models. Afrimat Limited this week listed on A2X Markets (A2X), South Africa’s newest stock exchange, which began trading on 6 October 2017. Afrimat joins African Rainbow Capital Investments, Peregrine Holdings, and Coronation Fund Managers, all of which are already listed on the exchange. Chinese vehicle manufacturer, Beijing Automotive Group South Africa (BAIC SA) has appointed Batandwa Mdyesha (pictured) as CFO, effective immediately. 4 Africa Exchange Proprietary Limited (4AX), one of only two exchanges in South Africa with a full licence to trade across asset classes, has announced its first listing in the fast-moving consumer goods (FMCG) industry, CA Sales Holdings Limited. Fica specialist ThisIsMe stormed to victory at the first time of asking in the Innovative Banking category at the African FinTech Awards 2017, hosted at the Finance Indaba Africa at the Sandton Convention Centre in October. The FinTech firm, which has experienced exponential growth over the past year and has already surpassed the notable milestone of one million verifications, also claimed the overall title along with reigning champion Easy Equities. Globetrotting head of finance Wayne Beifus has left his position at British American Tobacco (BAT) South Africa, after being promoted to head of finance for the West Europe area, based in Paris. South African FinTech Jumo has secured $24 million in funding into Africa and Asia. London-based Gemcorp Capital and Finnish development finance company Finnfund were the loan providers. Cabinet has approved the National Minimum Wage Bill, and draft legislation will now be referred to Parliament for further deliberation. Following this, President Zuma will be required to officially sign it into law.CFO TV series back on screen
ArcelorMittal SA's Dean Subramanian nominated for CFO Awards 2018
LibFin CFO appointed group FD for Sasfin board
Basil Read appoints new CFO
Casper Troskie swaps Liberty Holdings for Old Mutual
WATCH: UCT's Dr Tim London at Finance Indaba 2017
5 leadership tips from top CFOs
UK FinTech Humaniq launches biometric app in Africa
Monash SA's Alvin Liew nominated for CFO Awards 2018
Steinhoff downgraded deeper into junk status
China import growth to slow in 2018 after bumper 2017
Marriott International to open 40 new luxury properties this year
SA companies invest over R9 billion in CSI in 2016/2017
WATCH: Rehive's Michael Brink at the African FinTech Awards 2017
Dubai's Mint to integrate blockchain into existing tech
ArcelorMittal SA to pay R1.5 billion fine in installments
Steinhoff says it will restate its 2016 financial results
Ansys appoints new CFO
Capital Drilling appoints new CFO
Manie Mayman appointed Media24 acting CFO
Dis-Chem's Rui Morais nominated for CFO Awards 2018
FinTechs spur financial inclusion in Sierra Leone
Isaac Mophatlane joins Crossfin board
FinTech has potential to create 3 million jobs - former Nigerian minister
Mail & Guardian newspaper sold
Standard Bank appoints Lungisa Fuzile new CEO
The AWCA restores credence to the CA(SA) designation
Moody's: Ramaphosa could turn SA around
Nedbank CEO backs Ramaphosa
AYO Technology lists on JSE
Steinhoff trying to fill CEO role
Aspen's Sean Capazorio nominated for CFO Awards 2018
Investec forms groundbreaking partnership with UK FinTech
Murray & Roberts buys another 17% stake in Bombela
I like to set high goals for myself and enjoy the journey to achieve them, says Motus CFO, Ockert Janse van Rensburg
BCX pours R100 million into digital skills development
Be purposeful, says Standard Bank boss, Sola David-Borha
EOH founder Asher Bohbot returns to the firm
Fairfax and PPC deal terminated
Sibanye-Stillwater acquires Lonmin for R5 billion
Kutana group clarifies its position on Grinaker-LTA empowerment deal
Lebo Gunguluza launches digital bank
Aveng agreement to sell stake in Grinaker-LTA terminated
CFOs struggling to achieve elusive work-life balance - survey
New board for Eskom
Meet Standard Bank's new African Regions boss, Sola David-Borha
WATCH: Nomanini's Wim van der Beek at Finance Indaba 2017
Servest's Peter Walsh nominated for CFO Awards 2018
Be the change: Magda Wierzycka keynote at CFO + CHRO event
Bitcoin debuts on major exchange
Israeli fund targets global FinTechs
ArcelorMittal South Africa appoints Kobus Verster as CEO
ZAR X CFO Ebrahim Ally recounts the gruelling journey of starting a stock exchange
Opera launches web payment platform in Kenya
Larry Keeley: Building breakthroughs in your business
SAPO banking licence nearing completion
FSB investigates suspect trades and possible insider trading
Ben La Grange resigns as CEO of STAR
WATCH: Ovamba's Marvin Cole at Finance Indaba 2017
Breaking! Deloitte partners with CFO SA and CFO Awards 2018
SA's economy rallies in Q3, grows 2%
Alexander Forbes continues turnaround with solid results
Altron CFO leaves to join Net1
Are you ready for the CIPC's new reporting standards?
AstraZeneca's Osman Mia nominated for CFO Awards 2018
Decision Inc. mergers with Resolve Immix
Bahrain launches largest regional FinTech hub
Meet the winners of The CFO Case Study Competition 2017
Only do that which you can answer for, says Xoliswa Hlongwane, Ushaka CFO
Ovamba co-founder makes historic Slush conference appearance
Gird your loins - the robots are coming to Africa
Telkom under review for downgrade - Moody's
Long4Life to buy SA drinks company
Brenda Berlin new Coal of Africa CFO
InsurTech Fo-Sho looking to transform SA marketplace
Khanyi Nzukuma resigns as Momentum Retail CEO
African FinTechs feature in KPMG report
Barloworld makes gains, considers logistics exit
Mpho Makwana appointed Illovo SA Board chair
CAs must lead from the front, says Deloitte's Sihlalo Jordan
WATCH: FNB's Peter Alkema at Finance Indaba 2017
Omnia's Wayne Koonin nominated for CFO Awards 2018
Airlink and Safair to merge
African FinTech Awards winner Ovamba moves into commodity exports
Things aren't always as easy as you're used to: Chris Patricios, group CFO of Primedia
Former Sun City CFO joins Trump Hotels as VP Finance
UK FinTech launches gold-bar based payment service
The silence is killing us, says Graham Fehrsen
Katanga CFO resigns; Glencore CFO steps up
Stellenbosch appoints Ingrid Woolard as dean of economics
York Timber CFO resigns, acting CFO appointed
Acquisitions on the agenda in 2018 - EY
Mastercard partners with SA FinTech Spazapp
Brenda Berlin, Implats CFO, to step down
City of Tshwane's Umar Banda nominated for CFO Awards 2018
Spanjaard welcomes new CEO
Clients first! FD Arno Daehnke reveals Standard Bank's five value drivers
Bidvest Bank to buy FinGlobal
The CFO is the wingman to the CEO and the business, says Lushen Pather
South African CFO Tracey Joubert enjoys success abroad
Calvo Mawela new Multichoice CEO
Vivek Venkatkumar new BDS FD
TFG continues UK growth with Hobbs acquisition
To drive innovation, you need to allow failure, says Standard Bank's Josef Langerman
Business needs to help shape SA's future: CFO Summit looks to 2018
Jo-Ann Pohl new Bowmans CFO
First African convertible bond lists on London Stock Exchange
Singapore FinTech Festival draws global interest
Leaders become great because of their ability to empower others, says Liaan Kretzschmar, Jaguar Land Rover CFO
BDO will be bigger and better after Grant Thornton merger
Finance flash: the TOP-10 articles of week 45, 2017
Nigerian FinTech Amplify launches social media banking solution
CFOs must rethink their entire way of working, says Ray de Villiers of TomorrowToday Global
Afrimat lists on A2X
Batandwa Mdyesha new BAIC SA CFO
CA Sales Holdings Limited lists on 4AX
WATCH: ThisIsMe at Finance Indaba 2017
Wayne Beifus new BAT head of finance for Western Europe
SA FinTech Jumo lands $24m fund injection
Cabinet approves Minimum Wage Bill
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