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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. An unprecedented number of top CFOs will gather to discuss what it means to do the right thing. Altron has acquired iS Partners, along with Karabina Solutions and Zetta Business Solutions, in the deal. Banks are increasingly adopting FinTech because it allows them to improve their business performance and enhance the customer experience. Vodacom has finalised a deal worth R17,5 billion, which will increase its BEE ownership to 20 percent. Finance and auditing software company CaseWare Africa is a global leader in its field. Public Enterprises Minister Pravin Gordhan has promised stricter conditions for SOE guarantees. 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.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
Join SA's top finance execs at CFO Day on 17 July 2018
Altron buys iS Partners in R225 million deal
How is FinTech changing traditional banking?
Vodacom concludes empowerment deal
CaseWare Africa partners with Finance Indaba 2018
Gordhan cracks down on SOEs
Remgro 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
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