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25 April 2016

It's time to disrupt the funding landscape in SA, says Outsourced CFO's Louw Barnardt

Massive outflows of foreign capital from our borders. Slow economic growth and tough global trading conditions. Difficult regulations and red tape. Upscaling private companies in SA is a massive task. But if we’re serious about growing our base of job-creating private companies, something needs to be done. As a nation desperate for job creation, we need to delve deep in order to understand the critical constraints for unlocking growth. These are the thoughts of Louw Barnardt, co-founder and MD of Outsourced CFO, a financial management boutique of CAs which assists private company clients in gaining access to innovative funding solutions. The SAICA SME report states that, “According to SMEs, the main reasons for business failure are overwhelmingly cash-flow related”. A business of any size and in whichever industry needs financial stability to operate sustainably. Aiming to expand is an even more complex objective that requires SMEs to raise growth finance. Taking this into consideration, how can SMEs be expected to operate sustainably as well as grow, if accessing finance proves to be one of their greatest obstacles? The SAICA SME report concluded that SMEs start with too little capital, collect debtors late, are subject to bad debts, and have overheads that are too high. Government expects that 90 percent of new jobs will come from SMEs. Therefore, big businesses and the public sector need to realise that SMEs will be crucial for growth of the fiscus as well as the private sectors turnover. This then concludes that SME growth is not only to the benefit of the SME, but in the best interest of big business and the public sector.

22 April 2016

Exclusive chat to SNG's Victor Sekese about Oakbay audit: `No political interference`

Audit firm SizweNtsalubaGobo (SNG) has not been approached by anyone from the Gupta family or from the cabinet of president Jacob Zuma, says Victor Sekese, CEO of the firm that was announced this week as the new auditor of Oakbay Resources and Energy Limited, owned by the controversial Gupta-family. Sekese says SNG has consulted with Oakbay’s former auditor KPMG “and established that there are no professional and ethical reasons not to accept the client”.

22 April 2016

Five tech trends CFOs cannot ignore - a chat with KPMG's Frank Rizzo

“I have always had a passion for technology,” says Frank Rizzo, who is in charge of the technology sector and of data & analytics at KPMG across Africa. Frank is a popular speaker at CFO South Africa events, combining ultra-current insights with an easy presentation style. In an exclusive interview with CFO South Africa, Frank speaks about his love for technology, the way CFOs should use data, and his plans to increasingly work with incubators and startups. Frank also lists five technology trends CFOs cannot afford to ignore.

21 April 2016

Newsletter:Nhlanhla Nene appointed director at Allan Grey | The CFO is Key to Business Agility | Join the CFO Awards 12 May

CFO South Africa Newsletter | Thursday 22 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Nhlanhla Nene appointed as partner at Allan Grey “Nhlanhla Nene (pictured), former South African finance minister, has been appointed a non-executive director at investment management firm, Allan Gray. The CFO is key to business agility, says Alexander Visser, CFO of P... “Although he originally intended to pursue a career as a banker, a realisation that he wanted to be involved in a more tangible business convinced Alexander Visser, the new CFO of Philips Procurement, to instead focus on finance. "I chose Philips because of the strong role finance had in decision making. I felt I could make a strong impact from the get-go." http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> The CFO Study Competition earns global stature "Entries for The CFO Case Study Competition have officially closed, with an overwhelming final tally of 1,278 aspirant registrations comprising 320 competing teams representing 53 universities and institutes from 25 different countries across five continents. The participants are all competing for the right to be crowned with the coveted 'CharterQuest Future CFO & Business Leaders 2016’ Award plus scooping the R100,000 cash prize. Read more exclusive articles on CFO.co.za - SA Reserve Bank to raise rates twice more this year - EOH buys Aptronics for R194 million - Finance Indaba 2016: Future-focused HR is Clarkhouse Human Capital'... - Building successful and compliant teams for Africa, by Citibank's E... - KPMG invests further into the Africa Regulatory Centre of Excellence CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

20 April 2016

SA Reserve Bank to raise rates twice more this year

According to a recent Reuters poll, South Africa’s Reserve Bank (SARB) will raise interest rates twice more during 2016, despite the state of the country's economy, as inflation remains stubbornly above the Bank’s comfort level. These results were obtained via a Reuters survey of over 30 economists, who seem convinced that the Reserve Bank's interest rate hiking cycle is not over. Economists now expect the repo rate to end the year at 7.5% – a quarter of a percent higher than was expected in March, when the Bank raised rates by 25 basis points to 7.0%. In addition, the polled economists opined that inflation is only expected back on target in two years' time. Rates have been hiked 200 basis points in the last two years. Inflation is expected to accelerate and average 6.7% this year, much more than last year’s 4.6%. The poll found that it will ease to 6.3% in 2017 and 5.7% in 2018.

14 April 2016

Newsletter: | Prof Nkuhlu: CFOs need courage and competence | Transparent at the Finance Indaba | Public Sector: Can the CFO be a true business partner?

CFO South Africa Newsletter | Thursday 14 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Prof Nkuhlu: CFOs need courage and competence “CFOs need to be role models,” says Professor Lumkile Wiseman Nkuhlu, South Africa’s first black chartered accountant, current chancellor of the University of Pretoria and an often-cited inspiration for members of our CFO community. CFO South Africa had the pleasure of an exclusive interview with the 72-year-old finance elder, who will be the guest of honour during the 2016 CFO Awards on 12 May. Finance Indaba 2016: Transparent aims to help firms recover funds “We will be talking about how businesses can recover working capital, not only from eliminating double- and over-payments, but also from improving efficiencies and using our payment analysis reports,” says Carolina van der Ark from Transparent, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is. http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> Can the CFO be a true business partner, and is there really such as... "The biggest challenge for public sector CFOs is supporting the mandate. Some mandates are unfunded or contradictory,” said one of the participants at last night’s round table for public sector CFOs, held at the Menlyn Boutique Hotel. The evening’s discussion centered on effective communication and reporting to stay in control, and posed the questions of whether or not the public sector CFO can be a true business partner, and whether it is possible to ever really have control of the business. See pictures from the event here. Read more exclusive articles on CFO.co.za - Learning from the best: new DigiCore CFO Nicholas Bofilatos - Junk status: SA will know its fate in June - Insights from Deloitte's Ghana CFO Report - CEO Mark Barnes: Post Office to return to profit in 2018 - The four taxes that helped Sars collect R1 trillion - Adcock Ingram sells Indian unit for R336 million CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

13 April 2016

Finance Indaba 2016: Transparent aims to help firms recover funds

“We will be talking about how businesses can recover working capital, not only from eliminating double- and over-payments, but also from improving efficiencies and using our payment analysis reports,” says Carolina van der Ark from Transparent, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

12 April 2016

Insights from Deloitte's Ghana CFO Report

The recently released Deloitte CFO Survey for West Africa delivered various insights gleaned from CFOs operating in Nigeria and Ghana. The report revealed many interesting things, for example, that CFOs in West African countries are more positive about their growth prospects than their Southern African counterparts. It also revealed that they are, however, less optimistic than their East African counterparts. What exactly did West African CFOs have to say?

12 April 2016

Learning from the best: new DigiCore CFO Nicholas Bofilatos

The 33-year-old Nicholas Bofilatos is one of South Africa's youngest CFOs, having recently succeeded Cobus Grove as DigiCore CFO, after vehicle and fleet tracking firm was bought by the American digital solutions behemoth Novatel Wireless in October 2015. We spoke to Nicholas about learning from his predecessor and from other peers during our CFO events, about his promotion and about combining his hectic work with a family life - including young twins.

08 April 2016

Can the CFO be a true business partner, and is there really such as thing as control, pondered SA's public sector CFOs

“The biggest challenge for public sector CFOs is supporting the mandate. Some mandates are unfunded or contradictory,” said one of the participants at last night’s round table for public sector CFOs, held at the Menlyn Boutique Hotel. The evening’s discussion centered on effective communication and reporting to stay in control, and posed the questions of whether or not the public sector CFO can be a true business partner, and whether it is possible to ever really have control of the business. See pictures from the event here.

07 April 2016

Newsletter: 3 trends CFOs cannot ignore | How can firms use the cloud | Join the CFO Awards 12 May

CFO South Africa Newsletter | Thursday 7 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles How Oceana bought Daybrook Fisheries - CFO Imraan Soomra reveals “The acquisition of Daybrook has put us years ahead,” says Imraan Soomra, CFO of Oceana. The Cape Town-based fishing company was already Africa's biggest, but burst onto the global stage with the spectacular acquisition of Daybrook Fisheries in the US last year. We spoke to Imraan about the finance transformation and culture change that laid the platform, the adrenaline of the deal and his future ambitions. Preparation is key to successful M&A “Walking away is the hardest thing to do when your deal’s very attractive. But if you have a walk-away point that makes it very easy. And you have to have that,” said Imraan Soomra, Group FD, Oceana Group. “It’s about the preparedness. If you always know in the back of your mind why you’re doing this, it becomes easier to be objective about a walk-away decision.” Imraan was speaking as a member of the panel at last night’s CFO South Africa event, Preparing your business for M&A activity, the first in a two-part series. He was joined by Deon Fredricks, CFO, Telkom; Nick Matthews, Partner, Head of M&A, KPMG South Africa; and Andrew Balnaves, Executive VP, Corporate and Investments, Standard Bank. http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> Finance Indaba 2016: Sage One explores how firms can use the cloud "The future is mobile and we are giving our customers the power to control their businesses from the palm of their hand," says Steven Cohen from Sage One, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is. Read more exclusive articles on CFO.co.za - 3 trends in the legal industry CFOs cannot ignore – by Yvonne Wakef... - Retirement for celebrated Remgro CFO Leon Crouse, founding CFO of V... - Old Mutual Wealth CEO says it could be a FTSE 100 firm - S&P affirms MTN rating as Nigerian fine still looms - Meet CFO Awards 2016 nominee Charl Keyter, CFO of Sibanye Gold - Commissioner Tom Moyane says Sars collected R1 trillion in tax - IMF cuts Nigeria's growth forecast CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

06 April 2016

Distell aiming to double sales by 2020 through M&A

According to Richard Rushton (pictured), Distell CEO, to offset slow growth in its home market South Africa, the company intends to double sales and profit over the next four years by way of cross-border acquisitions. The South African liquor producer, which makes various ciders and brandies, as well as the popular Amarula Cream, earns 75% of its annual R12 billion revenue and R1.2 billion headline earnings in South Africa; a country whose economy is forecast to grow by just 1% this year. Rushton, speaking to Reuters, said:

06 April 2016

Finance Indaba 2016: Sage One explores how firms can use the cloud

"The future is mobile and we are giving our customers the power to control their businesses from the palm of their hand," says Steven Cohen from Sage One, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

01 April 2016

Top CFOs reveal their M&A dreams & nightmares - join us on 6 April 2016

Oceana CFO Imraan Soomra played a huge role in the acquisition of Daybrook Fisheries in New Orleans, growing the market cap of the Cape Town-based fishing firm with about 50%. DigiCore CFO Cobus Grove was instrumental in saving the vehicle-tracking company from demise and selling it to the US firm Novatel Wireless. Deon Fredericks rose through the ranks at Telkom, to eventually take over the CFO job in the most difficult of times and guiding the acquisition of Business Connexion through tricky turns. All the while, these three finance bosses also still had a normal business to run...

31 March 2016

Newsletter: Finance vs internal auditors - time to end the bloody wary

CFO South Africa Newsletter | Thursday 31 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Finance vs. internal auditors: time to stop the bloody war “Here come the auditors” is a rally cry that is often heard in organisations. Being in Internal Audit for twenty-five years I have found that there has always been a distinct sense of rivalry and antagonism between the finance department and Internal Audit. Very much like the Blues and the Reds where we - the internal auditors - are seen to be on different teams, fighting each other. With the winner being the one who can either hold out or the one who can attack and get the results. Quietly confident about deals in 2016, says KPMG's M&A guru Joh... KPMG’s M&A guru John Geel says he is “quietly confident” that 2016 is going to be a good year for mergers and acquisitions in South Africa. In an exclusive interview with CFO South Africa he reveals that he expects the number of deals to be “at least equal to last year, if not more”. Bonitas and Liberty discuss merger wo of South Africa’s largest medical schemes‚ Bonitas Medical Fund and Liberty Medical Scheme (LMS)‚ have announced they are in discussions to merge. Andrew Edwards (pictured)‚ executive principal officer for LMS, said: "While negotiations are at an advanced stage‚ member consultation is imperative and various regulatory processes still need to be satisfied for the transaction to be concluded.” Read more exclusive articles on CFO.co.za - Financial services sector to spend R122bn on BEE - Fort Hare SA’s top achiever in accounting board exams - CFO Case Study Competition sees record number of entries - Japanese investment bank Nomura opens SA office - No shortage of buyers for Barclays Africa - Meet CFO Awards 2016 nominee Johan Geel, Group Financial Director o... Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 250 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

30 March 2016

To SPAC or not to SPAC? An interview with #FinTech financier Greg Voigt

"The traditional PE model is stale and battling with an ever increasing amount of regulations and complexity," says Greg Voigt, chief investment officer at special purpose acquisition company M-FiTEC that listed on the JSE’s AltX board at the end of last year. We spoke to him about the advantages of a SPAC over other financing forms, the opportunities for FinTech in South Africa and his ambitions with M-FiTEC.

28 March 2016

Finance vs. internal auditors: time to stop the bloody war

“Here come the auditors” is a rally cry that is often heard in organisations. Being in Internal Audit for twenty-five years I have found that there has always been a distinct sense of rivalry and antagonism between the finance department and Internal Audit. Very much like the Blues and the Reds where we - the internal auditors - are seen to be on different teams, fighting each other. With the winner being the one who can either hold out or the one who can attack and get the results.

24 March 2016

Newsletter: Keep doing what your are doing and you will fail | Everything CFOs should know about fraud |Local talent in the spotlight at smashing CFO event

CFO South Africa Newsletter | Thursday 24 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles "Keep doing what your're doing & you'll fail" - Keith Coats "As you look to the future, the surest way to fail in tomorrow's world is to continue doing what you're doing today." So says Keith Coats, founding partner of TomorrowToday Global, an international consultancy that focuses on the future of leadership, global trends, strategy, diversity and talent. Keith will be speaking at the upcoming CFO Awards, held at Summer Place on 12 May 2016. The crucial role of the risk register: a chat with Aveng Infraset's... Thobeka Ntshiza, Financial Director of Aveng Infraset and a finalist in the 2015 SAICA Top 35-Under-35, is a regular at CFO South Africa events and believes that peer-to-peer learning is a non-negotiable. "You actually cannot afford not to attend such events. It's part of your growth and development as an FD, and in the CFO space," she says. Thobeka also believes in the importance of having your finger on the pulse of the company's financials, and going "into the trenches" to check the health of the business. Local talent in the spotlight at smashing CFO event 'Moving into Af... Innovative ways to identify and develop top local talent in African countries were the hottest topic of conversation during an extremely insightful CFO South Africa event about Moving into (the rest of) Africa, hosted by Standard Bank at its impressive Rosebank premises on 16 March 2016. Vibrant CFO panel discussions alternated with insights from experts from Thomson Reuters and Spencer Stuart, while attending CFOs also had the chance to get involved. Read more exclusive articles on CFO.co.za - Beware the geeks - dinner guests discuss CFO's crucial role as big ... - Bonitas and Liberty discuss merger - Everything CFOs should know about fraud – a chat with EY’s Susan Br... - Sanlam full-year profit mostly unchanged - No shortage of buyers for Barclays Africa - Meet CFO Awards 2016 nominee Deon Fredericks, CFO of Telkom Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 250 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

22 March 2016

The crucial role of the risk register: a chat with Aveng Infraset's FD Thobeka Ntshiza

Thobeka Ntshiza, Financial Director of Aveng Infraset and a finalist in the 2015 SAICA Top 35-Under-35, is a regular at CFO South Africa events and believes that peer-to-peer learning is a non-negotiable. "You actually cannot afford not to attend such events. It's part of your growth and development as an FD, and in the CFO space," she says. Thobeka also believes in the importance of having your finger on the pulse of the company's financials, and going "into the trenches" to check the health of the business.

17 March 2016

Local talent in the spotlight at smashing CFO event 'Moving into Africa'

Innovative ways to identify and develop top local talent in African countries were the hottest topic of conversation during an extremely insightful CFO South Africa event about Moving into (the rest of) Africa, hosted by Standard Bank at its impressive Rosebank premises on 16 March 2016. Vibrant CFO panel discussions alternated with insights from experts from Thomson Reuters and Spencer Stuart, while attending CFOs also had the chance to get involved.

17 March 2016

Newsletter: The best finance leaders have an external outlook | SA has world's highest rate of economic crime | New CFO Magazine out now

CFO South Africa Newsletter | Thursday 17 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Rhinos, tenders & transformation: a chat with SANParks CFO Raje... "SANParks is a large, multifaceted organisation with several focal areas, including tourism, conservation and the management of estates. This mix creates a different level of complexity. I would say SANParks is far more complex than other environment where I've worked," says Rajesh Mahabeer, CFO of South African National Parks (SANParks). Standing up for what’s right - public sector CFOs discuss leadershi... A round table for public sector CFOs took a fascinating turn when one of the participants told how she had stood up against wrongdoing and taken her superiors to court. Hosted by CFO South Africa and partner KPMG the discussion on 15 March 2016 at the Marion on Nicol focused on leadership, and specifically asked whether good leadership and its relationship with fear. KPMG's Ahmed Jaffer: The best finance leaders have an external outlook "I am a firm believer that more CFOs should go outside of the finance department to see what is going on in the rest of the business and outside of it," says Ahmed Jaffer, long-time Partner and Chairman of the Board at KPMG in South Africa. Read more exclusive articles on CFO.co.za - Simplicity key to unlock data for fleets - Aon CFO dinner report - Give African executives opportunity to develop: Pratik Chandaria (A... - CFO Case Study Competition draws huge number of entrants - Ciko Thomas appointed head of retail and business banking at Nedbank - SA has world's highest rate of economic crime, says PwC - Meet CFO Awards 2016 nominee Osman Arbee, CFO of Imperial Holdings Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner CFO South Africa Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Shay van Huyssteen at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

14 March 2016

Give African executives opportunity to develop: Pratik Chandaria (Africa Advisory Group)

Contrary to perceptions, there is a strong potential pool of great local business leaders in Africa," says Pratik Chandaria of Africa Advisory Group, a company specialising in recruiting executives and developing the next generation of leadership for Africa. "The strength of the leadership pool is defined by the potential you see in it. This means you have to be willing to give leadership talent the opportunity to develop; particularly in Africa where leadership skill sets are still developing. I rank the pool highly in terms of potential."

10 March 2016

Meet CFO Awards 2016 nominee Matone Ditlhake, FD of Groupe SEB South Africa

Matone Ditlhake | Financial Director | Groupe SEB South Africa Matone Ditlhake - current Financial Director of Groupe SEB - started his career as a trainee with PricewaterhouseCoopers. After leaving PwC, Ditlhake strated working as a Cluster Financial Analyst for Citigroup. In 2009, Ditlhake gained his first experience in leadership related roles while working as the Managing Director of Ditlhake Africa Investments (Pty) Ltd. In 2014, mister Dilthake became the Finance Director of Groupe SEB South Africa. In this role, he leads the IT, Finance Procurement functions of Groupe SEB. In addition to his work as the Finance Director of SEB, Ditlhake is a Member of the Council for both Ditsong Museums South Africa and the Nelson Mandela Museum. For his work as the Finance Director of Groupe SEB South Africa, he has been nominated for the CFO Awards 2016.

10 March 2016

Newsletter: Join our Moving into Africa event 16 March | How to succeed in Africa | Gov should help black investors to buy Barclays Africa

CFO South Africa Newsletter | Thursday 10 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Gov should help black investors to buy Barclays Africa, says Vusi T... The decision of Barclays Plc to sell down its 62.3% interest in Barclays Africa could be great for the African continent, says entrepreneur and investor Vusi Thembekwayo. He says the “South African government should step in” and create an opportunity for “a cohort of black investors that are pro-development and behind the National Development Plan”. Join our Moving into Africa event about knowledge & talent on 1... People and knowledge are at the centre of attention during this year’s CFO event Moving into Africa, on Wednesday 16 March at the Standard Bank office in Rosebank on 30 Baker Street. CFOs who will their experiences on the continent will include Alexander Visser (Philips Africa), Mohammed Abdool-Samad (Illovo) and Greg Davis (Standard Bank Africa). Experts from knowledge company Thomson Reuters and executive recruiter Spencer Stuart are also at hand to provide insight. How to succeed in Africa: 5 questions for Kamal Patel (Thomson Reut... Local talent, knowledge and understanding of the local context is crucial for businesses to be successful in African countries north of South Africa, says Kamal Patel, Head of Corporates & Partnerships at Thomson Reuters. Kamal is one of the exciting speakers lined up for our CFO event Moving into Africa on Wednesday 16 March 2016. To get to know him we contacted him - during a business trip in Ethiopia! - and asked him five questions. Read more exclusive articles on CFO.co.za - Brian Joffe, Bidvest Group CEO, to step down - KPMG identifies top influences of FDI into Africa - As growth in SA slows, Santam looks to new markets - Vodacom and Neotel deal falls through - Meet CFO Awards 2016 nominee Evan Tsatsarolakis, CFO of Taste Holdings - What CFOs should learn from baseball - introducing CFO Awards speak... Joint the next CFO Event "Moving into Africa" Wednesday 16 March 17.00 - 20.00 - Standard Bank, Rosebank We invite you to join us for the CFO South Africa event Moving into Africa - Fit to compete or last over the line? In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join CFOs and Africa specialists discussing what really works around talent development to accelerate your business’ potential. Hear how institutional knowledge is being backed up with smart platforms and local insights. Being fit enough is about having a plan and building incrementally - don’t get left behind! Program 17.00 Opening & Reception 17.30 Master Class - Fit to compete or last over the line? 17.40 Panel debate - Building from the ground up. 18.00 Executive hiring - trends in Africa by Moula Mokhbo-Amegashie, Partner sub-Saharan Africa Spencer Stuart. 18.10 Panel debate - Local know how is more important than institutional or corporate knowledge. 18.30 Combining talent and knowledge for business - what does the future hold? by Kamal Patel, Head of Corporates & Partnerships, Thomson Reuters. 18.45 Closing comments CFO Panel: Greg Davis (CFO Rest of Africa, Standard Bank) Mohammed Abdool-Samad (CFO, Illovo Sugar) Alexander Visser (CFO Philips Africa) 19.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

09 March 2016

How to succeed in Africa: 5 questions for Kamal Patel (Thomson Reuters)

Local talent, knowledge and understanding of the local context is crucial for businesses to be successful in African countries north of South Africa, says Kamal Patel, Head of Corporates & Partnerships at Thomson Reuters. Kamal is one of the exciting speakers lined up for our CFO event Moving into Africa on Wednesday 16 March 2016. To get to know him we contacted him - during a business trip in Ethiopia! - and asked him five questions.

07 March 2016

Join our Moving into Africa event about knowledge & talent on 16 March

People and knowledge are at the centre of attention during this year’s CFO event Moving into Africa, on Wednesday 16 March at the Standard Bank office in Rosebank on 35 Baker Street. CFOs who will their experiences on the continent will include Alexander Visser (Philips Africa), Mohammed Abdool-Samad (Illovo) and Greg Davis (Standard Bank Africa). Experts from knowledge company Thomson Reuters and executive recruiter Spencer Stuart are also at hand to provide insight.

06 March 2016

Mike Lysko, AYE: taking eventing to the next level through tech

Mike Lysko was up to his elbows in the event space when the makings of a brilliant idea started to take root in his mind. He frequently saw people at events lined up (im)patiently waiting their turn to talk to the flushed assistant at the information desk. He noticed others lugging around reams of print materials handed out at seminars and presentations, or walking in circles around the venue, unsure where their next session was being held. Then there were those surprised to hear post-event that they'd missed a great special valid only on the day, or struggling to get in touch with an exhibitor whose wares had caught their attention but whose business card they'd misplaced. The idea nagged at him until he paid it enough attention for it to germinate properly into a concept, and then, with the help of a tech incubator, BizSpark, into a business: AppYourEvent (AYE). "I always knew I wanted to start a company in the tech space," says Lysko, who has always found the tech sector intriguing. He launched AYE in 2014, though its beginnings were humble, as he could only dedicate time outside of his 8-5 job to the business. His first client was HobbyX, an annual craft and hobby expo that attracts 30 000 attendees, and which he secured through a personal connection. "They were looking for a solution because they wanted to do away with all the print material," explains Lysko. "They could see the trend was there for such a solution." Lysko used HobbyX's database to conduct a survey, asking customers about the pain points they experienced or what features would be useful should HobbyX put together an app for their event. Based on the results of this market research he then developed an app prototype. After the event he dissected the data and tweaked the app accordingly. "It was a great learning experience," he says. "There was about a 30% change." A year later AYE had become busy enough that Lysko left his full-time employment to focus on the company. He bootstrapped it entirely, investing everything he had into the fledgling business. But it paid off, and in little over six months AYE's staff contingent had grown from Lysko alone to six staffers on the payroll. Better still, AYE has already been used at events in 15 countries, and has several high-profile clients on its books, including Sage Pastel, The Rockefeller Foundation, Smart Procurement, and Oracle. While the app was not an entrant in the awards, Lysko and his team were nominated to create the app for the MTN App of the Year awards. "That was a big milestone," he says. Lysko believes the tech has been quite disruptive to the event space. "In the sense that your traditional marketing methods have been changed with this app because you’re alerting users to personalised messages or notifications," he says. Rather that printing out stacks of bulk material for attendees, all the info they need it accessible literally at their fingertips. Better yet, the generated data is incredibly useful for planning of future events, debriefing of past events, or reporting back to sponsors, partners or other event role players. "With the app you are able to say to a client, 'your sponsorship banner received x number of views or taps'," Lysko explains. "So you can give real ROI to sponsors." For users, the uses are myriad, and can be enjoyed at the event as well as before and after. Attendees who download the app ahead of the event can connect with and communicate with other attendees ahead of time, scheduling networking sessions if they so choose or simply exchanging information. They can introduce themselves ahead of time to a speaker or person of importance they might like to meet on the day. And, because the programme for the event is live through the app, any updates, changes and reminders are in real-time, and users can access details of planned presentations, participate in live polls or surveys, or peruse available reading material ahead of a session they might be attending. As with many businesses, there have been some small hiccups along the way. "Getting people to buy into the idea initially was quite a challenge," Lysko says. "There were clients but they were hesitant." It also took some time getting acquainted with the rules and regulations of the Google and Apple app stores, in order to get each app onto the platform for download. "Learning about those submissions and processes was challenging at first, but now I've got a good relationship with them," Lysko says. Each app for each client gets put through this same process before it is made available on the app stores. Thus far, AYE has published close on 35 full apps and 40-plus prototypes, though Lysko anticipates this number will continue to grow, and quickly too.

03 March 2016

Newsletter: 5 ways CFOs can save costs on legal services | Barclays to leave Africa | CFOs now need to look beyond survival

CFO South Africa Newsletter | Thursday 3 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Jo Pohl (Telesure): risk should be a competitive advantage What does it mean for a CFO to move jobs and industries? How can you benefit most from the window of opportunity in the first 100 days? How do you quickly find colleagues you can trust? We ask these and other questions in a candid interview with Jo Pohl, an early supporter of CFO South Africa who moved from Standard Chartered Bank to insurance group Telesure in October 2015. “I can’t wait to go to work every day.” CFO Awards: recognising CFOs as leaders, strategists and drivers of... Professors Wiseman Nkuhlu and Mervyn King will be among the most eminent of guests at this year’s CFO Awards – an annual event that has quickly established its status as South Africa’s finance Oscars. This year's edition on 12 May at the elegant Summer Place in Hyde Park promises to be bigger, bolder and better than ever. 5 ways CFOs can save costs on legal services - by Yvonne Wakefield As budgets are reviewed and department heads pressed to justify their spend, Heads of Legal or General Counsels (GCs*) shouldn’t be spared. Legal spend is one budgetary item that need not be as high as it often is. Discerning GCs have their ears to the ground and are aware of the increasing number of cost-saving tools and service providers specifically positioned to help them achieve their goals. Read more exclusive articles on CFO.co.za - CFOs now need to look beyond survival, says KPMG's Alwyn van der Lith - FinTech Africa event: fascinating insights in #blockchain at Barcla... - JSE reports excellent results for 2015 - Barclays to leave Africa - Blue Label Telecoms and Cell C deal near conclusion - Massmart CFO, confirms retailer is making greater moves into Africa - MTN pays Nigerian government R3.8 billion and withdraws court case - Goodwell Investments acquires minority stake in Musoni Services Joint the next CFO Event "Moving into Africa" Wednesday 16 March 17.00 - 20.00 - Standard Bank, Rosebank We invite you to join us for the CFO South Africa event Moving into Africa - Fit to compete or last over the line? In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join CFOs and Africa specialists discussing what really works around talent development to accelerate your business’ potential. Hear how institutional knowledge is being backed up with smart platforms and local insights. Being fit enough is about having a plan and building incrementally - don’t get left behind! Program 17.00 Opening & Reception 17.30 Master Class - Fit to compete or last over the line? 17.40 Panel debate - Building from the ground up. 18.00 Executive hiring - trends in Africa. (Spencer Stuart) 18.10 Panel debate - Local know how is more important than institutional or corporate knowledge. 18.30 Combining talent and knowledge for business - what does the future hold? (Thomson Reuters) 18.45 Closing comments CFO Panel: Greg Davis (CFO Rest of Africa, Standard Bank) Mohammed Abdool-Samad (CFO, Illovo Sugar) Alexander Visser (CFO Philips Africa) 19.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Also read more about the call for speakers. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

28 February 2016

Massmart CFO, confirms retailer is making greater moves into Africa

South Africa's current economic and retail situation has prompted Massmart to look for more opportunities in Sub-Saharan Africa. Through its Game, Builders Warehouse and DionWired brands the retailer already has exposure to markets including Botswana, Kenya, Nigeria, Mozambique and Zambia. Massmart grew total sales by 8.4% to R84.7 billion for the year to 27 December 2015 and reported growth of 6.7% in comparable stores, while gross margins grew to 18.9%, compared with 18.6% in the previous year. For the period under review Massmart opened five stores outside South Africa, raising its total number of stores to 38. The retailer plans to open a further five stories outside South Africa over the next two years. Johannes van Lierop, Massmart CFO, was quoted in the media as saying that the recently opened stores would boost the company’s full year 2016 results. However, the retailer has said it sees the pace of expansion into the continent as moderate and measured. Van Lierop said:

26 February 2016

FinTech Africa event: fascinating insights in #blockchain at Barclays Rise

A Dutch “prophet of the future", a forward-thinking Barclays boss and a group of amazing South African FinTech pioneers engaged in some intriguing discussions and short presentations during FinTech Africa’s Blockchain event in Cape Town on 25 February 2016. The gathering of around 80 FinTech professionals and enthusiasts was hosted at the marvelous Rise innovation hub of Barclays Africa at the Bandwidth Barn in Woodstock.

26 February 2016

CFOs now need to look beyond survival, says KPMG's Alwyn van der Lith

Times have been tough the last two years in the mining and oil & gas industries, and many CFOs are struggling to get out of survival mode, says KPMG partner and experienced industry expert Alwyn van der Lith. “Great CFOs and their teams now need to look beyond survival and focus on growth, expansion and acquisition that will follow the survival phase. It is a given that CFOs are looked at to maintain controls throughout all the other challenges, with less people and less expenditure on systems and process. In addition, the CEOs are looking for more strategic thinking in CFOs. A challenge indeed.”

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