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Firms are only slowly adapting to advances in financial technology even when they know it will affect their business models, according to a new survey Currently CEO of the Motus division, ex-CFO Osman Arbee will take over from Mark Lamberti. Futuresense is a niche software-solutions consultancy that works with CFOs, and implements solutions across the full suite of Oracle Hyperion financial software. CEO Francois Gouws says the company is satisfied with the results, especially as times are tough. ZAR X has become a fulcrum for companies basing their financial success on inclusion. Garry Pita has decided to part ways with SOE Transnet, and will be replaced by Mark-Gregg McDonald. Bongani Manzi, Westfalia Fruit's GM of Finance, says he has a future CFO role in his sights. Boitumelo Mosako took the reins as CFO of BDSA on 1 April. Global finance executives remain optimistic about economic growth prospects for the year ahead, according to the 2018 Global Business & Spending Outlook Recent research has shown a need for broader information for effective corporate reporting. Christiaan Engelbrecht took up the role of FD of Rectron on 16 April. Company celebrates Earth Day with the launch of a digital token to accelerate global transition to solar power and a first-of-a-kind Solar Project Insurance Fund to minimise financial risk ACCA says it is vital for accountants to develop their digital understanding and their ethical responsibilities. Victor Sekese, CEO of SizweNtsalubaGobodo, shares his thoughts on five years of judging the CFO Awards. Prof Tim London of the UCT Graduate School of Business cautions on the dangers of having too narrow a view of leadership. Cognitive technologies have been adopted in other areas of business, inspiring finance to start learning about them, experimenting with them, and figuring out how to use them CFO SA MD, Graham Fehrsen, encourages CFOs to do the right thing. One of SA's oldest companies, Sanlam, has secured a secondary listing on A2X Markets. The company is primarily concerned with the provision of all classes of life assurance, savings and retirement funding Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has tendered his resignation. BCB Group is making available its proven infrastructure to financial institutions through a bespoke service enabling them to integrate cryptocurrency trading services seamlessly into their own platforms Sixty-four percent of professionals think changing roles every few years can be beneficial, with the biggest perk being a higher salary, but CFOs don't necessarily agree CFO of the Year 2017 Till Streichert talks about competing in the gruelling Cape Epic. AccorHotels intends to purchase a 50 percent stake in Mantis Group, as it expands in Africa. Dineo Molefe has been named the new MD of T-Systems' South African operations. Bob Head will replace Phumeza Nhantsi as CFO of SAA, albeit in an interim capacity. Louis Vuitton Moët Hennessy (LVMH) continued to set the pace for the luxury industry in compiling double-digit sales growth that analysts described as "remarkable" UJ's Ben Marx has judged the CFO Awards for the past five years and reflects on this time. For the second month in a row, business confidence in South Africa has dipped. Sihle Ndzimbomvu's life story inspired attendees at the biggest finance conference on the African continent Diversified investment holding company Brainworks has reported a 22 percent increase in revenue, to $58.6 million. Expectations of business and CEOs are high, but they are not being met, says Jessica Yellin Waseem Carrim is one of South Africa's youngest CEOs, having been promoted recently from CFO. SARS will apply normal income tax rules to cryptocurrencies and expect taxpayers to declare cryptocurrency gains or losses. Clarke is a seasoned technology entrepreneur and has over 20 years' experience building global real estate marketplaces Organisations cannot exploit strategic opportunities nor can they protect themselves from potential losses or failures, without a clear steer from the top on appropriate risk taking, says the ACCA Where we've come from and where we are now makes me proud, says Glen Pearce, Sappi CFO 4AX has appointed Questco as an approved issuer agent/sponsor to the exchange. After a ten-year absence, Consol will again list on the JSE main board. Investors took advantage of the S12J tax incentive to help Westbrooke raise R565 million. Marius Bosman, Shoprite Holdings CFO, has announced he will be retiring at the beginning of July. CFOs can bring a fresh perspective to the CEO role, but the move isn't a natural progression, according to a study Huge Group Ltd's shares have been approved for listing on A2X Markets from 10 April 2018. Deloitte's CFO Signals survey of chief financial officers finds a surge in optimism among CFOs about the current and future states of major economic regions, as well as their own company prospects 4AX and RainFin have concluded a deal that will see RainFin hold a strategic shareholding in 4AX. To embrace change you need to be real, says CFO SA's MD, Graham Fehrsen FNB Islamic Banking has been voted best in the 'Leaders and Achievers' category, as well as Retail and Business. Equipment failure, cyber attacks and natural disasters have negatively affected operations, according to a FM Global-commissioned study FinTech trends are changing so fast that it often gets hard to keep up with them. Here are four on the radar With the rapid growth of the FinTech sector in East Africa, there has been a sharp rise in demand for skilled leaders to fill positions, and companies are looking globally - and to South Africa specifically - in their talent search Basil Read has announced a R1 billion loss for the 2017 financial year. Sanlam has sold new shares worth R5.7 billion to fund its Moroccan acquisition. The South African Reserve Bank has cut the lending rate to a two-year low of 6.5 percent. Netcare has decided to exit the British market, citing difficult trading conditions as the reason. Moody's Investors Service has downgraded Eskom from B1 to B2. Leading technology service provider EOH posting a 19% growth in revenue in its interim results amidst challenging conditions CFO South Africa sat down with new exchanges ZAR X, 4AX and A2X to better understand the nuances of each. Capitec's customer base has expanded, while its headline earnings have climbed 18 percent. Now that the South African Reserve Bank (SARB) has established a FinTech programme to track and analyse developments, South Africa has all that is required to become a FinTech centre of excellence The little decisions are as important as the big ones, says UCT Graduate School of Business' Tim London. Ratings agency S&P believes SA's economic growth will expand by 2 percent this year. JSE-listed Sasfin Holdings has reported a massive 41.81 percent decline in headline earnings per share Zimbabwe has signed a mining investment deal with Karo Resources valued at $4.2 billion. Moody's kept SA's sovereign debt at above investment grade, also changing our outlook to stable. Naspers has raised $9.8bn (about R116bn) from the sale of shares in Chinese internet giant Tencent As SA's telecoms giant looks to invest in its network, it raised R1 billion in its first bond sale of 2018. Tencent's biggest investor, Naspers, has sold its shares for $9.8 billion - around R116 billion. The young executive has been instrumental in helping the insurance company implement its FinTech strategy and make key acquisitions Jasco Group's finance head Warren Prinsloo talks about taking your business to the next level. 4 Africa Exchange has secured Heartwood Properties, its first issuer in the property sector. Despite expected growth in the use of financial technologies such as blockchain, many American firms say they don't expect it to disrupt their business models, while those who do are slow to respond Leading CFOs gathered for dinner at the exquisite Marble restaurant on 20 March 2018 to share insights and experience around the topic of energy efficiency. Tax veteran Mark Kingon has been appointed acting head of SARS, replacing Tom Moyane. My generation must transform the fortunes of the continent, says UCT's Mills Soko. We've selected the top 10 most popular articles of 2017 for your literary enjoyment. SA's third-largest private hospital chain has made a R1.3 billion acquisition of Akeso Clinics. The UK's Financial Conduct Authority says that it will start working with partners in Europe, the Far East and the US on a blueprint for a global regulatory FinTech sandbox Tiger Brands has taken a major financial knock since the listeriosis outbreak. Mike Buckham shares the story of his unusual and unexpected ascent to Sygnia FD. Specialist financial services investment holding company Rand Merchant Investment Holding (RMI) said it was boosted by Discovery's strong performance in its annual results presentation In a move to foster regional payments innovation and FinTech entrepreneurship in Africa, Visa is spearheading its Everywhere Initiative SA's business confidence is at a three-year high on the back of the Ramaphosa presidency. According to a new EY report, low GDP growth has had a large impact on SA banks' earnings. CIMA and Monash University have partnered in support of youth education and employability. Do the right thing. That is the best way to enhance, manage and protect the reputation of your business, said award-winning Woolworths CFO Reeza Isaacs during an incredibly powerful CFO Summit discussion in Cape Town. SAA has suspended two execs: ex-CEO Musa Zwane and CFO Phumeza Nhantsi. HR professionals have a community to call their own with CHRO South Africa. TFG CEO Doug Murray has retired, replaced by the company CFO, Anthony Thunström. Excel4apps has continued evolving its portfolio of user-friendly, Excel-based products for use with SAP and Oracle Head FICO consultant Jill Van Der Merwe offers six steps to deal with the VAT rate change. A major restructure at EOH will result in two distinct businesses in the group. The Government of Japan has launched a series of events across Europe to inform and promote active discussions around the future opportunities in Japan's lucrative and intelligent market CFO Day on 17th July 2018, is an event that should be in every serious finance leader's diary. Register today to avoid disappointment! The SARB has placed VBS Mutual Bank under curatorship, says Governor Lesetja Kganyago. SAICA and its Thuthuka Bursary Fund have enhanced their donor vetting process "to avert any possible recurrence" of the situation where the fund had to return money to a company that is linked to the notorious Gupta-family. Ajith has been the CFO of EY Africa since 2007 and has had a distinguished career that includes stints in senior positions at the Kellogg Company, Megapro Marketing and SABMiller European Banking Authority Head Andrea Enria said his organization would look into the services provided by FinTech firms, "with a view to ensuring that similar services are regulated in a consistent way across the EU" Kumba Iron Ore CFO Bothwell Mazarura talks mining, Marikana and technology. Mercantile Bank CEO Karl Kumbier says plenty of buyers have expressed interest in the bank. Sanlam's acquisition of SAHAM Finances has a pricetag of R12.5 billion. The Competition Tribunal has approved Sinopec's acquisition of Chevron assets, with conditions. MTN delivered a solid overall performance for the year, with progress on many fronts, despite difficult economic conditions, according to CEO Rob Shuter Sim Tshabalala, Standard Bank Group CEO, says the bank is optimistic about SA's economic prospects. With three decades of experience at the intersection of finance and technology, Ronald Laxton knows the challenges CFOs face, and how to solve these. Network Recruitment is a division of ADvTECH Resourcing - the recruitment arm of the national JSE-listed ADvTECH Group Join CFOs Ronel van Dijk, Andrew McMaster and Reeza Isaacs to talk about brand reputation. Werner Engelbrecht has been appointed interim GM of Kyocera, replacing Wayne Holborn. One of the people behind the creation of the flagship Waterfall City precinct, Melt has been picked to become the company's interim CEO It's a Shovel founder Jessica Whitcutt Yellin on why SA scores so badly in reputation rankings. Phillip Matthee will soon be taking over from Ronel van Dijk as FD of Spur Corporation. Nkonki will be the sponsor of the Young CFO of the Year Award at the 2018 CFO Awards. The fast-growing black-owned firm will also partner with CFO South Africa throughout 2018 to help CFOs and finance professionals boost their knowledge, network and career. Millions of people in East Africa are paying punitive interest rates for credit or are frozen out of access to financial services A pre-selected group of South Africa's leading finance executives have received their VIP invite for CFO Day, the essential learning and networking event for top CFOs and FDs. Only 140 registrations will be accepted for the event on 17 July 2018 at Marble, Johannesburg. In addition to soon appointing a permanent CFO, Eskom aims to appoint a CEO by the end of April. CFO award-winning Takeda FD Debbie Ransby talks about her success in Africa. PPC has appointed Jabu Moleketi, a former deputy finance minister, as its new chairman of the board. SMEs in Africa's infrastructure sector will soon benefit from GuarantCo's re-guarantee facility. MultiChoice Africa CEO Tim Jacobs has joined Altron as its acting Group CFO. More than two-thirds (69 percent) of CFOs and senior financial executives planning to increase their investment in technologies that speed business change SA's power utility Eskom has entered into a short-loan agreement with seven lenders, valued at R20 billion.Firms slow to adopt FinTech, executive optimism at all-time high - CFO survey
Award-winning Osman Arbee new Imperial CEO
Futuresense signs on for Finance Indaba 2018
PSG Konsult reports impressive 16 percent rate of growth
BayHill Capital lists Transformational Investment Portfolio on ZAR X
Transnet CFO Garry Pita resigns
I have something of a rebel in me, says Westfalia Fruit's Bongani Manzi
DBSA appoints Boitumelo Mosako as CFO
Global finance leaders prepared to tackle risk head-on - survey
Purpose Beyond Profit
Christiaan Engelbrecht takes over as Rectron FD
Sun Exchange debuts SUNEX token and insurance fund
ACCA: Accountancy profession must better understand cryptocurrency risk
Judging the CFO Awards is a great learning experience, says Victor Sekese
Why a narrow view of leadership destroys organisations
CFOs need to experiment with cognitive tech - Deloitte
What does it mean to do the right thing?
Sanlam lists on A2X
Old Mutual Life reports slump in profits
AngloGold Ashanti CEO resigns
BCB Group launches first institutional cryptocurrency prime brokerage service
CFOs not on board with job-hopping professionals - survey
To be successful, leave your ego at home, says Till Streichert, Vodacom Group CFO
Accor expands African hotel network through Mantis stake
Dineo Molefe, T-Systems CFO, promoted to MD
SAA appoints Bob Head as interim CFO
LVMH posts analyst-defying first-quarter results
Attending the CFO Awards makes me very proud, says Prof Ben Marx
SA's business confidence index drops
WATCH: Ngubane & Co's Sihle Ndzimbomvu at Finance Indaba 2017
Brainworks revenues rise in maiden results
Your business needs a clear Purpose to survive
NYDA CFO Waseem Carrim now CEO
SARS talks tough on cryptocurrency gains
Wealth Migrate appoints tech entrepreneur Justin Clarke as chairman
Appropriate risk management crucial for effective strategic leadership - ACCA
Sappi CFO Glen Pearce: We need to get the integrity back into the financial statements
Questco joins 4AX ranks of issuer agents
Consol to relist on the JSE
Westbrooke raises R565 million
Shoprite CFO Marius Bosman retires, Anton de Bruyn takes over
When should a CFO take the reins as CEO?
Huge Group first telecoms listing on A2X
Optimism swells among North American CFOs - Deloitte
RainFin acquires stake in 4AX
Be the change - it's there for the taking, says Graham Fehrsen
PMR Africa crowns FNB Islamic Banking tops
CFOs identify operational risks that have harmed their companies - study
4 FinTech trends to keep pace with
SA's FinTech executives in demand on the continent
Basil Read experiences significant revenue drop
Sanlam raises R5.7 billion to fund SAHAM acquisition
SA gets interest rate cut
Netcare to withdraw from the UK
Moody's downgrades Eskom
EOH profit slips, announces partnership
SA's new stock exchanges: the must-read explainer
Capitec Bank's headline earnings at R4.5 billion
SA set to become FinTech centre of excellence - AlphaCode
Tim London on the perils and opportunities of atomised decisions
S&P predicts good growth for SA in 2018
Sasfin takes shuddering blow to earnings
Zim concludes mining deal worth $4.2 billion
SA maintains Moody's investment-grade rating
Naspers trims Tencent stake, eyes FinTech investment
Telkom raises R1 billion through a debt issue
Tencent share sale nets Naspers R116 billion
OUTsurance's Jan Hofmeyr nominated for CFO Awards 2018
A CFO is highly in tune with the business, says Warren Prinsloo, Group CFO of Jasco
4AX secures first issuer listing in the property sector
Firms slow to adopt FinTech - survey
Never leave money on the table - CFOs get energy-savvy
Mark Kingon new acting SARS commissioner
UCT GSB Director Mills Soko's new vision for education
CFO SA's 10 most popular reads of 2017
Netcare to acquire Akeso Clinics in R1.3 billion deal
Regulators set to introduce global FinTech sandbox
Listeria has cost Tiger Brands millions in losses
Mike Buckham: From accounting anti-hero to Sygnia FD
Discovery performance boosts RMI figures
Visa seeks to stimulate African FinTech industry
Business confidence up
SA banks see low earnings
CIMA and Monash join hands to educate SA's youth
Do the right thing: CFO Summit discusses risk and reputation
SAA CFO Phumeza Nhantsi suspended
Full-steam ahead for CHRO SA
TFG CFO Anthony Thunström now CEO
Excel4apps signs up for Finance Indaba 2018
Don't sweat the VAT increase: six things to do to prevent panic
Major restructure on the cards for EOH
Japan opens up to FinTech revolution
CFO Day registration now open to all CFOs and FDs
VBS Mutual Bank under curatorship
SAICA tightens controls after Trillian-repayment
EY's Ajith Haripaul nominated for CFO Awards 2018
EU banking authority sets out FinTech regulation roadmap
Don't stand on the sidelines: Kumba CFO Bothwell Mazarura
Mercantile Bank not short of buyers
Sanlam seals deal that makes it Africa's largest non-banking financial services group
Sinopec, Chevron deal - worth $900 million - to go ahead
Revitalised MTN overcomes adverse conditions in latest report
Standard Bank Group global headline earnings up 14% to R26.3 billion
Do more with less says Ronald Laxton, GM Keyrus
Network Recruitment signs up for Finance Indaba 2018
Reputation is everything: join the CFO summit in Cape Town
Werner Engelbrecht, CFO of Kyocera, appointed interim GM
Attacq's Melt Hamman nominated for CFO Awards 2018
Corporate SA deserves the reputational mess it's in
Phillip Matthee new Spur FD
Awesome! Nkonki partners with CFO SA and CFO Awards 2018
Croatian FInTech opens up African micro-loan market
VIP registration for CFO Day open
Eskom looking to appoint a permanent CFO
Always stick to the facts and don't get emotional, says Takeda FD Debbie Ransby
Ex-deputy finance minister Jabu Moleketi new PPC board chair
A financial boost for African SMEs
Tim Jacobs appointed Altron acting Group CFO
CFOs increase spending on digital transformation, seek competitive edge - survey
Eskom secures R20 billion loan
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