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Finance flash: the TOP-10 articles of week 1-2, 2018

Do you want to keep up to date with the latest developments in finance, but you are short of time? Don't worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

New vehicle sales down

SA saw a 2.4 percent YoY drop in new vehicle sales, though Naamsa believes this will pick up

Ansys appoints new CFO

Elvin de Kock has been appointed CFO of Ansys, replacing Burt Lambrecht

New board for Eskom

Malegapuru Makgoba and Tshepo Mongalo will join the board of struggling, state-owned Eskom

Bitcoin debuts on major exchange

Bitcoin passed $18,000 when it began trading on the Cboe on 10 December, causing excitement in some, angst in others

Altron CFO leaves to join Net1

Alex Smith, Altron CFO, will be leaving his role end February 2018, to instead fill the CFO role at Net1 UEPS Technologies

Bahrain launches largest regional FinTech hub

The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions

Airlink and Safair to merge

The independent companies have applied to the Competition Commission for approval to unite under the umbrella of the Airlink group of companies

Bidvest Bank to buy FinGlobal

Bidvest Group's banking unit has agreed to buy Hermanus-based FinGlobal for an as-yet-undisclosed sum.

Vivek Venkatkumar new BDS FD

Bytes Document Solutions (BDS) has appointed Vivek Venkatkumar CA(SA) as its new financial director.

 

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