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07 January 2016

Newsletter: How can the CFO avoid saying no in 2016? | Zuma says SA must work harder in 2016

CFO South Africa Newsletter | Thursday 7 January Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles How can the CFO avoid saying no in 2016? With some questionable political decision making, a struggling national currency and sombre messages from rating agencies pouring in, South African businesses can be forgiven to be a bit apprehensive about 2016. In the middle of it all the CFO has shifted its role from number cruncher to business partner, but with pressure around slowing growth increasing there is the danger of reverting back to the old naysayer role. How does the CFO avoid saying no in 2016? Zuma says SA must work harder in 2016 In his New Year's message to the citizens of South Africa, President Jacob Zuma said that while progress has been made in various aspects, such as student funding, medical care, social grants and international participation, among other sectors, "more hard work awaits us all in 2016 as challenges still remain". SA assets abroad surpass inflows For the first time ever recorded, the rand's slump led to the value of South African assets abroad surpassing foreign investment into the country. Read more exclusive articles on CFO.co.za - Omnia CFO Wayne Koonin on turnaround strategies and digital transfo... - Agoa agreement on shaky ground - Exclusive - Prof Mervyn King: "CFOs critical for integrated thinking" - 2016 surge anticipated for Bitcoin - Steady growth for government pension fund - SAP Business one from 4Most provides seamless integration, data int... RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Summer Place - Sandton We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? Speakers: Specialists from KPMG, Oracle & WNS. Panel: Bikash Prasad, CFO Olam International, Belinda O'Neill, Executive Finance MTN & Sean Doherty, CFO IB Standard Bank. 16.30 Public Sector round table smart government Being able to provide an outstanding service and experience to citizens is an important task for governments around the world. Not only does it make for happy citizens but it also saves costs, time and improves the morale of civil servants. Restoring citizens' confidence in public institutions means demonstrating competence in providing better value for their hard-earned tax money. What can finance teams in government do to improve agility and customer focus? How can you allocate scarce resources to ensure critical tasks are assured but your organisation remains forward looking and customer centric. Facilitated by KPMG - with Edson Magondo, Director KPMG. 18.00 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 and see the latest Business Day advertisement. Diamond Partners 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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"

06 January 2016

How can the CFO avoid saying no in 2016?

With some questionable political decision making, a struggling national currency and sombre messages from rating agencies pouring in, South African businesses can be forgiven to be a bit apprehensive about 2016. In the middle of it all the CFO has shifted its role from number cruncher to business partner, but with pressure around slowing growth increasing there is the danger of reverting back to the old naysayer role. How does the CFO avoid saying no in 2016?

04 January 2016

Exclusive - Prof Mervyn King: `CFOs critical for integrated thinking`

“My grandson Daniel, who calls me ‘judge’ like many other people, recently said ‘Judge, you are always in airplanes, you must have a big carbon footprint?’ He also asked me if I recycle all the paper I use. And that was coming from an eight-year-old!” Not only is Prof Mervyn King’s anecdote endearing, the former Supreme Court judge and global governance guru also makes a good point; even an eight-year-old knows that the world is changing. “It will be a disaster if companies don’t start thinking in an integrated way.”

31 December 2015

Newsletter: What do CEOs think about their CFOs? | CFO Nielsen Africa: moving to risk-based management | What CFOs need to know about investing in Ghana

CFO South Africa Newsletter | Thursday 31 December Dear CFO South Africa Member, We wish you all a happy New Year. May the New Year bring you greater hights of success and prosperity. Read Exclusive CFO South Africa Articles What do CEOs think about their CFOs? KPMG report no comfortable read IT and talent management are a crucial part of a modern CFO’s job, but often the finance leaders fall short. Global experience is paramount for a high level CFO and the role of the finance leader will increase in significance over the next three years. Those are some of the conclusions of KPMG’s View from the Top report, which surveyed over 500 executives from six continents. Kinya Kimotho, CFO Nielsen Africa: moving to risk-based management There is great value for CFOs and FDs to meet each other and share notes, says Kinya Kimotho, finance director for Africa at international market research firm Nielsen. “When you look at different industries and companies, there is commonality in problems and challenges. How do we tackle that as CFOs? How can our companies grow fast? I would love to talk to peers about it.” Expert Insight: what CFOs need to know about investing in Ghana In this Expert Insight, our business advisor in Ghana, Eric Osei, talks CFOs through some investment considerations for international businesses that want to set up shop in the West African country. He outlines the natural resources, investment incentives and advantages of doing business in Ghana. Read more exclusive articles on CFO.co.za - Zimbabwe adopts Chinese yuan currency - Joburg gets an improved credit rating - Investec acquires R623-million Australian property investment - Ratings upgrade for Cell C - Brics New Development Bank a reality - Nuclear power procurement process initiated - Exclusive: Treasury ace Dalu Majeke goes home to help the Eastern Cape RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Summer Place - Sandton We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? Speakers: Specialists from KPMG, Oracle & WNS. Panel: Bikash Prasad, CFO Olam International, Belinda O'Neill, Executive Finance MTN & Sean Doherty, CFO IB Standard Bank. 16.30 Public Sector round table smart government Being able to provide an outstanding service and experience to citizens is an important task for governments around the world. Not only does it make for happy citizens but it also saves costs, time and improves the morale of civil servants. Restoring citizens' confidence in public institutions means demonstrating competence in providing better value for their hard-earned tax money. What can finance teams in government do to improve agility and customer focus? How can you allocate scarce resources to ensure critical tasks are assured but your organisation remains forward looking and customer centric. Facilitated by KPMG - with Edson Magondo, Director KPMG. 18.00 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 and see the latest Business Day advertisement. Diamond Partners 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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"

30 December 2015

Exclusive: Treasury ace Dalu Majeke goes home to help the Eastern Cape

Since 2009 he was CFO at the National Treasury and in 2014 he even scooped up a CFO Awards nomination. Recently, Dalu Majeke has moved back to the Eastern Cape and joined the provincial treasury as head of department. “It is Buyelekhaya - ploughing back to home - for me," says Dalu, a staunch supporter of CFO South Africa, during this exclusive interview. Working at the National Treasury "was a game changer in my career", he says, but now it is time to help improve the Eastern Cape achieve "proper resource allocation and sustainable service delivery".

24 December 2015

Newsletter: Technology - Key enabler in a changing world | 5 questions for MD Nkonki | Treasury addresses ratings concerns

CFO South Africa Newsletter | Thursday 24 December Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Nkonki wins award and global respect - 5 questions for Mitesh Patel Earlier this month, Nkonki’s managing partner Mitesh Patel received a prestigious award from the Kreston International network at a conference in the Brazilian city of Rio de Janeiro. Nkonki is an incredibly ambitious South African audit, assurance and advisory firm with around 40 partners and directors and 400 staff. We spoke to Mitesh about the award, Nkonki’s thought leadership in integrated reporting and the drive to land JSE-listed firms as clients. "We are passionate about earning global respect." Technology - Key enabler in a changing world “The role of technology has never been more critical,” says Marius Fabian, MD of 4most, a leading supplier and implementer of SAP Business One and ERP software and technology to the South African and African small and medium sized marketplace. The need to respond to changing market demands, enabled by access to real-time and accurate information, is key. Abbie Lundberg presents a new leadership model for digital business "Digital is about exploiting information at speed for business use," opines Abbie Lundberg, President of Lundberg Media. Lundberg was addressing the crowd at the recent Oracle Cloud Day. Read more exclusive articles on CFO.co.za - ArcelorMittal CEO Paul O’Flaherty resigns - SABMiller and Coca-Cola join forces - Treasury addresses ratings concerns - Jovan Grujic, PISU & Co: restructuring to draw investors and pr... - Brics New Development Bank a reality - Advisory banks selected for SABMiller JV - Recruit the best CAs at the Finance Indaba Africa RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Summer Place - Sandton We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? Speakers: Specialists from KPMG, Oracle & WNS. Panel: Bikash Prasad, CFO Olam International, Belinda O'Neill, Executive Finance MTN & Sean Doherty, CFO IB Standard Bank. 16.30 Public Sector round table smart government Being able to provide an outstanding service and experience to citizens is an important task for governments around the world. Not only does it make for happy citizens but it also saves costs, time and improves the morale of civil servants. Restoring citizens' confidence in public institutions means demonstrating competence in providing better value for their hard-earned tax money. What can finance teams in government do to improve agility and customer focus? How can you allocate scarce resources to ensure critical tasks are assured but your organisation remains forward looking and customer centric. Facilitated by KPMG - with Edson Magondo, Director KPMG. 18.00 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 and see the latest Business Day advertisement. Diamond Partners Announcing the CFO Awards 2016 panel of judges CFO South Africa is currently in the process of selecting the members of the panel of judges who will choose the winners from a shortlist of nominated CFOs. With the selection of the panel of judges the importance of the CFO Awards for the business community at large is reflected. More judges will be announced on CFOAwards.co.za. The first panel members are; - Simon Ridley Group CFO Standard Bank & winner CFO of the Year 2014 - Carel Smit, Executive Committee member KPMG - Deon Viljoen, Group CFO Alexander Forbes & winner CFO of the Year 2015 - Aarti Takoorden, CFO JSE & winner Young CFO of the Year 2014 - Victor Sekese CEO SizweNtsalubaGobodo - David Fine Managing Director of McKinsey - Delphine Maïdou,CEO Allianz Global Corporate & Specialty Africa - Jonathan Lang, Practice Partner and Head of Africa Bowman Gilfillan - Christo Els, Partner Webber Wentzel - Ben Marx Vice-Chairperson Accountancy Department UJ - Claudelle von Eck, CEO The Institute of Internal Auditors SA - Brett Tromp, CFO at Discovery Health & winner Young CFO of the Year 2015 Join the CFO Awards 2016 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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"

23 December 2015

Nkonki wins award and global respect - 5 questions for Mitesh Patel

Earlier this month, Nkonki’s managing partner Mitesh Patel received a prestigious award from the Kreston International network at a conference in the Brazilian city of Rio de Janeiro. Nkonki is an incredibly ambitious South African audit, assurance and advisory firm with around 40 partners and directors and 400 staff. We spoke to Mitesh about the award, Nkonki’s thought leadership in integrated reporting and the drive to land JSE-listed firms as clients. "We are passionate about earning global respect."

22 December 2015

Jovan Grujic, PISU & Co: restructuring to draw investors and private equity

“For a Kenyan company like ours, the competition is nowhere and the room for growth is enormous,” says Jovan Grujic, CFO of the diverse, family-owned group PISU & Company. The Serbian money boss has had some great successes during his career in Europe and now wants to cut his teeth in a real growth market. “I was seeing growth in Asia and Africa and decided to be part of it. I want to be here while it happens, not afterwards. It is a big challenge but very rewarding.”

17 December 2015

Newsletter: Taking ACCA to next level | Finance Indaba hosts finals CFO Case Study Competition | Nqwababa appointed CE Sasol

CFO South Africa Newsletter | Thursday 17 December Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Pat Semenya: taking ACCA to next level in South Africa “I want to double our number of members and students, bring back members we have lost and instil a real passion for ACCA,” says Pat Semenya, who is heading up ACCA South Africa since August 2015. After years at Nestlé, Pat felt it was time for a job that could really make a difference.“Economic transformation is not completed in this country and I want to contribute positively to that.” Nene fired from post as SA's finance minister Many were shocked at last night's announcement of South African Finance Minister Nhlanhla Nene's (pictured) sacking by President Jacob Zuma. In a seemingly unanticipated move, Zuma has appointed David van Rooyen into this post instead, saying simply that Nene will be deployed elsewhere. Finance Indaba hosts finals of The CFO Case Study Competition The cream of the crop of Africa's aspiring CFOs and business leaders will be competing for a prize of R100,000 during the global finals of The CFO Case Study Competition, hosted at the Finance Indaba Africa 2016. With entries for participants closing in March 2016, we spoke to organiser Valentine Nti, CEO of organiser CharterQuest Institute about the way CFOs, corporate sponsors, professional bodies, universities and business talents of 25 years and younger can get involved. Read more exclusive articles on CFO.co.za - PetroSA CFO Lindiwe Mthimunye Bakoro's relieved of her duties - Nqwababa and Cornell appointed as joint-CEs of Sasol - Oliver Mwita, DHL Express Kenya: promoting integrity is role of CFO - Use big data to grow your business, says Uber's Dave Kitley - AMG acquires equity stake in Abax Investments - Van Rooyen's out, Gordhan's in as SA's finance minister - Recruit the best CAs at the Finance Indaba Africa RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? 16.30 Round Table discussion - Get Smart in 2016 This exclusive get-together will offer you the unique opportunity to share your vision and ideas with 10 CFOs from South Africa’s top companies. Join us as we discuss how CFOs can play a more active role encouraging radical new thinking while setting the tone in their own environments? 18.00 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. Select your bank at Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. What is your bank doing and what else is there in the market? Which banks are leading the way? Is there a better option for your business? What should you know when considering financing options? Which banks will partner with you moving into Africa? Who will back your innovation and growth? At Finance Indaba Africa you will discover the latest insights, discuss trends and meet some of Africa's leading bankers. Customers of South African banks have high levels of complaints, with many people complaining about bad service. Opening a bank account is South Africa is time consuming. South African banks are amongst the most expensive in the world charging monthly fees, internet banking fees and commission on payments. But they are there: finance providers that go the extra mile. Select your bank at Finance Indaba Africa. 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 gf[email protected] or at +27 11 083 7515. Also read more about the call for speakers and see the latest Business Day advertisement. Diamond Partners Announcing the CFO Awards 2016 panel of judges CFO South Africa is currently in the process of selecting the members of the panel of judges who will choose the winners from a shortlist of nominated CFOs. With the selection of the panel of judges the importance of the CFO Awards for the business community at large is reflected. More judges will be announced on CFOAwards.co.za. The first panel members are; - Simon Ridley Group CFO Standard Bank & winner CFO of the Year 2014 - Carel Smit, Executive Committee member KPMG - Deon Viljoen, Group CFO Alexander Forbes & Winner CFO of the Year 2015 - Victor Sekese CEO SizweNtsalubaGobodo - David Fine Managing Director of McKinsey - Delphine Maïdou,CEO Allianz Global Corporate & Specialty Africa - Jonathan Lang, Practice Partner and Head of Africa Bowman Gilfillan - Christo Els, Partner Webber Wentzel - Ben Marx Vice-Chairperson Accountancy Department UJ - Claudelle von Eck, CEO The Institute of Internal Auditors SA - Brett Tromp, CFO at Discovery Health & winner Young CFO of the Year 2015 Join the CFO Awards 2016 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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"

16 December 2015

Finance Indaba hosts finals of The CFO Case Study Competition

The cream of the crop of Africa's aspiring CFOs and business leaders will be competing for a prize of R100,000 during the global finals of The CFO Case Study Competition, hosted at the Finance Indaba Africa 2016. With entries for participants closing in March 2016, we spoke to Valentine Nti, CEO of organiser CharterQuest Institute about the way CFOs, corporate sponsors, professional bodies, universities and business talents of 25 years and younger can get involved.

15 December 2015

Oliver Mwita, DHL Express Kenya: promoting integrity is role of CFO

“The role of the CFO is to promote integrity,” says Oliver Mwita, chief financial officer of DHL Express in Kenya. We spoke exclusively to the experienced finance leader, who has previously held positions at Deloitte, Nation Media, Gateway Broadcasting, Muthaiga Country Club, Nakumatt and Frigoken. We chatted to Oliver about his career, the challenges for CFOs in Kenya and his advice for young, ambitious accountants who want to make it in Nairobi – and the world.

14 December 2015

Use big data to grow your business, says Uber's Dave Kitley

Speaking at the recent Oracle Cloud Day, held at The Forum in Bryanston, Dave Kitley, Driver Operations and Logistics Manager Uber Johannesburg and Pretoria, explained how the Uber concept began purely in response to a need. The company's founders Travis Kalanick and Garrett Camp, were standing on a Paris street one chilly evening, trying to hail a cab. After several unsuccessful minutes they thought there must be a better way to do this. In each of their pockets – as in the pockets of many people – was a smartphone and a credit card. Surely, they pondered, something could be created using just these two things? With this in mind, the pair returned home to San Francisco to develop their app concept, and thus was created Uber.

10 December 2015

Awesome accountants - find them at the Finance Indaba Africa

South Africa has an outstanding pool of professional accountants. Whether you're a small start up or a successful mid size business, you will need these professionals to help grow and guide your business. The best accountants formulate ideas to help you reach your true goals becoming genuine business partners. Finding the right accountant is easier than you think and you are invited to meet the very best at Finance Indaba Africa.

10 December 2015

Newsletter: 10 biggest worries of our CFOs | From Big Data to Big Profits | Why climate talks matter for CFOs

CFO South Africa Newsletter | Thursday 10 December Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Why climate talks matter for CFOs - KPMG's Marijke Vermaak on COP21 The ongoing climate conference COP21 in Paris has many people pondering about the future. According to some these annual Conference of the Parties (COP) on climate change are not more than talk shops, but others predict that decisions that will be taken in France next week will have massive ramifications for society and life on the planet. In this article, Marijke Vermaak, Climate Change & Sustainability Services Manager at our principal sponsor KPMG South Africa, sheds her light on the climate... From Big Data to Big Profits - exhibit at the Finance Indaba Africa Put your headlamps on and start mining big data! Success and profits of businesses are often the results of smart use of data and information. Lately, the opportunities to use the data that exists within your organisation has grown exponentially and executives and accountants are increasingly starting to realise that they are missing out if they are not mining big data. Kenya in need of great CFOs, says Stavros Constantinou (Multiple Gr... “Great CFOs know exactly how to build controls, push transformation and convince stakeholders to invest in technology and that is what Kenya needs,” says Stavros Constantinou, Group CFO at the ever expanding privately-owned business Multiple Group. The executive from the Mediterranean island of Cyprus says the CFO Kenya community comes to Nairobi at exactly the right time. “We are here to help each other, because one plus one can equal three. This is the way forward.” Read more exclusive articles on CFO.co.za - Naspers sells shares worth $2.6 billion to fund further investments - 10 biggest worries of our CFOs - exclusive results from African Bus... - MTN fine reduction figure a typo - SA's credit rating slashed - Expert Insight: Business regulations & registration process in ... - Sasol Inzalo shares now trading on the JSE - SA's former finance minister Trevor Manuel joins Old Mutual board RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? 16.30 Round Table discussion - Get Smart in 2016 This exclusive get-together will offer you the unique opportunity to share your vision and ideas with 10 CFOs from South Africa’s top companies. Join us as we discuss how CFOs can play a more active role encouraging radical new thinking while setting the tone in their own environments? 18.00 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. Select your bank at Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. What is your bank doing and what else is there in the market? Which banks are leading the way? Is there a better option for your business? What should you know when considering financing options? Which banks will partner with you moving into Africa? Who will back your innovation and growth? At Finance Indaba Africa you will discover the latest insights, discuss trends and meet some of Africa's leading bankers. Customers of South African banks have high levels of complaints, with many people complaining about bad service. Opening a bank account is South Africa is time consuming. South African banks are amongst the most expensive in the world charging monthly fees, internet banking fees and commission on payments. But they are there: finance providers that go the extra mile. Select your bank at Finance Indaba Africa. 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 and see the latest Business Day advertisement. Diamond Sponsors Announcing the CFO Awards 2016 panel of judges CFO South Africa is currently in the process of selecting the members of the panel of judges who will choose the winners from a shortlist of nominated CFOs. With the selection of the panel of judges the importance of the CFO Awards for the business community at large is reflected. More judges will be announced on CFOAwards.co.za. The first panel members are; - Simon Ridley Group CFO Standard Bank & winner CFO of the Year 2014 - Carel Smit, Executive Committee member KPMG - Deon Viljoen, Group CFO Alexander Forbes & Winner CFO of the Year 2015 - Victor Sekese CEO SizweNtsalubaGobodo - David Fine Managing Director of McKinsey - Delphine Maïdou,CEO Allianz Global Corporate & Specialty Africa - Jonathan Lang, Practice Partner and Head of Africa Bowman Gilfillan - Christo Els, Partner Webber Wentzel - Ben Marx Vice-Chairperson Accountancy Department UJ - Claudelle von Eck, CEO The Institute of Internal Auditors SA - Brett Tromp, CFO at Discovery Health & winner Young CFO of the Year 2015 Join the CFO Awards 2016 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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 December 2015

10 biggest worries of our CFOs - exclusive results from African Business Outlook

Economic uncertainty, a weakening rand and government policies are the most pressing concerns for CFOs in South Africa. Although a decent number of finance leaders are optimistic about their own companies, they are generally pessimistic about the overall economy. Results from the latest quarterly Duke University's African Business Outlook survey, which can be exclusively reported on by CFO.co.za this morning, reveal a mostly gloomy picture.

08 December 2015

Cloud & Clear - select your cloud provider at Finance Indaba Africa

Cloud is no longer an unknown or risky business, but an essential technological innovation that is a game changer for African businesses. “Through cloud solutions we are enabling companies to design their back office efficiently and deliver innovation across the business,” said Dee Houchen or Oracle (a platinum Finance Indaba partner) in a recent interview. At the Finance Indaba Africa all cloud providers will be present, giving South African finance professionals an unparalleled opportunity to compare offerings and learn.

08 December 2015

Kenya in need of great CFOs, says Stavros Constantinou (Multiple Group)

“Great CFOs know exactly how to build controls, push transformation and convince stakeholders to invest in technology and that is what Kenya needs,” says Stavros Constantinou, Group CFO at the ever expanding privately-owned business Multiple Group. The executive from the Mediterranean island of Cyprus says the CFO Kenya community comes to Nairobi at exactly the right time. “We are here to help each other, because one plus one can equal three. This is the way forward.”

04 December 2015

Why climate talks matter for CFOs - KPMG's Marijke Vermaak on COP21

The ongoing climate conference COP21 in Paris has many people pondering about the future. According to some these annual Conference of the Parties (COP) on climate change are not more than talk shops, but others predict that decisions that will be taken in France next week will have massive ramifications for society and life on the planet. In this article, Marijke Vermaak, Climate Change & Sustainability Services Manager at our principal sponsor KPMG South Africa, sheds her light on the climate...

03 December 2015

Newsletter: CFO Mpact: From private equity to leadership | Neotel CFO Steven Whiley resigns | Call for Speakers Finance Indaba Africa 2016

CFO South Africa Newsletter | Thursday 3 December Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles From private equity to leadership... Mpact CFO Brett Clark It is tempting as a CFO to get involved in every urgent issue affecting the business, because finance encompasses so many parts of the business," says Brett Clark, the CFO of Mpact and one of the nominees of the 2015 CFO of the Year Awards. “However, I believe a good CFO needs to create the time to analyse the information available in the business, visit the operations, debate issues with team members and focus on the key areas affecting the business.” Neotel CFO Steven Whiley resigns Steven Whiley, the CFO of fixed-line telecommunications company, Neotel, has resigned. This comes in the midst of an investigation into allegations of bribery and corruption in connection with a Transnet deal worth R1.8 billion. Neotel CEO, Sunil Joshi, was also implicated, and is currently on special leave pending the outcome. Concern about upward trend in the debt-to-GDP ratio Speaking at this year's Tax Indaba at the Sandton Convention Centre, the chief of the National Treasury’s Budget Office, Michael Sachs, said he was troubled by the upward trend in the debt-to-GDP ratio of 42.5%. While the figure itself was not sufficient cause to resort to emergency measures – it is still low in comparison to many other countries – the structural debt gap could lead South Africa into permanent low economic growth. Read more exclusive articles on CFO.co.za - SA narrowly escapes recession - Old Mutual now holds 100% of African Infrastructure Investment Mana... - Leslie Maasdorp CFO of Brics New Development Bank - Eskom declares 22% profit for H1 - Oracle's Andrew Sutherland on the cloud: disrupt, transform & c... - China Resources to buy SABMiller's Snow beer stake RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Get Smart in 2016 Martijn is a Dutch national and an experienced international renowned speaker at CFO Forums as the CFO Awards South Africa 2015, CFO Day the Netherlands and the Public Finance Conference. He will speak about the new economy, value creation, complementary economics, networking, lifehacking, and about his ideas to make the world a better place and share his insights on social and information capital. More information about Martijn. 16.30 Round Table discussion - Get Smart in 2016 This exclusive get-together will offer you the unique opportunity to share your vision and ideas with 10 CFOs from South Africa’s top companies. Join us as we discuss how CFOs can play a more active role encouraging radical new thinking while setting the tone in their own environments? 18.00 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. Exhibit and Speak - Finance Indaba Africa 2016 Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the largest expo and conference for finance professionals. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Then 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. Read more about the call for speakers and see the Business Day advertisement. Diamond Sponsors Announcing the CFO Awards 2016 panel of judges CFO South Africa is currently in the process of selecting the members of the panel of judges who will choose the winners from a shortlist of nominated CFOs. With the selection of the panel of judges the importance of the CFO Awards for the business community at large is reflected. More judges will be announced on CFOAwards.co.za. The first panel members are; - Simon Ridley Group CFO Standard Bank & winner CFO of the Year 2014 - Carel Smit, Executive Committee member KPMG - Deon Viljoen, Group CFO Alexander Forbes & Winner CFO of the Year 2015 - Victor Sekese CEO SizweNtsalubaGobodo - David Fine Managing Director of McKinsey - Delphine Maïdou,CEO Allianz GCS Africa - Jonathan Lang, Practice Partner and Head of Africa Bowman Gilfillan - Christo Els, Partner Webber Wentzel - Ben Marx Vice-Chairperson Accountancy Department UJ - Claudelle von Eck, CEO The Institute of Internal Auditors SA - Brett Tromp, CFO at Discovery Health & winner Young CFO of the Year 2015 Join the CFO Awards 2016 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 check out CFOAwards.co.za. 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 Feb 23 Johannesburg | Get Smart 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"

02 December 2015

Oracle's Andrew Sutherland on the cloud: disrupt, transform & compete

"We are seeing IT being used to create true business disruption," Dr Andrew Sutherland, Senior VP Technology and Systems, Oracle Europe, told attendees at the recent Oracle Cloud Day, held at The Forum in Bryanston. "Information increases exponentially in value the more there is of it," he added. But, he asked the assembled audience, how do you compete, and how do you differentiate? The answer, he said, lies in transformation.

01 December 2015

From private equity to leadership... Mpact CFO Brett Clark

“It is tempting as a CFO to get involved in every urgent issue affecting the business, because finance encompasses so many parts of the business," says Brett Clark, the CFO of Mpact and one of the nominees of the 2015 CFO of the Year Awards. “However, I believe a good CFO needs to create the time to analyse the information available in the business, visit the operations, debate issues with team members and focus on the key areas affecting the business.”

30 November 2015

Concern about upward trend in the debt-to-GDP ratio

Speaking at this year's Tax Indaba at the Sandton Convention Centre, the chief of the National Treasury’s Budget Office, Michael Sachs, said he was troubled by the upward trend in the debt-to-GDP ratio of 42.5%. While the figure itself was not sufficient cause to resort to emergency measures – it is still low in comparison to many other countries – the structural debt gap could lead South Africa into permanent low economic growth.

26 November 2015

Newsletter: CFO Barclays; to fully international, fully regional and fully local | What can CFOs and entrepreneurs learn from each other? | Call for Speakers Finance Indaba Africa 2016

CFO South Africa Newsletter | Thursday 26 November Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles David Hodnett, with Barclays Africa to ‘fully international, fully ... As deputy chief executive officer and finance director, David Hodnett is the right hand of CEO Maria Ramos at Barclays Africa. In an exclusive interview with CFO South Africa, he speaks about his love for detail, his relationship with Ramos and the creation of Barclays. He also reveals how he very deliberately chose to plot his career path via risk management roles and why he sees the way he deals with people as a reason for his success. “I believe in accountability and giving people space to operate.” What can CFOs and entrepreneurs learn from each other? CFOs and entrepreneurs are known to sometimes bump heads. Why wouldn't they, there's so much to disagree on. But, if last night's CFO South Africa event was anything to go by, these two actually have more to agree on than disagree. The master class aimed to answer the question, 'What can CFOs and entrepreneurs learn from each other?' The conclusion was that they certainly can learn from each other if they just open their minds; the "crankier" CFO learning to be more open to risk, the "cowboy" entrepreneur paying more attention to the figures. And ultimately, both need to be aware of the "higher purpose" they are working towards. http://static.financieel-management.nl/img/pictures/104675.jpg" /> Oracle Cloud Day: lessons from Uber, Intel and Cell C "It is our job to keep ourselves up to date so we can make the right decisions," said Oracle's Andrew Sutherland. Kicking off the inspiring Oracle Cloud Day, which included valuable lessons from Uber, Intel and Cell C, his presentation revolved around 'transforming your tomorrow' and the ways in which IT is being used to create true business disruption. Read more exclusive articles on CFO.co.za - Edcon CEO Bernie Brookes working hard to turn company around - Be disrupted or die - CFO master class at the Oracle Cloud Day - Mr Price sees rise in profit and sales - Entrepreneur versus CFO question sparks lively debate at last night... - SAA suspends Sylvain Bosc, chief commercial officer - Funding and regulation hindering startup success South Africa - Vodacom sued for R197 billion in DRC RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event Get Smart in 2016. As global economic growth recovers there will be opportunities and risks for South Africa's economy, CFOs must ensure that the financial choices you make maintain the recent gains in competitiveness. Be a part of the conversation on co-creating a brighter South Africa. Program 16.00 Opening & Reception 17.00 Master Class - Get Smart in 2016 Martijn is a Dutch national and an experienced international renowned speaker at CFO Forums as the CFO Awards South Africa 2015, CFO Day the Netherlands and the Public Finance Conference. He will speak about the new economy, value creation, complementary economics, networking, lifehacking, and about his ideas to make the world a better place and share his insights on social and information capital. More information about Martijn. 17.00 Round Table discussion - Get Smart in 2016 This exclusive get-together will offer you the unique opportunity to share your vision and ideas with 10 CFOs from South Africa’s top companies. Join us as we discuss how CFOs can play a more active role encouraging radical new thinking while setting the tone in their own environments? 18.30 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. Call for Speakers - Finance Indaba Africa 2016 13 & 14 October 2016, Sandton Convention Centre. Visit Finance-Indaba.co.za and boost your profits by 100%. Finance Indaba Africa is the biggest annual exhibition and conference for financial managers and specialists in Africa. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Then 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. Read more about the call for speakers and see the Business Day advertisement. Diamond Sponsors Announcing the CFO Awards 2016 panel of judges CFO South Africa is currently in the process of selecting the members of the panel of judges who will choose the winners from a shortlist of nominated CFOs. With the selection of the panel of judges the importance of the CFO Awards for the business community at large is reflected. More judges will be announced on CFOAwards.co.za. The first panel members are; - Simon Ridley Group CFO Standard Bank & winner CFO of the Year 2014 - Carel Smit, Executive Committee member KPMG - Deon Viljoen, Group CFO Alexander Forbes & Winner CFO of the Year 2015 - Victor Sekese CEO SizweNtsalubaGobodo - David Fine Managing Director of McKinsey - Delphine Maïdou,CEO Allianz GCS Africa - Jonathan Lang, Practice Partner and Head of Africa Bowman Gilfillan - Christo Els, Partner Webber Wentzel - Ben Marx Vice-Chairperson Accountancy Department of Faculty of Economic and Financial Sciences UJ - Claudelle von Eck, CEO The Institute of Internal Auditors SA - Brett Tromp, CFO at Discovery Health & winner Young CFO of the Year 2015 Join the CFO Awards 2016 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 check out CFOAwards.co.za. Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, 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 Feb 23 Johannesburg | Get Smart 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]cfo.co.za 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"

24 November 2015

David Hodnett, with Barclays Africa to 'fully international, fully regional and fully local'

As deputy chief executive officer and finance director, David Hodnett is the right hand of CEO Maria Ramos at Barclays Africa. In an exclusive interview with CFO South Africa, he speaks about his love for detail, his relationship with Ramos and the creation of Barclays. He also reveals how he very deliberately chose to plot his career path via risk management roles and why he sees the way he deals with people as a reason for his success. “I believe in accountability and giving people space to operate.”

23 November 2015

Funding and regulation hindering startup success South Africa

Industry experts agree that South African startups have what it takes to succeed on the global stage, but structural issues are hindering development. While executives from South Africa’s leading enterprise development incubators are bullish about the progress being made and about the standard of South African startups, they are also concerned about government regulation, lack of funding direction and market access and inequitable distribution.*

20 November 2015

What can CFOs and entrepreneurs learn from each other?

CFOs and entrepreneurs are known to sometimes bump heads. Why wouldn't they, there's so much to disagree on. But, if last night's CFO South Africa event was anything to go by, these two actually have more to agree on than disagree. The master class aimed to answer the question, 'What can CFOs and entrepreneurs learn from each other?' The conclusion was that they certainly can learn from each other if they just open their minds; the "crankier" CFO learning to be more open to risk, the "cowboy" entrepreneur paying more attention to the figures. And ultimately, both need to be aware of the "higher purpose" they are working towards.

19 November 2015

Newsletter: MiX Telematics: listing at the NYSE | SAA CFO Wolf Meyer resigns | Relief for consumers: max interest rates revealed

CFO South Africa Newsletter | Thursday 19 November Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Listing at the NYSE - a chat to Megan Pydigadu (MiX Telematics) Not many South African CFOs will guide their JSE-listed company through a second listing in New York, but Megan Pydigadu did just that. We chatted to her about the ups and downs MiX Telematics has gone through since then, the balance between an entrepreneurial attitude and compliance and shifting the company culture. Aon CFO dinner report: fleet management, headache or big data oppor... Is fleet management a cost and risk nightmare or an opportunity to utilise big data for a competitive advantage? That was the topic of an intimate dinner gathering of CFOs on 11th November 2015 at The Marion On Nicol hotel in Johannesburg, made possible by risk management and insurance firm Aon. http://static.financieel-management.nl/img/pictures/104581.jpg" /> Old Mutual Wisdom Forum - learning from entrepreneurs Entrepreneurs hold some of the answers to our future in South Africa and corporate South Africa needs to play a part in cultivating and developing them if we want a more competitive and sustainable economic landscape. This was the driving message at the invitation-only Old Mutual Wisdom Forum on 10 November 2015, titled 'Cultivating the next class of entrepreneurs'. The event featured thought-provoking speakers Zev Siegl (a co-founder of global coffee empire Starbucks), international speaker and consultant Stephen Archer, Natasha Sideris (founder of the hugely successful Tashas) and Matsi Modise (MD of Simodisa Startups). Read more exclusive articles on CFO.co.za - Dee Houchen (Oracle): cloud enables speed and innovation - SAA CFO Wolf Meyer resigns - Aliko Dangote resigns from Dangote Flour - David Hartnett: systemic corruption has a detrimental effect on tax... - Relief for consumers: max interest rates revealed - Uber and WesBank sign R200 million deal - ABInBev and SABMiller reach an agreement Today CFO Event "House of the Future" 19 November 17.00 - 20.00 - Turbine Hall - Johannesburg On Thursday 19 November we bring together a unique blend of seasoned finance professionals and leading young entrepreneurs at the iconic Turbine Hall. What can we learn from each other and how can we bridge the gap between the executives of today’s most prominent businesses and those who will shape the future of South Africa? What are the opportunities to work closer together and strengthen our economy? Our CFO event is planned in Global Entrepreneur week "House of the future" and will form part of a week long initiative by the Dutch government launched by prime minister Mark Rutte of The Netherlands to enhance, empower and connect the relevant trade and entrepreneurial links between the Netherlands and South Africa. Join us as leading CFOs and entrepreneurs tackle some of our biggest challenges, Be a part of the conversation on co-creating a brighter South Africa. Program 17.00 Opening & Reception 17.30 Master Class - What can CFOs learn from start-ups? What can start-ups learn from CFOs? Hear the success stories of Vusi Thembekwayo, Global Business Speaker, Jo Pohl, CFO Telesure, Shabeer Khan, CFO Department of Trade & Industry, Samantha Pokroy, Founder & CEO at Sanari Capital, Eric van Marle, VP Transparent and Polo Radebe. CEO IDF. Let’s combine the network, experience and capital of the corporate world with great ideas and entrepreneurship. 17.30 Round Table discussion - Better governance, better business, better South Africa Join us as we discuss the role of government entities in becoming the enablers of better business in South Africa. What can public sector CFOs do to contribute to and enable business across South Africa? How can CFOs play a more active role encouraging entrepreneurial behaviour while setting the tone in their own environments? Join us as we tackle this critical topic during Global Entrepreneurship Week. 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. Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, 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. Call for Speakers - Finance Indaba Africa 2016 13 & 14 October 2016, Sandton Convention Centre. Visit Finance-Indaba.co.za and boost your profits by 100%. Finance Indaba Africa is the biggest annual exhibition and conference for financial managers and specialists in Africa. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Then 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. Read more about the call for speakers and see the Business Day advertisement. Diamond Sponsors Read the first CFO Magazine South Africa Who are South Africa's leading CFOs? How do successful CFOs move into Africa? Why should you transform your finance function and how can you do it? How do you attract and retain talent? Who are the preferred advisors to South African CFOs? Read the latest insights from the CFO Award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Sizwe Nxasana, CEO Firstrand, Mike Brown, CEO Nedbank, Brett Goschen, CFO MTN, Brooks Mparutsa, CFO Hollard and Irene Singo, CFO Dep. Mineral Resources. As our online member we would like to give you the opportunity to read the first ever CFO Magazine South Africa online and free of charge HERE. Would you like to advertise in the next issue out November? Please contact Jurrien Morsch at [email protected] or at +27 11 083 7515. 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 check out CFOAwards.co.za. 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 2015 Nov 19 Johannesburg | House of the future Nov 24 Johannesburg | CFO South Africa Track - Oracle Cloud Day 2015 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"

16 November 2015

David Hartnett: systemic corruption has a detrimental effect on tax compliance

Corruption, more than any other factor, leads to an increase in tax avoidance and retarded economic growth. That was the message of David Hartnett, former permanent secretary of tax at the UK’s revenue and customs authority, at this year's Tax Indaba at the Sandton Convention Centre. “When there is a fair system, tax compliance and tax morality seem to be high. However, there is ample evidence that systemic corruption can do serious harm to tax morality,” he said.

12 November 2015

Newsletter: A chat to Woolworths CFO Reeza Isaacs | SA heading for the fiscal cliff | MTN CEO resigns

CFO South Africa Newsletter | Thursday 12 November Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles David Jones, B-BBEE and success, a chat to Woolworths CFO Reeza Isaacs "Finance had to make sure that common sense trumped emotion" during the acquisition of the Australian department store chain David Jones, says Woolworths CFO Reeza Isaacs during an interview with CFO South Africa. "We now have to ensure that the business is focused on delivering on the deal synergies.” SA heading for the fiscal cliff While the recent countrywide #feesmustfall movement was rooted in fundamental social issues, the consequences of the 0% increase announced by government will be dire. In a recent joint sitting of the Select and Standing Committees of Finance in parliament, Professor Jannie Rossouw (pictured), head of the School of Economic and Business Sciences at Wits University, told attendees just how dire the aforementioned consequences may be. Thundafund CEO Patrick Schofield sees role for crowdfunding in FinTech After the incredibly successful FinTech Africa event in Cape Town on 20 October 2015, our reporter Ebrahim Moolla spoke to Patrick Schofield, CEO of crowdfunding platform Thundafund. They spoke about the event, the role crowdfunding can play for FinTech and his take on social entrepreneurship. Read more exclusive articles on CFO.co.za - Virtual data rooms essential for M&A - Arie Maree, Ansarada - MTN trying to reduce $5.2 billion fine - MTN CEO resigns - Zuma among world's best-paid presidents - Will Telkom be successful in buying Cell C? - Event 19/11: what can CFOs learn from entrepreneurs? RSVP for CFO Event "House of the Future" 19 November 17.00 - 20.00 - Turbine Hall - Johannesburg On Thursday 19 November we bring together a unique blend of seasoned finance professionals and leading young entrepreneurs at the iconic Turbine Hall. What can we learn from each other and how can we bridge the gap between the executives of today’s most prominent businesses and those who will shape the future of South Africa? What are the opportunities to work closer together and strengthen our economy? Our CFO event is planned in Global Entrepreneur week "House of the future" and will form part of a week long initiative by the Dutch government launched by prime minister Mark Rutte of The Netherlands to enhance, empower and connect the relevant trade and entrepreneurial links between the Netherlands and South Africa. Join us as leading CFOs and entrepreneurs tackle some of our biggest challenges, Be a part of the conversation on co-creating a brighter South Africa. Program 17.00 Opening & Reception 17.30 Master Class - What can CFOs learn from start-ups? What can start-ups learn from CFOs? Hear the success stories of Vusi Thembekwayo, Global Business Speaker, Jo Pohl, CFO Telesure, Shabeer Khan, CFO Department of Trade & Industry, Samantha Pokroy, Founder & CEO at Sanari Capital, Luvuyo Masinda, deputy CFO, CIB Standard Bank and Polo Radebe. Owner IDF. Let’s combine the network, experience and capital of the corporate world with great ideas and entrepreneurship. 17.30 Round Table discussion - Better governance, better business, better South Africa Join us as we discuss the role of government entities in becoming the enablers of better business in South Africa. What can public sector CFOs do to contribute to and enable business across South Africa? How can CFOs play a more active role encouraging entrepreneurial behaviour while setting the tone in their own environments? Join us as we tackle this critical topic during Global Entrepreneurship Week. 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. Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, 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. Call for Speakers - Finance Indaba Africa 2016 13 & 14 October 2016, Sandton Convention Centre. Visit Finance-Indaba.co.za and boost your profits by 100%. Finance Indaba Africa is the biggest annual exhibition and conference for financial managers and specialists in Africa. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Then 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. Read more about the call for speakers and see the Business Day advertisement. Diamond Sponsors Read the first CFO Magazine South Africa Who are South Africa's leading CFOs? How do successful CFOs move into Africa? Why should you transform your finance function and how can you do it? How do you attract and retain talent? Who are the preferred advisors to South African CFOs? Read the latest insights from the CFO Award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Sizwe Nxasana, CEO Firstrand, Mike Brown, CEO Nedbank, Brett Goschen, CFO MTN, Brooks Mparutsa, CFO Hollard and Irene Singo, CFO Dep. Mineral Resources. As our online member we would like to give you the opportunity to read the first ever CFO Magazine South Africa online and free of charge HERE. Would you like to advertise in the next issue out November? Please contact Jurrien Morsch at [email protected] or at +27 11 083 7515. 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 check out CFOAwards.co.za. 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 & Fintech Events in 2015 Nov 19 Johannesburg | House of the future Nov 24 Johannesburg | CFO South Africa Track - Oracle Cloud Day 2015 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 November 2015

Virtual data rooms essential for M&A - Arie Maree, Ansarada

Virtual data rooms are crucial in ensuring that the acquisition process is as smooth as possible. That is according to Arie Maree, director at Ansarada, a world leader in merger and acquisition technology and headline sponsor of the Knife Capital Exit Conference, held at the Sandton Convention Centre on 21 August. A virtual data room is a limited-access website or software platform that bidders and advisers can use to peruse confidential corporate information before making a decision to purchase. These rooms offer significant cost savings on physical centres, especially when large teams of experts are required to perform extensive due diligence processes. They can be used for data storage, document exchange, file sharing, financial transactions and legal transactions, among other functions.

05 November 2015

Newsletter: Why Standard Chartered CFO moved to Telesure | SA at risk of further credit rating downgrades | Call for Speakers - Finance Indaba Africa 2016

CFO South Africa Newsletter | Thursday 5 November Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Exclusive: why Standard Chartered CFO Jo Pohl moved to Telesure Jo-Ann Pohl, a platinum member of CFO South Africa, has left her job as CFO Africa at Standard Chartered Bank to join insurance conglomerate Telesure Investment Holdings as group CFO, effective 15 October 2015. We spoke exclusively to Jo and asked her why she moved, what her proudest moment was at Standard Chartered Bank and what she hopes to achieve at Telesure. Gatekeeper and brand ambassador - Discovery Health CFO Brett Tromp The role of the CFO is changing dramatically and I believe being a brand ambassador is critical,” says Brett Tromp, CFO at Discovery Health and winner of not one but two CFO Awards this year. Brett's optimism, energy and strategic acumen earned him the title Young CFO of the Year and he also managed to win the High Performance Team Award. We spoke with him about Discovery’s new pharmacy offering, his push for reporting on health indicators and his values of integrity, intelligence, optimism and energy. “Integrity, intelligence, optimism and energy are my four key assets. SA at risk of further credit rating downgrades SA Finance Minister, Nhlanhla Nene (pictured), is struggling to keep the country's credit rating afloat while diminishing tax revenue puts pressure on the budget deficit, affording him less room to stimulate the struggling economy. Read more exclusive articles on CFO.co.za - Is a VAT rate increase needed? Judge Dennis Davis weighs in - SA's trade deficit drops dramatically - Nigerian Communications Commission slaps MTN with a hefty fine - SAP Business One - Improving total cost of ownership efficiencies - Don't miss the Oracle Cloud Day on 24 November 2015 - register now! - PetroSA selling off equity in its offshore blocks RSVP for CFO Event "House of the Future" 19 November 17.00 - 20.00 - Turbine Hall - Johannesburg On Thursday 19 November we bring together a unique blend of seasoned finance professionals and leading young entrepreneurs at the iconic Turbine Hall. What can we learn from each other and how can we bridge the gap between the executives of today’s most prominent businesses and those who will shape the future of South Africa? What are the opportunities to work closer together and strengthen our economy? Our CFO event is planned in Global Entrepreneur week "House of the future" and will form part of a week long initiative by the Dutch government launched by prime minister Mark Rutte of The Netherlands to enhance, empower and connect the relevant trade and entrepreneurial links between the Netherlands and South Africa. Join us as leading CFOs and entrepreneurs tackle some of our biggest challenges, Be a part of the conversation on co-creating a brighter South Africa. Program 17.00 Opening & Reception 17.30 Master Class - What can CFOs learn from start-ups? What can start-ups learn from CFOs? Hear the success stories of Vusi Thembekwayo, Global Business Speaker, Jo Pohl, CFO Telesure, Shabeer Khan, CFO Department of Trade & Industry, Samantha Pokroy, Founder & CEO at Sanari Capital, Luvuyo Masinda, deputy CFO, CIB Standard Bank and Polo Radebe. Owner IDF. Let’s combine the network, experience and capital of the corporate world with great ideas and entrepreneurship. 17.30 Round Table discussion - Better governance, better business, better South Africa Join us as we discuss the role of government entities in becoming the enablers of better business in South Africa. What can public sector CFOs do to contribute to and enable business across South Africa? How can CFOs play a more active role encouraging entrepreneurial behaviour while setting the tone in their own environments? Join us as we tackle this critical topic during Global Entrepreneurship Week. 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. Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, 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. Call for Speakers - Finance Indaba Africa 2016 13 & 14 October 2016, Sandton Convention Centre. Visit Finance-Indaba.co.za and boost your profits by 100%. Finance Indaba Africa is the biggest annual exhibition and conference for financial managers and specialists in Africa. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Then share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected].za or at +27 11 083 7515. Read more about the call for speakers and see the Business Day advertisement. Diamond Sponsors Read the first CFO Magazine South Africa Who are South Africa's leading CFOs? How do successful CFOs move into Africa? Why should you transform your finance function and how can you do it? How do you attract and retain talent? Who are the preferred advisors to South African CFOs? Read the latest insights from the CFO Award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Sizwe Nxasana, CEO Firstrand, Mike Brown, CEO Nedbank, Brett Goschen, CFO MTN, Brooks Mparutsa, CFO Hollard and Irene Singo, CFO Dep. Mineral Resources. As our online member we would like to give you the opportunity to read the first ever CFO Magazine South Africa online and free of charge HERE. Would you like to advertise in the next issue out November? Please contact Jurrien Morsch at [email protected] or at +27 11 083 7515. 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 check out CFOAwards.co.za. 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 & Fintech Events in 2015 Nov 19 Johannesburg | House of the future Nov 24 Johannesburg | CFO South Africa Track - Oracle Cloud Day 2015 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"

04 November 2015

Exclusive: why Standard Chartered CFO Jo Pohl moved to Telesure

Jo-Ann Pohl, a platinum member of CFO South Africa, has left her job as CFO Africa at Standard Chartered Bank to join insurance conglomerate Telesure Investment Holdings as group CFO, effective 15 October 2015. We spoke exclusively to Jo and asked her why she moved, what her proudest moment was at Standard Chartered Bank and what she hopes to achieve at Telesure. "The opportunity to work in non-banking financial services with a proudly South African brand on home soil was a compelling proposition and aligned to my personal goals."

03 November 2015

Gatekeeper and brand ambassador - Discovery Health CFO Brett Tromp

“The role of the CFO is changing dramatically and I believe being a brand ambassador is critical,” says Brett Tromp, CFO at Discovery Health and winner of not one but two CFO Awards this year. Brett's optimism, energy and strategic acumen earned him the title Young CFO of the Year and he also managed to win the High Performance Team Award. We spoke with him about Discovery’s new pharmacy offering, his push for reporting on health indicators and his values of integrity, intelligence, optimism and energy. “Integrity, intelligence, optimism and energy are my four key assets."

02 November 2015

Don't miss the Oracle Cloud Day on 24 November 2015 - register now!

"Keep your eyes on the cloud, but keep your feet on the ground." That is the theme of the CFO track at this year's Oracle Cloud Day on 24 November (8h30-14h00) at The Forum in Bryanston, with an exciting program - tailor-made by CFO South Africa's event specialists. "Financials who want to know what cloud really is and what it can do for you, can register for free," says Melle Eijckelhoff, who has been personally involved in this unique partnership with Oracle. "Give yourself an early Christmas present and invest in your knowledge."

29 October 2015

Newsletter: Clean books and clean streets: Suren Maharaj at Pikitup | Cliff Baty new Man United CFO | China invests big in Africa

CFO South Africa Newsletter | Thursday 29 October Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Clean books and clean streets: Suren Maharaj at Pikitup Inheriting the wonky books of a government-owned company known for its shoddy service delivery and corruption sagas involving many staff members including the senior management is not everyone’s cup of tea, but the Durban-born CA Suren Maharaj was clearly up to the task. He managed to turn around Pikitup, the waste management company of the City of Johannesburg and turn an organisation with disastrous financials into a success story. Cliff Baty new Man United CFO Manchester United, one of the world's most popular and successful sports teams, recently announced that it has appointed Cliff Baty as its new CFO. "He is a proven finance executive who brings a wealth of international business experience, and will be an excellent addition to our senior management team.” China invests big in Africa Leading up to its imminent forum on China-Africa cooperation, China has pledged a whopping R660 billion ($50 billion), earmarked for various industrialisation projects in South Africa and Africa. Read more exclusive articles on CFO.co.za - Call for speakers now open - Finance Indaba 2016 - Mxit shuts up shop - Economic cloud has silver lining, says PwC’s Maija de Rijk-Uys - Launch of new African Bank, Good Bank, delayed - Armscor receives clean audit for 2014/2015 financial year - Asking the right questions – CFOs discuss big data The call for speakers for Finance Indaba Africa is open Finance Indaba Africa is the largest expo and conference for finance professionals. It brings together peers, advisors, technology suppliers, banks, platforms, tools, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. We are calling for speakers: are you enabling businesses to cut costs, boost sales, productivity and company profits? Then share your ideas at the Finance Indaba and help the country grow. Read more about the call for speakers. Contact Graham Fehrsen on 079 898 0227 / [email protected] Visit the Finance Indaba 13 & 14 October 2016. 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. Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, 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. Visit Finance Indaba Africa 2016 Finance Indaba Africa is the biggest annual exhibition and conference for financial managers and specialists in Africa. Over 1000 visitors are coming to Finance Indaba Africa to improve financial performance. Visitors are looking for growth, better and faster insights, more control and higher efficiency. Visitors are looking for ideas, inspiration, vendors and advisers and are planning to invest. Visitors are eager to boost their companies, networks and careers. Where & when? Sandton Convention Centre 13 & 14 October 2016. For more information please visit Finance-Indaba.co.za. Would you like to become an exhibitor or you want to visit the indaba? Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Read the first CFO Magazine South Africa Who are South Africa's leading CFOs? How do successful CFOs move into Africa? Why should you transform your finance function and how can you do it? How do you attract and retain talent? Who are the preferred advisors to South African CFOs? Read the latest insights from the CFO Award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Sizwe Nxasana, CEO Firstrand, Mike Brown, CEO Nedbank, Brett Goschen, CFO MTN, Brooks Mparutsa, CFO Hollard and Irene Singo, CFO Dep. Mineral Resources. As our online member we would like to give you the opportunity to read the first ever CFO Magazine South Africa online and free of charge HERE. Would you like to advertise in the next issue out November? Please contact Jurrien Morsch at [email protected] or at +27 11 083 7515. 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 check out CFOAwards.co.za. 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 & Fintech Events in 2015 Nov 19 Johannesburg | House of the future Nov 24 Johannesburg | CFO South Africa Track - Oracle Cloud Day 2015 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 October 2015

Call for speakers now open - Finance Indaba 2016

In 2014 CFO South Africa piloted the CFO Awards, this year we launched a massive partnership with KPMG and next year is going to see the Sandton Convention Centre's doors open for the first ever Finance Indaba. "The difference between success and failure is often determined by the quality of the finance team and processes," says CFO South Africa's founding director Melle Eijckelhoff, who has a long track record of landmark finance events in Europe and is now working tirelessly to make the Finance Indaba a massive success.

27 October 2015

Clean books and clean streets: Suren Maharaj at Pikitup

Inheriting the wonky books of a government-owned company known for its shoddy service delivery and corruption sagas involving many staff members including the senior management is not everyone’s cup of tea, but the Durban-born CA Suren Maharaj was clearly up to the task. He managed to turn around Pikitup, the waste management company of the City of Johannesburg and turn an organisation with disastrous financials into a success story.

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