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26 March 2015 CFO South Africa Newsletter | Thursday March 26 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Prof. Watson: 6 tips to get to grips with IFRS 15 (Revenue) The publication of the new standard on revenue, IFRS 15, in May 2014 is the most significant change to IFRS in the last couple of years. Almost every company earns revenue in some form or other, and for most of those companies revenue is the single largest figure in the financial statements. Preparers need to prioritise getting to grips with how IFRS 15 will impact their business. Great insight into African tax by KPMG’s top experts Never speak to the tax authority in an African country without an advisor present, make better use of tax incentives and familiarise yourself with the local tax law and the people who enforce it. Those were some of the lessons during the extremely insightful Master Class at Thursday’s Moving into Africa event in the Michelangelo Hotel in Sandton. The CFOs present received a comprehensive overview of African tax affairs by some of the brightest tax minds on the continent, provided by KPMG. Tax strategies in the spotlight at Moving into Africa event - regis... Besides financial, social and environmental data, integrated reports should include data on the health and wellness of staff, argues Brett Tromp, CFO of Discovery Health. We asked him what his ‘fourth bottom line’ means and why CFOs should care about health in the first place. Read more exclusive articles on cfo.co.za - Editorial: South African CFOs should drop the arrogance in 'Africa' Join the 2nd CFO Awards South Africa & Conference Thursday May 14th at the Summer Place, Johannesburg 15.30 - 23.00. The annual CFO Awards will be held at the beautiful Summer Place in Johannesburg. This prestigious event recognises CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. The gala dinner brings together South Africa’s top finance professionals. It is an opportunity to celebrate excellence and engage in conversations about the culture, pitfalls and possibilities of continuously exceeding expectations. Chaired by Vusi Thembekwayo, the CFO Awards are preceded by the CFO Conference. Designed to demonstrate thought leadership, extend professional networks and help businesses to grow, this event sets the bar for financial leadership on the African continent. It is open to all CFOs and Financial Directors. Program: 15.30 Opening CFO Awards 2015 & Reception 16.30 Sessions - Strategy Execution - High Performance Team - Finance Transformation - Public Finance - Moving into Africa - Master Class "The exponential organisation" 18.00 Pre Dinner Drinks 18.30 CFO Dinner & Awards - CFO of the Year Award - Public CFO of the Year Award - Young CFO of the Year Award - Moving into Africa Award - Finance & Technology Award - Transformation & Empowerment Award - Finance Transformation Award - Strategy Execution Award - Compliance & Governance Award - High Performance Team Award 22.00 After Drinks CFO South Africa invites you to buy a table at the CFO Awards, attend the CFO Conference or become our partner. Places are limited, so book now to avoid disappointment. Register now here. Principal Sponsor CFO Awards: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Allianz, Aveng, Barclays, Cashbuild, City of Johannesburg, Eskom, EOH, FNB, G4S, Gauteng Treasury, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Sasol, Standard Bank, Telkom, Transnet and Woolworths. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa May 14 Johannesburg | CFO Awards 2015 June 25 Johannesburg | Corporate Finance July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 25 March 2015 As an aside during our successful Moving into Africa event in the Michelangelo Hotel in Sandton, Sean Bennett, Head of UBS South Africa and Sub Saharan Africa, remarked that South Africans are not always welcomed with open arms in the rest of the continent. We are often guilty of talking about 'Africa' as if South Africa is not part of the continent, we are often guilty of arrogantly viewing the swath of land north of the Limpopo as largely undeveloped and we are often wrongly assuming that we have to import expats because of the purported lack of local talent. 24 March 2015 Besides financial, social and environmental data, integrated reports should include data on the health and wellness of staff, argues Brett Tromp, CFO of Discovery Health. We asked him what his ‘fourth bottom line’ means and why CFOs should care about health in the first place. 23 March 2015 The publication of the new standard on revenue, IFRS 15, in May 2014 is the most significant change to IFRS in the last couple of years. Almost every company earns revenue in some form or other, and for most of those companies revenue is the single largest figure in the financial statements. Preparers need to prioritise getting to grips with how IFRS 15 will impact their business. 21 March 2015 Kevin Johnson | Chief Financial Officer | Howden Africa Holdings 20 March 2015 Never speak to the tax authority in an African country without an advisor present, make better use of tax incentives and familiarise yourself with the local tax law and the people who enforce it. Those were some of the lessons during the extremely insightful Master Class at Thursday’s Moving into Africa event in the Michelangelo Hotel in Sandton. The CFOs present received a comprehensive overview of African tax affairs by some of the brightest tax minds on the continent, provided by KPMG. 19 March 2015 CFO South Africa Newsletter | Thursday March 19 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Greg Davis, Standard Bank: 4 principles for Africa - influencing In January Greg Davis, CFO Africa at the Standard Bank Group, introduced his key principles for doing business in Africa and elaborated on being in control. Last month he explained the finer details of the second i: interacting. In this Expert Insight he talks about the third principle: influencing. CFOs of Gold Fields, Howden, Spar and Morvest interviewed by award ... Members of the panel of judges for the CFO Awards 2015 is currently interviewing the nominated CFOs to help them decide who is going to be CFO of the Year and who will win the other 9 coveted awards. Last week Thursday judge Christo Els, senior partner at law firm Webber Wentzel, spoke to Paul Schmidt, Financial Director at mining company Gold Fields. Tax strategies in the spotlight at Moving into Africa event - regis... The raison d'être of organisations is to enable groups of people to work together and achieve what they would be unable to achieve as individuals, on their own. Delegation is an age-old art − of assigning tasks and sharing responsibilities – and is therefore essential to organisation. Read more exclusive articles on cfo.co.za - Great energy at launch of FinTech Africa community Learn how to succesfully move into Africa CFO Event Moving into Africa Thursday March 19th at the Michelangelo Hotel 16.00 - 20.00. Avoid the pitfalls - grab the opportunities. We will help you to explore the challenges and opportunities from regional tax developments with the foremost African tax specialists from KPMG. Tax strategies for growing your business in Africa. South African businesses are finding many opportunities to thrive within the developing markets in Africa. As as CFO there are many things to consider while planning for an international growth strategy. The key to success can be in the tax details. Join us to learn and share practical insight and cases that can help you take tackle your African tax strategy. Program: Start and Welcome CFO Event 16.00 - 17.00 Master Class 'Moving into Africa' 17.00 - 18.45 Presenters: • Greg Davis - CFO Africa Standard Bank • Devon Duffield - Chairman: Tax & Legal KPMG • Venter Labuschagne - Head: Trade & Customs KPMG • Richard Ndung’u - Partner and Head of Tax KPMG Kenya • Victor Onyenkpa - Partner KPMG Nigeria • Louison Kiyombo - Head of Tax and Legal KPMG DRC Panel: • Bikash Prasad - CFO Olam International • Sean Bennett - CEO UBS South Africa and Sub Saharan Africa CFO Public Round Table 'Change Management' 17.00 - 18.45 There is power in sharing stories and experiences with your peers. The challenges that face the CFO in the Public sector demands not only financial knowledge and expertise. Change management and empowerment are skills that will determine the future and success of the public organisation. In this round table we are going to discuss Change management and the role you can or want to play in continuous improvement. This exclusive get-together will offer you the unique opportunity to share your vision and ideas with top CFOs from the public sector. CFO Café 18.45 - 20.00 Join this event free of charge and don’t miss out on the CFO Event on Moving into Africa from 16.00 - 20.00 and register here. Sponsors CFO Event Moving into Africa & Round Table Public Finance: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa May 14 Johannesburg | CFO Awards 2015 June 25 Johannesburg | Capital & Finance July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 18 March 2015 A group of energetic investors, entrepreneurs, bankers and lawyers met at the office of Norton Rose Fulbright in Sandton on Tuesday 17 March 2015 to discuss the massive opportunities FinTech initiatives have to propel change in Africa. They gathering was the founding meeting of FinTech Africa, a new community that aims to provide robust peer to peer interaction, enabling synergies and acting as an incubator for exciting ideas. 17 March 2015 Members of the panel of judges for the CFO Awards 2015 is currently interviewing the nominated CFOs to help them decide who is going to be CFO of the Year and who will win the other 9 coveted awards. 16 March 2015 Extra CFO South Africa Newsletter | Monday March 16 Learn how to succesfully move into Africa CFO Event Moving into Africa Thursday March 19th at the Michelangelo Hotel 16.00 - 20.00. Avoid the pitfalls - grab the opportunities. We will help you to explore the challenges and opportunities from regional tax developments with the foremost African tax specialists from KPMG. Tax strategies for growing your business in Africa. South African businesses are finding many opportunities to thrive within the developing markets in Africa. As as CFO there are many things to consider while planning for an international growth strategy. The key to success can be in the tax details. Join us to learn and share practical insight and cases that can help you take tackle your African tax strategy. Program: Start and Welcome CFO Event 16.00 - 16.45 Master Class 'Moving into Africa' 16.45 - 18.45 Presenters: • Greg Davis - CFO Africa Standard Bank • Devon Duffield - Chairman: Tax & Legal KPMG • Venter Labuschagne - Head: Trade & Customs KPMG • Richard Ndung’u - Partner and Head of Tax KPMG Kenya • Victor Onyenkpa - Partner KPMG Nigeria • Louison Kiyombo - Head of Tax and Legal KPMG DRC Panel: • Bikash Prasad - CFO Olam International • Sean Bennett - CEO UBS South Africa and Sub Saharan Africa • Colin Coleman - Head for sub-Saharan Africa Goldman Sachs CFO Public Round Table 'Change Management' 16.45 - 18.15 There is power in sharing stories and experiences with your peers. The challenges that face the CFO in the Public sector demands not only financial knowledge and expertise. Change management and empowerment are skills that will determine the future and success of the public organisation. In this round table we are going to discuss Change management and the role you can or want to play in continuous improvement. This exclusive get-together will offer you the unique opportunity to share your vision and ideas with top CFOs from the public sector. CFO Café 18.15 - 20.00 Join this event free of charge and don’t miss out on the CFO Event on Moving into Africa from 16.00 - 20.00 and register here. Sponsors CFO Event Moving into Africa & Round Table Public Finance: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. Are you a CFO? You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your finance colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa May 14 Johannesburg | CFO Awards 2015 June 25 Johannesburg | Capital & Finance July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 16 March 2015 In January Greg Davis, CFO Africa at the Standard Bank Group, introduced his key principles for doing business in Africa and elaborated on being in control. Last month he explained the finer details of the second i: interacting. In this Expert Insight he talks about the third principle: influencing. 14 March 2015 John King | Chief Financial Officer | EOH Holdings Ltd 14 March 2015 Cobus Grove is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Lawrence Weitzmann is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Robbie Taylor is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Suren Singh | Chief Financial Officer | Morvest Group 14 March 2015 Brett Tromp is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Casper Troskie is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Anoj Singh is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 14 March 2015 Paul Schmidt | Chief Financial Officer | Gold Fields 14 March 2015 Megan Pydigadu is nominated for the CFO Awards 2015. The factsheet below together with her interview with the panel of judges will be used to determine the CFO Award winners 2015. 13 March 2015 Greg Davis is nominated for the CFO Awards 2015. The factsheet below together with his interview with the panel of judges will be used to determine the CFO Award winners 2015. 13 March 2015 While South African CFOs are keen to help their businesses explore options in Nigeria, Ghana, Kenya, the Democratic Republic of Congo and other African countries, the prospect of governance and tax issues still fills many with trepidation. During our Moving into Africa event on Thursday 19 March in Johannesburg a impressive team of African tax specialists will ease your mind and talk about the latest developments. It is not too late yet to REGISTER for the event. This is the CFO event you can’t afford to miss! 12 March 2015 CFO South Africa Newsletter | Thursday March 12 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Exclusive: FirstRand's retiring CEO Sizwe Nxasana on CFOs, SAICA, B... Business power house, Chartered Accountant and Fort Hare graduate Sizwe Nxasana (57) started KwaZulu-Natal’s first black audit firm in 1989, listed Telkom at the JSE in 2003 and more than doubled FirstRand’s market cap to R295 billion in 2015, after becoming CEO in 2010. Last week he announced he will step down as CEO in September In an exclusive interview with CFO South Africa, Nxasana chats about the role of CFOs, SAICA, the economy and BEE. He also has some tips for ambitious CAs. CFOs of Barclays Africa, Discovery Health, Transnet and Santova int... March is the month that the judges for the CFO Awards 2015 interview most of the nominated CFOs, with the event - a conference and gala dinner - taking place on 14 May. Just in the last three days, the judges have spoken to the finance bosses of a bank, a health insurer, a state-owned company and a logistics business. 7 tips for CFOs who struggle to delegate The raison d'être of organisations is to enable groups of people to work together and achieve what they would be unable to achieve as individuals, on their own. Delegation is an age-old art − of assigning tasks and sharing responsibilities – and is therefore essential to organisation. Read more exclusive articles on cfo.co.za - Panel of judges for CFO Awards 2015 meet at JSE Limited Register for CFO Event Moving into Africa Learn how to successfully move into Africa Thursday March 19th at the Michelangelo Hotel. A world of opportunities await innovative organisations in Africa and South Africa. As the pace of development into the rest of Africa gains momentum, more and more South African and international companies are considering expanding their businesses into the rest of the continent, the opportunities are rife. Learn from how to successfully move into Africa by sharing the best practices of Standard Bank's CFO Africa Greg Davis and other experts. Join this next CFO Event in Johannesburg. Join this event free of charge and don’t miss out on the CFO Event on Moving into Africa from 4pm - 8pm and register now: - Register. Principal Sponsor CFO Event Moving into Africa: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 11 March 2015 March is the month that the judges for the CFO Awards 2015 interview most of the nominated CFOs, with the event - a conference and gala dinner - taking place on 14 May. Just in the last three days, the judges have spoken to the finance bosses of a bank, a health insurer, a state-owned company and a logistics business. 10 March 2015 Business power house, Chartered Accountant and Fort Hare graduate Sizwe Nxasana (57) started KwaZulu-Natal’s first black audit firm in 1989, listed Telkom at the JSE in 2003 and more than doubled FirstRand’s market cap to R295 billion in 2015, after becoming CEO in 2010. Last week he announced he will step down as CEO in September. In an exclusive interview with CFO South Africa, Nxasana chats about the role of CFOs, SAICA, the economy and BEE. He also has some tips for ambitious CAs. 09 March 2015 The raison d'être of organisations is to enable groups of people to work together and achieve what they would be unable to achieve as individuals, on their own. Delegation is an age-old art − of assigning tasks and sharing responsibilities – and is therefore essential to organisation. 06 March 2015 One of the key success factors behind the annual CFO Awards is the strong composition of the panel of judges. On 17 February 2015 the panel for the 2015 awards met in a boardroom of the JSE Limited to discuss this year’s process and procedures. “We are truly honoured to have a group of such respected leaders on the panel to decide who are the best CFOs in South Africa at the moment,” said CFO South Africa CEO Melle Eijckelhoff, who convened the meeting. 04 March 2015 I always find it slightly disappointing when CFOs need to run an interview by their communications department. So it was really refreshing to do an interview yesterday that I managed to write up on the same day and that was approved within an hour. The interviewee? Sizwe Nxasana, CEO of FirstRand and responsible for a R295 billion market cap. Yet again, I must conclude: the more senior or influential a person is, the easier they are to talk to and the less bureaucratic they are about approving their interviews. 03 March 2015 “It is very important to understand how investors see the business, because if you don’t listen to them, you might miss important trends,” says Casper Troskie, Financial Director at financial services company Liberty. In an exclusive interview with CFO South Africa Troskie shares valuable advice for ambitious Chartered Accountants, recalls his proudest moments and elaborates on the culture change that Liberty has embarked on. “It has been a great journey, but I see the task only as a third of the way done.” 02 March 2015 Line managers in government departments, municipalities and other public institutions should prioritise financial management and public CFOs should help them with that, argues Dumisani Dlamini, CFO at the National Arts Council of South Africa (NAC). 27 February 2015 Advertiorial 26 February 2015 CFO South Africa Newsletter | Thursday February 26 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Lifehacker Martijn Aslander warns CFOs for ‘weapons of mass disrupt... After dazzling the CFOs and other top finance professionals with a barrage of inspiring technological innovations, visionary speaker and entrepreneur Martijn Aslander sounded the clarion call for a people-centered digital revolution. “In the next ten years, the world will have changed more than it has in the last century.” CFO of the Week: Steven Whiley (Neotel): great CFOs take risks “A great CFO needs to have appetite for a certain level of risk,” says Steven Whiley, CFO at Neotel, South Africa’s second fixed line operator. Whiley is currently part if the negotiations for the sale of Neotel to communications giant Vodacom and has earned his stripes during a long and varied career as CFO in several industries. “The best CFOs can look at the balance sheet and understand from there what makes the business tick.” CFOs of Oceana, Spur and Ascendis Health speak to Awards judges Whether social investment is central to your business or not, it is undeniable that all companies have social touch-points, which mean that companies influence, and are influenced by the societies in which they operate. Read more exclusive articles on cfo.co.za - News: Shock after resgination SAB Miller CFO Jamie Wilson Register for CFO Event Moving into Africa Learn how to successfully move into Africa Thursday March 19th at the Michelangelo Hotel. A world of opportunities await innovative organisations in Africa and South Africa. As the pace of development into the rest of Africa gains momentum, more and more South African and international companies are considering expanding their businesses into the rest of the continent, the opportunities are rife. Learn from how to successfully move into Africa by sharing the best practices of Standard Bank's CFO Africa Greg Davis and other experts. Join this next CFO Event in Johannesburg. Join this event free of charge and don’t miss out on the CFO Event on Moving into Africa from 4pm - 8pm and register now: - March 19th at the Michalengelo Hotel Principal Sponsor CFO Event Moving into Africa: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 25 February 2015 The sudden resignation of SAB Miller's Chief Financial Officer Jamie Wilson has got a lot of people thinking. First of all, many people are wondering if his departure is linked to the rumoured bid the world's largest beer brewer Anheuser-Busch InBev apparently wants to make for SAB Miller, the global number 2. Second of all, and this one is particularly relevant for the CFO Community, is that is clear that CFO appointments and departures set tongues wagging these days. 24 February 2015 “A great CFO needs to have appetite for a certain level of risk,” says Steven Whiley, CFO at Neotel, South Africa’s second fixed line operator. Whiley is currently part if the negotiations for the sale of Neotel to communications giant Vodacom and has earned his stripes during a long and varied career as CFO in several industries. “The best CFOs can look at the balance sheet and understand from there what makes the business tick.” 23 February 2015 The work of the panel of judges for the CFO Awards 2015 might be a huge responsibility and - at times - a lot of work, but it is definitely never boring! On Thursday and Friday nominated CFOs from Africa's largest fishery, one of our most beloved restaurant groups and a Cape Town-based healthcare firm were interviewed by the judges. Earlier that we the panel had already learnt about aerospace and defence, fleet management, waste management and the governance of mining. 20 February 2015 After dazzling the CFOs and other top finance professionals with a barrage of inspiring technological innovations, visionary speaker and entrepreneur Martijn Aslander sounded the clarion call for a people-centered digital revolution. “In the next ten years, the world will have changed more than it has in the last century.” 19 February 2015 CFO South Africa Newsletter | Thursday February 19 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFOs shaken out of comfort zone during Get Smart event CFOs were rattled out of their comfort zone yesterday during our Get Smart in 2015 event, hosted at the JSE Limited in Sandton, Johannesburg. In an extremely well-received key note speech, Martijn Aslander - from The Netherlands - told finance leaders they need to adapt or risk becoming obsolete. He talked the audience through a number of exciting innovations and disruptive developments that will change the world within the next 10 years Awards judges interview CFOs of Denel, MiX Telematics, Interwaste a... Who is going to be the CFO of the Year 2015? It is up to the impressive panel of judges to decide who will climb the podium of the Summer Place on 14 May 2015 and receive the prestigious award. The 15 captains of industry (and a professor) will largely base their judgement on the interviews with the 28 nominated CFOs. Expert Insight: How to create business value through social investment Whether social investment is central to your business or not, it is undeniable that all companies have social touch-points, which mean that companies influence, and are influenced by the societies in which they operate. Read more exclusive articles on cfo.co.za - Allan Mundell Director Nolands - The case for having auditor act as... Register for CFO Event Moving into Africa Learn how to successfully move into Africa Thursday March 19th at the Michelangelo Hotel. A world of opportunities await innovative organisations in Africa and South Africa. As the pace of development into the rest of Africa gains momentum, more and more South African and international companies are considering expanding their businesses into the rest of the continent, the opportunities are rife. Learn from how to successfully move into Africa by sharing the best practises of experts and CFOs. Join this next CFO Event in Johannesburg. Join this event free of charge and don’t miss out on the CFO Event on Moving into Africa from 4pm - 8pm and register now: - March 19th at the Michalengelo Hotel Principal Sponsor CFO Event Moving into Africa: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Johannesburg | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 18 February 2015 CFOs were rattled out of their comfort zone yesterday during our Get Smart in 2015 event, hosted at the JSE Limited in Sandton, Johannesburg. In an extremely well-received key note speech, Martijn Aslander - from The Netherlands - told finance leaders they need to adapt or risk becoming obsolete. He talked the audience through a number of exciting innovations and disruptive developments that will change the world within the next 10 years. “In the future it is no longer about what you own or what you do, but it is about your attitude and your ability to adapt.” 17 February 2015 Who is going to be the CFO of the Year 2015? It is up to the impressive panel of judges to decide who will climb the podium of the Summer Place on 14 May 2015 and receive the prestigious award. The 15 captains of industry (and a professor) will largely base their judgement on the interviews with the 28 nominated CFOs. Yesterday, we kicked off the interview process and just like last year, it is an enormous privilege for me as editor of CFO South Africa to witness these in depth conversations between some of the most influential and interesting leaders in the country. 16 February 2015 Whether social investment is central to your business or not, it is undeniable that all companies have social touch-points, which mean that companies influence, and are influenced by the societies in which they operate. 13 February 2015 When should a company hire a CFO? It is a difficult question to answer said Nolands director, Allan Mundell but it usually came down to size and whether the business owner is serious about growth and sustainability. 12 February 2015 CFO South Africa Newsletter | Thursday February 12 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Greg Davis, Standard Bank: 4 principles for Africa - interacting In January Greg Davis, CFO Africa at the Standard Bank Group, introduced his key principles for doing business in Africa and elaborated on being in control. In this Expert Insight he talks about the second principle: interacting. 5 questions for… Frank Rizzo (KPMG): weird relationships and strang... Frank Rizzo is Partner and Technology sector leader for Africa at KPMG. During our upcoming events in Johannesburg (17 February) and Cape Town (19 February) he will deliver two thought provoking master classes about the latest and greatest in the IT world. In today’s partner interview we ask him what the major trends are and why CFOs should care. CFO of the Week: Nishant Saxena (Cipla Medpro): Finance as business partner and in-h... Last year Nishant Saxena traded his job as CFO of pharmaceutical company Cipla India for a move to Cape Town, where he is now the Chief Financial & Administrative Officer of Cipla Medpro. During the CFO event at the Cape Town Club on 19 February, Nishant will be the key note speaker. He will share some of his experiences in South Africa so far and he will talk about the transition of finance from a bookkeeping role to a true business partner. Read more exclusive articles on cfo.co.za - CFO Awards biggest and best on CFO calendar Register for CFO Event Get Smart in Cape Town Discuss your agenda for 2015 Thursday February 19th at the Cape Town Club 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nishant Saxena CFO Cipla Medpro Hear from the CFO of one of the country’s leading pharmaceutical companies, Cipla Medpro. He will discuss the changing role of the CFO, expectations to manage risks, using technology for analytics, and share his experiences at Cipla. Afterwards at the CFO Café you can share and discuss the latest insights with the other attending CFOs. Join this event free of charge and don’t miss out on the first CFO Event of 2015 from 4pm - 8pm and register now: - February 19th at the Cape Town Club, register here. Partners CFO Event Get Smart in 2015: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 11 February 2015 With three months to go to the annual CFO Awards, we have been amazed by the excitement and anticipation the conference and gala dinner have already created amongst CFOs. With finance bosses of big banks, listed companies and government departments already on the list of attendees, the event is proving to be the biggest and best on the annual CFO calendar. 11 February 2015 Technology has changed the way we live and the way we work. The pace of change resulting from technological advancement has accelerated. We will discuss innovations and inventions as a result of technology on business and how it is exposing business opportunities. 10 February 2015 Last year Nishant Saxena traded his job as CFO of pharmaceutical company Cipla India for a move to Cape Town, where he is now the Chief Financial & Administrative Officer of Cipla Medpro. During the CFO event at the Cape Town Club on 19 February, Nishant will be the key note speaker. He will share some of his experiences in South Africa so far and he will talk about the transition of finance from a bookkeeping role to a true business partner. 09 February 2015 In January Greg Davis, CFO Africa at the Standard Bank Group, introduced his key principles for doing business in Africa and elaborated on being in control. In this Expert Insight he talks about the second principle: interacting. 06 February 2015 Frank Rizzo is Partner and Technology sector leader for Africa at KPMG. During our upcoming events in Johannesburg (17 February) and Cape Town (19 February) he will deliver two thought provoking master classes about the latest and greatest in the IT world. In today’s partner interview we ask him what the major trends are and why CFOs should care. 05 February 2015 CFO South Africa Newsletter | Thursday February 5 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFO of the Week: Fanus le Roux, CFO Africa – Middle East, Aurecon: being trusted is ... There are not a lot of South African CFOs who have experienced and contributed to such spectacular corporate growth as Fanus le Roux. When he joined Tshwane-based engineering, management and specialist technical services company Aurecon (then Africon) 20 years ago, it had a turnover of R132 million. These days the company is a global one, with its African operations contributing a R2.6 billion turnover annually. “It has been an exciting journey,” le Roux says modestly. Expert Insight Alex Watson: Rethinking financial disclosures in integrated reports Most listed South African companies include either full or summarized financial statements in their integrated reports (In 2013 54 of 100 largest listed companies included full financials and 35 summarized). Are companies doing that in order to be compliant with regulations (as in “the company secretary insists!”) or because they believe that is the best way to communicate the company’s ability to create value in the future? Editorial: the bright side of headless chickens & impressive speakers As we’re getting closer to our February events in Johannesburg (17 February) and Cape Town (19 February), I have the privilege of chatting to some of the people that will be sharing their insights during those afternoons and evenings. This week I spoke to KPMG’s Frank Rizzo about technology and to Cipla Medpro’s Nishant Saxena about the transition from bookkeeper to business partner that many of our CFOs are going through. These are two experienced business people that know exactly what they are talking about! Read more exclusive articles on cfo.co.za - 6 Questions for KPMG's Granville Smith: turn risk into opportunity Register for CFO Event Get Smart in Cape Town Discuss your agenda for 2015 Thursday February 19th at the Cape Town Club 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nishant Saxena CFO Cipla Medpro Hear from the CFO of one of the country’s leading pharmaceutical companies, Cipla Medpro. He will discuss the changing role of the CFO, expectations to manage risks, using technology for analytics, and share his experiences at Cipla. Afterwards at the CFO Café you can share and discuss the latest insights with the other attending CFOs. Join this event free of charge and don’t miss out on the first CFO Event of 2015 from 4pm - 8pm and register now: - February 19th at the Cape Town Club, register here. Partners CFO Event Get Smart in 2015: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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 February 2015 As we’re getting closer to our February events in Johannesburg (17 February) and Cape Town (19 February), I have the privilege of chatting to some of the people that will be sharing their insights during those afternoons and evenings. This week I spoke to KPMG’s Frank Rizzo about technology and to Cipla Medpro’s Nishant Saxena about the transition from bookkeeper to business partner that many of our CFOs are going through. These are two experienced business people that know exactly what they are talking about! 03 February 2015 There are not a lot of South African CFOs who have experienced and contributed to such spectacular corporate growth as Fanus le Roux. When he joined Tshwane-based engineering, management and specialist technical services company Aurecon (then Africon) 20 years ago, it had a turnover of R132 million. These days the company is a global one, with its African operations contributing a R2.6 billion turnover annually. “It has been an exciting journey,” le Roux says modestly. 02 February 2015 29 January 2015 CFO South Africa Newsletter | Thursday January 29 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles 6 Questions for KPMG's Granville Smith: turn risk into opportunity "Turn risk on its head and explore the opportunities offered by signals of change in the marketplace," says Granville Smith, KPMG Partner in charge of the South African KPMG’s Internal Audit Business Division. We spoke to Granville about what makes a good internal auditor and he gave some great tips for CFOs and CAs of 2015. "Stay away from the tick-box approach!" CFO of the Week: Jonathan Maehler, ChemSpec: honest information - a recipe for success “I have always had the philosophy that honesty, which at first, in some cases, may lead to a negative response, in the long run acts as a motivator,” says Jonathan Maehler, Financial Director at ChemSpec, one of Africa's largest paint and coatings companies. He has been guiding the business through a difficult period over the last three and a half years. “Being a CFO requires toughness in these situations, because you have to bring the truth to the fore. Through an intense focus on growing sales and regaining customers, we have found our way up.” Expert Insight Fowzia Gamiet: Why the tweet are CFOs not online? CFOs are not really known for their active presence on social media. The focus is more on the so-called risks around social media than the opportunities it presents. Social media has long been associated with a pre-teen to twenty-something pastime. We have all been there - having to dodge the youth walking in the roads, on the pavements and even driving on the road, whilst – unaware of their surroundings - they are so engrossed in their cell phones tweeting about their “exciting surroundings”. How ironic. Read more exclusive articles on cfo.co.za - Editorial: preparing for disruption & PPC CFO Ramano stays put Register for CFO Event Get Smart in Cape Town Discuss your agenda for 2015 Thursday February 19th at the Cape Town Club 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nishant Saxena CFO Cipla Medpro Hear from the CFO of one of the country’s leading pharmaceutical companies, Cipla Medpro. He will discuss the changing role of the CFO, expectations to manage risks, using technology for analytics, and share his experiences at Cipla. Afterwards at the CFO Café you can share and discuss the latest insights with the other attending CFOs. Join this event free of charge and don’t miss out on the first CFO Event of 2015 from 4pm - 8pm and register now: - February 19th at the Cape Town Club, register here. Partners CFO Event Get Smart in 2015: 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. CFO Awards 2015 - Reserve your table now Buy a table for the CFO Awards and meet South Africa's leading CFOs, demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from among others Advtech, Aveng, Barclays, Eskom, EOH, FNB, General Cable, Hollard, Liberty, Nedbank, Nissan, Novartis, Old Mutual, Standard Bank and Transnet. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Don't wait too long, first come, first served. Become a partner or attend with your finance team and RSVP 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 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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 January 2015 We are living in the age of disruption and CFOs have the responsibility to see what’s coming and anticipate the new business world order. During our Get Smart in 2015 events in Johannesburg (17 February) and Cape Town (19 February) we will chat about the challenges that come with change, but speakers like ‘lifehacker’ Martijn Aslander will also show the CFOs present that the recent digital revolution provides opportunities galore. 27 January 2015 “I have always had the philosophy that honesty, which at first, in some cases, may lead to a negative response, in the long run acts as a motivator,” says Jonathan Maehler, Financial Director at ChemSpec, one of Africa's largest paint and coatings companies. He has been guiding the business through a difficult period over the last three and a half years. “Being a CFO requires toughness in these situations, because you have to bring the truth to the fore. Through an intense focus on growing sales and regaining customers, we have found our way up.” 26 January 2015 In this Expert Insight Fowzia Gamiet, Senior Associate: Financial Recruitment at CA Global Finance deals with the power of social media and calls on Chief Financial Officers to go online and tweet. 23 January 2015 "Turn risk on its head and explore the opportunities offered by signals of change in the marketplace," says Granville Smith, KPMG Partner in charge of the South African KPMG’s Internal Audit Business Division. We spoke to Granville about what makes a good internal auditor and he gave some great tips for CFOs and CAs of 2015. "Stay away from the tick-box approach!" 22 January 2015 CFO South Africa Newsletter | Thursday January 22 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles 5 key insights about CFOs in Africa Doing banking and finance in Africa is not a big shift from doing it in the rest of the world, especially with the significant foreign direct investment being channelled into the continent lately. This includes investment from all the globally recognized accountancy bodies and professional services firms. Following key principles is important for a finance team to ensure it delivers success and is a trusted business partner. CFO of the Week: Dumisani Dlamini, National Arts Council: a sense of higher purpose Improving the quality of governmental accounting is as high on Dumisani Dlamini's agenda as successfully executing his new job as CFO of the National Arts Council of South Africa (NAC). “I am extremely proud of my involvement as chairperson of audit committees in various municipalities. It is great to see those finance departments change for the better.” Lenore Kerrigan, Sales Director OpenText: preparing for the Digital... “As companies prepare for a Digital First World, the CFO will play a key role in providing the financial underpinning of this digital transformation, says Lenore Kerrigan, Sales Director for Sub-Saharan Africa at software company OpenText Corporation. “It is controversial, but in many companies CFOs are still mainly reporting on historic facts and figures. The role of modern CFOs, however, is forward looking and includes a very strong focus on understanding risk and financial growth. Read more exclusive articles on cfo.co.za - Editorial: outgoing ArcelorMittal CFO's SA optimism, boost for Wool... Register for CFO Event Get Smart in Cape Town Discuss your agenda for 2015 Thursday February 19th at the Cape Town Club 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nishant Saxena CFO Cipla Medpro Hear from the CFO of one of the country’s leading pharmaceutical companies, Cipla Medpro. He will discuss the changing role of the CFO, expectations to manage risks, using technology for analytics, and share his experiences at Cipla. Afterwards at the CFO Café you can share and discuss the latest insights with the other attending CFOs. Join this event free of charge and don’t miss out on the first CFO Event of 2015 from 4pm - 8pm and register now: - February 19th at the Cape Town Club, register here. Partners CFO Event Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 21 January 2015 “More than in the past you have to pick your battles and prioritize.” I had to think of these wise words of Matthias Wellhausen, when I heard the ArcelorMittal CFO is leaving the country to join Swiss firm Schmolz + Bickenback, a global market leader in special steel, as CFO. Last year we spoke to Wellhausen and CFOs and finance professionals would be well-advised to reread the interview with the German. 20 January 2015 Improving the quality of governmental accounting is as high on Dumisani Dlamini's agenda as successfully executing his new job as CFO of the National Arts Council of South Africa (NAC). “I am extremely proud of my involvement as chairperson of audit committees in various municipalities. It is great to see those finance departments change for the better.” 19 January 2015 KPMG’s 2014 Africa CFO Survey is based on the international survey Being the best: Inside the intelligent finance function. It collates and interprets responses from 264 CFOs of medium-to-large companies with a quarter of them working for companies with revenue over $1 billion. Here are 5 key insights about African CFOs from that survey. 16 January 2015 “As companies prepare for a Digital First World, the CFO will play a key role in providing the financial underpinning of this digital transformation, says Lenore Kerrigan, Sales Director for Sub-Saharan Africa at software company OpenText Corporation. “It is controversial, but in many companies CFOs are still mainly reporting on historic facts and figures. The role of modern CFOs, however, is forward looking and includes a very strong focus on understanding risk and financial growth. Our Enterprise Content Management (ECM) and Enterprise Information Management (EIM) systems can help them accomplish this.” 15 January 2015 CFO South Africa Newsletter | Thursday January 15 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Greg Davis, CFO Africa Standard Bank: 4 principles for doing busine... Doing banking and finance in Africa is not a big shift from doing it in the rest of the world, especially with the significant foreign direct investment being channelled into the continent lately. This includes investment from all the globally recognized accountancy bodies and professional services firms. Following key principles is important for a finance team to ensure it delivers success and is a trusted business partner. CFO of the Week: Linda Kumbemba, loveLife: being the NGO’s ‘bad guy’ “If you’re a quick-solutions type person, you tend to look like the bad guy at a non-profit organisation,” says Linda Kumbemba, CFO at loveLife, South Africa's largest HIV prevention initiative for young people. “The environment is slower-paced compared to the corporates, but you have to move and keep agile. It is also great to be part of a successful behavioral change campaign even though its results can’t be measured in the way a CFO would usually want results to be measured.” 5 questions with... lifehacker & CFO SA Keynote speaker Martijn... During our 2015 events, CFO South Africa will occasionally invite inspiring international speakers to deliver provoking Keynote speeches. In his own words, ‘lifehacker’ Martijn Aslander from The Netherlands will be aiming to “confuse people, make them think and make them laugh” during our next events in Johannesburg (17 February) and Cape Town (19 February). Read more exclusive articles on cfo.co.za - Get smart… join our February events and ask the JSE boss a question Register for CFO Events Get Smart in Johannesburg & Cape Town Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nicky Newton King, CEO of the JSE She will discuss the comprehensive overview of the world today, as well as look forward on how she expects global trends, regional key challenges as education & skills development, African leadership will develop in the coming year as well as emerging issues that should be on the agendas of every CFO for 2015. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now: - February 17th at the JSE, register here. - February 19th at the Cape Town Club, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 14 January 2015 Always wanted to ask Nicky Newton-King, CEO of the JSE, a question? In search of a unique, inspirational chat by an international 'lifehacker'? Keen to brush up on the latest technological innovations and inventions that CFOs should know about? 13 January 2015 “If you’re a quick-solutions type person, you tend to look like the bad guy at a non-profit organisation,” says Linda Kumbemba, CFO at loveLife, South Africa's largest HIV prevention initiative for young people. “The environment is slower-paced compared to the corporates, but you have to move and keep agile. It is also great to be part of a successful behavioral change campaign even though its results can’t be measured in the way a CFO would usually want results to be measured.” 12 January 2015 This week's Expert Insight comes from Greg Davis, CFO Africa at the Standard Bank Group and one of the nominees for this year's CFO Awards. He shares some key principles for doing business in Africa and elaborates on one of them. 09 January 2015 During our 2015 events, CFO South Africa will occasionally invite inspiring international speakers to deliver provoking Keynote speeches. In his own words, ‘lifehacker’ Martijn Aslander from The Netherlands will be aiming to “confuse people, make them think and make them laugh” during our next events in Johannesburg (17 February) and Cape Town (19 February). 08 January 2015 CFO South Africa Newsletter | Thursday January 8 Dear CFO South Africa Member, We hope you had a great festive season and wish you a fantastic 2015. Read Exclusive CFO South Africa Articles CFO of the Week: Brooks Mparutsa, Hollard: success requires vision “At the age of 16 I made the decision to become a CA and a business leader,” says Brooks Mparutsa, the eloquent Group Chief Financial Officer of Hollard Insurance. His impressive career in the public and private sector has taken him all over the world. “I am following the path I set out for myself. What many people lack is a vision for their lives and careers. I benefited a lot from staying at my audit firm for a number of years and spending years in the public sector – it is a path I definitely recommend.” CFOs of Woolworths, Denel and UIF among nominees for CFO Awards 2015 More and more nominees for the CFO Awards 2015 are revealed. Supermarkets and retailers are well represented with Mark Godfrey (Group Financial Director at SPAR), Reeza Isaacs (Group Finance Director at Woolworths and Mr Price Group's CFO Mark Blair already among the nominees. Ronel van Dijk, CFO at Spur Group, has also been short-listed. Editorial: 2014 in numbers - which company's shares are worth 40 percent more? Today is the 8th day of the New Year. From tomorrow onwards we should be looking forward only! Earlier, I already wrote that South African CFOs and FDs have never been in a stronger position to share knowledge, meet peers, learn from partners and network. And 2015 is going to be even bigger and better! Read more exclusive articles on cfo.co.za - Editorial: 2015 a bumper year for CFOs Keynote Nicky Newton-King CEO JSE Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nicky Newton King, CEO of the JSE She will discuss the comprehensive overview of the world today, as well as look forward on how she expects global trends, regional key challenges as education & skills development, African leadership will develop in the coming year as well as emerging issues that should be on the agendas of every CFO for 2015. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now: - February 17th at the JSE, register here. - February 19th at the Cape Town Club, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 07 January 2015 Today is the 7th day of the New Year. From tomorrow onwards we should be looking forward only! Earlier, I already wrote that South African CFOs and FDs have never been in a stronger position to share knowledge, meet peers, learn from partners and network. And 2015 is going to be even bigger and better! 06 January 2015 “At the age of 16 I made the decision to become a CA and a business leader,” says Brooks Mparutsa, the eloquent Group Chief Financial Officer of Hollard Insurance. His impressive career in the public and private sector has taken him all over the world. “I am following the path I set out for myself. What many people lack is a vision for their lives and careers. I benefited a lot from staying at my audit firm for a number of years and spending years in the public sector – it is a path I definitely recommend.” 05 January 2015 South African CFOs and FDs have never been in a stronger position to share knowledge, meet peers, learn from partners and network. And here’s the good news: 2015 is going to be even bigger and better! 30 December 2014 As 2014 draws to an end, more and more nominees for the CFO Awards 2015 are revealed. Supermarkets and retailers are well represented with Mark Godfrey (Group Financial Director at SPAR), Reeza Isaacs (Group Finance Director at Woolworths) and Mr Price Group's CFO Mark Blair already among the nominees. Ronel van Dijk, CFO at Spur Group, has also been short-listed. We recently spoke to Van Dijk about Spur's expansion plans and her role in the continuous growth of the business. 18 December 2014 CFO South Africa Newsletter | Thursday December 18 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Minister Meyer endorses CFO South Africa’s public chapter “The public chapter of CFO South Africa is a great institution.” Those were the words of Dr Ivan Meyer, minister for finance in the Western Cape, when we spoke to him in the margins of the Risk, Compliance & Control Forum at the Cape Town Club last month. CFO Awards 2015 judged by impressive group of industry leaders One of the biggest success factors of the inaugural CFO Awards in May this year was the impressive panel of judges that was willing to interview and adjudicate each and every candidate for the various award categories. Not only CFO of the Year winner Simon Ridley (Standard Bank), but virtually all the other award nominees remarked what an honour it was to be judged by such an impressive group of industry leaders. Expert Insight: Explorer Martijn Aslander: we are living in a new renaissance In his latest book, Nooit Af, (Never Finished) which, as was the case with Easycratie (Easycracy) he wrote in tandem with Erwin Witteveen, Martijn Aslander is advocating a state of permanent beta. His argumentation follows from the way in which he interprets current trends in the network- and information society and topics such as self-direction and Quantified Self. ‘We’re living in a different world. The tools you need are available to anyone, even to young kids in Pakistan. You don’t need an expensive office to make a difference.’ Read more exclusive articles on cfo.co.za - Editorial: KPMG provides CFOs for JSE firms, Madonsela finds "improper conduct" Keynote Nicky Newton-King CEO JSE Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nicky Newton King, CEO of the JSE She will discuss the comprehensive overview of the world today, as well as look forward on how she expects global trends, regional key challenges as education & skills development, African leadership will develop in the coming year as well as emerging issues that should be on the agendas of every CFO for 2015. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now: - February 17th at the JSE, register here. - February 19th at the Cape Town Club, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 17 December 2014 Here at CFO South Africa we of course think that Chief Financial Officers have the best jobs in the world. At KPMG they are clearly thinking the same! Not only has the professional services firm signed up as our principal sponsor for 2015, this week another KPMG bigwig chose a career as CFO himself. 16 December 2014 One of the biggest success factors of the inaugural CFO Awards in May this year was the impressive panel of judges that was willing to interview and adjudicate each and every candidate for the various award categories. Not only CFO of the Year winner Simon Ridley (Standard Bank), but virtually all the other award nominees remarked what an honour it was to be judged by such an impressive group of industry leaders. 15 December 2014 “The public chapter of CFO South Africa is a great institution.” Those were the words of Dr Ivan Meyer, minister for finance in the Western Cape, when we spoke to him in the margins of the Risk, Compliance & Control Forum at the Cape Town Club last month. “With the current international financial climate we need financial resilience and this CFO forum confirmed to me that the CFOs we have, both in the public sector and in the private sector, have a lot of resilience to build the strong institutions that are necessary for a constitutional democracy.” 12 December 2014 Martijn will be the Keynote Speaker at the CFO South Africa Events February 17th in Johannesburg, February 19th Cape Town, the CFO Awards 2015 and the Fintech Africa Event July 28th and 20 October in Stellenbosch. 11 December 2014 CFO South Africa Newsletter | Thursday December 11 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Take a selfie: what’s lacking on the CV of the CFO? Why are CVs of many CFOs ill-prepared, full of mistakes and lacking relevant information? In this Expert Insight Fowzia Gamiet, Senior Associate: Financial Recruitment at CA Global Finance answers this question and tells Chief Financial Officers how it’s done. CFO of the Week: Shabeer Khan (DTI): CAs should consider the government While Shabeer Khan, Chief Financial Officer of the dti, admits to dreaming of becoming an astronaut, a Formula One racing driver and even a fireman as a young boy, he would now like to encourage young Chartered Accountants (CA’s) to take the route that he has taken. At the age of 34 he confesses to having considered other career prospects but working for Government was a conscious decision for him and he assures us that nothing compares with the daily fulfillment he gets from his current role. Master Class Kerry Jenkins, Head Regulatory and Compliance KPMG: "G... Good governance is good for business, was the underlying message of the Master Class hosted by Dr Kerry Jenkins, head of the Regulatory and Compliance unit at KPMG, at the CFO South Africa Event Risk, Compliance & Control Forum at the Cape Town Club last week. Dr Jenkins said given the plethora of laws, regulations and a number of pending changes , it was easy for a CFO to feel overwhelmed by what that they were now expected to know. Read more exclusive articles on cfo.co.za - Editorial: Sony CFO Kenichiro Yoshida as role model & common CV mistakes Keynote Nicky Newton-King CEO JSE Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by Nicky Newton King, CEO of the JSE She will discuss the comprehensive overview of the world today, as well as look forward on how she expects global trends, regional key challenges as education & skills development, African leadership will develop in the coming year as well as emerging issues that should be on the agendas of every CFO for 2015. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now: - February 17th at the JSE, register here. - February 19th at the Cape Town Club, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 10 December 2014 If modern CFOs ever needed a role model, Kenichiro Yoshida could be their man. Described as “blunt”, Sony’s new Chief Financial Officer has bowled over influential publications like Wall Street Journal and Financial Times and restored faith in the flailing Japanese business giant by asking the right questions, cutting the dead wood and setting achievable targets. 09 December 2014 While Shabeer Khan, Chief Financial Officer of the dti, admits to dreaming of becoming an astronaut, a Formula One racing driver and even a fireman as a young boy, he would now like to encourage young Chartered Accountants (CAs) to take the route that he has taken. At the age of 34 he confesses to having considered other career prospects but working for Government was a conscious decision for him and he assures us that nothing compares with the daily fulfillment he gets from his current role. The perception is that working for government can be a risky career choice but Khan says that working for the government provides an opportunity where you can enhance your skills and make a real contribution to your country. Khan currently leads a team of 90 people and was the only CA within the dti when he joined in 2013. 08 December 2014 Why are CVs of many CFOs ill-prepared, full of mistakes and lacking relevant information? In this Expert Insight Fowzia Gamiet, Senior Associate: Financial Recruitment at CA Global Finance answers this question and tells Chief Financial Officers how it’s done. 05 December 2014 Good governance is good for business, was the underlying message of the Master Class hosted by Dr Kerry Jenkins, head of the Regulatory and Compliance unit at KPMG, at the CFO South Africa Event Risk, Compliance & Control Forum at the Cape Town Club last week. 04 December 2014 CFO South Africa Newsletter | Thursday December 4 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFOs in the winelands - Platinum Member and VIP Tour “It’s very interesting that when you look at some of the international benchmarks, South Africa is ranked tenth in the world when it comes to protecting investors from directors. That’s a CFO’s responsibility,” said Wesgro CEO Nils Flaatten. Flaatten said this showed SA’s CFOs were serious about their jobs and that there was a regulatory framework to support them. CFO of the Week: Austin McDonald (Promasidor): choose the consumer over the product When Austin McDonald became a Chartered Accountant, he was already “the world’s worst engineer”. Although he is a self-professed “maverick” the Finance world has clearly suited him much better than engineering did, especially after he joined the family’s business: Promasidor. Now his CV boasts a successful rescue operation, a handsome R9 billion annual turnover and unequalled insight into African opportunities. “When looking at African countries, be consumer driven and not product driven,” he advises. Editorial: The power of a CFO, Moving into Africa & what to think of brain... Yesterday I had the privilege of chatting to Casper Troskie, the experienced CFO of Liberty Holdings. He re-affirmed what CFOs have started telling me over the last year or so: communication skills are a crucial asset for a Chief Financial Officer or Finance Director these days. Whether talking to investors, customers, unions, analysts or the general public, a simple, transparent, unison message from the board – and all other employees of a company– is very important. These days, particular attention is being paid when a CFO opens his or her mouth. A CFO that can communicate clearly and confidently is therefore in an extremely powerful position. Read more exclusive articles on cfo.co.za - Expert insight: Stanford Payne: Does a CFO on ‘sabbatical’ actually have burnout? Join CFO Events Get Smart in 2015 in JHB & CT Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by professional lifehacker Martijn Aslander Our new network society demands that we work faster and more efficient in a world where competing is done with knowledge. Martijn offers tools to do this, such as lifehacking and how to utilise a great network. Lifehacking: tracing information, organizing, filtering and sharing it in a way where you keep track of it all. Martijn is a Dutch national and a very experienced speaker at several Forums as CFO Day the Netherlands and the Public Finance Conference. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now: - February 17th at the JSE, register here. - February 19th at the Cape Town Club, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 03 December 2014 Yesterday I had the privilege of chatting to Casper Troskie, the experienced CFO of Liberty Holdings. He re-affirmed what CFOs have started telling me over the last year or so: communication skills are a crucial asset for a Chief Financial Officer or Finance Director these days. Whether talking to investors, customers, unions, analysts or the general public, a simple, transparent, unison message from the board – and all other employees of a company– is very important. These days, particular attention is being paid when a CFO opens his or her mouth. A CFO that can communicate clearly and confidently is therefore in an extremely powerful position. 02 December 2014 When Austin McDonald became a Chartered Accountant, he was already “the world’s worst engineer”. Although he is a self-professed “maverick” the Finance world has clearly suited him much better than engineering did, especially after he joined the family’s business: Promasidor. Now his CV boasts a successful rescue operation, a handsome R9 billion annual turnover and unequalled insight into African opportunities. “When looking at African countries, be consumer driven and not product driven,” he advises. 01 December 2014 An Expert Insight by Executive Coach Stanford Payne. 28 November 2014 A tour of the cape winelands offers CFOs a chance to connect 27 November 2014 CFO South Africa Newsletter | Thursday November 27 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFO South Africa launches public finance chapter Heeding a call many Chief Financial Officers in the public sector have made over the last year or so, CFO South Africa has established a separate chapter for public CFOs. The Public Finance Chapter will give CFOs of departments, municipalities and other governmental bodies the opportunity to share knowledge, discuss challenges, network and listen to solutions that partner organisations have to offer. CFO of the Week: Talelani Enos Ramaru (Cosatu): learning from other CFOs is very val... “A platform like CFO South Africa is very useful,” says Talelani Enos Ramaru, Chief Financial Officer at The Congress of South African Trade Unions (COSATU). “There is a lot of innovation happening and as a CFO you have to know about it,” says Ramaru, who is proud of the work he has done to bring stability to the trade union federation’s finance team. The CFO’s approach to analysing an M&A transaction An Expert Insight by Johann de Lange, founder of M&A advisory firm Pollination Capital* M&A transactions are game changers for companies. They are usually large transactions when compared to other capital investments and tie up substantial resources and focus. They are normally also closely tied to the strategic direction of a company. The many unknowns represent an increased risk environment for the acquirer. Read more exclusive articles on cfo.co.za - Editorial: Twitter CFO blunders, public South African CFOs unite Join CFO Events Get Smart in 2015 in JHB & CT Discuss your agenda for 2015 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. During the first CFO Events of 2015 we will discuss the new economy, value creation, complementary economics, networking, ideas to make te world a better place and we share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. Keynote by professional lifehacker Martijn Aslander Our new network society demands that we work faster and more efficient in a world where competing is done with knowledge. Martijn offers tools to do this, such as lifehacking and how to utilise a great network. Lifehacking: tracing information, organizing, filtering and sharing it in a way where you keep track of it all. Martijn is a Dutch national and a very experienced speaker at several Forums as CFO Day the Netherlands and the Public Finance Conference. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now. - February 17th in Johannesburg, register here. - February 19th in Cape Town, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 26 November 2014 A stark reminder that ‘living the brand’ is not only important for CEOs and marketing gurus came this week when Twitter CFO Anthony Noto accidentally tweeted sensitive information about a pending acquisition. If the CFO doesn't know how to use his own product, how should the rest of the world? It is an important lesson for CFOs in South Africa and around the globe: know your own business! A public mistake, like the Twitter gaffe, can have a major impact on your bottom line. 25 November 2014 “A platform like CFO South Africa is very useful,” says Talelani Enos Ramaru, Chief Financial Officer at The Congress of South African Trade Unions (COSATU). “There is a lot of innovation happening and as a CFO you have to know about it,” says Ramaru, who is proud of the work he has done to bring stability to the trade union federation’s finance team. 24 November 2014 An Expert Insight by Johann de Lange, founder of M&A advisory firm Pollination Capital* 21 November 2014 Heeding a call many Chief Financial Officers in the public sector have made over the last year or so, CFO South Africa has established a separate chapter for public CFOs. The Public Finance Chapter will give CFOs of departments, municipalities and other governmental bodies the opportunity to share knowledge, discuss challenges, network and listen to solutions that partner organisations have to offer. 20 November 2014 CFO South Africa Newsletter | Thursday November 20 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Judges revealed for CFO Awards, governance improving in Africa The biggest CFO news this week was the fact that several members of the panel of judges for this year’s CFO Awards have committed themselves to adjudicate the 2015 CFO Awards as well. CFO of the Week: Clint Capitano, Cunningham Lindsey: take decisions and move on Decisiveness is one of the most important characteristics of a good CFO, says Clint Capitano, Chief Financial Officer at loss adjusting firm Cunningham Lindsey. “People procrastinate and take a long time to take decisions; being decisive is one of my strongest points. I do research, get the information I need, take a decision and move on. I get things done and live with the consequences of my decisions.” Minister Ivan Meyer gives CFOs insights in the public & private... “I was so happy to be here today because it has given me the confidence that we have capable financial skills here in South Africa,” said Dr Ivan Meyer, minister for finance in the Western Cape after attending the CFO South Africa event Risk, Compliance & Control Forum at the Cape Town Club on Thursday night. “This CFO forum confirmed to me that the CFOs in the public and private sectors are very capable.” Read more exclusive articles on cfo.co.za - Opinion: Veli Mcobothi - Do CA exam changes benefit rich students? Join CFO Events Get Smart in 2015 in JHB & CT Discuss the implications of the Budget Speech 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. During the first CFO Events of 2015 we will discuss the implications of Finance Minister Nhlanhla Nene Budget Speech and share smart ideas to improve your business. We offer a great opportunity to learn from your peers and get new ideas. We talk about important issues like tax & policy change implications, SME enterprise reforms and insurance issues. Who wants to share a story or an experience that others can profit from? Don’t miss out on this CFO Event and register now. It might be the smartest thing you did in 2015. Join this event free of charge with and don’t miss out on the first CFO Events of 2015 from 4pm - 8pm and register now. - February 17th in Johannesburg, register here. - February 19th in Cape Town, register here. Partners CFO Events Get Smart in 2015: 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, SAB, Nike, 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 2015 Feb 17 Johannesburg | Get Smart in 2015 Feb 19 Cape Town | Get Smart in 2015 Mar 19 Johannesburg | Moving into Africa Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 19 November 2014 I am a little bit biased, but for me the biggest CFO news this week was the fact that several members of the panel of judges for this year’s CFO Awards have committed themselves to adjudicate the 2015 CFO Awards as well. As of today, we have been able to confirm the involvement of top CEOs Asher Bohbot (EOH), Victor Sekese (SizweNtsalubaGobodo), Jonathan Lang (Bowman Gilfillan Africa), Delphine Maïdou (Allianz GCS Africa), Claudelle von Eck (The Institute of Internal Auditors South Africa) and Rob Otty (Norton Rose Fulbright South Africa). Prof. Ben Marx (University of Johannesburg) is also on the team again. 18 November 2014 Decisiveness is one of the most important characteristics of a good CFO, says Clint Capitano, Chief Financial Officer at loss adjusting firm Cunningham Lindsey. “People procrastinate and take a long time to take decisions; being decisive is one of my strongest points. I do research, get the information I need, take a decision and move on. I get things done and live with the consequences of my decisions.” 17 November 2014 Last week UCT Professor Alex Watson gave her view on the upcoming CA examination changes. This week Veli Mcobothi*, a CA (SA) and director at investment and advisory business Cinga Holdings, adds his voice to the debate. He wonders whether the changes mainly benefit wealthier students and feels the exams need a greater emphasis on leadership and ‘financial history’. 14 November 2014 “I was so happy to be here today because it has given me the confidence that we have capable financial skills here in South Africa,” said Dr Ivan Meyer, minister for finance in the Western Cape after attending the CFO South Africa event Risk, Compliance & Control Forum at the Cape Town Club on Thursday night. “This CFO forum confirmed to me that the CFOs in the public and private sectors are very capable.” 13 November 2014 CFO South Africa Newsletter | Thursday November 13 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CA examination changes – good news or bad news? Close to three quarters of CFOs of listed South African companies are South African Chartered Accountants (SAICA research published October 2014). November 2014 sees a major shift in the focus and form of the final assessment written to qualify as a chartered accountant. Is this good news or bad news for current and future CFOs and the staff that they employ? CFO of the Week: Vuyo Mafata (UIF): investing billions for the unemployed “What makes me get out of bed in the morning is the contribution that I think I can make to the plight of the unemployed in South Africa,” says Vuyo Mafata, CFO at the Unemployment Insurance Fund (UIF). In this interview Mafata talks about the challenges of being a CFO in a governmental organisation and the exciting responsibility he has of managing an investment portfolio of more than R100 billion. KPMG throws its weight behind CFO South Africa Professional services firm KPMG will be the principal sponsor for the next year of CFO South Africa, the dedicated networking and knowledge sharing platform for CFOs and Financial Directors. In addition to sponsoring six events, KPMG will be also be the main partner for the 2015 CFO Awards, a prestigious gala event that recognises leaders in South Africa’s finance world. Read more exclusive articles on cfo.co.za - Editorial: CFOs with benefits? Today: last CFO Event of 2014 Minister Ivan Meyer & CFO SARS at the Cape Town Club Today CFO South Africa will host the last CFO Event of 2014 on Risk, Compliance & Control together with 75 other CFOs. How do you take the lead in letting your company achieve its goals in a way that is open, honest, ethical and principled. How can you contribute to build and implement systems designed to detect and prevent compliance breaches and how do you lead the development of a strong compliance culture. CFOs should consider embedding a thoughtful awareness of risk and compliance in their organization. Listen to best practices to help the company stay in control of the risks it chooses to take. Is your agenda free this afternoon? Join this event free of charge with a Master Class, exclusive Round Tables and a list of very interesting speakers and attendees: 16.45 Keynote by Ivan Meyer, Minister of Finance, Western Cape 17.15: - Round Table Public Finance - Round Table Economic Development South Africa - Master Class Risk, Compliance & Control 18.45 Start of CFO Café 19.15 Keynote by Bob Head, Acting Chief Financial Officer, SARS Don’t miss out on this last CFO Event of 2014 from 4pm - 8pm and register now. Discuss with your peers issues on Risk, Compliance & Control. Partners CFO Event Risk, Compliance & Control: 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, SAB, Nike, 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 2015 Feb 19 Johannesburg | Moving into Africa Mar 19 Johannesburg | Get Smart in 2015 Apr 16 Johannesburg | Capital & Finance May 14 Johannesburg | CFO Awards 2015 July 30 Johannesburg | Corporate Growth Sept 17 Johannesburg | Digital Transformation Nov 19 Cape Town | Risk, Compliance & Control 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 12 November 2014 Only a few days after professional services firm KPMG announced a ground-breaking partnership with CFO South Africa, one of the architects of that collaboration got a new job – as a CFO! From 1 February 2015 KPMG Africa COO Anthony Thunström will replace the retiring Ronnie Stein as CFO of JSE-listed clothing retailer, Foschini. We wish Anthony all the best and hope to meet him again at our events, this time with his CFO hat on. 11 November 2014 “What makes me get out of bed in the morning is the contribution that I think I can make to the plight of the unemployed in South Africa,” says Vuyo Mafata, CFO at the Unemployment Insurance Fund (UIF). In this interview Mafata talks about the challenges of being a CFO in a governmental organisation and the exciting responsibility he has of managing an investment portfolio of more than R100 billion. 10 November 2014 An Expert Insight by Alex Watson – Richard Sonnenberg Professor of Accounting, College of Accounting, University of Cape Town* 07 November 2014 Professional services firm KPMG will be the principal sponsor for the next year of CFO South Africa, the dedicated networking and knowledge sharing platform for CFOs and Financial Directors. In addition to sponsoring six events, KPMG will be also be the main partner for the 2015 CFO Awards, a prestigious gala event that recognises leaders in South Africa’s finance world. 03 November 2014 Last week on the plane from Accra to Amsterdam, the lady next to me asked me: “Do you work for a NGO or for the government?” “Neither, I represent a private company and I just visited our branch office in Ghana”, I replied. This question from my fellow traveler illustrates the out-of-date image that many people still have of Africa: Africa as the continent where aid dominates the economy and all countries are the same. 31 October 2014 “We have grown tremendously in Africa over the last five years,” says Badibanga Promesse, Strategic Account Director- Global Corporate Relations at the Chartered Institute of Management Accountants (CIMA). With evident energy, he tells us about the upcoming shift to online-only exams and the continuous drive to keep the syllabus and short courses relevant. “For CFOs this is crucial, because CIMA is the only accounting qualification that has really embedded strategy in its syllabus for many years.” 30 October 2014 CFO South Africa Newsletter | Thursday October 30 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFO of the Week: Andre van der Westhuizen, Keeley Granite: use BEE to look criticall... “BEE can be an opportunity instead of a problem,” says Andre van der Westhuizen, CFO at Keeley Granite, a mining services company based in the platinum belt near the North West town of Brits. In this interview the Chartered Accountant tells a remarkable story about fighting off multiple health scares, innovative ways of dealing with B-BBEE and some thoughts on how to become a better CFO. “I love getting things working and I hate wasting time. I call myself the eternal student.” Expert Insight: Jonathan le Roux: Is Fraud in your rearview mirror? An Expert Insight by Jonathan Yudelowitz, Joint Managing Director of YSA (Pty) Limited, Author of Smart Leadership and a well-known Leadership Expert and Executive Coach. “It takes more than intelligence for an intelligent person to behave intelligently,” Dostoevsky astutely observed. What this means for a Chief Financial Officer (CFO) or Financial Director (FD) is that to be effective, he or she must develop self-awareness and become fully comfortable with the non-rational in himself or herself, others and the world. Stanford Payne: how to become a happier CFO CFOs should remember the lessons about opportunity cost and plan better to have the careers and lives they want. That is the message of Executive Coach Stanford Payne, a CA who will be writing Expert Insights for this website over the course of the next year. To kick things off, we have interviewed him about his background and principles. Read more exclusive articles on cfo.co.za - Editorial: Listen to the rating agencies (for a change?) Join the last CFO Event of 2014 November 13 at the beautifully restored Cape Town Club CFO South Africa invites you to join the last CFO Event of 2014 on Risk, Compliance & Control together with 75 other CFOs. How do you take the lead in letting your company achieve its goals in a way that is open, honest, ethical and principled. How can you contribute to build and implement systems designed to detect and prevent compliance breaches and how do you lead the development of a strong compliance culture. CFOs should consider embedding a thoughtful awareness of risk and compliance in their organization. Listen to best practices to help the company stay in control of the risks it chooses to take. Join this event free of charge with a Master Class, exclusive Round Tables and a list of very interesting speakers and attendees: 16.45 Keynote by Ivan Meyer, Minister of Finance, Western Cape 17.15: - Round Table Public Finance - Round Table Economic Development South Africa - Master Class Risk, Compliance & Control 18.45 Start of CFO Café 19.15 Keynote by Bob Head, Acting Chief Financial Officer, SARS Don’t miss out on this last CFO Event of 2014 from 4pm - 8pm and register now. Discuss with your peers issues on Risk, Compliance & Control. Partners CFO Event Risk, Compliance & Control: 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, SAB, Nike, 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. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 15.000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interview with Nedbank's CEO Mike Brown. Covered topics: - 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? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] 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 2014 Nov 13 Cape Town | Risk, Compliance & Control CFO South Africa Events in 2015 Feb 19 Cape Town | Moving into Africa Mar 19 Sandton | Get Smart in 2015 Apr 16 Sandton | Capital & Finance May 14 Sandton | CFO Awards 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 working in companies with revenues exceeding 100 million rand. 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 29 October 2014 Most CFOs have a healthy antipathy towards rating agencies, but sometimes we have to acknowledge they play an important role. I recently spoke to Eskom CFO Tsholofelo Molefe, who indicated that it is not necessarily a bad thing that the agencies scrutinize the power utility, as it keeps the management focused on establishing “a long term price-path for sustainability of the electricity industry”. You can read the insightful interview with Molefe here. 27 October 2014 5 myths among CFOs about fraud– and their reality checks 24 October 2014 CFOs should remember the lessons about opportunity cost and plan better to have the careers and lives they want. That is the message of Executive Coach Stanford Payne, a CA who will be writing Expert Insights for this website over the course of the next year. To kick things off, we have interviewed him about his background and principles. 23 October 2014 CFO South Africa Newsletter | Thursday October 23 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFO of the Week: Tudor Hungwe, SAMSA: Partnering the CEO makes the ... When Tudor Hungwe joined the South African Maritime Safety Authority (SAMSA) more than five years ago, it was a matter of “getting the accounting right and putting controls in place”. With time though, his role has shifted. “The priorities in my day-to-day job have changed. I find myself working more and more as a partner to the executive team. It is challenging, but it makes the creative juices flow and it is much more fun.” Expert Insight: Saying NO to the CEO! An Expert Insight by Jonathan Yudelowitz, Joint Managing Director of YSA (Pty) Limited, Author of Smart Leadership and a well-known Leadership Expert and Executive Coach. “It takes more than intelligence for an intelligent person to behave intelligently,” Dostoevsky astutely observed. What this means for a Chief Financial Officer (CFO) or Financial Director (FD) is that to be effective, he or she must develop self-awareness and become fully comfortable with the non-rational in himself or herself, others and the world. Anna Puzone, Zetta Solutions: keep information management simple “Our biggest message to CFOs is to strive for simplicity,” says Anna Puzone, head of enterprise performance management at information management company Zetta Business Solutions. The two year old firm is part of IS Partners (established in 2001), which implements Microsoft-centered solutions. “Zetta was born out of the need for a client centric approach to technology solutions. Our approach is advisory in nature, as we seek to offer solutions in a simple, cost effective and impactful manner” Read more exclusive articles on cfo.co.za - Keynote Speaker CFO Event Risk, Compliance & Control: Bob Head, Acting CFO at SARS: improving schools by influencing with... Hear from leading experts: Minister of Finance and CFO of SARS November 13 at the amazing Cape Town Club CFO South Africa invites you to join the last CFO Event of 2014 on Risk, Compliance & Control together with 75 other CFOs. How do you take the lead in letting your company achieve its goals in a way that is open, honest, ethical and principled. How can you contribute to build and implement systems designed to detect and prevent compliance breaches and how do you lead the development of a strong compliance culture. CFOs should consider embedding a thoughtful awareness of risk and compliance in their organization. Listen to best practices to help the company stay in control of the risks it chooses to take. Join this event free of charge with a Master Class, exclusive Round Tables and a list of very interesting speakers and attendees: 16.45 Keynote by Ivan Meyer, Minister of Finance, Western Cape 17.15: - Round Table Public Finance - Round Table Economic Development South Africa - Master Class Risk, Compliance & Control 18.45 Start of CFO Café 19.15 Keynote by Bob Head, Acting Chief Financial Officer, SARS Don’t miss out on this last CFO Event of 2014 from 4pm - 8pm and register now. Discuss with your peers issues on Risk, Compliance & Control. Partners CFO Event Risk, Compliance & Control: 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, SAB, Nike, 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. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 15.000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interview with Nedbank's CEO Mike Brown. Covered topics: - 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? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] 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 2014 Nov 13 Cape Town | Risk, Compliance & Control CFO South Africa Events in 2015 Feb 19 Cape Town | Moving into Africa Mar 19 Sandton | Get Smart in 2015 Apr 16 Sandton | Capital & Finance May 14 Sandton | CFO Awards 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 working in companies with revenues exceeding 100 million rand. 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff Director CFO South Africa | [email protected] 21 October 2014 When Tudor Hungwe joined the South African Maritime Safety Authority (SAMSA) more than five years ago, it was a matter of “getting the accounting right and putting controls in place”. With time though, his role has shifted. “The priorities in my day-to-day job have changed. I find myself working more and more as a partner to the executive team. It is challenging, but it makes the creative juices flow and it is much more fun.” 20 October 2014 An Expert Insight by Jonathan Yudelowitz, Joint Managing Director of YSA (Pty) Limited, Author of Smart Leadership and a well-known Leadership Expert and Executive Coach. 17 October 2014 “Our biggest message to CFOs is to strive for simplicity,” says Anna Puzone, head of enterprise performance management at information management company Zetta Business Solutions. The two year old firm is part of IS Partners (established in 2001), which implements Microsoft-centered solutions. “Zetta was born out of the need for a client centric approach to technology solutions. Our approach is advisory in nature, as we seek to offer solutions in a simple, cost effective and impactful manner” 16 October 2014 CFO South Africa Newsletter | Thursday October 16 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Bob Head, Acting CFO at SARS: improving schools by influencing with... Not being one to mince his words, Bob Head says his strength lies in “startups, turnarounds and sorting out unpleasant heaps”. The current Acting CFO of the South African Revenue Services (SARS) has an impressive CV. In this exclusive interview with CFO South Africa the fast-speaking Brit explains how business leaders can make a difference in South Africa’s “beleaguered” schools. “You learn to use influence without having power and you develop your listening skills.” And when pressed on the matter he says: “Yes, even I learnt to listen better. And any businessman is going to be more successful using influence rather than command and control – you get buy in.” In the News: Travel and IT innovation for Spur’s longtime CFO Ronel van Dijk Last month Spur Group announced that sales across its restaurants have increased by 13.5 percent and that restaurant turnover per annum now exceeds R5.5 billion. In the next year the group wants to open 10 new Spur outlets, 10 Panarottis‚ 7 John Dory’s‚ 8 Captain DoRegos and 6 outlets for The Hussar Grill. We thought that was reason enough to phone longtime CFO Ronel van Dijk and ask her about how her finance team has contributed to this success and the group’s exciting international prospects. Editorial: growth opportunities in a sluggish market The JSE is down, the rand is down and next week Finance Minister Nhlanhla Nene will probably tell us that South Africa’s GDP growth forecast is also down. These are worrisome trends, but they don’t come as a surprise for CFOs, who have seen the writing on the wall for some time now. At the same time, CFOs know it is not impossible to grow a business faster than the economy. Read more exclusive articles on cfo.co.za - Careers: Sasol appoints Nqwababa, Atkinson new CFO Esor Hear from leading experts: Minister of Finance and CFO of SARS November 13 at the amazing Cape Town Club CFO South Africa invites you to join the last CFO Event of 2014 on Risk, Compliance & Control together with 75 other CFOs. How do you take the lead in letting your company achieve its goals in a way that is open, honest, ethical and principled. How can you contribute to build and implement systems designed to detect and prevent compliance breaches and how do you lead the development of a strong compliance culture. CFOs should consider embedding a thoughtful awareness of risk and compliance in their organization. Listen to best practices to help the company stay in control of the risks it chooses to take. Join this event free of charge with a Master Class, exclusive Round Tables and a list of very interesting speakers and attendees: - 16.45 Keynote by Ivan Meyer, Minister of Finance, Western Cape - 17.15: - Round Table Public Finance - Round Table Economic Development South Africa - Master Class Risk, Compliance & Control 18.45 Start of CFO Café 19.15 Keynote by Bob Head, Acting Chief Financial Officer, SARS Don’t miss out on this last CFO Event of 2014 from 4pm - 8pm and register now. Discuss with your peers issues on Risk, Compliance & Control. Partners CFO Event Risk, Compliance & Control: 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, SAB, Nike, 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. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 15.000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interview with Nedbank's CEO Mike Brown. Covered topics: - 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? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] 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 2014 Nov 13 Cape Town | Risk, Compliance & Control CFO South Africa Events in 2015 Feb 19 Cape Town | Moving into Africa Mar 19 Sandton | Get Smart in 2015 Apr 16 Sandton | Capital & Finance May 14 Sandton | CFO Awards 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 working in companies with revenues exceeding 100 million rand. 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 15 October 2014 The JSE is down, the rand is down and next week Finance Minister Nhlanhla Nene will probably tell us that South Africa’s GDP growth forecast is also down. These are worrisome trends, but they don’t come as a surprise for CFOs, who have seen the writing on the wall for some time now. 14 October 2014 13 October 2014 Last month Spur Group announced that sales across its restaurants have increased by 13.5 percent and that restaurant turnover per annum now exceeds R5.5 billion. In the next year the group wants to open 10 new Spur outlets, 10 Panarottis‚ 7 John Dory’s‚ 8 Captain DoRegos and 6 outlets for The Hussar Grill. We thought that was reason enough to phone longtime CFO Ronel van Dijk and ask her about how her finance team has contributed to this success and the group’s exciting international prospects. 10 October 2014 Sasol has appointed Bongani Nqwababa as its new Chief Financial Officer. In an exclusive interview with CFO South Africa (click to read!), Eskom Finance Director Thsolofelo Molefe recently mentioned Nqwababa – one of her predecessors – as one of the people she turns to for support and advice. Nqwababa has also previously served as CFO of Shell Southern Africa and he has previously been chairman of the audit committee of the South African Revenue Service (SARS). 09 October 2014 CFO South Africa Newsletter | Thursday October 9 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles CFO of the Week: Tsholofelo Molefe, CFO at Eskom: success comes thr... Her proudest professional moment was the presentation of Eskom’s Annual Results announcement and the financial sustainability plan to key stakeholders, says Tsholefelo Molefe, Chief Financial Officer (CFO) at the public electricity utility. “Eskom is always in the spotlight and as it took a while to fill in the Finance Director permanently after my predecessor Paul O’Flaherty left, my very first challenge was to make sure that I pull the Finance team together to remain focused so that we could deliver a successful annual report, which continues to receive a string of awards on Excellence in integrated reporting. I am proud that our integrated report tells our story in a way that helps people understand what the company is about.” Andrew Hannington, CEO Grant Thornton: Making a mark after the merger “As an auditor you have the opportunity to get exposure to numerous companies and industries,” says Miles Fisher, partner at audit and advisory firm Mazars. Fisher is a Chartered Accountant (SA) with a real passion for auditing and says he is always ‘lecturing’ young talent not to leapfrog into the business environment too soon. “People often don’t realise the massive learning opportunities the position of auditor offers. Mazars and Berenschot launch consultancy JV African management consultancies beware: a formidable competitor has just launched. Last week saw the official kickoff of Mazars Berenschot South Africa, a Joint Venture between the well-respected audit and accountancy company Mazars and Dutch advisory firm Berenschot, often dubbed the Dutch answer to McKinsey. CFO South Africa visited the launch in the Houghton Golf Club in Johannesburg. Read more exclusive articles on cfo.co.za - Editorial: 12 networking tips for CFOs Interesting Keynotes at CFO Event Risk, Compliance & Control November 13 at the amazing Cape Town Club CFO South Africa invites you to join the last CFO Event of 2014 on Risk, Compliance & Control together with 100 other CFOs. How do you take the lead in letting your company achieve its goals in a way that is open, honest, ethical and principled. How can you contribute to build and implement systems designed to detect and prevent compliance breaches and how do you lead the development of a strong compliance culture. CFOs should consider embedding a thoughtful awareness of risk and compliance in their organization. Listen to best practices to help the company stay in control of the risks it chooses to take. Join this event free of charge with a Master Class, exclusive Round Tables and a list of very interesting speakers and attendees: - 16.45 Keynote by Ivan Meyer, Minister of Finance, Western Cape - 17.15: - Round Table Public Finance - Round Table Economic Development South Africa - Master Class Risk, Compliance & Control 18.45 Start of CFO Café 19.15 Keynote by Bob Head, Acting Chief Financial Officer, SARS Don’t miss out on this last CFO Event of 2014 from 4pm - 8pm and register now. Discuss with your peers issues on Risk, Compliance & Control. Partners CFO Event Risk, Compliance & Control: 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, SAB, Nike, 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. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 15.000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interview with Nedbank's CEO Mike Brown. Covered topics: - 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? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] 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 2014 Nov 13 Cape Town | Risk, Compliance & Control CFO South Africa Events in 2015 Feb 19 Cape Town | Moving into Africa Mar 19 Sandton | Get Smart in 2015 Apr 16 Sandton | Capital & Finance May 14 Sandton | CFO Awards 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 working in companies with revenues exceeding 100 million rand. 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 and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. 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, Melle Eijckelhoff 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" 08 October 2014 In theory it sounds easy: going to conferences, seminars and especially the CFO South Africa events provide finance professionals with a golden opportunity for a bit of personal benchmarking, learning from peers, creating business opportunities, angling for bigger and better jobs and covertly assessing the strategies of competitors. But for a lot of finance professionals – who haven’t necessarily chosen their profession because of their bubbly personality – networking can be scarier than IFRS, more tedious than crunching numbers and just downright hard to do. 07 October 2014 Her proudest professional moment was the presentation of Eskom’s Annual Results announcement and the financial sustainability plan to key stakeholders, says Tsholefelo Molefe, Chief Financial Officer (CFO) at the public electricity utility. “Eskom is always in the spotlight and as it took a while to fill in the Finance Director permanently after my predecessor Paul O’Flaherty left, my very first challenge was to make sure that I pull the Finance team together to remain focused so that we could deliver a successful annual report, which continues to receive a string of awards on Excellence in integrated reporting. I am proud that our integrated report tells our story in a way that helps people understand what the company is about.”Newsletter: 6 tips to get to grips with IFRS 15 | Great insight into African tax by KPMG's top experts | Reporting on health should be compulsory
Editorial: South African CFOs should drop the arrogance in 'Africa'
Brett Tromp, Discovery Health: reporting on health should be compulsory
Prof. Watson: 6 tips to get to grips with IFRS 15 (Revenue)
CFO Profile: Kevin Johnson | Howden Africa
Great insight into African tax by KPMG's top experts
Newsletter: 4 principles for Africa - influencing | Tax strategies in the spotlight | Great energy at launch FinTech Africa community
Great energy at launch of FinTech Africa community
CFOs of Gold Fields, Howden, Spar and Morvest interviewed by award judges
Extra Newsletter: Learn how to successfully move into Africa | Meet Greg Davis Standard Bank - Sean Bennett UBS - Colin Coleman Goldman Sachs - 5 foremost Tax specialists KPMG
Greg Davis, Standard Bank: 4 principles for Africa - influencing
CFO Profile: John King | EOH Holdings Ltd
Nominee CFO Awards 2015, Cobus Grove, CFO Digicore
Nominee CFO Awards 2015, Lawrence Weitzmann, CFO Business Conexxion
Nominee CFO Awards 2015, Robbie Taylor, CFO Ascendis Health
CFO Profile: Suren Singh | Morvest Group
Nominee CFO Awards 2015, Brett Tromp, CFO Discovery Health
Nominee CFO Awards 2015, Casper Troskie, CFO Liberty
Nominee CFO Awards 2015, Anoj Singh, CFO Transnet
CFO Profile: Paul Schmidt | Gold Fields
Nominee CFO Awards 2015, Megan Pydigadu, CFO MiX Telematics
Nominee CFO Awards 2015, Greg Davis, CFO Standard Bank
Tax strategies in the spotlight at Moving into Africa event - register now!
Newsletter: Exclusive FirstRand's retiring CEO Sizwe Nxasana on CFOs | 7 tips: CFOs who struggle to delegate | Learn how to successfully move into Africa
CFOs of Barclays Africa, Discovery Health, Transnet and Santova interviewed for awards
Exclusive: FirstRand's retiring CEO Sizwe Nxasana on CFOs, SAICA, BEE and the economy
7 tips for CFOs who struggle to delegate
Panel of judges for CFO Awards 2015 meet at JSE Limited
Editorial: CFOs should not hide behind the communications department
Casper Troskie, Liberty: communication is key for modern CFO
Dumisani Dlamini: public CFOs should involve line managers
The CFO and technology: how lombard tyres stays on the high road with 4most
Newsletter: CFOs warned for weapons of mass disruption | Great CFOs take risks | Shock after resgination SAB Miller CFO
News: Shock after resgination SAB Miller CFO Jamie Wilson
CFO of the Week: Steven Whiley (Neotel): great CFOs take risks
CFOs of Oceana, Spur and Ascendis Health speak to Awards judges
Lifehacker Martijn Aslander warns CFOs for 'weapons of mass disruption'
Newsletter: CFOs shaken out of comfort zone | Awards judges interview nominated CFOs | Create business value through social investment
CFOs shaken out of comfort zone during Get Smart event
Awards judges interview CFOs of Denel, MiX Telematics, Interwaste and DMR
Expert Insight: How to create business value through social investment
Allan Mundell Director Nolands - The case for having auditor act as an interim CFO.
Newsletter: 4 principles for Africa - Interacting | Finance as business partner | Strange insights from IT
CFO Awards biggest and best on CFO calendar
Download program booklet and join Get Smart in 2015 CFO events in Johannesburg or Cape Town
CFO of the Week: Nishant Saxena (Cipla Medpro): Finance as business partner and in-house venture capitalist
Greg Davis, Standard Bank: 4 principles for Africa - interacting
5 questions for
Frank Rizzo (KPMG): weird relationships and strange insights from IT
Newsletter: Being trusted is ultimate reward | Rethinking financial disclosures in integrated reports | CFO Awards 2015 - Reserve your table now
Editorial: the bright side of headless chickens & impressive speakers
Fanus le Roux, CFO Africa - Middle East, Aurecon: being trusted is the ultimate reward
Rethinking financial disclosures in integrated reports
Newsletter: Turn risk into opportunity | PPC CFO Ramano stays put | Why are CFOs not online
Editorial: preparing for disruption & PPC CFO Ramano stays put
CFO of the Week: Jonathan Maehler, ChemSpec: honest information - a recipe for success
Expert Insight: Why the tweet are CFOs not online?
6 Questions for KPMG's Granville Smith: turn risk into opportunity
Newsletter: 5 key insights about CFOs in Africa | Boost for Woolworths and Foschini | Prepare for the Digital First World
Editorial: outgoing ArcelorMittal CFO's SA optimism, boost for Woolworths and Foschini
Dumisani Dlamini, CFO National Arts Council: a sense of higher purpose
5 key insights about CFOs in Africa
Lenore Kerrigan, Sales Director OpenText: preparing for the Digital First World
Newsletter: 4 principles for doing business in Africa | Ask a question to CEO JSE | Register for first CFO Events 2015
Get smart
join our February events and ask the JSE boss a question
CFO of the Week: Linda Kumbemba, loveLife: being the NGO's 'bad guy'
Greg Davis, Standard Bank: 4 principles for doing business in Africa
5 questions with... lifehacker & CFO SA Keynote speaker Martijn Aslander
Newsletter: CFO Hollard: Success requires vision | Nominations CFO Awards | 2015 a bumper year for CFOs
Editorial: 2014 in numbers - which company's shares are worth 40 percent more?
Brooks Mparutsa, Hollard Insurance: success requires vision
2015 a bumper year for CFOs
CFOs of Woolworths, Denel and UIF among nominees for CFO Awards 2015
Newsletter: Judges CFO Awards 2015 | Minister Meyer endorses CFO SA | We are living in a new renaissance
Editorial: KPMG provides CFOs for JSE firms, Madonsela finds `improper conduct`
CFO Awards 2015 judged by impressive group of industry leaders
Minister Meyer endorses CFO South Africa's public chapter
Expert Insight: Explorer Martijn Aslander: we are living in a new renaissance
Newsletter: Common CV mistakes | Good governance good for business | CEO JSE Keynote at CFO Events
Editorial: Sony CFO Kenichiro Yoshida as role model & common CV mistakes
CFO of the Week: Shabeer Khan (DTI): CAs should consider the government
Take a selfie: what's lacking on the CV of the CFO?
Master Class Kerry Jenkins, Head Regulatory and Compliance KPMG: `Good governance is good for business`
Newsletter: The power of a CFO | Choose consumer over product | Join CFO Events Get Smart in 2015 in JHB and CT
Editorial: The power of a CFO, Moving into Africa & what to think of brain drain?
CFO of the Week: Austin McDonald (Promasidor): choose the consumer over the product
Stanford Payne: Does a CFO on 'sabbatical' actually have burnout?
CFOs in the winelands - Platinum Member and VIP Tour
Newsletter: Public Finance Chapter launched | Learning from other CFOs is valuable | M&A transactions game changers for companies
Editorial: Twitter CFO blunders, public South African CFOs unite
CFO of the Week Talelani Enos Ramaru (Cosatu): learning from other CFOs is very valuable
The CFO's approach to analysing an M&A transaction
CFO South Africa launches public finance chapter
Newsletter: CFO Awards Judges revealed | Finance Minister gives insights in the public & private sector | Do CA exam changes benefit rich students?
Editorial: judges revealed for CFO Awards, governance improving in Africa
CFO of the Week: Clint Capitano, Cunningham Lindsey: take decisions and move on
Opinion: Veli Mcobothi - Do CA exam changes benefit rich students?
Minister Ivan Meyer gives CFOs insights in the public & private sector
Newsletter | CA examination changes good or bad? | Today last CFO Event of 2014 | KPMG principal sponsor CFO South Africa
Editorial: KPMG's Anthony Thunström to Foschini - CFOs with benefits?
CFO of the Week: Vuyo Mafata (UIF): investing billions for the unemployed
CA examination changes - good news or bad news?
KPMG throws its weight behind CFO South Africa
Going to Ghana? Why CFOs shouldn't lose out
Badibanga Promesse, Strategic Account Director CIMA: what CFOs need to know about strategy
Newsletter | How to become a happier CFO | Fraud in your rearview mirror? | Join the last CFO Event of 2014
Editorial: Listen to the rating agencies (for a change?)
Jonathan le Roux: Is Fraud in your rearview mirror?
Stanford Payne, Executive Coach: how to become a happier CFO
Newsletter | Saying NO to the CEO! | Partnering the CEO makes the job fun | Hear leading experts: Finance Minister and CFO SARS
CFO of the Week: Tudor Hungwe, SAMSA: Partnering the CEO makes the job fun
Saying NO to the CEO!
Anna Puzone, Zetta Solutions: keep information management simple
Newsletter | Hear leading experts: Finance Minister and CFO SARS | Growth opportunities in sluggish market | Reach 5000 CFOs in CFO Magazine
Editorial: growth opportunities in a sluggish market
CFO of the Week: Bob Head, Acting CFO at SARS: improving schools by influencing without power
In the News: Travel and IT innovation for Spur's longtime CFO Ronel van Dijk
Careers: Sasol appoints Nqwababa, Atkinson new CFO Esor
Newsletter | CFO Eskom: Success comes through focus | 12 networking tips for CFOs | Keynotes from Minister Ivan Meyer and CFO SARS
Editorial: 12 networking tips for CFOs
CFO of the Week: Tsholofelo Molefe, CFO at Eskom: success comes through focus
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