Top CFOs discuss their appetite for risk during November's CFO breakfast


An incredible lineup of top CFOs will shine their light on the topic that can make or break a modern business: risk. Inspired by Facebook founder Mark Zuckerberg's quote 'The biggest risk is not taking any risk', finance executives Sandile Ntsele, (MTN South Africa), Luvuyo Masinda (Standard Bank CIB) and Charl Keyter (Sibanye Gold) will discuss risk and results, not as a threat but as an opportunity.

"Sibanye Gold has gone from ugly duckling to swan," says Charl Keyter, during an exclusive interview that CFO South Africa published earlier this year. Since it was unbundled by Gold Fields in early 2013, Sibanye Gold has enjoyed a rapid rise to success in a very short space of time, becoming one of the most dynamic mining companies in the country. Besides gold, the company has also ventured into platinum, with coal and other minerals on the horizon. Where other firms retreat because of the risks, Sibanye Gold scoops up shareholder revenue. How do they do it?

Also read: Sibanye Gold CFO Charl Keyter talks risks and results

In a recent interview with Luvuyo Masinda, CFO of Standard Bank Corporate and Investment Banking (CIB), he talked about ways of dealing with volatility. While risk can be a danger or an opportunity, planning mains crucial, he argued:

"When you are operating in a world as volatile as ours, that uncertainty is not a reason not to plan ahead. Planning also helps you think about what you want to be and how you will do that. Of course, within your plans you need to adapt as the world is becoming more random, countries more protective, and anti-establishment sentiment is increasing."

Also read: Role model: the inspirational tale of Standard Bank's Luvuyo Masinda

Sandile Ntsele, CFO MTN South Africa, was recently part of a high-level CFO dinner, where he made the point that until recently neither they nor their traditional competitors would have considered a bank as a competitor. FNB changed that.

Also read: Navigate tomorrow's unknown: CFOs dine with a futurist


7h30 Welcome from Graham Fehrsen, MD CFO South Africa
7h35 CFO panel discussion: CFOs reframing risk
8h10 Guest keynote: The shifting landscape and why CFOs must adapt
8h25 CFO panel discussion: Building capacity and culture
9h00 Closing remarks

Partners: KPMG and Standard Bank

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