Barloworld driving intrinsic value, says CFO Nopasika Lila
Barloworld has more than doubled its operating profit for the financial year and resumed its dividend payments.
Caylynne Fourie is the managing editor at CFO South Africa. She has been delivering excellent content to the CFO community in a full-time capacity since March 2019, and as a freelancer for a year before that. She enjoys engaging with finance professionals and telling their stories through the variety of media in the CFO South Africa stables, including the CFO.co.za website, CFO Magazine, webinars, podcasts and other virtual events.
Barloworld has more than doubled its operating profit for the financial year and resumed its dividend payments.
The investment holdings group plans to shift its focus to school fee income initiatives during 2022.
Sheldon, who was recognised during the 2021 CFO Awards, will join SA Taxi in 2022.
During the 2021 CFO Awards, Dr Adriana Marais explained the importance of resource management.
Eight outstanding CFOs scooped top honours at the stunning gala dinner held at the Inanda Club.
Lauren Wortmann explains that Dimension Data is inspired by CFOs who partner with IT to drive business value.
OneStream’s Pieter van Zyl says it takes a village for any organisation to perform at its best.
Jurgens explains that Mediclinic has seen a return to pre-pandemic level revenues in the last six months.
Fikile Mhlontlo found a new purpose when tasked with returning SAA to the skies as its interim CFO.
The pulp and paper company reported a profit of $13 million for 2021, after a $135 million loss in 2020.
This International Accountants Day, we celebrate the CFOs who have redefined the accountancy role.
Accenture’s Dzingira Matenga explains that good compliance and governance can add value to any organisation.
Workday's Fred Portal unpacks how Covid-19 has forced organisations to accelerate their digital transformation strategies.
Afrimat’s three business segments saw a return to pre-Covid-19 volumes of operation.
Clive Potter says to recognise a CFO who has the same vision as Standard Bank is a great opportunity.
The group has reported a 5.4 percent decrease in revenue, but expects it to improve as the market recovers.
The CFO explains that the new model will be offset by savings in network capex, lease payments and more.
David Hamilton says it's important for CFOs to keep up with the pace of change globally and regionally.
Omnia has sold 90 percent of its stake in Umongo Petroleum as part of its new turnaround strategy.
Having grown up on a farm in Villiersdorp, Etienne tries to take a very pragmatic approach to his work.
The technology services group has reported a R1.3 billion loss in 2020 to R150 million profit in 2021.
CFO Nicholas Bofilatos explains that the group had been negatively impacted by two of its operations.
After working abroad for many years, Ryan McDougall returned to South Africa in 2019.
A2X Markets has seen two record trading months and growing interest in secondary listings in South Africa.
The group has seen positive profit growth from R296 million to R492 million for its 2021 half-year results.
Former finance minister Nhlanhla Nene urged finance and government to work together.
Air Liquide CFO Taki Nkhumeleni goes to Paris as the Europe LIM Program Director.
The property fund has seen strong results from the attractive development pipeline of logistics properties.
The group CFO explains that Altron People Solutions doesn’t fit in the Altron 2.0 strategy of being capital light.
Quantimetrics’s Bram Meyerson explains how CFOs can see the value for money when investing in software.
Francois explains that a strong balance sheet and liquidity demonstrates the sustainability of Growthpoint.
The JAM CFO and country director unpack the NGO’s efforts to help South Africans in tough times.
The technology holding group has reported a HEPS increase of 50 percent.
The group plans to unbundle its Discovery and Momentum Metropolitan assets, along with a rights issue.
CFO Bongi Ngoma was promoted to head of audit at the Auditor-General of South Africa in June.
The group has reported an 11 percent increase in first semester students to for the six months ended 30 June.
As the CFO of Cape Union Mart, Landi took the opportunity to mould the role to be more people-centric.
OneStream, which has seen massive success in its current geographies, is looking to expand into new geographies.
The hospitality company has seen significant improvements following the easing of Covid-19 restrictions.
The Petrocam CFO unpacks his experience of expanding into markets with dominant incumbents.
The group’s diverse business model enabled Old Mutual to deliver a solid set of half-year results.
SAA’s Fikile Mhlontlo and Lanseria’s Mpolaheng Mohlopi unpack what the future of the aviation industry will look like.
PwC’s Grant Searle and Workday’s Zuko Mdwaba explore the six topics shaping CFOs’ agendas.
Standard Bank Group has seen positive recovery in its financial results for the first half of 2021.
As the only female executive at SANRAL, Inge is passionate about empowering the women around her.
Rob unpacked his journey over the past two years during a CFO Community Conversation.
Human-centric digital transformation elevates humans by helping them reclaim time to do strategic work.
With a new job in a new industry and a new baby, Abigail has spent the last 18 months relearning.
Brad explains that, during the hard lockdown, he had to replan Douglasdale Dairy’s strategy daily.
Leading women in finance and technology reveal that inclusion starts long before women enter the workforce.
CFOs share how they have had to reset their boundaries since working from home.
Zoliswa has had to wear sales, risk and operation leadership hats throughout her career at G4S South Africa.
Nicholas has played a key role in developing the new Altron 2.0 business strategy and is ready to take it even further.
Jodi Joseph, divisional executive at CaseWare Africa, Adapt IT, says women have the ability to set their own trajectory.
Digitisation and the Covid-19 pandemic are only some of the challenges Raisibe has faced this last year.
The group has spent R39.2 billion on its stakeholders and economic contributions for South Africa.
Not only does the group expect revenue growth, its debt levels have also improved beyond pre-Covid-19 levels.
The new music streaming app comes at a time when the cost of data “pinches hard”, says Tramayne.
Mark says the support Hulamin has received to resume operations is an example of the country’s resilience.
Reeza believes that Woolworths’ investment into online services has pointed the business in a new direction.
The Sage EMEA VP says South Africans can deal with adversity and will bounce back.
Bongiwe says that TFG will start to rebuild and restock their stores that were affected by the recent civil unrest.
Mark says that South Africans should work together during this time of civil unrest.
Sappi Southern Africa has suspended several of its operations due to the civil unrest across South Africa.
Dr Chris van Straten and Dr Stavros Nicolaou highlight the impact of Covid-19 and the civil unrest on mental health.
Eleven Woolworths stores have been looted and severely damaged in KwaZulu-Natal and Gauteng, Reeza says.
Ninety One has an obligation to help curtail disruptive climate change and ensure sustainability, says Kim.
Rob explains that it took extraordinary effort from the finance teams to refinance the debt facilities.
Sage’s Gerhard Hartman and AWCape’s Jeff Ryan explore the benefits of using cloud-based technologies.
Simon and Brad explained what it took to shut down operations or to operate as an essential service.
CFO Community Conversation participants heard about the benefits of a client-centric business model.
The embattled broadcaster reported a monthly profit for April 2021 for the first time in five years.
Capitec made sure to understand the impact of Covid-19 on its clients, and to act accordingly.
Reunert has reported a significant recovery of its results due to its electrical engineering segment.
Masibulele explains that, while they continue to reduce costs, there is room for higher reductions.
CFO Daan Ferreira says that Astral’s results were largely affected by increased feed costs.
Mpho explains how she was recognised as a leader for EWSETA, despite her youth.
Jowayne says that cost and margin management minimised a more acute negative set of interim results.
Ninety One saw positive results when asset prices recovered after the impact of Covid-19.
Craig has had to weather storms as he navigated Covid-19 and got his skippers license in 2020.
The implementation of various liquidity preservation measures has left Mediclinic in a strong position.
Barloworld saw a 6.5 percent revenue increase, partially due to its two new acquisitions in 2020.
Rhett shares how he fast-forwarded his career from King Price’s CFO to deputy-CEO before the age of 40.
The group’s gross profit margin has recovered to 12.3 percent as a result of its new strategy aimed at sustainability.
Ntobeko says Redefine is in a strong position to benefit from future growth in the property sector.
As the world of work changes, CFOs need to rethink their skills and the talent that they bring into business.
The Mars South Africa CFO believes that CFOs need to be much more agile in the new world of work.
Innocent says running a restaurant is a completely different occupation from finance and lets him be creative.
The Sappi CFO and his team introduced a new strategy that steered the company through the Covid-19 crisis.
Premier FMCG has appointed its group CFO Kobus Gertenbach as its new CEO.
Jen explains some of the benefits of going on a digital transformation journey to transform the finance function.
KPMG South Africa is the first, and only, big auditing firm to enter into an agreement like this.
Krish says he leaves on a high, with the eThekwini Municipality's finances doing better than ever.
Jarred knew from a young age that he wanted to be an entrepreneur instead of a cog in the machine.
Along with SAPO, the Passenger Rail Agency South Africa will also be getting a new CEO.
FEM CFO Yusuf Bodiat has faced many challenges in his career, but kept going despite being knocked down.
The State of the Nation Address reveals plans for economic growth and recovery.
Nu-World Industries has appointed Travers Cape as its new CFO and interim company secretary.
New CPD programme allows financial services providers to complete online training courses.
Sappi’s profitability in all reporting segments exceeded expectations in the FY2021 first quarter.
SoluGrowth unpacks how your business’s accounting is likely to be affected by Covid-19.
The Afrimat CFO says that the biggest lesson from 2020 was that the business environment keeps changing.
On 6 December 2020, Nico took the opportunity of eased lockdown restrictions to get married.
Dumisani says that technology has become an integral part of his role as the CFO of SANParks.
The CFO looks forward to giving people hope again and making others see the value of their health.
TFG CFO Bongiwe Ntuli shared how the company has put their employees first, even during Covid-19.
Professor Peter Goss unpacks the call for CFOs to adopt a strategic financial governance outlook.
The Pick n Pay CFO urges people to use the teamwork of 2020 to take on 2021.
Tiffany has gone through life chasing new opportunities instead of waiting for them to come to her.
The Calgro M3 CFO encourages leadership to support those on their journey back to ‘normality’.
As an accounting professional, Shabeer quickly realised the value that technology brings to businesses.
Andre has gone completely paperless, replacing documents and books with his iPad.
The past few months have brought the importance of corporate contingency planning into sharp focus.
The Implats CFO urges people to lend a helping hand to the most vulnerable people in our society.
CFOs share their top tips on how to innovate, and be more effective and competitive.
CFOs share how they spend time away from the office, indulging some of their other passions.
We look back at the value that finance professionals found in gathering online to share and discuss challenges.
The new CEO of the IIA SA believes the time is right to elevate the role of the internal auditor.
Hylton Kallner has been appointed as the new CEO of Discovery Bank, taking over from Barry Hore.
Brenda Berlin has resigned as the acting CEO and executive director of MC Mining.