New bill will make Auditor-General more effective
The National Assembly has passed the Public Audit Amendment Bill, giving the AG's office greater clout.
The National Assembly has passed the Public Audit Amendment Bill, giving the AG's office greater clout.
Tyrone Soondarjee will be retiring as the CFO of Cell C at the end of this month.
African fishing behemoth Oceana Group posted a solid set of results for the six months ended March 2018, as efficiencies on the continent and material volume improvements made an impact
It also has plans to list its Nigerian unit on the Lagos stock exchange by the end of this year.
The firms are pushing ahead with efforts to drive innovation in the financial services industry
The IDC decided at its AGM not to reappoint KPMG, and chose its new auditors after an open tender process.
"The beauty of entrepreneurship is the ability to learn from any experience and use it to better equip yourself."
Company chair Mobolaji Balogun wants this done by 2020 so the company can resume its expansion plans.
The mining company intends to raise R2 billion from investors to cut debt and buffer working capital.
Pravin Gordhan has shaken up the boards at Eskom, Transnet and SA Express, with several new appointments.
JSE-listed Tiger Brands recorded a 4 percent decline in revenue to R15,7 billion, for the six months ended March 2018.
While the IRBA battles to keep up due to resource constraints, Nene says SA's audit laws need an overhaul.
Over exquisite food and wine at Marble restaurant, CFOs swapped notes with Deloitte leaders who were the official partners of this second dinner discussing energy efficiency.
Here are a few little tidbits to spice up the conversation when someone asks what you do for a living
Recommendations made by the AG's office to improve audit outcomes have also largely been ignored, he says.
Mastercard has launched the new programme called Accelerate to drive growth of FinTech firms and help them reach scale at speed
Deadlines, pace and face time are among the most important tools to strike a great deal, she says.
Following a recent $541 million writedown, the regional CEO has stepped down, not to be replaced.
The rise of economic nationalism, Donald Trump, territorial threats and populist politics pose the greatest threat to the growth of the world's biggest companies, according to a survey of 1 300 CEOs by KPMG
Earnings per share increased by 34 percent, while adjusted operating profit jumped 36 percent, to R949 million.
Mohammed Mahomedy has been appointed as the Interim Group CFO of Transnet.
Bitcoin marketplace Paxful plans to set up what it describes as the continent's first blockchain incubation hub in Lagos
"It is a very fine balance between high level and detail, because you can't be high level without understanding the detail first."
The money will be used to refinance debt at three of the pharma giant's subsidiaries.
Judge Raymond Zondo is conducting a judicial inquiry and full investigation into state capture.
Investec released its financial results this week, which showed a 44.9 percent increase in headline earnings.
While millennials and Gen Z are highly aware of how Industry 4.0 is shaping the workplace, many of them are uneasy about its arrival
CFOs and business leaders from partner firms like Deloitte, PwC, EY, Thomson Reuters and Ansarada showered the 2018 CFO Awards in compliments and rave reviews after the successful gala event on 10 May at Constitution Hill.
Following initial disagreement over confidentiality, it has been decided that SAA must release its Q4 report.
The Rise Fund has signed an agreement to acquire a stake in Cellulant, a leading digital payments provider that reaches 40 million people across 11 African countries
Finance heads agree: CFOs and the profession must embody ethical leadership in all that they do.
The sale of smart devices is largely responsible for the telecoms company's 8.1 percent revenue increase.
Other new interim board members are Louis Zeuner, Ursula Fikelepi, Edward Kieswetter and Dimakatso Matshoga.
Paul Marten, previously Microsoft South Africa FP&A Director, has taken up the same role in Canada.
Key changes include stronger VAT systems and expanded coverage of income tax.
Social media erupted in a warm outpouring of congratulations after the historic election of AngloGold Ashanti's Christine Ramon as CFO of the Year 2018.
Here are five intriguing and non-traditional accounting jobs you might want to consider
FD of Supply Chain Management, Thobeka says business must stop being superficial about risk management.
The money raised, which the firm hopes will be in the region of R1.5 billion, will be used to repay debt.
Consumer food maker Libstar debuted on the JSE this week, raising R3 billion in the process.
The CFO Awards 2018 panel discussion at Constitutional Hill challenged business leaders to change their mindsets around social regeneration.
Calls for ethical leadership as the first woman CFO takes home the tile of CFO of the Year during the spectacular fifth annual CFO Awards at Johannesburg's Constitution Hill.
New guide highlights the impact management accountants have on business sustainability
The fast food and quick service restaurant sector in SA contributes 13 percent to GDP.
Stefan Joselowitz, CEO, says the premium fleet portfolio was the dominant contributor.
Christine Ramon, chief financial officer of gold mining company AngloGold Ashanti, has been named South Africa's CFO of the Year at the 2018 CFO Awards.
Process and technology improvements are top priorities for global CFOs within two years
The winners of this year's CFO Awards will be announced tomorrow - know who's who.
Dean Subramanian, CFO of ArcelorMittal, has resigned to pursue an opportunity outside of the company.
This year's finance Oscars are backed by new partners PwC, Workday, Nike and Drayton Glendower.
Aspen Pharmacare has opened a R1 billion manufacturing facility in Port Elizabeth.
SA's former deputy finance minister has been appointed as an independent non-executive director at MTN.
Bruce Atkinson, CFO of Esor, has tendered his resignation.
GWK's Group FD talks about leaving Afgri after 22 years, his new role in agri, and moving to a small NC town.
The jump in earnings caused the poultry producing firm's shares to increase by six percent.
Vedanta Resources's proposed zinc smelter will be a first for SA since 2011.
Fitch has maintained a rating of BB- for Eskom, also leaving it at speculative grade.
Barclays Africa Group will no longer be using KPMG as its joint auditors.
The company also expects operating profit to be 15 percent lower than last year.
Martin Prinsloo, CFO of Royal Bafokeng Platinum, has tendered his resignation.
SA's exports rose almost ten percent, on the back of a trade balance surplus in March.
Naresh Tulsie has been appointed Fais Ombud, replacing outgoing Ombud Noluntu Bam.
The two most important events in the calendar of every South African CFOs have received a massive boost, with the announcement of the sponsorship by Thomson Reuters, the world's leading source of intelligent information for businesses and professionals.
4AX's Lindiwe Ndlela sees an opportunity for cleansing after the recent scandals that rocked the finance profession.
Exxaro previously disposed of a R5.9 billion stake and plans to further disinvest from the US company.
The sale of Royal Bafokeng Platinum shares has netted Anglo American Platinum a tidy R390 million.
Struggling Zim is considering its options in accessing cash, says Deputy Finance Minister Terence Mukupe
Finance bosses at SA's largest banks take home pretty pleasing paycheques.
Thabo Phokane has taken over from Peter Walsh as CFO of Servest.
Claudelle von Eck, CEO of IIA SA, talks about her five years on the CFO Awards judging panel.
SAA CEO has said the airline needs a R5 billion capital injection to make ends meet and settle debt.
Lee presented a positive and upbeat take on the risk-opportunity spectrum inherent in the rise of automation and artificial intelligence
Here are five accountants (or would-be number-crunchers), who disregarded the call of the financial calculator to take centre stage in an entirely unrelated field
Commentators put the increase down to profits from advertising
A recent survey by Robert Half Management Resources and Robert Half Technology found that more than half (51 percent) of CFOs collaborate more often with their company's CIO today versus three years ago
The entrepreneur, venture capitalist and reality TV star has been a fixture on the Finance Indaba stage over the past two years
Entrepreneurs will benefit from a new incubation programme recently launched in Mitchells Plain.
Investment holding company Purple Group has reported a decline in revenue of 8% to R34 million in the six months to end-February
Deputy Governor of the central bank, Francois Groepe, said South African policymakers had been keeping a close eye on FinTech developments
VC-backed FinTech firms raised a record $5.4 billion in the first quarter of 2018
Firms are only slowly adapting to advances in financial technology even when they know it will affect their business models, according to a new survey
Currently CEO of the Motus division, ex-CFO Osman Arbee will take over from Mark Lamberti.
CEO Francois Gouws says the company is satisfied with the results, especially as times are tough.
ZAR X has become a fulcrum for companies basing their financial success on inclusion.
Garry Pita has decided to part ways with SOE Transnet, and will be replaced by Mark-Gregg McDonald.
Boitumelo Mosako took the reins as CFO of BDSA on 1 April.
Global finance executives remain optimistic about economic growth prospects for the year ahead, according to the 2018 Global Business & Spending Outlook
Recent research has shown a need for broader information for effective corporate reporting.
Christiaan Engelbrecht took up the role of FD of Rectron on 16 April.
Company celebrates Earth Day with the launch of a digital token to accelerate global transition to solar power and a first-of-a-kind Solar Project Insurance Fund to minimise financial risk
ACCA says it is vital for accountants to develop their digital understanding and their ethical responsibilities.
Victor Sekese, CEO of SizweNtsalubaGobodo, shares his thoughts on five years of judging the CFO Awards.
Cognitive technologies have been adopted in other areas of business, inspiring finance to start learning about them, experimenting with them, and figuring out how to use them
CFO SA MD, Graham Fehrsen, encourages CFOs to do the right thing.
One of SA's oldest companies, Sanlam, has secured a secondary listing on A2X Markets.
The company is primarily concerned with the provision of all classes of life assurance, savings and retirement funding
Srinivasan Venkatakrishnan, CEO of AngloGold Ashanti, has tendered his resignation.
BCB Group is making available its proven infrastructure to financial institutions through a bespoke service enabling them to integrate cryptocurrency trading services seamlessly into their own platforms
Sixty-four percent of professionals think changing roles every few years can be beneficial, with the biggest perk being a higher salary, but CFOs don't necessarily agree
CFO of the Year 2017 Till Streichert talks about competing in the gruelling Cape Epic.
AccorHotels intends to purchase a 50 percent stake in Mantis Group, as it expands in Africa.
Dineo Molefe has been named the new MD of T-Systems' South African operations.
Bob Head will replace Phumeza Nhantsi as CFO of SAA, albeit in an interim capacity.
Louis Vuitton Moët Hennessy (LVMH) continued to set the pace for the luxury industry in compiling double-digit sales growth that analysts described as "remarkable"
UJ's Ben Marx has judged the CFO Awards for the past five years and reflects on this time.
For the second month in a row, business confidence in South Africa has dipped.
Sihle Ndzimbomvu's life story inspired attendees at the biggest finance conference on the African continent
Diversified investment holding company Brainworks has reported a 22 percent increase in revenue, to $58.6 million.
Waseem Carrim is one of South Africa's youngest CEOs, having been promoted recently from CFO.
SARS will apply normal income tax rules to cryptocurrencies and expect taxpayers to declare cryptocurrency gains or losses.
Clarke is a seasoned technology entrepreneur and has over 20 years' experience building global real estate marketplaces
Organisations cannot exploit strategic opportunities nor can they protect themselves from potential losses or failures, without a clear steer from the top on appropriate risk taking, says the ACCA
Where we've come from and where we are now makes me proud, says Glen Pearce, Sappi CFO
4AX has appointed Questco as an approved issuer agent/sponsor to the exchange.
After a ten-year absence, Consol will again list on the JSE main board.
Investors took advantage of the S12J tax incentive to help Westbrooke raise R565 million.
Marius Bosman, Shoprite Holdings CFO, has announced he will be retiring at the beginning of July.
CFOs can bring a fresh perspective to the CEO role, but the move isn't a natural progression, according to a study
Huge Group Ltd's shares have been approved for listing on A2X Markets from 10 April 2018.