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Newsletter:Nhlanhla Nene appointed director at Allan Grey | The CFO is Key to Business Agility | Join the CFO Awards 12 May

CFO South Africa Newsletter | Thursday 22 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Nhlanhla Nene appointed as partner at Allan Grey “Nhlanhla Nene (pictured), former South African finance minister, has been appointed a non-executive director at investment management firm, Allan Gray. The CFO is key to business agility, says Alexander Visser, CFO of P... “Although he originally intended to pursue a career as a banker, a realisation that he wanted to be involved in a more tangible business convinced Alexander Visser, the new CFO of Philips Procurement, to instead focus on finance. "I chose Philips because of the strong role finance had in decision making. I felt I could make a strong impact from the get-go." http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> The CFO Study Competition earns global stature "Entries for The CFO Case Study Competition have officially closed, with an overwhelming final tally of 1,278 aspirant registrations comprising 320 competing teams representing 53 universities and institutes from 25 different countries across five continents. The participants are all competing for the right to be crowned with the coveted 'CharterQuest Future CFO & Business Leaders 2016’ Award plus scooping the R100,000 cash prize. Read more exclusive articles on CFO.co.za - SA Reserve Bank to raise rates twice more this year - EOH buys Aptronics for R194 million - Finance Indaba 2016: Future-focused HR is Clarkhouse Human Capital'... - Building successful and compliant teams for Africa, by Citibank's E... - KPMG invests further into the Africa Regulatory Centre of Excellence CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

SA Reserve Bank to raise rates twice more this year

According to a recent Reuters poll, South Africa’s Reserve Bank (SARB) will raise interest rates twice more during 2016, despite the state of the country's economy, as inflation remains stubbornly above the Bank’s comfort level. These results were obtained via a Reuters survey of over 30 economists, who seem convinced that the Reserve Bank's interest rate hiking cycle is not over. Economists now expect the repo rate to end the year at 7.5% – a quarter of a percent higher than was expected in March, when the Bank raised rates by 25 basis points to 7.0%. In addition, the polled economists opined that inflation is only expected back on target in two years' time. Rates have been hiked 200 basis points in the last two years. Inflation is expected to accelerate and average 6.7% this year, much more than last year’s 4.6%. The poll found that it will ease to 6.3% in 2017 and 5.7% in 2018.

The CFO is key to business agility, says Alexander Visser, CFO of Philips Procurement

Although he originally intended to pursue a career as a banker, a realisation that he wanted to be involved in a more tangible business convinced Alexander Visser, the new CFO of Philips Procurement, to instead focus on finance. "I chose Philips because of the strong role finance had in decision making. I felt I could make a strong impact from the get-go."

EOH buys Aptronics for R194 million

EOH, a South African IT services business, has acquired 100% of Aptronics, a networking and infrastructure business, for a total of R194 million payable over two years, with 50% in cash and 50% in EOH shares. Rob Godlonton (pictured), CEO of EOH ICT Solutions, said in a statement:

KPMG invests further into the Africa Regulatory Centre of Excellence

KPMG has announced further investment into their Africa Regulatory Centre of Excellence (RCOE), an entity that offers an integrated multidisciplinary team approach to regulatory change. Alison Beck (pictured), leader of the Financial Services RCOE in South Africa, said:

The CFO Study Competition earns global stature

Entries for The CFO Case Study Competition have officially closed, with an overwhelming final tally of 1,278 aspirant registrations comprising 320 competing teams representing 53 universities and institutes from 25 different countries across five continents. The participants are all competing for the right to be crowned with the coveted 'CharterQuest Future CFO & Business Leaders 2016’ Award plus scooping the R100,000 cash prize.

3 lessons for the leader of 2020 - a chat with KPMG's Heidi Volschenk

Leaders of the future need to be able to continuously adapt to different people and situations, says Heidi Volschenk, Director: Learning & Development at KPMG. In this exclusive interview with CFO South Africa, Heidi chats about her career, the secret to time management and three crucial lessons for CFOs and other executives who want to be great leaders.

Lonmin CFO Simon Scott steps down

South Africa-focused platinum producer Lonmin has announced that its CFO, Simon Scott (pictured), will be stepping down from the board following Lonmin's interim results in May. Scott said in a statement:

Newsletter: | Prof Nkuhlu: CFOs need courage and competence | Transparent at the Finance Indaba | Public Sector: Can the CFO be a true business partner?

CFO South Africa Newsletter | Thursday 14 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Prof Nkuhlu: CFOs need courage and competence “CFOs need to be role models,” says Professor Lumkile Wiseman Nkuhlu, South Africa’s first black chartered accountant, current chancellor of the University of Pretoria and an often-cited inspiration for members of our CFO community. CFO South Africa had the pleasure of an exclusive interview with the 72-year-old finance elder, who will be the guest of honour during the 2016 CFO Awards on 12 May. Finance Indaba 2016: Transparent aims to help firms recover funds “We will be talking about how businesses can recover working capital, not only from eliminating double- and over-payments, but also from improving efficiencies and using our payment analysis reports,” says Carolina van der Ark from Transparent, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is. http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> Can the CFO be a true business partner, and is there really such as... "The biggest challenge for public sector CFOs is supporting the mandate. Some mandates are unfunded or contradictory,” said one of the participants at last night’s round table for public sector CFOs, held at the Menlyn Boutique Hotel. The evening’s discussion centered on effective communication and reporting to stay in control, and posed the questions of whether or not the public sector CFO can be a true business partner, and whether it is possible to ever really have control of the business. See pictures from the event here. Read more exclusive articles on CFO.co.za - Learning from the best: new DigiCore CFO Nicholas Bofilatos - Junk status: SA will know its fate in June - Insights from Deloitte's Ghana CFO Report - CEO Mark Barnes: Post Office to return to profit in 2018 - The four taxes that helped Sars collect R1 trillion - Adcock Ingram sells Indian unit for R336 million CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Junk status: SA will know its fate in June

Official word from ratings agencies will be out in June as to whether or not South Africa has survived an almost certain downgrade to junk status. Both Standard & Poor's (S&P) and Moody's Investor Service (Moody's) visited SA in March to assess the situation, and both will issue a final verdict in June.

Finance Indaba 2016: Transparent aims to help firms recover funds

“We will be talking about how businesses can recover working capital, not only from eliminating double- and over-payments, but also from improving efficiencies and using our payment analysis reports,” says Carolina van der Ark from Transparent, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

Insights from Deloitte's Ghana CFO Report

The recently released Deloitte CFO Survey for West Africa delivered various insights gleaned from CFOs operating in Nigeria and Ghana. The report revealed many interesting things, for example, that CFOs in West African countries are more positive about their growth prospects than their Southern African counterparts. It also revealed that they are, however, less optimistic than their East African counterparts. What exactly did West African CFOs have to say?

Learning from the best: new DigiCore CFO Nicholas Bofilatos

The 33-year-old Nicholas Bofilatos is one of South Africa's youngest CFOs, having recently succeeded Cobus Grove as DigiCore CFO, after vehicle and fleet tracking firm was bought by the American digital solutions behemoth Novatel Wireless in October 2015. We spoke to Nicholas about learning from his predecessor and from other peers during our CFO events, about his promotion and about combining his hectic work with a family life - including young twins.

CEO Mark Barnes: Post Office to return to profit in 2018

The South African Post Office (SAPO) should return to profit in 2018, says its CEO, Mark Barnes, who was appointed in 2015. SAPO is expected to record a loss of over R1 billion in the 2015/16 financial year. In the previous financial year it lost R1.5 billion.

Prof Nkuhlu: CFOs need courage and competence

“CFOs need to be role models,” says Professor Lumkile Wiseman Nkuhlu, South Africa’s first black chartered accountant, current chancellor of the University of Pretoria and an often-cited inspiration for members of our CFO community. CFO South Africa had the pleasure of an exclusive interview with the 72-year-old finance elder, who will be the guest of honour during the 2016 CFO Awards on 12 May.

The four taxes that helped Sars collect R1 trillion

For the first time ever, the South African Revenue Service (Sars) collected more than a R1 trillion in taxes – growth of 8.5 % in total revenue from 2014/15. So just how did the revenue service achieve this?

Adcock Ingram sells Indian unit for R336 million

South African pharmaceutical company Adcock Ingram has sold its Indian unit, Cosme Farma Laboratories, for a sum of R336 million ($22 million). The sale comes after the Bangalore-based business suffered two write downs over the past three years. Adcock Ingram said in a statement:

Can the CFO be a true business partner, and is there really such as thing as control, pondered SA's public sector CFOs

“The biggest challenge for public sector CFOs is supporting the mandate. Some mandates are unfunded or contradictory,” said one of the participants at last night’s round table for public sector CFOs, held at the Menlyn Boutique Hotel. The evening’s discussion centered on effective communication and reporting to stay in control, and posed the questions of whether or not the public sector CFO can be a true business partner, and whether it is possible to ever really have control of the business. See pictures from the event here.

New stock exchange for SA: ZAR X

South Africa has issued its first stock exchange operating licence - albeit conditional - in more than a century, to the ZAR X Stock Exchange, scheduled to begin operating in September this year, and begin trading in October. Etienne Nel (pictured), ZAR X CEO, said in a statement:

Newsletter: 3 trends CFOs cannot ignore | How can firms use the cloud | Join the CFO Awards 12 May

CFO South Africa Newsletter | Thursday 7 April Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles How Oceana bought Daybrook Fisheries - CFO Imraan Soomra reveals “The acquisition of Daybrook has put us years ahead,” says Imraan Soomra, CFO of Oceana. The Cape Town-based fishing company was already Africa's biggest, but burst onto the global stage with the spectacular acquisition of Daybrook Fisheries in the US last year. We spoke to Imraan about the finance transformation and culture change that laid the platform, the adrenaline of the deal and his future ambitions. Preparation is key to successful M&A “Walking away is the hardest thing to do when your deal’s very attractive. But if you have a walk-away point that makes it very easy. And you have to have that,” said Imraan Soomra, Group FD, Oceana Group. “It’s about the preparedness. If you always know in the back of your mind why you’re doing this, it becomes easier to be objective about a walk-away decision.” Imraan was speaking as a member of the panel at last night’s CFO South Africa event, Preparing your business for M&A activity, the first in a two-part series. He was joined by Deon Fredricks, CFO, Telkom; Nick Matthews, Partner, Head of M&A, KPMG South Africa; and Andrew Balnaves, Executive VP, Corporate and Investments, Standard Bank. http://static.financieel-management.nl/img_simple.php?src=img/pictu..." /> Finance Indaba 2016: Sage One explores how firms can use the cloud "The future is mobile and we are giving our customers the power to control their businesses from the palm of their hand," says Steven Cohen from Sage One, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is. Read more exclusive articles on CFO.co.za - 3 trends in the legal industry CFOs cannot ignore – by Yvonne Wakef... - Retirement for celebrated Remgro CFO Leon Crouse, founding CFO of V... - Old Mutual Wealth CEO says it could be a FTSE 100 firm - S&P affirms MTN rating as Nigerian fine still looms - Meet CFO Awards 2016 nominee Charl Keyter, CFO of Sibanye Gold - Commissioner Tom Moyane says Sars collected R1 trillion in tax - IMF cuts Nigeria's growth forecast CFO Awards 2016 - Reserve your table now - 12 May Sandton Join the CFO Awards and meet 250 of South Africa's leading CFOs. The annual CFO Awards recognizes CFOs of listed companies, large corporations, parastatals and government institutions and awards them for outstanding performance and leadership. Over 250 top CFOs and business partners will attend the event and enjoy roundtable discussions, networking, entertainment and a VIP dinner. Don't miss out on an afternoon of exceptional round table conversations with nominees and excellent networking opportunities in the first part of our event. In the evening join us for great food and drinks during the CFO dinner and CFO Awards show.?? Be entertained by Swing City Modern Day Swing Music, inspired by the likes of the Rat Pack, Michael Buble en Robbie Williams. Swing City was borne of the love of swing music from three of South Africa’s most loved artists Nathan Ro, Graeme Watkins and Loyiso Bale. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. For more information have a look at CFOAwards.co.za. Become a member and buy your ticket here. Partners CFO Awards 2016 Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner July 21 Johannesburg | M&A Series part 2 Public sector events in 2016 May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? July 27 Johannesburg | Are you a Stakeholder Manager? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Distell aiming to double sales by 2020 through M&A

According to Richard Rushton (pictured), Distell CEO, to offset slow growth in its home market South Africa, the company intends to double sales and profit over the next four years by way of cross-border acquisitions. The South African liquor producer, which makes various ciders and brandies, as well as the popular Amarula Cream, earns 75% of its annual R12 billion revenue and R1.2 billion headline earnings in South Africa; a country whose economy is forecast to grow by just 1% this year. Rushton, speaking to Reuters, said:

Finance Indaba 2016: Sage One explores how firms can use the cloud

"The future is mobile and we are giving our customers the power to control their businesses from the palm of their hand," says Steven Cohen from Sage One, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg. In the coming weeks and months, we will be chatting to all the Indaba partners, asking them why they are joining the event and what their most important message for finance professionals is.

Standard Bank's Zim unit deemed profitable

Stanbic Bank, Standard Bank's Zimbabwe-based unit, has reported profit after tax of some US$23.9 million – a 15% increase – for the year to end-December 2015.

How Oceana bought Daybrook Fisheries - CFO Imraan Soomra reveals

“The acquisition of Daybrook has put us years ahead,” says Imraan Soomra, CFO of Oceana. The Cape Town-based fishing company was already Africa's biggest, but burst onto the global stage with the spectacular acquisition of Daybrook Fisheries in the US last year. We spoke to Imraan about the finance transformation and culture change that laid the platform, the adrenaline of the deal and his future ambitions.

3 trends in the legal industry CFOs cannot ignore - by Yvonne Wakefield

The legal profession has remained essentially the same for the last few centuries. One could be forgiven for thinking that, other than the introduction of fax and then email for communication purposes, the profession has shown little aptitude for adapting to changing times.

IMF cuts Nigeria's growth forecast

The International Monetary Fund (IMF) has cut its growth forecast for Nigeria as the oil-exporting country faces considerable challenges from low crude prices.

Top CFOs reveal their M&A dreams & nightmares - join us on 6 April 2016

Oceana CFO Imraan Soomra played a huge role in the acquisition of Daybrook Fisheries in New Orleans, growing the market cap of the Cape Town-based fishing firm with about 50%. DigiCore CFO Cobus Grove was instrumental in saving the vehicle-tracking company from demise and selling it to the US firm Novatel Wireless. Deon Fredericks rose through the ranks at Telkom, to eventually take over the CFO job in the most difficult of times and guiding the acquisition of Business Connexion through tricky turns. All the while, these three finance bosses also still had a normal business to run...

Retirement for celebrated Remgro CFO Leon Crouse, founding CFO of Vodacom

One of South Africa's most impressive CFOs, Remgro's finance boss Leon Crouse, is retiring today, on 31 March 2016. As founder member of the management team of Vodacom he was instrumental in the launch of the mobile communications giant, where he was in charge of the purse until he joined the Stellenbosch-based investment holding company Remgro in 2008.

Newsletter: Finance vs internal auditors - time to end the bloody wary

CFO South Africa Newsletter | Thursday 31 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Finance vs. internal auditors: time to stop the bloody war “Here come the auditors” is a rally cry that is often heard in organisations. Being in Internal Audit for twenty-five years I have found that there has always been a distinct sense of rivalry and antagonism between the finance department and Internal Audit. Very much like the Blues and the Reds where we - the internal auditors - are seen to be on different teams, fighting each other. With the winner being the one who can either hold out or the one who can attack and get the results. Quietly confident about deals in 2016, says KPMG's M&A guru Joh... KPMG’s M&A guru John Geel says he is “quietly confident” that 2016 is going to be a good year for mergers and acquisitions in South Africa. In an exclusive interview with CFO South Africa he reveals that he expects the number of deals to be “at least equal to last year, if not more”. Bonitas and Liberty discuss merger wo of South Africa’s largest medical schemes‚ Bonitas Medical Fund and Liberty Medical Scheme (LMS)‚ have announced they are in discussions to merge. Andrew Edwards (pictured)‚ executive principal officer for LMS, said: "While negotiations are at an advanced stage‚ member consultation is imperative and various regulatory processes still need to be satisfied for the transaction to be concluded.” Read more exclusive articles on CFO.co.za - Financial services sector to spend R122bn on BEE - Fort Hare SA’s top achiever in accounting board exams - CFO Case Study Competition sees record number of entries - Japanese investment bank Nomura opens SA office - No shortage of buyers for Barclays Africa - Meet CFO Awards 2016 nominee Johan Geel, Group Financial Director o... Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 250 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes, Standard Chartered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Capitec announces 26% increase in profit

Capitec Bank, which offers consumer banking services and provides loans not backed by assets to low-income earners, recently announced that profit in the year through February increased by 26%.

To SPAC or not to SPAC? An interview with #FinTech financier Greg Voigt

"The traditional PE model is stale and battling with an ever increasing amount of regulations and complexity," says Greg Voigt, chief investment officer at special purpose acquisition company M-FiTEC that listed on the JSE’s AltX board at the end of last year. We spoke to him about the advantages of a SPAC over other financing forms, the opportunities for FinTech in South Africa and his ambitions with M-FiTEC.

Japanese investment bank Nomura opens SA office

Nomura, a Japanese investment bank, has announced that it will be setting up a permanent branch in Cape Town, South Africa, with the new offices scheduled to open on 4 April. Nomura has also appointed Jan Newman and Ben Lowther, previously of Newman Lowther & Associates, to lead the South African team.

Financial services sector to spend R122bn on BEE

The financial services sector has committed to spending some R122 billion over a period of five years on various forms of black economic empowerment (BEE). The 2012 financial sector codes committed banks to R80 billion in empowerment financing over the five years to 2017, and long-term insurers to R42 billion.

Finance vs. internal auditors: time to stop the bloody war

“Here come the auditors” is a rally cry that is often heard in organisations. Being in Internal Audit for twenty-five years I have found that there has always been a distinct sense of rivalry and antagonism between the finance department and Internal Audit. Very much like the Blues and the Reds where we - the internal auditors - are seen to be on different teams, fighting each other. With the winner being the one who can either hold out or the one who can attack and get the results.

Investec Plc expecting largely unchanged profit

Investec Plc has said that, currency translations excluded, it expects to report a "solid increase" in operating profit in the 12 months to end March. It added that impairments are expected to be around 20% lower than the previous year.

Fort Hare SA's top achiever in accounting board exams

The University of Fort Hare’s (UFH) accounting department outperformed all other South African universities to score the highest pass rate in the recent South African Institute of Chartered Accountants (Saica) board exam.

CFO Case Study Competition sees record number of entries

The CFO Case Study Competition, for which entries close on 31 March, has gained incredible momentum in recent weeks and has received a record number of entries. As of 22 March, 1120 entries (some 280 teams) had been received from 39 universities across 15 countries and two continents. Of these, 75 also signed up as CFO Brand Ambassadors and 52 as CFO Social Media Contestants.

Quietly confident about deals in 2016, says KPMG's M&A guru John Geel

KPMG’s M&A guru John Geel says he is “quietly confident” that 2016 is going to be a good year for mergers and acquisitions in South Africa. In an exclusive interview with CFO South Africa he reveals that he expects the number of deals to be “at least equal to last year, if not more”.

SA to retain preferential access under Agoa

Having met various benchmarks set by President Barack Obama to allow the import and sales of US meat products, SA will keep preferential access for its farming goods to the world’s biggest market.

Newsletter: Keep doing what your are doing and you will fail | Everything CFOs should know about fraud |Local talent in the spotlight at smashing CFO event

CFO South Africa Newsletter | Thursday 24 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles "Keep doing what your're doing & you'll fail" - Keith Coats "As you look to the future, the surest way to fail in tomorrow's world is to continue doing what you're doing today." So says Keith Coats, founding partner of TomorrowToday Global, an international consultancy that focuses on the future of leadership, global trends, strategy, diversity and talent. Keith will be speaking at the upcoming CFO Awards, held at Summer Place on 12 May 2016. The crucial role of the risk register: a chat with Aveng Infraset's... Thobeka Ntshiza, Financial Director of Aveng Infraset and a finalist in the 2015 SAICA Top 35-Under-35, is a regular at CFO South Africa events and believes that peer-to-peer learning is a non-negotiable. "You actually cannot afford not to attend such events. It's part of your growth and development as an FD, and in the CFO space," she says. Thobeka also believes in the importance of having your finger on the pulse of the company's financials, and going "into the trenches" to check the health of the business. Local talent in the spotlight at smashing CFO event 'Moving into Af... Innovative ways to identify and develop top local talent in African countries were the hottest topic of conversation during an extremely insightful CFO South Africa event about Moving into (the rest of) Africa, hosted by Standard Bank at its impressive Rosebank premises on 16 March 2016. Vibrant CFO panel discussions alternated with insights from experts from Thomson Reuters and Spencer Stuart, while attending CFOs also had the chance to get involved. Read more exclusive articles on CFO.co.za - Beware the geeks - dinner guests discuss CFO's crucial role as big ... - Bonitas and Liberty discuss merger - Everything CFOs should know about fraud – a chat with EY’s Susan Br... - Sanlam full-year profit mostly unchanged - No shortage of buyers for Barclays Africa - Meet CFO Awards 2016 nominee Deon Fredericks, CFO of Telkom Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 250 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table. Get inspired by thought provoking speakers Professor Wiseman Nkuhlu, professor Mervyn King and Vusi Thembekwayo will be among the most eminent of guests at this year’s CFO Awards. Also we have leading experts Keith Coates and Brian Farley, international leadership experts, Trevor Hoole, CEO KPMG Southern Africa, Clement Chinaka, CEO Corporate Segment Old Mutual and Victor Sekese, CEO SizweNtsalubaGobodo joining us, together with some of the very best CFOs and CEOs sharing their insights and experience. here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Bonitas and Liberty discuss merger

Two of South Africa’s largest medical schemes‚ Bonitas Medical Fund and Liberty Medical Scheme (LMS)‚ have announced they are in discussions to merge.

`Keep doing what your're doing & you'll fail` - Keith Coats

"As you look to the future, the surest way to fail in tomorrow's world is to continue doing what you're doing today." So says Keith Coats, founding partner of TomorrowToday Global, an international consultancy that focuses on the future of leadership, global trends, strategy, diversity and talent. Keith will be speaking at the upcoming CFO Awards, held at Summer Place on 12 May 2016.

Gold Fields issues more shares; falls

After raising R2.3 billion from shareholders to pay down debt, Gold Fields fell the most in a month, stock declining 10%, after the company sold 38.9 million new shares at R59.50 each - a 6% discount to the 30-day average.

The crucial role of the risk register: a chat with Aveng Infraset's FD Thobeka Ntshiza

Thobeka Ntshiza, Financial Director of Aveng Infraset and a finalist in the 2015 SAICA Top 35-Under-35, is a regular at CFO South Africa events and believes that peer-to-peer learning is a non-negotiable. "You actually cannot afford not to attend such events. It's part of your growth and development as an FD, and in the CFO space," she says. Thobeka also believes in the importance of having your finger on the pulse of the company's financials, and going "into the trenches" to check the health of the business.

Everything CFOs should know about fraud - a chat with EY's Susan Breytenbach

“With fraud the devil is often in the detail,” says Susan Breytenbach, a leading partner in EY’s forensic services department. “For the CFO there is a fine balance between not being in the detail, whilst still maintaining control to ensure that the checking gets done by the appropriate level of person to the appropriate level of detail.”

Sanlam full-year profit mostly unchanged

Sanlam, the largest South Africa-based insurer and which operates in Africa, Europe, the UK, US, India and Malaysia, has seen an increase in full-year profit of just 2.3%.

No shortage of buyers for Barclays Africa

According to a recent report by Bloomberg, Barclays Africa Group says there is no lack of interest from buyers wanting a stake in the company. This after Barclays announced that it would be selling down its stake to less than 20% over the next two to three years.

Eskom announces R324 billion for new power plant builds

State-owned utility Eskom has announced that over the next five years it will increase its capital expenditure by 44% to R324 billion, in order to build new power stations. Eskom added that it had R85 billion of funding – representing nearly all of the capital needed – for 2016 and 2017 in a presentation to parliament.

Beware the geeks - dinner guests discuss CFO's crucial role as big data chief

Turning a blind eye to big data puts your business at risk of being left behind, but CFOs need to know what they want from the data in order to help the ‘geeks’ find the right outcomes. That was one of the many useful lessons during an intimate CFO dinner hosted on 17 March 2016 at the Taj Hotel in Cape Town. See photos of the dinner here.

Lawrence MacDougall named new Tiger Brands CEO

Tiger Brands, South Africa’s largest food producer, has appointed Lawrence MacDougall (pictured), currently with Mondelez International, as its new CEO. MacDougall's start date is yet to be announced.

Local talent in the spotlight at smashing CFO event 'Moving into Africa'

Innovative ways to identify and develop top local talent in African countries were the hottest topic of conversation during an extremely insightful CFO South Africa event about Moving into (the rest of) Africa, hosted by Standard Bank at its impressive Rosebank premises on 16 March 2016. Vibrant CFO panel discussions alternated with insights from experts from Thomson Reuters and Spencer Stuart, while attending CFOs also had the chance to get involved.

Newsletter: The best finance leaders have an external outlook | SA has world's highest rate of economic crime | New CFO Magazine out now

CFO South Africa Newsletter | Thursday 17 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Rhinos, tenders & transformation: a chat with SANParks CFO Raje... "SANParks is a large, multifaceted organisation with several focal areas, including tourism, conservation and the management of estates. This mix creates a different level of complexity. I would say SANParks is far more complex than other environment where I've worked," says Rajesh Mahabeer, CFO of South African National Parks (SANParks). Standing up for what’s right - public sector CFOs discuss leadershi... A round table for public sector CFOs took a fascinating turn when one of the participants told how she had stood up against wrongdoing and taken her superiors to court. Hosted by CFO South Africa and partner KPMG the discussion on 15 March 2016 at the Marion on Nicol focused on leadership, and specifically asked whether good leadership and its relationship with fear. KPMG's Ahmed Jaffer: The best finance leaders have an external outlook "I am a firm believer that more CFOs should go outside of the finance department to see what is going on in the rest of the business and outside of it," says Ahmed Jaffer, long-time Partner and Chairman of the Board at KPMG in South Africa. Read more exclusive articles on CFO.co.za - Simplicity key to unlock data for fleets - Aon CFO dinner report - Give African executives opportunity to develop: Pratik Chandaria (A... - CFO Case Study Competition draws huge number of entrants - Ciko Thomas appointed head of retail and business banking at Nedbank - SA has world's highest rate of economic crime, says PwC - Meet CFO Awards 2016 nominee Osman Arbee, CFO of Imperial Holdings Join the next CFO Event "M&A series - Working on the Business when you're in the Business" Wednesday 6 April 16.00 - 20.00 - Johannesburg We invite you to join us for the CFO South Africa event M&A Series Part 1 - Working ON the Business when you're IN the Business In 2015, domestic and inter- Sub-Saharan African M&A reached $8.3bn, up 39% year-on-year, the highest first nine months total since 2010. This activity is a reminder of the opportunities for growth but how can you take advantage of this climate? Preparation. It isn’t only a willingness to look into opportunities for acquiring a competitive advantage but also doing all you can to position the business for success should an acquirer knock on your door. In this first of a two part series we hear from Imraan Soomra (Group FD, Oceana Group), Deon Fredricks (CFO, Telkom) and Cobus Grove (CFO, Digicore), CFOs who have been immersed in M&A activity in the last two years, about the challenge of working on your business while remaining fully immersed in the business. Is there a clear distinction? How do you prioritize and what drives success? We also get insights from deal makers and advisors on what CFOs should focus on, to be in the driving seat when M&A opportunities present themselves.In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join this CFO event and register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Out now. CFO Magazine issue 1 - 2016 The 3rd CFO Magazine CFO South Africa is out now. With 84 pages packed full of need-to-know information delivered in sharp, insightful articles. Read the latest insights from Reeza Isaacs, CFO Woolworths, Vusi Thembekwayo, Mary Vilakazi, CFO MMI Holdings and Lindani Dhlamini, CEO SekelaXabiso and more. As our online member we would like to give you the opportunity to read the CFO Magazine South Africa online and free of charge HERE. (please make sure that you are logged in with your CFO.co.za account). Would you like to also share your story in the next issue? Please contact Shay van Huyssteen at [email protected] or at +27 11 083 7515. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Private sector events in 2016 Apr 6 Johannesburg | M&A Series Part 1 May 12 Johannesburg | CFO Awards 2016 June 22 Johannesburg | The CFO as business partner CFO South Africa Public sector events in 2016 Apr 7 Johannesburg | Are you a true business partner? May 12 Johannesburg | CFO Awards 2016 June 21 Johannesburg | Are you an Inspirator? 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 Shay van Huyssteen at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Moody's to decide on downgrading SA

Treasury has announced that ratings firm Moody’s will be visiting South Africa this week to decide whether or not to downgrade the country's credit status to just one notch above sub-investment grade.

Standing up for what's right - public sector CFOs discuss leadership and fear

A round table for public sector CFOs took a fascinating turn when one of the participants told how she had stood up against wrongdoing and taken her superiors to court. Hosted by CFO South Africa and partner KPMG the discussion on 15 March 2016 at the Marion on Nicol focused on leadership, and specifically asked whether good leadership and its relationship with fear.

Rhinos, tenders & transformation: a chat with SANParks CFO Rajesh Mahabeer

"SANParks is a large, multifaceted organisation with several focal areas, including tourism, conservation and the management of estates. This mix creates a different level of complexity. I would say SANParks is far more complex than other environment where I've worked," says Rajesh Mahabeer, CFO of South African National Parks (SANParks).

Give African executives opportunity to develop: Pratik Chandaria (Africa Advisory Group)

Contrary to perceptions, there is a strong potential pool of great local business leaders in Africa," says Pratik Chandaria of Africa Advisory Group, a company specialising in recruiting executives and developing the next generation of leadership for Africa. "The strength of the leadership pool is defined by the potential you see in it. This means you have to be willing to give leadership talent the opportunity to develop; particularly in Africa where leadership skill sets are still developing. I rank the pool highly in terms of potential."

CFO Case Study Competition draws huge number of entrants

The CFO Case Study Competition, which will see entrants tackle the topic of strategic threats, opportunities, weaknesses and ethical dilemmas facing key decision-makers in the mobile telecommunications sector, has gained incredible momentum in recent weeks, and there are still two weeks to go before entries close.

Reserve Bank awards African Bank Good Bank with licence

In addition to the Reserve Bank awarding African Bank "Good Bank" its banking licence, creditors have voted in favour of an offer to transfer their debt instruments from the failed African Bank to the newly constructed Good Bank.

Simplicity key to unlock data for fleets - Aon CFO dinner report

Simplicity and logic are paramount for CFOs that want to make effective use of big data for their fleet management. That was one of important takeaways during an exclusive CFO dinner on 11 March 2016 at the Saxon Boutique Hotel in Johannesburg .

Barclays to sell Zimbabwean arm

In the wake of its recent announcement that it was reducing its 62.3% stake in Barclays Africa, Barclays plc has announced its intention to exit its Zimbabwean operations.

Newsletter: Join our Moving into Africa event 16 March | How to succeed in Africa | Gov should help black investors to buy Barclays Africa

CFO South Africa Newsletter | Thursday 10 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Gov should help black investors to buy Barclays Africa, says Vusi T... The decision of Barclays Plc to sell down its 62.3% interest in Barclays Africa could be great for the African continent, says entrepreneur and investor Vusi Thembekwayo. He says the “South African government should step in” and create an opportunity for “a cohort of black investors that are pro-development and behind the National Development Plan”. Join our Moving into Africa event about knowledge & talent on 1... People and knowledge are at the centre of attention during this year’s CFO event Moving into Africa, on Wednesday 16 March at the Standard Bank office in Rosebank on 30 Baker Street. CFOs who will their experiences on the continent will include Alexander Visser (Philips Africa), Mohammed Abdool-Samad (Illovo) and Greg Davis (Standard Bank Africa). Experts from knowledge company Thomson Reuters and executive recruiter Spencer Stuart are also at hand to provide insight. How to succeed in Africa: 5 questions for Kamal Patel (Thomson Reut... Local talent, knowledge and understanding of the local context is crucial for businesses to be successful in African countries north of South Africa, says Kamal Patel, Head of Corporates & Partnerships at Thomson Reuters. Kamal is one of the exciting speakers lined up for our CFO event Moving into Africa on Wednesday 16 March 2016. To get to know him we contacted him - during a business trip in Ethiopia! - and asked him five questions. Read more exclusive articles on CFO.co.za - Brian Joffe, Bidvest Group CEO, to step down - KPMG identifies top influences of FDI into Africa - As growth in SA slows, Santam looks to new markets - Vodacom and Neotel deal falls through - Meet CFO Awards 2016 nominee Evan Tsatsarolakis, CFO of Taste Holdings - What CFOs should learn from baseball - introducing CFO Awards speak... Joint the next CFO Event "Moving into Africa" Wednesday 16 March 17.00 - 20.00 - Standard Bank, Rosebank We invite you to join us for the CFO South Africa event Moving into Africa - Fit to compete or last over the line? In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join CFOs and Africa specialists discussing what really works around talent development to accelerate your business’ potential. Hear how institutional knowledge is being backed up with smart platforms and local insights. Being fit enough is about having a plan and building incrementally - don’t get left behind! Program 17.00 Opening & Reception 17.30 Master Class - Fit to compete or last over the line? 17.40 Panel debate - Building from the ground up. 18.00 Executive hiring - trends in Africa by Moula Mokhbo-Amegashie, Partner sub-Saharan Africa Spencer Stuart. 18.10 Panel debate - Local know how is more important than institutional or corporate knowledge. 18.30 Combining talent and knowledge for business - what does the future hold? by Kamal Patel, Head of Corporates & Partnerships, Thomson Reuters. 18.45 Closing comments CFO Panel: Greg Davis (CFO Rest of Africa, Standard Bank) Mohammed Abdool-Samad (CFO, Illovo Sugar) Alexander Visser (CFO Philips Africa) 19.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. Become a partner Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

How to succeed in Africa: 5 questions for Kamal Patel (Thomson Reuters)

Local talent, knowledge and understanding of the local context is crucial for businesses to be successful in African countries north of South Africa, says Kamal Patel, Head of Corporates & Partnerships at Thomson Reuters. Kamal is one of the exciting speakers lined up for our CFO event Moving into Africa on Wednesday 16 March 2016. To get to know him we contacted him - during a business trip in Ethiopia! - and asked him five questions.

NSE renews CEO Oscar Onyema's contract for further 5 years

The Nigerian Stock Exchange (NSE) has renewed the contract of Oscar Onyema (pictured), its CEO, for a further five years. Onyema's initial five-year contract was due to expire on 31 March 2016, as he first took up office with the exchange in April 2011.

What CFOs should learn from baseball - introducing CFO Awards speaker Brian Farley

"You don't have to have the best ten players to have the best team. You just have to have a group of guys who are really committed and all seeking excellence. You don't have to have perfection," says 55-year-old Brian Farley, an American-born baseball player and coach turned business performance coach. Brian will be speaking at the upcoming CFO Awards, held at Summer Place on 12 May.

Vodacom and Neotel deal falls through

According to mobile operator Vodacom, its deal to acquire fixed telco group Neotel has fallen through. Vodacom originally agreed to buy Neotel from Tata Communications in May 2014.

MTN in search of a new group CEO

MTN is currently seeking a new group CEO to take over from Phuthuma Nhleko (pictured), acting executive chairman. Addressing those gathered at MTN's recent annual results presentation, Nhleko said that finding the right group CEO was critical to MTN’s success.

Join our Moving into Africa event about knowledge & talent on 16 March

People and knowledge are at the centre of attention during this year’s CFO event Moving into Africa, on Wednesday 16 March at the Standard Bank office in Rosebank on 35 Baker Street. CFOs who will their experiences on the continent will include Alexander Visser (Philips Africa), Mohammed Abdool-Samad (Illovo) and Greg Davis (Standard Bank Africa). Experts from knowledge company Thomson Reuters and executive recruiter Spencer Stuart are also at hand to provide insight.

Mike Lysko, AYE: taking eventing to the next level through tech

Mike Lysko was up to his elbows in the event space when the makings of a brilliant idea started to take root in his mind. He frequently saw people at events lined up (im)patiently waiting their turn to talk to the flushed assistant at the information desk. He noticed others lugging around reams of print materials handed out at seminars and presentations, or walking in circles around the venue, unsure where their next session was being held. Then there were those surprised to hear post-event that they'd missed a great special valid only on the day, or struggling to get in touch with an exhibitor whose wares had caught their attention but whose business card they'd misplaced. The idea nagged at him until he paid it enough attention for it to germinate properly into a concept, and then, with the help of a tech incubator, BizSpark, into a business: AppYourEvent (AYE). "I always knew I wanted to start a company in the tech space," says Lysko, who has always found the tech sector intriguing. He launched AYE in 2014, though its beginnings were humble, as he could only dedicate time outside of his 8-5 job to the business. His first client was HobbyX, an annual craft and hobby expo that attracts 30 000 attendees, and which he secured through a personal connection. "They were looking for a solution because they wanted to do away with all the print material," explains Lysko. "They could see the trend was there for such a solution." Lysko used HobbyX's database to conduct a survey, asking customers about the pain points they experienced or what features would be useful should HobbyX put together an app for their event. Based on the results of this market research he then developed an app prototype. After the event he dissected the data and tweaked the app accordingly. "It was a great learning experience," he says. "There was about a 30% change." A year later AYE had become busy enough that Lysko left his full-time employment to focus on the company. He bootstrapped it entirely, investing everything he had into the fledgling business. But it paid off, and in little over six months AYE's staff contingent had grown from Lysko alone to six staffers on the payroll. Better still, AYE has already been used at events in 15 countries, and has several high-profile clients on its books, including Sage Pastel, The Rockefeller Foundation, Smart Procurement, and Oracle. While the app was not an entrant in the awards, Lysko and his team were nominated to create the app for the MTN App of the Year awards. "That was a big milestone," he says. Lysko believes the tech has been quite disruptive to the event space. "In the sense that your traditional marketing methods have been changed with this app because you’re alerting users to personalised messages or notifications," he says. Rather that printing out stacks of bulk material for attendees, all the info they need it accessible literally at their fingertips. Better yet, the generated data is incredibly useful for planning of future events, debriefing of past events, or reporting back to sponsors, partners or other event role players. "With the app you are able to say to a client, 'your sponsorship banner received x number of views or taps'," Lysko explains. "So you can give real ROI to sponsors." For users, the uses are myriad, and can be enjoyed at the event as well as before and after. Attendees who download the app ahead of the event can connect with and communicate with other attendees ahead of time, scheduling networking sessions if they so choose or simply exchanging information. They can introduce themselves ahead of time to a speaker or person of importance they might like to meet on the day. And, because the programme for the event is live through the app, any updates, changes and reminders are in real-time, and users can access details of planned presentations, participate in live polls or surveys, or peruse available reading material ahead of a session they might be attending. As with many businesses, there have been some small hiccups along the way. "Getting people to buy into the idea initially was quite a challenge," Lysko says. "There were clients but they were hesitant." It also took some time getting acquainted with the rules and regulations of the Google and Apple app stores, in order to get each app onto the platform for download. "Learning about those submissions and processes was challenging at first, but now I've got a good relationship with them," Lysko says. Each app for each client gets put through this same process before it is made available on the app stores. Thus far, AYE has published close on 35 full apps and 40-plus prototypes, though Lysko anticipates this number will continue to grow, and quickly too.

As growth in SA slows, Santam looks to new markets

Santam, a short-term insurer, intends to concentrate on growing its business in the rest of Africa and Southeast Asia, as low GDP growth in its home market of South Africa translates into minimal growth in insurable assets.

KPMG identifies top influences of FDI into Africa

A recent KPMG analysis of the factors that attract investors in Africa shows that corruption, poor infrastructure and onerous business conditions do not, in fact, scare off investors, provided the mineral, oil or gas resources are sufficiently attractive in the context of global demand.

Gov should help black investors to buy Barclays Africa, says Vusi Thembekwayo

The decision of Barclays Plc to sell down its 62.3% interest in Barclays Africa could be great for the African continent, says entrepreneur and investor Vusi Thembekwayo. He says the “South African government should step in” and create an opportunity for “a cohort of black investors that are pro-development and behind the National Development Plan”.

Brian Joffe, Bidvest Group CEO, to step down

Brian Joffe (pictured), long-time group CEO and founder of Johannesburg-based Bidvest, plans to step down from his executive role and move instead to a director role dealing with strategic issues. Lindsay Ralphs, currently CEO of the company’s South African unit, will take over from him.

Newsletter: 5 ways CFOs can save costs on legal services | Barclays to leave Africa | CFOs now need to look beyond survival

CFO South Africa Newsletter | Thursday 3 March Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Jo Pohl (Telesure): risk should be a competitive advantage What does it mean for a CFO to move jobs and industries? How can you benefit most from the window of opportunity in the first 100 days? How do you quickly find colleagues you can trust? We ask these and other questions in a candid interview with Jo Pohl, an early supporter of CFO South Africa who moved from Standard Chartered Bank to insurance group Telesure in October 2015. “I can’t wait to go to work every day.” CFO Awards: recognising CFOs as leaders, strategists and drivers of... Professors Wiseman Nkuhlu and Mervyn King will be among the most eminent of guests at this year’s CFO Awards – an annual event that has quickly established its status as South Africa’s finance Oscars. This year's edition on 12 May at the elegant Summer Place in Hyde Park promises to be bigger, bolder and better than ever. 5 ways CFOs can save costs on legal services - by Yvonne Wakefield As budgets are reviewed and department heads pressed to justify their spend, Heads of Legal or General Counsels (GCs*) shouldn’t be spared. Legal spend is one budgetary item that need not be as high as it often is. Discerning GCs have their ears to the ground and are aware of the increasing number of cost-saving tools and service providers specifically positioned to help them achieve their goals. Read more exclusive articles on CFO.co.za - CFOs now need to look beyond survival, says KPMG's Alwyn van der Lith - FinTech Africa event: fascinating insights in #blockchain at Barcla... - JSE reports excellent results for 2015 - Barclays to leave Africa - Blue Label Telecoms and Cell C deal near conclusion - Massmart CFO, confirms retailer is making greater moves into Africa - MTN pays Nigerian government R3.8 billion and withdraws court case - Goodwell Investments acquires minority stake in Musoni Services Joint the next CFO Event "Moving into Africa" Wednesday 16 March 17.00 - 20.00 - Standard Bank, Rosebank We invite you to join us for the CFO South Africa event Moving into Africa - Fit to compete or last over the line? In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join CFOs and Africa specialists discussing what really works around talent development to accelerate your business’ potential. Hear how institutional knowledge is being backed up with smart platforms and local insights. Being fit enough is about having a plan and building incrementally - don’t get left behind! Program 17.00 Opening & Reception 17.30 Master Class - Fit to compete or last over the line? 17.40 Panel debate - Building from the ground up. 18.00 Executive hiring - trends in Africa. (Spencer Stuart) 18.10 Panel debate - Local know how is more important than institutional or corporate knowledge. 18.30 Combining talent and knowledge for business - what does the future hold? (Thomson Reuters) 18.45 Closing comments CFO Panel: Greg Davis (CFO Rest of Africa, Standard Bank) Mohammed Abdool-Samad (CFO, Illovo Sugar) Alexander Visser (CFO Philips Africa) 19.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Also read more about the call for speakers. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

JSE reports excellent results for 2015

The Johannesburg Stock Exchange (JSE) delivered an excellent financial performance in 2015, with group earnings after tax increasing by 42% to R899 million (2014 – R634 million).

CFO Awards: recognising CFOs as leaders, strategists and drivers of change

Professors Wiseman Nkuhlu and Mervyn King will be among the most eminent of guests at this year’s CFO Awards – an annual event that has quickly established its status as South Africa’s finance Oscars. This year's edition on 12 May at the elegant Summer Place in Hyde Park promises to be bigger, bolder and better than ever.

Barclays to leave Africa

British bank Barclays has announced plans to gradually reduce its majority stake in the group's African unit due to net losses having more than doubled last year.

Blue Label Telecoms and Cell C deal near conclusion

According to Blue Label Telecoms, which is currently buying a 35% stake in telecoms provider Cell C, the effective date of the transaction is set at 1 June 2016. Brett Levy (pictured), Blue Label joint-CEO, has said that while a few hurdles still lie ahead, things are otherwise "looking positive" for the transaction.

5 ways CFOs can save costs on legal services - by Yvonne Wakefield

As budgets are reviewed and department heads pressed to justify their spend, Heads of Legal or General Counsels (GCs*) shouldn’t be spared. Legal spend is one budgetary item that need not be as high as it often is. Discerning GCs have their ears to the ground and are aware of the increasing number of cost-saving tools and service providers specifically positioned to help them achieve their goals.

Massmart CFO, confirms retailer is making greater moves into Africa

South Africa's current economic and retail situation has prompted Massmart to look for more opportunities in Sub-Saharan Africa. Through its Game, Builders Warehouse and DionWired brands the retailer already has exposure to markets including Botswana, Kenya, Nigeria, Mozambique and Zambia. Massmart grew total sales by 8.4% to R84.7 billion for the year to 27 December 2015 and reported growth of 6.7% in comparable stores, while gross margins grew to 18.9%, compared with 18.6% in the previous year. For the period under review Massmart opened five stores outside South Africa, raising its total number of stores to 38. The retailer plans to open a further five stories outside South Africa over the next two years. Johannes van Lierop, Massmart CFO, was quoted in the media as saying that the recently opened stores would boost the company’s full year 2016 results. However, the retailer has said it sees the pace of expansion into the continent as moderate and measured. Van Lierop said:

MTN pays Nigerian government R3.8 billion and withdraws court case

MTN, as a sign of good faith and without prejudice, has paid the Federal Government of Nigerian some R3.8 billion and also dropped the court case against the government. This in the hopes that a settlement can be reached over the telecoms provider's R60 billion fine.

Goodwell Investments acquires minority stake in Musoni Services

Goodwell Investments, a company which provides early stage growth capital, has acquired a significant minority stake in Musoni Services, a Dutch micro-finance software company that supports micro-finance institutions (MFIs) with its cloud-based core banking software.

FinTech Africa event: fascinating insights in #blockchain at Barclays Rise

A Dutch “prophet of the future", a forward-thinking Barclays boss and a group of amazing South African FinTech pioneers engaged in some intriguing discussions and short presentations during FinTech Africa’s Blockchain event in Cape Town on 25 February 2016. The gathering of around 80 FinTech professionals and enthusiasts was hosted at the marvelous Rise innovation hub of Barclays Africa at the Bandwidth Barn in Woodstock.

CFOs now need to look beyond survival, says KPMG's Alwyn van der Lith

Times have been tough the last two years in the mining and oil & gas industries, and many CFOs are struggling to get out of survival mode, says KPMG partner and experienced industry expert Alwyn van der Lith. “Great CFOs and their teams now need to look beyond survival and focus on growth, expansion and acquisition that will follow the survival phase. It is a given that CFOs are looked at to maintain controls throughout all the other challenges, with less people and less expenditure on systems and process. In addition, the CEOs are looking for more strategic thinking in CFOs. A challenge indeed.”

Old Mutual sells its stake in Rogge Global Partners

Old Mutual recently sold all of its shares in Rogge Global Partners to investment manager Allianz Global Investors for an undisclosed sum, leaving it with just two fixed-income businesses.

Newsletter: Processes and tech key at CFO Event | Agile teams crucial for CFOs | Blockchain will revolutionise business

CFO South Africa Newsletter | Thursday 25 February Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles People, processes and tech key at vibrant Get Smart in 2016 event People, processes and technology took centre stage during an incredibly well-attended CFO event on 23 February 2016 at Summer Place in Hyde Park, Johannesburg. Thanks to the expert contribution of partners WNS, Oracle and KPMG, CFOs received updates on the latest and greatest in business process outsourcing and cloud computing, but also got to discuss the human side of it. Agile teams crucial for CFOs, says Discovery's Terrence Taylor "Being agile requires openness, the reservation of judgement and the ability to turn on a dime," says Terrence Taylor, General Manager: Talent, Analytics, Leadership and Learning at Discovery. Taylor will be giving a keynote address at the upcoming Get Smart event, which will be held on 23 February at Summer Place in Hyde Park. You need people with a cosmopolitan outlook, an open mindset and an eclectic set of experiences, he adds, and a leader who is comfortable sharing leadership and power. Blockchain will revolutionise business, says Bankymoon CEO Lorien G... "Blockchain is going to be a massive disruptive force. This is the next revolution, the next Internet, if you like. It is not an understatement to declare that a new technological revolution is upon us," says Lorien Gamaroff, founder and CEO of Bankymoon, a software company focusing on Blockchain technologies. Gamaroff will be one of the speakers at the much-anticipated FinTech Africa Blockchain Event, taking place on 25 February in Cape Town. Read more exclusive articles on CFO.co.za - The new public sector CFO: agile, empowered, customer-centric - How can finance contribute to agility? Standard Bank Investment Ban... - A tax hike would be good for SA,says Old Mutual's Johann Els - RMB's Africa Outlook 2016 – investors more discriminating - MTN expects full-year earnings to drop by 20% - Rand continues to strengthen against dollar - Moody's downgrades Anglo American to "junk" - Harmony Gold CEO Peter Steenkamp: no debt by end 2016 Joint the next CFO Event "Moving into Africa" Wednesday 16 March 17.00 - 20.00 - Standard Bank, Rosebank We invite you to join us for the CFO South Africa event Moving into Africa - Fit to compete or last over the line? In 2016 your competitive advantage in Africa will be defined by whether you have clear and simple strategies for people and knowledge. Local know-how and insights are key and our CFO panel members have learned many fundamental lessons on their way to building successful businesses in Africa. Join CFOs and Africa specialists discussing what really works around talent development to accelerate your business’ potential. Hear how institutional knowledge is being backed up with smart platforms and local insights. Being fit enough is about having a plan and building incrementally - don’t get left behind! Program 17.00 Opening & Reception 17.30 Master Class - Fit to compete or last over the line? 17.40 Panel debate - Building from the ground up. 18.00 Executive hiring - trends in Africa. (Spencer Stuart) 18.10 Panel debate - Local know how is more important than institutional or corporate knowledge. 18.30 Combining talent and knowledge for business - what does the future hold? (Thomson Reuters) 18.45 Closing comments CFO Panel: Greg Davis (CFO Rest of Africa, Standard Bank) Mohammed Abdool-Samad (CFO, Illovo Sugar) Alexander Visser (CFO Philips Africa) 19.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP now here. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Also read more about the call for speakers. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

The new public sector CFO: agile, empowered, customer-centric

Agility, customer-centricity and changing the way people see the public sector CFO were the central themes dominating the CFO public sector round table, held on 23 February 2016 at Summer Place in Hyde Park, Johannesburg. Moderated by Terrence Taylor, General Manager: Talent, Analytics, Leadership and Learning at Discovery, key speakers included Quentin Green, City Power CFO and Edson Magondo, Head of Public Sector KPMG, though the lively discussion elicited comment from nearly all attendees.

People, processes and tech key at vibrant Get Smart in 2016 event

People, processes and technology took centre stage during an incredibly well-attended CFO event on 23 February 2016 at Summer Place in Hyde Park, Johannesburg. Thanks to the expert contribution of partners WNS, Oracle and KPMG, CFOs received updates on the latest and greatest in business process outsourcing and cloud computing, but also got to discuss the human side of it.

A tax hike would be good for SA,says Old Mutual's Johann Els

National Treasury will have to increase taxes even more significantly this year than in previous years, as a ratings downgrade looms, the rand falls and inflation climbs. Unfortunately, consumers stand to bear the brunt of this.

RMB's Africa Outlook 2016 - investors more discriminating

In 2016 investors are even more likely to scrutinise the effectiveness of domestic policies, the strength of governance, the sensitivity to commodities price trends and the sustainability of debt burdens. In this fourth part of RMB's Africa outlook 2016, authors Celeste Fauconnier, Nema Ramkhelawan-Bhana and Neville Mandimika look at the financial markets, Eurobonds and currency risk, as financial markets are becoming more skilled at mitigating the unusual risks presented by African currencies.

MTN expects full-year earnings to drop by 20%

MTN has issued a trading statement warning that it anticipates a 20 percent drop in headline earnings for the full year ending December 2015. The telecoms provider cited the company's performance in Nigeria as the main reason for the decline.

Moody's downgrades Anglo American to `junk`

Moody’s Investor Service has downgraded Anglo American Plc’s debt to "junk", citing a deterioration in commodities market conditions and doubts over how long it would take the company to reduce debt levels as reasons for the change. Moody’s said in a statement:

Blockchain will revolutionise business, says Bankymoon CEO Lorien Gamaroff

"Blockchain is going to be a massive disruptive force. This is the next revolution, the next Internet, if you like. It is not an understatement to declare that a new technological revolution is upon us," says Lorien Gamaroff, founder and CEO of Bankymoon, a software company focusing on Blockchain technologies. Gamaroff will be one of the speakers at the much-anticipated FinTech Africa Blockchain Event, taking place on 25 February in Cape Town.

Agile teams crucial for CFOs, says Discovery's Terrence Taylor #GetSmart2016

"Being agile requires openness, the reservation of judgement and the ability to turn on a dime," says Terrence Taylor, General Manager: Talent, Analytics, Leadership and Learning at Discovery. Taylor will be giving a keynote address at the upcoming Get Smart event, which will be held on 23 February at Summer Place in Hyde Park. You need people with a cosmopolitan outlook, an open mindset and an eclectic set of experiences, he adds, and a leader who is comfortable sharing leadership and power.

Harmony Gold CEO Peter Steenkamp: no debt by end 2016

According to Peter Steenkamp (pictured), CEO of Harmony Gold, the company intends to do away with its debt by the end of this year. Steenkamp was appointed CEO effective 1 January 2016, following Graham Briggs' retirement.

Newsletter: Join CFO Event Get Smart in 2016 | Arno Daehnke appointed CFO Standard Bank |

CFO South Africa Newsletter | Thursday 18 February Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles International investors are eyeing African healthcare, says KPMG's ... While money is increasingly flowing into Africa for private healthcare initiatives and South Africa is embarking on the rollout of the National Health Insurance (NHI) system, there is a high demand for multi-skilled finance leaders to deal with that inflow. “We need a whole generation of multi-skilled, passionate people with an interest in healthcare,” says Dr Anuschka Coovadia, head of Healthcare Africa for KPMG. Richemont CFO and Old Mutual FD among SA's best paid execs Following the release at end 2015 of the Sunday Times' list of SA's wealthiest businessmen comes Business Tech's list of SA's best paid execs and SA's top earning bankers. Richemont CFO Gary Saage was fifth on the list of best paid execs, while Old Mutual's FD Ingrid Johnson was second on the top earning bankers list. Anbann Chetti, CFO Nedbank Wealth: “Stand out from the rest” A focus on people and communication has been instrumental during the first 100 days as CFO of Nedbank Wealth, says Anbann Chetti, who last year was promoted from his previous role as Nedbank – Corporate Banking CFO. “The move has been phenomenal and the learning has been fantastic.” Read more exclusive articles on CFO.co.za - Super Group announces 21% profit increase - KPMG scoops Reporting Accountants awards at DealMakers Gala - Gold Brands Limited lists on the JSE - Dean Subramanian, ArcelorMittal CFO, appointed Acting CEO - RMB's Africa Outlook 2016 – fiscal indiscipline weakens policy effects - EY: Distress and divestments to dominate mining deals in 2016 - Arno Daehnke appointed group FD for Standard Bank RSVP CFO Event "Get Smart in 2016" Tuesday 23 February 16.00 - 20.00 - Summer Place - Sandton We invite you to join us for the CFO South Africa event Get Smart in 2016 - Move like a butterfly - sting like a bee. How can we improve the agility and resilience of your organisation in volatile and uncertain times? How do you create flexibility and ensure your scarce resources are allocated to the most critical tasks? Join us as we consider the options available to CFOs in creating agile, flexible and responsive finance functions and organisations. Finance functions that are 2016 and 2017 ready and are able to deliver superior value to the business. Program 16.00 Opening & Reception 16.30 Master Class - Move like a butterfly, sting like a bee Do you sometimes wish you could be as fast and flexible as a startup? Without losing the strength and stability of a well established corporate? Let’s investigate and discuss if and how we can make this possible! The answer should be somewhere in the way we align our People, Process and Technology. Some questions to consider: Is BPO the answer to flexibility? It might offer us the solutions to time, accuracy, transparency and business partnering challenges. What about the possibilities of new technologies like cloud solutions? Or is the answer in the way we manage people? Speakers: - Krishnan Raghunathan, Group Chief Capability Officer WNS - Bikash Prasad, CFO Africa Olam International - Sean Doherty, CFO Investment Bank, Standard Bank - Dee Houchen, Oracle, Senior Principal Product Marketing Director - ERP - Alida Taylor, Partner KPMG - Terrence Taylor, General Manager Talent, Leadership and Learning, Discovery 16.30 Public Sector round table smart government Being able to provide an outstanding service and experience to citizens is an important task for governments around the world. Not only does it make for happy citizens but it also saves costs, time and improves the morale of civil servants. Restoring citizens' confidence in public institutions means demonstrating competence in providing better value for their hard-earned tax money. What can finance teams in government do to improve agility and customer focus? How can you allocate scarce resources to ensure critical tasks are assured but your organisation remains forward looking and customer centric. Facilitated by KPMG - with Quentin Green, CFO City Power, Irene Singo, CFO Department of Mineral Resources and Edson Magondo, Director KPMG. 18.00 CFO Café Interact, learn, connect and discuss the challenges that you are facing with your peers over a drink at the CFO Café. Build your network and meet other top CFOs and financials. We offer you a great afternoon of peer to peer discussions and knowledge sharing. Register here now. Sponsors CFO South Africa Event: Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Sign up for the next Fintech Event in Cape Town - 25 Feb Fuelled by stellar investments the biggest ever disruption in finance - blockchain - finally breaks through. Scaring the crap out of leading IT suppliers and financial institutions. The blockchain has limitless potential to disrupt and to bring prosperity. How will the blockchain technology change finance and accounting in Africa? Why are so many financial institutions investing in the blockchain technology? Who is afraid? These are the questions that will be discussed and answered during the Fintech Africa Blockchain Event hosted by Barclays Africa at the Barclays Accelerator in Woodstock. ?100 insiders, experts, startups and investors will discuss the developments and challenges for the blockchain in Africa. Several FinTech companies present themselves. Get inspired, extend your network and develop business. Program: 15.30 Welcome and introduction By Graham Fehrsen, Managing Director FinTech Africa and CFO South Africa 16.00 - 17.00 Blockchain: scaring the crap out of leading IT suppliers and financial institutions Keynote by Martijn Aslander, international speaker. We we are in a new age of innovation. Everything will be better, cheaper and faster. Banking too. Blockchain scares leading IT-providers and banks the crap. Banks fear for their future. 17.00 - 18.00 Blockchain = Ubuntu Panel discussion with experts about the blockchain. With Brett Loubser, Head of WeChat Africa. WeChat has recently entered into the digital wallet and has partnered with a financial institution that has invested into their blockchain technology. With Lorien Gamaroff, CEO and founder of Bankymoon, a South African FinTech startup which is focused on providing blockchain-based solutions. With Martijn Aslander, guru. Expert speaker from Barclays to be announced. 18.00 - 20.00 Closing thoughts, drinks & networking Wrap up and closing comments by Graham Fehrsen, MD of CFO South Africa and FinTech South Africa. If you're interested to profile your business at this event please contact: Graham Fehrsen, Managing Director FinTech Africa, [email protected] or at +27 (0)79 898 0227. Join the next Fintech event at the Barclays Accelerator in Cape Town and register now for Tuesday 25 February - 15.30 - 20.00. The FinTech Africa Blockchain event is supported by Barclays and Rise, the physical and virtual global community that facilitates collaboration and fintech innovation. Visit Finance Indaba Africa Visit the Finance Indaba 13 & 14 October at the Sandton Convention Centre and boost your profits by 100%. Finance Indaba Africa is the biggest annual expo and conference for finance professionals. It brings together peers technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. Over 5,000 visitors tap into a wealth of resources, knowhow and inspiration. Gain unparalleled insights. Cut costs dramatically, send sales & productivity through the roof and boost your company's profits by 100 percent. RSVP NOW HERE. We are calling for speakers Are you enabling businesses to cut costs, boost sales, productivity and company profits? Don't miss out the chance to connect with new prospects, to brand your company and to become more successful. Share your ideas at the Finance Indaba and help the country grow. Please contact Graham Fehrsen at [email protected] or at +27 11 083 7515. Also read more about the call for speakers. Diamond Partners http://static.financieel-management.nl/img/pictures/110412.jpg" width="500" /> CFO Awards 2016 - Reserve your table now Buy a table for the CFO Awards and meet 300 of South Africa's leading CFOs. Demonstrate thought leadership, extend your network and develop business. You are seated with CFOs and finance directors from the top companies of South Africa. You are also more than welcome to join the CFO Conference preceding the CFO Awards dinner with your colleagues. Join us Thursday 12 May 2016 at the beautiful Summer Place. Don't wait too long, first come, first served. Become a partner or attend with your finance team and buy a table here. For more information have a look at CFOAwards.co.za. Partners CFO Awards 2016 Join the ultimate peer to peer advisory network Various CFOs and finance directors from Eskom, Nedbank, Transnet, Alexander Forbes Standard Charered Bank, Hollard, Absa, Servest, Business Connexion and Super Group are members of CFO South Africa. Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership page for more information here. Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and boost your company, network, career and knowledge. CFO South Africa Events in 2016 Feb 23 Johannesburg | Get Smart in 2016 Mar 16 Johannesburg | Moving into Africa in 2016 Apr 6 Johannesburg | Capital & Finance May 12 Johannesburg | CFO Awards 2016 Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected]. Stay connected with CFO South Africa Follow CFO South Africa on Twitter, LinkedIn and Facebook Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica, LinkedIn and Facebook. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Graham Fehrsen Managing Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa"

Super Group announces 21% profit increase

Super Group, the listed transport logistics and mobility group whose finance division is headed up by CFO Colin Brown (pictured), also a CFO Awards winner, has grown headline earnings by 21.2 percent a share in the six months to December.

KPMG scoops Reporting Accountants awards at DealMakers Gala

Professional services firm KPMG won both Reporting Accountants awards during the 15th annual DealMakers Gala Awards Banquet on 16 February at the Sandton Convention Centre. A broadly smiling CFO South Africa MD Graham Fehrsen handed the two prizes (Deal Flow & Deal Value) to KPMG's Corporate Finance MD John Geel, in the presence of DealMakers director Marylou Greig.

Gold Brands Limited lists on the JSE

Gold Brands Limited listed on the Johannesburg Stock Exchange on Friday 12 February, making it the third company to list on the JSE this year and the second company to list on the AltX board. Praxia Nathanael, CEO Gold Brands Investment, said the listing adds value to Gold Brands' proposition to its franchise owner-operators, its BEE partners and staff, and prospective future partners.

Anbann Chetti, CFO Nedbank Wealth: "Stand out from the rest"

A focus on people and communication has been instrumental during the first 100 days as CFO of Nedbank Wealth, says Anbann Chetti, who last year was promoted from his previous role as Nedbank – Corporate Banking CFO. “The move has been phenomenal and the learning has been fantastic.”

Dean Subramanian, ArcelorMittal CFO, appointed Acting CEO

Following the resignation of Paul O’Flaherty as CEO and executive director of ArcelorMittal South Africa, company CFO Dean Subramanian (pictured) has been appointed Acting CEO, effective immediately. Gerhard Van Zyl, a senior manager in the finance function, acted as CFO prior to the appointment of Subramanian as CFO, and will again act as CFO until Subramanian resumes his duties here. Van Zyl's appointment is also effective immediately. According to the company - a JSE-listed multinational steel manufacturing corporation company - the recruitment process for a new CEO is already well underway.

RMB's Africa Outlook 2016 - fiscal indiscipline weakens policy effects

In the face of waning economic growth, countercyclical fiscal policies are only viable in countries which boast low levels of public debt like Botswana. In this third part of RMB's Africa outlook 2016, authors Celeste Fauconnier, Nema Ramkhelawan-Bhana and Neville Mandimika look at the fiscal policy across the continent and the tax potential across Sub-Saharan Africa (SSA).

EY: Distress and divestments to dominate mining deals in 2016

According to a recently released report by EY, financial distress among mining and metals companies will shape M&A activity in the sector in 2016. Furthermore, divestments are expected to pick up pace on the back of volatility and uncertainty on the timing of a recovery. Wickus Botha (pictured), EY Africa Mining & Metals Sector Leader, said:

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