André Koekemoer has been appointed CFO of Capital Drilling

Manie Mayman has taken over from Cindy Hess as (acting) CFO of Media24

Rui has been the CFO and an executive director at Dis-Chem Pharmacies since August 2012

In Sierra Leone, three financial technology start-ups are setting out to test new ideas on contributing to the SDGs through greater financial inclusion

The BCX founder joins executive directors Dean Sparrow and Anton Gaylard, co-founders of Crossfin

The industry in Nigeria is being held back by the lack of sound regulation

New York-based Media Development Investment Fund has acquired the Mail & Guardian

Standard Bank has announced that Lungisa Fuzile will be its new CEO as of 15 January 2018

The actions of a few CAs are not a reflection of the entire CA(SA) population, says the AWCA

Moody's believes that Ramaphosa's win as new ANC president is a good start to fighting junk status

Mike Brown, Nedbank CEO, has given Cyril Ramaphosa, new ANC president, his full support

AYO Technology has listed on the Computer Services sector of the main board of the JSE

Steinhoff's supervisory board has nominated Danie van der Merwe as acting CEO

This is the long-serving executive's debut nomination

It is the first move by a bank to outsource the provision of some of its client-facing banking services to a technology platform

Construction firm Murray & Roberts has increased its stake in Bombela to 50%

Motus Corporation CFO Ockert Janse van Rensburg is extremely ambitious - literally - having climbed some of the world's highest mountains

BCX is investing R100 million to grow scarce digital skills in ICT infrastructure and software programming alongside cybersecurity, fintech and artificial intelligence

Sola David-Borha, African Regions boss at Standard Bank, shares her leadership advice

Recent uncertainty at EOH, including a huge drop in share price, prompted ex-CEO Asher Bohbot to return

Fairfax intended to buy a 23 percent stake in PPC for R2 billion, but the deal has fallen through

Sibanye-Stillwater has agreed to buy troubled mining house Lonmin in an all-share deal

Kutana: the deal to buy a 51% stake in Grinaker-LTA fell through because of uncertainty about the unit's performance

Azar Bank will be South Africa's first 100% black-owned digital bank

A deal aimed at helping Aveng become profitable again, by selling a stake in Grinaker-LTA, has been terminated.

CFOs spend two-thirds of their waking hours working, but would prefer if this was much less

Malegapuru Makgoba and Tshepo Mongalo will join the board of struggling, state-owned Eskom

Sola David-Borha moved from Nigeria to Joburg earlier this year to become Standard Bank's CEO for all African regions outside SA.

Nomanini is a South African-based enterprise payments platform provider that optimises transactions in the informal market

Peter has been lauded for his work at the facilities solutions company

Sygnia CEO Magda Wierzycka is a keynote speaker during the star-studded season opener of CFO South Africa and CHRO South Africa on 15 February 2018.

Bitcoin passed $18,000 when it began trading on the Cboe on 10 December, causing excitement in some, angst in others

Viola has announced an initial closing of $100 million toward a target of $120-$150 million, for a new global FinTech fund

Verster takes over from Wim de Klerk, who recently announced that he would be retiring in January 2018

"My pet hate word for 2017 is 'disruptive' - but dare I say it, that's exactly what we are."

New solution aims to facilitate Kenya and its highest rate of mobile payment technology adoption in the world.

These 10 types of innovation will boost your company's business and upend the market in which it operates

The Post Bank should thus become first choice for government and the primary platform for government transactions

The investigation concerns Oakbay, Steinhoff, Vodacom, Famous Brands, Super Group, and WG Wearne

He will, however, remain CFO of Steinhoff, as no wrongdoing has been found

The company was created to address the funding gap left by the formal banking sector and Micro-Finance Institutions in Africa

Deloitte will be the principal sponsor at the 2018 CFO Awards. The firm will also partner with CFO South Africa throughout 2018 to help CFOs boost their knowledge, network and career.

The growth was largely attributed to strong performance by the agricultural, mining and manufacturing sectors

Alexander Forbes posted a positive set of interim results for the six months to end-September, as it continues with the implementation of its much-vaunted turnaround strategy

Alex Smith, Altron CFO, will be leaving his role end February 2018, to instead fill the CFO role at Net1 UEPS Technologies

Deloitte's Sumendra Naidoo unpacks the incoming XBRL requirements

He has been recognised for his efforts in driving finance transformation, African expansion and systems integration at the pharmaceutical multinational

The result is an IT global force that will use data and digital capabilities to empower decision-makers

The new hub aims to further the development and acceleration of firms as well as the interaction between investors, entrepreneurs, government bodies and financial institutions

Team UMCC from the University of Münster, Germany and Team Westville from Westville Boys High, KZN came out tops

The recently appointed public sector CFO is also the winner of the 2017 BWA award in the Government category

Ovamba co-founder Viola Llewellyn has become the first female African tech founder to speak at Slush's Central Stage

Leading neuroscientists, robotics and data scientists share their thoughts on what AI and robotics mean for the continent.

Moody's has placed all global scale ratings assigned to several South African corporates, including two SOEs, under review for downgrade

Brian Joffe's investment firm Long4Life has agreed to buy Cape Town-based Chill Beverages for R452 million

Coal of Africa has replaced CFO De Wet Schutte with Brenda Berlin, Impala Platinum Holdings CFO

South African FinTech startup Fo-Sho has launched a product aimed at making short-term insurance with long-term benefits via self-insurance widely accessible

The two retail businesses will also be merged into one, reporting into MMI deputy group CEO, Mary Vilakazi (pictured)

Nigerian and Kenyan FinTechs have made the prestigious list of 50 emerging companies in the sector

Listed distribution and industrial brand management company Barloworld maintained its revenue and operating profit levels from continuing operations

As of 1 December 2017, Makwana takes over from Gavin Dalgleish as Illovo Sugar South Africa chairman of the Board

The deputy CE shares his thoughts on technology, integrity, and the crucial role of the CFO in business and in nation building

FNB retained its Incumbent Bank title at the African FinTech Awards 2017

Wayne has completed a trifecta of nominations, after also receiving recognition in 2017 and 2016

The independent companies have applied to the Competition Commission for approval to unite under the umbrella of the Airlink group of companies

Ovamba has facilitated a large-scale cocoa distribution deal

Show your team how much you value them and they'll go above and beyond, the finance head says.

South African born and educated William Etzine recently joined Trump Hotels to head up their finance department

UK FinTech Glint has launched a service which enables customers to own portions of gold bars and make payments using the bars

Three of Glencore's directors, including CFO Steve Kalmin, to serve on the board of subsidiary company, Katanga Mining

Prof Woolard is the first woman to lead the university's faculty of economic and management sciences

Pieter van Buuren has resigned as York Timber CFO, with Gerald Stoltz filling the position in an acting capacity

A new EY survey shows that more than one-half of financial executives globally intend to pursue acquisitions in the coming year

The two companies have join forces to stir micro-enterprise growth

As of end February, 2018 Berlin will no longer head up Impala Platinum's finance division

The University of Pretoria graduate has been recognised for his sterling work at the municipality

Kentin Welgemoed has been appointed CEO of JSE-listed Spanjaard

Standard Bank operates with a model that lists five value drivers. And financial outcomes are not even number 1, 2 or 3.

Bidvest Group's banking unit has agreed to buy Hermanus-based FinGlobal for an as-yet-undisclosed sum.

We talk to Lushen Pather, who recently announced a move to SARB, about his time as Sasfin CFO.

Cooper Tire & Rubber Co. has named Joubert a director of the company, effective immediately.

Naspers has announced that it has appointed Calvo Mawela as the new CEO of Multichoice South Africa

Bytes Document Solutions (BDS) has appointed Vivek Venkatkumar CA(SA) as its new financial director.

TFG expands its portfolio through acquisitions

Josef Langerman, Group Head: Software Engineering and Organisational Change, talks about new ways of working at scale.

Finance executives who flocked to the last CFO Summit of year in Johannesburg were treated to exclusive insights from Standard Bank's 'super economist' and treated to a thought-provoking panel discussion with business leaders.

Law firm Bowmans has appointed the highly experienced Jo-Ann Pohl as CFO.

Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, has issued a $150 million convertible bond on the London Stock Exchange’s new International Securities Market (ISM).

The second Singapore FinTech Festival began this week, featuring over 25 000 participants from over 100 countries and more than 160 leaders from central banks and regulatory agencies, financial institutions, venture capital firms and fintech companies taking to the podium.

“Ever since I can remember, I’ve had a strong drive to succeed. My father also taught me something at a very young age: ‘Don’t do something unless you’re intending to do it exceptionally well’. I still live by this,” says Liaan Kretzschmar, CFO/FD of Jaguar Land Rover South Africa and Sub-Sahara Africa.

BDO South Africa will be merging with the Cape Town and Port Elizabeth offices of Grant Thornton, effective 1 March 2018.

Do you want to keep up to date with the latest developments in finance, but you are short of time? Don’t worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

Nigerian online payments provider Amplify has partnered with banks in the West African nation to let clients conduct transactions via WhatsApp, Facebook Messenger and other social messaging platforms through its innovative mTransfers solution. It will be launched before the end of 2017. Amplify helps businesses accept recurring payments online within minutes from customers in over 100 countries. It plans to bring banks closer to a new generation of social media-savvy clients and provide consumers with a more convenient way of banking. “Social and messaging apps are six of the 10 most popular mobile applications across platforms in Africa. We believe that vibrant and digitally savvy consumers want financial services to meet them where they are, in the channels and platforms they use,” said CEO Segun Adeyemi. “We have built mTransfers to empower banks and other financial institutions to blend their payment process into the everyday lives of their customers and provide an engaging user experience for them,” said Maxwell Obi, the startup’s chief technology officer.

Any business that doesn’t make a shift towards digital is ultimately staring down the barrel of redundancy, says world-of-work guru Raymond de Villiers of TomorrowToday Global. CFOs are key enablers of the decisions that need to be made to make this change, Raymond said, before unpacking eight future-proof elements of successful business models.

Afrimat Limited this week listed on A2X Markets (A2X), South Africa’s newest stock exchange, which began trading on 6 October 2017. Afrimat joins African Rainbow Capital Investments, Peregrine Holdings, and Coronation Fund Managers, all of which are already listed on the exchange.

Chinese vehicle manufacturer, Beijing Automotive Group South Africa (BAIC SA) has appointed Batandwa Mdyesha (pictured) as CFO, effective immediately.

4 Africa Exchange Proprietary Limited (4AX), one of only two exchanges in South Africa with a full licence to trade across asset classes, has announced its first listing in the fast-moving consumer goods (FMCG) industry, CA Sales Holdings Limited.

Fica specialist ThisIsMe stormed to victory at the first time of asking in the Innovative Banking category at the African FinTech Awards 2017, hosted at the Finance Indaba Africa at the Sandton Convention Centre in October. The FinTech firm, which has experienced exponential growth over the past year and has already surpassed the notable milestone of one million verifications, also claimed the overall title along with reigning champion Easy Equities.

Globetrotting head of finance Wayne Beifus has left his position at British American Tobacco (BAT) South Africa, after being promoted to head of finance for the West Europe area, based in Paris.

South African FinTech Jumo has secured $24 million in funding into Africa and Asia. London-based Gemcorp Capital and Finnish development finance company Finnfund were the loan providers.

Cabinet has approved the National Minimum Wage Bill, and draft legislation will now be referred to Parliament for further deliberation. Following this, President Zuma will be required to officially sign it into law.

“Every CFO is now a strategic partner to the organisation and has to be,” says Mgcinisihlalo Jordan, partner and deputy Chief Executive for Deloitte Africa. Better known as Sihlalo, the former leader of the firm’s financial services practice in Africa has an astute understanding of what should be expected of modern finance leaders. CFOs should champion the rise of disruptive technologies within their organisations, he said during an exclusive interview with CFO South Africa, where he also spoke about finance leaders’ responsibility to promote an aligned strategy, future-focussed technology and shining integrity.

In the current environment of global competition, sub-optimal growth, technology disruption, and political uncertainty, South African companies are finding it challenging to put an effective business strategy in place. But what can be done to address this need for planning that remains fundamental to success?

Lushen Pather has been appointed as Divisional Head: Bank Supervision at the South African Reserve Bank (SARB), starting on 1 January 2018. He was Sasfin’s chief financial officer and as acting group FD was slated to take over the reins from his long-serving predecessor Tyrone Soondarjee.

After the incredible success of this year’s African FinTech Awards, the annual pitching and prize-giving extravaganza is expected to outdo itself yet again in 2018. Judges for the awards event gathered for a scrumptious breakfast on 7 November to discuss some of the event’s most exciting additions, tweaks and extras.

There is a lot at stake right now and your career and your business require that you make smart choices if you want to effectively navigate your way into 2018. And smart choices start with good information. The final CFO Summit of the year features boasts peer-to-peer learning and debates, plus exclusive insights on South Africa’s economic and political future from leading economist Goolam Ballim (Standard Bank), ZAR X CEO Etienne Nel and Deloitte's deputy CEO Mgcinisihlalo Jordan.

Monetary Authority of Singapore MD Ravi Menon has warned investors to be wary of peer-to-peer lending platforms and cryptocurrencies such as Bitcoin, according to Bloomberg.

A 2016 SAICA Top 35-under-35 finalist, Chantelle Loots, CFO of Bombela Concession Company, says she feels fortunate to be a part of a young group of "fantastic CAs" in South Africa who are leading the way to the future.

Former KPMG chairman Ahmed Jaffer, who resigned amidst the Gupta-linked upheaval at the firm, has been appointed as group CFO of Crestar Printers and Publishers, a Centurion-based business run by his children Ikraam and Salahhuddeen.

Do you want to keep up to date with the latest developments in finance, but you are short of time? Don’t worry. CFO South Africa weekly collects 10 of the most important articles from international media for your convenience.

Venture capital firm Village Capital has partnered with US payment platform PayPal to launch a three-month investment readiness programme Village Capital FinTech Africa, which will see two early-stage African startups walking away with $50 000 in investment funding. Applications to the programme opened last week and will close on 24 November.

The responsibility of Group Head of Trade is both humbling and exciting, says Vinod Madhavan, whose career has taken him across Africa and Asia (living and working in India, Singapore and South Africa). “It affords an opportunity to work in the intersection of my passion and desire to contribute to achieving Standard Bank’s social, economic and environmental (SEE) outcomes.” Vinod says his experience of engaging customers across 25 countries has afforded him the opportunity to learn from the experiences in offering trade and working capital financing solutions to clients in institutional, corporate, commercial and business banking client segments.

Leading governance expert Claudelle von Eck will be one of five members of SAICA's independent inquiry into allegations that former or current employees of KPMG have engaged in conduct which is in contravention of the SAICA Code of Professional Conduct.

Diversified retail group TFG has announced a record turnover of R12,5 billion (interim results to end-September), reflecting 9.2% growth. This despite difficult economic and political conditions in South Africa and the United Kingdom, two of the three major economies in which it trades.

According to Stefan Joselowitz (pictured), CEO of MiX Telematics, a leading global provider of fleet and mobile asset management solutions delivered as Software-as-a-Service (SaaS), the company has seen good results in the second quarter and first half of fiscal 2018.

During a riveting Sage event, finance and IT leaders were entertained, educated and inspired by two of Cape Town’s most knowledgeable CFOs and South Africa’s number one Internet of Things (IoT) expert.

Java Capital Holdings has been approved as an issuer agent/ sponsor to 4 Africa Exchange (4AX).

The Bill & Melinda Gates Foundation has released a new open-source software for creating payment platforms that will help unbanked people around the world access digital financial services. The software is designed to provide a reference model for payment interoperability between banks and other providers across a country’s economy. It is available now, free-of-cost, for software developers to adapt and banks, financial service providers and companies to implement. Information on the code can be found at mojaloop.io.

For the fifth year in a row, Investec has been named the best private bank and wealth manager in South Africa at the Global Private Banking Awards in the UK.

Four black-owned South African financial services start-ups each won R1 million on Monday night at a pitching event hosted by AlphaCode, a club for next-generation FinTech entrepreneurs backed by RMI Holdings.