KPMG

KPMG is a professional services company and one of the Big Four auditors.

Articles

04 July 2016

What #Brexit means for SA businesses - KPMG Chief Economist Lullu Krugel

South African export businesses in the machinery, vehicle manufacturing and platinum industries could be heavily impacted by the British withdrawal from the European Union (Brexit). So writes Lullu Krugel*, Chief Economist at KPMG South Africa, in an exclusive analysis for CFO.co.za. South African businesses also might have to consider moving their European offices from London to elsewhere in Europe to keep access to the EU Single Market. Ireland anyone?

10 June 2016

KPMG's Gavin Maile: Fit to function

“If you are not active and reasonably fit, you cannot perform to the level that is expected of you as a top executive” says KPMG partner Gavin Maile. In this exclusive interview, Gavin reveals why he become an accountant, the challenges KPMG South Africa faced with the acquisition of the assets of Arthur Andersen in 2001, and what qualities a good CFO should have. Gavin heads the teams that services the automotive and construction industries in South Africa and candidly discussed the challenges they face in 2016. It might be an exaggeration to say that Gavin eats Comrades marathons for breakfast, but it is not far off the truth. He gets up at 5:15am most mornings to run or cycle, and has, over the years, completed 27 Two Oceans Ultra marathons, 11 Comrades marathons and 15 Cape Town cycle tours – among many other sporting exploits.

26 May 2016

Meet Dumisani Dlamini (NAC), Young CFO of the Year 2016

“To god be the glory. I don’t even have a speech, this is so unexpected,” said Dumisani Dlamini, CFO of the National Arts Council (NAC) of South Africa, and winner of two awards at the recent CFO Awards 2016, Young CFO of the Year (for finance leaders aged 40 or below) and Public Sector CFO of the Year. “This is to say to every black child, girl or boy, you can make it! This goes to all CFOS in government who are under political pressure or who are in a difficult environment – this is for you!"

12 May 2016

Woolworths CFO Reeza Isaacs named CFO of the Year 2016

Reeza Isaacs, group finance director of retailer Woolworths Holdings, has been named South Africa’s CFO of the Year at the 2016 CFO Awards. The award was announced on Thursday 12 May 2016 at the end of an inspirational conference and gala event at Summer Place in Hyde Park, Johannesburg. Dumisani Dlamini (National Arts Council) was named Young CFO of the Year and Public CFO of the Year, while Osman Arbee (Imperial) and Walter Leonhardt (ABI) also took home two awards each.

06 May 2016

Celebrating SA's finance leaders - countdown to 3rd CFO Awards

It is time for tuxedos. It is time for cocktail dresses. It is time to celebrate South Africa's finance leaders during the 3rd annual CFO Awards at the marvelous Summer Place in Hyde Park, Johannesburg. On Thursday 12 May 2016 CFO South Africa will host a spectacular gala dinner, preceded by a high-level conference for the country's best finance directors and chief financial officers. At the end of the evening one of 25 nominees will be crowned CFO of the Year.

22 April 2016

Exclusive chat to SNG's Victor Sekese about Oakbay audit: `No political interference`

Audit firm SizweNtsalubaGobo (SNG) has not been approached by anyone from the Gupta family or from the cabinet of president Jacob Zuma, says Victor Sekese, CEO of the firm that was announced this week as the new auditor of Oakbay Resources and Energy Limited, owned by the controversial Gupta-family. Sekese says SNG has consulted with Oakbay’s former auditor KPMG “and established that there are no professional and ethical reasons not to accept the client”.

22 April 2016

Five tech trends CFOs cannot ignore - a chat with KPMG's Frank Rizzo

“I have always had a passion for technology,” says Frank Rizzo, who is in charge of the technology sector and of data & analytics at KPMG across Africa. Frank is a popular speaker at CFO South Africa events, combining ultra-current insights with an easy presentation style. In an exclusive interview with CFO South Africa, Frank speaks about his love for technology, the way CFOs should use data, and his plans to increasingly work with incubators and startups. Frank also lists five technology trends CFOs cannot afford to ignore.

08 April 2016

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.

01 April 2016

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...

09 March 2016

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.

26 February 2016

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.”

24 February 2016

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.

12 February 2016

International investors are eyeing African healthcare, says KPMG's Anuschka Coovadia

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.

28 January 2016

Judges 2016 CFO Awards swap notes during exclusive dinner

The mood was warm and jovial during an exclusive dinner for the panel of judges of the 2016 CFO Awardsand winners of last year's awards, hosted by CFO South Africa at the Hyatt Regency Hotel in Rosebank on 27 January 2016. The gathering allowed the judges to prepare for the judging process for this year's prestigious awards, but - most of all - gave them an opportunity to catch up and network. The dinner brought together the CFOs of the Year from 2014 and 2015, Simon Ridley (Standard Bank) and Deon Viljoen (Alexander Forbes), and a host of other business leaders.

22 January 2016

Jason Kazilimani, CEO KPMG Zambia: power and agri biggest opportunities

“CFOs that don’t read and don’t network, won’t grow,” says Jason Kazilimani, senior partner and chief executive officer at KPMG Zambia. According to the senior partner there are two types of CFOs in the country: modern, world-class finance executives with international experience and “some others that call themselves CFOs, and yet only do the bean counting”. That is why there is enormous potential to improve the skills and networking capacity of Zambian CFOs, he says. “I would like to see much more emphasis on strategy.”

20 January 2016

Spectacular line-up of speakers at Finance Indaba Africa 2016

If you are a finance professional and you are wondering if there are any dates in your calendar that you should keep open, wonder no longer. The Finance Indaba Africa at the Sandton Convention Centre - on 13 and 14 October 2016 - will be the pivotal gathering for number crunchers, money wizards and finance leaders. Those dates might be far away still, but behind the scenes CFO South Africa is putting together a fantastic program - with a line-up of speakers that should entice any accountant to head over to Sandton.

13 January 2016

Previous winners join judges CFO of the Year 2016

Celebrated CFOs Simon Ridley (Standard Bank) and Deon Viljoen (Alexander Forbes) will be joining the panel of judges that will be interviewing and adjudicating the nominees for the 2016 CFO Awards. Simon was crowned CFO of the Year at the inaugural CFO Awards event in 2014 and Deon won the coveted title at last year's black tie extravaganza. CFO South Africa is also delighted to welcome Discovery Health CFO Brett Tromp, winner of both the Young CFO of the Year and High Performance Team Award in 2015, to the panel.

06 January 2016

How can the CFO avoid saying no in 2016?

With some questionable political decision making, a struggling national currency and sombre messages from rating agencies pouring in, South African businesses can be forgiven to be a bit apprehensive about 2016. In the middle of it all the CFO has shifted its role from number cruncher to business partner, but with pressure around slowing growth increasing there is the danger of reverting back to the old naysayer role. How does the CFO avoid saying no in 2016?

10 December 2015

Awesome accountants - find them at the Finance Indaba Africa

South Africa has an outstanding pool of professional accountants. Whether you're a small start up or a successful mid size business, you will need these professionals to help grow and guide your business. The best accountants formulate ideas to help you reach your true goals becoming genuine business partners. Finding the right accountant is easier than you think and you are invited to meet the very best at Finance Indaba Africa.

08 December 2015

Cloud & Clear - select your cloud provider at Finance Indaba Africa

Cloud is no longer an unknown or risky business, but an essential technological innovation that is a game changer for African businesses. “Through cloud solutions we are enabling companies to design their back office efficiently and deliver innovation across the business,” said Dee Houchen or Oracle (a platinum Finance Indaba partner) in a recent interview. At the Finance Indaba Africa all cloud providers will be present, giving South African finance professionals an unparalleled opportunity to compare offerings and learn.

04 December 2015

Why climate talks matter for CFOs - KPMG's Marijke Vermaak on COP21

The ongoing climate conference COP21 in Paris has many people pondering about the future. According to some these annual Conference of the Parties (COP) on climate change are not more than talk shops, but others predict that decisions that will be taken in France next week will have massive ramifications for society and life on the planet. In this article, Marijke Vermaak, Climate Change & Sustainability Services Manager at our principal sponsor KPMG South Africa, sheds her light on the climate...

24 November 2015

David Hodnett, with Barclays Africa to 'fully international, fully regional and fully local'

As deputy chief executive officer and finance director, David Hodnett is the right hand of CEO Maria Ramos at Barclays Africa. In an exclusive interview with CFO South Africa, he speaks about his love for detail, his relationship with Ramos and the creation of Barclays. He also reveals how he very deliberately chose to plot his career path via risk management roles and why he sees the way he deals with people as a reason for his success. “I believe in accountability and giving people space to operate.”

28 October 2015

Call for speakers now open - Finance Indaba 2016

In 2014 CFO South Africa piloted the CFO Awards, this year we launched a massive partnership with KPMG and next year is going to see the Sandton Convention Centre's doors open for the first ever Finance Indaba. "The difference between success and failure is often determined by the quality of the finance team and processes," says CFO South Africa's founding director Melle Eijckelhoff, who has a long track record of landmark finance events in Europe and is now working tirelessly to make the Finance Indaba a massive success.

07 October 2015

CFO South Africa now on Facebook

While our presence on LinkedIn and Twitter is crucial as ever, we have recently decided to make the plunge on Facebook as well. Many, and I am one of them, are active on Facebook, but regard it as a bit of a personal space, away from work. An increasing amount of people around the world, however, use the popular social media platform as their one-stop-shop for everything current and exciting. If you're one of those, you better head over and 'like' CFO South Africa.

21 September 2015

IP theft, extortion and interuption - a new generation of cyber risks

CFOs should prepare for a new generation of cyber risks which are fast evolving, moving beyond the established threats of data breaches, privacy issues and reputational damage to operational damage, business interruption and even potentially catastrophic losses. A new report – A Guide to Cyber Risk: Managing The Impact of Increasing Interconnectivity – examines the latest trends in cyber risk and emerging perils around the globe.

02 September 2015

Planning, Budgeting & Forecasting in the 21st century? Join us on 17 September

Today, many CFOs are turning to rolling forecasts to inspire and lead their organisations to superior performance. On Thursday 17 September 2015 CFO South Africa is putting together another landmark event to share est practices on strategic planning in today’s fast changing world. Hosted by one of the best rated hotels in Africa, the 54 on Bath Boutique Hotel, we will present the latest insights and research results on technology-driven budgeting and forecasting.

21 August 2015

CFOs discuss their role as change agents at intimate dinner

Never has there been a time when IT and business have experienced so many synergies and when the need to transform was so consistently urgent. Change management was the topic of an intimate networking dinner organised by CFO South Africa in partnership with Oracle and principal sponsor KPMG – both at the forefront of fast-tracking change – at the prestigious Four Season Westcliff hotel in Johannesburg on Thursday evening, 20 August 2015. Finance executives from various industries took full advantage of the opportunity to swap notes with their peers and expand their knowledge bases.

07 August 2015

KPMG: Recent developments offer significant opportunities in Nigeria

It is no secret that doing business in Nigeria is not for the faint-hearted. A tricky security situation combined with rampant corruption and fuzzy policies make it hard for entrepreneurs and big businesses to make money in the West-African country, despite its large economy and population. In a recent 2 part feature on the blog of our principal sponsor KPMG, Laurens Kreuze - a Dutch KPMG Partner stationed in Lagos - concludes that the new wind that is blowing after Muhammadu Buhari was elected president.

31 July 2015

Lessons from Alexander Forbes at inspiring CFO Master Class

"If you think you have a good deal, look at all the stakeholders again and craft an exceptional deal." That was one of the messages from Deon Viljoen, CFO at Alexander Forbes, at the CFO event 'Executing an effective growth strategy' at the Nedbank headquarters in Johannesburg on 30 July 2015. Viljoen was elected CFO of the Year in May and his rendition of the way he has dealt with the turbulent recent history at the country's biggest pension funds administrator made it clear why. "I have aged in dog years, but also have gained dog years experience," he said.

26 June 2015

CFO event: the pillars of the CFO as Business Partner

CFO Deon Viljoen of Alexander Forbes summarised Thursday’s CFO event at KPMG’s Wanooka Place as “really stimulating and brilliant discussion”, a telling qualification by the man who was elected CFO of the Year just last month. Participants eventually went home with many insights to mull over after an afternoon that didn’t only see a star-studded line up, but also provided a platform for deep meaningful conversations about the way CFOs can influence and drive growth as business partners.

14 May 2015

Alexander Forbes CFO Deon Viljoen named CFO of the Year 2015

Deon Viljoen, Chief Financial Officer at South Africa’s largest retirement fund administrator Alexander Forbes, has been named South Africa’s CFO of the Year 2015. The award was presented on Thursday 14 May 2015 at the end of an inspirational conference and gala event at Summer Place in Hyde Park, Johannesburg. Brett Tromp (Discovery Health) was named Young CFO of the Year, while Anoj Singh (Transnet) retained his title as Public CFO of the Year.

15 April 2015

Interviews with nominated CFOs concluded, Awards judges to decide

All 32 CFOs that are nominated for the CFO Awards 2015 have now been interviewed by a representation of the panel of judges. For me, it has been a massive honour and learning opportunity to be part of the process, that started mid-February. Packs with all the interviews and profiles highlighting the performance of the nominated CFOs will soon be sent to the esteemed panel of judges, which will decide on the winners for the 10 categories using a nifty online voting system.

25 March 2015

Editorial: South African CFOs should drop the arrogance in 'Africa'

As an aside during our successful Moving into Africa event in the Michelangelo Hotel in Sandton, Sean Bennett, Head of UBS South Africa and Sub Saharan Africa, remarked that South Africans are not always welcomed with open arms in the rest of the continent. We are often guilty of talking about 'Africa' as if South Africa is not part of the continent, we are often guilty of arrogantly viewing the swath of land north of the Limpopo as largely undeveloped and we are often wrongly assuming that we have to import expats because of the purported lack of local talent.

20 March 2015

Great insight into African tax by KPMG's top experts

Never speak to the tax authority in an African country without an advisor present, make better use of tax incentives and familiarise yourself with the local tax law and the people who enforce it. Those were some of the lessons during the extremely insightful Master Class at Thursday’s Moving into Africa event in the Michelangelo Hotel in Sandton. The CFOs present received a comprehensive overview of African tax affairs by some of the brightest tax minds on the continent, provided by KPMG.

13 March 2015

Tax strategies in the spotlight at Moving into Africa event - register now!

While South African CFOs are keen to help their businesses explore options in Nigeria, Ghana, Kenya, the Democratic Republic of Congo and other African countries, the prospect of governance and tax issues still fills many with trepidation. During our Moving into Africa event on Thursday 19 March in Johannesburg a impressive team of African tax specialists will ease your mind and talk about the latest developments. It is not too late yet to REGISTER for the event. This is the CFO event you can’t afford to miss!

06 March 2015

Panel of judges for CFO Awards 2015 meet at JSE Limited

One of the key success factors behind the annual CFO Awards is the strong composition of the panel of judges. On 17 February 2015 the panel for the 2015 awards met in a boardroom of the JSE Limited to discuss this year’s process and procedures. “We are truly honoured to have a group of such respected leaders on the panel to decide who are the best CFOs in South Africa at the moment,” said CFO South Africa CEO Melle Eijckelhoff, who convened the meeting.

04 March 2015

Editorial: CFOs should not hide behind the communications department

I always find it slightly disappointing when CFOs need to run an interview by their communications department. So it was really refreshing to do an interview yesterday that I managed to write up on the same day and that was approved within an hour. The interviewee? Sizwe Nxasana, CEO of FirstRand and responsible for a R295 billion market cap. Yet again, I must conclude: the more senior or influential a person is, the easier they are to talk to and the less bureaucratic they are about approving their interviews.

18 February 2015

CFOs shaken out of comfort zone during Get Smart event

CFOs were rattled out of their comfort zone yesterday during our Get Smart in 2015 event, hosted at the JSE Limited in Sandton, Johannesburg. In an extremely well-received key note speech, Martijn Aslander - from The Netherlands - told finance leaders they need to adapt or risk becoming obsolete. He talked the audience through a number of exciting innovations and disruptive developments that will change the world within the next 10 years. “In the future it is no longer about what you own or what you do, but it is about your attitude and your ability to adapt.”

17 February 2015

Awards judges interview CFOs of Denel, MiX Telematics, Interwaste and DMR

Who is going to be the CFO of the Year 2015? It is up to the impressive panel of judges to decide who will climb the podium of the Summer Place on 14 May 2015 and receive the prestigious award. The 15 captains of industry (and a professor) will largely base their judgement on the interviews with the 28 nominated CFOs. Yesterday, we kicked off the interview process and just like last year, it is an enormous privilege for me as editor of CFO South Africa to witness these in depth conversations between some of the most influential and interesting leaders in the country.

04 February 2015

Editorial: the bright side of headless chickens & impressive speakers

As we’re getting closer to our February events in Johannesburg (17 February) and Cape Town (19 February), I have the privilege of chatting to some of the people that will be sharing their insights during those afternoons and evenings. This week I spoke to KPMG’s Frank Rizzo about technology and to Cipla Medpro’s Nishant Saxena about the transition from bookkeeper to business partner that many of our CFOs are going through. These are two experienced business people that know exactly what they are talking about!

21 January 2015

Editorial: outgoing ArcelorMittal CFO's SA optimism, boost for Woolworths and Foschini

“More than in the past you have to pick your battles and prioritize.” I had to think of these wise words of Matthias Wellhausen, when I heard the ArcelorMittal CFO is leaving the country to join Swiss firm Schmolz + Bickenback, a global market leader in special steel, as CFO. Last year we spoke to Wellhausen and CFOs and finance professionals would be well-advised to reread the interview with the German.

19 November 2014

Editorial: judges revealed for CFO Awards, governance improving in Africa

I am a little bit biased, but for me the biggest CFO news this week was the fact that several members of the panel of judges for this year’s CFO Awards have committed themselves to adjudicate the 2015 CFO Awards as well. As of today, we have been able to confirm the involvement of top CEOs Asher Bohbot (EOH), Victor Sekese (SizweNtsalubaGobodo), Jonathan Lang (Bowman Gilfillan Africa), Delphine Maïdou (Allianz GCS Africa), Claudelle von Eck (The Institute of Internal Auditors South Africa) and Rob Otty (Norton Rose Fulbright South Africa). Prof. Ben Marx (University of Johannesburg) is also on the team again.

14 November 2014

Minister Ivan Meyer gives CFOs insights in the public & private sector

“I was so happy to be here today because it has given me the confidence that we have capable financial skills here in South Africa,” said Dr Ivan Meyer, minister for finance in the Western Cape after attending the CFO South Africa event Risk, Compliance & Control Forum at the Cape Town Club on Thursday night. “This CFO forum confirmed to me that the CFOs in the public and private sectors are very capable.”

12 November 2014

Editorial: KPMG's Anthony Thunström to Foschini - CFOs with benefits?

Only a few days after professional services firm KPMG announced a ground-breaking partnership with CFO South Africa, one of the architects of that collaboration got a new job – as a CFO! From 1 February 2015 KPMG Africa COO Anthony Thunström will replace the retiring Ronnie Stein as CFO of JSE-listed clothing retailer, Foschini. We wish Anthony all the best and hope to meet him again at our events, this time with his CFO hat on.

16 September 2014

CFO of the Week: Jurgens Myburgh, new CFO at Datatec: "I strive to be multidimensional"

“I strive to be a multidimensional CFO,” says Jurgens Myburgh, who recently swapped an impressive career in Corporate Finance at Standard Bank for a role as CFO at information technology group Datatec. In anticipation of learning from more experienced peers, Myburgh has joined CFO South Africa as a platinum member. “It will be great to network with like-minded people, bounce ideas off experienced individuals, gather intelligence on best practice and stay up to date. You can’t afford to operate in a silo.”

10 April 2014

CFO South Africa meets KPMG CEO Moses Kgosana

KPMG boss Moses Kgosana briefly interrupted his annual leave on Wednesday to meet with CFO South Africa founder Alex van Groningen and discuss the challenges that face south African CFOs. “CFOs are our biggest supporters and customers, so I want to be part of their community,” Kgosana said. “We can share information and experiences about the challenges we face from different angles. And I can learn a lot from the CFO community.”

26 September 2013

Barry Doran, CFO G4S Africa: Believing in human capital

“For a CFO, working in Africa is almost like a Rubik’s cube, it is a challenge but it’s very rewarding,” says Barry Doran, Finance Director for Africa at security firm G4S, the largest private employer on the continent. “The development opportunities are very rewarding professionally and it’s great to see cities changing. The last time I was in Lagos I suddenly saw traffic lights where there were never any.”

27 August 2013

Abigail Brooks, Trustco: the importance of soft skills and confidence

“I needed a bigger challenge,” says Abigail Brooks, Financial Controller at Trustco Financial Services since May 2013. The Namibian firm has recently moved into South Africa and has ambitions to roll out its innovative microfinance and insurance products into the rest of the continent as well. Brooks is based in Johannesburg and will be overseeing the financial department. “What is crucial for this position is soft skills and confidence,” she says.

14 April 2013

Callen Hodgskiss, HPCA: opportunities for finance talents at NGOs

“FOLLOW what you value,” is the advice of Callen Hodgskiss. As CFO of the Hospice Palliative Care Association of South Africa (HPCA) he knows what he is talking about. “I hope young financial professionals realize there are a lot of opportunities in the NGO sector. It is a dynamic environment and there is a lot that you can contribute. There is growing need for qualified people at NGOs and the salaries are becoming more and more market related.”

15 June 2012

Henk Engelbrecht - CFO StratCorp: "The CFO needs to be a strategic thinker who understands the relationship between all the components of a business, its environment and the broader economy"

Henk Engelbrecht has only been acting as Group Financial Director of StratCorp since March 2011. It has been an interesting time so far. “I am a firm believer in not accepting the status quo and to always look at every aspect of the business critically to establish if there are better and more efficient ways of doing business.”

02 December 2011

Break up the big-four auditors?

The SA Institute of Chartered Accountants (Saica) has decided not to comment on European moves to curb the dominance of the big-four auditing firms but standards boss Ewald Muller says EU commissioner Michel Barnier is “smoking his socks”. Spokesperson Bontle Sikwe said Saica has nothing to say. The accounting institute is in the invidious position of having the Big Four and thousands of smaller members. The Big Four pay by far the biggest subscriptions and contribute the lion’s share of Saica’s vital Thuthuka educational project. But while Saica won’t comment Ewald Müller, senior executive, standards, told me Barnier was on “a one-man crusade” and “over the top”.

30 November 2011

Iain Bennie - CFO Stanlib: `Cash is King!`

Stanlib is the largest unit trust manager in the country and one of the leading asset and wealth managers in South Africa and emerging markets. The company is based in Johannesburg and has a footprint in seven African countries. The company was formed in 2002 when Liberty and Standard Bank’s asset management and wealth businesses merged. It is the biggest unit trust company in South Africa, managing assets for over 350,000 clients and employing almost 550 employees directly. We had the honor of enjoying a one-on-one with Iain Bennie, CFO of Stanlib.

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Company profile

KPMG South Africa is a professional services firm currently comprising of 148 partners and 2 169 colleagues, supported by an international network that comprises more than 207 000 people. The origins of KPMG South Africa go back to 1895 and through organic growth and strategic mergers, we have grown into one of the largest Audit, Tax and Advisory firms in the region, offering a wide-range of services to clients in the private and public sectors. There are over 10 000 KPMG South Africa alumni who are business leaders in all sectors of the South African economy.

Website: https://home.kpmg/za/en/home.html