RMB Private Bank gives you an expert view of your finances.
SARB business cycle indicators show signs of recovery for SA economy
The SA Reserve Bank's indicators showed increases in eight out of 10 components.
Sasfin appoints Karien Jones as COO of group finance
Karien will be responsible for assisting the finance team with financial operations, like reporting.
RMB Holdings' Herman Bosman steps down from FirstRand board
Herman will be stepping down as RMH completes the unbundling of its shares in FirstRand Bank.
RMB Holdings receives green light to unbundle its entire stake FirstRand Bank
RMH's Herman Bosman: The unbundling ends a multi-decade relationship between RMH and FirstRand.
South Africa's big bank executives forego 30 percent of their salaries
Absa and FirstRand executive directors and prescribed officers take salary cuts to help Covid-19 fight.
Markos Davias is the new FNB South Africa CFO
Markos joins FNB South Africa from RMB, where he has been serving in finance roles for 12 years.
South Africa places third on RMB's 2020 Where to Invest in Africa Report
South Africa is viewed as a gateway to the rest of the continent says RMB's Nema Ramkhelawan-Bhana.
FirstRand Group has appointed Gert Kruger as its new chief risk officer
Kruger has worked in a variety of roles in the FirstRand Group, including CRO at RMB.
Flashback: These leading finance executives won the coveted trophies at the CFO Awards
Six of South Africa's finest finance professionals walked away with awards on the evening of 15 May.
CFOs talk technology and disruption at exclusive CFO dinners
CFOs need to be adaptable, agile and forward-thinking in order to weather the storm and stay relevant.
CFOs reveal their worst days - and what they learnt from them
Having to let people go, self-doubt and regulatory changes keep these CFOs awake at night.
M&A Roundup: Cell C and MTN roaming agreement making headlines
Also: RMB Holdings sells its stake in FirstRand and Barloworld reduces interest in Avis Fleet.
Time is running out. Get your nomination for the CFO of the Year in today!
Recognise the leading finance executive on your team with a nomination for the prestigious CFO Awards.
How three of SA's top young CFOs landed in their C-suite positions
It's about being technologically adept, having a strong and nurturing support system.
M&A Roundup: Sun International and Redefine Properties exit Nigeria
Also: Vox Telecom South Africa and RMB agree to buy out Investec as part of R2 billion recapitalisation.
M&A Roundup: Bushveld Minerals and Efficient Group making changes to their JSE listings
Also: Ascendis Health sells off biosciences division, and SAPPI and Efficient Group acquires internationally.
New Development Bank CFO Leslie Maasdorp talks about living a life with purpose
Leslie says he hopes to use his international expertise to benefit South Africa in the years to come.
13 CFOs among SAICA's Top 35 Under-35 CAs
The competition recognises and rewards young CAs who are trailblazers and leaders.
RMB Corporate Banking CFO Storme McDonald on banking, digitisation and dogs
Storme McDonald is the CFO of Corporate Banking at RMB. She is a passionate advocate of digital transformation and a lover of dogs, she tells CFO.co.za.
As it happened: South Africa's top CFOs honoured at the spectacular 2019 CFO Awards
Six exceptional CFOs walked away with the finance profession's top honours at a gala dinner in Bryanston.
MTN CFO Ralph Mupita named CFO of the Year 2019
The MTN CFO also won the Strategy Execution, High-Performance Team, and Finance Transformation Awards.
RMB will be sponsoring the Strategy Execution Award at the annual CFO Awards
RMB celebrates the success of important decision makers in terms of strategy at CFO Awards.
10 questions for FirstRand CFO for Rest of Africa Gideon Joubert
Gideon is always up for a challenge, and speaks about personal growth and empowering others.
M&A Roundup: Standard Bank, Anglo American and Ascendis Health make headlines
Standard Bank partners with Microsoft, Clover acquisition experiences more delays and other acquisitions.
CFO Tryphosa Ramano on successes and struggles in Africa
Tryphosa reveals how she sets the financial strategy for a pan-African business with challenges at home.
Scary and exciting: CFOs discuss the future at scrumptious Saxon dinner
People, strategy and ethics will be pivotal for future finance leaders - and the future is now.
SA businesses flock to lend their support to the CFO Awards
Unparalleled networking opportunities, entertainment and industry insights keep CFO Awards sponsors coming back for more.
CFO Awards judging kicks off with three days of nominee interviews
Awards Judges impressed with the calibre of the nominees interviewed ahead of the 15 May ceremony.
FirstRand Africa: Gideon Joubert
Gideon Joubert has been the chief financial officer at FirstRand Africa since November 2017.
2018 highlight: AngloGold Ashanti's Christine Ramon named CFO of the Year
At a glittering ceremony in May, Christine came away with a record four CFO Awards.
CFO Awards season kicks off with the exclusive Judges' Dinner
Marble Restaurant hosted the prestigious CFO Awards judges, in preparation for the 2019 ceremony.
Pursue your own goals, not others' expectations
Cobus Grove shares how the path less taken has been the right path for him.
Bank CFOs share people-focused innovation strategies
Innovation doesn't happen unless you have the people on board to drive it - start there.
Standard Bank's insightful sessions set to attract crowds at Finance Indaba
Finance Indaba diamond sponsor Standard Bank to deliver valuable sessions on 3 and 4 October.
18 hottest FinTech speakers in SA on stage during Finance Indaba
Banks, innovators, experts, techies, consultants and accountants among the experts who will show you where your future revenue will come from.
Perfect partners? What finance should know about private equity
Healthy partnerships between PE investors and businesses nurture solid growth, better governance and a bright future, says RMB Corvest ED Martin Coetzee.
Partnership in private equity: Q&A with RMB Corvest's Mike Donaldson
Successful private equity is about patience, measured risk, and critically the right marriage of management and funder, says RMB Corvest CEO Mike Donaldson. It takes the same long term view and prior homework as a marriage - with the same extensive potential for mutual benefit.
Calls for ethical leadership at breathtaking 2018 CFO Awards
Calls for ethical leadership as the first woman CFO takes home the tile of CFO of the Year during the spectacular fifth annual CFO Awards at Johannesburg's Constitution Hill.
AngloGold Ashanti CFO Christine Ramon named CFO of the Year 2018
Christine Ramon, chief financial officer of gold mining company AngloGold Ashanti, has been named South Africa's CFO of the Year at the 2018 CFO Awards.
Partners flock to sponsor CFO Awards 2018
This year's finance Oscars are backed by new partners PwC, Workday, Nike and Drayton Glendower.
Rand Merchant Investment Holdings: Herman Bosman
Herman Bosman has been the Chief Executive and Financial Director of Rand Merchant Investment Holdings since 11 September 2014.
Business confidence up
SA's business confidence is at a three-year high on the back of the Ramaphosa presidency.
Atlantic Leaf Properties: Warren Morton
Warren Morton has been the Financial Director of Atlantic Leaf Properties since July 2012.
PPC: Tryphosa Ramano
Tryphosa Romano has been Chief Financial Officer of PPC since August 2011. She is also Vice Chair of South African Airways and the President of the Association of Black Professionals, and President of Association of Black Securities and Investment Professionals (Absip).
Attacq: Melt Hamman
Melt Hamman has been Chief Financial Officer since July 2013 until 18 July 2018.
RMB: Markos Davias
Markos Davias has been Chief Financial Officer of RMB since August 2015.
PPC's Tryphosa Ramano nominated for CFO Awards 2018
This is Tryphosa's second nomination, after she was put forward in 2014
Bigger and better: judging panel discusses African FinTech Awards 2018
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.
Standard Chartered PE sells stake in Kamoso
Standard Chartered Private Equity has sold its stake in Kamoso Distribution, a Botswana retail and consumer goods company, to a consortium led by Investec Asset Management Private Equity, RMB Ventures, local partners and senior management.
CFOs have a huge role to play in driving internal and external automation - CFO Summit 5
Business automation and robotic process automation (RPA) is no longer an experiment and will move ahead at a rate of knots in the years to come. Those companies that do not come onboard with automation processes will find themselves on an uneven footing with their competitors and will be unable to attract and develop top talent. At the same time, finance departments and executives have struggled to get a handle on it. How much efficiency and performance can you derive from automation and what skills are needed to take the next step?
The impact of RPA across the finance value chain - Deloitte's Rieta de Villiers
From customer interface to back office support, automation has become an important issue that CFOs cannot afford to ignore. But will a failure to adopt automation mindset make your business extinct? Just how much efficiency and performance can you derive from automation and do you have the skills to take the next step?
The future of finance will require a convergence of risk and finance, says RMB CFO Markos Davias
“One of my mentors that has impacted my leadership style and journey from early in my career is Hugh Harrison, a partner I worked for at Deloitte. He is now our RMB Global Markets CFO, but even in this role he still challenges, advises and guides me. In him, I have always had someone whom I could trust to place the mirror in front of me. He is brutally honest but fair in his feedback and if it means he needs to make you a little emotional and teary eyed, so be it,” says RMB CFO Markos Davias, who harbours a passion for young accounting talent, promoting diversity and embracing cutting-edge technology. A solid centre-back, strong in the air, leading from the back, stopping goals at all costs – these are some of the phrases Markos uses to describe himself on the soccer field, and indeed, many of these phrases correlate with the CFO’s approach to leadership. “My family, more recently fatherhood, sport and specifically soccer have all had an influence on my life and career choices.”
Glorious 2017 CFO Awards: the sky is the limit for financial excellence
Vodacom's CFO Till Streichert was the big winner at the 2017 CFO Awards, taking home the title of CFO of the Year and adding the coveted Strategy Execution and Finance Transformation awards to his collection for good measure. The annual glamorous celebration of excellence in the finance profession was the biggest, best and brightest edition of the event to date, as the crème de la crème of the country's finance leaders gathered at the stunning Summer Place in Hyde Park, Johannesburg.
Vodacom CFO Till Streichert named CFO of the Year 2017
Till Streichert, chief financial officer of mobile communications company Vodacom Group, has been named South Africa's CFO of the Year at the 2017 CFO Awards.
SA economy still struggling, despite rise in business confidence
The Rand Merchant Bank (RMB) business confidence index, put together by the Bureau for Economic Research, rose to 40 points in the first quarter of 2017 – up from 38 in the last quarter of 2016.
Towards a cashless society: FinTech Africa event
Financial inclusion, APIs, India, sentient fridges and blockchain technologies were all on the agenda as some of the continent’s leading FinTech visionaries applied their minds to the hot topic of the future of payments in the first FinTech Africa event of the year, held at Rand Merchant Bank’s Merchant Place campus in Sandton, Johannesburg, on Tuesday.
FirstRand reports solid results
Aided by a formidable display from its vehicle finance division, financial services behemoth and South Africa’s biggest lender in terms of value, FirstRand reported a 14% rise in half-year profit on Thursday.
Innovation is in RMB's DNA - The Foundery's Liesl McKay-Bebb
Liesl McKay-Bebb heads up RMB's The Foundery, which was launched to create a space for innovation & disruption in the Fintech space and is the host of CFO SA's Future of Payments event on 14 March. We spoke to her about her work and how she sees the local FinTech space.
Slow growth for SA in Q4
According to the latest survey from the Bureau for Economic Research (BER), the last quarter of 2016 will show only subdued growth.
ABSA Capital, RMB and Nedbank big winners at JSE Spire awards
ABSA Capital, Rand Merchant Bank (RMB) and Nedbank took home big awards at the 15th annual Spire awards, hosted by the JSE. ABSA Capital, RMB and Nedbank were crowned winners of the Best Bonds House, Best Fixed Income and Currencies House, Best FX House and Best Research House and Best Interest Derivative House respectively. RMB alone took home a total of 11 awards on the evening. Bernard Claassens (pictured), Manager: Fixed Income at the JSE, said:
CFOs weigh the cost of not knowing at CFO dinner with IBM
What is the cost of not knowing? Perhaps that is the most important question in business today.
Chinese currency increasingly popular in SA: SWIFT data
The Chinese currency renminbi (RMB) now accounts for more than 30 percent of payments between South Africa and China. According to recent SWIFT data, the number of South Africa’s renminbi payments increased by a staggering 191 percent over the last two years.
Repo rate remains unchanged but downgrade still a possibility
The South African Reserve Bank (Sarb) made a decision yesterday to keep the repo rate at 7% and to revise the country’s growth forecast down to 0%. The Sarb has not, however, ruled out the potential for further interest rate tightening later in the year. Sizwe Nxedlana, FNB chief economist, said in a statement:
RMB and Standard Bank shortlisted in African Banker Awards
Rand Merchant Bank (RMB) and Standard Bank will compete for top honours in the 2016 African Banker Awards, the most prestigious event in Africa’s banking sector, held under the patronage of the African Development Bank.
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.
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.
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.
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).
RMB's Africa Outlook 2016 - hawkish monetary policy predicted
Hawkish monetary policies are likely across Sub-Saharan Africa (SSA) and the temptation to manipulate interest rates will be on the increase in 2016. In this second part of RMB's Africa outlook 2016, authors Celeste Fauconnier, Nema Ramkhelawan-Bhana and Neville Mandimika look at the monetary policy across the continent and the measures that are considered to pursue echange rate stability.
RMB's Africa Outlook 2016 - GDP growth in a slump
Oil-exporting economies like Nigeria and Angola will continue to be hardest hit when it comes to the slowing momentum of GDP growth in Africa. In this first part of RMB's Africa outlook 2016, authors Celeste Fauconnier, Nema Ramkhelawan-Bhana and Neville Mandimika look at the expected real GDP growth in selected economies and the long list of risks to growth.
Denel CFO Fikile Mhlontlo: from bailouts to superiority
Denel CFO Fikile Mhlontlo has been instrumental in cost cutting, efficiency drives and improving financial ratios. Together with the other executives he has changed the state-owned aerospace and defence technology conglomerate from a loss-making public enterprise into a successful, profit-making company with an increasingly international focus. Denel’s international image is now superior, says Mhlontlo. “The strategy of decentralisation and partnering has worked wonders.”
Daryl Edwards, CFO Universal Coal: Soaking it up
Which CFO would not like to build their financial team, IT systems and processes up from scratch, not worrying about existing culture, equipment and other legacy issues? Daryl Edwards got the chance to do just that at Universal Coal and he is pretty excited about the result.
Come to the CFO South Africa Cafés in May
Don't miss it! The time for the next CFO South Africa Events is approaching. In May prominent financial professionals and directors will represent Cape Town’s and Johannesburg’s finest companies at the exclusive CFO Round Tables & Cafés on May 14th and 16th respectively.
Johan Burger - CFO FirstRand Limited: `Fix problems that don't exist here`
South African banks face challenging times, says Johan Burger, CFO of FirstRand Limited. “We are now faced with regulatory changes that have been driven by issues emanating from the past, which played out in global markets, but not necessarily in our home market. In many cases these changes will be a challenge to implement in South Africa, as they seek to fix problems that don’t exist here.”
JSE's most valuable company
British American Tobacco (JSE:BTI), a company that regulators worldwide tried to kill, has become the JSE’s most valuable company with a market capitalisation on March 1 of R765bn. That is 44% more than the value of runner-up BHP Billiton (JSE:BIL), the world’s top mining stock.
Bafokeng reaps rewards of persistence in R5.4bn deal
One of the measures of a good business book is how much you remember years after reading it. By that measure, Mark McCormack book on Negotiating rates highly. The founder of the world’s dominant sports agency IMG shared many of his experiences, all of which led to the conclusion that the best deal was one where everyone walks away with a smile on their faces. Never screw over the other side, he advised. It will always come back to bite you. The best deals are those when everyone feels they have given up a little more than they were able to take.
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At RMB Private Bank we aim to give you an expert view of your finances coupled with insightful, advice-led solutions for you and your family. At the heart our engagement model is your Private Banker, together with a team of advisors and specialists who, through intrinsic insight into your unique challenges and balance sheet, construct specialised solutions and advice for you. We understand the intricacies of wealth and will help guide you through the complexities of today's financial world, while complementing your lifestyle through our award winning eBucks rewards programme so that you can enjoy, manage, protect and grow your wealth for future generations.
Address: No 5 Merchant Place, 9 Fredman Drive, Sandton
Phone: 011 303 5000