Sage manages accounting and financials, operation, people, payroll and payments.
FinTechs told to follow the money or crash and burn
Nine out of 10 FinTech startups fail to get beyond the seed stage, as risk-averse investors prefer to wave their wallets at later-stage companies
CFO Day: People need meaning to thrive, says Altron CEO Mteto Nyati
Speaking at CFO Day, Altron CEO Mteto Nyati shared the learnings from his own turnaround journey at the company.
Exchange rate volatility is our biggest risk, says Jonathan Murphy, CFO of Big Concerts
"We forward-hedge where we can but need to carefully manage our budgets and allow for exchange rate volatility."
Adults like learning like children - even if they're wearing suits, says Excel Academy's Dan Stillerman
"So many people - even in big corporates - have no idea what Excel is capable of and how to work smart instead of hard."
8 questions for Aspen CFO Sean Capazorio
Sean Capazorio's Finance Transformation Award winner speaks to us about the global success of Aspen Pharmacare, the role of finance and how he managed to turn the numbers from cold figures into good stories.
The horror of waiting: PwC's Lullu Krugel on the economics of lateness
If someone's late for a meeting, here are some insights that will help you to cope with the stress.
CFOs fear effects of US trade war - global survey
Trade uncertainty has risen to be the biggest risk for corporations, according to the latest CNBC Global CFO Council quarterly survey EDIT EDIT EDIT EDIT EDIT EDIT EDIT EDIT
More money should be poured into African mobile - MMA SA
While mobile has been around for more than a decade, it's only now being included as part of the broader communications strategy and not added as an afterthought to the creative process
Global digital commerce spend set to breach $14,7 trillion by 2023
Global consumer spend on digital commerce will reach $14.7 trillion by 2022, up by 60% on last year's figure of $9.2 trillion
SA congratulates Christine Ramon on CFO of the Year 2018 recognition
Social media erupted in a warm outpouring of congratulations after the historic election of AngloGold Ashanti's Christine Ramon as CFO of the Year 2018.
CFO Awards 2018: A wake-up call for corporate South Africa to play its part
The CFO Awards 2018 panel discussion at Constitutional Hill challenged business leaders to change their mindsets around social regeneration.
Discovery Life: Stuart Cohen
Stuart Cohen has been the Divisional CFO of Discovery Life since January 2000.
Why a narrow view of leadership destroys organisations
Prof Tim London of the UCT Graduate School of Business cautions on the dangers of having too narrow a view of leadership.
SARS talks tough on cryptocurrency gains
SARS will apply normal income tax rules to cryptocurrencies and expect taxpayers to declare cryptocurrency gains or losses.
Optimism swells among North American CFOs - Deloitte
Deloitte's CFO Signals survey of chief financial officers finds a surge in optimism among CFOs about the current and future states of major economic regions, as well as their own company prospects
OUTsurance's Jan Hofmeyr nominated for CFO Awards 2018
The young executive has been instrumental in helping the insurance company implement its FinTech strategy and make key acquisitions
Mike Buckham: From accounting anti-hero to Sygnia FD
Mike Buckham shares the story of his unusual and unexpected ascent to Sygnia FD.
Verimark Holdings: Bryan Groome
Bryan Groome has been the Financial Director of Verimark Holdings since 8 August 2016.
Virgin invests in SA FinTech wiGroup
wiGroup has secured investment from two leading global companies to fast-track its entry into emerging and developed markets.
Meet Andrew McMaster, FD of Coca-Cola Peninsula Beverages
"Do the basics brilliantly. If you do that, you will get most things right," says Andrew McMaster.
UK FinTech Humaniq launches biometric app in Africa
Humaniq has announced the launch of its Android App to enable users in Africa to access to next-generation financial services with facial recognition
Meet Standard Bank's new African Regions boss, Sola David-Borha
Sola David-Borha moved from Nigeria to Joburg earlier this year to become Standard Bank's CEO for all African regions outside SA.
The CFO is the wingman to the CEO and the business, says Lushen Pather
We talk to Lushen Pather, who recently announced a move to SARB, about his time as Sasfin CFO.
Embrace your digital destiny: riveting Sage event wows finance and IT leaders
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.
Slide offers South African free email and phone payments
Three South African developers who spent time in the USA have created the Slide app, which has the potential to start a payments revolution in the country.
The tech-savvy CFO holds the power
It is vitally important for today’s CFO to be tech-savvy, though they should resist the urge to purchase technology for technology’s sake and instead respond to the needs of the business. This was the advice of Christine Ramon, CFO of AngloGold Ashanti, and Wayne Koonin, CFO of Omnia Holdings and winner of the Finance & Technology Award at this year's CFO Awards, during last week’s Finance Indaba Africa 2017, held at the Sandton Convention Centre.
Finance flash: the TOP-10 articles of week 41, 2017
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.
Companies must adapt to the fast pace of change or die, says Yumna Tayob
How do you create a culture of innovation in your organisation, Yumna Tayob, a solutionist with Iconoclast, speaking at Finance Indaba Africa on 13 October 2017 asked the assembled finance professionals? “The first industrial revolution took just over a century, in less than a century the second and third had happened, and now we find ourselves in the fourth. This unprecedented pace of change is driving the fact that innovation is a journey and not a destination, and companies that do not adapt to this are going to die.”
"The offering" - Standard Bank's solution co-created with accountants and entrepreneurs
If you could design a banking solution for your startup, would it look like a traditional bank offering? Standard Bank is betting on no, gathering a tech and customer-focused team and giving them major leeway to experiment with the entrepreneur banking model. According to Standard Bank’s Angé Baard, Paton Raman, and Gugu Sithole, who presented the idea to intrigued accountants and entrepreneurs at Finance Indaba Africa on 12 October 2017, it is built on the concept of co-creation. The team is so focused on flipping the usual path of product development that they haven’t even named this service yet, calling themselves simply “the offering” or “the proposition”.
Dream big, change your life, says Sihle Ndzimbomvu
The support of small black-owned accounting firms made it possible for a young woman from rural KwaZulu-Natal to achieve her dream of becoming a CA. “This is the story of changing your life by having a desire to achieve big,” said Sihle Ndzimbomvu, audit manager at Ngubane & Co, speaking at Finance Indaba Africa 2017. “It is not only the story of my childhood but also the story of a black woman who is breaking barriers. Women or men can relate to this story because, although we come from different places, we have faced similar challenges.”
Finance Indaba: TransUnion Africa driving digital transformation agenda
"TransUnion is an exciting business to be a part of. It’s an organisation that has amazing global intellectual property, and when you combine that with great people and data, it allows us to solve some of the greatest challenges businesses and consumers are facing today," says Lee Naik, CEO of TransUnion Africa, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Palladium Business Solutions promises increased turnover, greater efficiency
"Many companies initially, 20 years ago, would write their own software because there was no really great software that was modifiable. All our development is client-driven, because they realise that one defining feature will change my business. We give the clients that defining feature. If we don’t have it, we write it," says Stephen Corrigan, MD of Palladium Business Solutions, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Auditor-General of SA stresses accountability in finance
"In the past year, the AGSA’s general (“state-of-nation”) reports were built around a theme of accountability and we see CFO’s, both in public and private sectors, as critical players in making sure that accountability in our country, with specific reference to public finance and performance management, is strengthened," says Jan van Schalkwyk, corporate executive at the Auditor-General of SA (AGSA), a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: ClarkHouse is pushing human capital boundaries
"What sets us apart is the journey we go on with clients and candidates in finding niche roles. We are not in the business of finding people jobs – we find careers for them," says Roy Clark, CEO of ClarkHouse, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Wealth Migrate is opening up the global real estate market
"We launched our blockchain solution at the Finance Indaba last year and now we can build a cryptocurrency, this is the catalyst which will enable us to get it to the $1 investment, which we believe will help bridge the wealth gap," says Scott Picken, founder and CEO of Wealth Migrate, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Indox is the Uber of document collection
"When businesses need to do KYC and FICA, they need to collect proof of residence and identity. It’s a massive frustration for clients. The backends of banks are not agile enough to handle this process – and this is where Indox comes in,” says Gur Geva, CEO of Indox, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Canvas Intelligence is disrupting digital transformation
"We are financial specialists who understand the challenges of business administration optimisation. We want to connect with our peers and assist them to take their businesses digital," says Pieter van Zyl, founder of Canvas Intelligence, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
FNB Business voted best business bank in SA
FNB Business has again been voted Top Corporate Bank in the 18th installment of the annual Sunday Times Top Brands survey.
Finance Indaba 2017: Hyphen balances payment streams with a single tech stack
"Hyphen will show Finance Executives how to balance payment streams with a single technology stack, whilst enhancing reconciliation and treasury reporting – ultimately translating into optimised cashflow and cashflow reporting for Finance and Treasury teams," says Gillian Stumke, Head: Business Development of Hyphen Technology, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: e4 eliminates the tedium of the FICA process
"VirtualIdentity is a convenient digital solution that allows a client to complete the tedious FICA process from the comfort of their home in under five minutes," says Ryan Barlow, Director of e4, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Mukuru is revolutionising cross-border payments
"Mukuru is dismantling barriers for cross-border money transfers in Africa. We send more transactions out of South Africa than any other formal remittance company, yet we are still relatively unknown in the formal sector," says Andy Jury, CEO of Mukuru, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Refocus on core competencies with New GX Advisory
"New GX Advisory enables businesses to refocus on core competencies and creating value to all stakeholders by freeing key staff members from the burden of IT infrastructure, systems and process management," says Anja Goosen, head of systems at New GX Advisory Services, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
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?
Finance Indaba 2017: ACS-Embrace offers tailored ERP solutions
"Embrace empowers Finance professionals to adapt to and meet the challenges of a rapidly changing business and systems environment, so as to remain relevant and competitive within their industry," says Ian Foster, Sales & Marketing Director of ACS-Embrace, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
In-house banking now within reach: Treasury Technologies CEO Rudolph Janse van Rensburg explains
An in-house bank may be simply defined as an internal organisation which assumes some of the functions traditionally performed by external commercial banks to provide enhanced performance, transparency and control. Traditionally, the operation of an in-house bank was regarded by most finance executives to be the preserve of the largest corporations. Despite the many benefits, these structures were thought to be too expensive and complicated to add cost effective value. As more efficient cloud solutions become available, the threshold barriers for justifying in-house bank adoption have been steadily lowered, and positive cost/benefit analyses are becoming more and more common.
Finance Indaba 2017: Nexia SAB&T is your bespoke financial services partner
"Nexia SAB&T provides an extensive range of professional services that are tailored to the specific requirements of our clients," says Ndumi Medupe, Chairperson of Nexia SAB&T, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Futuresense ensures a bright financial future
"Futuresense exists to make complex company finance systems more efficient, reporting simpler and faster, and ultimately make the CFO’s life easier," says Steven Hyslop, Director of Futuresense, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: IIA SA creates value for business
"Internal auditors are an integral part of the governance processes within an organisation. They provide the ears, eyes and the internal evaluation of organisational activities to both the organisation executive and governing bodies," says Dr Claudelle von Eck, CEO of the Institute of Internal Auditors SA (IIA SA), a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Broker success with AvaTrade
"We will outline the many advantages of trading with AvaTrade at Finance Indaba 2017, such as regulation, variety, technology, service and all the other great features we offer our clients," says Dáire Ferguson, CEO of AvaTrade, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Explore hidden data relationships with South Africa Qlik Master Reseller
"We are passionate about customers achieving real value from the use of Data Analytics and I believe the best way to support this is through sharing experiences and customer stories," says Simon Kirby, Director of Financial Services Industry Solutions at Qlik. South Africa Qlik Master Reseller is a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: QuickBooks is the most popular accounting software on the planet
"QuickBooks has over 42 million users worldwide, making it the best-selling accounting solution in the world, and some of the many reasons for this include a product range that caters for almost all types of businesses and it does not matter whether you are office-bound or on the road," says Nick Braxton, Sales Manager of QuickBooks SA, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
EY launches blockchain-based vehicle ownership platform
Financial services behemoth EY has announced the launch of Tesseract, an integrated mobility platform underpinned by blockchain technology. The platform facilitates fractional vehicle ownership, shared use and seamless multimodal transport and it will help lay the groundwork for how autonomous vehicle fleets can be owned in the future and provide access to a variety of on-demand mobility options.
Finance Indaba 2017: EOH products suit any business
"The Finance Indaba is a great opportunity to demonstrate that our product and services offering fits the needs of the all the South African businesses, no matter what their size is," says Paco Cervantes, Oracle Services Business Unit Manager of EOH, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Digital transformation is a cinch with Karabina
"Karabina provides the Office of Finance with technology solutions that transform the function into a modern Digital Finance team that is able to address the growing demands of businesses for access to the right information at the right time," says Heath Turner, Director of Karabina, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Corporate cloud nine with Capisol
“Capisol supplies interactive cloud document management, which allows customers to easily archive all their documents electronically in the cloud through seamless integration into their accounting or HR systems," says Christopher De Zeeuw, MD of Capisol, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Sage cloud-based accounting solution goes live in SA
Sage, the market and technology leader for integrated accounting, payroll & HR, and payment systems, today announced that Sage Live, its cloud-based, integrated accounting solution is now available in South Africa. Tailored to the needs of growing companies, Sage Live supports ambitious organisations that are scaling up for growth.
Finance Indaba 2017: Turbocharge enterprise performance with Digiterra
“Technology, shared resources and digital collaboration provide businesses with a global view of business,” says Christopher Jones, CEO of Digiterra, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
The 'Patel factor': Minette Smit and Marylla Govender explain
It has been 17 years since the inception of the South African Competition Act, and competition law enforcement continues to be vigorous and successful. Some now argue that competition law and its associated institutions are becoming a victim of their own success. Where other regulators have mostly proven toothless, the Competition Commission and the Competition Tribunal have been able to pry open cartels and punish offenders. Where broader economic policy has failed to force companies to change tack, competition policy clearly has not disappointed. In this article, competition experts Minette Smit and Marylla Govender explore the most recent trends in competition law, along with the rise of ‘the Patel factor’.
Nigerian FinTech market up 90% since 2015 - report
The Nigerian FinTech market has grown by 90% in the past 3-4 years and startups in the populous West African nation are radically transforming the banking and financial sectors, according to Kantar TNS Nigeria CEO Aggrey Maposa.
Finance Indaba 2017: Build your finance future with AdvanceNet
"We will be talking about how to build your future with the Blueprint for Continuous Accounting. This revolutionary new concept is changing the way accounting and finance are performing and creating a paradigm shift across Modern Finance Organisations," says Bridgette Ward, Sales Manager of AdvanceNet, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Decision Inc is your single-purpose information management partner
"Decision Inc was created with the vision of offering these organisations a single purpose information management business to allow them to make better decisions across multiple divisions and sectors," says Nick Bell, CEO of Decision Inc, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Cipla SSA CFO Nishant Saxena shares his tips for creating a top team
Nishant Saxena won two Awards at this year’s CFO of the Year Awards – High Performance Team and Young CFO of the Year. He received this recognition because he took Cipla’s struggling, low-margin, sub-Saharan Africa (SSA) unit and turned it into one of the most profitable pharma players in South Africa. In so doing, he completely transformed the finance department, creating a high performance team in the process. Nishant shares his top tips for creating an efficient team.
Finance Indaba 2017: Shanduka Black Umbrellas enables entrepreneurial dreams
"As one of the leading ESD organisations in SA we can support finance professionals with entrepreneurial dreams and capabilities in their journey to develop sustainable businesses. The support we provide encompasses training, physical infrastructure in our incubators, and mentorship," says Nyasha Dzumbunu, CFO of Shanduka Black Umbrellas, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Pieter Bensch new MD and executive VP of Sage Africa and Middle East
Anton van Heerden is leaving his role at Sage Africa and Middle East, to be replaced by Pieter Bensch (pictured), who will be taking over as MD and executive VP of the region.
Kirsten King, Comair FD, talks Benoni and Boeings
Airlines are a notoriously difficult business, with narrow profit margins and stiff competition. They are also prey to the volatility of oil prices, as well as fickle exchange rates. But for Kirsten King, a self-proclaimed Benoni girl who entered the “grey-suited” world of accountancy, this is a place not only for the day-to-day administration of finance but also for networking, learning, and a few strong cups of tea.
How to achieve the GREAT thing? Finance Indaba keynote Stan Slap reveals
Pulling off big projects is exhilarating, exponentially growing your profits is awesome, but are you achieving the GREAT thing? Are you building a better future? We spoke with Stan Slap, the world’s foremost thought leader on culture and leadership, who will be opening the Finance Indaba Africa on 12 October 2017, made possible by Clarkhouse Human Capital.
Finance flash: the TOP-10 articles of week 29, 2017
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.
Finance Indaba 2017: Ngubane & Co is your full-service financial partner
“The key to the success of the company is our people. If you have one client who is dissatisfied, you are not likely to get new business. Our people are key and we have been very lucky to get good people," says Wilfred Ngubane, CEO and founder of Ngubane & Co, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Use DocFox to simplify compliance procedures
"DocFox provides a single solution - endorsed by global law firm, Norton Rose Fulbright - which gives a FSP of any size the assurance that they will remain compliant with ever-changing legislation, while simultaneously creating a seamless customer experience and reducing operational costs," says Ryan Canin, CEO of DocFox, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
CFOs must have a deep understanding of operations, says Hatch CFO Craig Sumption
Craig Sumption has been with Hatch, a global concern headquartered in Canada and supplying engineering, project and construction management services, process and business consulting and operational services to the mining, metallurgical, energy and infrastructure industries, for more than a decade. He assumed the role of Regional Director of Finance for the firm's African, European and Middle Eastern operations two years ago. A passionate finance man who knew very early on that he wanted to go into the field, the father of three's grasp of the numbers remains second to none. He shared his thoughts with us about volatility, moving into Africa and leadership.
Finance Indaba 2017: BeztForex can improve your import-export game
"With us, all clients’ foreign trade payments will be done fast, efficiently and seamlessly through our partner bank and unique online payment and trading platform," says Herman Bezuidenhout, CEO of BeztForex, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: BlackLine allows finance professionals to add true value
“Our platform exists to benefit finance professionals, so is designed to be usable and understandable by them. One of the most common comments we receive from CFOs and finance heads is their surprise in how easily they set up the platform and how quickly they began seeing results.” says Therese Tucker, founder and CEO of BlackLine, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Change is inevitable, embrace it, says Loveness Khunou, Dow Southern Africa CFO
Originally from Malawi, Loveness Khunou, Dow Southern Africa CFO, moved to South Africa in 1989. She has a passion for cultures and languages, and is fluent in eight different dialects. “It shows respect if you learn another’s language. It shows that you value them,” she says. “It allows you to better engage with people, and people relate to you differently if you talk to them in their Mother tongue.”
Finance Indaba 2017: Cassel&Co is fanatical about finance
By focusing only on professionals and clients in these finance and accounting disciplines, we have been able to develop extended networks of talent and have built a thorough understanding of the environments and challenges facing those recruiting finance and accounting teams in a wide range of businesses, from start-ups to corporates," says Georgina Barrick, MD of Cassel&Co, a silver partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
CFOs should expect more change coming, says Standard Bank CIB's Suzette Els
“Allow compliance to participate in front line engagement to create a mutual understanding on key client challenges and pro-actively pick-up on key client challenges,” advises Suzette Els, Chief Compliance Officer for Standard Bank Corporate and Investment Banking. In this article, part of a series from Standard Bank specialists, Suzette talks about trends in the compliance space, how clients are being assisted with these, and what CFOs should expect.
Five apps to help CFOs boost their productivity
It never ceases to surprise us that many CFOs heading up the finance departments of massive organisations equipped with the bleeding edge of technology are content to limit themselves to the equivalent of an abacus when it comes to boosting their own productivity. Here are five apps to help you get a handle on your personal productivity.
Finance Indaba 2017: Intellection is the leader in procure to pay improvement
“First and foremost, we have one focus: delivering value with a long-term objective of providing the best service in our industry," says Christo Jacobs, director at Intellection, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2017: Treasury Technologies gives you the benefit of in-house banking
"With Treasury Cloud Technology, the benefits of an in-house bank are within reach of most medium-sized companies and not just available for the select few listed firms," says Rudolph Janse van Rensburg, CEO of Treasury Technologies, a gold partner at the Finance Indaba Africa 2017 on 12 and 13 October 2017 at the Sandton Convention Centre in Johannesburg.
In tough times, is it better to cut costs or to optimise? CFOs discuss
During the first roundtable session of the June CFO Summit, South Africa's leading financial executives learnt operational strategies to cut costs and optimise their businesses, so as to retain their levels of productivity and maintain their organisations’ competitiveness.
Finance flash: the TOP-10 articles of week 22, 2017
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.
Finance flash: the TOP-10 articles of week 21, 2017
4 tips for more effective business presentations
You may be technically proficient in completing your finance duties, but so are many of others who are looking to climb the corporate ladder. Effective presentations and stakeholder communication will set you apart from your peers. Become your go-to person for engaging, informative and enjoyable business presentations that don’t leave the audience nodding off into dreamland and you are sure to see your stocks rise. Here are four tips on deliver more effective business presentations.
"Bankers of the future will be developers, designers and risk modelling people," says N26 CEO, Valentin Stalf
Banking is like Formula One, says Valentin Stalf, co-founder and CEO of mobile bank N26. This observation came a day after Valentin returned from the famous Monza race track north of Milan in Italy, where N26 was invited as the Fast Companies Series partner by British Formula One racing team, Manor Racing. “Of course, it was very cool to see our logo there, but when you are on the grid and in the pit lane, you also realise Formula 1 is a big myth,” he says. “Just like banking, people think it is really complex. When you get closer to the action, you realise it is a group of normal people working on cars. We have debunked the myth that banking is very complex.” We chatted to Valentin about the practical steps an entrepreneur needs to take to turn a brilliant idea into a thriving business.
CFOs must be open to frank conversations about race and transformation
Hosted by globally renowned public speaker, venture capitalist and entrepreneur Vusi Thembekwayo, yesterday’s CFO master class sought to bring to light the uncomfortable issues about inequality, the real impact of BEE and the prejudices that business leaders still have – be they white or black. Vusi opened the session with some chilling words, saying that one of the greatest lies told about South Africa is that the country had a peaceful transition to a democratic state.
Finance flash: the TOP-10 articles of week 18, 2017
CFO SA announces members-only event and tour with Walter Leonhardt
Membership of CFO SA offers many advantages, including access to the insights of leading finance executives across the industry spectrum. Coca-Cola Beverages South Africa FD Walter Leonhardt (pictured, left, with SizweNtsalubaGobodo CEO Victor Sekese) is one such mind.
Sustainability is key: WATCH SAICA CEO Terence Nombembe at #findaba16
CEO of the South African Institute of Chartered Accountants (SAICA) Terence Nombembe is one of the captains of industry shaping the accounting profession and has been a champion of the Finance Indaba since day one. Calling the Indaba a "unifying event that will help us build the nation" in his presentation, the former Auditor General of South Africa outlined his strategy for transformation of SAICA, which is based on effective collaboration and responsible leadership.
5 cornerstones of investor communication
Consistent, transparent investor communication can encourage ongoing evaluation and accountability, sheds light on new investment opportunities, attracts new investors and bodes well for future growth. Global financial services giant EY has gained some key insights into effective investor communication from discussions with CFOs, investors and executives as part of its Master CFO Collection of studies. Here are five EY tips on gaining investor confidence.
Insider's guide to clear communication
In this age of multi-channel communication, we need to be diligent about our communications because the consequences – be it at home, in the workplace or in the M&A environment – can be far-reaching.
3 CFOs on succeeding in Africa
For many South African companies, expanding successfully through the rest of the continent is a sort of Holy Grail. Many have been burned in their efforts and some abandon their plans completely after failing to negotiate difficult terrain. Here are three financial executives’ advice on doing business in Africa from our interview archives.
Voice IT wins African FinTech hackathon
FinTech startup Voice IT took the honours at the Africa Fintech Foundry (AFF) 48-hour Recode Nigeria hackathon, sponsored by Access Bank, winning N1,5 million cash, as well as a year's access to the IBM Bluemix artificial intelligence platform and the Microsoft BizSpark developer toolkit.
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.
Education equals success: Mervyn Coopen, FD of Strato IT Group
“Education is more important than anything else and will take us to the next level. I believe that helping to educate the masses in our country is a good and very necessary thing,” says Strato IT Group’s financial director, Mervyn Coopen. “Because education is often a key differentiator between you and success. I place emphasis on that and carry that message everywhere.”
Finance flash: the TOP-10 articles of week 9, 2017
5 terrible accounting jokes
Accounting is a profession that is plagued by horrendous stereotypes and accountants are never seen to be the life of the party. Thankfully, they tend to have a sense of humour about it. We’ve put together a selection of accounting gags to brighten up your Friday and perhaps give you something better to use as an icebreaker when you’ve got to go up and present those numbers. Please let us put the “extroverted accountant looking at your shoes” line and the polite twittering that goes with it out to pasture.
Finance flash: the TOP-10 articles of week 6, 2017
Easy Equities launches SA Champions portfolio
Online investment platform Easy Equities, the overall winner of the African FinTech Awards in 2016, has launched the BizNews SA Champions portfolio. With innovative CEO Charles Savage (pictured) at the helm, the award-winning platform allows investors to buy fractional shares in leading companies simply and cheaply.
How to turn finance turnaround - Coca Cola Beverages FD Walter Leonhardt
In July 2016, ABI merged with Coca-Cola and local bottler SABCO into the new entity Coca-Cola Beverages South Africa – and Walter Leonhardt, ABI financial director, had his transformative work cut out for him once again. In this interview, we speak to Walter about what it takes to establish a culture of continuous improvement, the innovative ways his ABI finance team overcame its challenges and the secret ingredients of a prize-winning leader.
Disabled entrepreneurs receive R30m boost
Announced by Minster of Small Business Development Lindiwe Zulu, the Amavulandlela Fund will support entrepreneurs with disabilities and be managed by the Small Enterprise Funding Agency.
Seven crucial steps to prevent invoice fraud
Invoice fraud, when a genuine invoice is altered to get a customer to pay for goods or services but into the wrong account, is increasing at a rapid rate, and while it is difficult to trace it is not impossible. In this guest article, John Mc Loughlin, MD of J2 Software, explains seven practical steps you can take to prevent invoice fraud from happening to your business.
Like giving birth! MiX Telematics CFO Megan Pydigadu about the NYSE listing
Three years ago, MiX Telematics decided their JSE listing was nice but that what would really boost the fleet and mobile asset management solutions firm was a New York Stock Exchange (NYSE) listing. CFO Megan Pydigadu, nominated for the CFO Awards in both 2014 and 2015, describes the listing process as a roller coaster ride. In this exclusive article, Megan shares a number of important lessons for companies that are considering going to New York.
The Woolworths watershed: Reeza Isaacs, CFO of the Year 2016
“Setting a target, being clear about it and measuring it are some of the key ingredients for my success,” says Reeza Isaacs, group finance director at Woolworths, who was elected CFO of the Year 2016 at the CFO Awards on 12 May. Reeza talks to us about his adventures in Australia, acquiring a new brand, his passion for transformation, and changing the mindset of the business to focus on balance sheet and return on capital.
Finance flash: the TOP-10 articles of week 45
Truth is power: Post Office executives talk about its turnaround
The South African Post Office has been beset by mismanagement and labour issues over the past few years, but CEO Mark Barnes and Postbank CFO Nichola Dewar have been credited with steering the organization into calmer waters. The pair discussed their efforts in a CFO SA session sponsored by KPMG and facilitated by CFO SA MD Graham Fehrsen at the Indaba Club in Johannesburg on 10 November 2016.
Women and success: Roy Clark chats to top CFOs Mary Vilakazi and Jo Pohl - #findaba16
Two vibrant women, Jo Pohl and Mary Vilakazi, whose dynamism and energy radiates throughout the room, sat down with Roy Clark from Clarkhouse Human Capital and discussed their views on women and success. To say it was inspiring is an understatement – these two women shared such powerful messages that even the most astute and experienced business person would walk away with a burning passion to succeed.
Diversity makes business sense: Gusti Coetzer chats to Brett Tromp - #findaba16
Diversity in the workplace is both constitutionally mandated and fundamentally good for business. This was the message from award-winning Discovery Health CFO Brett Tromp, in a discussion moderated by Talent Africa’s Auguste Coetzer, at the Finance Indaba held at the Sandton Convention Centre on 14 October 2016.
Let's get personal: Graeme Codrington on the renaissance of business in a digital age - #findaba16
“Students of the future are often students of history,” Futurist Graeme Codrington told attendants of the inaugural Finance Indaba Africa 2016, during his presentation on 14 October 2016. They study moments of change and disruption in history to understand what underlies huge disruption in our present age. Graeme – an international speaker, consultant, and best-selling author who has built a career out of preparing companies for change – believes that the echoes of the past, the ones that were present at the last major social renaissance, are present in the world today, and companies fail to heed them at their peril.
Take lessons and inspiration #findaba16 back to work: SAICA CEO Terence Nombembe
"Let's take the lessons and the inspiration from the Finance Indaba Africa with us and use it in our daily jobs," said SAICA CEO Terence Nombembe at the opening of day 2 of #findaba16. In an impassioned plea, he called on finance professionals to start contributing more to the future of South Africa, listing several practical steps for CA(SA)s and other finance professionals. "All of us need to be courageous enough."
Oversight and accountability: Auditor-General captivates Finance Indaba - #findaba16
A presentation by South African Auditor-General, Thembekile Makwetu was one of the hottest tickets at the inaugural Finance Indaba Africa – which opened at the Sandton Convention Centre in Johannesburg on 13 October 2016. The Auditor-General’s speech kicked off the 'Finance for Africa' track programme at the Indaba.
Finance Indaba 2016: Champions of financial inclusion
"We understand the world of fintech through our mobile expertise and having launched a financial services product in a regulated environment," says Ahmed Cassim, Chief Commercial Officer of Hello Group, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: Cellulant is all about transforming Africa
"FinTech is completely revolutionising the speed, the scale and the cost of getting services to the people. This is transformational for Africa – and it is this transformation that drives Cellulant to continue realising this for millions of consumers and thousands of businesses," says Ken Njoroge, Group CEO of Cellulant, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: Meniga brings banks and clients closer together
"A single platform can become the main source of information for all digital channels, not only enabling banks and other financial institutions to offer their clients an engaging experience, but also solving simple problems related to the integration of data and reducing infrastructure costs," says Jakub Piotrowski, CRO and Head of Customer Engagement at Meniga, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba programme: Leading with data and insight - #findaba16
The Finance Indaba Africa 2016 is almost upon us and it is time to start looking at what exactly lies ahead at the Sandton Convention Centre on 13 and 14 October 2016. Every day until the event, we will shine a light on the parts of the amazing programme. Today: Finance leading with data and insight, a two-day programme opening up the world of analytics and technology.
Finance Indaba 2016: The leader in enterprise information management
"CFOs have to have a deep understanding of these models and be creative around the understanding of the financial implications of the benefits and the risks to their businesses going forward," says Lenore Kerrigan, Country Sales Director for Sub-Saharan Africa at OpenText, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: ACTSA champions treasury management
"Key to the CFO’s success is having a reliable “wingman” in the form of the Corporate Treasurer, who provides support in not only managing financial variable risks, ensuring access to and supplying liquidity to business operations, but also in identifying, assessing and preparing for potential threats to business liquidity which may not be patently obvious and are difficult to identify when part of the myriad of issues the CFO is contending with," says Nigel Grey, chairman of the Association of Corporate Treasurers of Southern Africa (ACTSA), a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: Clean up your audits with the Auditor-General of SA
“We’ve always defined our service offering as audit and state of the nation type reports, but over the past five years, we’ve engaged with CFOs and accounting officers very proactively, especially around the basics of internal control that we believe can move them in the right direction," says Jan van Schalkwyk, corporate executive at the Auditor-General of SA, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: W.Consulting is your CPD partner
"Accounting professionals specifically, and finance professionals more generally, are faced with ever-evolving challenges arising from the expectation to remain abreast of standards and global best practices. Our role is to provide training opportunities that are flexible, affordable, relevant and of high quality," says Raymond Chamboko, director at W.Consulting, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba programme: SME Growth and Profitability - #findaba16
The Finance Indaba Africa 2016 is almost upon us and it is time to start looking at what exactly lies ahead at the Sandton Convention Centre on 13 and 14 October 2016. Every day until the event, we will shine a light on the parts of the amazing programme. Today: SME Growth and Profitability, a two-day programme for finance professionals working for smaller firms and medium-sized businesses.
Finance Indaba 2016: Scale up your business with Sureswipe
"Sureswipe champions entrepreneurial growth by ensuring that we can provide accessible and affordable payment solutions that add value and sustainability to their business," says Paul Kent, MD of Sureswipe, a silver partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
Finance Indaba 2016: Bytes gets you ahead of the game
"Kronos WM applications are crucial in enabling greater visibility into labour activities for the purposes of effectively managing and maximizing worker productivity, controlling labour costs, tracking operational tasks and minimizing compliance risks," says Yolanda Krajnc, Sales Manager of Bytes Systems Integration, a gold partner at the Finance Indaba Africa 2016 on 13 and 14 October 2016 at the Sandton Convention Centre in Johannesburg.
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