Standard Bank offers a range of banking and related financial services.
Logic and numbers always prevail, says Lucas Verwey, Group FD Distell
"It is a very fine balance between high level and detail, because you can't be high level without understanding the detail first."
CFO Awards 2018: high praise from CFOs and sponsors
CFOs and business leaders from partner firms like Deloitte, PwC, EY, Thomson Reuters and Ansarada showered the 2018 CFO Awards in compliments and rave reviews after the successful gala event on 10 May at Constitution Hill.
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.
Big banks, big bucks
Finance bosses at SA's largest banks take home pretty pleasing paycheques.
Rolfes Holdings: André Broodryk
André Broodryk has been the Chief Financial Officer of Rolfes Holdings since 6 November 2017.
Old Mutual Life reports slump in profits
The company is primarily concerned with the provision of all classes of life assurance, savings and retirement funding
Transaction Capital: Ronen Goldstein
Ronen Goldstein has been Executive Financial Director of Transaction Capital since August 2016. He has served as its company secretary since December 2014.
Peregrine Holdings Ltd: Robert Katz
Robert Katz has been the Chief Financial Officer of Peregrine Holdings since January 2010.
Do the right thing: CFO Summit discusses risk and reputation
Do the right thing. That is the best way to enhance, manage and protect the reputation of your business, said award-winning Woolworths CFO Reeza Isaacs during an incredibly powerful CFO Summit discussion in Cape Town.
Standard Bank Group global headline earnings up 14% to R26.3 billion
Sim Tshabalala, Standard Bank Group CEO, says the bank is optimistic about SA's economic prospects.
WG Wearne: Marius Bierman
Marius Bierman has been Chief Financial Officer of WG Wearne since 24 January 2017.
Hulisani: Masibulele Dem
Masibulele Dem has been the Chief Financial Officer of Hulisani since July 2017.
TWK Agri FD Eddie Fivaz talks finance, farming and the Free State
Today's trying times require us to be the absolute best that we can be, says TWK Agri's Eddie Fivaz.
Momentum Metropolitan Holdings: Risto Ketola
Risto has been serving as the group finance director of Momentum Metropolitan Holdings since 8 January 2018.
Business Connexion: Refilwe Nkabinde
Refilwe Nkabinde has been Chief Financial Officer of Business Connexion since February 2016.
Call for visible leadership at landmark CFO/CHRO event
Business leaders were equally inspired and challenged during the first ever combined executive summit for CFOs and CHROs in the beautifully decorated Summer Place in Hyde Park, Johannesburg. Larger-than-life Sygnia CEO Magda Wierzycka took the stage to call for visible leadership, followed by a panel discussion with equally dazzling Aarti Takoordeen (JSE Limited) and Sean Doherty (Standard Bank).
FNB ranked South Africa's most valuable banking brand
FNB has surpassed Standard Bank in the ranking of most value banking brand in South Africa.
Mediclinic: Jurgens Myburgh
Jurgens Myburgh has been group Chief Financial Officer since August 2016.
4 top CFOs reveal their recipes for success
We scoured our archives to find handy tips for success from leading CFOs
4 hot tips from leading CFOs
We scoured our archives to find insights from top executives
A celebration of the power of finance: CFO Awards interviews in full swing
The esteemed panel of judges of the CFO Awards chatted to the majority of the 2018 nominees during a jam-packed interview week, hosted at the Sandton offices of law firm Webber Wentzel.
Raising the bar: interviews nominees CFO Awards 2018 kick off
The rigorous interview process for the CFO Awards 2018 kicked off in impressive fashion, with seven two-hour long interviews with SA's best finance leaders.
IFRS 9 explained
Standard Bank's Stephen Brickett and Paul Fallon explain IFRS 9 and what it means for CFOs
MMI CFO Risto Ketola appointed FD
Risto Ketola, currently chief financial officer of MMI, has been appointed the group's FD
5 leadership tips from top CFOs
We scour our archives to bring you compelling advice from leading executives
Standard Bank appoints Lungisa Fuzile new CEO
Standard Bank has announced that Lungisa Fuzile will be its new CEO as of 15 January 2018
Be purposeful, says Standard Bank boss, Sola David-Borha
Sola David-Borha, African Regions boss at Standard Bank, shares her leadership advice
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.
Clients first! FD Arno Daehnke reveals Standard Bank's five value drivers
Standard Bank operates with a model that lists five value drivers. And financial outcomes are not even number 1, 2 or 3.
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.
To drive innovation, you need to allow failure, says Standard Bank's Josef Langerman
Josef Langerman, Group Head: Software Engineering and Organisational Change, talks about new ways of working at scale.
Business needs to help shape SA's future: CFO Summit looks to 2018
Finance executives who flocked to the last CFO Summit of year in Johannesburg were treated to exclusive insights from Standard Bank's 'super economist' and treated to a thought-provoking panel discussion with business leaders.
The CFO must be a leading voice, says Sihlalo Jordan, Deloitte's deputy CE
“Every CFO is now a strategic partner to the organisation and has to be,” says Mgcinisihlalo Jordan, partner and deputy Chief Executive for Deloitte Africa. Better known as Sihlalo, the former leader of the firm’s financial services practice in Africa has an astute understanding of what should be expected of modern finance leaders. CFOs should champion the rise of disruptive technologies within their organisations, he said during an exclusive interview with CFO South Africa, where he also spoke about finance leaders’ responsibility to promote an aligned strategy, future-focussed technology and shining integrity.
Navigate your future: CFOs flock to 'super summit' on 16 November
There is a lot at stake right now and your career and your business require that you make smart choices if you want to effectively navigate your way into 2018. And smart choices start with good information. The final CFO Summit of the year features boasts peer-to-peer learning and debates, plus exclusive insights on South Africa’s economic and political future from leading economist Goolam Ballim (Standard Bank), ZAR X CEO Etienne Nel and Deloitte's deputy CEO Mgcinisihlalo Jordan.
The future of Africa is trade, says Standard Bank's Group Head of Trade, Vinod Madhavan
The responsibility of Group Head of Trade is both humbling and exciting, says Vinod Madhavan, whose career has taken him across Africa and Asia (living and working in India, Singapore and South Africa). “It affords an opportunity to work in the intersection of my passion and desire to contribute to achieving Standard Bank’s social, economic and environmental (SEE) outcomes.” Vinod says his experience of engaging customers across 25 countries has afforded him the opportunity to learn from the experiences in offering trade and working capital financing solutions to clients in institutional, corporate, commercial and business banking client segments.
Seismologist turned finance boss: a chat with Standard Bank FD, Arno Daehnke
“High return on equity is one thing but with R2 trillion of assets, the bank can really make a difference in people’s lives and the economies in which we operate,” says Standard Bank FD Arno Daehnke.
Digitisation take centre stage in African banking strategy
Africa presents the ideal environment in which to evolve a new cash and payments services architecture – by linking rapidly changing customer expectations with new technologies. This puts banks squarely at the centre of mediating the creative clash of trends and technology – as Africa’s financial institutions harness disruption for innovation and growth.
CFOs can expect continued volatility in our markets, says CIB's Sun? Brugman
“At Standard Bank, we focus on business opportunities that help our clients grow financially and socially, in all the countries in which we operate,” says Sun? Brugman, chief risk officer for Corporate and Investment Banking (CIB) at Standard Bank. “Equally, we aim to bring new business and investment into Africa by connecting the major markets outside of Africa to the continent.”
Funding SA's future - Standard Bank's Feenix takes flight
In response to the highly charged ‘Fees must Fall’ protests that began in 2015, South Africa’s students were desperate to be heard, and Standard Bank opened their ears. Jayshree Naidoo, head of the Standard Bank Incubator and CEO of Feenix, spoke to the gathered crowd on 13 October 2017 at Finance Indaba Africa about student access to fees. In the aftermath of the aforementioned movement, the need has become even more pressing, she said.
FNB, The Sun Exchange defend African FinTech Awards titles
Three category winners were announced at the end of a first day of pitches at the African FinTech Awards, part of Finance Indaba 2017 at the Sandton Convention Centre on Thursday, 12 October, with a couple of familiar faces dominating once again.
"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”.
Standard Bank making waves with innovation for public benefit
Standard Bank is putting their money where their heart is, with the launch and growth of two “public good” programmes: the Standard Bank Incubator, and Feenix. Head of the Incubator, Jayshree Naidoo, showcased the work of these projects in one of the opening sessions at the Finance Indaba 2017, held on 12 October.
The impact of digital on banks is huge, says Standard Bank's James Nicolson
Digital technology is having a huge impact on banks, says James Nicolson, chief architect for Corporate and Investment Banking: digitisation and blockchain, at Standard Bank. “Like many industries, it started out at the consumer end of banking, and now we are seeing a strong drive at a CIB level towards a much richer digital experience.”
Reinventing your solutions - your business will depend on it: Finance Indaba sneak peek 19
Are you just a bean-counter or do you want to make a more meaningful contribution and solve real business challenges? In this thought-provoking session at Finance Indaba Africa, you will learn more about how one organisation is reinventing its customer solution without losing its core purpose. Join Khomotso Molabe, Executive & Head Digital Banking, Moonshots and e-Commerce at Standard Bank and Warren Bond (pictured), Executive at Purple,and learn how you can navigate your current infrastructure and legacy systems to successfully reinvent your solutions. If your business wants a future this session will offer you a perspective like no other.
Want to grow your business? Choose the right partner: Finance Indaba sneak peek 16
This session will bring you business leaders who have taken bold steps and successfully grown their business on the African continent. Despite all the complexity growth is still possible. You'll hear the inspiration, struggles and successes from those who dared. If you want to grow your business in 2018, you can't miss this session at Finance Indaba Africa with Standard Bank's Sean Doherty.
Innovative models to build a better future: Finance Indaba sneak peek 11
If you’re a financial or corporate professional, this talk will provide you with key insights on how large organisations use innovative and disruptive models to deliver what matters. The speaker, Jayshree Naidoo, is an innovation thought leader, the Head of the Standard Bank Incubator, the current CEO of Feenix She will take you through two specific models that Standard Bank has adopted to solve some of the most pressing challenges we face as a country. Don't miss her insights at Finance Indaba Africa!
Standard Bank partners with US FinTech accelerator
Standard Bank has joined the US-based INV FinTech accelerator programme as a partner in order to open up the African FinTech market for programme participants startups.
Create a broader environment to drive innovation, says CIB's Anré Klopper-Stroh
“Our role within Human Capital is to be the custodians of culture and strategically partner the people agenda that enables our business strategy,” says Anré Klopper-Stroh, Human Capital Head for the Corporate & Investment Bank (CIB) within the Standard Bank Group. “The role of the Human Capital team within CIB is to partner our people in, for and across Africa to realise their ambitions, thus enabling our clients and the communities in which we operate to achieve their objectives. Furthermore, we need to position ourselves for what the future holds by understanding the mindsets, skillsets, and toolsets required for our people to stay relevant and contribute to the ambitions of the business into the future.”
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.
Sim Tshabalala sole Standard Bank CEO
Sim Tshabalala (pictured) has been appointed the sole CEO of Standard Bank Group, bringing to an end the dual role he shared with Ben Kruger. The appointment also makes Tshabalala the first black person to lead Africa’s largest lender independently.
Seamless East Africa FinTech conference opens doors in Nairobi
Seamless East Africa – the region’s most extensive technology and solution event for the FinTech, payments and banking industries – opened its doors yesterday at the Radisson Blu Hotel, Nairobi.
Standard Bank's Funeka Montjane: FinTech is changing the face of banking
“There’s never been a more wonderful time to be a banker,” says Funeka Montjane, CEO of Personal and Business Banking at Standard Bank. Montjane, a 2015 WEF Young Global Leader, believes that the future of banking lies in creating time for customers with the help of automation, artificial intelligence and FinTech. Speaking about the future of banking at the Singularity University South Africa Summit, hosted on the continent for the first time in collaboration with Standard Bank, Montjane said that we’re living in what Stephen Hawking called ‘the century of complexity’ – in a more compressed and globalised world characterised by rapid disruption, and where information is free.
When Sizwe Nxasana speaks about the future of education, you listen
“We just have to look at high-paying jobs today that didn’t exist 10 years ago, in order to understand that, according to WEF, 65 percent of students entering primary school today will ultimately end up working in completely new job types that don't yet exist,” said Sizwe Nxasana, founder of Future Nation Schools, Chairman of both the National Education Collaboration Trust and National Student Financial Aid Scheme, while speaking on the future of education at the first Singularity University South Africa Summit. Sizwe is also one of the founders of SizweNtsalubaGobodo and a former Firstrand CEO. “Yet our education system is still based in the architecture of the 19th and 20th century,” he continued.
Create a lasting legacy, says Standard Bank CIB CEO, Kenny Fihla
“The biggest ambition that I have is to always leave a better legacy than the one I found when I took on a responsibility,” says Kenny Fihla, who took over from David Munro as chief executive of Standard Bank Corporate and Investment Banking (CIB) in May this year. “What will the next generation of people or leaders in my role think when they assume the responsibility that I’m currently fulfilling that forces me to think about my actions? I get obsessed thinking about that – the creation of a lasting legacy.”
`Valuable insights and networking opportunities` at CFO Summit Series
The CFO Summit Series is an initiative from CFO South Africa to encourage networking and knowledge-sharing among finance professionals. Having only having been launched this year, with four instalments thus far, the series has taken off, with amazing feedback from guests.
Put your best people on the deal team, says Telkom's Deon Fredericks
A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “Do two rounds of due diligence, put your very best finance team members on the deal and make sure you do your homework,” says Telkom Group CFO Deon Fredericks.
Harness technology to navigate regulatory flood - Executives urge forward thinking at CFO Summit 4
Seven minutes. 300 million. $321 billion. Every seven minutes a new piece of regulation is introduced globally, the number of pages of regulation in existence and the number of dollars paid since the financial crisis of 2008. In an intriguing presentation at CFO Summit 4 at Summer Place in Sandton on Thursday, Thomson Reuters Africa MD Sneha Shah examined how the flood of regulation was impacting companies around the world and provided solutions for those that were struggling to cope with compliance.
Operate at the coalface to be a catalyst for change - CFOs at CFO Summit 4
Agility is a word that is bandied about in boardrooms across South Africa, but how does one actually achieve it? How do you step away from your desk as a CFO and really get to grips with the business? Can you find out how the business ticks without abandoning your finance duties?
Bulelwa Mdlophane new CFO for CIB Global Market
Standard Bank has appointed Bulelwa Mdlophane as its new chief financial officer for Corporate and Investment Banking (CIB) Global Market. Mdlophane says the appointment as CFO came after she had been “filling in” the role for almost 12 months.
Engage with Public Sector CFO of the Year 2017 Ramasela Ganda at CFO Summit 4
Ramasela Ganda is the first-ever municipal CFO to win at the CFO Awards. In Ekurhuleni Municipality, she introduced state-of-the-art technology and convinced politicians to not only focus the budget on social grants.
This is the best CFO Summit of 2017 - join us on 19 July #agility #cfopanel
Agile finance leaders are embracing a new operating model for finance that is responsive and change-ready and are championing digital technologies, while investing in new skillsets to provide the analytical capability for insight and strategic guidance the business requires in adopting new digital business models and ways of working.
The CFO is the connector in dealmaking, says Bowmans' Charles Douglas
A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “Ideally, the CFO shouldn’t only focus on the financials, there needs to be a cross-over. The CFO, along with other execs, can really help to join the dots in a deal,” says Charles Douglas, head of M&A at law firm Bowmans.
Leadership insights from leading executives
Modern CFOs is being called upon to take a more prominent role in leading their organisations, in many instances, filling in for the CEO. As such, technical competency is no longer enough to succeed at the elite level and leadership qualities become more significant. We delved into our archives to bring you leadership advice from some top executives from a variety of industries.
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.
Engage with CFO of the Year 2017 Till Streichert at CFO Summit 4
Till Streichert (pictured), CFO of mobile communications company Vodacom Group, walked away with three awards at the 2017 CFO Awards in May. Besides claiming the coveted title of CFO of the Year, the quiet-spoken German national also scooped the Strategy Execution and Finance Transformation honours.
Standard Bank CIB CEO Kenny Fihla's ideal CFO
Kenny Fihla was recently made CEO (he was, until then, deputy CEO) of Standard Bank’s Corporate and Investment Banking division. For him, the ideal CFO needs to be three key things: a core partner, concerned with sustainability, and a sanity check for the organisation. “If a CFO can play these three roles exceptionally well, you’ve got a winner.”
If you want to see deal success, plan, says Ansarada's Arie Maree
A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “You cannot over-plan,” says Arie Maree, Ansarada Managing Director for Africa and the Middle East. “Once the rubber hits the road with a deal, there are tight timelines, plenty of stress and lots of money at stake. More planning means a smoother due diligence and ultimately, a smoother transaction,”
Kenny Fihla new CIB CEO
Kenny Fihla (pictured) has been appointed Chief Executive of Standard Bank’s Corporate & Investment Banking (CIB) division, effective immediately. Kenny takes over from David Munro, who will be fulfilling the role of CEO at Liberty, also part of the Standard Bank Group.
Golden opportunity: WATCH Standard Bank's Tiro Motlogeloa at #findaba16
As one of the foremost financial institutions on the continent, Standard Bank has been making great things happen in Africa for over 154 years. The bank currently operates in 20 countries on the African continent, including South Africa, as well as in other selected emerging markets, and employs more than 54 000 people across its 1 221 branches. CFO South Africa is pleased to have retained such a prestigious diamond partner for Finance Indaba 2017.
There's no one-size-fits-all solution in forex, says Standard Bank's Richard de Roos
“Everyone has a different way of thinking about FX and settling and hedging their FX and we must solve and understand for each of these,” says Richard de Roos, Head of Foreign Exchange for the Standard Bank Group. In this, the second article in a series from Standard Bank specialists, Richard talks about forex trends in Africa, what Standard Bank is doing to stay ahead of the pack, and what CFOs should expect in this arena.
In deal making, understand what you buy, says Deloitte's Karin Hodson
A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and deal makers about the homework a growth-hungry company needs to do. “The due diligence report is often just used to tick the box and the findings are not adequately translated into the pricing and sale and purchase agreement,” says Karin Hodson, Partner and Transaction Services Leader at Deloitte. Failure to undertake adequate due diligence can result in significant erosion in value and potential losses of customers, staff and everything in between, she adds.
Meet Debbie Ransby (Takeda), winner of the Moving into Africa Award
At the recent CFO Awards, held on 11 May at the stunning Summer Place in Johannesburg, Debbie Ransby of pharmaceutical firm Takeda Africa walked away with the Moving into Africa Award, received largely because of her change management work in Egypt, where she faced numerous tough challenges, including diverse cultures and complex business practices.
Look for the opportunity within the crisis, says Standard Bank's Zaid Moola
“In South Africa, the full impact of a downgrade to sub-investment status will probably only manifest over the next 12 to 18 months. Companies in strong balance-sheet positons should be cautiously opportunistic and look for value-enhancing acquisitions both in South Africa and abroad. As much as economic conditions may be tough, my view is that we should never let a good crisis go to waste,” says Zaid Moola, Head of Client Coverage South Africa for Corporate & Investment Banking (CIB) at Standard Bank. In this, the first article in a series from Standard Bank specialists, Zaid talks about the trends he is seeing in his area of expertise and offers expert advice for CFOs.
SA FinTech Synthesis acquired for R132m
JSE-listed speciality finance company Capital Appreciation has acquired FinTech firm Synthesis for R132,1 million.
The CFO should ensure due diligence is accurate and meticulously undertaken, says Sibanye's Charl Keyter
A thorough, smart and stealthy due diligence process is among the top ingredients for successful mergers and acquisitions. We spoke to finance executives and dealmakers about the homework a growth-hungry company needs to do. “You don’t always want to let the staff of the other company or companies know you are doing this process,” says Sibanye Gold CFO Charl Keyter. “You have to be stealthy so as not to raise suspicions.” Charl gives one of the best and certainly most amusing explanations of due diligence:
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.
Delighted with growth of CFO Awards - CFO SA MD Graham Fehrsen
With CFO Awards 2017 just eight days away, CFO SA MD Graham Fehrsen has expressed his excitement at the development of the event. The annual 'Oscars for South African CFOs', to be held on 11 May, recognise CFOs of listed companies, large corporations, state-owned entities and government institutions, and awards them for outstanding performance and leadership.
Finance Indaba - a CFO's best talent strategy
Finance Indaba Africa is the only annual event on the continent where thousands of registered accountants and other finance professionals gather under roof for two days to advance their knowledge, networks and careers. Which CFO would say no to a finance team that is rejuvenated, full of new ideas and better connected than ever before – for FREE?
Effective CFOs know their business, says Standard Bank's Sean Berrington
"In the early days of the Group IT transformation it became clear that, unless the finance team transformed as well, we would become irrelevant. As a result, we needed to radically relook at how we run our staff engagement and processes," says Sean Berrington, CFO for Group IT at Standard Bank. Sean has been the finance boss of a “billion-dollar IT organisation” since mid-2016. Add to this his intimate experience of agile ways of working and he might just be the ideal person to talk to about the crossroads of threats and opportunities that technology and finance bring to banks and finance professionals.
OfferZen, Standard Bank to introduce programmable bank account
Root, an OfferZen initiative, and Standard Bank have teamed up to launch a lightweight bank account, which comes with a programmable credit card, online banking interface, mobile app, and APIs.
Summit Series gathers momentum
CFO South Africa’s debut season of CFO Summits has been a phenomenal success thus far, with the series attracting interest from leading financial executives eager to gain insights from their peers and opinion leaders.
Enabling accountability: WATCH Auditor-General Thembekile Makwetu at #findaba16
South African Auditor General Thembekile Kimi Makwetu was one of the high-profile names at the Finance Indaba 2016. He opened the Finance for Africa programme and shared his vision on the importance of finance and how the Auditor-General of South Africa (AGSA) is enabling oversight, accountability and governance in the public sector.
Save money and create value? Property-savvy CFOs share insights and knowhow
On Tuesday evening, a small group of leading CFOs gathered for an exclusive dinner on one of the most exclusive pieces of real estate in Johannesburg: The Four Seasons Hotel, Westcliff. Given the complex relationship most large businesses have with property, it was an evening of far-ranging and sometimes unexpected conversation.
Cloud power and volatility's opportunity: jam-packed Cape Town CFO Summit
In an ever more volatile world, chief financial officers constantly have to revise their strategies to anticipate changing markets and currencies, particularly when considering large-scale acquisitions.
Find strength in diversity, says Refilwe Nkabinde, BCX CFO
Four powerful women – a mother, a grandmother, an accounting teacher and a career mentor – helped Refilwe Nkabinde to become BCX CFO at age 37. She spoke to CFO South Africa about her remarkable journey. “I feel equipped with all the tools I need to be a CFO.”
Will crowdsourcing make talent management obsolete, asks Google's Terrence Taylor?
Crowdsourcing promises to make scarce and critical skills available cost effectively, perhaps close to 90 percent cheaper, and disruptively. Yet most companies currently rely on talent management – a human resource function that has been around for over half a century but whose tools and techniques has changed little during its existence – to identify, attract, develop and keep talented people who have these sought after scarce and critical skills. The question is: will crowdsourcing make talent management obsolete?
Sasfin's Lushen Pather nominated for CFO Awards
Sasfin CFO Lushen Pather has been nominated for the 2017 CFO Awards. The annual 'Oscars for South African CFOs', to be held on 11 May, recognise CFOs of listed companies, large corporations, state-owned entities and government institutions, and awards them for outstanding performance and leadership.
Dealmaking is about people - McDonald's SA CFO Zafar Mahomed
“Successful dealmaking is about people. Don’t rely on spreadsheets – get out there and understand the personal dynamics. I think 80 percent of it is about process flow, stakeholder management and people,” said McDonald’s SA CFO Zafar Mahomed in a CFO masterclass entitled Survival of the dealmakers.The insightful discussion formed part of the first instalment of the CFO Summit series and was hosted by CFO SA MD Graham Fehrsen at the opulent Summer Place in Sandton, Johannesburg, on Tuesday.
Cybersecurity in the spotlight in first CFO Summit for 2017
“If traditional information security is about building a broad defence against attack, cybersecurity is really an attacker-centric approach. It's the knowledge of your attacker that drives your cyberinitiatives,” said Sean Howell (pictured), MD of Redshift Cyber Security, during this morning’s CFO masterclass on The Art of Breaking In, presented as part of the CFO Summit 2017. Howell, a professional hacker, provided welcome, albeit unsettling, insight and encouraged CFOs to start thinking like attackers in order to best protect themselves and their organisations. All businesses are at risk because all businesses possess information that it vital to their operations and thus vulnerable to exploitation from hackers, he added.
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.
Expanded CFO Summits meet demand for learning
The role of the CFO is shifting beyond the traditional set of responsibilities. More and more financial executives are talking about the growing pressure on them to have a handle on a range of issues, from technology to people and strategy. This accelerating demand on finance professionals of all levels to evolve and add more value to their organisations is coupled with a rapidly increasing demand for quality peer-to-peer learning and networking opportunities. CFO South Africa is in intent on meeting this demand through events, dinners and print and online content. One of these events is the CFO Summit, which brings together leading minds to interrogate pertinent topics and has been expanded to encompass three learning tracks this year. We spoke to CFO South Africa MD Graham Fehrsen to find out more about the Summits.
5 CFOs who grew up poor
The country's CFOs have the financial firepower to enjoy a luxurious lifestyle, but for many, the life they now lead in the upper echelons of business is a world away from the circumstances they found themselves in growing up, dreaming of a better life. Here are five CFOs who overcame the odds to beat poverty and join an elite club of financial executives:
Finance flash: the TOP-10 articles of week 50
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.
Standard snaps up stake in Firepay
Big Four financial institution Standard Bank has bought a majority stake in Firepay, which produced the SnapScan quick payment app in partnership with the bank in 2014. SnapScan, which allows users to make payments from their mobile device by scanning a QR code, now has more 32 000 physical and online merchants onboard.
Peregrine's Robert Katz nominated for CFO Awards
Peregrine CFO Robert Katz has being nominated for a CFO Award in 2017, after being put forward for an award in 2016 as well. The annual 'Oscars for South African CFOs', to be held on 11 May, recognises CFOs of listed companies, large corporations, state-owned entities and government institutions and awards them for outstanding performance and leadership.
Atlas Mara's Arina McDonald nominated for CFO Awards 2017
Arina McDonald has been recognised for her work at Atlas Mara by being nominated for a CFO Award. The annual 'Oscars for South African CFOs', to be held on 11 May, recognises CFOs of listed companies, large corporations, state-owned entities and government institutions and awards them for outstanding performance and leadership.
Policeman and enabler: CFOs discuss risk, tech and culture
With cybercrime, Brexit and the surprising result of the US elections affecting economic sentiment, these are unpredictable times. The modern CFO has to contend with the risks of this environment, acting as both policeman and enabler, but relinquishing the natural tendency to forgo all risk.
Banks must reconsider core competency: WATCH Standard Bank's Danielle Laity at #afta16 #findaba16
As the oldest bank in the country, Standard Bank has a lot of challenges to overcome in terms of legacy systems. During her pitch at the African FinTech Awards at the Finance Indaba Africa 2016 in October, the bank’s manager of innovation capability Danielle Laity explained what her organisation was doing to better serve its customers in an era marked by fear in the banking sector amid the threat of being unbundled and attacked.
CFOs need to be ruthless and human: Peregrine Group CFO Rob Katz
As Group CFO of Peregrine Group, Robert Katz says he has learnt valuable leadership lessons from his two favourite hobbies - boxing and long-distance running. In this exclusive interview Rob discusses the need for finance leaders to be both ruthless and human, and shares what he has learned in the ring, on the road and beyond.
Top CFOs discuss their appetite for risk during November's CFO breakfast
An incredible lineup of top CFOs will shine their light on the topic that can make or break a modern business: risk. Inspired by Facebook founder Mark Zuckerberg's quote 'The biggest risk is not taking any risk', finance executives Sandile Ntsele, (MTN South Africa), Luvuyo Masinda (Standard Bank CIB) and Charl Keyter (Sibanye Gold) will discuss risk and results, not as a threat but as an opportunity.
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:
Fighting for survival: Post Office CEO and CFO reveal all at public sector event
CFO South Africa is hiring an experienced media sales manager
Local currency and DFIs: an opportunity for African financing - Standard Bank at #findaba16
Standard Bank treasurer Paul Burgoyne brought together a strong panel at the Finance Indaba Africa on 13 October 2016, to discuss accessing liquidity in Africa. The speakers included CFO and VP of Olam International, Bikash Prasad, as well as three Standard Bank team members: head of institutional sales Africa, Mark Kalil, VP for power and infrastructure finance, George Kotsovos, and global head: client solutions & distribution, global markets Steve Barnes.
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.
CFO South Africa is hiring an experienced media sales manager
Are you looking for a great job in an international fast growing company? You found it. A fantastic chance for an experienced media sales manager. A great challenge for a skilled professional that wants to make a real contribution to Africa and to the company: CFO South Africa PTY Ltd, your future employer.
Three lessons from Shakespeare - Standard Bank IB CFO Sean Doherty at #findaba16
What could Shakespeare’s life possibly teach us about finance today? Standard Bank’s Sean Doherty has some ideas…
Boardroom skills as important as the numbers, say public sector CFOs - #findaba16
CFOs in the public sector have to be as skilled in the art of strategic relationship-building and diplomacy as they are with working with numbers, finance executives agreed in a breakaway session at the Finance Indaba Africa at Sandton Convention Centre in Johannesburg on 14 October 2016.
Riding the tides of African volatility: Standard Bank discusses the continent - #findaba16
The “Africa rising” narrative that dominated headlines ten years ago has taken an anecdotal beating, affected by the downturn in commodities, and several of the continent’s biggest economies being plagued with poor growth, both private and public corruption, and political bad news. But, investment wise, does that mean Africa is no longer a strong growth space? Do investors consider this bubble burst?
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.
2016 African FinTech Awards: insane in the blockchain - #afta16 #findaba16
Cube Bucks, The Sun Exchange and Bankymoon went head to head in the hotly contested Blockchain & Bitcoin category of the 2016 African FinTech Awards at the Finance Indaba Africa at Sandton Convention Centre in Johannesburg on 13 October 2016.
It's time! Finance professionals flock to Finance Indaba Africa - #findaba16
The day that finance professionals have been looking forward to for many months has finally arrived - it is time for Finance Indaba Africa! With two days of learning, inspiration and unparalleled networking, the inaugural event has already established itself as the biggest conference and expo for African finance teams in the world. The numbers are impressive: 13 & 14 October 2016, Sandton Convention Centre, 5000 attendees, 120 sessions with speakers and discussions and 75 exhibitors.
Finance Indaba programme: Public Finance Leadership - #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: Public Finance Leadership, a programme tailor-made for people with an interest in helping the country forward in the public sector.
Navigate tomorrow's unknown: CFOs dine with a futurist
There was an electric discussion even before guests had sat down at last night’s CFO South Africa dinner. That’s to be expected when you bring exceptional finance leaders together from across multiple industries. When you add a futurist and fantastic know-how of executives from partner Old Mutual Corporate, the learning is palpable.
Award-winning CFO Greg Davis moves to Ecobank
Award-winning finance executive Greg Davis has been named Chief Financial Officer of Ecobank Transnational Incorporated (ETI). From 18 October 2016 he will be responsible for overseeing and ensuring strategic management of all financial and fiscal aspects of the bank’s finance operations from its headquarters in the West-African country Togo.
Finance Indaba programme: High Performance Finance - #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: High Performance Finance, a programme on 14 October, moderated by Chris Ellis of Vickers & Peters.
Finance Indaba programme: Finance for Africa - #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 for Africa, a two-day programme moderated by Didi Sehume, Treasury and Securities Services associate at JP Morgan.
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Standard Bank Group is the largest African banking group by assets, with a market cap of approximately R289 billion (USD20 billion), offering a range of banking and related financial services across sub-Saharan Africa.
Our strategy is to be an African focused, client-centred, digitally enabled universal financial services organisation, which drives Africa’s growth and creates value for all our stakeholders. Our clients are at the centre of everything we do. This is our central organising principle in building a digitally-enabled universal financial services organisation. It aligns our efforts to change the way we do things, develop our people and shift our culture, and ultimately create a sustainable competitive advantage in a changing industry.
We have a 156-year history in South Africa, and started building a franchise in sub-Saharan Africa almost 30 years ago. We have an on-the-ground presence in 20 countries on the African continent, and solid local knowledge required to operate a successful business in Africa.
Our presence in and connection with, global financial centres enables us to facilitate investment and development flows in Africa, and access to international capital to facilitate growth, diversification and development in Africa. We also have a strategic partnership with the largest bank in the world, Industrial and Commercial Bank of China (ICBC), who is a 20% shareholder in the group.
The long-term foreign currency ratings for The Standard Bank of South Africa, the single largest operating entity within the Standard Bank Group, are: Fitch Ratings BB+ (stable) and Moody’s Baa3 (Rating under review). Click here to read more on credit ratings. The group has been listed on the JSE since 1970, with share code SBK, and the Namibian Stock Exchange, share code SNB.
We subscribe to the Code of Banking Practice, a set of principles governing banking in South Africa and ensuring the highest standards of professionalism, integrity and fairness.
Phone: 0860 123 000