All Articles (2,518)

Frantz Scheepers replaces Elton Bosch as Clover CFO

Frantz Scheepers has been appointed the new CFO of Clover Industries, replacing 2017 CFO Awards nominee, Elton Bosch (pictured).

Starting 1 November, for two months, Scheepers will act as the CFO designate, working closely with Bosch to ensure a smooth transition. He will then formally take over…

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Added by CFO South Africa on October 23, 2017 at 19:00 — No Comments

Finance flash: the TOP-10 articles of week 42, 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.

1. …

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Added by CFO South Africa on October 23, 2017 at 15:30 — No Comments

Ghanian FinTech Bloom Impact attracts Canadian investment

Ghana’s Bloom Impact, a machine learning loans marketplace accessible from smartphones has raised undisclosed funding from Engineers Without Borders Canada, EWB Ventures, an early-stage investor in innovative Africa-based social enterprises.

EWB has also invested in M-Shule,…

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Added by CFO South Africa on October 23, 2017 at 8:00 — No Comments

CFOs can expect continued volatility in our markets, says CIB's Sunѐ 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 Sunѐ 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…

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Added by CFO South Africa on October 23, 2017 at 6:00 — No Comments

Emirates company buys majority stake in SA distribution startup

Maritime & Mercantile International (MMI), a subsidiary of the Dubai-based Emirates Group, has acquired a majority stake in Brand 2 Consumer Premium Drinks Company (B2C), a South Africa-based alcohol distribution startup.

Peter Hart (pictured), B2C CEO and founder (also former…

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Added by CFO South Africa on October 22, 2017 at 10:00 — No Comments

Don’t be afraid of iXBRL, says Ince’s Linda Buchler

iXBRL is a scary word right now, Linda Buchler, regional managing director at Ince, said at last week’s Finance Indaba Africa 2017, held at the Sandton Convention Centre. She went on to unpack what iXBRL means.

  • Check out our …
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Added by CFO South Africa on October 22, 2017 at 8:00 — No Comments

Managers, take bullets for your teams

Building a culture of trust is an integral part of team building and ensuring that you have a thriving work environment, conference attendees were told during a discussion at last week’s Finance Indaba Africa 2017, held at the Sandton Convention Centre, between the financial director of Curro Holdings, Bernardt van der Linde, and Sasfin Bank Limited…

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Added by CFO South Africa on October 22, 2017 at 6:00 — No Comments

SAICA took money from Gupta-linked firm

The South African Institute of Chartered Accountants (SAICA) accepted a R1.2 million donation by Trillian in March of this year. It also thanked the Gupta-linked company for the role it played in nation building and furthering its efforts for the chartered accountancy…

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Added by CFO South Africa on October 21, 2017 at 21:00 — No Comments

Things are looking up for SSA

The economy of Sub-Saharan Africa (SSA) is expected to grow a moderate 2.4 percent in 2017 before gaining steam next year, says FocusEconomics.

It said in its most recent economic snapshot update:

“Stronger activity in Nigeria and South Africa should propel the region as both economies benefit from more accommodative monetary policies and growing…

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Added by CFO South Africa on October 21, 2017 at 10:00 — No Comments

Wilfred Ngubane: SMEs are our silent warriors

Small and medium enterprises (SMEs) are part of a very competitive universe and if they can’t survive in that universe, they risk withering away, said Wilfred Ngubane, CEO of Ngubane & Co, speaking last week at Finance Indaba Africa 2017, held at the Sandton Convention Centre.

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Added by CFO South Africa on October 21, 2017 at 8:00 — No Comments

Show confidence, be brave, advise top CFOs at #findaba17

“When you work in a multinational you’re up against some seriously smart people,” said Zaf Mohamed, CFO for McDonald’s South Africa, speaking as part of a panel at last week’s Finance Indaba Africa 2017. Expectations are much higher in terms of accuracy and deadlines with the spotlight…

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Added by CFO South Africa on October 21, 2017 at 6:00 — No Comments

Anglogold Ashanti sells mines, raises $307 million

Anglogold Ashanti has announced that it will sell its newest gold mine, the Moab Khotsong mine, to Harmony Gold for $300 million, along with another mine, the Kopanang mine, to China’s Heaven-Sent SA Sunshine Investment Company, for $7.4 million.

  • Hear what Anglogold Ashanti CFO,…
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Added by CFO South Africa on October 20, 2017 at 15:00 — No Comments

I am Jack Frost’s Paul Steenkamp: We are all inherently creative

“Who killed our creativity?” asked founder and CEO of I am Jack Frost, Paul Steenkamp, during Finance Indaba Africa 2017, held last week at the Sandton Convention Centre.

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Added by CFO South Africa on October 20, 2017 at 8:00 — No Comments

Service and integrity first, say public sector CFOs

Navigating your way to success in the public sector is a matter of hard work, strategic thinking, a duty to serve, and – hopefully – uncompromising integrity, according to Ramasela Ganda and Rajesh Mahabeer. The two were sharing the stage as part of a panel discussion at the second annual Finance Indaba…

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Added by CFO South Africa on October 20, 2017 at 6:00 — No Comments

Gaze into the crystal ball at CFO Summit 6

T hese are precarious times and it is difficult to know which way to turn or predict the turn of events, whether on a business or personal level.

With this in mind, the final CFO Summit of the year on 16 November in Sandton will feature a keynote address by respected economist,…

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Added by CFO South Africa on October 20, 2017 at 6:00 — No Comments

FedGroup acquires controlling stake in Emergent Energy

Financial services provider FedGroup has announced its acquisition of a controlling stake in Emergent Energy, the largest provider of installed solar photovoltaic (PV) commercial projects in South Africa. 

The strategic acquisition aims to vertically integrate FedGroup's pioneering…

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Added by CFO South Africa on October 19, 2017 at 18:00 — No Comments

Brian Riley, African Bank CEO, steps down

African Bank has announced that its CEO, Brian Riley, intends to step down at the end of March next year. He will, however, remain on the board as a director from 1 April 2018.

Riley joined African Bank as CEO designate on 1 May 2015, assuming the role of CEO of the newly restructured group when the bank launched on 4 April,…

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Added by CFO South Africa on October 19, 2017 at 15:00 — No Comments

UK CFO optimism rebounds – Deloitte

Optimism among UK-based CFOs has recovered from its post-election low and is close to levels seen at the end of last year, according to Deloitte’s latest CFO Survey.

However, while perceptions of uncertainty have eased, corporate risk appetite remains below its long-term average and CFOs…

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Added by CFO South Africa on October 19, 2017 at 8:00 — No Comments

Take care of your people, says Vodacom’s Matimba Mbungela

"Sometimes I think we overemphasize the success of a business in relation to the numbers and the commercial propositions, instead of the person behind,” said Vodacom CHRO Matimba Mbungela, speaking last week at Finance Indaba Africa 2017, in a session about what CHROs wish accounts knew.

This is one of the…

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Added by CFO South Africa on October 19, 2017 at 8:00 — No Comments

Africa is perfectly positioned for digitisation: Kerushan Govender at #findaba17

The First World must destroy heavy machinery in order to make room for new technological developments, but because Africa was never highly developed, digitisation can happen faster, Kerushan Govender of Blacfox told technology enthusiasts last week at Finance Indaba Africa 2017, held at the Sandton…

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Added by CFO South Africa on October 19, 2017 at 6:00 — No Comments

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