Strategies for growth
CFOs face growing pressure to either unlock the value in cash reserves or deliver greater returns to shareholders. At the same time, they are closer than ever to the deal making and need a wide array of skills to successfully navigate this arena. What can you do to make your business grow?
30 March 2016 "The traditional PE model is stale and battling with an ever increasing amount of regulations and complexity," says Greg Voigt, chief investment officer at special purpose acquisition company M-FiTEC that listed on the JSE’s AltX board at the end of last year. We spoke to him about the advantages of a SPAC over other financing forms, the opportunities for FinTech in South Africa and his ambitions with M-FiTEC. 25 March 2016 KPMG’s M&A guru John Geel says he is “quietly confident” that 2016 is going to be a good year for mergers and acquisitions in South Africa. In an exclusive interview with CFO South Africa he reveals that he expects the number of deals to be “at least equal to last year, if not more”. 23 March 2016 Two of South Africa’s largest medical schemes‚ Bonitas Medical Fund and Liberty Medical Scheme (LMS)‚ have announced they are in discussions to merge. 26 February 2016 Goodwell Investments, a company which provides early stage growth capital, has acquired a significant minority stake in Musoni Services, a Dutch micro-finance software company that supports micro-finance institutions (MFIs) with its cloud-based core banking software. 17 February 2016 Professional services firm KPMG won both Reporting Accountants awards during the 15th annual DealMakers Gala Awards Banquet on 16 February at the Sandton Convention Centre. A broadly smiling CFO South Africa MD Graham Fehrsen handed the two prizes (Deal Flow & Deal Value) to KPMG's Corporate Finance MD John Geel, in the presence of DealMakers director Marylou Greig. 14 February 2016 According to a recently released report by EY, financial distress among mining and metals companies will shape M&A activity in the sector in 2016. Furthermore, divestments are expected to pick up pace on the back of volatility and uncertainty on the timing of a recovery. Wickus Botha (pictured), EY Africa Mining & Metals Sector Leader, said: 12 February 2016 While money is increasingly flowing into Africa for private healthcare initiatives and South Africa is embarking on the rollout of the National Health Insurance (NHI) system, there is a high demand for multi-skilled finance leaders to deal with that inflow. “We need a whole generation of multi-skilled, passionate people with an interest in healthcare,” says Dr Anuschka Coovadia, head of Healthcare Africa for KPMG. 05 February 2016 What are the latest investment priorities within private equity firms? What should CFOs know about tax? Why does Michael Rudnicki want to be famous? Those are three of the questions that can only be answered by the new head of KPMG’s Southern African Private Equity (PE) practice. 01 February 2016 Oil-exporting economies like Nigeria and Angola will continue to be hardest hit when it comes to the slowing momentum of GDP growth in Africa. In this first part of RMB's Africa outlook 2016, authors Celeste Fauconnier, Nema Ramkhelawan-Bhana and Neville Mandimika look at the expected real GDP growth in selected economies and the long list of risks to growth. 27 January 2016 CFO South Africa will be the sponsor of the Reporting Accountants category during the 15th DealMakers Annual Gala Awards Banquet on 16 February 2016 at The Ballroom of the Sandton Convention Centre. Regarded as the Oscars of the South African M&A world, the awards celebrate the best performing M&A services firms over the past year. 18 January 2016 12 January 2016 Despite the large, $3,9 billion fine imposed on it by the Nigerian Communications Commission (the matter still in court), MTN has proceeded with its planned acquisition of rival network operator, Visafone Communications. 25 December 2015 JSE-listed Investec Australia Property Fund (IAPF) has announced its most recent acquisition: An A-grade, nine-storey office building with ground floor retail, situated in Newcastle, New South Wales. The acquisition has a price tag of some R623.45 million (Aus$56.7 million), and brings the value of the fund’s total portfolio close to R7 billion. 23 December 2015 China Resources Beer (Holdings) has chosen which banks will advise on options for its Chinese brewery joint venture with SABMiller. According to reports, HSBC Holdings Plc, Nomura Holdings Inc., Rothschild and UBS Group AG, have been chosen as advisory institutions ahead of the deal. 11 December 2015 Global asset management company, Affiliated Managers Group (AMG), reached an agreement during November to acquire an equity interest in Cape Town-based Abax Investments. 03 December 2015 Sasol Inzalo shares have started trading on the JSE empowerment segment. With MTN Zakhele shares having commenced trading in early November, this marks only the second listing on this segment. 02 December 2015 State-backed China Resources Beer (Holdings) Co, currently in a joint venture (JV) with SABMiller, is considering a potential purchase of all or part of SABMiller’s 49% stake in China Resources Snow Breweries Co. China Resources has requested investment banks to pitch for an advisory role to aide them in making this decision, saying it will choose an advisor before this year is out. 23 November 2015 Industry experts agree that South African startups have what it takes to succeed on the global stage, but structural issues are hindering development. While executives from South Africa’s leading enterprise development incubators are bullish about the progress being made and about the standard of South African startups, they are also concerned about government regulation, lack of funding direction and market access and inequitable distribution.* 20 November 2015 CFOs and entrepreneurs are known to sometimes bump heads. Why wouldn't they, there's so much to disagree on. But, if last night's CFO South Africa event was anything to go by, these two actually have more to agree on than disagree. The master class aimed to answer the question, 'What can CFOs and entrepreneurs learn from each other?' The conclusion was that they certainly can learn from each other if they just open their minds; the "crankier" CFO learning to be more open to risk, the "cowboy" entrepreneur paying more attention to the figures. And ultimately, both need to be aware of the "higher purpose" they are working towards. 12 November 2015 On Wednesday 11 November, Anheuser-Busch InBev (ABI or AB InBev) made a formal offer of $107 billion to buy SABMiller. This seals the long-awaited deal that will see the world's two largest brewers combine, and in so doing, control around half the industry's profit. 11 November 2015 According to reports, Telkom – 40% of which is owned by the South African government – is in talks to buy Cell C. 10 November 2015 "Finance had to make sure that common sense trumped emotion" during the acquisition of the Australian department store chain David Jones, says Woolworths CFO Reeza Isaacs during an interview with CFO South Africa. "We now have to ensure that the business is focused on delivering on the deal synergies.” 09 November 2015 Virtual data rooms are crucial in ensuring that the acquisition process is as smooth as possible. That is according to Arie Maree, director at Ansarada, a world leader in merger and acquisition technology and headline sponsor of the Knife Capital Exit Conference, held at the Sandton Convention Centre on 21 August. A virtual data room is a limited-access website or software platform that bidders and advisers can use to peruse confidential corporate information before making a decision to purchase. These rooms offer significant cost savings on physical centres, especially when large teams of experts are required to perform extensive due diligence processes. They can be used for data storage, document exchange, file sharing, financial transactions and legal transactions, among other functions. 26 October 2015 “Local is not so lekker at the moment." Maija de Rijk-Uys, who is responsible for the setup and roll-out of the PwC Accelerator Programme in SA, began her presentation at the Knife Capital Exit Conference at the Sandton Convention Centre on 21 August on a sour note. "There is negative investor sentiment, labour unrest, a dearth of skills, low economic growth, regulation and government interference and no cultural flair for entrepreneurism. Our established business rate, at just 2,9%, is 4th lowest in the world,” she lamented. 22 October 2015 For some R217 million, listed technology firm, Adapt IT has bought CQS Technology Holdings – a company which provides audit, financial and risk management software services solutions to over 4,000 customers in 30 countries. 13 October 2015 Anheuser-Busch (AB) InBev has agreed to purchase SABMiller for a staggering R1.4 trillion (£68 billion). This follows two weeks of negotiations, during which time SABMiller repeatedly rejected AB InBev's offers. 12 October 2015 Sibanye Gold has acquired the entire share capital of Aquarius Platinum for a sum of R4 billion. The purchase makes Sibanye one of the five largest global platinum group metals miners. 12 October 2015 How Hannes van Rensburg’s start-up became a lynchpin of banking in emerging markets 07 October 2015 In an effort to combine the world's two largest brewers, Anheuser-Busch InBev NV is trying to buy its nearest competitor, SABMiller Plc, in what would be a record industry deal. The current and also third offer on the table is $104 billion; SABMiller having declined the first two. 05 October 2015 Big financial institutions in South Africa have changed their attitude and are now ready to collaborate with FinTech companies, says investment professional Colin Vallis (PlatCol Investments), who was on the panel during the successful 2nd FinTech Africa event in Johannesburg. In the lead up to our 3rd event - in Cape Town on 20 October - Ebrahim Moolla spoke to Colin and got his vision on the state of FinTech in the country. Are there too many virtual payment solutions? Where are the venture capitalists? What should entrepreneurs do better? 25 September 2015 Franz Struwig learnt some valuable lessons on the way to seeing his start-up iKubu bought out by global navigation provider Garmin. 21 September 2015 Investment company Brait SE, controlled by Christo Wiese, has sold $539 million of five-year convertible bonds in order to fund acquisitions. According to the company, it intends to use the proceeds for general purposes, with a primary focus on funding strategic acquisitions. 06 September 2015 According to a recently released McKinsey Global Institute report entitled, "South Africa's Big Five: Bold priorities to unleash inclusive growth", if we focus on better infrastructure delivery we could boost the country's annual GDP by some R260 billion by 2030. 02 September 2015 Actis, one of the largest private equity firms in Africa, announced on 1 September that it has acquired a significant minority stake in one of South Africa's leading home furniture retailers: Coricraft Group. The group has a South African footprint of 115 stores, as well as several stores in Namibia and Botswana. 31 August 2015 31 August 2015 In a bid to counter slower growth in its home market, Imperial Holdings, which owns South Africa's largest network of car dealerships, is in search of new acquisitions that will allow it to expand its logistics business on the continent. 18 August 2015 “You need to understand what world class means and then raise the bar for your own company.” There is no doubt that Colin Brown knows what he is talking about. In his position as Group CFO, he assisted the Group Chief Executive Officer, Peter Mountford, and the current leadership in rescuing the flailing Super Group from the abyss five years ago, turning it into a profitable transport logistics and mobility group once again. 28 July 2015 In South Africa entrepreneurs tend to be very poor at articulating or selling their ideas to capital, that’s according to Charles Savage, Chief Executive Officer at online trading company GT247.com. “When it comes to valuing an income statement, we can compete with the best in the world, but when it comes to valuing a business plan, not so much, because it requires a greater leap of faith,” says Savage. 09 June 2015 After Sasol CFO Bongani Nqwababa had given an impressive and well-received talk about his tenure at Anglo American Platinum during the Stategy Execution round table discussion at the 2015 CFO Awards, he told me he doesn't like to speak off-the-cuff. "As an accountant I am rather big on structure and order," he had already explained during the interview with the panel of awards judges. "When you talk, you can’t do that in free-flow without using key messages and without knowing what you want from a meeting." 08 June 2015 African stalwart and Shoprite chief executive Whitey Basson is well known for looking on the bright side of risk in African markets. The tougher the country, the less competition there is likely to be, he maintains. He has benefited not just from early mover advantage in Africa, where the company is the market leader by far, but by leaving nothing to chance. 24 November 2014 An Expert Insight by Johann de Lange, founder of M&A advisory firm Pollination Capital* 05 August 2014 "The best CFOs are intellectually persuasive without being arrogant," says Nedbank CEO Mike Brown, a former Chief Financial Officer himself. In a candid interview with CFO South Africa Brown talks about himself, growth opportunities in the rest of Africa, the importance of small businesses to jumpstart the South African economy and the characteristics that set brilliant CFOs apart from merely solid ones. "You need to be able to read the tea leaves and persuade others about what this means for the future and what the organisation needs to do differently as a result." 16 July 2014 CFO South Africa Newsletter | Wednesday July 16 Dear CFO South Africa Member, Corporate Growth Event July 10 offers fascinating insights Peter Goss, Head of Forensica at SizweNtsalubaGobodo gives CFOs ins... A fascinating talk on the governance of fraud risks was one of the highlights of a very successful CFO South Africa event around Corporate Growth on 10 July 2014 in the immaculate Saxon Boutique Hotel in Johannesburg. It was Peter Goss, Head of Forensics at audit and advisory firm SizweNtsalubaGobodo (SNG), who captivated CFOs and finance leaders with a master class on the detection, prevention and governance of corruption and fraud. Photos CFO South Africa Event Corporate Growth Most CFOs will agree that it would be ideal if the talents in their finance team could be freed up to support the leadership with acquisitions, shareholder engagement and other value adding activities. Outsourcing company WNS Global Services offers them exactly that opportunity, says Johann Kunz, Managing Director at WNS in South Africa. “Outsourcing of financial functions is slowly taking off in South Africa and will become a standard part of a CFO’s toolkit.” Read Exclusive CFO South Africa Articles CFO SA meets Andrew Hannington, CEO at Grant Thornton Johannesburg Futuresense directors Steven Hyslop & Simon Jackson: better (no... CFO South Africa meets with Fintech's CEO Glen Christopulo and CFO ... CFO SA meets with Mark Buwalda, Client Partner Sub Saharan Africa a... Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Join us for the CFO Event on Digital Transformation Thursday September 11 at the Tintswalo at Waterfall In the new digital reality, people have the opportunity to freely share their opinions, experiences, ideas, emotions and complaints en masse and anonymously. Markets have never been so transparent, putting the customer back in charge. How can we understand this digital transformation, and see the financial opportunities and consequences for the business? Join this event with keynote speaker and CFO of the Year winner Simon Ridley, CFO at Standard Bank. Don’t miss out on this CFO Event from 4pm - 8pm and register now. Discuss with your peers issues on Digital Transformation and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 5000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Mike Brown CEO Nedbank and Brett Tromp CFO Discovery Health. Covered topics: - Who are South Africa's leading CFOs? - How do successful CFOs move into Africa? - Why should you transform your finance function and how can you do it? - How do you attract and retain talent? - Who are the preferred advisors to South African CFOs? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 Sept 11 Sandton | Digital Transformation Nov 13 Cape Town | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 10 July 2014 A fascinating talk on the governance of fraud risks was one of the highlights of a very successful CFO South Africa event around Corporate Growth on 10 July 2014 in the immaculate Saxon Boutique Hotel in Johannesburg. It was Peter Goss, Head of Forensics at audit and advisory firm SizweNtsalubaGobodo (SNG), who captivated CFOs and finance leaders with a master class on the detection, prevention and governance of corruption and fraud. 03 July 2014 CFO South Africa Newsletter | Thursday July 3 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Karl Kumbier, CEO Mercantile Bank "Weight behind entrepreneurs" “The difference between a good and a great CFO is that the latter assists his CEO pro-actively and spends a lot of time in the business,” says Karl Kumbier, Chief Executive Officer of Mercantile Bank. In a candid interview with CFO South Africa he talks about his impressive career in the banking industry and the way his bank can help spur on economic development and employment by providing financial solutions for entrepreneurs. Johann Kunz, Managing Director at WNS "Financial outsourcing in CFO toolkits" Most CFOs will agree that it would be ideal if the talents in their finance team could be freed up to support the leadership with acquisitions, shareholder engagement and other value adding activities. Outsourcing company WNS Global Services offers them exactly that opportunity, says Johann Kunz, Managing Director at WNS in South Africa. “Outsourcing of financial functions is slowly taking off in South Africa and will become a standard part of a CFO’s toolkit.” Tyrone Soondarjee, Financial Director at Sasfin "Carving out your role as CFO" “As a commercially-orientated CFO, I like to play a leading role in business which is why Sasfin is good fit for me. It offers opportunities to broaden my horizons and that is what appeals to me,” says Tyrone Soondarjee, Financial Director at Sasfin bank and the JSE-listed Sasfin Holdings Group. Speaking about the Group, Soondarjee says: “We understand entrepreneurs, because we are entrepreneurial ourselves.” More interesting CFO South Africa Articles Philip Panaino, Division President South Africa at Mastercard: Cont... Stanford Payne: Exeptional Business Leaders - "Don't find fault, fi... Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Join us for the CFO Event on Corporate Growth Thursday July 10 at the Saxon Boutique Hotel It’s in our nature; the will to grow our organizations and to strive for profitability. But Corporate Growth also brings new challenges for the CFO. You need to align capital structures, human resources and operations with the demands of a growing company. Join the Master Class with: - Deon Fredericks, Acting CFO at Telkom - Jacco van der Sandt, Financial Director at Mutual & Federal - Megan Pydigadu Group Financial Director at Mix Telematics Afterwards you will meet and greet your peers from Absa, Business Connexion, Eskom, Old Mutual, PetroSA, SAA, Standard Bank, Telkom and many more at the CFO Café with a presentation from Dario Drago, CFO Novartis SA. Don’t miss out on this CFO Event from 4pm - 8pm and register now. Discuss with your peers issues on corporate growth and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Reach 5000 CFOs in the first CFO Magazine South Africa CFOs want to know your story Showcase your work and that of your company via CFO Magazine and demonstrate your added value to 5000 CFOs, finance leaders and their direct reports as well as hundreds of international investors looking in how to move in to Africa. Get the undivided attention of the top financial decision makers and deliver the latest insights on improving the finance function. CFO Magazine: Knowledge and know-how for CFOs Read the latest insights from award winning CFOs: Simon Ridley, Standard Bank, Anoj Singh, Transnet, John King, EOH, Colin Brown, Super Group and Aarti Takoordeen, JSE and also featured interviews with Mike Brown CEO Nedbank and Brett Tromp CFO Discovery Health. Covered topics: - Who are South Africa's leading CFOs? - How do successful CFOs move into Africa? - Why should you transform your finance function and how can you do it? - How do you attract and retain talent? - Who are the preferred advisors to South African CFOs? - How do you make the shift towards the digital world? You should not miss out. Put your company in the spot light, get your message across. Advertise or get interviewed for CFO Magazine. Interested? Contact Jurrien Morsch at [email protected] Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 July 10 Sandton | Corporate Growth Sept 11 Sandton | Digital Transformation Nov 13 Cape Town | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 04 June 2014 CFO South Africa Newsletter | Wednesday June 4 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Bikash Prasad, CFO South and East Africa at Olam "Africa's agricultural future" Africa should be a net food exporter, but it is a net importer at the moment,” says Bikash Prasad, CFO South and East Africa at Olam International, a Singapore-headquartered integrated supply chain managing firm and processor of agricultural products and food ingredients. The Durban-based Prasad has a passion for the continent. “We want to play an important role in the growth of Africa. Mteto Nyati, Managing Director South Africa at Microsoft "Connecting the next billion" There are still billions of people that have not been touched by technology. That is where our enormous potential lies,” says Mteto Nyati, Managing Director at Microsoft South Africa. “Technology is not an end goal; it is all about what it can do to help humanity reach its potential.” As the famous IT-company shifts from being a software company to a device and cloud company, Nyati is full of ambition and enthusiasm about opportunities in South Africa.” Deon Fredericks, Acting CFO at Telkom "Learning from each other" We don’t have to reinvent the wheel,” says Deon Fredericks, Acting Chief Financial Officer at Telkom, Africa's largest integrated communications company. Fredericks joined the then state-owned landline monopolist in 1993 as a senior manager in internal audit and has worked himself up the finance ladder in an admirable fashion. Fredericks says he fully supports CFO South Africa’s mission to connect the country’s finance leaders. “CFOs are starting to play a more significant role, specifically on strategy. It is very valuable to learn from each other. More interesting CFO South Africa Articles Pieter Bensch, Vice President SA Oracle: Rewarding innovative CFOs Gregory Nott, Director at Werksmans Attorneys: Follow the trends, n... Adriana de Roock, MD Greymatter & Finch: Use reporting to impro... Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Join us for the CFO Event on Corporate Growth Thursday July 10 at the Saxon Boutique Hotel It’s in our nature; the will to grow our organizations and to strive for profitability. But Corporate Growth also brings new challenges for the CFO. You need to align capital structures, human resources and operations with the demands of a growing company. You will need to challenge your business model and be ready to make changes, But how will you stay agile? What are the financial consequences? And is your team ready to provide the information for strategic decision making? Meet CFOs from Absa, Business Connexion, Eskom, Old Mutual, PetroSA, SAA, Standard Bank, Telkom and many more. Don’t miss out on this CFO Event from 4pm - 8pm and register now. Discuss with your peers issues on corporate growth and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Top CFOs should become a Member of CFO South Africa Join the ultimate peer to peer advisory network for finance executives in South Africa Various CFOs and finance directors from companies like Nedbank, Transnet, SAB, Nike and Gauteng Department of Finance are members of CFO South Africa.Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership brochure for more information or sign up here. Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, InnoVent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in partnering up? Please contact [email protected] Partners CFO South Africa: Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 July 10 Sandton | Corporate Growth Sept 11 Sandton | Digital Transformation Nov 13 Cape Town | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold en Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 21 May 2014 CFO South Africa Newsletter | Wednesday May 21 CFO Awards Tremendous success Standard Bank’s Simon Ridley named CFO of the Year 2014 Simon Ridley, Group Financial Director at Standard Bank, has been elected South Africa’s CFO of the Year for 2014. The coveted award was handed out on Thursday 15 May 2014 by jury member Victor Sekese, CEO at accounting and auditing firm SizweNtsalubaGobodo, during a riveting black tie event in the Summer Place in Hyde Park, Johannesburg. The evening was attended by some 200 CFOs and prominent business leaders. Other prestigious awards were won by CFOs Colin Brown (Super Group), Anoj Singh (Transnet), John King (EOH) and Aarti Takoordeen (JSE Limited). Read the full report of the CFO Awards See all the pictures of the CFO Awards Meet the other CFO Award Winners Colin Brown, CFO Supergroup winner Finance Transformation The Finance Transformation Award was handed out by jury member Asher Bohbot, CEO of EOH. Colin Brown has been very successful in redefining the financial function and made great efforts to become a cost-effective, service-oriented partner to the business. Check out Colin Brown's profile here. Anoj Singh, CFO Transnet winner Compliance & Governance Award Claudelle von Eck, CEO of the Institute of Internal Auditors had the privelege to award the Compliance & Governance Award. Anoj has contributed heavily to build and implement systems designed to detect and prevent compliance breaches. Last but not least he or she is leading the development of a strong compliance culture and best practices that secure buy-in from executives, managers, employees, contractors and business partners all at levels. Check out Anoj Singh's profile here. Colin Brown, CFO Supergroup winner Strategy Execution Award Anton Roux. Chairman & CEO South Africa and Africa Region of Aon handed over the 2nd award for Colin Brown. He has shown great steermanship in creating the right (financial) conditions to execute the new strategy. He and his team contributed with valuable insights, analyses, the (re)allocation of assets and the alignment of the finance function with the new strategy of Supergroup. Check out Colin Brown's profile here. John King, CFO EOH winner High Performance Team Award The High Performance Team Award was handed out by jury member Rob Otty, Managing Director of Norton Rose Fulbright SA to John King. John has been an inspiring coach for his co-workers and has given the special attention to personal & professional development of his employees to win the . Check out John King's profile here. Anoj Singh, CFO Transnet winner Public Finance Award Anoj took up his 2nd award from jury member Richard Etemesi, CEO South Africa & Southern Africa of Standard Chartered Bank. Check out Anoj Singh's profile here. Aarti Takoordeen, CFO JSE winner Young Talent Award The Young Talent Award was handed out by Taddy Blecher CEO Community Individual Development Association and Maharishi Institute and World Economic Forum "Young Global Leader of the World" to Aarti Takoordeen. At only 32 she has shown remarkable professional development - a leader of the future. Check out Aarti Takoordeen's profile here. Join us for the CFO Event on Corporate Growth Thursday July 10 at the Saxon Boutique Hotel It’s in our nature; the will to grow our organizations and to strive for profitability. But Corporate Growth also brings new challenges for the CFO. You need to align capital structures, human resources and operations with the demands of a growing company. You will need to challenge your business model and be ready to make changes, But how will you stay agile? What are the financial consequences? And is your team ready to provide the information for strategic decision making? Meet CFOs from Absa, Business Connexion, Eskom, Old Mutual, PetroSA, SAA, Standard Bank, Telkom and many more. Don’t miss out on this CFO Event and register now. Discuss with your peers issues on corporate growth and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Top CFOs should become Platinum Member of CFO South Africa Join the ultimate peer to peer advisory network for finance executives in South Africa Various CFOs and finance directors from companies like Nedbank, Transnet, SAB, Nike and Gauteng Department of Finance are members of CFO South Africa.Your peers understand best the issues you face and the challenges that impact your business. Together you will share your experiences at CFO South Africa’s events and help you advance in your career, company and knowledge. Get introduced to experienced colleagues that are happy to share their knowledge with you. Peer-to-peer consulting is by far the best and most cost effective way to help you solve problems. Are you interested? Please see our membership brochure for more information or sign up here. Agenda CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events now and improve your company, network, career and knowledge. CFO South Africa Events in 2014 July 10 | Corporate Growth, Sandton Sept 11 | Digital Transformation, Sandton Nov 13 | Risk, Compliance & Control, Cape Town Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold and Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at jmo[email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | +27 11 083 7515 | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 30 April 2014 CFO South Africa Newsletter | Wednesday April 30 The CFO Awards 2014, May 15 Join CFO Awards with Transnet, Aveng, Sasol and many more CFO South Africa’s first CFO Awards are held on Thursday May 15 at the breathtaking Summer Place in Hyde Park Johannesburg. Chaired by Semeyi Zake, CFOs of Transnet, Sasol, Siemens, Aveng, SAB, Standard Bank, Discovery, McDonalds, Department of Finance, Olam, PRASA, Telkom and many more will share knowledge, extend their network and boost business. You do not want to miss out on this great afternoon with Round Tables, Master Class, an enjoyable award ceremony and dinner with the awarding of the 7 CFO Awards. For more information on the program and to register go to cfoawards.co.za Who will win the CFO Awards? Who will become the CFO of the Year? Who will win the Finance Transformation Award, the Strategy Execution Award, the Compliance & Governance Award, the High Performance Team Award, the Public Finance Award and the Young Talent Award? Jury members of the 2014 CFO Awards have had their last interviews last week and they have started the difficult process of electing the 7 winners of the prestegious CFO Awards. Check out all the nominees at cfo.co.za. Meet interesting speakers from Allianz, Siemens and SNG Join the Master Class with Delpine Maïdou (CEO Allianz), Sabine Dall'Omo (CFO Siemens), Jo-Ann Pohl (CFO Standard Chartered), Andrey Bogdanov (CFO JTI) and Bikash Prasad (CFO Olam). And afterwards an enjoyable award ceremony and dinner with the awarding of the 7 CFO Awards and presentations from Victor Sekese (CEO SNG), Taddy Blecher (World Economic Forum "Young Global Leader of the World" and CEO of the Maharishi Institute), Claudelle von Eck (CEO Institute of Internal Auditors), Anton Roux (CEO Aon Africa) and Rob Otty (MD Norton Rose). See all the speakers at cfoawards.co.za. Reserve your table at the CFO Awards today. Partners support the awards and are invited to buy a table for the awards ceremony. Join leading companies like Transnet, Aon, IBM, Oracle, Bowman Gilfillan, KPMG, Transparent, SA Post Office and Genpact to meet African top tier CFOs, to demonstrate thought leadership, to make friends and to develop their business. Becoming a partner enables your executives to meet CFOs, share ideas and experience excellence during the awards ceremony. To become a partner of the CFO Awards visit cfoawards.co.za or contact [email protected] New upcoming CFO South Africa Event Not able to join us on May 15? Join the CFO South Africa Event Corporate Growth, Thursday July 10 at the Saxon Boutique Hotel It’s in our nature; the will to grow our organizations and to strive for profitability. But Corporate Growth also brings new challenges for the CFO. You need to align capital structures, human resources and operations with the demands of a growing company. You will need to challenge your business model and be ready to make changes, But how will you stay agile? What are the financial consequences? Would you sacrifice your bottom line for market share? Do you need to consider a merger or acquisition? And is your team ready to provide the information for strategic decision making? Don’t miss out on this CFO Event and register now. Discuss with your peers issues on corporate growth and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, InnoVent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in partnering up? Please contact [email protected] Partners CFO South Africa: Agenda CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events now and improve your company, network, career and knowledge. CFO South Africa Events in 2014 May 15 | CFO Awards 2014 July 10 | Corporate Growth Sept 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold and Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | +27 11 083 7515 | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 10 April 2014 Ground breaking businesses InnoVent and Transparent presented impressive masterclasses during a well-attended CFO South Africa event in the Tintswalo at Waterfall 5-star Boutique Hotel just north of Johannesburg. The theme of the gathering on Thursday 10 April was Capital & Finance and the attending CFOs and finance experts were treated to new ideas and a range of innovative solutions. 17 March 2014 CFO South Africa Newsletter | Monday March 17 Dear CFO South Africa Member, Get Smart Event offers fascinating insights Balancing your financial leadership Smart CFOs save money by renting fast-depreciating assets like IT-equipment, instead of buying them. That was the message of Shane Merriman, Managing Director at InnoVent Rental & Asset Management Solutions. During the CFO South Africa ‘Get Smart’ event of 13 March 2014 in the Saxon Boutique Hotel in Johannesburg, Merriman gave the attending CFOs some fascinating and challenging insights in ways to make money go further. Marie McCrea, Partner CIL "CFO - A Vision for the Future" Marie McCrea, partner at the Centre for Innovative Leadership (CIL), held an interesting presentation on the role and challenges of modern CFOs at the CFO South Africa Event Get Smart in 2014, March 13 at the Saxon. See pictures of the Get Smart Event While we are busy with our day to day tasks and routines, we sometimes overlook those smart solutions, new approaches and clever ideas that others have successfully implemented. During the first CFO Event of 2014 we shared and discussed smart ideas to improve your business New! CFO profiles on CFO.co.za: Anoj Singh, CFO Transnet Simon Ridley, Group Financial Director Standard Bank Tryphosa Ramano, CFO PPC Cement Rob Evans, CFO Datatec And many more Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] New upcoming CFO South Africa Events Capital & Finance, Thursday April 10 We cannot underestimate the importance of professional Capital & Finance management. Every CFO knows that managing cash flow, working capital and cost of capital should be a top priority. During this CFO event we share our know-how and experiences with issues like balance sheet optimization, staying agile, supply chain financing, refinancing loans and attracting new capital. Capital & Finance will be held at the beautiful Tintswalo at Waterfall in Halfway House, Johannesburg. For more information please take a look here. Join us for this CFO event and improve the way you manage your capital and finance agenda. Corporate Growth, Thursday July 10 It’s in our nature; the will to grow our organizations and to strive for profitability. But Corporate Growth also brings new challenges for the CFO. You need to align capital structures, human resources and operations with the demands of a growing company. You will need to challenge your business model and be ready to make changes, But how will you stay agile? What are the financial consequences? Would you sacrifice your bottom line for market share? Do you need to consider a merger or acquisition? And is your team ready to provide the information for strategic decision making? Don’t miss out on this CFO Event and register now. Discuss with your peers issues on corporate growth and how it can help your company! Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. The CFO Awards 2014, May 15 CFO Awards jury starts interview process Last Monday interviews with South Africa's best CFOs officially kicked off the interview process to decide who wins this year's inaugural CFO Awards. Over the next two months an impressive team of jury members will chat to the nominated CFOs for the decision who wins the 7 prestigious CFO Awards. The first CFOs who were visited on Monday, were Craig Barnard CFO of Invicta Holdings and Tryphosa Ramano, CFO of PPC Cement. Read the full article on cfo.co.za. Jury interviews CFOs of Afrocentric, Howden & Eqstra Jury members of the 2014 CFO Awards on last Tuesday interviewed three talented gentlemen, who have made a name for themselves as CFO. Wallace Holmes, CFO of Afrocentric`, Kevin Johnson, CFO of Howden and Jannie Serfontein, CFO of Eqstra Holdings were interviewed by our jury. Read the full article on cfo.co.za. CFO Awards interview with Simon Ridley, FD at Standard Bank As part of the jury process for the 2014 CFO Awards our jury members interviewed Simon Ridley, Financial Director at the Standard Bank Group. Has been a CFO for a quarter of a century - mainly with Absa and Standard Bank. Read the full article on cfo.co.za. Check out all the nominated CFOs and find more information about the CFO Awards at cfoawards.co.za and at cfo.co.za Reserve your table at the CFO Awards today. Partners support the awards and are invited to buy a table for the awards ceremony. Join leading companies like Aon and Genpact to meet African top tier CFOs, to demonstrate thought leadership, to make friends and to develop their business. Becoming a partner enables your executives to meet CFOs, share ideas and experience excellence during the awards ceremony. To become a partner of the CFO Awards visit cfoawards.co.za or contact [email protected] Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, InnoVent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in partnering up? Please contact [email protected] Partners CFO South Africa: Agenda CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 April 10 | Capital & Finance May 15 | CFO Awards 2014 July 10 | Corporate Growth Sept 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold en Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 26 February 2014 CFO South Africa Newsletter | Wednesday February 26 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Etienne Prowse, CFO Cashbuild "Being accountable for IT innovation" Does a firm hire a Chief Information Officer or should IT and ERP-systems fall directly under line management? Building materials retailer Cashbuild has elected to put the responsibility squarely with each line executive and CFO Etienne Prowse says the company is reaping the benefits. Liesl Tweedie, Acting CFO Gijima "Courage crucial for success" Liesl Tweedie knows all about courage, having stepped into the acting CFO position at Gijima, the listed South African IT-company that has been struggling lately. “Either you look like a star or you fail,” she says. “But I have always enjoyed a challenge and have often volunteered for difficult projects when I was working at ABB.” So it is no surprise that Tweedie believes that today’s young finance talents should possess “confidence and courage.” Tanuja Naidoo, CFO Transnet Pipelines "Invest time in people" “My best contribution as a CFO is that I aim to develop leaders,” says Tanuja Naidoo, who has been in charge of finance at Transnet Pipelines since 2009. After turning around the finance department, she was recently tasked to do the same in procurement and risk management at their Durban headquarters. The key to every successful manager is investing time in people, she says. “That is something I live by. I lead by example. More interesting CFO South Africa Articles Dario Drago, CFO Novartis SA: Appreciating curiosity and communicat... André du Plessis, Finance Director Capitec Bank: Be brutally honest Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Register for the first CFO South Africa Events of 2014 Last chance to register: Get Smart in 2014, Thursday March 13 During the first CFO Event of 2014 we will share and discuss smart ideas to improve your business. Discovery Health, Marie McCrea, Partner at Centre for Innovative Leadership (CIL), Shane Merriman, Managing Director at InnoVent and Pierre Heistein, lecturer at the UCT and writer for Business Report will share their visions on this topic. Meet CFOs and finance professionals from top tier companies such as Nedbank, Tiger Brands, Barclays, Business Connexion, De Beers, Standard Bank, Transnet, Cashbuild, Novartis, FNB, McDonald's and many more. Get Smart in 2014 will be held on Thursday March 13 at the Saxon Boutique Hotel in Sandton. For more information please take a look here. Don’t miss out on this CFO Event and register now! It might be the smartest thing you did in 2014. Capital & Finance, Thursday April 10 We cannot underestimate the importance of professional Capital & Finance management. Every CFO knows that managing cash flow, working capital and cost of capital should be a top priority. During this CFO event we share our know-how and experiences with issues like balance sheet optimization, staying agile, supply chain financing, refinancing loans and attracting new capital. Capital & Finance will be held at the beautifull Tintswalo at Waterfall in Halfway House, Johannesburg. For more information please take a look here. Join us for this CFO event and improve the way you manage your capital and finance agenda. Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. The CFO Awards 2014, May 15 New CFO Award nominees Every week CFO South Africa announces new nominated CFOs. This week the nominated CFOs are: - Rob Evans - CFO of Datatec - Aarti Takoordeen - CFO of JSE - Dudley Saayman - CFO of BAT - Michael Fleming - CFO of Clicks Group Check out all the nominated CFOs and find more information about the CFO Awards: cfoawards.co.za Become a partner of the CFO Awards. Reserve your table today. Partners support the awards and are invited to buy a table for the awards ceremony. The CFO Awards enables leading consultants, suppliers, banks and law firms to meet African top tier CFOs, to demonstrate thought leadership, to make friends and to develop their business. Becoming a partner enables your executives to meet CFOs, share ideas and experience excellence during the awards ceremony. To become a partner of the CFO Awards visit cfoawards.co.za or contact [email protected] Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, InnoVent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in partnering up? Please contact [email protected] Partners CFO South Africa: Upcoming CFO South Africa Events Join the CFO Events with inspiring hosts and experts who will share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 March 13 | Get Smart in 2014 April 10 | Capital & Finance May 15 | CFO Awards 2014 July 10 | Corporate Growth Sept 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold en Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Next to that you can keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 12 February 2014 CFO South Africa Newsletter | Wednesday February 12 Dear CFO South Africa Member, Read Exclusive CFO South Africa Articles Daryl Edwards, CFO of Universal Coal "Soaking it up" Which CFO would not like to build their financial team, IT systems and processes up from scratch, not worrying about existing culture, equipment and other legacy issues? Daryl Edwards got the chance to do just that at Universal Coal and he is pretty excited about the result. Rob Otty, Managing Director of Norton Rose Fulbright "CFOs need more recognition" “One of the fascinating things in the South African business world is that the success of a company is usually solely attributed to the CEO,” says Rob Otty, Managing Director of international law firm Norton Rose Fulbright in South Africa. “We should get better in recognizing people behind the scenes, like the CFO. I hope the CFO Awards will contribute to that.” Delphine Maidou, CEO of Allianz AGCS "CFOs should plan for succession" “Succession planning will be on the top of my list when I do my research and when I interview candidates for the CFO Awards,” says Delphine Maidou, CEO in Johannesburg for risk insurance firm Allianz Global Corporate & Specialty (AGCS). Over the last year the Burkina Faso-born executive has successfully spear-headed the business expansion of the German multinational into (South) Africa. “Capacity building is a concern, not just for the financial world but for the insurance world as well,” she has noticed. More interesting CFO South Africa Articles Pierre Heistein, business analyst: dealing with a changing work force André du Plessis, Finance Director Capitec Bank: Be brutally honest Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Register now for the first CFO South Africa Events of 2014 Get Smart in 2014, Thursday March 13 During the first CFO Event of 2014 we will share and discuss smart ideas to improve your business. Discovery Health, Marie McCrea, Partner at Centre for Innovative Leadership (CIL), Shane Merriman, Managing Director at Innovent, Pierre Heistein, lecturer at the UCT and writer for Business Report and The IBM Institute for Business Value will share their visions on this topic. Meet CFOs and finance professionals from top tier companies such as Nedbank, Tiger Brands, Barclays, Business Connexion, De Beers, Standard Bank, Transnet, Cashbuild, Novartis, FNB, McDonald's and many more. Get Smart in 2014 will be held on Thursday March 13 at the Saxon Boutique Hotel in Sandton. For more information please take a look here. Don’t miss out on this CFO Event and register now! It might be the smartest thing you did in 2014. Capital & Finance, Thursday April 10 We cannot underestimate the importance of professional Capital & Finance management. Every CFO knows that managing cash flow, working capital and cost of capital should be a top priority. During this CFO event we share our know how and experiences with issues like balance sheet optimization, staying agile, supply chain financing, refinancing loans and attracting new capital. Capital & Finance will be held at the beautifull Tintswalo at Waterfall in Halfway House, Johannesburg. For more information please take a look here. Join us for this CFO event and improve the way you manage your capital and finance agenda. Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. The CFO Awards 2014 New CFO Awards nominees Every week CFO South Africa announces new nominated CFOs. This week the nominated CFOs are: - André du Plessis - CFO of Capitec Bank - Anoj Singh - CFO of Transnet - Mike Levitt - CFO of Ellies - Brian Jacobs - CFO of Metair To see all the nominated CFOs untill now and to find more information about the CFO Awards visit cfoawards.co.za Meet top CFOs at the awards ceremony An influential group of CFOs and CEOs from prominent international and South African companies have already registered for the awards ceremony. A selection of companies that are represented: - Standard Bank - Telkom - Afgri - G4S - Massmart - EOH - African Bank - Nedbank - Santam - Business Connexion - Transnet - Liberty To see a list of all the attending CFOs go to cfoawards.co.za Become a partner of the CFO Awards. Reserve your table today. Partners support the awards and are invited to buy a table for the award ceremony. The CFO Awards enables leading consultants, suppliers, banks and law firms to meet African top tier CFOs, to demonstrate thought leadership, to make friends and to develop their business. Becoming a partner enables your executives to meet CFOs, share ideas and experience excellence during the awards ceremony. To become a partner of the CFO Awards fill out the form on cfoawards.co.za or contact [email protected] Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, Innovent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in a partnership? Please contact [email protected] Partners CFO South Africa: Upcoming CFO South Africa Events We have planned new CFO Events with inspiring hosts and experts that with share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 March 13 | Get Smart in 2014 April 10 | Capital & Finance May 15 | CFO Awards 2014 July 10 | Corporate Growth Sept 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold en Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date and in the loop on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Also to keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Do you have any requests, please let us know. Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 30 January 2014 CFO South Africa Newsletter | Thursday January 30 Dear CFO South Africa member, Join the CFO Awards 2014 New CFO Awards nominees Every week CFO South Africa announces new nominated CFOs. This week the nominated CFOs are: - John Snalam - CFO of Coronation Fund Managers - Wallace Holmes - CFO of Afrocentric - Tryphosa Ramano - CFO of PPC - Craig Barnard - CFO of Invicta Holdings To see all the nominated CFOs untill now and to find more information about the CFO Awards visit cfoawards.co.za Meet top CFOs at the awards ceremony An influential group of CFOs and CEOs from prominent international and South African companies have already registered for the awards ceremony. A selection of companies that are represented: - Standard Bank - Telkom - Afgri - G4S - Massmart - EOH - African Bank - Nedbank - Santam - Business Connexion - Transnet - Liberty To see a list of all the attending CFOs go to cfoawards.co.za Become a partner of the CFO Awards. Reserve your table today. Partners support the awards and are invited to buy a table for the award ceremony. The CFO Awards enables leading consultants, suppliers, banks and law firms to meet African top tier CFOs, to demonstrate thought leadership, to make friends and to develop their business. Becoming a partner enables your executives to meet CFOs, share ideas and experience excellence during the awards ceremony. To become a partner of the CFO Awards fill out form on cfoawards.co.za or contact [email protected] Register now for the first CFO South Africa Events of 2014 Get Smart in 2014, Thursday March 13 It’s a jungle out there. Survival of the fittest? Nope, 2014 is all about survival of the smartest! While we are busy with our day to day tasks and routines, we sometimes overlook those smart solutions, new approaches and clever ideas that others have successfully implemented. During the first CFO Event of 2014 we will share and discuss smart ideas to improve your business. Brett Tromp, CFO of Discovery Health, Marie McCrea, Partner at Centre for Innovative Leadership (CIL), Shane Merriman, Managing Director at Innovent, Pierre Heistein, lecturer at the UCT and writer for Business Report and The IBM Institute for Business Value will share their visions on this topic. Get Smart in 2014 will be held on Thursday March 13 at the Saxon Boutique Hotel in Sandton. For more information please take a look here. Don’t miss out on this CFO Event and register now! It might be the smartest thing you did in 2014. Capital & Finance, Thursday April 10 We cannot underestimate the importance of professional Capital & Finance management. Every CFO knows that managing cash flow, working capital and cost of capital should be a top priority. During this CFO event we share our know how and experiences with issues like balance sheet optimization, staying agile, supply chain financing, refinancing loans and attracting new capital. Capital & Finance will be held at the beautifull Tintswalo at Waterfall in Halfway House, Johannesburg. For more information please take a look here. Join us for this CFO event and improve the way you manage your capital and finance agenda. Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Read Exclusive CFO South Africa Articles André du Plessis, Finance Director Capitec Bank "Be brutally honest" "Tackling adventures is all about teamwork and planning and realizing beforehand that there will be things that go wrong.” It is unclear if André du Plessis is talking about the amazing story of Capitec Bank, of which he is Financial Director and cofounder, or about one of his many impressive leisure exploits – scaling mountains, cycling races, jumping out of airplanes or bridges and riding motor bikes for thousands of kilometres at a time. Most likely, he is talking about both. Matthias Wellhausen, CFO ArcelorMittal South Africa "Pick your battles" “More than in the past you have to pick your battles and prioritize,” says the experienced Matthias Wellhausen, CFO at steel producer ArcelorMittal South Africa. “There are a zillion things going on that are challenging. You have to focus your resources on the most important ones. This goes as much for an individual CFO as for the company as a whole, which should also put its energy into a limited amount of challenges.” Nicky Dewar, CFO of Post Bank "Testing the boundaries" “Don’t be afraid to get boxed in by going for opportunities as they present themselves,” says Nicky Dewar, CFO Post Bank at the South African Post Office. “If I look at my career, especially in the beginning, I did not know what to do,” says Dewar, when asked what she would advise young accountants. “But I have noticed that all experiences build on the others – nothing goes to waste. You should not be worried that you will be limited if you choose a certain direction. Don’t worry and just go for it.” More interesting CFO South Africa Articles Introducing the first jury members of the CFO Awards A game changer for CFOs and the finance organisation Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, Innovent, ACCA, SNG and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in a partnership? Please contact [email protected] Partners CFO South Africa: Upcoming CFO South Africa Events We have planned new CFO Events with inspiring hosts and experts that with share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 March 13 | Get Smart in 2014 April 10 | Capital & Finance May 15 | CFO Awards 2014 July 10 | Corporate Growth Sept 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold en Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date and in the loop on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Also to keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Do you have any requests, please let us know. Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] To control which emails you receive from CFO South Africa, please change your email preferences at cfo.co.za by selecting under settings "I do not want to receive emails from CFO South Africa | Finance Professionals South Africa" 15 January 2014 CFO South Africa Newsletter | Wednesday January 15 Dear CFO South Africa member, First of all a happy New Year! Wishing you all the best for a wonderful 2014. This year CFO South Africa will bring you many more CFO events, interviews, insights and the first CFO Awards ceremony in South Africa May 15. Register now for the first CFO South Africa Events of 2014 Get Smart in 2014, Thursday March 13 It’s a jungle out there. Survival of the fittest? Nope, 2014 is all about survival of the smartest! While we are busy with our day to day tasks and routines, we sometimes overlook those smart solutions, new approaches and clever ideas that others have successfully implemented. During the first CFO Event of 2014 we will share and discuss smart ideas to improve your business. Brett Tromp, CFO of Discovery Health and Pierre Heistein, lecturer at the UCT and writer for Business Report, will be sharing their visions on this topic. Get Smart in 2014 will be held on Thursday March 13 at the Saxon Boutique Hotel in Sandton. For more information please have a look here. Don’t miss out on this CFO Event and register now! It might be the smartest thing you did in 2014. Capital & Finance, Thursday April 10 We cannot underestimate the importance of professional Capital & Finance management. Every CFO knows that managing cash flow, working capital and cost of capital should be a top priority. During this CFO event we share our know how and experiences with issues like balance sheet optimization, staying agile, supply chain financing, refinancing loans and attracting new capital. Capital & Finance will be held at the beautifull Tintswalo at Waterfall in Halfway House, Johannesburg. For more information please have a look here. Join us for this CFO event and improve the way you manage your capital and finance agenda. CFO Awards, Thursday May 15 CFO South Africa's first CFO Awards are held on May 15 2014, at the breathtaking Summer Place in Hyde Park Johannesburg. CFOs of listed companies and large corporations are awarded for outstanding performance and financial leadership by our jury. CFOs of among others Liberty, Business Connexion, African Bank, Santam and many more will join approximately 200 top tier CFOs for the Awards ceremony. Find more information on the CFO Awards and how to join on CFOAwards.co.za. Continuous Professional Development Points Did you know all events of CFO South Africa are eligible for SAICA CPD points? By attending CFO South Africa's events and training courses you will stay compliant. Read Exclusive CFO South Africa Articles Introducing the first jury members of the CFO Awards They will embark on a process to elect the best Chief Financial Officers of South Africa Victor Sekese, CEO of SNG (picture) is was one of the first to join the jury of prestigious CFO Awards. To see the whole jury please click on read more. Dikeledi Nakene, CFO Palabora Mining Company "Resist temptation of short-term gains" Surround yourself with people that encourage you, believe in yourself and resist the temptation of lucrative offers before finishing your degree or articles. That is some of the great advice that Dikeledi Nakene, CFO at Palabora Mining Company Limited, has for young, aspiring talents in the finance world. Dick Borsboom, Regional CFO Dangote Industries "Employees key to success" Employees are the key to success in every company,” says Dick Borsboom, the Nigeria-based Regional CFO for Dangote Industries in East and Southern Africa. More interesting CFO South Africa Articles David Gleason, Owner of Dealmakers: "There are deals cooking" A game changer for CFOs and the finance organisation Showcase your work on CFO South Africa's Website! Showcase your work and that of your company to over 3500 members of CFO South Africa. If you are interested send an email to Jurrien Morsch at [email protected] Become a Partner of CFO South Africa Meet top CFOs, claim thought leadership, create value and develop business. Various companies like Oracle, IBM, Innovent and Transparent are partners of CFO South Africa. Just like us, they believe we can contribute to the growth of their business and network in South Africa. As a partner of CFO South Africa you find yourself in a network in which you can contribute to sharing knowledge, seizing opportunities and growing your business. Are you interested in a partnership? Please contact [email protected] Partners CFO South Africa: Upcoming CFO South Africa Events We have planned new CFO Events with inspiring hosts and experts that with share their insights and experiences with you. Register now for these events and improve your company, network, career and knowledge. CFO South Africa Events in 2014 March 13 | Get Smart in 2014 April 10 | Capital & Finance May 15 | CFO Awards 2014 July 10 | Corporate Growth Sep 11 | Digital Transformation Nov 13 | Risk, Compliance & Control Register now for one of the upcoming CFO South Africa Events. Please note that all our CFO South Africa events are for senior financial executives working in companies with revenues exceeding 100 million rand. CFO South Africa offers Gold and Platinum memberships to CFOs and finance directors. For more information please have a look here and contact Jurrien Morsch at [email protected] Stay connected with CFO South Africa Follow CFO South Africa on Twitter and LinkedIn Stay up to date and in the loop on what is happening in the world of finance by following us on Twitter @CFOSouthAfrica and LinkedIn. Also to keep track of newly published interviews with CFOs and CEOs. Feel free to contact us Do you have any requests, please let us know. Any suggestions or comments are welcome. Kind Regards, Melle Eijckelhoff Director CFO South Africa | [email protected] 18 November 2013 “There are several merger and acquisition deals on the table at the moment,” says Business Day columnist David Gleason, who publishes the quarterly M&A magazine DealMakers. He says those deals are being “worked on and discussed”, but they’re “cooking in the pot for now” because of the political uncertainty in South Africa. “We have to get through the elections and see what sort of cabinet we will get. If it is a team of reasonable people, it will unlock a lot of energy for the economy.” 04 October 2013 “We are not living in the information age anymore, but we have moved into the communication age, where social media and relationships are becoming crucial elements of our daily work.” Those were the words of Aarti Takoordeen, CFO of the JSE Limited, who gave a snappy, thought-provoking presentation during the 5th CFO South Africa event, which took place in the Saxon Boutique Hotel in Johannesburg on Thursday 3 October. 26 September 2013 The 5th CFO South Africa Event will take place on October 3rd 2013, titled 'Managing Corporate Growth.' CFO South Africa, in collaboration with Oracle, CQS, Transparent, IQ Business and ReadSoft, is organizing this event at one of the top-rated hotels in the world, the Saxon Boutique Hotel in Sandton.To SPAC or not to SPAC? An interview with #FinTech financier Greg Voigt
Quietly confident about deals in 2016, says KPMG's M&A guru John Geel
Bonitas and Liberty discuss merger
Goodwell Investments acquires minority stake in Musoni Services
KPMG scoops Reporting Accountants awards at DealMakers Gala
EY: Distress and divestments to dominate mining deals in 2016
International investors are eyeing African healthcare, says KPMG's Anuschka Coovadia
CFOs should know PE firms want asset growth in Africa, says KPMG's Michael Rudnicki
RMB's Africa Outlook 2016 - GDP growth in a slump
CFO South Africa sponsors DealMakers Award
AB InBev lists on JSE
MTN acquires rival Nigerian operator, Visafone
Investec acquires R623-million Australian property investment
Advisory banks selected for SABMiller JV
AMG acquires equity stake in Abax Investments
Sasol Inzalo shares now trading on the JSE
China Resources to buy SABMiller's Snow beer stake
Funding and regulation hindering startup success South Africa
What can CFOs and entrepreneurs learn from each other?
ABInBev and SABMiller reach an agreement
Will Telkom be successful in buying Cell C?
David Jones, B-BBEE and success, a chat to Woolworths CFO Reeza Isaacs
Virtual data rooms essential for M&A - Arie Maree, Ansarada
Economic cloud has silver lining, says PwC's Maija de Rijk-Uys
Adapt IT buys CQS Technology Holdings for R217 million
Breaking news: AB InBev to buy SABMiller for R1.4 trillion
Sibanya acquires Aquarius Platinum; companies' share prices soar
Cash in, cash out - the amazing Fundamo journey
AB InBev makes third offer to purchase SABMiller
Colin Vallis: attitude change financial institutions crucial for Afican FinTech
Lessons from a successful exit: iKubu bought by Garmin
Brait sells bonds worth $540 million to fund acquisitions
McKinsey: Infrastructure is the way to grow SA's GDP
Coricraft stake sold to Actis
10 steps to a successful exit strategy
Imperial Holdings seeks acquisitions to expand its African business
Triple CFO Award winner Colin Brown raises the bar at Super Group
FinTech innovators and capital need to partner - Charles Savage, GT247.com
Meet Bongani Nqwababa (Sasol), winner Finance Transformation Award 2015
Risk in Africa - an Expert Insight by Dianna Games
The CFO's approach to analysing an M&A transaction
Mike Brown, CEO Nedbank: Brilliant CFOs are persuasive
CFO South Africa Newsletter | CFO Event gives CFOs insight in fraud risk | Better (not more!) data important for CFOs | Reach 5000 CFOs in CFO Magazine | Register for CFO Event Digital Transformation
Peter Goss (SizweNtsalubaGobodo) gives CFOs insight in fraud risks
CFO South Africa Newsletter | Carving out your role as CFO | Reach 5000 CFOs in CFO Magazine | Financial outsourcing in CFO toolkits | Don't find fault, find a remedy
CFO South Africa Newsletter | Register for CFO Event July 10 | Rewarding innovative CFOs | CFOs playing a more significant role | Africa should be a net food exporter
CFO Awards tremendous success | Simon Ridley named CFO of the Year | Top CFOs from PPC, EOH, Siemens share knowledge | Join CFO Event Corporate Growth July 10
Who will win the CFO Awards? | Meet speakers from Allianz, Siemens and SNG | Reserve your seat today
InnoVent and Transparent impress at Capital & Finance event
Get Smart CFO Event offers fascinating insights | CFO Awards jury start interviewing CFOs | Register for CFO Event Capital & Finance
CFO South Africa Newsletter | Last chance to register CFO Event March 13 | Courage crucial for success | New nominees CFO Awards | Does your firm need a CIO?
CFO South Africa Newsletter | CFOs need more recognition | Nominee CFO Awards: Andre du Plessis CFO Capitec | Get Smart in 2014
CFO South Africa Newsletter | New CFO Awards nominees | Andre du Plessis: Be brutally honest | CFO ArcelorMittal: Pick your battles
CFO South Africa Newsletter; Register now for the first CFO South Africa Events of 2014 | A game changer for CFOs | CFO Awards 2014
David Gleason, Owner of DealMakers Magazine: There are deals cooking
Focus on growth and innovation at successful 5th CFO South Africa Event
Upcoming 5th CFO South Africa Event on Managing Corporate Growth
