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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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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.

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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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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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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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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.

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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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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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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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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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