Three ways a CFO can meet the board’s expectations
By Staff writer The relationship between CFOs and the board of directors is crucial to the long-term success of any company. Studies and experts point to these three factors as core to meeting the board’s expectations. Internal controls are key “CFOs experience higher turnover rates after their firm has received an adverse opinion by [&
How CFOs are responding to the supply chain crisis
Whether it’s a stuck ship in the Suez, sanctions or a factory shutdown in Shenzhen, CFOs are shackled by supply chain issues. Purchase order lead times in South Africa reached a multi-decade high in the first quarter of 2022, according to a survey by the Bureau for Economic Research. They found that almost seven […]
Don’t go it alone: How to deal with the growing demands on CFOs
“CFOs have influence over more and more functions. The magnitude of the change is both impressive and broad,” according to research from McKinsey. Researchers increasingly find that CFOs have their fingers in many more pies than ten years ago. SpencerStuart recently noted that CFOs must now “grapple with a host of external forces
South Africa: improve productivity and the efficiency of public spending to bolster living standards, says OECD
OECD – Paris, 25 August 2022 South Africa needs to step up its reform efforts to avoid its economic recovery from the COVID-19 pandemic losing steam, according to a new OECD report. Persistent weaknesses in productivity growth and the negative impact of Russia’s war of aggression against Ukraine on purchasing power through the rise […]
Inflation, recession, stagflation? But don’t admit defeat with your money!
Ignore the risks that inflation, recession and possible stagflation pose to your money, and it could be a very costly mistake, warns the CEO of deVere Group. However, you don’t have to “admit defeat and only seek capital preservation” as capital growth is highly achievable too, even in these challenging economic times. The combination of […]
From CFO to CEO: why this pathway to the top is increasingly common
In February, Barry McCarthy was promoted from CFO to CEO of US sporting company Peloton Interactive. Closer to home, David Pfaff went from CFO to CEO of Tyme Group in May. We think the pathway from CFO to CEO will become increasingly common for these three reasons. 1. CFOs are no longer just number […]
How CFOs can keep and attract top talent
Talent shortage is the number one threat to business, according to a survey of leaders of the Fortune 500 companies. This is because the US is experiencing a strong demand for labour and low unemployment after COVID, dubbed ‘The Great Resignation’. The rest of the world is in the same predicament, although not always for […]
Why I became a SAIBA certified CFO
Inge Mulder has been the SANRAL CFO since 2003 and earned her SAIBA CFO designation in 2020. Why seek a professional designation for a role you’ve occupied for over two decades? There are a few reasons that convinced Inge Mulder, the CFO at the South African National Roads Agency (SANRAL), to apply for the CFO(SA) designation in 2020. Firstly, [&hell
How to create a strong partnership between the CFO and CISO
Building a stronger internal cyber defense strategy is crucial for organizations since technology is constantly developing, making cyber security a greater threat and harming businesses more. In order to build this stronger cyber defense, it is crucial for a Chief Financial Officer and the Chief Information Security Officer to work together. Read the ful
How to become a Cert.Fin.Officer(SA)
So you Googled how much CFOs earn, and now you want to become one and earn the CFO(SA) designation recognized by SAIBA? Here’s how to make that possible. What is a CFO(SA) designation? CFO(SA) or Certified Financial Officer South Africa is a professional designation recognized by SAQA (South African Qualifications Authority). The designatio