Response to BNC#6 – SA needs more CFOs: Rowan de Klerk
On the back of the annual BizNews conference BNC#6, Rowan de Klerk, CEO at CFO Centre, wrote an op-ed stating that South Africa needs more CFOs.
CFO
đź”’ CFO pay rises – With insights from The Wall Street Journal
“Median pay for finance chiefs at the largest U.S. companies rose 7% during the 2020 fiscal year, largely driven by stock-based compensation.”
‘Lynne Brown, it’s time for transparency, scrutiny of Eskom board’: Save SA
The Save South Africa campaign has urged Public Enterprises Minister Lynne Brown to adopt a new approach to the appointment of the next Eskom board.
Google hires Morgan Stanley’s Ruth Porat as new CFO
Google Inc. said it hired Ruth Porat, Morgan Stanley’s chief financial officer, to succeed Patrick Pichette as its new CFO in May.
SA’s disastrous Municipalities – rotten fruits of cadre deployment
Fikile Bili shows the destruction wrought through a combination of Municipalities’ incompetence and corruption – the direct consequence of cadre deployment.
Expert analysis of Naspers’ downgrading and its Tencent holding
The big news shocker for the day was the downgrading of Naspers’ senior unsecured debt by Fitch to the status of non investment grade, which is also known as junk. Whilst trying to make sense of the bold move by Fitch, and whether or not it is cause for alarm, Alec Hogg spoke to expert … Read more
A butterfly flaps its wings and a tornado results – Daily Newsletter
By Alec Hogg A few years back, I was approached by a London investment bank which needed help on assessing Nedbank. They were sworn to secrecy, but as tends to happen, it wasn’t too hard to work out their client was Standard Chartered Bank. The UK group has cash to burn. And as Old Mutual … Read more
Schindehutte resigns: no place for CFO in Telkom Dream Team
Telkom’s Jacques Schindehutte saga has finally ended. It was announced today that the suspended former CFO had resigned and left the building. Some months back, my reading was that he had backed the wrong horse in supporting the proposal to sell a chunk of the business to the Koreans. That gave him little chance of integrating … Read more
Analysing MTN’s CEO shuffle
This week’s announcement by MTN Group that Ahmad Farroukh would be replacing Zunaid Bulbulia as CEO of MTN South Africa with immediate effect raised a number of questions. Zunaid Bulbulia will be moving into the position of group chief operating officer after only a year of serving as CEO. To get more insight into the … Read more
Investors want answers: CFO Nazir Patel’s sudden departure to dominate MTN’s results presentation
MTN, which with a R365bn market cap is comfortably South Africa’s leading telecoms company, tomorrow releases interim results for the half year to end June. Investors are already aware from the group’s trading update that earnings will rise between 20% and 25%. So the profit number and even the dividend payment won’t be news. But … Read more