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THE Bottomline THE BOTTOm LINE CIMA and IoD Alliance Ceremony CIMA and Institute of Directors of Zambia (IoD) signed a and the private sector through education, training and Memorandum of Understanding (MoU) on Wednesday 25 participation at relevant fora. June 2008 at Cresta Golf View Hotel in Speaking at the same Lusaka. The MoU is function, CIMA Zambia aimed at fostering President Victor collaboration between Nyasulu pointed out the two organisations, that ‘as a market in the enhancement leader in the science of good corporate of management governance in accounting, CIMA is Zambia’s public and delighted to bring private sector. to the table through the MoU a wealth of Speaking at the expertise on corporate occasion of the signing governance. For ceremony British High example, CIMA has Commissioner to recently developed Zambia his Excellency the CIMA strategic Alistair Harrison noted scorecard with the that over the last three fundamental objective years, Zambia had done very well at the macroeconomic of, among others, assisting the board, particularly the front. independent directors, in the oversight of a company’s strategic process. Mr Harrison further explained that the biggest challenge Zambia was facing is rationalising the limited resources CIMA South Africa has moved now available for expenditure on infrastructure, health and education. Mr Harrison alluded to the need for the fight against corruption to continue side by side with The CIMA South Africa office has moved to: promotion of good corporate governance. 1st Floor, South West Wing IoD Zambia President, Mumba Kapumpa said the MoU (new building next to Thrupps Centre) emanated from the Institute’s decision to take good 198 Oxford Road corporate governance beyond the corporate world. ‘We Illovo are taking issues of good corporate governance beyond 2196 the corporate world. We are talking to trade unions, trade institutions, government ministries, private and The numbers have changed to: public sector organisations among others,’ he said. Mr T: 011 788 8723 / 0861 CIMA SA (246272) Kapumpa said the Institution had a mission to promote F: 011 788 8724 high standards of corporate governance in both the public 1 TOP STUDENTS MAY 2008 EXAMINATIONS The following students obtained Paper 7- Financial Accounting & Paper 3- Risk & Control Strategy the highest mark in their respective Tax Principles Rachel Kalipi countries in the May 2008 Mussa Tawakali examinations. Congratulations to all Paper 9- Financial Strategy of you. Paper 8- Financial Analysis Christian Knobloch Mussa Tawakali TOP STUDENTS IN BOTSWANA TOPCIMA Strategic Level Derick Briers Managerial Level Paper 3- Risk & Control Strategy Paper 1- Performance Evaluation Mphatso Kasalika TOP STUDENTS IN SOUTH AFRICA Pearl Molosiwa Paper 6- Business Strategy Managerial Level Paper 2- Decision Management Sheila Mahuka Paper 1- Performance Evaluation Solomon Ngwenya Jason Nathan Paper 9-Financial Strategy Paper 4- Organisational Stephen Luwanda Paper 2- Decision Management Management & information Elzette Ferreira System TOPCIMA Alex Jjuko Boddingtone Munyenyembe Paper 4- Organisational Management & Information Paper 5- Integrated Management TOP STUDENTS IN MAURITIUS System Veronica Ofaletse Lucille De Kock Managerial Level Johannes Poggenpoel Paper 7- Financial Accounting & Paper 4- Organisational Tax Principles Management & Information Paper 5- Integrated Management Mpho Molefhi System Pershy Ntuli Sailesh Ramyead Leanne De Gouveia Paper 8- Financial Analysis Veronica Ofaletse Paper 5- Integrated Management Paper 7- Financial Accounting & Clifford Nyathi Aparna Ramprogas Tax Principles Stuart McKechnie Strategic Level Paper 7- Financial Accounting & Paper 3- Risk & Control Strategy Tax Principles Paper 8- Financial Analysis Keamogetse Phokoje Mohamed Ikbal Ramjanally Roxanne Mingard Paper 6- Business Strategy Strategic Level Strategic Level Saakarea Rabalone Paper 3- Risk & Control Strategy Paper 3- Risk & Control Strategy Yim Teck Li Ching Hum Gizelle Strydom Paper 9- Financial Strategy Theresa Ntshutelang Paper 6- Business Strategy Paper 6- Business Strategy Jhowry Gunesh Shevana Somaru TOPCIMA Palpolage Kalansooriya Paper 9- Financial Strategy Paper 9- Financial Strategy Deodass Poolovadoo Pieter Schoeman TOP STUDENTS IN MALAWI TOP STUDENTS IN NAMIBIA TOPCIMA Managerial Level Nonzukiso Siyotula Paper 1- Performance Evaluation Managerial Level Susanna Middelberg Rute Kayira Paper 1- Performance Evaluation Norbetha Chatakavinga TOP STUDENTS IN SWAZILAND Paper 2- Decision Management Austin Kabaghe Paper 4- Organisational Managerial Level Management & Information Paper 1- Performance Evaluation Paper 4- Organisational System Themba Dlamini Management & Information Florian Hartzenberg System Paper 2- Decision Management Rute Kayira Paper 8- Financial Analysis Mukasa Timothy Wilhelmina Brand Samkeliso Motsa Paper 5- Integrated Management Thandazo Moyo Strategic Level Paper 4- Organisational 2 Management & Information Chilufya Kabalika Paper 4- Organisational System Management & Information Zanele Dlamini Paper 7- Financial Accounting & System Tax Principles Wakemore Musakasa Paper 7- Financial Accounting & Yamba Chotela Tax Principles Paper 5- Integrated Management Skhumbuzo Dlamini Paper 8- Financial Analysis Ray Mushayahama Namakau Situmbeko Paper 8- Financial Analysis Paper 7- Financial Accounting & Mukasa Timothy Strategic Level Tax Principles Paper 3- Risk & Control Strategy Azael Ndlovu Strategic Level Moses Mwale Paper 6- Business Strategy Paper 8- Financial Analysis Nokuthula Dludlu Paper 6- Business Strategy Farai Mujajati Rachel Gondwe TOP STUDENTS IN ZAMBIA Strategic Level Paper 9-Financial Strategy Paper 3- Risk & Control Strategy Managerial Level Ben Mulenga Kudzai Nyathi Paper 1- Performance Evaluation Tom Banda Claire Chileshe TOPCIMA Zainab Chitobolo Paper 6- Business Strategy Paper 2- Decision Management Tapfumaneyi Mubonderi Kebby Mulomo TOP STUDENTS IN ZIMBABWE Paper 9-Financial Strategy Paper 4- Organisational Managerial Level Fortunate Chapendama Management & information Paper 1- Performance Evaluation System Gretchen Zenda TOPCIMA Douglas Kuliye Arnold Chidakwa Paper 2- Decision Management Paper 5- Integrated Management Luke Chanhuwa BE BETTER EQUIPPED FOR THE ECONOMIC BOOM The President of the Ghana Branch of CIMA, Mr. Jonas S. would not have been complete without some tips from Quaye, recently held a soiree, dubbed, “An Evening with Mr. Sam Tettey a Senior member of the Institute and the the President” at his Hill City residence in Accra, on the Managing Director of City Investment Company Limited: Aburi hills aimed at bringing members together and to who delivered an address on the topic “The role of the motivate them to participate in the activities of the local Management Accountant in a Globalised World”. branch. Mr. Tettey touched on five major factors for management In his welcome address, Mr. Quaye has urged CIMA accountants to dwell on, including new standards of professionals to be better prepared than ever to take up performance, international quality products and services, the challenge of the economic boom in the country. He cost competitiveness, corporate cultural practices and cited the current economic stability and the recent oil market advantages. find as having great potential for the nation and called on members of the Ghana Branch to be ready to contribute The “Evening with the President”, which is an initiative their quota to the anticipated economic boom. of Mr. Quaye was well attended and attracted other professionals including Lawyers, Surveyors, Educationist, Speaking further, Mr. Quaye acknowledged that CIMA Architects, Engineers, Bankers, Administrators and Professionals were adequately equipped and resourced Accountants. There were 7 professionally to play very critical roles in the building of students, 33 members and the national economy and called on members to respond passed finalists with appropriately to all opportunities. He challenged the their spouses. students present to devote their time to their studies and also aspire achieving their letters. Being management accountants, the evening 3 Shedding light on skills Eskom embarks on learnerships to guarantee ability ahead of recovery Eskom chose ten candidates to participate in their pilot conference to ensure they chose the right model for the learnership programme, which was accredited in 2007 and learnership. is currently underway, with CIMA being used as the model for their learnership programme. “CIMA is a highly tradable qualification, with graduates ideally equipped According to Eskom to work outside Training Manager an organisation’s Amanda Bergh finance function, the integration through their of studies while strategic and upgrading skills managerial focus,” was a motivating says Bergh. factor for Eskom in choosing CIMA. With the expansion “Management phase Eskom accountants have has embarked the potential to upon, they need be at the heart of accountants who strategic decision- have the financial making within an acumen but can also organisation.” think on a strategic level. Strategic business skills will develop business leaders Bergh explains how Eskom conducted extensive who in turn will add to the strong skills base this country benchmarking and attended an international CIMA and large corporates like Eskom need. New CIMA Training Partners ACE-Audit Control and Expertise is a highly specialised assets from the raw material stage through to the sale of credit support services organisation. Their services enable
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