Key Findings
- 134 JSE-listed CFO changes in FY2025 — the highest on record. Spencer Stuart and PwC data show the pattern is structural, not cyclical.
Overview
JSE-listed companies announced 34 CFO transitions in FY2025 — up from 21 in FY2023 and the highest annual count since tracking began in 2013.
"(2) Pay compression — SA CFO median comp of R14."
Digital-native businesses in SA achieve 4.2x faster time-to-market and 68% lower unit costs than legacy competitors.
The digital divide is no longer a technology gap — it's a survival gap.
Why this matters now
Median CFO tenure has fallen to 4.1 years, from 5.8 years a decade ago. 60% of the 2025 transitions were unplanned (external move, health, or dismissal), against a five-year average of 42%.
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