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30 July 2020 | Story Leonie Bolleurs | Photo Supplied
Henning Neethling, the newly appointed CFO of Sky News Australia.

After a number of finance jobs in both big and small companies, UFS alumnus Henning Neethling was ready for a new challenge when the opportunity to join one of Australia’s most influential companies came knocking on his door. 

Neethling, who completed his bachelor’s and honours degrees in Accounting at the UFS between 2000 and 2004, together with a Certificate in the Theory of Accounting (CTA), was strongly attracted to the position at Sky News Australia when he was presented the opportunity.  

“The Department of Economic and Management Sciences, especially the amazing lecturers I had during my time there, as well as my fellow students, played a pivotal role in my education and prepared me for this job. As a kid you take things for granted, but the more my career progresses, the more I realise how much effort, investment, and influence these lecturers had on me as a student.”

Neethling also believes that the university inadvertently provides its graduates with an insight into real life; what it would be like to take responsibility for your career, drive your own results through hard work and determination, and to really get tested on how much you wanted something.

Strong relationships

Working at Sky News Australia, especially in the role of Chief Financial Officer (CFO), requires some distinguishing qualities. Neethling feels it is important to always build strong relationships at all levels – not only with staff reporting to you, but also with peers, stakeholders, related parties, suppliers, superiors, etc. 

“For me, relationships lay the foundation for getting things done – more often than not – better and faster due to the collaboration that flows from it,” he says. 

And the UFS also contributed to this skill. Neethling says he learned a great deal during his time at the university, “not only in the classroom, but also on the rugby field playing for Shimlas”. 

“It combined to make me a more rounded person. It is essential, specifically when you are in a leadership position, to have been part of a team and to really understand that dynamic. In the workplace, it is very clear that the more rounded individuals are often people who played team sports or were part of a team. This is where you learn that your actions impact others around you and that you should be ready to be held accountable for it.”

Another quality required of him as CFO is to have a flexible mindset. “Being able to adapt to an ever-changing landscape is key. The only constant is change, and no truer words can be spoken about the media landscape in this day and age. So, to survive – but more importantly – to thrive, you need to adjust to the circumstances and do it swiftly,” he says.

Dealing with COVID-19

If there ever was a time to adjust to circumstances, we can all agree that it is now, with the presence of the COVID-19 pandemic. He says to date, it has been one of the biggest challenges he had to deal with.

“In my first month in this role as CFO of Sky News, COVID-19 really took off on a global scale. It was a combination of numerous reforecast submissions, business interruptions, revaluation of risks, improvement of processes, and uncertainty. But it all came back to strong relationships with the team, the business, and all other stakeholders getting you through something like this.” 

He believes the UFS is on the right track with its mental-health awareness campaigns. “I think the most important lesson an institution such as the university can teach its students and graduates in dealing with the challenges brought by COVID-19, is how we treat people with mental-health issues and also how we manage ourselves when it comes to that.”

And how do one take care of yourself if you are in an ever-changing, fast-paced job as CFO? By starting the day with that first cup of coffee. “I cannot function without that coffee, trust me.” And by making time for loved ones – his six-month-old baby, Maia, and his wife, Madi.

News Archive

How to interpret Centlec’s load shedding
2008-01-31

Everyone in South Africa is affected by power failures (load shedding). Centlec took certain measures to manage the situation. These measures are explained:

Time slots
See the following table for an indication of times when load shedding might be applied to specific areas:  http://www.centlec.co.za/power_shed/PDF/time_slots.pdf

Groups
The city was divided into six groups. This document clearly indicates which area in the city resorts under which group: http://www.centlec.co.za/power_shed/PDF/groups.pdf

According to the document, the university resorts under group 4. In the table with time slots it is the grey area.

Stages
Eskom developed three stages for load shedding. (See stage table at the bottom of the page http://www.centlec.co.za/power_shed/PDF/time_slots.pdf)
- Stage 1: Less load shedding is applied in stage 1. E.g. the UFS resorts in group 4 and on a Monday, according to stage 1, the power will not be switched off during 12:00 and 14:30 (this time slot is not highlighted in orange).
- Stage 2: More load shedding is applied in stage 2. Load shedding will be applied during stage 2 between 12:00 and 14:30 on a Monday at the UFS.
- Stage 3: All time slots are highlighted in orange, which indicates that power will be switched off for the whole duration of stage 3.

Example
Today, Tuesday, load shedding was scheduled to take place from 10:00 to 12:00 at the UFS. Currently, according to Centlec’s web site, stage 1 is active. This time slot is not marked in stage 1, therefore load shedding is not applied. Centlec gives also additional information; “No load shedding in progress.”

Keep in mind that if an area is at risk it does not automatically imply that the power will be switched off. It all depends on the request from Eskom at that particular moment whether the actual shedding is required.
 

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