Fastest-growing African country for millionaires Mozambique is expected to be the fastest-growing African market for individuals with a net worth of US$1 million or more over the next ten years, followed by Ivory Coast and Zambia, according to the Africa 2015 Wealth Report. South Africa is home to the most people in Africa worth US$1…
Discovery CEO Adrian Gore recently pointed our management team towards a recent article by John Kay, visiting professor at the London School of Economics, in the Financial Times (‘Why our planes are growing safer and our finances are not’, 1 April 2015), who makes a point well worth exploring. Flying is a very low-risk means…
The recent release of the ‘carbon offsets paper’ by National Treasury raises the question of whether carbon offsets are in need of a feasibility reassessment, for the planet and the bottom line. Do they bring profit? By Gary Swartzand Zani Labuschagne South Africa is one of the world’s top 15 greenhouse gas (GHG) emitters. In…
The objective of business forecasting should be to become ‘future ready’. Companies can do this by systematically and rationally assembling information that gives managers forward visibility regarding likely outcomes as well as risks so that they can execute strategy. Greg Bogiages explains Achieving robust performance over the long term requires businesses to develop healthy forecasting…
MISTAKE NUMBER 6: NOT MAKING SURE YOU ARE COVERED FOR HAZARDOUS PURSUITS If you are one of those people who plan to spend weekends engaging in extreme sports, it is crucial to determine if your life insurance and disability policy covers you in the event of an accident arising from these activities. If your leisure…
Here’s a little exercise for you. I’ve often alluded to the importance of budgeting, but let’s break it down and put it into practice. How much do you spend on groceries per week? How much do you want to be spending on groceries every week? (Is it just me, or am I spending more and…
There is a degree of empathy in many people that can understand somebody in desperate need committing a crime, particularly a ‘victimless’ crime like fraud against a large business. Who is really hurt if the secretary is taking home stationery for her kids, or an individual inflates an insurance claim, both within reason? More often…
An annual milestone publication, however well intentioned, is only part of the story and may even be an unfortunate and unintended detraction. By Lindie Engelbrecht CA(SA) and Carl Ballot CA(SA) Informed business leaders generally agree that sustainability is one of the primary moral and economic imperatives for the 21st century and one of the single…
‘If you ensure that you remain in business every next day, you will be in business indefinitely,’ says Wilfred Ngubane, founder of Ngubane & Co. Sasheera Gounden spoke to him about his firm’s success Donning a striking red tie and blue-striped shirt, the founding CEO of Ngubane & Co., Wilfred Bhekabantu Ngubane CA(SA), barely looks…
Research shows that 39% of retirees rate death as their greatest fear while fully 61% rate ‘running out of money’, or effectively living too long. With each passing decade, life expectancy grows by one year. For individuals, it poses the question of how to invest now to pay bills later. There’s no right or wrong.…