The fastest growing segment of the wealth management industry is now digital and is referred to as “robo-advisory services”. The assets under management (AUM) of this segment are expected to grow by 2 500% by 2020 to reach a potential market value of US$489 billion” (Deloitte Insights, June 2016). Estimates are ‘robos’ will deal with…
The King Committee published the King IV Report on Corporate Governance for South Africa 2016 (King IV) on 1 November 2016. King IV is effective in respect of financial years commencing on or after 1 April 2017 and replaces King III in its entirety King IV’s boldness is evident in the clear focus on transparency…
I have always thought that speaking on this topic to this audience would be preaching to the converted. However, I have had a number of interactions in the last year where the importance of this topic has been highlighted to me, along with the awareness that most of us are not using it to our…
What a time to be alive. No really, it is. I don’t mean this in the ironic way the Internet does. Ignoring the lack of hover boards for the moment, it’s amazing to consider how many sci-fi ideas are about to enter the mainstream in our lifetime: drones, virtual assistants, robots, 3D printing and, probably…
The speed of change is incredibly fast, with telecoms, healthcare and IT companies setting the trend on the outer edge. In fact, in almost every industry, groundbreaking leaps into the future are being reported on a daily basis. However, one industry remains painfully silent – the accounting profession. Why? We’ve been tied up in a…
Morgan Jones, Principal in the Corporate Finance team at Bravura, an independent investment banking firm specialising in corporate finance and structured solutions, outlines the imperative of exit strategy planning for owner-operators. One of the biggest challenges for owner-operator companies is when and how to introduce some form of exit or succession planning. Successful companies will…
On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+. A rating of BB+ is considered below investment grade (sometimes referred to as “junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at…
By Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management “Don’t get distracted, focus on the fundamentals”, says Mokgatla Madisha, Head of Fixed Interest at Sanlam Investment Management. The political situation in South Africa has been fluid for quite some time so the events of last week are not all that surprising. They serve…
In November 2016, 2 529 aspiring CAs(SA) nervously sat for their final professional examination, the Assessment of Professional Competence (APC). Now SAICA can announce that 89% (2 247) of these candidates passed The CA(SA) journey is not for the faint-hearted. It takes a minimum of seven years to complete and those who begin the journey…
Rolls-Royce Sandton recently launched the Rolls-Royce Black Badge in South Africa. This new series comes in Ghost and Wraith only, and what more fitting place to launch the cars than the newly revamped Kyalami race track ‘Black Badge is an attitude to life, an aspect of the Rolls-Royce brand that appeals to those people who…
