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…
DetailsThe 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…
DetailsHitting rock bottom We’ve all heard the phrase ‘wake-up call’ before – either while growing up, or in articles, the news, movies or even songs. I’m sure we’ve all experienced a wake-up call in some way or another – the one where you know that you can’t ignore the signs any more – it’s time…
DetailsI 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…
DetailsWhat 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…
DetailsThe 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…
DetailsMorgan 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…
DetailsBackground The Minister of Finance, Pravin Gordhan, presented the National Budget for the 2017/2018 financial year on Wednesday, 22 February 2017. The Budget brought about both burden and relief in the form of adjustments to various tax tables for individuals. For example, the Budget increased the minimum taxable bracket for individuals earning from R0 to…
DetailsOn 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…
DetailsBy 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…
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