VIEWPOINT: Is offshore best?

Offshore equities are looking increasingly attractive: the MSCI World Index returned 39,7 per cent in rand terms during 2013. However, with the rand’s recent depreciation, emotions are once again running high, with fear and greed rampant and herd behaviour becoming evident. And to compound the excitement, it’s election time again. At the start of 2014,…

Special Report – Education nation

Education is defined by the Oxford Dictionary as “the process of receiving or giving systematic instruction, especially at a school or university”.1  Former president Nelson Mandela put it more simply by declaring that education is “the most powerful weapon which you can use to change the world”. At the moment South Africa is definitely not…

Special Report – It’s not just about the numbers

So you’re a CA(SA). You’ve studied for years and you’re a highly qualified professional with lots of workplace experience to boot. Why on earth would you consider adding a notoriously expensive and demanding MBA to your already impressive qualifications? Well, for starters, you’d be learning to apply management concepts, enhance your consultancy skills, advise businesses…

LIFESTYLE: Motoring: Subaru Forester XT

Subaru has always been different in its design and styling. The Forester has been a huge success with families around the world. In its latest guise, Subaru has bowed to the pressure and made the latest Forester look more like the usual soft roaders on the road. Gone is the high-roof station-wagon look and in…

VIEWPOINT: Anchoring reference point

Prospect Theory shows us that we measure gains and losses relative to a set reference point or status quo (see my previous article). This particular reference point is subjective and can be different for different people in different scenarios. In 1974, Amos Tversky and Daniel Kahneman performed an experiment where they asked participants: “What is…

INFLUENCE: Streamline, enhance budget

Budgeting and forecasting are major tasks for the ‘office of finance’ in any organisation and the collection and collation of financial data can take months of preparation. However, in today’s fast-paced world, these time-consuming manual processes can prove to be a major hindrance. More than often, by the time budgets have been set, market influences…

INFLUENCE: Fraud and corruption Back to basics

We live in testing and uncertain times, with global and local economies struggling to come to grips with slow growth, high unemployment and rising living costs. This phenomenon is often associated with entities embarking on cost cutting and cost containment, with employees bearing the brunt of low salary increases and decreased disposable income. The implication…

VIEWPOINT: Marikana and e-tolls

Maintaining good stakeholder relations is ‘the right thing’ for companies to do, but how many pay lip service and don’t grasp its vital feedback role? What is a stakeholder? Traditionally, shareholders and clients were the stakeholders, with the workforce also usually acknowledged. Nowadays the definition has broadened to include all those parties who will be…