Private healthcare costs are spiralling out of control in South Africa, making it unaffordable for many poor and middle class citizens. The sector is therefore looking at many different ways to control and reduce costs, one such being, advocating the use of generic medication as opposed to branded medication. This is according to Graham Anderson, […]
Neil Stuart-Findlay, portfolio manager at Investec Asset Management, discusses why he believes there are still ...
Mark Mobius, Franklin Templeton Brazil has been on a spending spree during the past few ...
Credits accumulated from the Secondary Tax on Companies (STC) regime can save shareholders significantly by ...
Marriott, the Income Specialists, contemplates the investment landscape in a post-QE world Since 2008 the ...
While cash-strapped consumers are struggling to finance monthly expenses, and the longest-running strikes in 20 ...
- Q: How did you get involved in financial services - was it always something you wanted to do?
- A: My interest in business started in high school when I used my school holidays to trade in anything from old toys to supplying teachers and family friends with fresh fish. This naturally ignited my interest in commercial subjects at school and all the way to graduating with a master of commerce degree in economics. My thesis was on investigating the linkage between financial services and economic growth and I published a few papers in academic journals on various topics related to this subject. I felt this was not enough so I enrolled for another masters degree in finance at Rhodes University to further my understanding of funding and the real financial services industry. Towards the end of my final year of studies I was offered a lecturing job at university but with a clear understanding that I was still on my path to joining the financial services industry. With no financial services experience, I had to make a very difficult decision of taking a pay cut to join Standard Bank as a trainee under their corporate & investment banking division. My interest in research as well as passion for financial markets naturally drove me to settle for an analyst role in their stockbroking business. I have been an analyst for almost a decade now and still loving it.
- Q: What makes a good analyst - how much knowledge is specific and how much general?
- A: Analysts come from many different academic backgrounds (finance, economics, engineering etc) but I think the first and most important factor is passion for financial markets. I'm a strong believer in that we can only excel sustainably in things that we are passionate about. I think specific knowledge required includes a good understanding of finance and economics to get you started, but you cannot underestimate the role played by a good experienced team around you. At Mergence Investment Managers we place a huge emphasis on sharing and openly debating investment ideas.
- Q: Good consistent decisions - in the fast moving world of finance how are these achieved?
- A: I believe the key to investment success never changes - buy cheap, quality investments and sell overvalued investments! Consistent decisions and performance require a well-defined operating framework and sticking to it. Mergence Investment Managers has clearly defined policies and procedures to guide our investment process. We put a lot of emphasis on understanding and closely following the businesses we invest in. Investment ideas are thoroughly investigated and debated to make sure they are consistent with our guiding principles.
- Q: What differences do you find between the academic and business world?
- A: The academic world is very good with building the theoretical foundation and developing communication skills. These are essential foundation tools to get you started in the business world. I think the business world demands more skills in the execution and commercialisation of ideas. It is a big difference dealing with learners compared to dealing with breadwinners – you’ve got to stay on top of your game to make sure families are fed!
If South Africa is to grow, we need to make an active decision to grow, take decisive action, live with the consequences tough decisions give rise to, change the mindset from job creation to business creation, and create an enabling supportive environment. And we need to stop hiding behind the NDP. Last night I attended […]
Alexander Forbes Insurance (AFI) today urged holiday makers to review their insurance policies because of increased risk during the forthcoming holidays. Gari Dombo, MD of AFI says the holiday break, which combines with the school break, means that many families will be travelling to holiday resorts or to visit relatives. As a result, heavy traffic […]
It is a relatively straightforward and inexpensive exercise to create a trust and many founders of trusts will continue to hold assets in these structures in the mistaken belief that their trust is valid. However – a trust must comply with certain strict formalities for it to be sound and it is usually only when […]
According to the World Health Organisation the road fatality rates on the African continent is the highest in the world. In fact, Nigeria and South Africa are recorded to have the highest fatality rates with 33.7 and 31.9 deaths per 100 000 population per year, respectively in comparison to Australia’s 5.2 and New Zealand’s 9.1 […]
By Jeremy Gardiner, director, Investec Asset Management My brother has just returned to South Africa after living in Geneva for 14 years. He is going to reside in Johannesburg and work for Discovery Health and he is deliriously happy. What is exhausting, though, is the question (accompanied by a look of near disbelief) asked by […]
By Santhiran Naidoo, Investment analyst, Glacier by Sanlam On 29 January 2014, South African Reserve Bank (SARB) governor Gill Marcus announced that the repo rate would be raised for the first time since 2008. The repo rate is the “rate at which the private (sector) banks borrow rands from the SA Reserve Bank (SARB)”. The […]
South African businesses need to ensure they have adequate cover for the risk associated with strikes, civil protests and riots, says Hillary Magede, Senior Manager of Business lnsurance at Alexander Forbes Insurance (AFI). Last year, labour unrest affected the construction; car manufacturing; gold; textiles and clothing; and fuel retailing industries and with fears around the […]
By Roelof Horne, portfolio manager, Investec Asset Management Nigeria’s rebasing of its GDP, expected to happen this weekend, may negatively affect perceptions about South Africa’s position on the continent, but it will reflect Africa’s reality far better. Nigeria is about three times the size of South Africa in terms of population, but its economy is […]
Given the recent market events, such as the weakening Rand, it is becoming even more vital for investors to understand that their investment portfolios are not only influenced by market movements, but also by their own actions. This is according to Dave Mohr, Chief Investment Strategist for Old Mutual Wealth, who points out four simple, […]
By Marriott Asset Management The International Monetary Fund (IMF) report on South Africa, released in October 2013, discussed the country’s prevailing economic situation and its future prospects. Although the report’s findings were wide ranging, an observation of particular relevance to South Africa and our current investment climate was the IMF’s concern relating to our vulnerability […]
Follow @MMMagza on Twitter
Subscribe to our Newsletter
Newsletter 10 April 2014: Annuities and divorce
Today we share an article looking at annuities and divorce. We are taking a break […]
- Regulatory Exams: Flavour of the Month June 29, 2010
- Insolvency July 6, 2010
- Actuaries a wanted resource post the global crisis June 20, 2010
- ASISA announces full Board of Directors June 20, 2010
- Blue Ink Wins Best Fund of Hedge Fund Award June 20, 2010
- Growing income stream will drive SA listed property returns April 15, 2014
- The economic cost of Brazil’s spending spree April 15, 2014
- Use your STC credits in time April 15, 2014
- Generic medication key to reduce healthcare costs April 15, 2014
- Newsletter 10 April 2014: Annuities and divorce April 11, 2014
- top seo company: Can you tell us more about this? I'd like to find...
- Sanet: Is there still exam dates and venues to write the ...
- What is Insolvency?: I do not even know the way I ended up here, but I ...
- Vanessa Reinecke: I wrote the exam on 23 May 2011. There were only ...
- Gerard: I have written the exams during Jan 2011.4% pass r...