FANews
FANews
RELATED CATEGORIES

ASISA: Integrated Reporting Guidelines make SA an attractive investment partner

25 January 2011 Association of Savings and Investment South Africa (ASISA)
Leon Campher, CEO of the Association of Savings and Investment South Africa (ASISA)

Leon Campher, CEO of the Association of Savings and Investment South Africa (ASISA)

In recent years South Africa has proven itself a worthy contender on the global investment scene and a credible partner to international investors. As the first country to introduce integrated reporting guidelines, South Africa further proves that it is serious about meaningful disclosure aimed at helping investors take the right decisions, says Leon Campher, CEO of the Association of Savings and Investment South Africa (ASISA).

“In 2010 South Africa attracted the biggest share of foreign investments via portfolio flows after Brazil. In addition we have a sophisticated financial market and our stock exchange is rated as one of the best in the world. As a new member of BRICSA and with an upgraded BBB+ Fitch rating, South Africa is now firmly on the horizon of international investors.”

Campher say the country is therefore under greater pressure to align with global best practice. “A feather in our cap is that South Africa is once again setting global best practice trends by coming out with the world’s first set of integrated reporting guidelines.”

Campher says given the volumes of annual reports generated by ASISA’s member companies, ASISA welcomes the integrated reporting guidelines, launched in Johannesburg earlier today.

“While integrated reporting facilitates more holistic and meaningful reporting of financial results, the guidelines will ensure a standard approach to reporting on a company’s environmental, social and governance impact. The quality of information presented to investors and shareholders determines the credibility of the company and its financial results. A standard approach will make it easier to compare different companies and to make a meaningful assessment of a company’s efforts in ensuring sustainable growth.”

Campher says the integrated reporting initiative also ties in closely with other projects ASISA is currently involved in around socially responsible investing and the governance of companies that ASISA members invest in.

“For one, the draft Code for Responsible Investing by Institutional Investors in South Africa is close to being finalised. This Code deals with many of the issues that will ultimately need to feature in an integrated report.”

Quick Polls

QUESTION

How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?

ANSWER

Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now