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African companies could free up an additional 33.5 billion Dollars of working capital

31 July 2018

• A payment term of 30 days for African companies on the share of imports paid in cash would free up more than USD 33.5bn of additional working capital in 2018 • With imports growing by +8% each year, this figure would reach USD 45bn in 2020 • Gains would be stronger in relative terms in countries with the lowest income level: the poorest African countries would make the most out of it

What SA can learn from the Chinese savings culture

27 July 2018

While the phrase “made in China” may have a notorious legacy, one thing that is made in China that is not to be scoffed at, is their savings culture. In 2017, China accounted for an estimated quarter of the world’s gross national savings with a personal savings rate of 25% and one of the world’s highest national savings rates (46% of GDP). To put this into perspective, studies show that South Africa’s national savings rate is approximately 16.5%, while Afghanistan has the lowest savings rate globally of -11%.

Opportunities exist

25 July 2018

Over the past few months, a lot has been written about the uncertain future that insurers are faced with when it comes to designing new products and distribution models.

Rebel with a cause

12 July 2018

Thirty-eight years ago Ricardo Semler threw away the workplace rulebook and gave his 3,000 Brazilian employees at Semco, a centrifuge manufacturing company, the freedom to determine their own salaries and decide when to go to the office. He achieved a 40% return on capital, every year, for 25 years. Now, as he prepares to visit South Africa to speak at the Allan Gray Investment Summit next week, we find out what makes him tick, what makes him mad, and what South Africa needs to do to get back on track.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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