Blog
Financial and insurance activitiesPublic administration and defence compulsory social securitySouth Africa
Implications of the Financial Intelligence Centre Guidance Note 7 Published on October 2nd 2017
In the fight against money laundering and terrorist funding, the intention of the FIC’s recently released Guidance Note 7 is to support accountable institutions and supervisory bodies in the implementation of the Financial Intelligence Centre Act, 2001 (Act No. 38 of 2001) (the FIC Act).
Financial and insurance activitiesNamibiaNigeria
Namibian Stock Exchange Dwarfs Nigeria’s
We have recently included the market capitalisation of the 19 African stock exchanges under the Exchanges menu and it is interesting that while the Nigerian economy is 37 times larger than Namibia’s the Windhoek exchange has twice the market cap of that of Lagos. The country menu will shortly include African country peer analysis under the ‘Africa Inc’ brand. The Moroccan numbers are interesting coming in third in exchange market cap and fifth on GDP as its economy is largely agricultural based although government industrial policies have attracted Peugeot/Citroen and Renault to invest in manufacturing plants there.
WOWEB Launches Watchlist Facility
The long-awaited Watchlist funtionality is now live on WOWEB. Detailed instructions to create your own Watchlist can be accessed by clicking on ACCOUNT INFO at the top left hand corner of the WOWEB site and scrolling to the bottom of that screen.
Who Owns Whom Moves Into New JHB Offices
We moved from Rosebank to Bryanston last Friday, 2 June and are now settled in our new offices. The address is on the website. Although our email is up and running, the landlines are not yet operational so please contact the PE office on 041 394 0600 if you have any queries. We are in the final stages of testing a new personalised Watchlist facility for clients which will be available on WOWEB towards the end of the month.
Other service activitiesSouth Africa
South Africa’s Emerging Conglomerates
The unbundling of the conglomerates in the 1990s was probably the biggest restructuring of the South African economy since the discovery of diamonds but it passed without much fanfare.
Other service activitiesSouth Africa
Restructuring the Private Sector
The unbundling and reconstitution of SA’s apartheid-era conglomerates since the early 1990s is arguably the biggest restructuring of the South African economy since the discovery of diamonds in the 1880s,...
Other service activitiesSouth Africa
The Year That Was…
2016 presented one of the most difficult trading environments of my career. When I expressed this to the non–executive directors at the final WOW board meeting for the year, there were mutterings of agreement.
Agriculture forestry and fishingOther service activitiesSouth Africa
Scorecard Finds Fishing Firms Are Most Transparent
In many traditional African cultures, talking loudly avoids creating suspicions of secrecy — a gesture that could be well adopted by South African business. Transparency in business was an early...
