Sukuk – a new avenue for funding African infrastructure

In generic terms, economic theory categorises infrastructure assets, as public goods. This means a good or service that is provided without profit to all members of society. The absence of the profit incentive (by default), has placed the provision of public  goods or...

Credibility of PE impact investing in Africa

Despite being only a decade old as an industry, impact investing globally has shown impressive growth and obtained mainstream acceptance. However, there are some credibility concerns, particularly in Africa, that can be addressed with clear industry guidelines. This...

Market Commentary: September 2018

Here are this month’s highlights: September was a month of contrasts: Even as new trade tariffs took effect in the Sino-US standoff, the US, Canada and Mexico brokered a deal on NAFTA; While South African growth languished, the US economy steamed ahead and the Federal...

Market Commentary: August 2018

Here are this month’s highlights: It was a mixed month for global risk assets – Emerging market equities struggled, with geopolitical tension and dollar strength feeding into perceived vulnerabilities. US growth continued to be particularly strong, while consumers...

Investing into private equity for African institutions

Institutional investment is a key driver of the development of capital markets. But, in many parts of Africa, institutional investment has been slow to develop and development finance institutions (DFIs) have long filled this gap. In recent years, pension reform in...

Bright Africa continues to shine

Africa continues to turn global investors’ heads, despite its challenges.  Attracted by its many fast growing economies and burgeoning consumer and business spending – expected to reach US$6.7 trillion by 2030 – savvy investors are finding opportunities on the...

Market Commentary: July 2018

Here are this month’s highlights: Global equities had a positive month, with developed markets edging out emerging market peers. Corporate earnings’ season started on a positive note, despite concerns regarding the impact of ongoing geopolitical noise and simmering...

The Retirement Journey – Cradle to Grave

Ideally, you should have a stable income to maintain your standard of living throughout your retirement. This is the gold standard for retirement. However, since the South African retirement industry largely abandoned defined benefit (DB) funds in favour of defined...

Why women need to save more for retirement

Women, on average, live five years longer than men. This means their retirement savings need to last them – on average – five years longer. It’s an important message that doesn’t seem to have hit home yet: women need to save more for retirement than men do. And, given...

Changing Africa’s infrastructure funding’s status quo

At a recent conference on funding infrastructure in Africa held in London, the premier destination for conferences about Africa, a fellow speaker lamented the lack of solutions these events yielded. His observation was that the talking points and conclusions at these...