Emerging markets have seen a decade of dramatic underperformance, but their fortunes may change in 2024 once dynamics shift in the US interest rate and currency landscape, and as key…
RisCura conducted a survey of South African hedge fund managers and identified a positive shift in their attitudes toward ESG integration.
Investment strategist Glenn Silverman was recently interviewed by Phakamisa Ndzamela of Today's Trustee as part of a feature discussing the repercussions of the growing delisting trend on the Johannesburg Stock…
https://www.youtube.com/watch?v=FrN5FlyIq7g RisCura partnered with the CFA Society South Africa's Women in Investment Management program to champion inclusivity in finance. As part of this initiative, RisCura hosted a "Day of the…
China's electric vehicle (EV) dominance has surged, propelling manufacturers like BYD and MG to international acclaim. Faisal Rafi, Head of Global Research, underscores China's rapid ascendancy across EV realms, spanning manufacturing, supply chain mastery, government backing, and worldwide market expansion. Within this article, he emphasises that Chinese firms have achieved battery production mastery, particularly in LFP technology, resulting in near-monopoly control. These companies reap benefits from an efficient industrial framework, cost-effective advantages, and a skilled workforce.
Climate change and greenhouse gas emissions are the most pressing environmental issues on the minds of asset managers in India, according to our recent report 'Moving the Needle- Stewardship in…
India, a country marked by its rich cultural heritage and economic growth, faces a multitude of social challenges. Despite the prevalence of these social risks, there is a concerning lack…
Not only do pensions provide a financial and social safety net to the elderly, but they also provide long-term capital.
Not only do pensions provide a financial and social safety net to the elderly, but they also provide long-term capital.
Identifying genuine ESG standards becomes increasingly complex as companies market their practices, says RisCura Investment Strategist Glenn Silverman. ESG investing, which focuses on environmental, social and governance factors, is gaining…
Policymakers in Africa are seeking to improve social stability and create jobs through the use of regulation to increase the country's exposure to the real economy, according to Gerald Gondo,…
Director at global investment firm RisCura, Prasheen Singh, says challenging gender stereotypes and unconscious biases is critical to creating a more diverse and inclusive asset management industry. The progress…
– Faisal Rafi, Head of Global Research at RisCura, and published in the Business Day. Keep calm and carry on: Geopolitical risk is already priced into Chinese equities China’s hugely…
– Heleen Goussard, Head of Unlisted Investments at RisCura An inclusive investment industry is essential to investing for a better world Progress on gender diversity within the global financial services…
To some people, Care is just a word. But at RisCura, Care is ingrained in everything that we do. In a time of great flux, our commitment to caring is…
Chinese regulators have been busy with a crackdown against monopolistic behaviour by large domestic companies as part of the drive for “Common Prosperity”. A consequence of this is a more…
As China enters the Year of the Tiger, we look back on a tough 2021. The long-term uptrend of large consumer companies like Alibaba and Tencent ended abruptly as the…
During his recent maiden budget speech, Finance Minister Enoch Godongwana announced a provisional R17.5 billion injection for the Medium Term Expenditure Framework for infrastructure catalytic projects, aiming to upgrade roads,…
Interpreting the changes that take place in private equity (PE) prices over time isn’t straightforward as many of the drivers are unobservable. But there are some noticeable shifts in the…
Once the COVID-19 pandemic is under control, the resumption of economic activity in Africa could result in a compelling story for investors. According to the IMF, GDP growth in both…
Environmental, Social and Governance (ESG) investing is gaining increasing investor interest and momentum – a 2020 OECD report shows that portfolios with ESG integrated elements exceeded USD17.5 trillion for that…
The issues among those that fall under the ESG ambit are everyone’s concern, and this cannot be ignored, especially if we are to work towards building a better South Africa…
Retail investors, by selecting portfolios, asset classes or asset managers who are focused on sustainability, have the option to ”‘invest for the good”. It has become increasingly clear that how…
Climate change is the defining challenge of our time, and institutional investors can play a pivotal role in driving real world outcomes by influencing the companies they invest through stronger…
The government is expected to release proposed measures for a two pot retirement system in early 2022. The system, which would allow for one or more withdrawals before retirement from…
A new report on stewardship in South Africa has been launched today by investment firm RisCura. “Moving the Needle – Stewardship in South Africa” is the result of research into…
RisCura’s Orient Opportunities China Equity fund has surpassed R13.2bn under management, having just celebrated its third anniversary. This makes it one of the largest, institutional multi-managed China equity funds globally.…
More intentional support is needed to develop a South African investment industry that better represents the demographics of our country. Over the last decade we have seen increased attention on…
Global investment firm, RisCura, has won the 2021 Africa Global Funds Africa Service Providers Awards, in the category Research and Data provider: private equity. The awards seek to recognise the…
With all the bad press around SA, following the July unrest and ongoing concerns surrounding corruption and its effect on the economy, it may be surprising to many that South…
When looking to invest in impact themes, the equity market might seem like a good place to start. Surprisingly, RisCura found that only about 3% of the JSE’s nearly R19…
Global investment firm RisCura is pleased to announce the appointments of Heather Sonn as a non-executive director to the RisCura group and Glenn Silverman as an investment strategist, and a…
Risk-on, risk-off… Risk appetite, risk tolerance, risk capacity, risk required. What on earth do all these terms mean, both to investors and to financial advisors? Or has the jargon become…
With impact investing becoming more crucial than ever, increasingly retirement funds want to add these investments to their portfolios. A good place to start is to evaluate their existing exposure…
Discretionary fund management (DFM) is gaining popularity as this service allows financial advisers to outsource their investment decision making process to a professional third party, on behalf of their clients.…
The focus in the retirement industry centres around there being enough reserves in the pension pot to go the distance, but a crucial consideration is the kind of environment that…
RisCura CIO Jarred Glansbeek shares some insights as part of the Investing in the Future programme. The programme is a partnership between ITN Productions and PensionsEurope featuring key industry interviews…
Africa has long been known for its youthful population, and while the continent will continue to have the largest youth cohort in the world, they’ll live longer than their forebearers.…
Private equity investors in Africa are showing strong interest in internet and direct marketing retail, education and communication services according to new research, Bright Africa 2020 – Private Equity in…
RisCura launches country’s first Impact fund of funds investment series Last month’s national Budget Speech made it clear that government’s ability to spend on developmental programmes that impact the lives…
Very few people saving for retirement in a retirement fund, have clarity on their investment objectives and understand the primary risks to their eventual retirement income, not only the risks…
The days of enticing prospective employees with only a great job description and a salary to match are long gone. Prospective staff want to know about the firm’s purpose, flexibility,…
Over the last two decades, many companies have delisted from the JSE. In its 1988 peak, it had 754 companies listed, which was down to 274 at the end of…
It’s that time again; when we reflect and begin to plan our path for the new year. Safe to say, 2020 has been tough for most, and with the year…
The thinking around investment and economic development in 2008, reached a pivotal turning point when the global financial crisis hit. The COVID19 pandemic has given us a harsh reminder of…
RisCura launches Private Equity section of Bright Africa 2020 Despite erratic fundraising and mixed risk and growth outlooks, deal activity in African private equity is growing. This is according to…
Anthology curated by Lauren Beukes paints provocative financial futures. Top writers present stories dealing with important topics of climate change, universal basic income and health coverage, robo-advice and debt slavery to…
Investment specialists, RisCura, have won the Africa Global Funds Africa Service Providers Awards in the category Advisory Services: Private Equity, for the fifth consecutive year. The awards were created to…
RisCura, a global investment firm predominantly focused on emerging markets, today announced the appointment of Robert Ross as Senior Advisor. Ross will be responsible for promoting our China capability and…
Financial markets have been hard-hit by the COVID-19 pandemic. But pension funds have been in trouble since before the COVID-19 pandemic struck. Traditional stalwarts for stable returns and regular cashflows…
“These are unprecedented times,” currently seems to be a catchphrase. The COVID-19 pandemic has easily outstripped previous crises in its impact on the global economy, and on the livelihoods of…
These days it is hard to have a conversation about China without considering geopolitical risks. We are seeing a decoupling between China and the US on all fronts – COVID-19,…
A Group of 30 report, published late last year, estimates that the world’s top economies will face a pensions shortfall of just over $5 trillion by 2028 and $15.8 trillion…
RisCura has been awarded a Level 1 BEE Contributor certificate in line with the Broad-Based Black Economic Empowerment (B-BBEE) codes of good practice. This is a significant milestone in RisCura’s…
It is a well-established statistical result that a collection of unknowns is less variable than any one of its constituents. As more stocks are added to a portfolio, the total…
Since the outbreak of Covid-19 asset classes have tumbled globally. Modern portfolio theory always dictates that a well-diversified portfolio should have a mix of asset classes that diversify the risk…
It feels as if we woke up one morning and the world was different – but when exactly did it change, and what did we know or should have known…
The impact of the COVID-19 pandemic is pushing employers to reinvent their style of recruitment and investment firm RisCura has accepted this challenge. The firm successfully recruited a second intake of…
Each day now brings further news of the spreading coronavirus and its impact on communities and economies. Lockdowns now affect over one third of humanity and we wonder what may…
South Africa has a relatively high insurance penetration rate when compared to its emerging market counterparts and in relation to the sizes of their economies. This emerged following the release…
China has dominated the front pages over recent years – a slowing economy, trade disputes and now viruses. Chinese stock markets had experienced a stellar 2019 with mainland A-shares up…
Investment firm RisCura’s 2019 Bright Africa research was released today and provides a broad analysis of the investment landscape across Africa. The annual Bright Africa research initiative was started by…
Pension funds today should be investing for a horizon of 80 years or more. While it’s impossible to predict what the world will be like in 2100, it’s safe to…
RisCura is pleased to announce the appointment of Isaac Ramputa as an executive director of RisCura Solutions (Pty) Ltd, the investment advisory subsidiary of RisCura in South Africa. He brings…
Investment specialists, RisCura, have won the Africa Global Funds Africa Service Providers Awards in the category Advisory services: private equity, for the fourth consecutive year. These annual awards are the…
RisCura’s findings in a private equity (PE) market study dispel the misconception that PE is a new asset class in the East African market. The Private Equity Investment Guide and…
With the aim of ensuring fair outcomes for financial customers, South African regulators are advocating for a greater separation of financial advisory and investment management activities. Consequently, financial advisors are…
Multiples sector focus shows how both the consumer discretionary and consumer staples industries fetch the highest multiples across all sectors. The consumer sector has been identified time and time again as one…
Responsible investors are becoming increasingly concerned about the impact of their current decisions on the environment they will retire into. Evidence of rapid climate change is stacking up and any…
In June this year the Institutional Limited Partners Association (ILPA) published the latest edition of its principles under the title “ILPA Principles 3.0: Fostering Transparency, Governance and Alignment of Interests…
Sapna Shah, the Managing director of Global Impact Investing Network (GIIN) started his 2019 report by saying “I wouldn’t surprise you if I opened this letter with a brief statement…
The role of the investment industry is key to changing ESG matters, however the processes involved are complex and have far reaching effects. “Environmental”, “Social” and “Governance” – three words…
Millennials represent 50% of existing pension funds’ membership base, yet they make up a mere 5% of retirement fund trustees. This statistic from the Sanlam Benchmark Survey 2018 is indicative…
While some pundits have argued recently that performance fees have had their day, this is an oversimplification, particularly in the retirement fund industry. In the retail space, investors are essentially…
RisCura, a global investment advisory and financial analytics firm predominantly focused on emerging markets, has welcomed the launch of the Shanghai-London Stock Connect scheme, saying it will further open the…
RisCura, a global investment advisory and financial analytics firm predominantly focused on emerging markets, has emphasised that Chinese government policies and proactive market evolution continue to ensure strong opportunities to…
RisCura’s Chartered Accountant Training Programme offers a unique opportunity. As a new graduate looking for a chartered accountant (CA) training programme, the options out there can seem a little daunting.…
ever before has the need for infrastructure felt so immediate and acute. This became apparent to me as I travelled to Nairobi, Lagos, Lusaka and Gaborone during the first three…
Africa’s steady rise continues to attract a growing number of private equity (PE) investors who believe that African markets offer an exciting growth and investment opportunity. Some of the key…
MSCI included Chinese mainland shares in its indices for the first time in 2018, amid growing interest from global investors and deregulation of the Chinese mainland stock markets to allow…
Much is being written about the purported negative effects of prescribed assets on South African retirement funds. The ANC’s 2019 election manifesto hints at the introduction of prescribed assets that…
Much is being written about the purported negative effects of prescribed assets on South African retirement funds. The ANC’s 2019 election manifesto hints at the introduction of prescribed assets that…
edge funds have been getting a bad rap in recent years due to poor performance coupled with high fees. While both 2016 and 2017 were pedestrian years for hedge funds,…
A somewhat grey and gloomy reality faces most of us as future-retirees in South Africa. High fees, declining returns, and insufficient contribution and saving rates are frequent topics of discussion.…
As of January 2019 private capital investments valuations will need to be implemented according to the latest International Private Equity and Venture Capital Valuation Guidelines released late last year. With…
Whether or not one fully agrees that we only have 12 years to limit a climate change catastrophe, as per the latest report from the UN Intergovernmental Panel on Climate…
We released our 2018 Bright Africa research in August. Here is a visual illustration of the Investment in Africa section of our research. For more information on Bright Africa, click…
We are excited to announce that RisCura is partnering with Africa Investor to launch Africa’s first infrastructure performance index. For years one of the constraints for investment into infrastructure has…
There is a common misperception that the passive asset manager’s process is entirely algorithm based and requires no skill or decision-making. But, the reality is that passive managers still need…
Private equity funds in Africa are increasingly investing in early-stage businesses in the search for earnings growth. This is partially driven by the rising trend in purchase prices of private…
Africa’s pensions challenge Africa’s youthful population and growing middle class are generally considered positive investment themes for the continent, but will African pension systems be able to serve this youthful…
Pre-2012 is characterised by smaller EV/EBITDA multiples, with 34% of transactions in Africa taking place in the 2.5x-5x bracket. Conversely, 74% of post-2012 transactions have taken place at above 5x.…
The Africa Global Funds Africa Service Providers Awards has revealed its winners for 2018 with RisCura placing first in two categories; Advisory services: private equity and Research and data provider:…
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…
Private equity investors are shifting their focus away from South Africa and finding opportunities to capture growth in the rest of the continent. According to the 2018 Bright Africa Report,…
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…
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)…
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…
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…
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…
In 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.…
With 72% of sub-Saharan Africans employed in the informal sector, the traditional pension system is being called into question. The traditional pension system works on the premise that members are…
Landing an opportunity to do your training as a chartered accountant (CA) at a ‘Big Four’ auditing firm used to be the dream for new graduates. But the job market…
On a recent trip to Morocco to attend the 15th Annual Africa Venture Capital Associaiton (AVCA) conference, I had the pleasure of being seated next to and in front of…
n a recent trip to East Africa I was lucky enough to experience some of the returning optimism and the sense of an investment community gearing up to take part…
Investment is needed in the affordable housing sector. Historically, growth in this sector has been hampered by perceptions of high risk and as a result, undervalued investments. If investors take…
South African asset managers are divided on the merits of including Naspers in retirement scheme portfolios; and though for most the answer is ‘yes’, there is division on the level…
Two new analyses recently showed that South African retirees invested in living annuities risk running out of money, with many already living on half the income they enjoyed just six…
RisCura’s Education Series for Institutional Investors Many institutional investors feel uncertain given their large exposure to Naspers. Not only does it create single-share risk, it also exposes them to…
In recent years, major discoveries of gas reserves by several African nations seemed to herald an era of cheap electricity, and the prospect of an additional export product to boost…
Investments into private firms in Africa are funded by a relatively low proportion of debt compared to equity, especially in contrast to developed markets, where debt is more readily available…
Investment specialists, RisCura, has won the Africa Global Funds (AGF) 2017 Service Provider Awards in the Best Advisory Provider: Private Equity category, for the second consecutive year. RisCura provides investment…
Despite its rich energy resources, about 600 million people across sub-Saharan Africa do not have access to electricity, but the rise of micro-grids and advances in technology could be the…
Risk versus reward is the key determinant of investment activity. Cost of equity is representative of the investor’s evaluation of the risk that the enterprise is exposed to. Elevated cost…
Africa’s infrastructure backlog is well-documented, with the World Bank placing it at an annual value of approximately US$93 billion a year. Globally, infrastructure is increasingly being considered as an accepted…
In an industry-changing move, the amended Pension Fund Act regulations come into effect on 1 September 2017 bringing about welcomed reforms. But, implementation could pose challenges for trustee boards that…
As people the world over live longer, healthier lives the debate around the design and funding of pension fund schemes shows no sign of subsiding, writes RisCura’s Investment Research Analyst,…
Median EV/EBITDA multiples of listed equity in Africa have trended downward since the end of 2013. Conversely, median private equity multiples have steadily increased. There is a convergence of private…
Cryptocurrency, or simply put, digital currency that uses cryptography as security, and blockchain, the technology it runs on, provide opportunities to reach Sub Saharan Africa’s largely unbanked population – a…
Despite South Africa’s political and economic issues, local start-ups with innovative ideas are catching the attention of international investors who spot an opportunity to scale these businesses in overseas markets.…
African equities have recently faced strong headwinds, despite the positive fundamental growth prospects presented by the continent, writes RisCura Africa’s Business Development Executive, Gerald Gondo. If one considers the…
Your retirement journey starts now As at July 2017, RisCura compiled information on how much South Africans need to save, when they need to start saving, and how long they…
The current muted growth environment in Africa presents a unique opportunity for private equity (PE) managers to demonstrate their expertise and generate value-add without the momentum of a commodity upswing,…
With hedge funds slowly starting to make their way onto investment platforms, the general South African public can now invest in hedge funds — for the first time ever. Previously,…
At the recent Batseta conference in Sun City, 61% of attendees at a RisCura presentation said, in answer to a spot survey, that Moody’s Investor Service would join Fitch and…
A recent report found that seven of the 10 fastest-growing internet populations are in Africa Mobile technology is rapidly transforming the way business is being conducted in Africa, particularly in…
African leaders frequently pay lip service to the virtues of regional integration, but have yet to implement any meaningful change. One small positive step that a number of countries…
The government continues to pursue legislation that is not friendly towards investors On Friday, 17 March 2017, President Jacob Zuma launched Invest SA, a one-stop shop service for foreign…
If followed faithfully by trustees, the revised OECD Core Principles of Private Pension Regulation, introduced late last year, will go some way to restoring public confidence in private pension funds…
Given the continued global search for yield and growth in an increasingly low-yield world, debt markets in Africa should and will attract increasing attention from institutional investors. Pensions and savings…
The direct alpha method Measuring private equity performance in a standardised and easily understandable way has proven difficult, specifically for those that operate outside of the private equity space. The…
Namibian pension funds appear to prefer investing their members’ contributions in balanced funds, as they believe these offer a better solution. Given the results of a 20-year study from the…
The latest performance record of South African private equity, as reflected in the RisCura-SAVCA South African Private Equity Performance Report for the second quarter of 2016, confirms the capacity of…
As part of the rhetoric to support Brexit, the “curvy banana and crooked cucumber rules” were highlighted as being the result of overeager Brussels bureaucrats trying to control the every…
About the awards RisCura's Heleen Goussard (Associate) and Debbie O'Hanlon (Senior Analyst) attended the 2016 Africa Service Providers Awards gala dinner on Thursday (27 October) presented by Africa Global Funds.…
One of the most notable changes happening within the pension’s industry not just in Zimbabwe but across the world, is the shift from Defined Benefit (DB) schemes to Defined Contributions…
An infographic highlighting 3 private equity opportunities in African manufacturing
What are the most popular channels of investment for Africa? Using specialist managers to access the Africa universe, investors can access: Listed (Africa) equity Private (unlisted) equity Fixed income mandates…
In conjunction with RisCura, a global financial investment services provider, Winemag.co.za is pleased to announce the fourth annual White Hot Wine Awards featuring Bordeaux-style white blends. The Graves sub-region of…
While some African countries that are considered great investment opportunities have seen recent currency devaluation, this could create an opportunity for African manufacturers. Import substitution has been a significant part…
“What improves the circumstances of the greater part can never be regarded as an inconvenience to the whole. No society can surely be flourishing and happy, of which the far…
In conjunction with RisCura, a global financial services provider, Winemag.co.za is pleased to announce the second annual Red Hot Wine Awards featuring Bordeaux-style red blends. The Bordeaux region in the…
While the weather phenomenon appears to have passed, El Niño will continue to impact food security, food prices and humanitarian needs well into 2017, says a new Bright Africa special…
Although there has been a downward trend in activity over the past year, the consumer discretionary sector has continued to attract interest from investors, making up 22% of all transactions in 2015.…
Although there has been a downward trend in activity over the past year, the consumer discretionary sector has continued to attract interest from investors, making up 22% of all transactions in 2015.…
Following the volatility of listed multiples post the financial crisis, the developed, African and BRICS markets’ multiples appear to be moving much more closely in line with one another. Valuations of African…
The latest RisCura-SAVCA South African Private Equity Performance Report, for the fourth quarter of 2015, shows that South African private equity outperformed the South African listed equity market over a…
Despite the recent turmoil in which many African countries find themselves, global investors showed strong interest in investing in Africa’s real economy, as evidenced by the increase in private equity…
Size playing a significant role in the price of Africa private equity deals. Over 30% of reported Africa private equity (PE) transactions in 2014 and 2015 took place at greater…
As the 2017 general election approaches, there has been debate on the impact of the first Kenyan sovereign bond. On July 6th 2014, the Kenyan government received USD 2 billion…
EAVCA in association with RisCura, are pleased to release the inaugural East African Private Equity Deal Dashboard. The purpose of this dashboard is to provide investors and practitioners with an aggregate view…
The first ever dashboard on East African private equity deals has been released, another step forward in the quest for solid investment data on the African continent. Put together by…
With investors searching for yield amid global market volatility and slowing economic growth, the performance of South African private equity continues to highlight the benefits of including this asset class…
Once again, the Finance Minister stated in the mid-term budget that state assets would be sold to ‘not let the budget deficit and borrowings creep up.’ But what are they…
The supply of capital for large cap opportunities in Africa is outstripping the demand for capital. At the same time, small and mid-caps are underfunded across the continent, with the…
Africa is not a single investment destination with a single set of standardised risk factors and homogenous potential for reward. Although some high-level similarities are evident, digging into the specifics…
Recent oil and gas discoveries across East Africa, most notably in Mozambique and Tanzania, have seen the region emerge as a new player in the global oil and gas industry.…
Derivatives are often perceived to be complicated financial contracts left only to the experienced or risk savvy investor. Derivatives are contracts, linked to various securities from which they derive their…
In the past weeks I could not help but notice how unlisted investment managers have become the must-see group of people in the industry, as pension funds hurry to find…
Asset consultant, RisCura is extending its support to the Katutura Old Age Home in Windhoek with the addition of a brand new water heating system. “When we discovered that residents…
Let’s assume that investment manager selection is not your daily bread, but you need to select one. Your first stop might be to turn to readily-available manager surveys. But is…
The recent downturn in commodity prices and the resulting impact on the finances of many African countries has resulted in significant changes in the risk profile of the African energy…
Derivatives are often perceived to be complicated financial contracts, best left only to the experienced or risk savvy investor. But if used appropriately, the derivative market opens up many doors…
The wait is over, the news that hedge funds have long been awaiting for is finally in act. As of April 1st 2015 hedge funds have been declared as Collective…
The World Bank estimates that the cost of bridging the infrastructure gap in Africa requires an annual expenditure of USD 93bn, or less than 5% of the total GDP of…
With pension funds in some parts of Africa growing at a remarkable pace, the continent has become its own biggest investor. This is according to RisCura’s 2015 Bright Africa report,…
African pension fund capital has reached $340bn and is growing rapidly. In addition, increasing adoption of insurance around the continent is causing insurance company investment portfolios to grow, and they…
In conjunction with RisCura, a global financial services provider, Winemag.co.za is pleased to announce the inaugural RisCura Red Hot Wine Awards featuring Bordeaux-style red blends. The Bordeaux region in the…
The dip in transaction activity in 2015 is not surprising, considering the macroeconomic uncertainty experienced in many key markets during the year. The unknown impact of declining oil revenues, currency exchange controls,…
African Merger Acquisitions (M&A) activity across the continent has continued to trend upward both in value and number of transactions. The Maghreb region has seen a decline in activity as…
Estimates are that traffic jams in Nairobi waste around USD600 000 per day through lost productivity, fuel consumption and pollution. The problem is also exacerbated by a deficit in infrastructure…
The new Pension and Provident Fund Act that is currently in draft form is set to re-shape the Zimbabwean retirement industry. Indications are that the Act will be adopted within…
RisCura has been involved in building and implementing investment strategies for various clients globally for over fifteen years. Our clients in Zimbabwe (current and prospective) are no different to those…
I have been involved in building and implementing investment strategies for various clients for over a decade now. Some of these clients are investors with a long-term focus like pension…
African investing: Nigeria or East Africa? Nigeria and Kenya frequently feature as the top investment destinations in Africa, with Nigeria being the clear front runner. Investors, however, are starting to…
African pension funds with growing asset bases, due to rising incomes, will need to look beyond traditional asset classes to diversify their portfolios. Given private equity’s long-term nature – the…
Leading global investors increasingly understand the case for African investments. A sustained growth rate of over 6% a year for the past 10 years is certainly compelling; but how to…
The financial sector has been a favourite of investors into Africa for some time. The long-term nature of the investment, the direct link to the expansion of the wider economy…
The recent UN renewable energy pledge joined by the Rockefellers has drawn much attention, and calls for a divestment from fossil fuels in favour of renewable energy investments. Stephen Heintz,…
The rise of Africa as an investment destination is particularly encouraging considering the unique challenges characterising many fast-growing countries. These include a lack of infrastructure, which the World Bank predicts…
Our clients have come to trust our abilities, integrity and commitment, to not only support, inform and advise, but also to empower them to make better financial decisions. That’s why…
After the debt relief provided to African states during the early 1990s, the balance sheets of many African countries were largely debt free. However, governments were reluctant to take on…
The lure FMCG companies find Africa enticing and with good reason: It has a young and growing population that is moving into urban areas. Further, the GDP growth is outpacing…
Given Africa’s sustained growth rate of over 6% a year for the past 10 years, paired with slowdowns in some other emerging markets, global investors are paying more attention to…
It is becoming increasingly clear that African listed equity may serve as a complement to any general investor’s portfolio. With sufficient analysis to determine where the real risks lie, the…
Spoilt for choice. That’s us. Consider, for example, the barista-in-a-box coffee machines that are all the rage - the ones that use those little coffee capsules. The array of choices…
Why do private equity firms prefer certain markets in Africa over others? When one examines the risk factors for high growth in Africa, it is clear why these markets receive…
The African continent continues to expand and is receiving increasing focus from investment houses worldwide. The myriad untapped resources and economic opportunities provide many areas for potential frontier market investments.…
In 2013, East Africa saw increased activity in the oil and gas sector. Tullow Oil plc rounded off the year with a fifth successive oil discovery in Kenya. This comes…
RisCura, the investment advisors specialising in emerging and frontier markets, along with the African Private Equity and Venture Capital Association (AVCA), and the South African Venture Capital and Private Equity…
Saving as little as 1.3% on trading costs can result in 21% more capital at retirement. The institutional investment value chain finds itself operating in an environment with an ever-increasing…
The investment prospects for Africa as a whole are exciting and offer the potential to provide great long-term returns, according to Josef Odili, Head of Africa Manager Research at RisCura.…
Those who know me know that I am a Grinch when it comes to Christmas. If mince pies and mulled wine were really that nice we would eat and drink…
A replacement ratio is the ratio of the income you receive from your pension once retired, to the salary you were receiving just before retirement. For example, if your pensionable…
RisCura Fundamentals launched the inaugural Bright Africa report in April this year. The annual report provides a unique look at equity investment across the continent, and continues to be the…
The latest RisCura SAVCA South African Private Equity Performance Report, for the second quarter of 2013, confirms that the asset class continues to deliver steady returns that compare favourably with…
The top three reasons for investing in hedge funds are typically diversification, composite portfolio strategy enhancement and decreased volatility. However, these all proved challenging for global hedge funds when the…
RisCura, the investment advisors specialising in emerging and frontier markets, today announced the expansion of their UK team with the appointments of Josef Odili as Head of Africa Research, and…
At the first RisCura White Hot wine awards held yesterday at Landtscap, the top three Sauvignon Blanc-Semillon wine blends in the country were announced. Out of the 41 wines submitted…
Raise your glasses to the top three wines Steenberg Magna Carta 2011 (5*) Price: R495 (due for release March 2014) WO Constantia Abv 13.5%, RS 2.5g/l, TA 7.2g/l, pH 3.1…
RisCura, the investment advisors specialising in Africa and emerging markets, today advised that, in contrast to more developed nations, the returns possible from private equity investment in Africa come from…
Private equity deals in Africa are financed with far less debt than deals concluded in developed markets. This means that returns have to come primarily from actual profit growth as…
It is our pleasure to present the Q1 2013 RisCura SAVCA Private Equity Performance Report (click on the download link above). To receive the latest Private Equity Performance Reports, subscribe…
Looking at past performance when selecting an asset manager It’s often said that the past performance of an asset manager is no guarantee of future performance. While this is true,…
With 20 years’ experience of converting from DB to DC, South Africa points the way ahead for the UK suggests Petri Greeff, RisCura It has been hard to miss. Africa…
RisCura, investment advisors specialising in emerging markets, specifically Africa, today said that the global search for yield and diversified return will continue to see investors viewing Africa with interest this…
From time to time the pension fund industry re-visits the question of whether the best route to achieving the optimal result is to invest in a balanced fund or opt…
The postponement of deadlines several times last year shows that retirement funds are battling to meet the reporting requirements of the revised version of Regulation 28 of the Pension Funds…
Yesterday RisCura Fundamentals launched Bright Africa, a new report that provides a uniquely comprehensive look at the price of investing across the continent. With investors from around the world looking…
CAPE TOWN – A new report, Bright Africa, provides a uniquely comprehensive look at transaction multiples across the continent. With investors from around the world looking for growth in a…
Join the global launch of Bright Africa, in London RisCura's Bright Africa report aims to assist investors looking at African equity as a way to access this growth. It covers…
Arnold Ekpe, CEO of Ecobank recently stated: “We don’t have an African strategy, Africa is our strategy.” Ecobank is one of several African private equity success stories of the past…
The global search for yield will continue to see investors viewing Africa with interest this year, despite corporate governance and other concerns about the continent. To the end of November…
When deciding which fund manager to invest with, the first step is to identify your investment goals and strategy, including your investment horizon, as well as what kind of returns…
A revised version of the International Private Equity and Venture Capital Valuation Guidelines (“IPEV Guidelines”) was issued on 17 December 2012. The revised Guidelines are intended to be applicable across…
Increased interest by international investors, and a shortage of listed companies, is bolstering private equity in Africa. Rory Ord, head of RisCura Fundamentals, which provides independent valuation, risk and performance…
When saving for retirement, members of defined contribution (DC) pension funds should start with a realistic look at how much income they’ll need when they retire, and what sort of…
The largest asset management houses comfortably beat inflation over both one and three years to the end of October 2012. This is according to the RisCView Big 12 Barometer from…
- 28 September 2012 Embargoed until midnight SAST 27 September 2012 - CAPE TOWN, South Africa, 28 September 2012 - How much investment in Africa today proactively integrates environmental, social…
Over our twelve-year business history, the foundation of our business has been to drive the improvement of retirement fund investing standards in South Africa and beyond. Our push for technical excellence has made us develop tools for the South African and African financial services industries that assist in making the industry a more transparent, more appropriate, less risky and safer place to invest for institutional investors. We are proud of our achievements and the resultant positive impact they have had on the broader investment industry.
In the previous article on hedge funds, we mentioned that the South African hedge fund industry is relatively young compared to the global market. The first South African hedge fund…
When it comes to optimising pension fund portfolios, the new Regulation 28 of the Pension Funds Act gives trustees more arrows in their quiver. By allowing pension funds to increase…
Before the redraft of Regulation 28, the amount of capital SA pension funds could allocate to private equity was ill-defined. This was largely because regulators didn’t fully acknowledge the importance…
Learn the regulatory frameworks on integrating ESG into investments Since 2007, PF130 has actually included sections on responsible investing and clearly states: “Funds should include a policy on socially responsible…
“We are living off the Earth’s capital - we need to live off the interest.” Achim Steiner, Executive Director of the United Nations Environment Program The preamble of the new…
If you had the power to improve your situation just by raising a hand, would you nonetheless refuse to exercise this power no matter how bad things are, no matter…
IFC-SinCo reports US$125 billion in Sustainable Investment in Sub-Saharan Africa IFC, a member of the World Bank Group, has released the most comprehensive study to date of Sustainable Investment (SI)…
We are pleased to release the first version of the RisCura South African Private Equity Performance Report.This report tracks the performance of a representative basket of South African private equity…
In December 2010, the National Treasury issued a second take on the revised Regulation 28 of the Pensions Fund Act. Reg 28 sets prudential limits on the allocations that South…
RisCura's Relationship with Legae Securities RisCura reserves the right to co-publish research with any partner of our choice. Our choice of partners is determined by our commitment to enterprise development,…
We generate a yield curve that approximates the risk-free yield curve. Since government bonds are considered virtually default-free, the GOVI benchmark bonds (a selection of the most liquid fixed rate…
