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Press, Journal Article
42
EXPERTISES
PAR
Helene Cilliers
In-house JouRnAlIst, sAIBA
(southeRn AfRIcAn InstItute
foR BusIness AccountAnts)
quality management of the
emergingmarkets and is defini-
tely the economic hub of
Africa: “We must not underes-
timate the high quality and
depth of experience in leader-
ship in corporate SouthAfrica.”
South Africa is rated as one
of the best corporate gover-
nance environments in the
world according to the World
Economic Forum’s (WEF) Glo-
bal Competitiveness Index.
The JSE itself is ranked in the
top three in most indicators of
corporate governance. For the
past six years it has been rated
as the best regulated market of
all exchanges in the world. For
five of these years it was rated
number one on the strength of
its auditing and reporting
standards. It was also rated
number one in terms of raising
capital on the cash equities
market in the world.
“We are really proud of those
accolades and it shows in our
King III advancements, it
shows in our reporting capabi-
lities, and it does come through
to foreign investor sentiment in
terms of foreign respect for lea-
dership in South Africa,” said
Takoordeen.
south African Finance
regulation
The country’s strict financial
regulatory environment plays
a huge role in this internatio-
nal vote of confidence in cor-
porate South Africa.
Several accounting bodies
play their part to ensure ac-
counting and reporting com-
pliance.
he Southern Afri-
can Institute for Business Ac-
countants (SAIBA), the newest
member of the International
Association of Financial Exe-
cutives Institutes (IAFEI), is the
custodian of the official CFO
designation in South Africa.
The designation CFO(SA) is
registered with the South Afri-
can government and provides
a home for all financial direc-
tors, financial controllers and
chief financial officers in Sou-
thern Africa.
Economics and investments
are important for CFOs as they
adapt their company strategy
and operations to changing
conditions. Despite tough eco-
nomic conditions CFOs in
South Africa remain optimis-
tic. Amidst uncertain econo-
mic policies and “heated” poli-
tics, South Africa remains an
attractive investment destina-
tion, according to optimistic
observers and CFO(SA)’s.
The south African “CFO
Talks”
One CFO(SA) is Aarti Ta-
koordeen, CFO of the Johannes-
burg Stock Exchange (JSE). In
the first of a series of CFOTalks,
a national platformoperated by
SAIBA, devoted to sharing ideas
and conversations between
CFOs, she said that large insti-
tutional foreign investors, who
know the global emergingmar-
ket funds well, are very im-
pressed with the high quality of
management in corporate
South Africa. Takoordeen said
South Africa is viewed as the
country with the best corporate
South Africa
The Financial
executive’s dream
A look into financial regulation and promise of a growing investment
destination.
T
The country’s strict
financial regulatory
environment plays a huge
role in this international
vote of confidence in
corporate South Africa
Finance & gestion
MARS 2016
64
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