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LETTER OF THE CHAIRMAN
Dear Colleagues,
We have arrived at the vigil of the most
important event of the IAFEI year. The
46th annual IAFEI World Congress will be
held in Cape Town, South Africa, from the
9th to the 11th of November.
For the first me, our annual IAFEI
congress takes place in Africa: no simple
symbolic circumstance, but a true mark
of the progress of that connent’s
economy has made on the road to a
market economy with prospects for
growth in GDP, consumer spending and
living standards.
The tle of our Congress “Africa driving
globalchange”underlinestheseconcepts,
and promises a great opportunity for
discussion, for new potenal openings
towards new markets, and for cultural
and professional growth. It will also be an
occasion to get to know the organizaons
of the CFOs operang in other African
countries with the goal of geng them
on board with IAFEI in the future.
I must take this occasion to sincerely
thank SAIBA for the huge organizaonal
effort made for this event, including a
significant financial expense.
I am sure that the Cape Town event will
be a resounding success!
Looking at the contemporary economic
themes, we must menon a moment of
uncertainty being felt globally, caused
by the effect of polical problems on
manufacturing acvies, internaonal
trade and currency valuaons.
Most notably amongst these problems
are the dramac crisis in Syria, increasing
difficules building between Russia
and the western world, the first knock-
on effects of Great Britain leaving the
European Union, and the upcoming
Presidenal elecons in the USA.
In a situaon of turbulence at a global
level, our CFOs must operate within the
boundaries of their companies with
professionality and prudence, taking
careful stock of risk analyses on markets
ever more globalized and interlinked.
Best of luck with your challenges, and
we’ll see each other in Cape Town !
Fausto Cosi
IAFEI Chairman
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