Financial crime is of increasing concern to most financial services institutions in SA  

In a recent IOL article; The Financial Intelligence Centre (FIC) confirmed recent warnings by accounting firm PwC that incidents of financial crime and suspicious transactions , including tax-related crime, fraud and money laundering are on the increase in South Africa.

PwC also placed a firm warning to corporate businesses that financial crime  was not only growing locally but that globally "financial institutions are also facing a sever financial crime expertise talent shortage" and that most organisations lacked enough skilled people to detect financial crime.

The South African Reserve Bank recently imposed fines ammounting to over thirty million rand on non-compliant banks for weaknesses in the banks control measures which has triggered the SA banking industry to review their own anti-money laundering controls.

There has been no better time to attend a leading industry forum such as the Anti-Money Laundering, Fraud & Financial Crime Conference to  engage with thought leadership from a number of leading firms in SA who will be discussing best practices in the fight against financial crime and steer your organisation into a fully compliant trajectory.

What the Anti-Money Laundering, Fraud & Financial Crime Conference will cover:  

The Anti-Money Laundering, Fraud & Financial Crime Conference being hosted in Johannesburg on 9 & 10 November will discuss issues about money laundering controls in the financial sector, it’ll examine and cover a broad range of AML topics such as financial surveillance and risks associated with cyber laundering and digital fraud.

The aim of this conference is to bring together experts in the banking field and other financial sectors to share their knowledge and expertise about policies and procedures designed to ensure effective implementation of anti-money laundering (AML) control measures.

Topics to be addressed

Money laundering and the ripple effect of IFRS

Exploring anti-money laundering processes and control measures

Approaches in customer identification & due diligence

AML monitoring & reporting

AML principles for correspondent banking

Transaction surveillance optimization

Sanction screening

This conference is targeted at professionals dealing with the following:  

risk management * fraud analysis * KYC & due diligence *  AML monitoring and reporting * correspondent banking * exchange control * cyber fraud investigation * policy analysis * information technology * trade finance * financial surveillance * compliance * governance * tax evasion & tax avoidance investigation * auditing * IT risk management * digital fraud * transaction banking * channel fraud investigations * forensics * accounting * customer relationship management   

Some recent SA news headlines that you may have missed:  

R30m fine: Sarb nails 5 banks after money-laundering probe

SA sees rise in mobile bank fraud

Financial crimes on the rise

SA banks look to biometrics to reduce fraud

SABRIC campaign to fight online banking fraud

Financial attacks increase by 16%    

In 2016, global eCommerce sales are expected to reach just shy of $2 trillion; Africa represents only about 2% of this. What is driving the eCommerce environment in Africa however, is the continuing rise of mobile connectivity and the rapid development of FinTech products. Just over 80% of African adults do not have access to traditional banking, yet the continent boasts more than 220 million registered mobile money accounts. Tapping into this increasingly connected and tech-savvy market is the focal point for all eCommerce vendors.

From our findings at the 2nd eCommerce Africa Confex in February 2016 it was clear that the next step in our evolution would be to include a FinTech/mobile payments focus. Out of hours of discussion with numerous industry leaders, the eCommerce Africa Confex 2017, powered by Kinetic, will now incorporate Money Africa.

The rise of telecom-driven financial services has left many banks and financial institutions chasing the market. FinTech products are creating a cashless society, facilitating borderless transactions, and encouraging frictionless peer-to-peer financing.

In East Africa alone, over $3 million worth of transactions are expected to take place through FinTech platforms every hour, every day. The future of financial services and payments is geared towards customer service, driving loyalty, creating new revenue streams and services, and banking the informal trading sector.

Money Africa 2017 will examine how your existing business should align itself with this junction of mobile, retail and financial services, marketing capabilities, customer data and peripheral technology.

The eCommerce conference sessions will examine various aspects of development in the industry: how online and mobile retailers are capitalising on growth opportunities; how omni-channel retailers are moving into a digital space; where the consumer is driving their own experience; the realities and challenges of cross-border expansion; and overcoming fulfilment concerns and driving logistics in the real world. 

The Annual eCommerce Africa Confex, powered by Kinetic for a 3rd year, will again take place at the CTICC on 22-23 February 2017. For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it. or visit www.ecommerce-africa.com  

Insedlu is a leading management consultation firm dealing in the fields of new business developments, project management ,local economic development and corporate training to name a few. It has earned considerable critical acclamation for its quality services imparted to the leading management firms. The company's key strengths are innovation and efficiency. The company has a long list of prestigious clients who are extremely satisfied with the management solutions in bringing their ultimate success. The company is involved in serious research programmes. 

The management consulting firm’s key services include business development and accounting, business turnaround, local economic development and research. The development and accounting services include business and cooperative registrations as well as accounting, tax and compliances services. Business development also includes other services namely business planning and fund mobilisation through reputed financial institutions as also facilitate access to incentive schemes. 

   Another key service of the company is the local economic development. To be more specific the company provides PMO or operational support for the implementation of local business development. Among its prime services mention may be made of the research services as well. 

  Through internationally acclaimed practices the company also documents valuable information regarding project management issues like decisions making, reporting and trouble shooting. This valuable information is for internal uses and publications. The company’s services also include the identification and nurturing of the businesses and the stress recovery strategies for those showing signs of distress. To contact us please fill in the contact form describing your service requirements. For future details visit us at http://www.insedlu.com/

About Insedlu Business Companion: 

The company has a noble mission to elevate the management consultant fraternity of South Africa with the help of its innovation, technology, system and people. The company's clients range from SMME's, co-operatives to municipalities at large. The company has been extremely successful in serving its clients with its experience, innovation and creativity. The company aims to impart training and knowledge to its clients to meet the current as well as the future demands and thus restoring its position in the market for a long time.

Contact Us: 17-16th Street

Orange Groove

Johannesburg

Gauteng, 2192

Phone: 011-640-5899 / 6299

Fax: 086-583-5215

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

How does cash type vary from economy to economy? How is the industry dealing with the risks associated with handling physical cash? Do you know how to optimize cash management?

Attend the 2nd Annual Future of Cash Conference 2014 and get answers to the above questions and many more from high level representative companies such as G4S Deposita, Lehaha Institue, ATMiA, ABSA Capital, MobiFlock, SBV, PayU, Jomat, UNISA, University of Witwatersrand, ABSA and Glory Global Solutions who will address delegates at the 2nd Annual conference taking place at Indaba Hotel, Fourways on 12-13 November 2014.

This conference follows hot on the heels of the first Future of Cash that took place last year with over 75 attendees that were addressed by top tier executives in the industry covering key topics surrounding cash positioning, channel management, bank notes and transactional strategies to name a few.

Cash industry experts and thought leaders who will be addressing the conference include:Patrick Cunningham, ATMiA; Prof. Jannie Rossouw, University of Witwatersrand; Fanie Joubert, Unisa; Richard McMurdo, Glory Global Solutions; Jodie Hill, Jomat; Vanessa Clark, MobiFlock; Marius Odendaal, G4S Deposita; Oliver Magabane, Barclays Africa; Ideshini Naidoo, Absa Capital; Andrew Mosae, Lehaha Institute; Peter Williams, SBV; James Readding, Cashnet Logistics; Mustapha Zaouini, PayU.

These speakers will discuss key issues at the 2nd Annual Future of Cash Conference on 12-13 November 2014 taking place at Indaba Hotel, Fourways, Johannesburg.

Email the project manager, Nadine Bezuidenhout at This email address is being protected from spambots. You need JavaScript enabled to view it. to find out more information.

Alternatively call 011 803 1553 and speak to the marketing manager for exhibition, sponsorship or media partnership deals.

Website: www.tci-sa.co.za/2nd-annual-future-of-cash-conference-to-knock-your-socks-off-this-november

Roelf Barnard Professional Accountants (SA)based in Randburg, Gauteng with its highly experienced professionals provides quality accounting solutions to its clients.The company provides financial services to both small and medium enterprises.  

Roelf Barnard Professional Accountants (SA) provides financial, accounting and tax solutions along withbusiness advice to its clients which in turn help to make their clients businesses prosper.  

In terms of financial or business consulting, Roelf Barnard Professional Accountants (SA) renders services like preparation of business plans, budgetsand financial requirements along with monitoring of business plan, analytical review of business which reveals the strengths and weaknesses of any business. The company offers services like internal control evaluations to prevent theft and fraud.The company also provides financial services like cash flow forecast, estate planning, secretarial services in accordance with the companies and corporations acts.  

Roelf Barnard Professional Accountants (SA)offers professional quality advice on self-employment emphasizing on various aspects like both advantages and disadvantages on starting your own business which gives a clear view for those who want to start their individual business. Also the company provides detailed knowledge, rules and regulationprocedures about sole trader, partnership or limited company to its customers who want to set up their individual or partnership business.  

The company offers accounting services which include preparing annual accounts, periodic management accounts and cost effective ways to prepare books of accounts ensuring that all VAT and other accounting requirements are met.  

Roelf Barnard Professional Accountants (SA) offers tax related services like in case of corporation tax, preparation of annual tax returns, tax and VAT advice, tax compliance advice along with other corporation tax related services. In case of personal tax, the company helps individuals in preparing and submission of income tax returns, provisional tax return, tax planning advice etc. The company also renders VAT related services like preparation of VAT returns, assistance with VAT audits, VAT registration, VAT compliance along with other VAT related services.  

In addition to all these, Roelf Barnard Professional Accountants (SA) also offers human resource services like recruitment services, handling human resource department functions and payroll services.  

To know more, visit http://www.business-success.co.za

About Roelf Barnard Professional Accountants (SA):

Roelf Barnard Professional Accountants (SA)  is a complete finance and accounting solutions company providing services in areas like financial consulting, tax, VAT, accounting and also HR related services, based inRandburg, Gauteng in South Africa.  

Contact:

517 Windsor Way, Olivedale,
Northriding Ext. 1 , 2169

Telephone: 011 462 3890
Cell: 082 782 1753
Fax: 0866 951 037
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Business Results Group and GIBS presents The 10th Progress Conference on Balanced Scorecard Essentials, with Dr David Norton, Live and in Person. Dave Norton will present a one day programme in JHB on the 11th September 2014. In 2012, over 500 executives participated in his colleague, Professor Kaplan’s event in South Africa.

Dr Norton has most recently been honoured by Thinkers 50 in their Hall of Fame sharing this acclaim with Tom Peters, Warren Bennis, Howard Gardner, Charles Handy, Philip Kotler, Henry Mintzberg, Kenichi Omae, Ikujiro Nonaka and his colleague Professor Kaplan, for their mammoth contribution to business management and leadership. Harvard Business Review recognised the Balanced Scorecard as one of the most influential management ideas in the past 75 years.

The 2014 programme includes the latest findings and experience in Strategy measurement, leadership, human capital and cross functional priorities and solutions.  

This is what his clients have to say,

“Our BSC helped us to deliver superior performance, consistently and predictably in all facets of our organisation.” Kris Gopalakrishnan, CEO, INFOSYS

“BSC is the strongest tool I have seen in 22 years of my career, to align people in the organisation to the corporate objectives.” Sunil Wahwa, CEO, New Delhi Power

“I am convinced that implementing the Balanced Scorecard has helped us to deliver record-breaking progress over the past 5 years.” Bill Padfield, CEO, Data Dimensions

To acquire access to Dr Dave Norton’s latest thinking, findings and solutions to execute strategy in a new economy, call Angela on 011 463 9898. For further information visit www.theprogressconference.com

[24 April 2014] Actis, the pan-emerging markets investor, has today announced that is has established Credit Services Holdings (CSH), a buy-and-build credit services business. CSH’s first investment will be acquiring 100% of Compuscan, the largest independent credit bureau in Africa. Actis will be investing in CSH alongside the Compuscan management team, who will continue to manage the Compuscan business. Actis plans to invest $100m into the platform. To assist in the build-out of the platform, Michael Jordaan, formerly CEO of South Africa’s First National Bank and a leading figure in the African financial services industry, has been appointed as Chairman of CSH. 

Founded by CEO Remo Lenisa, Compuscan is the fastest growing bureau in South Africa and one of the largest on the continent. Headquartered in Stellenbosch, with offices in Johannesburg and Kampala, it provides multiple credit data, decision analytics services and training, to over 3,500 clients including banks, telcos, retailers, microcredit institutions and insurers, across several countries including South Africa, Namibia, Botswana, Uganda and Ethiopia. The Data Analytics team in Compuscan operates under the Scoresharp brand and is led by Pieter Van Heerden.   

Actis has a proven track record of buy-and-build financial infrastructure investments. In 2010, it established Emerging Markets Payments Holdings (EMPH), which offers payment processing services across Africa and the Middle East. Today EMPH has the broadest footprint of any payments company in Africa, contracting with 130 banks and operates in 40 countries across the region. 

Commenting on the transaction, Jonathan Matthews, Director in Actis’s Johannesburg office, said: “Actis is backing an excellent and entrepreneurial management team led by CEO Remo Lenisa and we are delighted to attract Michael Jordaan to help build the brand and take it to the next stage of growth. Only 5% of adults in Africa are covered by credit bureaus compared with 64% in OECD countries, and many countries are still without the necessary bureau infrastructure. We are excited to be investing in Compuscan and making the first steps towards bridging that gap.”   

Ali Mazanderani Actis’s Africa Financial Services lead added: “There is huge potential in the emerging market credit services industry. We see this as the first in a series of investments in the space and the natural next step after EMPH and Paycorp, in building financial infrastructure in the region.  Credit bureaus have the potential to reduce loan interest rates as well as decrease the number of non-performing loans, while increasing financial access, credit expansion and ultimately economic growth.”  

Commenting on the investment and Actis’s investment thesis, Remo Lenisa, CEO of Compuscan, said: “Actis’s experience combined with its global footprint and sector specialisation, means that it is uniquely positioned to support us and to grow CSH both organically and through acquisitions.” 

The transaction is subject to regulatory approvals. 

About Actis
Actis invests exclusively in the emerging markets with a growing portfolio of investments in Asia, Africa and Latin America; it currently has US$7 billion funds under management. Combining the expertise of over 120 investment professionals on the ground in nine countries, Actis identifies investment opportunities in three areas: private equity, energy and real estate. Over 40% of Actis’s investments are located in Africa with over $1.9 billion invested  across 18 countries on the continent. Actis is proud to actively and positively grow the value of those companies in which it invests and in so doing, contribute to broader society.www.act.is  

About Compuscan
Compuscan is a full service credit bureau. Established in South Africa in 1994, Compuscan has become the leading provider of credit management solutions in emerging markets. The company currently operates in South Africa, Namibia, Botswana, Uganda, Lesotho and Ethiopia. Compuscan provides credit managements services in three parts: as a credit bureau operator, providing credit scoring and data analytics and as an expert credit training academy. Being a reputable and trustworthy provider of customised and innovative applications, Compuscan helps people to make smart business decisions throughout the credit life-cycle to minimise risk and maximise profits, while at the same time educating the consumer to prevent over-indebtedness and reckless borrowing.

With over 120 years combined experience in the operation of credit bureaus, Compuscan’s highly skilled, knowledgeable and passionate group of directors, management team and staff have what it takes to provide world-class credit management services.www.compuscan.co.za

For more information:

Gillian Findlay

Glasshouse

This email address is being protected from spambots. You need JavaScript enabled to view it.
+27 82 330 1477
+27 11 486 3561

Farming and agricultural enterprises derive invaluable benefits from close monitoring of weather patterns and regular forecasts. Weather data is vital to effective planning and correct calculation of agricultural profits.

BVG provides the latest real time weather data for South Africa. The reports cover rain, wind, hail, humidity and air pressure among other factors. Through ongoing research and development, plus a constant improving of systems, BVG ensures that farmers are supplied with the latest weather data. The effect of weather data gathering and dissemination filters through to impact on other services offered by BVG including commodity trading South Africa, hedging South Africa, as well as all the shares traded on the JSE.

There have been notable advances in weather data collection and the general climate science. Weather stations can now constantly churn out weather updates through newsroom reports on a monthly, weekly, daily and even hourly basis. These reports can also be downloaded on the BVG site. Such developments enable us to tailor climate and weather information to the specific needs of the users.

BVG also offers hedging funds management services through its BVG Hedge Funds management company. This fund specialises in trading equity and agricultural derivatives on the JSE and aims to achieve optimal returns by investing in listed derivatives.  Investors are called upon to make use of our SAFFEX online trading tool. Through this tool we give you direct market access to the whole of the South African Futures Exchange (SAFEX) as well as information on other products and shares traded on the JSE.

BVG Commodities (Pty) Ltd Pretoria, South Africa specializes in trading agricultural and financial futures. Our team of professionals will provide assistance with Hedge Fund Management, Energy derivatives and the most up-to-date weather service.  We continually develop new programs and services to ensure that our clients derive maximum benefits from our services.

{pp}The South African consumer continues to seek out short-term personal loans to try and keep their heads above water, but there are signs that interest rate cuts are starting to take effect.