September 2023

The South African Treasurer

We are delighted to share a deep dive into the current corporate treasury landscape in South Africa.

Article

October 2020 5 Min Read

Finding a Cure for Cash

By adopting an innovative physical cash pooling solution Aspen Pharmacare, in partnership with BNP Paribas, has unleashed a host of improvements – from interest cost savings to simplifying the reconciliations process. Here’s how the teams achieved this joint...

Article

January 2020 3 Min Read

Africa: Navigating the Continent of Opportunity

From political instability to FX illiquidity, investing in Africa is not without its challenges. However, with untapped markets, high growth rates and a young population with an increasing spending capacity, investment opportunities on this vibrant continent are also...

Article

November 2019 2 Min Read

People in Focus: Artemis Galatis

ACTSA’s primary purpose is to facilitate the exchange of information beneficial to the management of corporate treasury operations and the professional development of its members. It also provides both its members and potential members with ongoing networking...

Article

September 2019 6 Min Read

Corporate FX Hedging in Evolving African Markets

Unprecedented economic shifts in global markets have created uncertainty across the board, fuelling currency volatility particularly in emerging market economies. As a result African currencies tend to take the brunt the most, when compared to that of developed...

Article

September 2019 7 Min Read

Futureproofing Treasuries – Is it Possible?

“The world has changed” is a statement that will only surprise you if you have been oblivious to events in the last 100 years. A whistle-stop tour of development milestones shows that despite the proclamations of a...

Article

September 2019 3 Min Read

Are Banks Safer Now than During the Global Financial Crisis?

The outcome of the global financial crisis of 2008 – 2010 led regulators and central banks the world over to re-look at the way banks are regulated and governed. So what exactly has changed in the South African context? Basel III requirements The Basel Committee...

Article

September 2019 11 Min Read

IBOR Transition: Challenges and Impacts for Corporate Treasurers

South Africa’s major corporates seem not to have awakened yet to the fact that in a few years interbank offered rates (such as LIBOR and JIBAR) will transition to alternative reference rates. This transition will be one of the most significant transformations of...

Article

September 2019 7 Min Read

Technology is Key to the Treasury of Tomorrow

In recent years, the role of the corporate treasury has been steadily evolving and transforming. Over the past decade, since the global financial crisis of 2008, the pace of this evolution has increased dramatically, and in the past few years, the strategic importance...

Article

September 2019 7 Min Read

Acquisition Finance: Oiling the Wheels of Business Deals

Mergers and acquisitions offer a handy insight into the health of a business environment. Acquisitions are usually done by large corporates to meet strategic objectives, including growth and diversification. However, M&A activity in South Africa is currently...

Article

September 2019 5 Min Read

Electrifying Cash Management: Africa’s Digital Journey

Sparks are flying across the treasury landscape in Africa as digital cash management and e-payments become the order of the day. Dushen Thathiah, Head, Cash Management for Transactional Products & Services, Standard Bank, explains why API-driven ‘integrated’...

Article

November 2018 6 Min Read

Going Green with Bonds

The Paris Agreement and the Sustainable Development Goals set ambitious targets for transitioning to a low carbon global economy, including keeping the rise in the global temperature to well below two degrees Celsius. The International Finance Corporation (IFC)...