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Thanks for this interview Ryk, & Vanessa. A query: Having been burnt a bit within the small & medium cap area (eg EOH, TON) and huge caps comparable to Steinhoff, what are a number of the measures that you just assume we as traders can apply and that the monetary providers sector and accounting and audit sectors can implement (some huge adjustments wanted) to guard the general public and traders from cooked books and so on?I believe that the chance to satisfy with and get a way of the character of administration and so on that analysts, portfolio managers, monetary journalists get could be very beneficial, interviews too, but additionally considering of key metrics and monetary analytics to do this reduce by way of a number of the appearances and reveal dangers, a minimum of the place monetary experiences have some legitimacy (eg Ted Black’s ROAM method). Integrity appears a serious problem today. Somebody I do know who was a part of an audit group doing an audit of a largish listed REIT with one of many huge 3 audit corporations shortly after passing his CA board examination discovered main points with the way in which the accounts had been ready and introduced by the businesses finance guys to go along with an upbeat storyline, manipulating figures to cover severe solvency dangers and principally boiling all the way down to a misstatement of their monetary place; he raised the issues with the chief of the audit group; was principally instructed to not rock the boat. He moved on into extra fulfilling and significant finance and enterprise administration work fairly quickly after that.And that REIT is presently suspended from the JSE and has been within the information this yr promoting off its prime property to attempt to salvage one thing of the enterprise..
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