31 May 2021
NEWS & OPINION
PROFILE
Nomathibana Matshoba CFA, Managing Director, Terebinth Capital
How did you get involved in financial services – was it something you always wanted to do? I’ve always wanted to be in the financial services sector. My decision was influenced by my late aunt who worked for Old Mutual, and who was very successful when we were growing up. When selecting my preferred programme for university studies, it became apparent how broad the sector was in terms of the available options within the commerce streams at universities across the country. My journey started with actuarial science studies and, later, a master’s degree in Mathematics of Finance at the University of Cape Town, before attaining my CFA designation. Looking back, I am fortunate to have had a focused approach within the fixed income asset class, from lower-risk money markets to higher-risk derivates and listed property investment. What was your first investment – and do you still have it? Purchasing my sectional title property unit one year after university was my first investment decision. I bought just when property prices were starting to go up in Cape Town.
“I am fortunate to have always been frugal with how I spend money”
The investment unit is in a good location, close to schools and convenience amenities, and therefore remains in my portfolio as an investment property. What have been your best – and worst – financial moments? I am fortunate to have always been frugal with how I spend money. I used to think I was stingy, but my husband explained it well when he said it is frugality – “the quality of being economical with money”. The value of money is in what you can do with it. Therefore, based on my perspective, having financial lows and highs is a function of your immediate and future needs. This obviously lies in the assumption that the basic needs such as food, water, shelter, health, safety and security are fully covered. I have been able to pare down my immediate wants to the basic needs when finances are strained and have been fortunate enough to implement this philosophy since starting my work life. What is your view on Bitcoin and other cryptocurrencies? I currently do not have exposure to any of the cryptocurrencies. I think I am in the camp of wanting to understand the endgame for the units – will they be for trading goods and services, or will their value lie in trading the unit itself ? Because, we have seen how currency values can be in the underlying unit itself; for example, the dollar as the global currency.
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VERY BRIEFLY Genera Capital, an independent, multi-family investment office, has announced the appointment of global investment specialist Dr Adrian Saville to its business. Saville will be based at the company’s office Dr Adrian Saville in Johannesburg and, as part of his broader engagement within the business and its investors, will focus on the efficient implementation of its specialist portfolios. Saville says, “The quality and depth of the Genera Capital team, its holistic investor focus, and approach to investment management sets the business apart. Market evidence speaks loudly on this point. I am energised by the opportunity to leverage my skills and work with a team that is intently focused on delivering for the key stakeholder: the investor. Genera Capital’s philosophy of protecting and steadily compounding capital for its investors resonates with me, and I look forward to the exciting prospect of working with the team.”
Cliffe Dekker Hofmeyr (CDH) has established a partnership with Nairobibased boutique corporate law firm Kieti Advocates LLP. The new firm will officially be known as Kieti Law LLP. Through this partnership, and under the CDH banner, both firms will not only expand their service offerings in the region but also benefit from the alchemy of Kieti’s embedded regional expertise and knowledge, with CDH’s range of services and resource capability. “This coming together will allow us both to offer our clients a seamless, efficient and quality service of the kind they have come to know us for in East Africa. And Kieti Law LLP wishes to do the same for its most important clients in Southern Africa,” Chief Executive Officer at CDH, Brent Williams says.
Global asset manager Schroders has announced a further step in its commitment to building a leading position in sustainability and impact investing. It has joined the influential Global Impact Investing Network (GIIN), a leading non-profit organisation dedicated to increasing the scale and effectiveness of impact investing. GIIN focuses on reducing barriers to impact investment to enable more capital to be directed to fund solutions in this space. “We’ve always been a purpose-driven organisation, and our focus on impact investment aims to deliver strong financial returns through our emphasis on the impact of our investments on people and the planet,” says Schroders’ Group Chief Executive, Peter Harrison. “Our clients increasingly recognise the tightening relationship between social impacts and financial returns, and becoming a member of GIIN will support our journey towards being a global leader in this space.”
