When should companies hedge their exposure to financial and commodity risks? Is it always wrong or always right or somewhere in between? This topic arises every now and again when a goldmine is found to have made losses (and we’ll distinguish shortly between different types of “losses”) as a result of gold price increases when […]
Life insurers in South Africa have been stumbling over each other to issue long-term debt. The reason? Ostensibly to reduce their WACC and generate greater value for shareholders. Common sense tells us that this is a sensible thing to do. Companies all over the world have been using debt capital to reduce their WACC by […]
Not quite rockstar material yet, but my fame is spreading, at least in The Actuary, the magazine of the UK’s actuarial profession. Check out the mention of my involvemet in the launch of the South African version of the Actuarial Modelling course (CA2) in Pretoria during July. Overall, it went pretty smoothly – results are […]
Welcome to my blog. Only just set up the system and getting to know how it all fits together. Check back soon for my first post.