BKR International was represented by the EMEA region’s Executive Director, Stephen Hamlet(London), who provided an update on BKR developments throughout the region and led an afternoon session on Exploring Joint Global Opportunities, paying particular attention to Africa and how firms should look to work together to proactively pursue targets.
In addition to colleagues from our host firm, Boake, delegates came from the two offices of Logista (BKR member firm in Stellenbosch and Pretoria), from International Proximity (Mauritius) and from Auditec-Foirier Consulting (Cameroon). Stephen Hamlet had also invited the managing partner of a firm in Ghana, with whom he had been in recent communication over potential membership of BKR, and delegates were delighted to meet with him and be treated to a presentation of his practice.
Delegates were then treated to presentations by external speakers on Corporate governance in South Africa, South African legislative risks and impact on business, with particular regards to Labour Relations, before Stephen Hamletcommenced his report and initiated the rest of the day’s discussions.
That evening, a delightful dinner was had at Tribes African Grill & Steakhouse at Emperors Palace.
The following day began with an Economic update, looking at current markets and economies, continuing with corporate client solutions with specific attention to cash funds. Detail was then provided on Broad-based Black Economic Empowerment, which was extremely useful to those involved, and most interesting to those from outside the area.
Alberto Riccardi closed the meeting, thanking all those in attendance. The meeting was deemed to be a great success, being the third consecutive annual sub-regional meeting for South Africa with BKR involvement. Although geographically far removed from the rest of the BKR firms in Europe, it is vital to appreciate the great importance of the African continent and the role it plays in global business. It is testament to this that South Africa has been ranked in the Top position, out of 144 economies, for the past three years (2010-11, 2011-12 and 2012-13) in the World Economic Forum’s Global Competitiveness Report, for outstanding company financial performance, particularly relating to auditing and reporting standards.
Presentations from the sessions can be found in the Members Area at HERE.