The ability to accurately estimate systematic risk (or beta) when reference-day risk is considered, is an ineluctable requirement for all applications of the capital asset pricing model (CAPM). This research documents evidence of reference-day risk for shares on the Johannesburg All Share Index. In response to the need for greater accuracy when estimating systematic risk, this paper contributes a volume-weighted-average-price…
MESH PILLAY – CEO YW CAPITAL After succeeding at Ivy League institutions in the US and UK, Mesh returned to South Africa to help build our fledgling democracy. Mesh boasts 16 years experience in Investment Banking and Advisory where he led and executed some of the leading Equity Capital Market transactions across the African continent and Europe, including the United…
YWC is a proudly South African and empowered niche Financial Services Provider. Created to serve a gap in the market, YWC was inspired by the characteristics of the South African national tree. While regulated under FSCA requirements, YWC is proud to set itself apart from the larger, traditional banking institutions. YWC is a Level I BEE entity and a financial…
Hidroelectrica de Cahora Bassa (HCB) is the concessionaire for the largest hydroelectric power generation operation in the southern hemisphere. The company has capacity for approximately 2,075MW of power, which it distributes locally in Mozambique, imports to South Africa and to Zimbabwe. HCB is therefore an important player in the SADC region and a valuable contributor to the energy matrix, with…