Cecil John Rhodes : Confession of Faith (1877)

Confession of Faith (1877)

“ The idea gleaming and dancing before ones eyes like a will-of-the-wisp at last frames itself into a plan. Why should we not form a secret society with but one object the furtherance of the British Empire and the bringing of the whole uncivilised world under British rule for the recovery of the United States for the making the Anglo-Saxon race but one Empire. What a dream, but yet it is probable, it is possible. I once heard it argued by a fellow in my own college, I am sorry to own it by an Englishman, that it was good thing for us that we have lost the United States. There are some subjects on which there can be no arguments, and to an Englishman this is one of them, but even from an American’s point of view just picture what they have lost, look at their government, are not the frauds that yearly come before the public view a disgrace to any country and especially theirs which is the finest in the world. Would they have occurred had they remained under English rule great as they have become how infinitely greater they would have been with the softening and elevating influences of English rule, think of those countless 1000’s of Englishmen that during the last 100 years would have crossed the Atlantic and settled and populated e  rhodesWould they have not made without any prejudice a finer country of it than the low class Irish and German emigrants? All this we have lost and that country loses owing to whom? Owing to two or three ignorant pig-headed statesmen of the last century, at their door lies the blame. Do you ever feel mad? Do you ever feel murderous? I think I do with those men. I bring facts to prove my assertion. Does an English father when his sons wish to emigrate ever think of suggesting emigration to a country under another flag? Never; it would seem a disgrace to suggest such a thing. I think that we all think that poverty is better under our own flag than wealth under a foreign one.”

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Cecil John Rhodes 

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Poignant this – when juxtaposed with the topical current affairs phenomenon of Brexit and Trump.

 

Caleb Mutsumba

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CSSA: Ten Practical Guidelines to Improving Board Communication

Ten Practical Guidelines to Improving Board Communication

3 May 2016

Dear Colleague

Chartered Secretaries Southern Africa (CSSA) is proud to announce the launch of a new paper titled “Ten Practical Guidelines to Improving Board Communication” by the Corporate Secretaries International Association (CSIA). CSSA is a founding member of CSIA, which has over 70 000 company secretaries and governance professionals worldwide. Ensuring effective board communication has always been a critical aspect of the company secretary’s role. In the face of new and ever-increasing liability for directors and the incorporation of the business judgment rule in many jurisdictions has brought this duty more to the fore than ever.

CSIA’s new paper provides useful and practical advice for company secretaries and governance professionals to balance the imperatives of management and the board to improve the quality of discussions and the decision making process.

The paper was launched in London on 28 April 2016 by CSIA at a webinar co-hosted by Diligent Corporation, sponsors of the paper and chaired by Carina Wessels, Past President of CSIA and CSSA. Joining Carina on the panel was Charlie Horrell, Managing Director, Europe, Middle East and Africa, Diligent Corporation and Meena Heath, Global Ambassador, Global Leaders in Law, who fielded incisive questions submitted by the 200-plus attendees. CSSA continues to play a leading role in the international community of company secretaries and governance professionals.

A press release describing the launch; the full paper on “Ten Practical Guidelines to Improving Board Communication” and the webinar can be accessed on this link www.csiaorg.com

Regards,

Stephen Sadie
(MBA, M. Ed)
Chief Executive Officer

Nssa boss externalizes $340 million

HARARE, Newsday (May 11, pg 3) National Social Security Authority (NSSA) acting general manager Hashmon Matemera appeared at the Harare Magistrates’ Court yesterday charged with externalizing about $340 million during his tenure as BancABC managing director. Matemera (52) was not asked to plead when he appeared before provincial magistrate Vakai Douglas Chikwekwe, who granted him $10 000 bail and remanded the matter to June 15. Allegations against Matemera are that he facilitated the externalization of $332 980 000 belonging to diamond miner Jinan to Botswana, Zambia, Sierra Leone, Mozambique, Dubai and China when he was still head of BancABC three years ago.

Blackmail Fraud 2.0

In my post of March 25 I lamented the distressing development of what I termed Blackmail Fraud. This phenomenon of “non-terminability” or “immunity from termination” is best illustrated by the topical case sited below.

WASHINGTON—

Zimbabwe’s leading platinum-mining firm, Zimplats Holdings, allegedly used an offshore company to pay salaries for senior managers in violation of exchange control laws, according to documents leaked from a Panamanian law firm. Read article..

Assuming that what is reported to have happened here did indeed occur (well, there’s no smoke without fire), then such a practice could ‘ve only been done by and/or at the behest of the C-Level management. Now, assume further that it was the Accountant in charge of the “Executive Salaries” function who would handle the transactions. Would he be touchable or indeed terminable of he, well, helped himself to some payroll funds. Wouldn’t the board have preferred a rather hushed solution to this scam had it come to their attention before these nosy journalists!

 Gudo picuringOur summary advice is:

(a) Tone at the top.
(b) Making certain Internal Controls are operating as they should at all times. This calls for an independent monitoring function.

(c) Periodic Fraud Vulnerability Review (also known as Fraud Risk Assessment) which follow the pretence of “prevention is better than cure”. Here experts assist with the process of risk analysis that proceeds from threat assessment to threat evaluation to the selection of countermeasures designed to contain or prevent that risk.

(d) Effective, conclusive investigations where a fraud is suspected or detected.

About 5wh Audit

5wh is a relationship-oriented professional services company that provides the following solutions to business challenges:
Ø Internal Audits
Ø Forensic Audits
Ø Compliance Audits
Ø Due Diligence Investigations
Ø Business Systems Design, Development and Reviews

We work with business owners and leaders who are set on blowing away those constraints blocking their way to success. We also assist our clients isolate hidden economic assets in their business and determine specific projects to optimize and leverage those assets for greater profit and growth.

We know that the only way to turn your potential for success into actual success is to blow away the constraints that block your path.
________________________________________
© Caleb Mutsumba

 

 

 

Are your Processes Efficient? Find out Today.

Everyone wants to be more efficient, but where to start?

Efficient, scalable processes are the key to growing and maintaining your business but too many people don’t take the time to assess the ones they have in place.

When they outgrow their capabilities, businesses (like national economies) dive into a “hard landing”.

Luckily, Receipt Bank have put together a quick workbook to help you evaluate the key processes at your businesses and find out if they’re really working for you or ensure a “soft landing”.

Take the efficiency diagnositic to:

• Determine the efficiency of your daily processes
• Solve common issues that hold back businesses like yours
• Start building scalable, value-generating processes, ready for growth
• Productively identify and mitigate risks

Download the workbook here.

You are a Leader. You Suspect Fraud. Read This.

The story below illustrates what fraud examiners have always emphasised: When you suspect fraud, the first step is to secure evidence. How do you do that? You don’t have to go it alone. You can’t possibly know everything. Call the experts.

Manunure High School petrol-bombed

 HARARE, Newsday (March 30, pg 4) Manunure High School in Kwekwe had its financial records destroyed by fire following a suspected petrol bomb attack at the bursar’s office on Monday night. School Development Commitment Chairman Dickson Zhou confirmed the incident saying receipt books, computers and desks in the bursar’s office were reduced to ashes in the attack which took place around 8 pm.

crime scene

5wh Audit is a relationship-oriented professional services company that provides the following solutions to business challenges:

Ø  Internal Audits
Ø  Forensic Audits
Ø  Compliance Audits
Ø  Due Diligence Investigations
Ø  Business Systems Design, Development and Reviews

We work with business owners and leaders who are set on blowing away those constraints blocking their way to success. We also assist our clients isolate hidden economic assets in their business and determine specific projects to optimize and leverage those assets for greater profit and growth.

We know that the only way to turn your potential for success into actual success is to blow away the constraints that block your path.

© Caleb Mutsumba