News Articles and Press & media releases

Below are just a few of the latest 2018 press releases:

Empowering SA’s youth with entrepreneurial skills – Coronation & SAICA collaboration

Last Updated Jan 2018

Johannesburg, Monday 28 August 2017 – At 55.9%, South Africa’s youth unemployment statistics are the highest they have ever been. Stats SA’s Quarterly Labour Force Survey says this means that over three million young South Africans between the ages of 15 and 24 are currently unemployed.

While the greatest opportunity for solving unemployment globally lies in growing the number of entrepreneurs, South Africa possesses below average entrepreneurial activity levels for young people. The reason? Young people are not adequately equipped with the skills they need to start and run their own business. To help change this, Coronation Fund Managers has partnered with the South African Institute of Chartered Accountants (SAICA) to sponsor this year’s annual Business Development Games.

The games, which run between 2 September and 14 October, will see 900 grade 10 and 11 learners from around the country discover just how business works in the real world. The games are now in their 16th year, and are just one of the ways SAICA is creating the business leaders of tomorrow.

Gugu Makhanya, SAICA’s Senior Executive: Transformation & Growth, explains: ‘If young people are to realise their full entrepreneurial potential and contribute to the greater economy, we must be active in moulding the youth’s talent, skills and ideas from a young age. This is why SAICA and Coronation have invited 100 learners from every province to participate in the 2017 SAICA & Coronation Business Development Games.’

She continues: ‘Among the top lessons learners discover when taking part in these games is to think outside the box, and create and promote economic opportunity. By using the world-renowned Commercium board game, we encourage the participating learners to internalise key business lessons. We introduce learners to real-life business situations and show them some of the daily decisions business leaders have to make to run their companies successfully.’

Makhanya explains that SAICA also uses the Development Games to introduce learners to chartered accountancy as a career of choice. ‘This is done through motivational talks, career presentations, and liaising with SAICA’s Thuthuka Bursary Fund students who act as facilitators while the learners play the games.’

Wendy Bergsteedt, head of marketing at Coronation Fund Managers, adds “Our contribution to education is a long-term investment that we take very seriously. Over the years, we have established a number of inspiring educational programmes that have changed the lives of many. This initiative aims to do  exactly that; inspiring young people to not only understand the business world they are about to enter but to consider how they can be job creators and not only job seekers.”


Members of the profession or the media who wish to attend the SAICA & Coronation Business Development Games, and interact with the remarkable learners who play them, may contact Karin Iten on 011 621 6913 (e-mail: or Nwabisa Tsengiwe on 011 621 6878 (e-mail:  to set up a visit.




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Participating schools have been selected by SAICA together with provincial departments of education. Learners are selected by their educators based on academic performance. Among others, they have to achieve a minimum of 60% in mathematics.

About SAICA:
The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The Institute provides a wide range of support services to more than 40 000 members who are chartered accountants [CAs(SA)] and hold positions as CEOs, MDs, board directors, business owners, chief financial officers, auditors and leaders in their spheres of business operation. Most of these members operate in commerce and industry, and play a significant role in the nation’s highly dynamic business sector and economic development.

About the Thuthuka Bursary Fund and Education Upliftment Project:
One of SAICA’s prime goals is to contribute towards strengthening the country’s economy by playing a significant and leading role in transformation and skills development. The Thuthuka Education Upliftment Project, a pioneering initiative to promote transformation in the profession, was launched in the Eastern Cape in 2002 and is fast growing into a national project.

Thuthuka’s objective is to transform the demographics of the profession to reflect those of the country in terms of race and gender, and provide educational support to African learners and students for the benefit of the profession, while simultaneously helping to uplift communities. Therefore, SAICA prides itself in leading the chartered accountancy profession as a socially responsible driver of business and skills development by supporting and encouraging enterprise development initiatives.

About Coronation
Coronation is one of the largest managers of institutional assets in Southern Africa, and has a track record of delivering strong long-term returns for nearly a quarter of a century.
An active investment manager with a long-term valuation-driven investment approach, we manage R579 billion in client assets (as at end-June 2017). Our clients include pension and provident funds, medical schemes, unit trusts, banks, insurers and other fund managers. We also manage assets for a growing number of international retirement funds, endowments and family offices.
Our investment expertise extends across asset classes and geographies, with our longest-running strategies focused on specialist equity and multi-asset portfolios in global emerging and frontier markets. Coronation’s integrated global investment team is headquartered in Cape Town and we have offices in London, Dublin and Windhoek.

SAICA Media Contact
Ms Karin Iten
Project Manager: Marketing and Communications
SAICA Nation Building Division
Tel: ‪011 621 6913

Ms Nwabisa Tsengiwe
Senior Executive: Marketing, Communication and PR
SAICA Nation Building Division
Tel: ‪011 621 6878

Coronation Media Contact
Media enquiries:
Vanessa Baard (ByDesign Communications)
082 331 8158