Welcome to Mafiabuzz
Our website contains the following information:
1. A Newsflash which is a weekly summary of the market statistics and company announcements
2. Details of DIY Portfolio Management workshop dates and fees
3. A secure section which allows our members to gain access to the DIY Portfolio Management database
4. Buzzes which address current portfolio management issues
The DIY Portfolio Management Programme
There are four parts to this program:
1. Database, which contains portfolio management calculators, models and market information
2. Manual, which contains the essential lessons on all aspects of portfolio management
3. Workshop, which explains the programme and provides a forum for discussion
4. Hedgehog, which monitors and reports on the portfolios of past participants of the programme
Mark Clulow presents the workshops in the Johannesburg area and Christiaan Lamprecht in the Western Cape.
The DIY Portfolio Management Programme focuses on four areas:
1. The JSE equities market
2. The shares listed on the JSE
3. The construction and selection of portfolios of JSE equity shares
4. The management of JSE equity portfolios
Background to Charles Hattingh
After serving five years of articles with a small auditing firm and attending Wits in the evenings and on Saturday mornings, Charles Hattingh (CPH) failed the qualifying examination in 1962. He then formed a small study group and rewrote in 1963, achieving honours (first in RSA).
He received his results while working for 20th Century Fox as company secretary in Nairobi, Kenya. On returning to South Africa, he joined the Industrial Development Corporation as an investigating accountant. He was fortunate to work under two incredible people, Mr. John Mitchell and Mr. Derek Keys, spending three years at the IDC performing due diligence investigations for loan and equity investments. He sat on three boards of directors as a representative of IDC.
After his stint with the IDC he joined Anglo American’s merchant bank, Union Acceptances Limited (UAL). His job was to investigate and value companies for listings and takeover purposes. The level of activity at UAL was much lower than that at the IDC so, in his spare time, he formed a group of fourteen candidates who had previously failed the CA qualifying examination. Using his own experience of having failed and then achieving honours, he trained these candidates for five months in the art and practice of writing examinations. 12 of the 14 passed. The two who failed never managed to pass at subsequent attempts. Encouraged by these results, he left UAL to focus full time on preparing candidates for the Q.E.
During this stage of his career he:
In 1999 he ceased his Q.E. activities and in 2011 ceased presenting workshops on IFRS. In 2015 he gave up his valuation activities. He now focuses all of his efforts on researching and presenting workshops on portfolio management.
Background to Christiaan Lamprecht
In 2017 Charles decided to cut back on presenting the Portfolio Management workshop country-wide and rather focus on presenting more workshops in Gauteng. He re-wrote the material in a format suitable for distance learning and asked Christiaan Lamprecht to facilitate the workshop on his behalf in the Western Cape. The first of these facilitated workshops was held in December 2017 in Stellenbosch.
Christiaan qualified as a Chartered Accountant in 1996 after completing his traineeship with PwC. He then worked as a financial manager for the South-African subsidiary of a London based manufacturing company before joining Stellenbosch University as a lecturer in financial accounting in 1999. He passed the final level of the Chartered Institute of Management Accountants (CIMA) exams in 2000 and completed a Masters in Accounting (Computer Auditing) in 2003. Christiaan received a Rector’s award for Distinguished Teaching in 2010 and obtained the degree Doctor of Accounting in financial accounting in 2016. He currently lectures financial accounting to post-graduate chartered accounting students.
Over the years Christiaan attended many of Charles’s IFRS, Valuations and Portfolio Management courses. During the past five years he successfully managed his own and close family members’ equity portfolios and is well versed with Charles’s investment philosophy.
Apart from being a member of SAICA and CIMA he is also a member of the South African Turnaround Management Association. Christiaan also serves as non-executive director on two of the companies in the Innovus group of companies. Innovus is the Stellenbosch University’s industry interaction and innovation company.
Background to Mark Clulow
Mark attended Michaelhouse school in Kwazulu Natal, South Africa and is a qualified Chartered Accountant CA (SA). After school, he joined the South African Airforce and qualified as fighter jet pilot. He flew Harvard’s, Impala Mk1, Impala Mk2, Mirage III and Mirage F1 fighter jets. He was stationed at 1 Squadron, Hoedspruit.
He joined Price Waterhouse in June 1981, where he completed his articles. He attended Charles Hattingh’s QE course and qualified as a Chartered Accountant. In 1989 he started "Finmatrix" a management consulting company. In 1997 he qualified as a Certified Microsoft Professional (MCP) on Excel VBA and Visual Basic. He is an expert in Microsoft Visual Basic programming, Microsoft Excel, Microsoft Access and SQL Server.
In 2005 he attended Charles Hattingh’s workshop on Valuations and DIY Portfolio Management. He has attended these courses nearly every year since and twice a year for the past two years. He was involved with Charles Hattingh when the Hedgehog system was first being designed and developed. He has written all the Excel VBA programs for Charles’s spreadsheet programs. In 2012 he qualified as Certified Financial Planner. For many years he has been managing his own and a number of share portfolios on Charles’s MeB wealth creation strategy.
I would like to acknowledge the following for going the extra mile by contributing to the DIY Portfolio Management Programme: