Wednesday, January 26, 2011

Bavani Naidu's book punts Africa

A former Durban businesswoman has launched a book on investing in Asia and Africa.

The book, titled Intelligent Investing Asia/Africa, was published last month by Bavani Naidu, a tax solicitor and a private equity specialist based in Ireland.

She said the book was aimed at providing necessary information for both novice and experienced investors .

"Knowledge before investing is essential," said the mother of three, who runs a business called Niche Equity.

"The secondary target market would be attorneys dealing with clients who are foreign or locals having foreign assets, accountants and estate agents.

"The book is intended to remove the initial fear factor that an investor would normally experience when investing in a foreign market.

"It gives the reader essential and relevant information on a foreign market of choice. It allows for a comparative study to be done and also allows the investor to consider the appropriate offshore or onshore jurisdiction they may wish to set to purchase their foreign equity."

This is Naidu's third book. Her first, Intelligent Investing - Europe, was launched in 2009. In 2000, she and her family relocated to Dublin. She set up her practice as a capital tax solicitor and has worked at Ireland's largest international law firm as a private client specialist.

Naidu realised there was an opportunity for her to assist others who are not as fortunate in being able to instruct and obtain the services of huge firms to do their due diligence and feasibility studies on foreign acquisitions.

"I also realised that a lot of investors knew very little about the country they were seeking to invest in."

Naidu said in the past Europe was a huge attraction for many investors, adding that as world economies remoulded themselves, Africa and Asia were becoming attractive to investors.

Prior to leaving South Africa, she lectured law part-time at the former ML Sultan Technikon and was also an arbitrator for the Dispute Resolution Council.

"At the time that I left SA, I was working on a project on financially empowering women. I used to lecture to women working in factories during their lunch break on empowering themselves, setting up a will and investment accounts.

"In Ireland, I also give voluntary lectures on life skills and the need for financial education in schools".

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