Terry Savage: Stress test your money

Financial Afrik

Factuality

Ownership

By Laurent CAIZERGUES* An entrepreneurial asset is not only judged by its value or its return. It must be able to absorb a drop in dividends, a shock of exchange, the founder's inability or the exit of a shareholder without selling strategic assets in emergency. African family fortunes are often concentrated in the company, real estate and unlisted equity. This structure produces value over the long term, but makes liquidity, currencies and gove…