Jack77

There's a gem of a quote in that article: "If Einstein was born in South Africa, he would probably have studied accounting. I’m not sure that he – or South Africa and the world at large – would have benefited much from such an arrangement."

I agree with your sentiment. As a profession it does attract the brightest in this country and not necessarily for the better. I was merely trying to point out that the trust placed in CA's in South Africa is not entirely misplaced. Some would argue that the rigorous education a CA receives in South Africa is at least on par with that of an MBA though possibly more narrow before the more recent changes.

In my opinion, arguing that the standing of CA's in South Africa devalues other professions is very much the same as the age old argument of business in general drawing the brightest minds away from academic subjects. People motivated by money will often choose the route more likely to result in more money. At this point it very quickly devolves into an argument about the current form of capitalism in this country (and the world) and how it incentivises the wrong things - an argument I'm definitely not qualified to have. Thankfully not everyone is motivated by money and there are still people out there willing to do what they love or are good at.

While I am certainly biased (CA) I can point out that a number of MBA graduates I have dealt with certainly weren't on the same level(In Business terms) as the CA's I have. Of course there are exceptions to any rule but I would argue that seeing as becoming a CA in South Africa is very difficult (7 years all in) it means something to actually have achieved it. Achieving the "same" qualification in many other commonwealth countries takes between 4 to 5 years.

You make a valid point though in terms of our business standing but I would argue that it is not entirely without merit. I attended a road show by UCT's Graduate School of Business once. I asked them their figures in terms of earning potential after graduating with an MBA and quickly realised that it wasn't any higher than that which I could earn as a CA. In many cases it was lower.

Saying that it is no coincidence that South African Business have a lack of flair is subjective to say the least. I would also like to point out that the JSE has out-performed it's international peers in dollar terms over the last few decades. This was certainly affected to some degree by these boring and unimaginative bean counters you so easily deride.

Paywall.

I had a similar problem and the only way I could get myself going was by getting a schedule and sticking to it. I only allow myself a certain amount of time a day to do the things I consider unproductive and thats it. Of course it's good to have balance and allow yourself time to just waste it can be become a problem and in my case it did.

Try starting small. At least an hour today of no wasting time on unproductive activities. Then increase gradually.

Might also be a good idea to add obstacles to these activities such as hiding the icon for your browser in five different folders before you can open it, deleting the facebook app on your smartphone, or even packing away you video game consoles. While a completely different theme, a book called the happiness advantage has a chapter on adding obstacles to nudge yourself in the right direction. http://www.amazon.com/The-Happiness-Advantage-Principles-Per...

I imagine a big part would the higher trading multiples and thus potentially higher valuation.