Prof Adrian Saville

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Professor Adrian Saville
Prof Adrian Saville
Profile
Adrian Saville’s qualifications include a Bachelor of Arts (Honours) (cum laude), M.Com (cum laude) and PhD (Economics), which he completed at the University of Natal in 1997 and for which he was awarded the Economics Society of South Africa’s Founders Medal.  He is a UNESCO laureate and a matriculant of Linacre College (Oxford).  He has completed programmes in value investing and competitive strategy at New York’s Columbia University and Harvard Business School in Boston.

In 1994, while completing his doctorate in economics, Adrian formed an investment vehicle which became the forerunner to Cannon Asset Managers which he founded in 1998.  In 2017 Bidvest Financial Services acquired Cannon Asset Managers. Today Adrian serves as Chief Executive at Cannon Asset Managers.

Adrian has experience in managing all the major asset classes and has successfully combined teaching and business, having lectured at the University of the Witwatersrand, the University of KwaZulu-Natal, the University of Pretoria, London School of Business, Kelley School of Business, Rotterdam School of Management and the Estonian Business School.  He has held a Professorship of Economics, Finance & Strategy at the Gordon Institute of Business Science (GIBS) since 2003, where he teaches in the fields of macroeconomics, investment finance and strategy.  Adrian has received the Excellence in Teaching Award at GIBS one ten occasions since 2007.  In 2012 he was nominated for the Economist Intelligence Unit’s Business Professor of the Year Award and in 2014 he received the Central and East European Management Development Association award in teaching excellence.  Adrian’s successful career has encompassed consulting widely to government and the corporate world, including serving as an economic consultant to Visa South Africa. He has presented to global audiences in many destinations, including Botswana, Brazil, Chile, Estonia, France, India, Japan, Germany, Ghana, Kenya, Netherlands, Nigeria, Singapore, United Kington, United States, Zambia and Zimbabwe

Responsibilities

Full-time faculty

Published Research

 

Journal articles



Saville, A., & White, L. (2016). Bringing Pankaj Ghemawat to Africa: Measuring African economic integration. South African Journal of Economic and Management Sciences, 19(1), 82-102.


Saville, A. D., & White, L. (2015). Ensuring that Africa keeps rising: The economic integration imperative. South African Journal of International Affairs, 22(1), 1-21.

Kohler, M., & Saville, A. (2011). Measuring the impact of trade finance on country trade flows: A South African perspective. South African Journal of Economic and Management Sciences,14(4), 466-478.


Saville, A. D. (2009). Using an inflation-augmented price-earnings ratio to guide tactical asset allocation. South African Journal of Economic and Management Sciences, 12(1), 211-227.


Saville, A.(2006). Using Benfords Law to detect data error and fraud: an examination of companies listed on the Johannesburg Stock Exchange. South African Journal of Economic and Management Sciences, 9(3), 341-354.


Saville, A. D., Spindler, Z., & Bader. M. (2005). Alternative monetary systems and the quest for stability: Can a free banking system deliver in South Africa? South African Journal of Economics, 73(4), 674-693.


Saville, A. D. (2004). Improving the usefulness of accounting data in financial analysis. South African Journal of Economic and Management Sciences, 7(3), 504-520.


Saville, A. D., & Lumby, A. B. (2001). Measuring the impact of marine pollution on South Africas fisheries: An investigative framework. World Resource Review, 13(4).


Saville, A. D., & Lumby, A. B. (2001). A comment on the management of South Africa’s commercial fishing industry, 1940-1998. The South African Journal of Economic History, 16(1-2).


Saville, A. D., & Lumby, A. B. (1999). Environmental economics and cost benefit analysis: The choice of an appropriate discount rate. Interdisciplinary Environmental Review, 1(2).


Saville, A. D., &  Lumby, A. B. (1996). The discounting debate: Accounting for the future in the past and the present. South African Journal of Economics, 64(4).


Saville, A. D., & Lumby, A. B. (1995). The impact of multinational corporations on the South African economy: The building, construction and engineering industries. South African Journal of Economics, 63(2).


 

 

Book chapters

 

Lumby, A. B., & Saville, A. D. (2004). Distance learning: The experience of accounting at the University of Natal (Durban), South Africa. In R. Ottewill, L. Borredon, L. Falque, B. Macfarlane, A. Wall (Eds.), Educational Innovation in Economics and Business VIII, Dordrecht, Kluwer, pp. 273-287.


Saville, A. D., & Lumby, A. B. (1994). The impact of multinational corporations on South African industry: A case-atudy of the building, construction and engineering sectors. In W. Le Roux (Ed.), Industrial Policy and Development in South Africa. Johannesburg: Industrial Development Corporation.


Saville, A. D., Dias, R., & Kohler, M. R. A. (2003). Economic principles, issues and policy. Graduate School of Business, University of Natal: Durban.


Saville, A. D., & Gibson, K. L. (2003). Implied efficiency in the South African listed warrants market: A Comparison between Black-Scholes and Roll-Geske-Whaley price estimates. Discussion Paper Series: DP-32, School of Economics and Management, University of Natal (Durban).


Saville, A. D., & Gibson, K. L. (2002). An examination of picing efficiency in the South African listed warrants market: The case of commodity warrants. Discussion Paper Series: DP-23, School of Economics and Management, University of Natal (Durban).


Saville, A. D. (1998). The potential for the use of market-based instruments in the regulation of South Africa’s commercial fisheries. Occasional Paper No. 2, Department of Economics, University of Natal: Durban.


Saville, A. D. (1998). Assessing the economic impact of industrial pollution on South Africa’s marine fisheries. Working Paper: Environmental Economics Network of Eastern and Southern Africa: Nairobi, Kenya.


Saville, A. D., & Hesketh, J. (1997). Driving with the brakes on: Macroeconomic policy for growth, employment and redistribution in South Africa (1996-2000). Economics and Management Extended Curriculum, University of Natal: Durban.


Saville, A. D., & Lumby, A. B. (1996). Dynamic efficiency: A reassessment of the conventional discounting approach to public project appraisal. Occasional Paper, Economic Research Unit, University of Natal: Durban.


Saville, A. D., & Hesketh, J. (1996). Getting into gear: macroeconomic policy for growth, employment and redistribution in South Africa (1996-2000). Economics and Management Extended Curriculum, University of Natal: Durban.


Saville, A. D., Hesketh, J., & Ngubane, J. (1995). The reconstruction and development programme: Resource Book. Economics and Management Extended Curriculum, University of Natal: Durban.


Maasdorp, G. G., & Saville, A. D. (1994). The SADC economies - Waiting for South Africa. Occasional Paper No. 2, South African Institute of International Affairs: Pretoria. Saville, A. D. (1994). The forestry sector in KwaZulu-Natal. Data Research Africa: Durban.


Saville, A. D., Spencer, G., & Hesketh, J. (1994). The reconstruction and development programme: Resource Book. Economics and Management Extended Curriculum, University of Natal: Durban.


Case studies


Goh, J., Saville, A., & Scheepers, C.  (2016). Preserving the delicate balance to manage a thriving business in South Africa: The adventure of OneLogix. Emerald Emerging Markets case series. 

 

 

Editorial contributions

 

Benfield, B. (Forthcoming) Life insurance company management: A universal primer. Primary Life Asset Administration: Johannesburg.


Benfield, B. (2004). Life insurance company management: A universal primer. Primary Life Asset Administration: Johannesburg.


Armitage, P. (2003). Africam: The show must go on. Ripple Effect: Johannesburg.


Emerick, N. (2003). The real digital divide: Convergence and South Africa’s telecommunications and broadcasting policy. Free Market Foundation Monograph, 36:1-52.


Spindler, Z. A. (2004). The deconstruction of privatisation: A wake up call for South Africa. Free Market Foundation Monograph, 37:1-38.


Loots, E. (2004). Globalisation and economic growth: Evidence from emerging market economies and South Africa. Free Market Foundation Monograph, 38:1-32.


Harris, G. (2004). Military expenditure in Sub-Saharan Africa: Why guns cost more than butter. Free Market Foundation Monograph, 39:1-34.


Adrian is responsible for the production of occasional in-house research notes, over the past decade these notes number greater than 50; a full list of these notes is available on request.


 

Media and editorial contributions

 

Adrian contributes regularly to business shows on radio and TV, including Classic Business, MoneyWeb, 702 Talk Radio, CNBC Africa, Business Day Television, e-tv and SABC3 Business. Adrian has also written articles for various financial publications.


 

Other

Saville, A. D., & White, L. (2013). Connecting Africa: Visa Africa Integration Index. Summary paper published by Visa Sub-Saharan Africa: Johannesburg.

Saville, A. D., & White, L. (2013). Realising potential: African economic integration. Foundation paper published by Visa Sub-Saharan Africa: Johannesburg.


Saville, A. D. (2003) Foreword in Economic Freedo
m of the World: 2003 Annual Report. The Free Market Foundation: Sandton, Johannesburg.

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Consulting Involvement

Consulting economist, Visa Southern Africa

Significant Achievements
  • Economics Society of South Africa’s Founders Medal
  • UNESCO laureate
  • Matriculant, Linacre College (Oxford)
  • Excellence in Teaching Award at GIBS: 2007, 2008, 2009, 2010, 2011 & 2012
  • Economist intelligence Unit’s Business Professor of the Year Award (2012/13): Long list
  • Central and East European Management Development Association Award in Teaching Excellence
  • Central and East European Management Development Association Award in Business Case Writing in an Emerging Market Setting
Contact Details
Qualifications
  • BA (Hons) (cum laude)
  • MCom (cum laude) (UKZN)
  • PhD (Economics) (UKZN)
  • Various programmes in value investing and competitive strategy, New York’s Columbia University and Harvard Business School in Boston
Fields of Interest
  • Economics
  • Finance
  • Strategy
Professional Memberships
  • Economic Society of South Africa
  • Economic History Society of Southern Africa
  • American Association of Individual Investors
  • Investment Analysts Society
  • The Shareholders’ Association of South Africa
  • Association of Certified Fraud Examiners​
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