O fortunatos nimium, sua si bona norint, agricolas Oh, blessed beyond all bliss, the farmers – did they but know their happiness. This was Virgil, apparently expressing a romantic view of bucolic life. To be fair, the farmers he had in mind were not perceived as blessed because of the nature of their work…
Dit is wel so dat die ekonomie sterk groeiankers het in die landbou, mynbou en die konstruksiebedryf wat baat vind by die besteding op infrastruktuur deur die openbare sektor. Dit ondersteun die ekonomiese groei en is ‘n belangrike stut in moeilike tye soos die huidige. Dit beteken egter nie dat sulke groeisektore onder alle omstandighede…
One of South Africa’s tangible business challenges today is retaining scarce, “sought after” talent, especially in Professional Service Firms (PSFs). This is supported by an article, published in the January issue of the Harvard Business Review (HBR), in which the authors argue that today’s PSFs are so busy making money that they have lost the…
ll companies are statutorily required to grant employees the right to take leave in one form or another. IAS 19 – Employee Benefits requires companies to recognise a liability for “compensated absences” if various requirements are met. The purpose of this article is to examine the accounting requirements for providing for leave pay under IFRSs…
In terms of amendments to the Copyright Act and the Performers’ Protection Act, music users such as broadcasters, restaurants, sport stadiums, malls, gyms, hairdressers, retail outlets etc, may not broadcast, diffuse and/or communicate to the public any CDs, cassettes and other sound recording carriers, without payment of a royalty to the copyright owner of the…
Finance functions face important choices about where to place focus. At a time when businesses want their CFOs to become actively engaged in the strategic direction of the business – participating in strategy development, leading M&A activity and providing leading indicators for predicting business performance – CFOs themselves believe that they are still far too distracted…
The Companies Bill is extremely topical and once you delve into it you realise that you cannot deal with all the interesting stuff but rather focus on one bit at a time. In this article, the author discusses the Bill and the different roles of some of the stakeholders. On 27 June 2008 the Companies…
Tax havens are countries where minimal or no taxes are levied on non-residents. The Economist defined a tax haven as having “a composite tax structure established deliberately to take advantage of, and exploit, a worldwide demand for opportunities to engage in tax avoidance”1. A key feature of a tax haven is a lack of transparency…
APB APPROVAL OF AMENDMENTS AND REMOVAL OF AN ED Accounting Pronouncement Approved At a meeting held on 16 May 2008, the Accounting Practices Board (APB) approved the Amendments to IAS 32(AC 125) – Financial Instruments: Presentation and IAS 1 (AC 101) – Presentation of Financial Statements: Puttable Financial Instruments and Obligations Arising on Liquidation for…
The Zimbabwean economy is characterised by high inflation and diminishing productivity. Most manufacturing companies have significantly curtailed their operations due to various factors, and accountants are ‘at the centre of things’ in trying to cope with the environment in which their companies operate. With annual inflation rate in February 2008 at 164900.3%, decision makers in…