Hierdie Keer is dit Anders In 2002 het die SA Reserwe Bank die repokoers vier keer verhoog met ‘n kumulatiewe 4% in ‘n kwessie van nege maande. Die prima rentekoers het vanaf 13% na 17% gestyg, met ander woorde met byna ‘n kwart. Maar daar was toentertyd geen resessie nie. BBP groei het hoogstens “wind…
Getting Real Estate on the Boardroom Agenda All businesses need real estate to operate from, be it leased or owned, large or small, specialised or generic. In many businesses real estate represents a large, if not the largest, component of assets and one of the longest term liabilities reflected in the company balance sheet. However,…
A Thought Leadership Issue Nothing much seems to have altered since Heraclitus was alive in sixth century AD and made many comments in respect of change, including the one that is the title of this article. Because, right now, change is the only given that anyone living in South Africa can expect on a daily…
Introduction On 27 June 2008 the Companies Bill was released for public comment. This article is based on that version of the Bill. The world has changed drastically since 1973 when the present Companies Act was passed. No longer can we allow those who abuse their power and rob innocent shareholders of their hard earned…
Executive Getaways Ambassador Hotel Now, I may be biased, but you’d be hard pressed to find a more beautiful city in the world. Cape Town and particularly the Atlantic coastline, boast some of the world’s loveliest skies, seas and surf. A popular destination for locals and international travellers, the area also hosts many sought after…
Performing Rights in Sound Recordings in South Africa up to 1965 By virtue of section 143 of South Africa’s Patents, Designs, Trade Marks and Copyright Act of 1916, the British Copyright Act of 1911 (hereinafter referred to as “the British Act”) was made applicable to the Union of South Africa. In 1932, the organised record…
How to Ignite Your Career One of the best movies ever made is “The Dead Poets Society”, which stars Robin Williams as an inspiring school teacher. I will never forget the scene where he takes his students into the memorabilia hall decorated with the photos of past students. He refers to the photos with phrases…
International Public Sector Accounting Standards (IPSASs) are the public sector accounting standards of choice for many countries of the world. Almost 70 countries have adopted IPSASs or are in the process of adopting IPSASs. Many international organisations, most notably the United Nations, are also in the process of adopting IPSASs. IPSASs and national accounting standard…
While most people in South Africa are focusing on 2010 and the soccer World Cup; 2009 will be the year of the next wave of change in accounting standards. There are no fewer than twenty five standards that are new or that have been amended or revised, which need to be applied from 2009. This…
ACCOUNTING INTERPRETATIONS AGREEMENTS FOR THE CONSTRUCTION OF REAL ESTATE The IFRIC has issued IFRIC 15 – Agreements for the Construction of Real Estate. The Interpretation will standardise accounting practice across jurisdictions for the recognition of revenue among real estate developers for sales of units, such as apartments or houses, ‘off-plan’, i.e. before construction is complete.…