FROM THE PEN Have You Heard? If you are, as I am, somewhat challenged by the wonders of new science and technological advances, then South Africa’s launch of the low-orbit microsatellite, SumbandilaSat, is sure to intrigue even the most hardened non-scientific being. We are all aware of the impact climate change has had on our…
The primary requirements for a credible valuation are a stable historical earnings stream, a clear outlook for future earnings, low volatility and good proxies to be used as comparisons. Current market conditions both locally and globally have only served to complicate private and public equity valuations, which are tricky exercises at the best of times.…
In her address at the National Prosecuting Authority’s Stakeholder Conference held in March 2007, the then Minister for Justice and Constitutional Development reminded the audience that one of the targets of the department was to reduce crime by between 7% – 10% per annum. Recognising the need for all stakeholders to join forces in order…
SECTION 80A (c) (ii) OF THE INCOME TAX ACT AND THE SCOPE OF PART II A: THE BIG BOOM PART 1 1. Introduction According to the economist Adam Smith in his book, The wealth of nations – 1776, one of the basic principles of any tax system should be that individuals can determine the amount…
Laasjaar was daar ongeveer elke kwartaal groot skokke soos elektrisiteit, kommoditeitsinflasie, rentekoerse en uiteindelik die grootste bielie van almal, die wereldkrisis, hul opwagting gemaak het. Hierdie jaar is dit ons makrobeleid wat toenemend verras. Die begrotingssurplus van 1% van BBP in 2007 het laasjaar stadig in ’n begrotingstekort ontaard, maar het toe veral hierdie jaar…
Step 1 | Strategise It all begins with a clear strategy that is understood by the relevant stakeholders. Once the buy-in or commitment is obtained, it creates a burning platform for change. Key to the strategy is to focus on the following: • Web presence – once your organisation is on the web, it has…
The Lexus brand has become synonymous with luxury internationally and this vehicle is no exception. From the swooping coupe-like lines to the soft – touch leather interior, this vehicle oozes elegance. This particular version of the GS is a hybrid. The Hybrid technology effectively uses an electric, as well as, a petrol engine. There is…
As a New Gen CA(SA), developing your Professional Skills is as important as developing your technical skills. In business you work with people – not only numbers. To work with people you need the right Professional Skills. The underlying purpose of our four New Gen Supplements for 2009 is to help you develop your professional…
BI – Is It Art? In the previous article (ASA April 2009 – What is BI?) the core definition of BI was discussed. It describes what is BI and how it can help business to improve decision making. A short description has also been given on how the BI project at SAICA has been implemented,…
One of South Africa’s most daunting educational challenges is to ensure that the average student entering university has a foundation sufficiently strong to handle the demands of university life. With a view to contributing meaningfully to meeting that challenge, SAICA has accredited 13 universities to deliver the chartered accountancy [CA(SA)] programme comprising BCom and the…