What are the common misconceptions about auditing and auditors? Sadly, many people have a rather negative impression of the word audit. Many associate an audit with international corporate collapses since auditors had some role in these. Others think that an audit involves someone who has accounting knowledge and prepares an entity’s year end financial statements.…
Bertus “Starbucks” Fourie is credited with starting the wave of popularity of the new “Coffee, chocolate, mocha, cacao” flavoured Pinotages which have been the popular choice “receiving most votes overall” from those attending Winex, which was held in Cape Town recently. And, interestingly, have been studiously ignored by most of the judges in the annual…
In today’s constantly evolving vehicle market that presents many new vehicles with modern shapes, it is fascinating to see some innovative manufacturers, who look nostalgically to the past for inspiration, in the hope of making the ultimate vehicle. In this area, I believe BMW have done a magnificent job of recreating the lovable Mini. It’s…
The Warm War: a case for business The 20th century saw the world divided by the Cold War. The 21st century may see the world united by, what this author has termed, “The Warm War” – the call to “benevolent arms” to address the global impact of climate change. Theodore Roosevelt IV recently stated: “The…
When you first stand next to the GS 1200 Adventure it looks enormous and intimidating, but once you get moving it shrinks under you and becomes very manouverable. The GS series has a rich history of overland adventures and started the big trail bike class with the R80G/S back in 1980. A few Dakar wins…
Spier – a wine estate in search of a sustainable future At the foot of Africa, in the heart of the Cape Winelands is a business intent on doing things differently. While producing award-winning wine, and offering a luxury experience in its four star hotel and conference centre, Spier estate’s primary focus is to balance…
Earth observation in South Africa and its impact on business On 17 September 2009 South Africa’s first operational earth observation satellite (SumbandilaSat) was launched from the Baikonour spaceport in Kazakhstan on board a Soyuz rocket. This satellite is a microsatellite with a number of ‘payloads’. The primary payload is a multispectral imager (camera) that will…
Taking sustainability seriously in telecommunications – the triple bottom line is vital The need to create organisations that are not simply efficient and profitable but also sustainable, is at the heart of the drive across the globe to improve corporate governance. However, developing sustainable business models goes beyond simply guaranteeing that a company is around…
The Joint Attorneys and Accountants Committee (JAAC) has dealt with a number of new initiatives and developments in the recent past. For the information of members certain of the major ones are summarised hereunder. The guidance document With the adoption of the International Standards on Auditing in 2005, the IRBA identified the need to issue…
Mervyn King speaks frankly about Sustainability Reporting Q: King III calls for an integrated sustainability report – what do you mean by “integrated”? It’s not necessarily about one report. We all know about the triple bottom line (TBL). In King III we initially dropped the words TBL in favour of the triple context, which later…