Investec has been recognised by London’s Financial Times Group as the Best Private Bank and Wealth Manager in South Africa, at the 5th Annual Global Private Banking and Private Wealth Management (PWM) Awards, hosted in Geneva. Significantly for South Africa, it was the first time in the event’s history that the country was invited…
South African firms are bracing themselves for the introduction of new accounting standards which will address the issue of how they account for revenue. While a great number of companies are aware of the impending changes, far fewer are enamoured with the idea. The Financial Accounting Standards Board and the International Accounting Standards Board are…
“The nice thing with this Mini is that apart from looking brutally good and having four doors, it also has the punch to back up the looks.” At first sight you realise that this is no ordinary Mini, especially the one I had on test with its dual colour and sporty stripes. The test vehicle…
“The new A Class will have most youngsters’ hearts pumping at the sight of the sport-pack version.” Mercedes have finally launched the new-look A class. The concept vehicle was first released about four years ago and took the world by storm. It has smooth lines and a large grille and two doors, all with a…
“The rear end of the car is where everything is different; the swooping tailgate is perfectly moulded into the car’s shape.” Over the years BMW have been trying to come up with the ultimate car or as many variants as possible. The new 3 GT is definitely a new and surprisingly good one. This all-new…
“There appears to be limited authority on the interpretation of section 40(1); therefore it seems that the correct legal position at present is that found in this case.” Section 40(1) of the Insolvency Act, 1936 (Act 24 of 1936) (the Act) provides that the Master shall immediately convene a first meeting of the creditors of…
Obese annual reports hit the treadmill as the IASB and new reporting standards crack the whip. Annual reports are probably the most expensive publications ever produced that never get read. Each year, listed companies spend months preparing their glossy ‘flagship’ reports in a tedious process often called ‘the annual migraine’. Banks are notorious for their…
Volvo has broken the mould with its new V40 shape. Gone is the boring sedan and station wagon-style vehicle, replaced by the edgy and elegant coupé hatchback. The rear end is where this Volvo differentiates itself from others, with a curved rear glass that fits perfectly between the two elongated rear lights that resemble an…
“The ITC assesses the core technical competence of prospective CA(SA)s at a standard set by SAICA and is not the final requirement for qualifying as a CA(SA).” The newly introduced June ITC sitting doubles the number of successful African repeat candidates. The Initial Test of Competence (ITC), previously known as Part I of the Qualifying…
“For instance, where members have choice of investments and flexi benefits, they often make inappropriate investment choices.” Poor communications and lack of advice can impoverish retirees Even the most sophisticated retirement planning strategy can have its Achilles heel – and this is usually poor communication. Take the following illustration: Professor Shlomo Bernatzi (UCLA), a leading…