“The incorrect classification of a company may affect a range of provisions such as audit requirements, audit committee requirements, number of directors required” In terms of the new Companies Act, your private company may be a public company. In order for companies to ensure compliance with all relevant provisions of the Companies Act, it is…
I recently read an article about Jeremy Stoppelman (the founder of Yelp) and how he succeeded by doing things his way. Stoppelman also features prominently on this year’s Fortune list of top 40 young business stars. When Stoppelman was applying to Harvard Business School in 2003, he asked his boss at PayPal, Elon Musk, to…
“Aarto has not yet been implemented but it does address the fact that, until now, there has been no clear accountability for company cars.” Fleet management technology enables companies to sharply reduce logistics costs. In fleet management, the vehicle cannot be separated from either its cargo or its driver. In addition, it’s increasingly a package…
I recently read an article about Jeremy Stoppelman (the founder of Yelp) and how he succeeded by doing things his way. Stoppelman also features prominently on this year’s Fortune list of top 40 young business stars. When Stoppelman was applying to Harvard Business School in 2003, he asked his boss at PayPal, Elon Musk, to…
“Our grandparents would never have considered a career in digital engagement, or imagined that a Chief Energy Officer would have very little to do with a power plant.” Future-proofing your career “By failing to prepare, you are preparing to fail” – Benjamin Franklin. This is also true for your career. Listening recently to Clem Sunter…
The latest revenue standard proposes a single, complete revenue recognition model applicable to all contracts with customers. Deloitte is proud to present an abstract of our 6th Deloitte CFO Survey to you. This year our survey was extended to include chief financial officers (CFOs) operating in five African countries (Botswana, Malawi, Namibia, South Africa and…
“Recently, MTN was defrauded of millions of rands in air time by a Russian hacker, which highlighted the issue of managing IT-related fraud.” Protecting reputation and asset value from the onslaught of cybercrime Forensic audit services such as forensic accounting, investigative and legal services are often swathed in an air of mystery. Even the most…
“Hearing about other people’s stories can help you spot seedlings of the same feelings in yourself and hopefully get you to do something to make a change today.” “Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the…
“The financial year-end comes and goes, so now the financial department knuckles down to its yearly wrap-up while the other departments compile their results.” Use the annual report as a management tool and ease the year-end pain The second of South Africa’s bi-annual reporting ‘silly seasons’ ends in early October. Like me, hundreds of weary…
“Websites need maintaining, not just the content but also the look and feel. Sixty-seven per cent of firms surveyed have had their websites redesigned in the last three years.” A survey of 250 UK accounting firms reveals eye-opening results PracticeWEB in the UK recently published a comprehensive report regarding online trends which reveals some interesting…