VIEWPOINT: The unknown

What is the difference between a measurable risk and an unmeasurable uncertainty? It was back in 1921 that economist Frank Knight differentiated between these two. Being a supporter of the notion that humans are inherently unpredictable, he distinguished risk from uncertainty. The former you can measure while the latter, you can’t. Investors and the investment…

ANALYSIS: The employment tax incentive

Unemployment has been and remains one of the biggest challenges that South Africa faces. A youth wage subsidy has been on the cards for a number of years as a means of resolving this problem to some extent. The Employment Tax Incentive Act 26 of 2013 (the Act), which was promulgated on 18 December 2013…

VIEWPOINT: Cloud technology

Many businesses put large amounts of time and money into investing in and managing their hardware and software. This is all fine and well if your business is in IT, but what about if it isn’t? How much money have you invested in technology you don’t understand? How many additional man hours do you expend…

UP-TO-DATE: Keeping you informed of business today

Deductions for donations to schools Donations are an important source of funding for many South African schools, because although parents contribute towards their children’s education, most schools are struggling to operate without additional funding from donors. Added to this, many donors are not aware of the generous tax deduction benefits associated with donations to schools…

PUBLIC SECTOR: Government business enterprises

A number of issues have been raised, both locally and internationally, in the last few years about appropriate reporting frameworks for government business enterprises (GBEs), the entities listed in Schedules 2, 3B and 3D of the Public Finance Management Act 1 of 1999, as amended (PFMA). Locally, many argue that GBEs should apply the same…

VIEWPOINT: Share the load

I recently read an article in the Harvard Business Review that described an experiment on people’s perceptions. A team from Rutgers University asked a group of people to guess the weight of a box of potatoes. When participants were told they would have to lift the box alone, they correctly guessed it weighed an average…