The Finance Minister, in his budget speech delivered on 24 February 2021, announced that the corporate income tax rate will be lowered to 27% for companies with years of assessment commencing on or after 1 April 2022. This rate reduction will be done alongside a broadening of the corporate income tax base. Sunset clauses National…
This excellent Chinese proverb has much to teach us about leadership: ‘If your vision is for a year, plant wheat. If your vision is for ten years, plant trees. If your vision is for a lifetime, plant people.’ The best leaders recognise talented people, plant them in the right soil at the right time,…
Speaking is a daily activity and not just a ‘performance’ for your next virtual meeting or live event. You need to instil some actions, behaviours and disciplines to make speaking natural, relatable, and sustainable. Non-negotiable You are the presentation and slides are your tool. Slides should never take over you as the presenter. If…
It is estimated that over 50 000 thoughts rush through the average person’s mind every single day. The thoughts that run through our minds are based on our experiences and determine how we view the world. And how we view the world affects the decisions that we make. I have been wanting to cut…
If you get any group of people together for long enough, some sort of conflict will be inevitable. We are all different and while diversity is important for problem-solving and developing a well-rounded organisation, differences in opinions can also be challenging Disagreements will happen in any workplace, but the way they are handled can…
Missing piece of a puzzle But how can it be neutral? In the first of his new Nicholls & Dimes series, social value expert (and optimist) Jeremy Nicholls responds to the recent Reith lectures delivered by former Bank of England Governor Mark Carney – and asks how eminent economists can explore new notions of ‘value’…
Implementing strategy in a family-owned private company In a series of interviews, I explore the approaches of different business leaders (all of them chartered accountants) to strategy. This month I was in conversation with Garrick Bowker, CEO of the Tavcor Motor Group Tavcor is a family-owned private company employing 300 people with dealerships in Port…
With the poor financial position the South African government finds itself in, with low single-digit growth forecasts and spiralling debt, it could very well be left to accountants to help lead an economic recovery process by producing international standards of financial reporting and analysis to promote strategic decisions and allow for greater transparency The appendix…
Executives of South African listed companies are increasingly incentivised using share-based remuneration. However, the valuation of share-based remuneration is complex and disclosure thereof in annual reports is often inconsistent – providing an opaque picture of what executives realise from such remuneration Globally, executive remuneration has become a topic of interest to shareholders, regulators, and even…
From 2022, the global financial reporting agenda is set to change. How will South African companies be impacted? This change comes as the global standard-setter, the International Accounting Standards Board (IASB), is embarking on its third agenda consultation. Much like the changes which were brought about by the second agenda consultation, the new global financial…