Is it becoming common practice in South Africa to disclose non-GAAP financial measures? This is certainly happening at an increasing level. There is a possibility that non-GAAP financial measures may be used incorrectly by users as these do not reflect the true financial position of a company. If investors rely on non-standardised financial measures without…
There are two types of people in the world – thinkers and doers. Which one are you?” Thinkers are open to new ideas and concepts and are constantly thinking outside the box trying to improve or change the way things are done. On the other hand, to be blunt, they don’t always have balls. Fear…
The seven candidates on the honours roll (candidates who achieved over 70 per cent) PLACE NAME FIRM 1 Avinash Ramsukh* Old Mutual Ltd 2 Eihorere Nkizire Wesigye Investec Bank Ltd 3 Jade Katherine Misplon Investec Bank Ltd 4 Michael Ian Ord Investec Bank Ltd 5 Timothy James Noble Nedbank Ltd 6 Jan Roodt Botha FirstRand…
Nissan has reincarnated the Almera, which was a popular vehicle amongst many consumers, especially the rental car companies. The new Almera, although bigger, does not look oversized from the outside. On the contrary, the inside feels spacious and airy thanks to the large windows, while the boot will swallow whatever you throw at it with…
South Africa’s 2014 budget speech had surprisingly few proposals in respect of cross-border activities. Most South African taxpayers and tax practitioners are quite thankful and will also be hoping that once the 2014 Taxation Laws Amendment Bill is finalised, 2014 will have turned out to be a relatively ‘uneventful’ year. Since South Africa’s move to…
It will be some time before any detailed analysis emerges from the CFO Global Business Outlook survey undertaken by North Carolina’s Duke University in 2013, but what appears to be a contradiction is obvious at first glance. The survey sample included 35 South African CFOs and while optimism about their country’s prospects was low (averaging…
I once heard a line of leadership advice that seemed so counter-intuitive in theory, and yet produced such brilliant results in practice, that I never forgot it. I was told: “Always be smart enough to hire people brighter than yourself.” At first, I was a little taken aback. In the dog-eat-dog world of corporate business,…
It is estimated to cost between R2 million and R4,5 million to raise and educate a middle-class child in South Africa, depending on private school and tertiary education (never mind postgraduate and professional qualifications). In the US, CNN estimated the cost at $241 000 to the age of 18, excluding college. Furthermore, the UK Guardian…
“South Africa has a pressing need for more graduates of good quality, to take forward all forms of social and economic development” – Council for Higher Education (CHE)1. Within South Africa’s developing economy, accounting education at universities faces several challenges, including underprepared students, curriculum overload, and the need to apply a principle-based teaching model in…
There may once have been a time when being a university professor or lecturer was a cushy job – but if there was, that time is long past. These days, academics not only have to teach, research, and mentor students, they increasingly also have to raise and manage their own funding. And they often have…
