Entertainer, educator, accountant – Mark Samowitz is helping people to speak the language of business by demystifying the jargon of accounting. Monique Verduyn spoke to him. Accounting is not difficult – it is logical and easy to understand if taught correctly. That’s the word from Mark Samowitz, a CA(SA) who is making it his life’s…
“Limit your options (even if you get someone else to do it for you).” My husband and I have a little game we play if we decide to open a bottle of wine with our dinner. One of us goes to the wine fridge (our pride and joy) and takes out a ‘shortlist’ of three…
For 2014, as a family, we decided to really give camping a go. Just wanting to do something different. Over the years we have collected gear but decided to stock up and offer camping the opportunity to prove itself. Even got a SUV for more space. Honestly, it’s difficult to explain what camping does for…
It may be time to start investigating the opportunities that IFRS 9 could offer, writes Rodgers Mavhiki Whenever IFRS 9 Financial Instruments is mentioned, impairment is the first word that comes to mind. People generally view IFRS 9 as daunting, but every cloud has a silver lining. In particular the IFRS 9 principles relating to…
Darrel Scott discusses the long heralded, yet much delayed, IFRS 9: the International Accounting Standards Board’s longer-term answer to the lessons learned from the financial crises of 2008 At its February meeting, the International Accounting Standards Board (IASB) tentatively decided that the mandatory effective date of IFRS 9 Financial instruments will be for annual periods…
“A massive percentage of professional sportsmen go insolvent within five years of their professional retirement.” A massive percentage of professional sportsmen go insolvent within five years of their professional retirement. Of course, rock stars and celebrity actors seldom wait for retirement before blowing their fortunes too. The apparent reason is lifestyle – but the real…
Yusuf Dukander highlights key technical, regulatory and industry dashboards impacting financial institutions in South Africa and globally IFRS 9 FINANCIAL INSTRUMENTS PROJECT (REPLACEMENT OF IAS 39) The IASB recently issued a discussion paper for macro hedging, separate to its amendments to hedge accounting which was added to IFRS 9 in November 2013 making three important…
At last, a uniform structure for listed property assets, comments Craig Miller on the official introduction of the South African REIT structure on 1 May this year The real estate investment trust (REIT) is an international standard that permits investors to invest in property assets through a vehicle which largely provides for tax transparent treatment.…
Everyone needs that delightful little escape from tight schedules and deadlines … into days of luxury, relaxation and some Capetonian fun. And yes, it is definitely possible at Hollow on the Square. Positioned in the most convenient of locations, the trendy Hollow on the Square faces the historical Tulbagh Square. It’s situated right within Cape…
LG G3 Smartphone simply better The latest from LG, the G3, breaks new ground with its ultra-high-resolution QHD screen. Featuring a 5,5″ screen with a resolution of 2560 x 1440, the LG G3 has the sharpest, most colour-accurate screen on any smartphone to date. A laser-guided optically stabilised camera promises fast, sharp pictures. The screen…
