“Falling numbers of new entrants to the labour market cannot fund Western countries’ growing social security responsibilities.” When German Chancellor Bismarck, with an eye to productivity, first set the retirement age at 65 in the late 1800s, it was in the knowledge that few people lived to that age. As late as 1935, when the…
DetailsThis article is the second of a three-part series looking at the requirements of the final IFRS 9 Financial Instruments. In this part we take a look at the new requirements of classification and measurement of financial assets. In part 3 we will discuss the new impairment model Spring is in the air. Time to…
Details“The least productive people are usually the ones who are most in favour of holding meetings.” Thomas Sowell As a leader, one is often asked what a good team size is and whether small teams are more productive than larger teams or vice versa. The jury is out on this question, but what research has…
DetailsThe Outpost Ashley van der Merwe visited The Outpost Safari Lodge in the Kruger National Park Before we had our first child, it was my great dream to do the whole camping thing with my wife and to give her the chance of appreciating the amazing feeling of being in the great outdoors, especially in…
DetailsSection 45 of the new Companies Act – Liability for loans and other financial assistance to directors – remains a thorny issue, writes Natasha Sexton Two years have passed and implementation of the new Companies Act 71 of 2008 should be in full swing, or is it? One area that has resulted in much confusion…
DetailsKerry Jenkins researched the impact of non-executive directors’ experience on company value in South Africa Corporate governance remains topical and has indeed become a catch-all buzzword for many problems or crises experienced by an organisation. Focus frequently starts with – or shifts from – management to the board with such questions as: Where were the…
Details“The power of accounting is often forgotten by students, educators and even professional accountants.” Like maths and science, accounting is considered boring by many people, especially in comparison to subjects like English, Art and Drama. These ‘creative’ subjects give students tools to comprehend other people’s stories and express their own dreams and wishes. Although tragically…
Details“When information is imperfect, the presence of inferior goods corrodes the market for quality goods.” Following hot on the heels of my rant at car scams last month, I came across a very interesting paper on the “The market for lemons”. Written in 1970 by economist George Akerlof, it discusses the used car market. A…
DetailsJSE company directors, CEOs and CFOs are still predominantly white and male Young CAs(SA) blood a cause for optimism A survey of all 475 JSE-listed companies has revealed that South African company directors, CEOs and CFOs are still predominantly white and male – but indicates hopeful signs of transformation within the younger generation. Specifically, this…
DetailsAs you can well imagine, it was a very tough decision for the judges with so many incredibly successful candidates. After a whole month of anticipating who the winner might be, we are very proud to finally make the grand announcement: Winner: Gavin Lucas, lead founder and CEO of the Stor-Age Self Storage Group. Runner-up…
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