A rugby team is made up of 15 players, with seven or eight more on the bench. Each of these players has a very specific skillset – strength, speed, ball handling, catching or kicking skills – and the players are positioned in the team according to those skills. A great rugby team has both power…
DetailsA new debt reduction regime in the Income Tax Act is aimed at supporting debtors in financial distress and contributing to local economic recovery, but will this debt relief result in deferred tax liabilities on financial statements? By Nico Fourie CA(SA) and Herman Viviers CA(SA) The new and more uniform income tax treatment of a…
DetailsThis September more than three million Muslims will travel to Mecca for the annual five-day pilgrimage (Hajj). This is the biggest yearly gathering of humans on earth. For Muslims to be at the Grand Mosque over this period is the most important moment of their spiritual lives. According to Islamic faith, every Muslim has to…
Details7 easy ways to conserve energy Conserving energy helps the planet and saves money – so why don’t more people make the effort to do it? Simple conservation steps can have a great impact. Set washing machines to either the warm or cold water setting, not hot. Turn down the water heater thermostat. Clean or…
Details‘Success is walking from failure to failure with no loss of enthusiasm.’ This quote from Winston Churchill aptly resonates with the words of Professor Jonathan Jansen (Rector and Vice-Chancellor of the University of the Free State) at an event I attended recently. He spoke about why people fail in certain circumstances, but when put in…
DetailsIn this special report we take a look at challenges and opportunities in the public sector and exploring developments in public finance management in the rest of Africa Africa’s cities poised for exponential growth Funding growth in municipalities A dream deferred Emerging economies and stability in Africa Simpler and improved reporting AFRICA’S CITIES POISED…
DetailsEvery year, thousands of families are left in difficult financial situations as a result of their loved ones not having put in place adequate estate planning in the event of their death. It is estimated that as many as three-quarters of South Africans admit to having no form of estate planning in place. If you…
Details‘Nothing motivates me more than being asked to assist with a serious problem and having the ability to come up with a solution,’ says Accountant-General Michael Sass. Monique Verduyn spoke to him about the challenges he faces and the legacy he wishes to leave behind The Office of the Accountant-General(OAG), perched on the 19rd floor…
DetailsIt seems wealthy investors aren’t all that different from their non-wealthy peers after all. They simply have more money with which to make similar irrational short-term decisions. There is no monopoly on behavioural biases, as we all succumb to human nature at times. A 2011 Barclays Wealth Insight article considered the differences in investment style…
DetailsTax authorities are examining transfer pricing with increased attention. This hard-line approach, explains Fabrizio Lolliri, has resulted in a rise of transfer pricing cases being resolved in court Whilst positive macroeconomic indicators strengthen hopes of recovery, many corporations were still feeling the squeeze on their profit margins at the end of FY 2014. As companies…
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