Africa Fraud Barometer KPMG has released the findings of the second Africa Fraud Barometer. This initiative was launched in 2012 and is an early stage effort to measure fraud on the African continent and expose the risk of fraud to companies in their day-to-day operations. According to the tool, reported cases of fraud decreased from…
DetailsSustainability CFOs are coming to the table A recent study by Deloitte on sustainability shows that corporate Chief Financial Officers (CFOs) are engaging with sustainability1 in increasing numbers. This study surveyed CFOs from companies each generating at least US$1 billion in revenue, drawn from across 14 countries on five continents. It paints a clear picture…
DetailsInconsistent shareholder spread – Disclosures The JSE’s current Listing Requirements contain ambiguities that lead to inconsistent disclosures on public and non-public shareholders. Listed companies need to disclose a shareholder spread in their annual report in terms of section 8.63(d) of the JSE’s Listings Requirements. The shareholder spread deals with the number and percentage shareholding by…
DetailsCharles Hattingh The Reality Behind Price Earnings Ratios (PERs) Financial commentators are often hopelessly misinformed when discussing PERs, particularly in the light of Gordon’s Growth Model. Commentators on local radio and television stations seem to believe that shares of companies are only fairly valued if their PERs are in the vicinity of 10. The sort…
DetailsLearn from change As a year ends and another begins, this issue is all about…change! Most people hide from change, rather than embrace it. Some view it as an obstacle – yet is it not a door opening to unseen opportunities? But managing change in today’s workplace is what keeps people relevant. To be responsible…
DetailsYour company culture – Is it at risk of fraud? Most accountants and auditors know the ‘fraud triangle’: the combination of incentive, opportunity and rationalisation that creates a risk that an employee will attempt to defraud their company. But the fraud triangle alone isn’t enough. In the wake of Enron and other high-profile corporate disasters…
DetailsEvolution of technology Can you believe that it is almost 70 years ago that Thomas Watson (IBM Chairman, 1943) said he thinks that there’s a world market for maybe five computers? And boy – was he wrong. By the end of 2011 there were more than 2,267 billion Internet users worldwide, and these numbers leap…
DetailsIt’s all about accountability For months now Government’s apparent unwillingness to accept responsibility for its actions – or lack thereof – has been questioned and debated. The spotlight is squarely on its apparent inability to deliver on fundamental citizen rights such as passable education and basic services such as water electricity and health. Auditor-General Terence…
DetailsReal transformation is happening If you were a woman reading this magazine 50 years ago, the odds were good that your husband provided the money to buy it. You probably voted for the same political party he did and if you had the misfortune to contract breast cancer, he may have been asked to sign…
DetailsGoing for gold What does it take to be the best? Malcolm Gladwell says that it takes 10 000 hours of practice (combined with being in the right place at the right time). Some say hard work and luck. For an Olympic athlete to win gold requires more than hours of practice and good fortune.…
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