I am a hypocrite. In their first-ever lecture in Accounts 1, I ask students to tell me the objective of business, a key question in introducing concepts such as net asset value and profit. The answer I am looking for is, of course: “to make the owners wealthier”. I usually make fun of anyone that…
Details“Awesome!” is the first word that came to my kids when they saw the Black X5 in the driveway. The test vehicle I had , had a sleek cream interior and silver trimmings together with the sports package, which just enhanced it’s brute 4×4 presence. The sports package adds sportier bumper treatment front and rear,…
DetailsIn tandem with the launch of esCAlate, the accountancy profession’s new training model, Audi has escalated its local A3 range to include 1.4 TFSI and 1.9 TDI variants aimed at entry level consumers, among them trainees and newly qualified chartered accountants. After recently becoming a proud new owner of the Audi 1.4 TFSI, I can…
DetailsDie globale bankkrisis, wat gebeure die afgelope twee jaar gedomineer het en die wêreldekonomie laasjaar in ressessie gedompel het, staan einde se kant toe.Net so die globale resessie, met groei wat waarskynlik alreeds vanaf 2H2009 herstel sal wys, aangehelp deur aansienlik afgeskaalde voorraadvermindering en die stabilisasie van verbruiksbesteding. Ons ekonomie sal waarskynlik ook in die…
DetailsREGULATORY REPORTING REQUIREMENTS FOR RETIREMENT FUNDS IN SOUTH AFRICA – “FRAMEWORK” With all the award seasons happening at this moment, it is perhaps appropriate for this article to take on a bit of movie magic. All movies have some sort of a structure, so with this in mind and using one movie metaphor after the…
DetailsHas B-bBEE worked from government’s position? This year marks the second anniversary of the broad-based black economic empowerment (B-bBEE) framework. Over 24 months, the framework has far exceeded the objective of redefining BEE in practical terms. There is general consensus that substantial progress has been made to advance empowerment in the country. However, as government,…
DetailsWhile 2008 saw the rest of the world go into a financial tailspin, it appears that the South African private equity industry remained in a relatively healthy position. Even though both deal value and flow during the past few months were lower than the previous year, the industry still reported over R20 billion of investment…
DetailsRecent developments in the area of Broad-Based Black Economic Empowerment (B-bBEE) suggest that corporate South Africa is currently facing a season of unintended consequences in terms of compliance and adaptability with respect to existing regulations. The ensuing complexities impacting business range across a number of areas covering the global economic landscape to the local obligations…
DetailsTHE CORNERSTONE OF SURVIVING THE FINANCIAL CRISIS A Thought Leadership issue Much has already been written about the causes of the economic crisis the world finds itself in at present. While the root causes have been extensively reviewed, there is a need for companies to start analysing what went wrong and how the lessons learned…
DetailsFROM THE PEN Generation Y breaks from the herd It is widely acknowledged that generation Y is making huge waves professionally. It is the most abundant generation since the baby boomers, who were conceived directly after the second world war. The generation Y constituents are known to be techno savvy, career-minded, confident, motivated, outspoken, innovative…
Details