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…
“Few things can help an individual more than to place responsibility on him, and to let him know that you trust him.” Booker T Washington While watching runners race around a track recently, I was struck by the burst of energy with which they sprinted from the start, and then again by the sudden spurt…
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…
“With much fanfare, integrated reporting <IR> was launched as the next big thing for companies. ” With much fanfare, integrated reporting <IR> was launched as the next big thing for companies. <IR> is intended to supplant the glossy and cumbersome annual reports of yore by illuminating exactly what makes companies tick so that investors are…
Why the need for a new standard? The global financial crisis highlighted the lack of transparency around off-balance sheet structures and the request for enhanced disclosures. This well-known event accelerated the IASB’s consolidation project that was already under way. The IASB’s consolidation project was initiated as a result of the perceived inconsistency between IAS 27…
Many growing organisations find themselves confronted by the bewildering reporting complexity of multiple entities, divisions, business units and cost centres in locations locally and across the world. This expansion very often far outstrips the collating and reporting capabilities of the legacy spreadsheet and standalone accounting applications currently in use. In addition, finance departments in most…
Turning the tide on the skills shortage As dire as the skills scarcity in the accounting profession is, there’s hope in the form of mentors who could just provide the lifeline our sector needs to survive The skills shortage in South Africa’s financial sector has reached critical level, with industries like the accounting sector being…
STRUCTURAL REFORMS NEEDED TO ADDRESS UNEMPLOYMENT South Africa’s endemic unemployment can be addressed through structural reforms that include improving the labour market environment and conditions of employment, International Monetary Fund (IMF) MD Christine Lagarde said in April. The IMF held meetings in Washington where representatives of member states were deliberating ways of achieving faster economic…
If only we didn’t have to work and live with human beings. But sadly, people bring their baggage – past and present – to every situation (socially and work). Unavoidably tensions will exist. If you are bumping heads in your social or work environment it means two people are having a fight (you being one).…