The Achilles heel of retirement fund planning

“For instance, where members have choice of investments and flexi benefits, they often make inappropriate investment choices.” Poor communications and lack of advice can impoverish retirees Even the most sophisticated retirement planning strategy can have its Achilles heel – and this is usually poor communication. Take the following illustration: Professor Shlomo Bernatzi (UCLA), a leading…

Fund your own medical aid and keep the savings

“For the most part, a good hospital plan will serve you fine. That’s your biggest worry generally: “What if I’m in a car accident, have a heart-attack, etc.”” Why comprehensive medical cover may be overkill … While we’re on the topic of reducing ‘unnecessary’ expenditure, I thought I’d tackle the concept of medical cover. Before…

Minimising Fraud Risk through technology

Digital record keeping and data analysis can effectively combat fraud in the workplace The perception of a corrupt business environment in Africa has long been seen as a barrier to those wanting to trade on the continent. But as business opportunities start to boom, especially across sub-Saharan Africa, local businesses, newly entered multinationals and governments…

World Global adoption of IFRS

International Financial Reporting Standards (IFRS) are designed to create a single set of high-quality financial reporting standards. This initiative is intended to provide a central source of information that permits interested parties to chart jurisdictional progress towards the achievement of that goal. The graphic uses lights to show the progress globally. Country Status Version Canada…

Stopping Business crime from happening

“Certain fraud risks are at times identified when performing risk assessments as operational, business continuity or compliance risks.” Prevention is cheaper than cure – get risk and mergers and acquisitions assessed by forensic practitioners The tasks undertaken by a forensics practitioner have evolved tremendously in the past decade, from merely analysing evidence after an illegal…

The key to building great business

“Your business may have simply outgrown its existing software, or as the business grows you may have more employees working across a range of different areas and departments.” ERP enables growing businesses to re-focus, automate processes and reduce costs Enterprise resource planning (ERP) solutions are software products developed to improve and automate the flow of…