Golden handshakes seem to be becoming increasingly popular at the moment. The Oxford Dictionary defines a golden handshake as ‘a payment given to someone who has been made redundant or retires early’. The term ‘golden handshake’ is not defined in the Income Tax Act. A ‘severance benefit’ is defined in section 1 of the Act.…
In business, there’s a story that lives on about a mistake once made by Sheryl Sandberg, former Vice President of Global Online Sales and Operations at Google – not because of the error itself, but because of co-founder Larry Page’s response. When Sandberg realised she’d made a bad decision that would cost the company millions…
SME State of Play 2015 Special Report Of all SMEs, two-thirds will start at least two businesses, a third will start at least three, and 3% will valiantly launch at least ten. The 2015 SME report provides insight and guidance for SMEs in the realm of government policy, financial reporting and corporate governance, and offers…
Congratulations to all our Top 35-under-35 candidates – you are all winners and leaders. After hundreds of entries, months of anticipation, a gruelling judging process and a difficult task to select only three category winners and one overall winner, we can finally announce who they are and why they were chosen. Hundreds of high-quality entries…
For every buyer there is a seller. Mathematically, this implies that the full universe of asset managers can only achieve the average return of the market. Add in fees, and actively managed investment funds should theoretically consistently underperform passive investments. However, the counter-argument is that there are some really good managers out there who generate…
Lisdoonvarna, a little village in Ireland, has been celebrating the Matchmaking Festival since the mid-18th century. It started with a surgeon discovering the beneficial effects of its water and from there the popularity of the mineral springs would, with the harvest safely in, bring hundreds of bachelor farmers to town in search of a wife.…
Sleek silhouettes in motion BMW 225i Active Tourer Ford Fusion BMW 225i Active Tourer BMW enters a new chapter in its history with its first production front-wheel drive vehicle. Also, this is the first MPV-style vehicle from the marque. In keeping with tradition, the infamous kidney grill has remained intact, and so too has…
The Bank Supervision Department of the South African Reserve Bank, headed up by the Registrar of Banks, is responsible for regulating and supervising all the registered banks and banking groups in South Africa. Neil Maree explains The Bank Supervision Department (BSD) of the South African Reserve Bank (SARB) derives its authority, rights, and powers from…
Global 500 It was a topsy-turvey year. Collectively, the 500 biggest companies in the world ranked by revenue set a new record in 2014 by generating $31,2 trillion in sales, a gain of 0,5% over 2013. But total profit for the global 500 fell nearly 15% to $1,7 trillion. One major reason for the plunge…
That there are ‘horses for courses’ and that no single solution works for all situations cannot be disputed. But an ever-increasing number of ‘horses’ will find they are better suited to a group retirement annuity (RA) solution than to an umbrella fund solution, says Dave Johnson Umbrella funds were originally designed for employers that had…