eXtensible Business Reporting Language (“XBRL”) is changing the way in which the business world communicates financial information. By updating the way business and financial data is transferred and reported globally, XBRL is revolutionary in this process. XBRL is being developed by an international non-profit consortium of approximately 500 major companies, organisations and government agencies around…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT SOUTHERN REGION LAUNCHES WECARE PROJECT The weCAre project was launched by the South African Institute of chartered accountants (SAICA) in 2007 and is spearheaded by female chartered accountants. The mission of this project is making a significant difference in the lives of South African children. Noah’s Ark in Yeoville, Johannesburg, is…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT STELLENBOSCH THUTHUKA STUDENTS GIVE BACK During 2007, Stellenbosch University welcomed its first intake of 20 Thuthuka students, better known as the “Thuthuka-20”. In 2008, a further 29 students were added. The Stellenbosch Thuthuka programme focuses on Afrikaans speaking students from the coloured community. The students are all enrolled for the three-year…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT ENTERPRISING ENTREPRENEUR SELLS BIKE TOURS OF SOWETO Want to learn more about Soweto? Lebo Soweto Backpackers is the name to remember. Lebo Malepa, the proprietor, has spent 32 years in Orlando, Soweto. Because he knows it like the back (and front) of his hand, he is well qualified to show visitors…
ENTERPRISE & SOCIO-ECONOMIC DEVELOPMENT NEDBANK INVESTS IN THE HOPE FACTORY Nedbank and the South African Institute of Chartered Accountants (SAICA) have joined forces in support of The Hope Factory; SAICA’s enterprise development initiative. Nedbank is committed to the support and development of existing and emerging entrepreneurs. Nedbank Business Banking’s enterprise development proposition provides a flexible…
STRATEGIC ALIGNMENT NICE TO HAVE OR A BUSINESS IMPERATIVE? Historically, business has only focused on its property infrastructure in times of dire need or juicy transactions. But times are changing and the need for operational agility is driving the need to find a new, more strategic property executive to place the organisation in a position…
DIE EKONOMIE WIK EN WEEG OOK Ons het by ’n punt gekom, waar inflasie waarskynlik sy hoogtepunt bereik het, en rentekoerse kan begin daal. Volgende jaar behoort nuwe woema aan die ekonomie te gee, veral huishoudings met skuld wie se verbruik opnuut mag versnel, alhoewel besighede se investeringsbesluite deur infrastruktuurbeperkinge gekniehalter mag word. Dit is…
WHY BE ETHICAL? Sometimes, I am tempted to lie to my students. Well, not “lie”, exactly. More like “not disclose material facts”. I see the irony in deceiving a class of ethics students, but, hell, if some of them can plagiarise their essays, can’t I leave out some inconvenient truths in order to get the…
BUILDING A MORAL INTELLIGENT CULTURE The one value that surfaces doing strategic consulting and coaching sessions for business and leaders, on both a collective and personal level, is that almost every leader aspires to live by integrity. However, we have found that how different leaders and businesses define Integrity, think about it, live it and…
OLD VS NEW he IASB revised IFRS3, Business Combinations and amended IAS27, Consolidated and Separate Financial Statements in January 2008 as part of the second phase of the joint effort by the IASB and the FASB to improve financial reporting while promoting the international convergence of accounting standards. The amendments provide guidance for the application…