Alternative legislation for the winding-up of insolvent companies is urgently required if business rescue is to survive in the long term. When the Companies Act 71 of 2008 (the Companies Act) was brought into operation in 2011, a number of transitional arrangements were enacted, including the retention of chapter 14 of the repealed Companies Act…
Damian Judge, CFO of Trellidor Holdings Limited, shared his views on the concept of integrated thinking by responding to a series of exploratory questions in support of SAICA’s integrated thinking project. How do you define or understand ‘integrated thinking’ as it applies to your company? We look at it as ‘how does the company interact…
As we navigate the turmoil and disruption caused by the COVID-19 pandemic, all eyes are on keeping one another safe while preparing for a post-pandemic world. The custodians of this post-pandemic future are young people – and when one considers that the official unemployment rate for people under 35 in South Africa is 46,3%, the…
A global study reveals that South Africans are more concerned about their financial wellbeing since the onset of COVID-19 but are determined to recover financially. According to the 2021 Schroders Global Investor Study (GIS), 86% of South African investors have spent more time thinking about their financial wellbeing since the onset of COVID-19. This translated…
JOYFULNESS IS GOOD FOR BUSINESS The results of many studies have shown that happy employees are more engaged, productive and apart from a willingness to go the extra mile, they also contribute more to success and profitability. As a #differencemaker and business leader, you have an opportunity to create conditions for happiness in your business.…
Your credibility as a speaker is a factor of whether or not your audience can trust you. If trust is a must, how do you maintain your ethics as a speaker and build trust simultaneously? Use the power of story to connect with your audience It is hard for your audience to listen to your…
‘It is curious – curious that physical courage should be so common in the world, and moral courage so rare’ – Mark Twain. How accurately would we rate our individual level of ethical behaviour? Do our choices pass the ethics ‘acid test’? I bought my twin boys ice cream recently. The busy vendor gave me…
In 2018, amendments were made to section 11(j) of the Income Tax Act to provide specific criteria for determining doubtful debt allowances. Further amendments have now been introduced which take effect for years of assessment commencing on or after 1 January 2021. This means that the new rules will effectively apply for the first time…
The other day I was looking for something in a shop. A packer noticed my confusion and cheerfully offered to help. He took me from aisle to aisle until I found what I was looking for. He did not need to help me but he did, with all his heart. He taught me a few…
Chartered Accountant Dylon Johannes had to conquer adversity to become the successful individual he is today. Not only did he manage to climb his way out of poverty, but he has also had to navigate a life-long speech impediment to make his way in the business world. He says the support he received from the…