South Africa’s top 40 companies listed on the JSE have made good progress in their corporate reporting initiatives. Yet, despite progress being made, companies still have the potential to develop their reporting further. PwC’s “Value creation: the journey continues” survey involved an analysis of the integrated reports of the top 40 companies listed on the…
The ongoing migration to driver-based fleet management Fleet management, which includes the full ecosystem of vehicle supply, maintenance, vehicle replacement, vehicle selection, insurance, accident management and more, is enabled by fleet telematics providers. Monique Verduyn reports Fleet telematics makes it possible for businesses of all sizes to achieve a tangible return on investment by improving…
“Effective listening is one of the most important skills leaders need to have.” Every good conversation starts with listening. Steven Covey says that most people do not listening but rather to reply. Which one are you, and which one do you want to be? The popularity of social media today is teaching us that people…
“Huge investments have to be made in South Africa and around the world to provide energy for, feed and house a rapidly urbanising population.” The impending arrival of a carbon tax in South Africa has sparked widespread industry resistance. But is a carbon tax necessarily counterproductive – if these taxes are invested in low-carbon infrastructure?…
When should revenue be recognised and how much revenue should be recognised? by Yusuf Dukander, Jenny Min and Gisela Spencer The asset management industry is a unique and niche sector of the financial services arena, both locally and globally. With thousands of billions of rands invested in unit trusts and other investment instruments under management…
“Falling numbers of new entrants to the labour market cannot fund Western countries’ growing social security responsibilities.” When German Chancellor Bismarck, with an eye to productivity, first set the retirement age at 65 in the late 1800s, it was in the knowledge that few people lived to that age. As late as 1935, when the…
“The least productive people are usually the ones who are most in favour of holding meetings.” Thomas Sowell As a leader, one is often asked what a good team size is and whether small teams are more productive than larger teams or vice versa. The jury is out on this question, but what research has…
This article is the second of a three-part series looking at the requirements of the final IFRS 9 Financial Instruments. In this part we take a look at the new requirements of classification and measurement of financial assets. In part 3 we will discuss the new impairment model Spring is in the air. Time to…
“The power of accounting is often forgotten by students, educators and even professional accountants.” Like maths and science, accounting is considered boring by many people, especially in comparison to subjects like English, Art and Drama. These ‘creative’ subjects give students tools to comprehend other people’s stories and express their own dreams and wishes. Although tragically…
“When information is imperfect, the presence of inferior goods corrodes the market for quality goods.” Following hot on the heels of my rant at car scams last month, I came across a very interesting paper on the “The market for lemons”. Written in 1970 by economist George Akerlof, it discusses the used car market. A…