New products and services are created to enable people to do tasks better than they previously could, or to do things that they couldn’t before. But innovations also carry risks. Just how risky an innovation proves to be depends in great measure on the choices people make in using it. Ask yourself this: If you…
SAICA’s National Small and Medium Practices Committee (NSMP) and the Accounting Practices Committee (APC) jointly conducted a survey in order to better serve and understand the financial reporting needs and reporting environment of small and micro entities. The objective of the survey was to solicit views from preparers, auditors, reviewers and advisors/consultants of small and…
Protection of Personal Information Act [B 9D – 2009] Approved by the National Assembly on 20 August 2013, after minor amendments proposed by the National Council of Provinces in 2012, the president signed the Protection of Personal Information Act (PoPI) and it became law on 26 November 2013. The Protection of Personal Information (PoPI) Act…
Evaluating the benefits of integrated sustainable reporting according to the King III Codes of Governance, and what it means for those responsible. The King III Code has brought more clarity and weight to the concept of integrated sustainable reporting, which has been to the benefit of all stakeholders. Those tasked with the responsibility of compiling…
“The new Nissan LEAF represents one of the most significant events that Nissan South Africa has ever undertaken.” Retail sales have commenced in November via a dedicated Nissan LEAF dealer network covering Johannesburg and Pretoria. A charging infrastructure has been implemented at convenient locations to provide a new, environmentally sustainable way of travelling. Says Mike Whitfield, Nissan South Africa Managing…
“The integrated report is an outcome of the integrated reporting process – and importantly, it is based on the foundation of integrated thinking in a company.” The finalised integrated reporting framework may transform corporate reporting worldwide This year will be remembered for the birth of a new prince … and the birth of an accepted…
Producing an integrated report can be a tedious and stressful affair, but automated tools are becoming available. Most organisations have sophisticated intelligence and analytical tools in place for planning, budgeting, forecasting and consolidation, also known as the ‘first mile of reporting’. However, when compiling monthly and annual reports, all data is initially extracted from Excel…
SA welcomed into Financial Times Group global survey Investec has been recognised by London’s Financial Times Group as the Best Private Bank and Wealth Manager in South Africa, at the 5th Annual Global Private Banking and Private Wealth Management (PWM) Awards, hosted in Geneva. Significantly for South Africa, it was the first time in the…
“Sustainability in the supply chain is increasingly considered as critical to delivering long-term profitability, replacing financial cost, value, and speediness as the chief concern.” Adopting sustainability practices can make smaller companies more competitive in supply chains The effects of the worldwide economic downturn, combined with environmental degradation and social volatility, are not conducive to a…
“Each of the last three decades has been successively warmer – the atmosphere and oceans are warmer, the amount of snow and ice has diminished, the global mean sea level is higher, and the concentration of greenhouse gases has increased.” Yup, we’re to blame for warming our planet and changing our weather patterns In September…