PENDING FINALISATION OF DISCIPLINARY PROCEEDINGS Mr Markus Jooste tendered his resignation from SAICA in a letter received from his lawyers on 14 June 2019. Citing the reasons for his resignation, Jooste’s lawyers allege that the outcome of the proposed disciplinary enquiry against their client has been predetermined by SAICA, following media reports in which SAICA…
The occurrence of ghost employees on a company’s payroll system ranks as the most difficult type of payroll fraud to detect, particularly in larger companies where no proper controls exist. Over time, this can pose a serious threat to the organisation’s profitability and sustainability, declares CRS Technologies general manager Ian McAlister. “A ghost employee is…
By Emmanuelle Salon, Business Development Manager – Telcos – South Africa – Wipro Limited The local contact centre industry is thriving and has seen substantial growth over the last four years, as South Africa became an enticing destination for offshore business. Concurrently, telcos across the world are seeking to improve their customer experience and reduce…
Daryl Coker, Advisory Partner, Citadel 30 July 2019: From Trump’s trade wars and Brexit woes to the looming threat of a credit rating downgrade in South Africa, rising waves of political and market volatility have left more and more investors wondering whether it wouldn’t be better to keep assets safely tucked away in cash. And…
Change in any form has a destructive streak. “Within organisations change can often weaken work commitment,” says Helene Vermaak from corporate cultural experts The Human Edge. “The key to avoiding the destructive streak that change can leave on an organisation is for the leadership team to build a burning level of job commitment, as soon…
The concept of ‘reasonable period’ within the ambit of the tax legislation seems to be topical one day and then the next loses impetus for whatever reason without ever settling the issue. This question of time is exceptionally important and relevant for the sections in the tax legislation which deal with the situation where SARS…
National Treasury yesterday released the draft bills for public comment, which once approved will serve to effect the legislative amendments announced as part of the 2019 Budget Review. Of interest to the individual taxpayer and especially one whom has surplus funds available for investment is the proposed changes to cap the tax deduction available in…
By Darryn Faulds, Fund Manager at MeTTa Capital Negativity around South Africa Inc. has been building for some time with questions swirling over the performance of the country’s economy, its struggling equities market, corporate scandals as well as heated politics. Amid strained performances for many stocks on the JSE, a growing chorus of commentators have…
The increase in the tax return threshold On the 6th of June this year, the head of SARS, Edward Kieswetter, announced that the threshold for submission of tax returns has been increased from R350 000 to R500 000. This means that if you earned less than R500 000 in the 2019 tax year, you do not have to…
By Yamini Gajapathy, Head – Modern Application Services –South Africa, Wipro Limited When considering application modernisation and management, corporates face the challenge of striking the right balance between cost, quality and time to market. The fundamental aim of application modernisation is to create new business value from existing applications, which were designed to perform a…