25 top companies for leaders

Company Location Revenue Employees 1 IBM USA $99.9 bil 426,751 2 General Mills USA $14.8 bil 33,000 3 Procter & Gamble USA $79.7 bil 127,000 4 Aditya Birla India $35 bill 133,000 5 Colgate-Palmolive USA $15.6 bil 39,200 6 Hindustan Unilever India $4.1 bil 15,000 7 ICICI Bank India $8.1 bil 61,697 8 McDonald’s USA…

TECHNICAL: ACCOUNTING

2009The IASB has revised IAS 24 – Related Party Disclosures, to provide a partial exemption from the disclosure requirements for government-related entities and to clarify the definition of a related party. The IASB did not change the fundamental approach to related party disclosures contained in previous versionS of IAS 24(AC 126), which requires entities to…

SAICA NEWS: Ensuring a sustainable profession

In this article we will explore some of SAICA’s initiatives aimed at ensuring the profession’s future sustainability by leveraging off its regional presence. Transformation and growth including trainees SAICA’s transformation and growth strategy is implemented throughout South Africa via numerous projects and initiatives aimed at increasing the number of African and coloured students to study…

STRAIGHT SHOOTING: Another year bites the dust…

The year 2009 has been riddled with change, challenges and lessons. In January, Barrack Obama became America’s 47th and first black president. In April, Jacob Zuma became South Africa’s fourth post-apartheid president. South Africa joined the long list of world economies to slip into recession, and was one of twenty-two of the world’s leading countries’…

ANNUAL MOTORING 2009

BMW Z4 – 3l BMW has recently launched the latest generation Z4, which, in my opinion, has finally become a formidable sports car. The most significant change to this vehicle from its predecessors is the hard top convertible as opposed to the soft top. In the looks department, definitely a thumbs up! The new Z4…

WINE ROUTE: Great Wines, Magnificent Vines

Michael Olivier talks of De Grendel and its wines. Michael publishes in November, with Neil Pendock, The People’s Guide – navigate the winelands in a shopping trolley and is a well known wine writer and broadcaster. Visit him on his website www.michaelolivier.co.za. The beautiful manor house of De Grendel is one of Cape Town’s oldest…

GOVERNANCE OF INVESTMENTS

Directors and trustees to reconsider governance structures over investments Investments are the largest balance on the balance sheet of most insurers, retirement funds and other financial services entities. The collapse of global financial markets and the associated credit crisis has resulted in significant downward revaluations of investment values. Although it is common for market corrections…