LATEST ARTICLES

Setting up your business in a Special Economic Zone (SEZ’s)

Section 12R of the Income Tax Act 52 of 1962, as a consequence of an initiative by the Department of Trade and Industry, was introduced in 2014 to enhance trade through the Special Economic Zone Act 16 of 2014 and attract direct foreign investment.The benefitsCompanies qualifying under section 12R are not taxed at a rate of 28%. A reduced...

Data Management as a Service – a solution for the mining digital revolution

Mining has always been an intensive industry, from the perspective of resources, time, labour and people safety. The ability to analyse and derive intelligence from vast amounts of data generated across the various aspects of any mine is a revolution in this sector. With the incorporation of the Internet of Things (IoT) as well as various geoscientific data sources,...

I know I need a Compliance Function, but what do I do next?

While most organisations recognise the need for a compliance function, the complex nature of this essential structure renders many unsure of how to establish a comprehensive, dynamic and specific programme that addresses the basics and ensures the organisation remains compliant in all spheres.Designing a programme or framework that identifies risks helps an organisation to prioritise these and informs the...

De-risking South Africa’s transition to a new energy future

On the African continent, there is appetite for major infrastructure developments that are only hampered by challenges of capacity, whereas the picture is almost inverse in South Africa at present.“We are sitting on a GDP growth rate of 1.5% at present that affects infrastructure investment, which is further exacerbated by an investment freeze as businesses adopt a wait-and-see approach...

Privileged Access Management (PAM) vs Privileged User Management (PUM)

When it comes to breaches, there are many areas that attackers focus on to try and gain entry to a company’s data. One that is often overlooked by the security team is privileged accounts.“While many companies manage their privileged accounts and credentials in the same way they do the rest of their entry points, they neglect to differentiate between...

Sage research reveals that 90% of accountants worldwide believe there has been a cultural shift in the accountancy profession

Accounting firms prepare for the future through updated hiring practices, expanded services and automationJohannesburg, South Africa  — May 2nd, 2019 — Sage, the market leader in cloud business management solutions, has released its annual Practice of Now research report, revealing a shifting cultural landscape in the accounting sector driven by evolving client demands and the marketplace.Of the 3,000 accountants...

JSE proposes changes to Listings Requirements to strengthen regulation of primary listings

by Elodie Maume, Senior Professional Support Lawyer & Colin du Toit, Partner at Webber Wentzel​​On 12 April 2019, the JSE published for comment proposed amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The proposed changes take account of the public comments raised during the consultation process that kicked off in September 2018 after...

B-BBEE is not compulsory, unless…

B-BBEE compliance for companies is not a legislative requirement.  Companies are not required to disclose their B-BBEE status or verify their status.  It is seen as business requirement.However, the B-BBEE Act requires that all JSE listed entities must submit a compliance report on the status of their B-BBEE, on an annual basis, within the prescribed time frames and in...

Finance and Business2030 was launched on 2 April, a key sustainability programme bringing leaders in the city together to help implement the UN Sustainable Development goals

Tuesday night (2 April) saw the launch of Finance & Business2030, a key sustainability programme bringing leaders in the city together to help implement the UN Sustainable Development goals. Finance professionals from various sectors came together to develop a plan of action for the community focused on how best to achieve the SDGs (Sustainable Development Goals) by 2030. The event...

Avoid these investment pitfalls

24 April 2019: As even the most experienced investors will attest, the world of investing is riddled with hidden pitfalls that can easily trap the unwary and prevent you from achieving your investment goals.Here are five common investment mistakes, as well as some tips for avoiding them on your own investment journey:1. Ignoring your investment goalsThe first step in...