We all know South Africa needs more entrepreneurs to ignite our economy and job creation, but access to finance is a major stumbling block to business success. Louw Barnardt, Dana Pretorius and Jacques Le Grange, founders of Outsourced CFO (OCFO), at just 30 years old have helped entrepreneurs raise over half a billion rand. And…Details
The results of the Assessment of Professional Competence (APC) – the final hurdle in the seven-year (minimum) chartered accountancy qualification journey – recently released yielded critical insight into the quality of newly qualified CAs(SA) being produced for business. While the results reflect a decline in the pass rate, which stands at 68% for the 2018…Details
SAICA adopted a new Code of Professional Conduct which will become effective 15 June 2019. The code focuses on the fundamental principles and assists accountants on dealing with threats to compliance.
The 2018 edition of the International Ethics Standards Board for Professional Accountants (IESBA) Code (renamed the International Code of Ethics for Professional Accountants (including International Independence Standards)) was completely rewritten under a new structure and drafting convention which makes it easier to navigate, use and enforce. The South African Institute of Chartered Accountants (SAICA) has…Details
All too often, owners of small- to medium-sized businesses have not planned for a smooth and successful exit or ownership succession in the future. Would you rather proactively plan ahead for such an exit or would you leave it to chance?
A strong finance function is integral to the long-term sustainability of a company. After all, financial information is a key consideration when external stakeholders make a decision about a company. But what happens in SMEs which by their very size and nature cannot afford to have a sufficiently staffed finance function that adds value to…Details
It is officially a quarter past 2019, and most (if not all) of our New Year’s resolutions have been forwarded as unread mail for 2020. What is it that keeps us from achieving the goals we set out to achieve?
As entrepreneurs we are much better off Breaking Bad (inactivity habits) than watching The Days of Our Lives pass by … Business ideas are like sand through the hour glass of our mind, and all be the movement of these little opportunity grains mesmerising. Unless you do something, you are really just watching time pass…Details
South Africa has a high rate of start-up failures, and the negative connotation associated with failure often means the end of the road. To overcome some of the planning mistakes I’ve seen, these are some common areas entrepreneurs fail to consider in planning their business strategy.