By George Williams, Director of Risk Advisory Services at BDO Audit committees are an organisation’s primary resource for oversight of the financial reporting process, the audit process, the company’s system of internal controls and compliance with laws and regulations. However, recent corporate failures, and some of the revelations emerging from the Zondo Commission of Inquiry, indicate…
DetailsTravel allowance is granted to employees who travel for business purposes and it is granted to finance a portion of an employee’s transport costs. Many payroll professionals, however, struggle to come to grips with the South African Revenue Service’s (SARS) travel allowance system, and employees are notoriously lax when it comes to recordkeeping of their…
DetailsThe evolving digital world and resultant online presence of the population is no doubt changing the way people engage and how business is conducted – but also what information can be sourced online, prior to such engagement taking place. While available online information may give previously unknown insights, is it enough to truly know who…
DetailsOpinion by Lee Stacey, Chief Broking Officer in Aon South Africa’s Commercial Risk Solutions Division The overall risk readiness for the Top 10 risks identified in Aon’s 2019 Global Risk Management survey has dropped from 53% in 2017 to 51% in 2019. Failure to innovate and meet customer needs is one of the top ten…
DetailsAndrew Möller, Director and Chief Executive Officer, Citadel One of the oldest debates in investment circles is whether asset allocation or stock selection is the main driver of portfolio performance. As with the active versus passive debate, however, any successful investor will have realised by now that it is foolish to be in either camp,…
DetailsAs the world continues to evolve to be more centred around digital services, everything – from the way we purchase and consume media, to the way we bank – is affected. But, as the way we buy and sell changes, the implications are deeper than just developing secure payment gateways… In fact, the entire way…
DetailsBusiness investment is dependent on political and policy stability and time is running out The South African economy is in desperate need of a boost and business holds the key. But before businesses will start committing to the significant investment that the domestic economy needs, policy certainty is crucial. This was the overall sentiment from…
DetailsThe Department of Trade and Industry’s amendments to the B-BBEE Codes of Good Practice on Friday, 31 May, were published in the government gazette with very little fanfare considering the significant impact they may have on generic entities in the country. Rajan Naidoo, director of Edupower Skills Academy, takes a closer look at the changes…
DetailsSARS released its notice today announcing the up-coming 2019 tax return filing season for individual and trust taxpayers. Various changes have been announced which according to SARS will make it simpler and more convenient for taxpayers to file their tax returns. The 2019 tax season will start on 1 July 2019 where taxpayers use eFiling…
DetailsJolawn Victor, Head of Emerging Markets at Intuit. Growth and change are not only necessary for businesses to thrive, they are crucial for bolstering the growth of the economy and ensuring a stable environment. In fact, they are a national imperative. This was shared by acclaimed business mogul, Vusi Thembekwayo at a series of Fuelling…
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