Newsletters

  • December 2018 | Let’s Be Realistic and Positive in 2019

    01 December 2018
    2018 has certainly presented us South Africans with some major challenges. But as we start winding down and reflecting on what the future has in store for us, let’s be sure to keep in mind the many positives we take into the New Year with us. So join us in looking at some of the “big problems” we face, and in asking whether they are in fact as insoluble as we tend to think. The bottom line is this - how can we make meaningful inroads into our problems, and how do we ensu...
  • November 2018 | When Hubris Grows, Can a Market Crash Be Far Behind?

    01 November 2018
    It’s not easy to make informed investment decisions in this Age of Information Overload, nor will it ever be possible to accurately predict the next big boom or crash in the stock markets. But economists suggest that there may be a few pointers to help us decide when the chances of an imminent crash are increasing.  We discuss two such potential pointers – interesting concepts that are well worth keeping an eye on. We’ll tell you how to do that yourself, and when yo...
  • October 2018 | Is your business compliant with the new PAIA Act

    01 October 2018
    Please ensure that your business is compliant with the new PAIA Act.   In terms of Promotion of Access to Information Act (PAIA), 2000 all businesses need to have a PAIA Manual and submit a copy to South African Human Rights Commission (SAHRC) website. The purpose of PAIA is to promote the right of access to information, to foster a culture of transparency and accountability in South Africa. Furthermore, PAIA is aimed at encouraging an open democracy where individuals fr...
  • September 2018 | Do You Need Business Interruption Insurance?

    01 September 2018
    Statistically, almost three quarters of businesses that suffer a major catastrophic event (like a flood or a fire) never recover. 43% never trade again and a further 29% go out of business within two years. Fortunately you can easily protect your business from that sort of risk by insuring not only against loss of assets, but also against loss of profits whilst you get the business back up on its feet again. Read on for our suggestions on what to insure for, and if you ar...
  • August 2018 | The New Travel Allowances: How Do They Affect You and Are They Working?

    01 August 2018
    The 2018/2019 tax year sees important changes to how, as an employee, you can be reimbursed for your business travel expenses. Both employers and employees should know how they will affect you in practice. We discuss the three types of travel allowance, the new changes, the reasons why SARS has made them, and the administrative burden and other considerations for employers. That’s all important of course, but your bottom line question is always going to be “What’s best f...
  • July 2018 | Your 2018 Tax Season Deadline: Brought Forward By Three Weeks?

    01 July 2018
    Tax Season 2018 for individuals has just opened, and as always you should start getting everything together now because late lodgement of returns will expose you to totally unnecessary penalties and interest.  We discuss whether you need to submit an income tax return in the first place, and if so whether you are affected by the new 31 October deadline. We’ll also take a look at why SARS has brought the deadline forward by three weeks and at the benefits to both taxpayers and SARS...
  • June 2018 | Lessons for Your Business: How Does the World’s Most Successful Company Keep Growing?

    01 June 2018
    Launching your business onto a sustained (and sustainable) growth trajectory has always been the Holy Grail for SMEs as much as it is for the big corporates. But how do you achieve that? Jeff Bezos recently shared with Amazon shareholders just how important the company’s deployment of high standards “at all levels of detail” has been to Amazon’s phenomenal success.  Let’s analyse Bezos’ 6 key principles for realising and maintaining high standards,...
  • May 2018 | Practical Tips on Cash Flow

    01 May 2018
    Cash flow, as Richard Branson has pointed out, is literally the life-blood of your business. So quite apart from your legal duty (assuming that you are a company director) to ensure that your business can meet all its short term obligations, it is vital for you to keep an extremely close eye on both your inflows and your outflows. We share some practical advice on managing the 5 most important aspects of cash flow…SMEs in particular should take note of the opportunities presented b...
  • April 2018 | Directors: The Steinhoff Debacle Highlights Your Exposure to Personal Liability

    01 April 2018
    If you are a company director, whether executive or non-executive, you should be constantly aware of your duties in terms of the Companies Act and of the consequences of failing to live up to your statutory responsibilities.  The Steinhoff debacle has of course sent shockwaves through South Africa generally, but it also highlights a particular danger that faces directors daily – the risk of personal liability. Let’s have a look at how Steinhoff could set a precedent on that&...
  • March 2018 | You and Budget 2018: It Could Have Been Worse!

    01 March 2018
    “What people really want is fairness. They want people paying their fair share of taxes” (Barack Obama) Our “tough but hopeful” Budget 2018 has been widely greeted as being as positive and well-balanced as could be expected in our current circumstances.  But do we still face a full downgrade to Junk Status? What will investors think? And how will the proposed changes affect us all in practic...
  • February 2018 | Stop the World I Want To Get Off

    01 February 2018
    Our lives seem to become more stressful every day, and the barrage of “urgent” emails and Social Media messages that we are subjected to certainly doesn't help. Why do we feel compelled to check our emails so often?  What happens if we train ourselves to reduce the number of times we look at our emails to say three times a day? How does that affect us personally? How does it impact on our productivity and on our interactions with colleagues? Read on for the answers&hellip...
  • January 2018 | Directors: Watch Your Liquidity and Solvency

    01 January 2018
    As a company director you need to be aware of the Companies Act’s requirements in regard to testing for and maintaining liquidity and solvency.  Failure to do so not only risks the health and viability of your company, it also exposes you to the possibility of personal liability. We look at what these concepts entail, at how to monitor them effectively, and at your legal obligations if danger signs appear.SARS has been in for some bad press in the last few years, and taxpayer frus...
  • December 2017 | Middle Managers – They’re Vital to Your Success!

    01 December 2017
    “I was appointed to middle management; I didn’t know I could sink so low.”  If that’s what your middle managers are saying, your business is losing out! Why is middle management so vital to your success?   We’ll discuss how, just as successful sports teams rely on their captains to implement your game plan, to make key decisions on the field and to provide inspiration to the team, so middle managers provide the same key functions in your business....
  • November 2017 | Climate Change: Make Sure Your Home is Correctly Insured

    01 November 2017
    Fires, storms, floods and other natural disasters are on the rise in South Africa, and as worldwide climate change accelerates we can expect to see more and more scenes of devastation on our TV screens.  And that means that the risk of not being fully insured for such losses is multiplying by the day.   Don’t take a chance with this – read our 6 point checklist to make sure that you have adequate insurance for your home, vehicles, business premises and other import...
  • October 2017 | Running On Empty: Is Our Downgrade To Full Junk Status Coming?

    01 October 2017
    South Africa’s “Day of Reckoning” will be 25 October, when the new Minister of Finance presents the MTBF (Medium Term Budget Framework).  We should all be concerned about what will happen to our credit rating if the agencies aren’t satisfied that we are still committed to a prudent fiscal policy.   To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk, but could we be in for worse? The problem is that the Mi...
  • September 2017 | Directors’ Meeting Minutes: Why Are They So Important?

    01 September 2017
    Directors must be constantly aware of their risk of personal liability if they fail to fulfil their fiduciary duties in compliance with the Companies Act. Directors’ meetings are critical in this regard, and we discuss what is required in terms of minutes to be kept, what they must contain and why they are so important. We also look at the golden rules of minutes - the “5Ws” (“Who?”, “What?”, “Where?”, “When?” and “Wh...
  • August 2017 | FICA: Will the Revised Act Still be a Four Letter Word?

    01 August 2017
    We are so used to the hassle of having to submit FICA (Financial Intelligence Centre Act) documents every time we want enter into any form of financial transaction that we talk about “being FICA’d”. It has become a real problem for many of us, but there’s hopefully some good news in recent amendments to FICA.  Financial institutions will now adopt a risk-based approach, requiring them in particular to identify “Prominent Public Officials” and “P...
  • July 2017 | Tax Season Opened On 1 July: Here’s What You Need to Know, and Do

    01 July 2017
    Once again tax season has opened for individuals. We look at the documentation you will need before you submit your return, whether or not you have to (or should) submit a return in the first place, and what your submission deadlines are this year.   Read on for the details …..Your suppliers play a strategic role in your business because if they fail to deliver on time or with the required quality, they can cause delays in your organisation. These delays will inevitably have a...
  • June 2017 | Lean Times Ahead: 6 Steps to Help You through Them

    01 June 2017
    Hard times are upon us, and the fact that we have successfully weathered the first month or two of the ratings downgrades shouldn’t lull us into a sense of security.   If government doesn’t take action right now to avoid further downgrades, our “Junk Status phony war” will be followed by even greater financial difficulty for us all. We suggest 6 steps you can take to minimise the pain, with a note for employers on why and how you should help your staff through...
  • May 2017 | Junk Status Is Now a Reality – How Will It Affect Us?

    01 May 2017
    Junk status is upon us. How has it affected our economy so far?  What does the future hold?  How is it likely to affect our daily lives in practical terms?  Fin24’s powerful Infographic “How Junk Status Will Affect You” says it all. And don’t forget we have been here before – our chart “Credit Rating History since 1994” puts it into perspective … Your business could lose millions from internal fraud.   We h...