The Mayans believed Armageddon would take place in 2012. At Flux we take a slightly different view. Perhaps not quite Armageddon, but the rules for a new world order are most definitely being rewritten. The following 10 trends provide a snapshot of “the state we’re in” (the Flux by-line) for 2012. We’re watching them closely [...]
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Corruption top concern for South African professionals
Action against corruption and government spending on infrastructure are the top two reforms that South African finance professionals are looking for over the next year. This was the result of the “Treasury Verdict” session taken by a live audience poll of senior treasury and finance professionals at EuroFinance’s 6th annual Treasury, Risk and Cash Management [...]
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The yin and yang of the Tax Administration Bill
The Tax Administration Bill is currently before Parliament. This Bill will introduce significant changes to our tax system. The Bill has been a work-in-progress for a few years now, with SARS engaging public comment and stakeholder discussions throughout its development. The Bill has had its share of criticism with regards to the extension of powers [...]
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New Companies Act eases audit burden for SMMEs
Private companies that are owner-managed no longer need to be audited, says the co-author of a book on the new Companies Act. “The purpose of an audit is to protect the interests of shareholders,” says Professor Geoff Everingham of UCT, co-author with Bowman Gilfillan corporate lawyer Carl Stein of The New Companies Act Unlocked. [...]
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Above-inflation wage increases create a double whammy for workers
By Kevin Phillips, MD, idu Software Unemployment is perhaps the single biggest challenge facing South Africa: Without jobs, people slip into a vicious cycle of poverty and dependency that is very hard to break. So businesses are under constant political and social pressure to “create jobs”. But there’s no magic wand that will create [...]
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How does a business owner cope?
By Barrie Terblanche NOT since the introduction of the labour laws in the late nineties have South Africa’s business owners faced such a fundamental change in the environment in which they have to make their businesses grow. 2011 sees the introduction of two epoch-making pieces of legislation: the Consumer Protection Act (CPA) and the new [...]
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Voetstoots and the Consumer Protection Act
By Carla Martin (pictured), a Senior Associate in the conveyancing department at Garlicke & Bousfield Inc. A voetstoots clause is included in most agreements of sale of immovable property which means that the purchaser agrees to accept the property “as is”, with all its faults. Effectively, the clause exempts the seller from liability [...]
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Companies Act regulations released
South African businesses have officially been given four working days – factoring in all public holidays coming up – to review the Regulations which have just been released ahead of the 1 May effective date for the much-awaited Companies Act. The final Regulations accompanying the new Companies Act have just been released – yesterday [...]
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No director’s pay without shareholder approval
By Intikab (Kabby) Esat is a partner Shepstone & Wylie Attorneys: Commercial Law Department The Department of Trade and Industry has finally announced that the new Companies Act will come into effect on 1 May 2011. The Department and the Presidency have kept business on tenterhooks since the new Companies Act became law as [...]
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Latest Issue - 31 January 2012
In This Issue:
- Prospects for 2012
- New Retirement Thinking?
- Reasons to be concerned about Europe
- Short-term insurance survey
Newsletters
Newsletter 16 February 2012: Investing in uncertain times
In today’s newsletter we share some strategies investors can follow when investing in uncertain times. Uncertain times require a focus on the basics By Nic Andrew, head, Nedgroup Investments Negative news headlines, enormously complex macro-economic issues, extreme market volatility and often contradictory comments from the experts… There are an almost overwhelming number of factors influencing [...]
