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Christo Snyman, National Director of Forensic Services at Mazars.

Signs there’s a fraudster in your company

The typical South African company loses around 5% of its annual revenue to fraud. One of the main reasons for this is because predicting which employees are capable of committing major fraud against a company is more difficult than expected. (more…)

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Are financial advisers ready for RDR’s Phase 2?

As the various phases of Retail Distribution Review (RDR) unfold in the years to come – with Phase 1 likely to be effective in January 2018 – it will become increasingly important for financial advisers and intermediaries to plan ahead and start gearing their businesses for a post-RDR scenario. In Phase 2 and 3, advice […]

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David Morobe

When is enough, enough for a failing business?

In an economy that is becoming increasingly accustomed to strained trading conditions, many business owners are entering into cash flow struggles and finding themselves grappling with how to save a troubled company, or whether this is even a possibility. (more…)

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Business Concept

2017: SME employment pressure rising

According to the National Development plan, the SME community is expected to provide 90% of new employment opportunities by 2030. This makes SMEs the driving force behind South Africa’s economy, placing even greater pressure and expectation on a sector that already lacks support and funding. Evidence of this was abundant in the 2017 National Small […]

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Call for urgent changes to Business Rescue in SA

Dr Eric Levenstein, Director and head of Insolvency and Business Rescue at Werksmans Attorneys, today called for urgent changes to the business rescue legislation to better assist failing companies as the South African economy continues to struggle. (more…)

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Book on Business Rescue set to launch

In our current economic climate with various private and public companies, as well as State Owned Entities (SOEs) being placed under severe financial pressure, the need to understand the business rescue procedure (as set out in Chapter 6 of the 2008 Companies Act) has become critical. In these tough economic times, directors who sit on […]

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What companies should expect from the business rescue process

Business rescue has started to yield some positive results in South Africa, as the procedure has started to gain credibility in the country. This according to Neil Miller, Director and Senior Business Rescue Practitioner at Mazars Recovery and Restructuring, who adds that many companies however still do not understand the process well enough. (more…)

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SA’s low growth economy presents cashflow challenges for SMEs

South Africa’s low growth economy presents small and medium enterprises with a number of challenges, not least of which is how to balance the need to grow and preserve cash reserves for future use in business. Managing investment risk while retaining access to the funds when they are needed, are also important considerations. (more…)

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