Tag Archivesnews

Melanie De Nysschen Bravura

Mandatory rotation of auditors too late to prevent KPMG scandal

The KPMG fall-out after the Gupta-related entity audits and the South African Revenue Service (SARS) “rogue unit” report must be the biggest scandal so far in the South African audit profession.  On 15 September 2017 KPMG CEO Trevor Hoole, chief operating officer Steven Louw, chairperson Ahmed Jaffer and five senior executives resigned “in the best […]

Read full story
FNB on online banking misconceptions

Overcoming reluctance to digital banking channels

Despite a 33% increase in the number of customers using the FNB Banking App, who earn less than R300 000 per annum, some customers in this segment are still reluctant to take advantage of digital banking channels due to certain barriers and misconceptions. (more…)

Read full story
Lizl Budhram

Why value is key to success in a post-RDR world

Within the current economic and legislative environment, demonstrating value as a financial adviser has become imperative, says Lizl Budhram, Head of Advice at Old Mutual Personal Finance. The Retail Distribution Review (RDR) is expected to put adviser fees under customers’ microscopes and technological trends such as robo-advice and shifting consumer behaviour requires advisers to reinvent […]

Read full story

Mines Minister suspends implementation of reviewed Charter

The Chamber of Mines advises that the Minister of MineralResources has given a written undertaking that the Minister and the Department of Mineral Resources (DMR), will not implement or apply the provisions of the 2017 Reviewed Mining Charter in any way, pending judgment in the urgent interdict application brought by the Chamber of Mines. (more…)

Read full story
President Jacob Zuma

An hour in SA politics is a long time

Political analyst Aubrey Matshiqi’s lectures are always a pleasure to listen to – and the one he gave at the annual Nedgroup Investments Treasurer’s Conference last week was no exception. (more…)

Read full story
Ian Scott of Grant Thornton recommends a neutral financial advisor for family-owned businesses

Family-owned businesses can thrive with the correct guidance

While South Africa is well known for its inherently entrepreneurial culture, too many promising family-owned businesses do not reach their potential due to a lack of objective external input and independent advice. (more…)

Read full story
Henley and Partners on second citizenships

Second passports ‘no longer just talk’

The recent credit downgrades by Fitch and Standard & Poor’s ratings agencies, and the potential effects of junk status, has wealthy South Africans seriously reviewing the available options for diversifying their personal interests and investment assets beyond the country’s borders. (more…)

Read full story
Europ Assistance on potholes and tyre damage

City of Johannesburg lauded for ‘declaring war’ on potholes

Herman Mashaba, mayor of Johannesburg, recently revealed his plans to alleviate the city’s pothole problem by awarding R88 million to address the pothole repair backlog across the city. The Johannesburg Road Agency has also launched a new mobile app called Find & Fix, to allow citizens to quickly and easily report road related defects like […]

Read full story