An in-depth look into the 2013/2014 and how it affects the taxpayers

Over time, both business and regulation have become more complex, forcing accountants to consider increasingly more complicated issues, with an exponential increase in paperwork.With more risk attached, businesses are more exposed to...

A big part of the answer is that we need financially healthy entities which can do so. The power stations we are building will be generating power for the next 50 years.

In the past, Africa earned an unfortunate reputation as a continent with a poor track record for achieving closure in infrastructure projects in various sectors,including energy. Positive trends are emerging,however, which indicate that change is certainly in the wind.

The ostrich syndrome can be identified when directors tend to rely solely on the audit committee when approving financial statements; when directors are willing to accept overly technical explanations from the finance people on the financial statements.

Hands up if you'd honestly think you'd feel down about winning R1,000,000.00 – or getting an unexpected bonus the same size? Or bigger? I'm sure there are some readers whose sense of social justice would be outraged. 

The South African Reserve Bank's recent interest rate cut by 50 basis points to 5%, which is aimed at stimulating the economy through consumer spending, is unlikely to have any effect on banks' tough stance on lending, which could inhibit potential growth in the economy.

One of the greatest enemies of successful investing is emotion. In making an investment decision, being too optimistic in good times or too nervous in tough times, often leads to the wrong call.

Municipalities in South Africa are urged to take a proactive approach in maintaining infrastructure that is safe for public use at all times.

If we are to believe the latest reports and company surveys, then it appears the financial crisis of 2007/2008 is largely over. What does this mean for those businesses that are still standing?