In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation.
"It’s inevitable that currently authorised financial services providers are going to have to change their business models to adapt to a revised licensing framework,” says Thulani Dyasi, who works in the Banking and Financial Services Regulatory Practice Group at pan-African law firm Bowmans.
A large majority of global banks, insurers and investment managers intend to increase their partnerships with FinTech companies over the next 3 - 5 years and expect an average return on investment of 20% on their innovation projects, according to a new PwC report Redrawing the lines: FinTech’s growing influence on Financial Services.
Executive remuneration has become a symbol of inequality in today’s global economic order. Shareholders are becoming more active in demanding that executive pay is more closely linked to results and stakeholders want a broader focus on the context in which the organisation operates.
Few people realise that the largest source of business funding in South Africa is provided by private companies themselves. Businesses extend credit to their customers and obtain credit from their suppliers, usually in the form of short-term funding which lasts for 30 to 60 days per transaction.
On 16 March 2017, the Independent Regulatory Board for Auditors (IRBA) released its Public Inspections Report, 2016, following shortly after the International Forum of Independent Audit Regulators’ (IFIAR) 2016 Survey of Inspection Findings on 3 March 2017.
There is no denying that information and communication technology (ICT) is business critical in the fast-paced and increasingly connected society we live in today - however, procurement of the needed solutions and equipment too often still becomes a negotiation over cost and demonstrating value.
The South African Institute of Chartered Accountants (SAICA) has for the past three years run a survey among small and medium enterprises, both to learn how SAICA members can better serve the sector, and to offer relevant research findings to policymakers in government seeking to stimulate small business development.
Every successful business owner will tell you that ‘cash flow is king’ and effective working capital management is essential for any successful business to survive, as it provides a business with the cash flow to fund its day-to-day operations. Working Capital can be funded by the business itself or by external funders.