Tag: assessment

So, your idea has taken off and is wildly successful. Next step is to franchise it and make some serious money, right? Not so fast: while the franchising model can be applied to almost any industry, not all businesses are ‘franchisable’. The first step to building a successful franchise is having a concept that has been growing well as a freestanding business, and being able to understand how the business operates and what is at the root of its success.

Whether it is the South African government’s newly signed carbon tax legislation or the EU’s ‘green’ import taxes, South Africa’s manufacturing sector faces significant challenges. These challenges are centered around sustainability and adapting to new environmental regulations.

The Supreme Court of Appeal has backed Commissioner Kieswetter and issued a stern warning to all South Africans to refrain from assisting others in evading their tax obligations. Where you are caught, South African Revenue Service (SARS) will go after your personally. This is now settled law in South Africa and directors or companies, tax advisors, lawyers, accountants, or even payroll professionals can find themselves on the hook.

Receiving a letter of demand from the South African Revenue Service (SARS) is never to be ignored, and often, where the correct response is not timeously delivered, spells the beginning of the end for the recipient taxpayer! In their war on non-compliance, the revenue collector issues scores of final demands on a daily basis, effectively serving as a “warning-shot” or last chance, for taxpayers to remedy the non-compliance detected.

As organisations emerge from the recent CrowdStrike Falcon incident, I have taken some time to reflect on what we learn from this. Over the past few days, we have seen so many responses and opinions on apportioning liability and estimating the impact of the incident. This point of view takes a different perspective, reflecting on how to respond positively and in a forward-looking way.

Property is the largest investment most people will ever make and there are reams of legal and financial documents peppered with terminology throughout the lengthy process which all need to be understood and navigated, not least the condition report and how it pertains to the voetstoots clause.

Due to the nature of mining, the Minerals and Petroleum Resources Development Act (No. 28 of 2002) requires mines to have an environmental management programme in place, with the necessary funds allocated to it for closure before a mining permit is issued.

The concept of a crisis and how to manage it isn’t foreign to anyone running a business. Something untoward happens, it affects the business and then there are a host of effects ranging from revenue loss, reputation management and compliance questions.

Insurance claims can be repudiated for many varying reasons – from the most obvious to the least expected reasons. One of the best ways of trying to avoid an insurance repudiation is to understand your contractual duties stemming from your policy.

Workforce training, while essential for upskilling, can cause operational downtime which affects the company’s bottom line. However, this is easily countered with the introduction of on-demand online training. This gives workers the flexibility to attend their training sessions without impacting their work schedules.