Tag: compliance

Before the internet, businesses tended to operate in smaller areas and in a very siloed manner. Today, however, there is a global online economy, and the geographical boundaries that limited business operation areas have fallen away. The ease of access to information has become critical to successful operations, and the ability to leverage data has become a point of competitive differentiation.

The South African retail industry operates in a complex and challenging environment. Economic uncertainty, rising costs, and unpredictable consumer demands have created conditions in which retailers must constantly adapt to survive.

Maintaining exceptional health and safety (H&S) standards is integral to the ongoing success of any project in the mining, construction, and engineering, procurement, and construction management (EPCM) industries. However, the time and expenses involved can be discouraging, leading to less effective outcomes.

A unique selling proposition (USP) has to form part of the very fabric of an organisation. It needs to wrap around how employees behave towards clients, how the company approaches service, and every action and interaction within and without the business.

Advanced Import Payments (AIP) are a crucial strategy for businesses seeking to enhance efficiency in their cross-border operations. In South Africa, where recent regulations have re-shaped the landscape, understanding, and leveraging AIP can yield significant advantages for international trade, integrating South Africa further into the global economy.

For any business involved in local or global trade, a robust supply chain is key to sustainable success. The simple reality is that trade disruptions come in many forms, from natural disasters and geopolitical crises, to trade conflicts and even pandemics; and in all these scenarios, a strong supply chain is required to keep a business running, avoid losses, and retain its edge over the competition.

COVID-19 came with its own challenges for businesses, requiring companies to pivot and adapt to new ways of working and changed the working environment completely. Small auditing firms were not spared from this, they needed to quickly adapt and fully equip their employees with resources to ensure that they continue to operate and serve their client’s needs.

As social engineering attacks continue to rise in sophistication and prevalence, the Payment Card Industry Data Security Standard (PCI DSS) has evolved to address this growing threat. PCI DSS v4.0 places a strong emphasis on social engineering awareness and prevention, going beyond generic security training to mandate specific technology and controls.

South African banks have weathered rough seas during the past year, with many of their customers coming under severe pressure from a stagnant economy, rising cost of living and high interest rates. Despite these storms, the financial services industry is still delivering good profits and growth, but there is constant pressure to maintain these results amid the adverse market trends and pressures that are currently shaping the landscape.

While the President has signed the National Health Insurance (NHI) into law, the bean counters at National Treasury have yet to start looking for their excel sheets needed to ensure the NHI is fully costed. The first reason is due to the confusion of objective versus political ideology. The NHI has been touted as introducing “universal healthcare coverage” (UHC).