Tag: compliance

While there is a growing need for renewable energy as countries around the globe seek to reduce their dependency on fossil fuels, the potential drawbacks that come with this transition cannot be ignored. In the realm of utility environments, which encompasses municipalities and renewable energy providers such as Independent Power Producers (IPPs), due consideration must be given to the critical area of power quality.

In the dynamic landscape of contemporary business, team-based work and cross-functional projects are rapidly replacing traditional organisational structures, with an increasing number of leading-edge organisations embracing collaboration-driven models.

Despite being viewed as an administrative and burdensome expense with excessive paperwork sometimes causing potential delays to establishing business relationships and concluding transactions, Financial Intelligence Centre Act (FICA) compliance is more crucial than ever.

The coronavirus pandemic and subsequent lock down brought with it many ongoing consequences for the working world. Although at the end of 2023, analysts predicted that work-from-home (WFH) would be eradicated over the next few years, the first quarter of 2024 is painting a different picture.

As a global leader in the cryptocurrency industry, we recognise the significance of the South African Financial Sector Conduct Authority's (FSCA) recent decision to include cryptocurrencies within its licensing legislation. This move comes at a crucial time for the evolution of crypto as an investment asset class in South Africa, signalling the maturation of the local crypto market and a step towards integrating digital assets into the mainstream investment ecosystem.

Paying employees sounds straightforward, but it is not unusual for Small and Medium Enterprises (SMEs) to make mistakes in managing their payroll. These errors can have serious consequences, ranging from damaging employee morale to fraud losses, and tax penalties for late or incorrect tax payments and submissions.

Gone are the days of box-ticking. The Financial Sector Conduct Authority (FSCA) has recently imposed administrative sanctions on two financial services providers (FSPs), in each case for failing to comply with certain provisions of the Financial Intelligence Centre Act (FICA). 

While the African banking market has seen withdrawal of global banks over the last 5 years, the opportunity for localised banking has seen the opposite, driven by the expansion of African banking groups into the continent, led mostly by South African, West African, and Northern African banks.

Many companies think of contract renewal as a routine process that they can leave on autopilot. But apart from the risks of missing the timeframe to cancel or renew a contract, contract renewal is also an opportunity to strengthen your relationship with your business partners and refine the contract to meet your evolving business needs.

Geographic information systems (GIS) are transforming banking by integrating location-based insights with customer relationship management (CRM) tools. New technologies are rapidly reshaping the banking sector, signalling a shift from traditional, branch-centric models to a more data-driven, customer-centric approach.