Tag: compliance

Increased shareholder value and better customer benefits could be generated with the adoption of seven set-piece plays, according to a new report on the digitalisation of South Africa’s banking and financial services.

As South Africa prepares to move from level 4 lockdown so more and more companies will be allowed to re-open. As part of this, there are a broad range of legal requirements that organisations now need to comply with. As of the 29th April 2020, government published a set of regulations specifically related to how companies should be managing COVID-19.

A new report by The Small Business Institute (SBI) claims that small businesses continue to be as economically fragile as they were over two decades ago, with some 70% of South Africa’s emerging small businesses failing within their first two years. While 98.5% of the country’s economy is made up of small and medium-sized enterprises (SMEs), they’re only delivering 28% of all jobs.

The role of the CFO has evolved dramatically in recent years, especially with finance and IT becoming more connected than ever before. Besides managing the company’s finances from top to bottom, CFOs now have many new responsibilities to fulfil.

Organisations started outsourcing specific business activities in the 1990s mainly as a cost-saving measure. Functions not related to the core business, such as accounting, human resources, data processing, security and maintenance were contracted out to specialised service providers rather than handled by internal staff and resources.

Payroll fulfils many roles within an organisation. Besides being responsible for employees’ compensation and ensuring that the business complies with various legislations, payroll can also drive engagement with employees. Payroll managers have many hats to wear within a business.

Leading organisations can be lonely and a coach and mentorship make a real difference. This is especially true when you are an inexperienced CEO in a small start-up or a fledgling scale-up.

The recent court order instructing the Passenger Rail Agency of South Africa (PRASA) to make available audio recordings of one of their board meetings has highlighted the urgent need for boards to develop policy around this issue.

Green credentials have become a fashionable must-have for organisations in most industries, however, to effect real change, environmental policy needs to be far more than rhetoric, or indeed, a compliance exercise.

The SAICA Code of Professional Conduct (the Code) has, since 2006, set out certain fundamental principles that members and associates (accountants) should adhere to. The principles are integrity, objectivity, professional competence and due care, confidentiality and professional behaviour.