Tag: vetting

In today’s fast-paced and complex governance environment, the traditional annual board work plan remains a useful tool. The traditional annual board work plan structures routine responsibilities, such as scheduling board evaluations, reviewing policies, and approving annual financial statements and budgets. However, the board work plan’s largely static nature often fails to capture the fluid realities of modern governance.

South Africa continues to grapple with high unemployment. Businesses must embrace data-driven hiring practices to make informed decisions. This is crucial to secure top talent.

Companies can leverage identity platforms to create internal Ultimate Beneficial Owner (UBO) databases. What are the risks of unintentionally transacting with a shady shell company or funds gained from criminal activities? In South Africa, it's substantial.

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.

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.

Well known economist, Thabi Leoka’s meteoric fall from grace was pretty much self-inflicted. It’s the old adage of "don’t tell a lie, you will be caught out". However, this whole situation could have been prevented, and misconceptions cleared up years ago, had all the entities involved done their due diligence.

Today’s workplace – and the way we work – has been majorly disrupted over the past few years. The arrival of a remote or hybrid way of working has seen the adoption of several transformative technologies within organisations to enable work to be done virtually.

In the dynamic and competitive world of business, staying financially fit is crucial for the long-term success and sustainability of any business. One aspect of maintaining financial fitness is having your business affairs in impeccable order. This entails meticulously managing your company's financial records, compliance, and transparency.

Chief Financial Officers (CFOs) not only have a serious fiduciary duty to themselves as individuals, but they also have a responsibility to their employer to ensure that every step of every financial process is in order and above board. The consequences of financial mismanagement are multiple – again, individually as well as for the company.

Late last year, South Africa changed the Financial Intelligence Centre Act (FICA) to alter the status of several business types, including motor vehicle dealers. Under the new changes, dealerships are accountable institutions. How does this affect their operations, and can they adapt to the new requirements?