Tag: vetting
Data-driven hiring key to securing top talent
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.
Enhancing compliance – Ultimate Beneficial Owner (UBO) steps up in the...
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.
Navigating FICA compliance for the retail industry
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.
Navigating advanced import payments in South Africa
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.
Thabi Leoka – what an incredibly sad & unfortunate situation
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.
Employee screening is vital in the new world of work
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.
Ways to build business resilience
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.
Strengthening supplier management processes against fraud
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.
Dealerships are now accountable institutions – how can they adapt?
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?
Background checks are worth their weight in gold in the mining...
South Africa possesses ore reserves amounting to a value of more than US$2.5 trillion, with 16 commodities ranked in the top ten internationally. In such an important and high-value sector of the economy, it’s easy to see why the mining industry is a frequent target for malfeasance of all kinds – from deceptive suppliers to tender fraud.
