So what is gap cover all about

Something that is a frequent question by consumers is “Why did my medical aid not cover the full cost of my hospitalization?” Thinking they were covered for 100% of all the hospitalization costs. Medical aid can be a minefield for the regular Jane out there, who is just looking for the peace of mind that […]

Financial assistance and the Companies Act

One of the more significant changes that the “new” Companies Act, 71 of 2008, brought about was that a company may now provide financial assistance to prospective shareholders to subscribe for shares in that company. In other words, it may lend persons money to enable them to subscribe for shares in the lender (although other […]

Financial assistance by companies to issue shares

Section 38 of the Companies Act, 61 of 1973 (now repealed) contained a prohibition against companies issuing shares to prospective shareholders on loan account. This was identified as one of the hurdles in the way of BEE empowerment deals specifically (which quite often involves BEE participants requiring funding to be able to subscribe for shares […]

Finansiële risikobestuur vir u klein besigheid: Weet u wat om te doen?

Is dit werklik nodig om te weet hoe om finansiële risiko te bestuur? Die antwoord is ‘n besliste “Ja!” Dit kan die verskil beteken tussen ‘n suksesvolle besigheid en ‘n besigheid wat gedwing word om sy deure te sluit. Maak seker dat u u besigheid die beste moontlike kans gee om te oorleef en te […]

Incentivising non-retirement savings in South Africa through Tax free savings accounts

National Treasury introduced the Tax free savings account and these accounts have been available since 1 March 2015, available through a variety of providers. These accounts are intended for discretionary non-retirement savings and have certain distinct features which should make them very appealing to investors. Even though the intention is that they will be used […]

Bespaar op Ouditfooie: Gebruik ʼn Finansiële Oudit Voorbereidings-kontrolelys

Aangesien  ʼn oudit die aandeelhouers en ander belanghebbende partye van ʼn besigheid teen die risiko van praktyke waar bedrog mag voorkom kan beskerm, kan hulle daarop aandring dat daar jaarliks ʼn finansiёle oudit van die besigheid moet plaasvind.  Indien ʼn oudit versoek word, kan ’n besigheid egter steeds ʼn mate van beheer daaroor uitoefen deur […]

Do you use a monthly financial checklist? If not, you might miss something important

The primary purpose of business is to generate positive cash flow and make a profit, both of which are determined by two factors: money coming into the business and money going out of the business. As long as the money coming in is more than the money going out, you will be smiling. But what […]

IFRS vir KMO: Erkenning van inkomste uit die lewering van dienste

Alvorens die inkomste ontvang vir dienste gelewer erken kan word in die boeke van die verkoper, is daar twee belangrike kwessies wat opgelos moet word naamlik, wanneer word die inkomste erken en teen welke bedrag? Geld wat ontvang word vir die lewering van dienste kan erken  word as inkomste in die verkoper se boeke sodra […]

Appointing a financial manager: Do you know what to look for?

Ideally the candidate to appoint as financial manager must be qualified for the post in terms of sufficient knowledge and relevant experience. There is, however, a third consideration which are often overlooked or not considered to be of the same importance as knowledge and experience, and that is soft skills. The rest of this article […]