Category Archives: Business

The new auditors report is coming – how will it affect you?

The single most important document released by auditors is the auditor’s report, which appears in the audited annual financial statements. The so-called new and revised auditor reporting standards are effective for audits of financial statements for periods ending on or … Continue reading

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PAIA manuals: Another last minute extension

“Procrastination is the thief of time” (Edward Young, 18th c. poet) If your business is one of those (mostly smaller – see below) businesses temporarily exempted from lodging your PAIA manual until 31 December 2015, you will be happy to … Continue reading

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When should you outsource?

SMEs (Small and Medium-sized Entities) go through many cycles, one of which is figuring out how to get their business to the next level. As your business grows you face an increasing need for specialised skills which are either unavailable … Continue reading

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Cyber-crime: It is getting worse

Cyber-crime is continually on the rise and it is now taking on a particularly sinister turn. Recent media reports refer to organised crime syndicates that are hijacking databases of companies and demanding ransom for the return of their database. This happened … Continue reading

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Debt prescription relief for consumers

“Debt, noun. An ingenious substitute for the chain and whip of the slave driver” (Ambrose Bierce) We are all aware how consumer debt has risen in the past several years, especially for the lower paid and poorer sections of the … Continue reading

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Exchange control amendments with effect 1 April 2015

In the recent budget review it was stated that rules and conditions continue to be modernised to attract investment and enable South African organisations to expand internationally, particularly into Africa. To this end the exchange control manual is being simplified … Continue reading

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MGI Bass Gordon GHF: Family office

MGI Bass Gordon GHF, together with Legacy Money Market and Portfolio Bureau offers a Family Office service. It caters not only for individuals, but also to small and medium-sized owner-managed businesses that have no need for a full-time financial accountant. … Continue reading

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Debtor financing: A great way to finance your SME in 2015

Many small and medium sized businesses (SMEs) experience ongoing cash flow difficulties which are a major obstacle to growth. Without adequate funding, it is impossible to build a platform to competitively supply the market and become a sustainable enterprise. What … Continue reading

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The obligation to provide access to certain information about your business

The Promotion of Access to Information Act (the Act or PAIA), No 2 of 2000, was enacted in an effort to foster a culture of transparency and accountability in the public and private sector. It gives effect to the constitutional … Continue reading

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