Category Archives: Business

HOW TO PRACTISE GOOD BUSINESS

The Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practises in South Africa. This is not a uniquely South African problem, the world is plagued by scandals of corruption … Continue reading

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END OF FINANCIAL YEAR GOALS FOR BUSINESS OWNERS

Provisional Tax Deadline: 28 February The second provisional tax deadline for submission and payment is due on 28 February. Make sure that your final tax planning for the financial year has been done and that your cash flow is in … Continue reading

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7 PITFALLS TO AVOID WHEN SETTING UP A CASH FLOW FORECAST

Sometimes small businesses think proper financial management is better left for the Fat Cats and industry giants. No matter the size or age of your business, cash flow forecasting and budgeting is key to its success. Here are seven don’ts for setting up your business … Continue reading

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KEEP YOUR BUSINESS GROWING

Having a successful business means ensuring that it continues to grow. Without growth, your business will eventually run dry and stagnant. But with the added responsibility of maintaining your business and keeping things running smoothly, it can be difficult to … Continue reading

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ACCOUNTING: BEST PRACTICES FOR SMALL BUSINESSES

When it comes to looking after the welfare of a business, accounting tops the list as being the most important. Without proper accounting, a business runs the risk of losing everything. The following are a few best practices that are … Continue reading

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FIVE TIPS FOR MANAGING YOUR SMALL BUSINESS PAYROLL

Payroll is typically the number one concern for many small business owners worried about getting it right. But it needn’t be difficult – here are 5 top tips to make payroll easier. Know your big deadlines Dealing with accounting deadlines … Continue reading

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Board members can be held accountable for company losses

The recent resignation of Eskom board chairperson and non-executive director, Ben Ngubane, has once again shone a spotlight, not only on governance at the embattled power utility, but also on the role board members and directors play in their respective … Continue reading

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SO, YOU WANT TO START A BUSINESS? FIRST CONSIDER THE FOLLOWING FACTORS

Often people say wistfully “I wish I had my own business”. Some of them take it further and decide what kind of product or service they will offer. A last few go as far as putting pen to paper to … Continue reading

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REMOVING DIRECTORS OF A COMPANY

The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the authority to exercise all of the powers and perform any of the … Continue reading

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FINANCIAL ASSISTANCE TO DIRECTORS

A company lending money to its directors may not be as simple a process as it may initially appear to be – not even in the case of so-called “one-man” companies. There is various requirements in the Companies Act, 71 … Continue reading

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