Category Archives: Finance

Managing your finances after a pay cut

Strategies to somehow stay afloat facing a dire financial future: Interview with John Manyike from Old Mutual. NOMPU SIZIBA: The Covid-19 pandemic and associated lockdowns have seen economies the world over suffer great economic hardship, with businesses losing revenue and some staff losing their … Continue reading

Posted in Finance | Tagged , , | Comments Off on Managing your finances after a pay cut

Cars, pets and summer holidays

The missing piece in many personal budgets. Having a budget is one of the most useful ways to stay in control of your finances. It not only helps to keep your spending below your income, but also allows you to … Continue reading

Posted in Finance | Tagged , , , , | Comments Off on Cars, pets and summer holidays

Belastingbeplanning: Minder ja, maar nie niks nie

Belastingbeplanning is noodsaaklik om te verseker dat jou welverdiende Rande, binne alle wette en regulasies van die Suid-Afrikaanse Inkomstediens en die Inkomstebelastingwet, te rek vir die nabye toekoms maar ook vir jou goue jare. Dit is ‘n gegewe dat almal iewers belasting sal … Continue reading

Posted in Finance | Tagged , , , , | Comments Off on Belastingbeplanning: Minder ja, maar nie niks nie

The relationship between audit quality and audit fees

Due to recent high-profile corporate failures in South Africa, questions are being asked about the relationship between auditor independence, the amount of fees and audit quality. There is a perception in various circles that lower audit fees equate to lower … Continue reading

Posted in Finance | Tagged , , , , , | Comments Off on The relationship between audit quality and audit fees

How technology is influencing the financial world

Accounting has moved from pen and paper to the cloud, monthly payments can be done through online banking apps, and big purchases like houses and other property can be completed using cryptocurrency. For a business to be successful, it is … Continue reading

Posted in Finance, Technology | Tagged , , , | Comments Off on How technology is influencing the financial world

The difference between having your annual financial statements reviewed as opposed to audited

JOHANNESBURG – With the current state of the national and global economy, companies are trying to better manage their expenses. Audit fees tend to make up a significant portion of a company’s annual expenses and therefore some businesses specifically focus … Continue reading

Posted in Finance | Tagged , , , , , | Comments Off on The difference between having your annual financial statements reviewed as opposed to audited

Too many South Africans are slaves to debt

The country has 25m active credit consumers – and more than 10m are behind on their payments. If you want to know the frustrations associated with being in debt, ask 27-year-old Muzi Mehlala (not his real name). He is over-indebted, … Continue reading

Posted in Finance | Tagged , , | Comments Off on Too many South Africans are slaves to debt

Misconceptions about the roles and responsibilities of the auditor

The public is seeking answers after the spate of corporate collapses and significant financial losses, and auditors have come under intensive scrutiny and criticism. Some believe that this may be due to an expectation gap that has developed between the … Continue reading

Posted in Accounting, Finance | Tagged , , , | Comments Off on Misconceptions about the roles and responsibilities of the auditor

The importance of saving for retirement

Preparing for retirement requires seeing the bigger picture years before it becomes necessary. It should be one of the most important concerns for working individuals, yet many people are not making the necessary provisions for their old age. When you … Continue reading

Posted in Finance | Tagged , , | Comments Off on The importance of saving for retirement

Your payroll administration questions answered

As payroll administrators ourselves, we encounter a few frequently asked questions that employers, business owners or those responsible for payroll administration within organisations struggle with.  Below we have a detailed answer for you on these burning questions you are facing.  … Continue reading

Posted in Finance | Tagged , , , | Comments Off on Your payroll administration questions answered