Category Archives: Uncategorized

Junk Status Is Now a Reality – How Will It Affect Us?

Events have moved swiftly – on 31 March the Minister of Finance and the Deputy Minister were axed. Ratings agencies Fitch and S&P downgraded South African debt to junk status the next week. Why the muted response? In December last … Continue reading

Posted in Uncategorized | Comments Off on Junk Status Is Now a Reality – How Will It Affect Us?

Be prepared as government takes aim at trusts

“Let me tell you how it will be There’s one for you, nineteen for me ‘Cos I’m the taxman, yeah, I’m the taxman” (The Beatles – ‘Taxman’) For many years government has been hostile to trusts. In the latest draft … Continue reading

Posted in Uncategorized | Tagged , , | Comments Off on Be prepared as government takes aim at trusts

Directors: Watch out for secret profits and conflicts of interest

Picture this scenarioYou have a senior manager who is deemed to be a “prescribed officer” – in other words a senior employee deemed by the Companies Act to have the duties, responsibilities and liabilities of a director. You discuss with … Continue reading

Posted in Uncategorized | Leave a comment

What is slowing the growth of the sme sector? See the saica survey results here

Red tape, lack of funding and compliance with legislation continue to be the main challenges faced by most Small Medium Enterprises (SMEs) in South Africa – according to a latest survey conducted by the South African Institute of Chartered Accountants … Continue reading

Posted in Uncategorized | Leave a comment

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 affective for audits of financial statements for periods ending on or … Continue reading

Posted in Uncategorized | Leave a comment

Trustees: The new tax return form – take advice now!

Towards the end of last year, SARS introduced a new IT12T tax return form for trusts. For the current tax year these need to be completed in full. The return needs be lodged on or by 29 February 2016. Trustees … Continue reading

Posted in Uncategorized | Leave a comment

The Supreme Court of Appeal rescues business rescue

“….. a stratagem involving a wholly undesirable exploitation of legal technicalities for their own advantage” (Court’s comment on the conduct of the directors in the case below) Business rescue was one of the new features of the 2008 Companies Act … Continue reading

Posted in Uncategorized | Leave a comment

SMEs: Should you build an app for your business?

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new” (Socrates) Applications (apps) have been topical since the rise of the smartphone. For many small and medium sized businesses … Continue reading

Posted in Uncategorized | Leave a comment

“Life behind bars”

This has been yet another cycling year for Logista employees. Logista had two teams competing in the annual 265km Sani2C mountain bike race in May this year and twenty Logista staff members participated in the Beeld Children’s Fund Spinnathon in … Continue reading

Posted in Uncategorized | Leave a comment

The women’s walk to freedom

As the sun rises on the 29th of August 2015, so does the excitement all over our beautiful Pretoria. It’s a pink pink here and a pink pink there. Here a pink there a pink everywhere a pink pink. The … Continue reading

Posted in Uncategorized | Leave a comment