Author Archives: admin

Tax Clearance Certificate being terminated

The issuing of the printed Tax Clearance Certificate (TCC) will be terminated after 25 October 2019, as we are fully implementing a more secure and electronic Tax Compliance Status (TCS) system. Since the implementation of the TCS system in 2015, … Continue reading

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Your shareholder agreement versus your Memorandum of Incorporation – There is only one winner

Shareholder agreements usually form the backbone of shareholder relationships as they govern, for example, how shareholders sell their shares, how shareholder disputes are settled and the type of authority required for certain transactions. The Companies Act makes it clear that: … Continue reading

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Be ready for SARS employee audits

“Forewarned is forearmed” (Wise old saying) SARS is having trouble meeting its revenue targets and this is clearly putting enormous pressure on the South African economy. Further economic deterioration in the economy will probably result in a downgrade to junk … Continue reading

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Communicate with candour – the “Oracle of Omaha” speaks

“The CEO who misleads others in public may eventually mislead himself in private” (Warren Buffett) Companies that are sustainable in the long term are honest with themselves and with all the businesses’ stakeholders. The starting point is candour If you … Continue reading

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Spying on employees is becoming a big industry

In a recent UK survey 72% of employees felt that their employers were eavesdropping on them. Gathering information on employees is now a multibillion dollar industry and is continuing to grow as more sophisticated technology is launched. Why are employers … Continue reading

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The big mac index says the rand is way undervalued

“Our results indicate that the Big Mac Index is surprisingly accurate in tracking exchange rates over the long-term, which is consistent with previous PPP research findings” (ScienceDirect) For decades the Economist has been publishing its Big Mac Index to give … Continue reading

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If artificial intelligence is not that intelligent, should we be worried about our jobs?

“Real stupidity beats artificial intelligence every time” (Terry Pratchett) Artificial Intelligence (AI) is being rolled out in many guises throughout business. One instance of this is voicemail with some amusing results. One person recalls getting a voicemail message which said … Continue reading

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Don’t let a death or disablement destroy your business

The greatest need in many small businesses is for cash flow. Picture this scenario: Three people start a business and after a few years it is beginning to make profit – in a year it will go cash positive. One … Continue reading

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Youth Employment Tax Incentive Extended for Ten Years

There is chronic unemployment in the country and it is especially felt by the youth where up to 50% cannot find a job. The Employment Tax Incentive (ETI) is designed to encourage companies to employ “youths” (between the ages of … Continue reading

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