Category Archives: Business

How to Improve Risk Management in Your Business

Risk management has become increasingly popular in the past twenty years. It is also a corner stone of good governance. Despite this increased focus, businesses are still being blindsided by events which result in high costs being incurred. Potential problems … Continue reading

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Does “The Company” Still Have A Role To Play?

Concepts the West has taken for granted are now being openly questioned, such as, is liberalism bad, is capitalism flawed, and does the company deliver what it set out to do? These are valid questions and we should re-evaluate these … Continue reading

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AI and the Changing Face of Jobs: Good News if We React Now

“Artificial Intelligence is a tool, not a threat” (Rodney Brooks, Roboticist) There has been fear that the rise of Artificial Intelligence (AI) and robots will considerably reduce the work force. New research concludes that there will be winners and losers … Continue reading

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Directors: Fighting Corruption via Your Social and Ethics Committee

“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a company to set up a Social and Ethics Committee if it is: A listed company A state owned … Continue reading

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Changes Are Coming to The Companies Act – Be Ready for Them

Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important issues are briefly highlighted below. They are of course only proposed changes at this stage, published for … Continue reading

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Surviving a Business Crisis: Consider Your Turnaround Options

“Turnarounds seldom turn” (Warren Buffett) In the life cycle of any business, it will almost inevitably experience a crisis. This is always a very difficult time and it will be a test of judgment and experience how senior management respond. … Continue reading

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Will the 21st Century Really Be Africa’s Time to Flourish?

“We really need to have a third wave, and it needs to happen in sub-Saharan Africa” (Bill Gates) Two factors often cited as to why “Africa’s time is coming” are: Demographics – the huge populations of India and China are … Continue reading

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Corporate Governance in a Time of Complexity and Crisis

Events have moved swiftly in recent years. One of the largest South African conglomerates, Steinhoff, has virtually collapsed amidst allegations of dubious structures and transactions. Some of our largest state companies have it seems been ravaged by state capture whilst … Continue reading

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Small and Medium-Sized Businesses: How to Stay Healthy and Profitable

Today getting an SME going is incredibly difficult as they face enormous red tape (FICA, getting loans, VAT registration and so on) and have difficulty getting access to money as financial institutions prefer funding large corporates where, for a similar … Continue reading

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Companies: “XBRL” is Coming Soon. What is it and Are You Affected?

The Companies and Intellectual Property Commission (CIPC) will from 1 July 2018 require that all Annual Financial Statements (AFS) submitted to the CIPC be in eXtensible Business Reporting Language (XBRL) format. What is XBRL and what are its benefits?  It … Continue reading

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