-
Recent Posts
Archives
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- January 2016
- December 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- January 2012
Categories
Category Archives: Finance
Directors: The Potential Liabilities You Face When Issuing Shares
In the life cycle of your company there will be times when you need to recapitalise the business. When would you need to issue shares? A basic requirement of the Companies Act (the Act) is that the company remain a … Continue reading
Posted in Finance
Tagged Companies Act, Directors, Shares
Comments Off on Directors: The Potential Liabilities You Face When Issuing Shares
Interest Rates in 2019 – Which Way Will They Go and Why?
“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic commentators react favourably to interest rate decisions of the Monetary Policy Committee (MPC). The Reserve Bank, which houses the … Continue reading
Posted in Finance
Tagged Economy, Interest Rates, MPC
Comments Off on Interest Rates in 2019 – Which Way Will They Go and Why?
The Medium Term Budget Speech and the Rating Agencies – Danger in December
The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The MTBS is a three year outlook for the government budget and was introduced by Trevor … Continue reading
Box Clever With Cash When You Retire
“The question isn’t at what age I want to retire, it’s at what income.” George Foreman There are many things to consider when you retire. One thing to be careful of is the amount of money you cash in from … Continue reading
Posted in Finance
Tagged Business, Debt, Retirement savings
Comments Off on Box Clever With Cash When You Retire
VAT Increase and Accounting Systems
As you are aware, the National Treasury announced an increase in Value Added Tax (VAT) from 14% to 15% effective 1 April 2018. We urge you to ensure that your accounting systems are set up to process transactions at the … Continue reading
Posted in Finance
Tagged Increase, National Treasury, VAT
Comments Off on VAT Increase and Accounting Systems
Allowable Stock Deductions: Hopefully Less Tax, Less Admin
George, the CEO of a company, was driving with his Finance Director, James, to a meeting. George had learned of a recent Tax Court case around stock values and was curious to know more. “James what does this stock case … Continue reading
Bitcoin: Is A Bubble Driving Up The Price?
“A bubble is an economic cycle characterized by rapid escalation of asset prices followed by — a massive selloff.” (Investopedia definition) You come home from work one day and see your next door neighbour off-loading an expensive flat-screen T.V. He tells you … Continue reading
Running on Empty: Is Our Downgrade to Full Junk Status Coming?
To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister of Finance will present the Medium Term Budget Framework (MTBF). Ratings agencies will closely … Continue reading
Posted in Finance
Tagged Budget, Finance, Pravin Gordhan
Comments Off on Running on Empty: Is Our Downgrade to Full Junk Status Coming?
FICA: Will the Revised Act Still be a Four Letter Word?
The Financial Intelligence Centre Act (FICA) has been operating since 2001 but lately has been revised to bring it into line with global practices and to sharpen its focus of fighting money laundering and terrorism financing. So common has FICA … Continue reading
Posted in Finance
Tagged Financial Intelligence Centre Act, New account, South Africa
Comments Off on FICA: Will the Revised Act Still be a Four Letter Word?
In The News Again: Mandatory Audit Firm Rotation
Recently the head of the IRBA and the Finance Minister announced that this would commence on 1 April 2023. There has been a backlash to this by prominent bodies such as the King Committee, the Institute of Directors and the … Continue reading