Many companies are finalising their financial statements for the year ended 28 February 2009, while previous exchange control approvals for local borrowings by ‘affected persons’ expire on 31 August 2009.
In an interpretation note of November 2009, SARS provided a schedule of depreciation write-off periods applicable to all types of machinery and equipment.
In his recent budget speech, the Minister of Finance proposed no material changes. The budget does, however, plot the course back to fiscal sustainability without sacrificing important government programmes and derailing the economic recovery.
A document entitled Draft Regulations to the Companies Act of 2008 was issued in December last year and contained guidelines on whether a company should be audited or not.
With the implementation of the Consumer Protection Act (Act 68 of 2008) in April 2010, businesses will have to trade under their registered names.
As part of a new strategic alliance between Exceed, Pam Golding Hospitality and other prominent service providers, a newsletter with interesting information on investing in the hospitality industry is published bimonthly.
Recent publicity regarding the removal of the chief executive officers of Escom, Armscor and Athletics South Africa (ASA) once again placed the duties and liabilities of company directors in the spotlight.
Signed by the President in April, the Consumer Protection Act (COPA) is now officially law and will come into full force on 29 October 2010.
Have you ever considered replacing the electrical geysers of your B&B with a more energy-efficient alternative such as solar energy but have been discouraged by the substantial capital expenditure?
The long-awaited Tourism Sector Code on black economic empowerment has been effective since 22 May 2009.