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.
Considering the validity and relevancy of one’s will on a regular basis is of crucial importance.
A study conducted in the USA provided a comprehensive analysis of fraudulent financial reporting. Some of the key findings may also apply to businesses in South Africa.
Die rente wat Suid-Afrikaners uit bronne in Suid-Afrika verdien, word in sekere gevalle van belasting vrygestel om besparing in die middel en laer inkomstegroepe aan te moedig.
When offshore funds are introduced to South Africa and the funds represent a loan to a resident, Reserve Bank approval is required to introduce the funds.
Die bevindings in ’n inkomstebelastingsaak wat onlangs gepubliseer is (ITC 1840), het opnuut bevestig hoe belangrik dit is dat die bepalings van ’n trustakte reg bewoord word en dat die trustees binne hierdie bepalings optree.
“I have seen many, if not most, risk management processes fail within the first year,” declared Louw van der Merwe.
The recent financial crisis has served to emphasise the value of proper information management, and the failure of some organisations to do just that.
One of the key risks facing organisations worldwide is the challenge of adhering to relevant laws and regulations.