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Skills required by financial directors

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The roles and responsibilities of financial directors have changed dramatically over the last decade

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New CIPRO requirements

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According to articles published in newspapers such as Business Day, Rand Daily Mail and the Sunday Times in September 2010, a company was hijacked by exploiting a weakness in the CIPRO system that deals with the appointment and resignation of directors in a company.

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Investing offshore

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In response to an announcement by the Minister of Finance – that the foreign capital allowance for private individuals resident in South Africa was increased to R4 million per resident per annum – many clients have made offshore investments.

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Basic principles for employee privacy

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Once the Protection of Personal Information Bill has been passed, employee privacy will be protected by certain rules.

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Donate blood

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“Save a life; donate blood”. Every 3 months the blood bus parks in front of our offices at Parc du Links, Somerset West. Our aim is to make our clients aware off the fact that with a little effort from yourself, you can save a life. The next date is scheduled for 8 March 2011.…

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Disclosure of exchange control violations

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In addition to the Voluntary Disclosure Programme available to tax payers – the so-called Tax VDP – the Minister of Finance announced a voluntary disclosure programme for regularising the exchange control affairs of current and former South African residents.

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Unit trust retirement annuities

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No initial product fees and a simple flat annual administration fee make the new unit trust retirement annuities (RA) one of the most cost-efficient ways to save for retirement.

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The Brummeria decision

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The decision of the Supreme Court of Appeal in the case of SARS v Brummeria Renaissance (Pty) Ltd and others (2007 SCA 99, 69 SATC 205) is well known.

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Alternative Risk Solutions

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The popularity of self insurance or Alternative Risk Transfer (ART) is increasing amongst businessmen and companies on a world wide scale, because of the unique benefits it provides to clients.

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Diversification adds value

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The current bear market is turning into a once-in-a-few-lifetimes event! Most economic modelling has failed due to the extremity of this event, which shows significant similarities to the 1929 and 1960s periods.

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