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Audit Committees Vital to Increasing Clean Audits in Public Sector

28 August 2013 BUSINESS ESSENTIALS

The Public Sector Audit Committee Forum has reacted strongly to the Auditor-General Consolidated General Report on the Audit Outcomes of Local Government 2011-12. The report shows that local government has actually lost ground, with only 48 percent of audited organisations able to obtain an unqualified audit opinion and most of them only by correcting the mistakes identified during the audit…

Call for Simplification of Laws to Solve Municipal Entities’ Governance Challenges

28 August 2013 BUSINESS ESSENTIALS

22 November 2013 Municipal entities—utilities owned by municipalities that deliver services like water, power and sanitation, or provide for economic and social development in communities—pose a set of governance challenges for local government. However, underlying these challenges is a legislative framework that is unnecessarily complex. “One of the main challenges faced by municipal entities—and local government generally—is the plethora of…

Unethical Behaviours Declines in the Private Sector

28 August 2013 BUSINESS ESSENTIALS

South African Business Ethics Survey shows positive developments in ethics management 22 November 2013 There has been a marked decrease in the instances of misconduct observed by private sector employees in South Africa. This is one of the positive findings of the South African Business Ethics Survey (SABES) 2013 in which 4099 employees in 15 companies were surveyed.  The survey…

3 Keys to Making Better Data Driven Decisions

28 August 2013 BUSINESS ESSENTIALS

The competitive edge you' re looking for can be found in your company' s data. Yet, surprisingly, 61% of businesses and IT executives admitted their small or midsize company makes critical business decisions without relevant information or quality data. Key #1 to data visibility: Align your business activities with your corporate strategy. See how, watch the video http://www.youtube.com/watch?v=lFPSuixT4BA&feature=c4-overview&list=UUuQ26p2p-l7xLnJMF2MjuoA Key #2…

Telltale Signs You’ve Outgrown Your Current IT Systems

28 August 2013 BUSINESS ESSENTIALS

How to know you've outgrown your current IT systems Integration hassles, rigid processes and reporting headaches are all growing pains you can avoid. The trick is recognizing the signs of an IT system that no longer fits your changing business – and replacing it with one that does. Learn the must-have features your system should have to help you save…

Customer Retention

28 August 2013 BUSINESS ESSENTIALS

In today's challenging business climate, your competition is more interested than ever in taking your customers. You know it's more cost effective to keep your current customers than find new ones. But what tips and tools can you leverage to set you apart from everyone else? If you want five strategies for getting to know your customers better, download this…

Professional Accountants Play Essential Role in Small Business Sustainability

28 August 2013 BUSINESS ESSENTIALS

27 September 2013 Small and medium enterprises (SMEs) are the engine of most African economies, yet the majority do not survive to celebrate their fifth anniversary, according to the South African Institute of Professional Accountants (SAIPA). Accounting services are the key to sustainability, says Navin Lalsab, Accreditation, Compliance and Development Executive of SAIPA. “Professional accountants have a vital role to…

Guidance for Micro-Sized Entities on Globally Recognized Reporting Standards

28 August 2013 BUSINESS ESSENTIALS

27 September 2013 Micro enterprises are a backbone of the South African economy, and need all the help they can get. One of the barriers they face is the need to produce credible financial statements that will help them plan, successfully apply for finance and even attract investors. While most do maintain accounting records of some sort, either manually or…

Why CA (SA) Spells “Success”

28 August 2013 BUSINESS ESSENTIALS

The debate on a career path has always been on whether to choose a career path for job satisfaction or for monetary reward. The debate also begs the question: Can I get both monetary reward, as well as job satisfaction and the answer, is a very firm yes. Research revealed that the South African businesses needed 22 000 qualified accountants.…

Disability is Not Taxing

28 August 2013 BUSINESS ESSENTIALS

Leigh Burton was always encouraged by her parents, regardless of her hearing disability, to complete a degree that would enable her to support herself and allow her as a woman to be financially independent. Her career of choice was that of a Chartered Accountant [CA(SA)]. Leigh always saw how much her father enjoyed his career and this also motivated her…

Mathematics Thought Leadership

28 August 2013 BUSINESS ESSENTIALS

It is clear that Mathematics underpins the economy as well as science and technology. This is evident when one is able to see that disciplines in Engineering, Mining, Computers and computing and other such areas have mathematics as a firm prerequisite. According to a Mail & Guardian article (http://mg.co.za/article/2011-04-04-teachers-maths-problems-just-dont-add-up), one of the problems is that the teachers are not adequately…

TBF Donors- Changing the Landscape of South Africa

28 August 2013 BUSINESS ESSENTIALS

Johannesburg, Friday, 31 May 2013 On Friday 31 May the Thuthuka Bursary Fund (TBF) donors were acknowledged for their support for this initiative since its inception in 2005. Guest speaker Yusuf Ambramjee, Head of News and Current Affairs at Primedia Broadcasting and Head of Communications for the Primedia Group, complimented the Thuthuka programme as an empowerment programme that will make…