Here’s some good news on a win/win/win scenario for businesses (big and small), young work-seekers, and South Africa generally. Everyone will be happy to learn that government’s initiative to encourage increased youth employment, the Employment Tax Incentive or ETI (commonly also referred to as the “Youth Employment Tax Incentive”), has now been extended for […]
Youth Employment Tax Incentive Extended for Ten Years Read More »
What happens when a company’s board is deadlocked to the extent that directors can no longer agree on the decisions vital to the proper running of the company and its business? If all else fails (and this is usually a last-prize option), liquidating the company and placing it into the hands of independent liquidators may
Directors at war and the liquidation option – A tale of sibling rivalry Read More »
When a company goes into business rescue, creditors are often in for a beating. So as a creditor, if you had the foresight to cover your position upfront with personal suretyships from individuals with assets (normally the directors of the debtor company), you will no doubt be keen to recoup your losses by calling in
“Untold Wealth: That which does not appear on income tax returns” (Anonymous) “Tax Freedom Day” is the first day of the year that we South Africans (as a whole) have earned enough to pay off the Tax Man and to finally start working for ourselves. It arrived this year on 18 May. That’s five days
Tax freedom day 2019 has arrived! Read More »
Running a business brings many rewards, but also a host of risks and challenges. One of the more common of those is internal fraud. It can devastate your business and its reputation, undermine staff morale and jeopardise relationships with your suppliers, your investors and the compliance authorities. The danger is that it can happen to
How you can detect fraud in your business Read More »
Each year, BGR’s social committee choses an organisation in need of support. Support means spending time, or making a financial contribution – the directors always match the amount raised. For the second year in a row, staff visited the Sean Kelly Centre (Association for the Sensory Disabled). Last year staff painted the jungle gym, this
We all know that our economy needs a major boost. Business Confidence is down again, and last year’s mood of optimism is rapidly fading. The silver lining is that if we can just turn those trends around and start on a path of increasing economic activity, both jobs and a rise in GDP will follow.
QUICK WINS TO GET OUR ECONOMY GOING AGAIN Read More »
As a director, you are held by the Companies Act to high standards of conduct, not to be taken lightly. Now the CIPC, despite often being perceived as having no more than an administrative and recording function, is showing that it has teeth and that it will use them. We look at how the CIPC
THE CIPC IS TAKING ON WRONGDOING BY DIRECTORS – A R4.3BN EXAMPLE Read More »
What causes dishonesty in businesses? It’s an important question, with one survey showing that a whopping 41% of staff in a particular company had observed unethical behaviour over a 12 month period. That despite the common perception that most people are inherently honest. Of course a lack of ethical or unlawful conduct is the last
COMPANIES: DON’T INADVERTENTLY ENCOURAGE UNETHICAL BEHAVIOUR Read More »
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 become that people and banks now talk about “being FICA’d”. The outcomes of FICA before
FICA: Will the Revised Act Still be a Four Letter Word? Read More »
