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News & Views

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Get Your Financial House in Order These Holidays

As 2024 draws to a close, we are reminded of a year that has truly been a roller-coaster for all South Africans. Amidst the challenges of load shedding and the jubilation of the Springboks' triumphant return as world champions, we look forward to a well-deserved break. As we recharge and set our sights on a hopeful 2025, it is crucial to take a moment for one last task this year: a financial health check.

19 Nov 2024 Read more
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Sustainable Agriculture: A Cornerstone of South Africa's Future

Sustainable agriculture practices are gaining traction as a crucial strategy for ensuring the long-term viability of the sector. The World Commission on Environment and Development's (WCED) definition of 'sustainable development' is "development that meets the needs of the present without compromising the needs of future generations to meet their own needs".

19 Nov 2024 Read more
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Strengthening Your Cyber Defences

As cyber-attacks become more sophisticated, the need for comprehensive cybersecurity strategies is more pressing than ever. This article summarizes the common cyber risks, how the attack works and essential steps for transforming weaknesses into strengths.

19 Nov 2024 Read more
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SARS Interpretation Note 15: SARS Updates Guidance on the Exercise of Discretion to Extend the Period to Lodge an Objection or Appeal

The South African Revenue Service (SARS) has issued Interpretation Note 15 (issue 6) on 30 August 2024. Alison Gounden unpacks in detail.

19 Nov 2024 Read more
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Disruptive Technologies and the Internal Auditor

We live in a time when “disruptive technologies” are transforming the business world by reshaping industries, creating new business models and challenging established market leaders.   In 1965, Gordon Moore predicted that “the number of transistors per silicon chip will double every year”. This became a theme for describing the pace of technological change ever since then. Moore’s Law, as it became known, could not, however, predict the impact of major sociological events, such as the Space Race, the Cold War and more recently, the COVID 19 pandemic. It can be argued that these events changed the pace of technological development and accelerated the pace of Moore’s Law.

17 Oct 2024 Read more
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Understanding Purchase Price Allocations in South Africa: A Critical Step in Mergers and Acquisitions

In the fast-paced world of mergers and acquisitions (“M&A”), financial transparency and compliance are non-negotiable. Among the many complexities involved in an acquisition, Purchase Price Allocation (“PPA”) is a vital component that both companies and stakeholders must understand. In this article, we explore the intricacies of PPAs in South Africa, their regulatory framework, and why businesses particularly those listed on the Johannesburg Stock Exchange (“JSE”) — need to ensure they get this right.

17 Oct 2024 Read more
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The Value of Double Materiality in Sustainability Reporting in South Africa

Sustainability reporting has become a crucial aspect of business operations in South Africa and worldwide. It enables businesses to communicate their environmental, social, and governance (ESG) performance to stakeholders, such as investors, customers, employees, and communities. However, traditional sustainability reporting has often concentrated only on the financial impacts of ESG factors on the business. This approach, known as single materiality, overlooks the complete picture of a company's sustainability performance.

17 Oct 2024 Read more
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Introducing the New Legal Sector Code

The South African legal profession has taken a significant step toward promoting equality and transformation with the gazetting of the Broad-Based Black Economic Empowerment (B-BBEE) Legal Sector Code.   This code, aligned with the B-BBEE Act, is set to address the persistent inequalities in the legal profession by promoting the inclusion of black practitioners, particularly women and those from previously disadvantaged backgrounds.

17 Oct 2024 Read more
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Drivers for Demand of Sustainability Information

A study by McKinsey found companies with strong ESG practices outperformed their peers by 7%, provided they also outperformed on the fundamentals.   Several studies have indicated that firms with strong ESG performances tend to benefit from lower capital costs, increased return on investments and reduced risk profiles (Alduais 2023; Fulton, Kahn & Sharples 2012; Garcia, Mendes-Da-Silva & Orsato 2017; Nsibande & Sebasian 2023). For instance, a Morgan Stanley Capital International (MSCI), in an investment research company study, revealed that companies with high ESG ratings outperformed their low-rated counterparts by an average of 4.6% annually, between 2007 and 2017 (Vu, Lehkonen & Junttila 2022).

18 Sep 2024 Read more
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The Importance of Tender Bid Validity

Tender Bid Validity refers to the period during which a bidder's offer remains open for acceptance by an organ of state.   This period is critical as it reflects the period during which the procuring entity must evaluate all bids according to the bid conditions as advertised, and also the period during which the ultimate contract is to be concluded with the successful bidder/s.

18 Sep 2024 Read more
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