by Ben Pieters | Apr 11, 2020 | Uncategorized
Does your group still process inter company loans by: consolidating the daily bank balances of group companies into a single bank account on an overnight basis, oroperating a structured inter company deposit & loan business via a finance subsidiary, where group...
by Ben Pieters | Aug 16, 2017 | Uncategorized
www.ifrs.org: “Our mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global...
by Ben Pieters | Aug 16, 2017 | Uncategorized
Expansion Of Banks’ Power to Hold Funds on Suspicion Of a Tax Offence Section 190(5A) of the Tax Administration Act, 2011 requires a bank to immediately report to SARS if it has a reasonable suspicion that the payment of an amount is related to a tax offence. Then, if...
by Ben Pieters | Aug 15, 2017 | Uncategorized
Company Records required to be maintained In terms of Section 24 of the Act, each company registered in South Africa must keep the following: a copy of its Memorandum of Incorporation (MoI); all amendments to the MoI and any company rules since the date of...
by Ben Pieters | Feb 16, 2016 | Uncategorized
The PoPI Act and your business The Protection of Personal Information Act was signed into law in November 2013, and certain sections of the Act became effective during April 2014. The date from when the entire Act becomes effective must still be announced. Read more...
by Ben Pieters | Sep 23, 2015 | Uncategorized
Non-executive directors: King III: Is there really a flaw in King’s board formula? I am intrigued by Shonisani’s view that “having more non-executives on the board doesn’t mean you will do better. What’s really important are the skills, experience and...
