A vigilant internal audit program

A company must implement a vigilant internal audit program. This article was recently posted on the Talk2Us.net website and is repeated here in full for our readers. This view is expressed by Michael Volkov, a seasoned internal auditor. We all know colleagues who...

Cancelling a contract

By not following the prescribed procedure in cancelling a contract can land you in trouble. In the recent case of Datacentrix (Pty) Limited (“Datacentrix”) v O-Line (Pty) Limited (“O-Line”), the South African Supreme Court of Appeal (“SCA”) had to determine whether an...

Eskom has no money to buy diesel

It’s not even the end of November 2022 and Eskom has run out of funds to buy diesel. To add injury to insult, it also has no intention to do so until 1 April 2023 – its new financial year – unless it obtains funds from the Government! What a complete...

Compliance is expensive – try non-compliance

If you think compliance is expensive – try non-compliance. Most small businesses treat compliance as a secondary function with little consideration of the consequences.  This approach is fraud with danger.  It reflects a naive and narrow view of corporate...
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