October 31, 2023
Six nasty hidden pitfalls that hammer your investments PERFORMANCE FEES are becoming an increasingly popular method of charging among asset managers—but there are nasty hidden pitfalls in calculations that can cost investors dearly. A growing number of asset management companies are turning to performance fees as an alternative to fees as a percentage of assets under management. The latter can be a lucrative and easy way for investment professionals to make loads of money for doing very little to outpace the market. While 2% of an investment may seem like a small figure to pay for the services of a […]
October 31, 2023
One aspect that is often not considered in great detail during the formation and registration of a juristic person in South Africa is its registered office, also often referred to as its registered address. Parties often opt to use a convenient location as a company’s registered address and do not give it sufficient consideration when registering a company or when moving a company from one location to another. This article will briefly consider the legal requirements relating to a company’s registered office. The Companies and Intellectual Property Commission (CIPC) has done a great deal to streamline the processes which it […]
October 19, 2023
There’s a compulsory threshold, but there may be advantages to voluntary registration. Value-added Tax (VAT) registration is a crucial obligation for businesses operating in South Africa. Knowing when to register for VAT is essential to comply with tax laws and avoid penalties. This article discusses the circumstances under which businesses must register for VAT in South Africa, the registration process, and the benefits and responsibilities that come with VAT registration. When you are required to register for VAT: Businesses are required to register their taxable supplies with SARS as a VAT vendor, which include both goods and services that exceed […]
August 15, 2023
In a world where adaptability is the key to survival and prosperity, organisations across various industries are striving to stay ahead of the curve. Economic and societal volatility, coupled with evolving market dynamics, have spurred businesses to find innovative ways to meet their objectives while navigating an ever-changing landscape. An essential strategy in this quest for resilience and competitiveness is integrating technology seamlessly into every business function. The Essence of Doing More with Less: Today, businesses are increasingly prioritising efficiency, seeking ways to maximise output while minimising resource utilisation ─ in essence, doing more with less. This concept goes beyond […]
June 13, 2023
To thrive in South Africa’s ever-changing economic landscape, it is crucial to have a thorough understanding of your regulatory responsibilities, including compliance with the Financial Intelligence Centre Act (FICA). Recognised not just as an additional requirement to your current protocols, but rather as a fundamental component in upholding your business’s integrity, FICA ensures transparency and diligence in your financial operations. One of FICA’s central requirements is appointing a compliance officer responsible for anti-money laundering (AML) and combatting the financing of terrorism (CFT). This individual, formally appointed by senior management or the board of directors, ensures adherence to FICA’s protocols within […]
March 16, 2023
When operating a small business, there are so many important daily tasks to remember—especially if you are also the business owner. Your day is most likely jam-packed with numerous to-do lists and other miscellaneous tasks that need completing. When your day is filled up like this, sometimes the last thing you want to do is think about your finances. Often, a lot of business owners find this task stressful and confusing, and they don’t even know where to begin. However, organisation of your finances is key when running a small business, as it will keep you aware of your present […]
February 24, 2023
The Institute of Directors in South Africa (IoDSA) lays out five key trends for boards and directors to focus on in 2023. Boards need to begin planning their agendas for 2023 to ensure that they are on top of these trends—and that their members have the requisite skills to fulfil their duties. Short-sightedness is one of the most damaging traits in directors, so companies must ensure that directors have the knowledge and skills necessary to embrace these trends, and create a sustainable future for the company. The five disruptive trends are: Less time, more pressure Businesses have to respond fast […]
February 24, 2023
How to overcome ‘change fatigue’ and create a winning working environment Let’s be honest – we’re all tired. The truth is that fatigue is a very common feeling for most of us by the time December rolls around, as we deal with a year’s worth of pressure in addition to the demands of always being available and having to respond instantly. This has blurred the lines between our work and home life, causing a tiresome imbalance. In the workplace, our fatigue levels have been compounded by several changes that have been made since the pandemic, often implemented in haste and, […]
December 15, 2022
Six nasty hidden pitfalls that hammer your investments Performance fees are becoming an increasingly popular method of charging among asset managers—but there are nasty hidden pitfalls in calculations that can cost investors dearly. A growing number of asset management companies are turning to performance fees as an alternative to fees as a percentage of assets under management. The latter can be a lucrative and easy way for investment professionals to make loads of money for doing very little to outpace the market. While 2% of an investment may seem like a small figure to pay for the services of a […]