Finserv Insights

As the Year Draws to a Close!

Monday, December 10th, 2012
The end of another year that has literally flown by! I know that older folks always used to say that time flies as you get older, but I don’t know – I hear younger folk saying the same things these days.  Clearly, we still have the same time available, but I think it’s how we crowd that time out that makes the difference.  We feel we don...Read more

Is Business Rescue being used as intended?

Tuesday, October 16th, 2012
South Africa has recently received its second sovereign credit rating “downgrade”.  If businesses are going to be struggling within this economic climate it will mean lower revenue for the state, which in turn will mean that the state will be unable to fund its development/infrastructural plans, which means that unemployment will probably incr...Read more

Reporting and Auditing Requirements under the new Companies Act.

Friday, October 5th, 2012
The new Companies Act 2008 provides clear guidelines for companies and close corporations with regard to the preparation and review of annual financial statements.  In many cases, notably those of small to medium sized entities, the requirements have changed quite significantly. Under the old Act, all companies were required to have an independ...Read more

Looking ahead at Business in South Africa

Friday, July 20th, 2012
I’m not normally into writing with a political edge, but there has been a big media buzz around ‘major changes’ in economic policy, and a lot of rhetoric about nationalisation from some of the more influential role players in our society of late.  There are lots of musical chairs being played by some of the more visible politicians of late ...Read more

Registration of Business names and Addresses

Monday, July 2nd, 2012
There have been a number of recent developments at CIPC – the Companies and Intellectual Property Commission – which will tend to affect businesses of all kinds. REGISTRATION OF A BUSINESS NAME In the past, the only time you were required to register a business, or trade name, was if the business was to be owned by a company or a close co...Read more

So much to do, So little time!

Monday, March 26th, 2012
We’ve all heard that little question: “How do you eat an elephant?”, and the answer, “One bite at a time!” Well, no one ever eats an elephant (unless you’re a hungry poacher), so it’s not that relevant to daily life for most of us; yet – it makes logical sense, doesn’t it! Some years ago, I wrote an article on time managemen...Read more

Future Prospects?

Monday, February 13th, 2012
I came across some interesting perspectives on the future world of work in a recent blog from - some interesting and challenging projections of what the global business arena will look like in 12 to 40 years time.  Clearly, one is never sure of this but some of the projections do make a lot of sense, given what we’ve experience...Read more

Looking Ahead with Thanks!

Friday, December 9th, 2011
The year 2011 is nearly done! For some, it has been a very good year; for others – well, I’m sure they hope it won’t be repeated! 2012 has been forecast by many to be a very significant year, internationally, from a business point of view.  Some years back, I read a prophetic view by Robert Kiyosaki – the author of the Rich Dad, Poor...Read more

Alert – Promotion of Access to Information Act. (PAIA)

Wednesday, November 30th, 2011
Some years ago, there was a huge rush to create Section 51 PAIA Manuals in order to comply with the deadline laid down by government. We, at FINSERV, acting on behalf of clients, spent huge amounts of time assisting clients with this, only to have the whole process “moth-balled” by a moratorium.  It would seem that this has raised its head ...Read more

Innovation – Essential in today’s economy.

Tuesday, October 18th, 2011
If you’ve been in business for a while, you will (hopefully), from time to time, have sat back and thought about your business; about what you make or sell and how you do it; about your customers and how to grow that base; about how best to utilise your employee skills.  Some of you may even have gone to the extent of having a formal strategy se...Read more