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SA Corporate Treasurers urged to invest surplus cash on balance sheets

Commentary from the Financial Convention for Chief Financial Officers and Finance Directors in Durban yesterday   DURBAN, South Africa: In a challenging, low yield environment, South African treasurers are under increasing pressure to find new and innovative ways in which to manage companies’ ...
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Momentum growing for better public accounting

PwC surveys central governments in 100 countries   Worldwide, governments are increasingly taking steps to improve their accounting and achieve greater transparency – amidst growing recognition that the accounting framework traditionally used by the public sector isn’t fit for the ...
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Africa Domain Name System Forum to be held in Durban, South Africa, 12-13 July 2013

Co-organized by the Internet Society, AfTLD, and ICANN, Forum will bring together registries, registrars, experts and policy makers to foster cross-border collaboration   Durban, South Africa - The Africa Domain Name System (DNS) Forum will be held on 12 - 13 July 2013 in Durban, South Africa ...
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Law Society concerned at Parliamentarians’ inappropriate questioning of Public Protector

The Law Society of South Africa (LSSA) expresses its concern at the recent tone of the questioning of the Office of the Public Protector by members of the Portfolio Committee on Justice and Constitutional Development. ‘South Africa is a constitutional democracy and not a parliamentary ...
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Safeguard against penalties with a tax opinion

South African Revenue Services (SARS) may raise understatement penalties if prejudice has been caused to them or the fiscus. Penalties can be imposed at 25% or 50% in the case of a ‘substantial understatement’. There are however circumstances when, notwithstanding that the taxpayer has erred, ...
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Degree Of Risk:

The amount of uncertainty in a given situation.
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