Fraud Detection Recently, Hildegard Antionette Steenkamp, an Accountant, pleaded guilty on 336 accounts of fraud, to the value of R537 million, over a period of 13 years, which raises the question of how does this happen, and why did nobody detect the fraud for so...
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The Path to Wellbeing and Wellness
The Path to Wellbeing and Wellness: A Company's Journey In today's fast-paced world, the importance of employee wellbeing and wellness has become increasingly evident for companies. These two concepts, while similar in nature, encompass distinct facets of our lives,...
Fueling your business: The Power of Working Capital
The Power of Working Capital Working capital, also known as net working capital (NWC) is a crucial component and measurement to gauge a company’s liquidity and short-term health for any business. It is a financial metric which represents operating liquidity available...
Managing Conflict in the Workplace
Managing Conflict in the Workplace Conflict is a natural part of human interaction and can arise in any workplace setting. Workplace conflicts or organizational conflicts are disputes between two parties in the workplace. These conflicts arise because no two people...
What does the 2023 Budget mean for you?
What does the 2023 Budget mean for you? Finance Minister Enoch Godongwana delivered his second national Budget speech on Wednesday, 22 February 2023, afternoon, saying “National Treasury has a fiscal strategy to balance it all”. Tax revenues for 2022/23 are expected...
Systems, Procedures, Processes and Policies
There is a general believe that sole entrepreneurs, and or small to medium size businesses do not have to have written systems, procedures, processes and policies in place. Nothing is further from the truth, every organisation whether you a sole business owner, a...
Business Planning – What is it and how to do it?
Whether you’ve just started your business, or your business has been operational for some time, it is essential to plan your business activities and then manage and measure your business performance against your business plan. There are different types of business...
Budgeting and Forecasting
In today’s dynamic business environment, improving the efficiency of internal processes is a top priority for any business. The budgeting and forecasting process is no exception as it provides strategic insights that support decision making and goal setting which are...
What the numbers mean
In your business, a number is not just a number, it is the measurement of a result or an action measured at a point in time. Finance is game of numbers and understanding the meaning of these numbers is the basis to the success of your company. Financial analysis...
Cash is King
An old age saying, but never more true than today. It gives your business that cutting edge advance than nothing else does. It is the lifeline of your business and nothing is more valuable for the growth of your business or providing you with the means of having an...