The decision by the South African Reserve Bank to increase the the repo rate by 25 basis points is bad news for consumers and is going to add significantly to the debt burden. Coming on the heels of a 1% VAT increase and rising inflation – especially in the food […]

It is one of the most famous lines from Shakespeare’s Hamlet – “Neither a borrower, nor a lender be; for loan oft loses both itself and friend” – and is advice for all ages. Because when it comes to loans between peers and family, matters can become tricky. The Supreme […]

Historically, all companies – both public and private – needed to have their financial statements audited on an annual basis. The new Companies Act of 2008 has introduced significant changes for companies with regards to the requirement to be audited or reviewed. This requirement, more specifically for unlisted companies, is […]

Cost accounting is that branch of accounting which aims at generating information to control operations with a view to maximizing profits and efficiency of the company, that is why it is also termed control accounting. Conversely, management accounting is the type of accounting which assist management in planning and decision-making and thus known […]

Capital budgeting is the process in which a business determines and evaluates potential expenses or investments that are large in nature. These expenditures and investments include projects such as building a new plant or investing in a long-term venture. Often times, a prospective project’s lifetime cash inflows and outflows are […]