From Assurance to Advantage: Using Audit Insight to Strengthen Your Business
Under the Companies Act 71 of 2008, companies above certain Public Interest Score thresholds are legally required to have their financial statements audited by a registered auditor. Public companies, state-owned companies, and private companies with a Public Interest Score of 350 or more must be audited. Private companies with a score between 100 and 349 […]
Entrepreneurs: Prepare for Risk, Not Just Growth
Many small and medium enterprises (SMEs) are walking a financial tightrope. For business owners already balancing rising costs, late payments, and economic uncertainty, a single unexpected shock can be the difference between keeping the doors open and closing them for good. SMEs account for 91% of formal businesses, employ around 60% of the workforce, and […]
Mid-Year Separates Scalable Finance from Survival Mode
By mid-year, the guesswork is over. You now have six months of real performance data, including revenue trends, margin pressure, cash flow behaviour, and working capital strain. This is the point where your finance function either proves it can scale or starts showing cracks. As your business grows, your financial complexity increases. What worked when […]
Your Company Structure Should Evolve as Your Business Grows
In the early days of a business, structure is often accidental. People wear multiple hats, reporting lines hang loose, and “being agile” usually means figuring things out as you go. This flexibility can be an advantage at the start. But as your business grows, what once felt dynamic can quietly become a risk. At its […]
How to Prepare for an External Audit
Getting ready for an external audit is an essential process for any business aiming to uphold compliance, ensure transparency, and strengthen its governance practices. External audits are essential for ensuring the accuracy of financial statements and verifying that a company is adhering to required accounting standards. Here’s a comprehensive guide to help you prepare for […]
Tax Planning Strategies for Small Business Owners
As a small business owner in South Africa, managing your tax responsibilities effectively is key to maintaining financial health. By adopting smart tax planning strategies, you can reduce your tax burden and keep your business running smoothly. Here are some practical strategies to consider: 1. Utilise Allowable Deductions One of the simplest ways to reduce […]
20% of Nothing Is Still Nothing
Despite repeated warnings, Ponzi schemes continue to trap the unwary. Just pause to consider the following headline run in the venerable Financial Times in November 2020: “Investors lose £657 million to fraud.” That’s just in the 12 months to September 2020, up 28% from the year before. Even before the full impact of COVID-19 was […]
Get Paid on Time: Five Tips for Business Owners
Small businesses can master the skill of getting paid on time—here’s how. For small and medium businesses, getting paid on time is one of the biggest administration headaches. After all, when customers don’t pay on time, cash flow takes a knock and you need to borrow money to pay suppliers and service providers. Let’s not […]
Understanding the Two-Pot Retirement System: Questions and Answers
As of 1 September 2024, significant changes were introduced to the retirement landscape in South Africa with the implementation of the two-pot retirement system. This system allows members of pension funds, provident funds, and related schemes to access a portion of their savings while still working. With this shift, it is essential to understand how […]
Invest Globally with Confidence: Partner with JZA and Anchor Capital
Foreign investment can be exciting, but dealing with rules and figuring out new markets can be overwhelming. JZA, in partnership with Anchor Capital, provides a trusted solution. We empower you to explore global markets with confidence, leveraging our combined expertise to unlock exciting possibilities.