Many South African businesses will face a stiff challenge in meeting their accreditation targets as they prepare for their first audits under the stricter Revised Broad-Based Black Economic Empowerment Codes that came into effect on 1 May 2015.
A financial director is responsible for keeping the company financially afloat while helping to plan for the future. He or she takes on a vast responsibility, as poor cash flow or debt management can ruin a company’s chance of survival.
By Daryl Blundell, Managing Director for Sage SSB (Start-up and small businesses) Accounting South & Southern Africa, consisting of Sage One and Sage Pastel Accounting
The start of a New Year is always a great time to re-evaluate your business plans and operations, and ask yourself if there’s anything you could do better.