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Budget2021: How will the Finance Minister fund the UIF COVID-19 TERS benefit?
The Temporary Employee/Employer Relief Scheme (TERS) provides financial relief to South African workers when their employers could not pay them or were required to take compulsory leave during different phases of the COVID-19 lockdown in South Africa. We hope the Finance Minister will address the TERS financial implications in the upcoming Budget Speech. When the […]
What will Budget2021 hold when most businesses and consumers don’t have more to give?
Finance Minister Tito Mboweni still faces all last year’s challenges such as funding cash-strapped state-owned enterprises (SOEs) and paying a massive public sector wage bill – along with new headaches caused by COVID-19. Following a year of pandemic and lockdowns, South African employees and companies are looking ahead to the annual Budget Speech on 24 […]
How one township entrepreneur turned R200 into R2.7 million
In 2014, Brian Malatji decided to start his own business. He quit his job at a manufacturing company that produces gate and garage automation motors, with the intention of using his skills to start his own township security business. “I had everything planned out, including how I’d use my provident fund pay-out to fund my […]
3 questions to help accountants discover their value proposition
I was a bit concerned when the bank called to cancel my client’s finance application meeting. What did we do wrong? What did we forget? Turns out – nothing. In fact, our reports and financials were so thorough that the bank cancelled the meeting because it had more information than it needed to grant my […]