LONDON, UK: PwC is warning its public sector clients that spending constraints and staff cuts in the wrong places may leave the public sector open to fraud, as employees affected by redundancy (and suppliers faced with contract termination) seek to maximise their benefit on the way out. The report, Navigating Your Way Through Stormy Waters, focuses on increasing risks in this area.
12 Nov 2010
Charles Pillai, having served the South African legal and financial services as the fourth Pension Funds Adjudicator, its first Ombud for Financial Services Providers, director of the Legal Resources Centre, lawyer and actor, died on Saturday 6 November 2010 from cancer, aged 57.
9 Nov 2010
LONDON, UK: Law firms see fall in fee income across the board but mid-tier come under most pressure, PwC survey shows.
8 Nov 2010
BRUSSELS, BELGIUM: The European Publishers Council (EPC*) has succeeded in getting its idea for 21st century copyright management accepted as one of just seven "Big Ideas" sought by the European Commission to forward its Digital Agenda strategy.
5 Nov 2010
Stricter controls relating to product information on all labels are being introduced by the Department of Health as part of Regulation R146, in an attempt to bring more transparency to the consumer market, and to crack down on manufacturers breaching the regulations.
5 Nov 2010
Pioneer Foods, the producer of Sasko bread, White Star maize meal and Tydstroom chickens, may be about to clear a longstanding cloud over its head by agreeing with authorities the extent of its fines for collusive behaviour.
Michael Bleby 3 Nov 2010
Carousel fraud, estimated to have cost the EU €5bn in lost tax revenues, will be eliminated from UK trading after changes to VAT regulations came into force this week.
3 Nov 2010
The National Credit Regulator (NCR) has cancelled the registration of Sash Sahibdeen, a debt counsellor operating from Handy Square in Johannesburg, for contravening certain sections of the National Credit Act (NCA) and his conditions of registration as a debt counsellor.
2 Nov 2010
The makers and exporters of some of the best-known SA products derived from indigenous plants and organisms have laid themselves open to criminal prosecution by failing to acquire the necessary permits. Rooibos tea and SA's best-selling liqueur, Amarula Cream, are among many such products apparently being produced and exported without the required permits from the environmental affairs department.
Shannon Sherry 1 Nov 2010
South Africa's Competition Tribunal confirmed the settlement agreement between the Commission and Flo-Tek. However, as not all parties were present at the hearing, the Tribunal will set another date for the hearing of the settlement agreement between the Commission and Swan Plastics.
1 Nov 2010
Most small to medium companies have chosen their accounting firms based on price and, quite often, the company's ability to minimise tax payments. The smart business owner, however, will need to look at other key indicators if they want to minimise their own risk exposure.
25 Oct 2010