[Claire Jennings] It has also become a major source of consulting work for accounting and law firms alike. Prior to the UN COP17 Conference in Durban, consulting firms in the environmental space report a huge increase in business coming their way. This comes both in the wake of the government throwing its considerable weight behind the "greening" of our economy, as well as through the reputational damage from a series of global ecological disasters.
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The University of Limpopo recently hosted an event in celebration of having attained accreditation for the University's Bachelor of Accounting Science (BAccSc) degree under the South African Institute of Chartered Accountants (SAICA).
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The South African Reserve Bank views risks to the country's inflation projections as being skewed slightly to the upside.
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Nedbank Corporate Banking has announced the successful conclusion of a funding agreement of R1 billion to Nampak in the form of a five-year revolving credit facility. The facility will be used to fund capital expenditure and provide Nampak with additional financial flexibility for their short and long term requirements in support of their growth strategy.
Read more >>The provision of relatively risk-free credit is perhaps one of today's most challenging business requirements, but technology helps grant credit faster and cheaper to an ever expanding number of people. "True, it is an age-old problem," says Michelle Beetar, MD of reference agency Experian South Africa, "[and] it has grown exponentially in the past couple of decades owing to freer access to credit as a means of bolstering turnover."
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Business Live confirms that Standard Bank will no longer credit trading accounts with cash based on deposit slips or proof of payment documents because of a significant increase in attempted fraud.
Read more >>Engineering News reports that South Africa's Taxation Laws Amendment Bill 2011 has been designed to incentivise local companies to upscale their research and development (R&D) activities. The Bill is yet to be signed by President Jacob Zuma and is expected to become effective in April 2012.
Read more >> Employees whose employers have introduced wellness and fitness training classes within the workplace do not have to pay fringe benefit tax to keep fit.
Read more >>The Gauteng Department of Health and Social Development has noted a statement issued earlier this week by SAMED stating that it owes huge amounts of money to suppliers and has in turn acknowledged that it does carry these debts.
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The SARB has announced that, with effect from 1 April 2012, Cabinet has approved the discontinuation of the production of the 5c coin and the replacement of the current 10c with a new 10c coin which is different in colour and base material.
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