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Insurance cover dwindles as budget constraints increase

10 May 2016

It is concerning that many clients are cancelling cover as they can no longer afford it due to budget constraints and the state of the economy. Consumers are in too much debt because of over spending and bad financial planning. As interest rates, inflation, the cost of food and petrol are rising, South Africa is heading towards junk status and a recession, at times, seems inevitable.

Practical implications of King IV

09 May 2016

In March 2016 the Institute of Directors South Africa published a Draft King IV Report on Corporate Governance (the Report) for public comment. Included in the Report is a revised Code on Corporate Governance, that is, the King IV Code.

Cutting skills development budgets : Beheading the future

21 April 2016

The first quarter of 2016 is complete. The finance speech has been delivered, and most companies have begun re-evaluating their budgets for the next financial year. Understandably, most will be searching for cost-cutting avenues, contemplating what constitutes essential spend, and what they can do without. Unfortunately, in many instances, the choice is made to cut skills development budgets. A mistake which, according to Mark Orpen - Chief Executive Officer and Chairman of the Institute of People Development (IPD) – could cost the company a lot more in the long run.