View the collection of Deloitte South Africa press releases....
| South Africa - At Risk of Losing Private Equity Investment to Other Emerging Markets |
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18 September 2006 |
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Investment in private equity funds is becoming increasingly popular, both locally and internationally. However, one questions whether the South African tax regime is sufficiently attractive enough to retain and attract future resident and non-resident investment in South African private equity funds? Unless some form of beneficial tax treatment is legislated for the South African private equity industry, there is a danger that potential investors may be driven to other emerging markets. South Africans seem to have accepted that private equity funds are a good alternative investment option. European funds and investors have also... |
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| New Immigration Legislation Imminent |
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14 September 2006 |
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Many businesses have been receiving information from various sources advising them to take urgent action due to the new Immigration Amendment bill. Commenting on this, Jean Cooper, Director at Deloitte, says, “This legislation is not yet in its final form and still requires a number of stakeholders to give their input. We therefore caution against taking action at this point as the legislation may still be changed before it is officially published. The changes for the most part are positive but the Regulations that will underpin the legislation are the key points. This document is also not yet in its final... |
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| Piercing the corporate vale |
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01 September 2006 |
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IFRS7 replaces the current disclosure requirements for financial instruments as required by IAS30 Disclosures in the Financial Statements of Banks and Similar Financial Institutions ... |
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| Tax Compliance Made Easy with New Technologies |
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31 July 2006 |
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Compliance with tax legislation has become increasingly complex in South Africa and in order to reduce risks and save time, the use of technology for this purpose has become a business imperative for South African corporates. Tax professionals can spend as much as 90% of their time on compliance, giving them less time to focus on planning and related issues. On 17th August 2006 during a networking conference at Deloitte’s head office at Woodlands in Woodmead, Johannesburg, three new tax software solutions will be launched in addition to the new release of the highly successful corporate tax solution called... |
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| The Changing Face of BEE Deals |
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19 July 2006 |
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The recent legislation and momentum of the market around empowerment deals now places more focus on the performance of the company; the participation of black people in the organisation at different levels; the development of management skills in black people, the creation of enterprises and getting involved directly in communities. Previously the funding of empowerment deals relied on the performance of the underlying share price. “There has been a move away from funding structures solely relying on the share price performance of companies for funding purposes,” says Raj Naidu, Partner Corporate Finance at... |
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| Deloitte Innovation - Futureworld on Classic FM |
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14 July 2006 |
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Presenter: Lindsay Williams Guest(s): Thomas Jankovich What keeps global executives up at night? That’s the subject of a new Deloitte survey. Classic Business Day asks FutureWorld guru Thomas Jankovich from Deloitte Innovation Services what’s on the minds of world executivesLINDSAY WILLIAMS: During the 1980s few things kept executives up at night, but things have moved on and it’s now 2006. Thomas, what keeps executives up at night in South Africa? THOMAS JANKOVICH: Basically the survey from FutureWorld is really the difference between the global issues and the local ones. The big clangers are the... |
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| Focus on Trade Based Money Laundering |
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14 July 2006 |
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World trade has become an important channel of criminal activity, according to a recent Financial Action Task Force (FATF) Report. The FATF is an inter-governmental body which South Africa joined in 2003, whose purpose is the development and promotion of policies to combat money laundering. These policies aim to prevent the proceeds of crime from being utilised in future criminal activities and from affecting legitimate economic activities. In this report, the FATF emphasises the wide range of risks and vulnerabilities facing the international trade system and the fact that, given the growth of world trade, it is... |
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| Schools Have Already Been Subjected To PAYE Audits By SARS. Could They Be In For Another Shock With Vat? |
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03 July 2006 |
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It is commonly accepted that VAT affects most business transactions at all levels, from production through to the final customer. The tax, if chargeable, is due on the entire value of the supply, which is generally the production cost plus the profit element. For this reason, it is essential for businesses/enterprises to review all business transactions to ensure that the tax is collected from the customer. But, what, you may rightfully enquire, is the relevance, if any, of VAT in relation to schools? Some very pertinent questions you may ask: |
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| Managing risk in our retirement funds |
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28 June 2006 |
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Understanding and managing our own risk as human beings is vital to our very existence, yet when it comes to managing our retirement funds the practices that we apply in our own lives are not applied to how we manage our funds.
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| RSC levies to be abolished |
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27 June 2006 |
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On Friday 30th June, a tax that has been imposed on South African taxpayers for nearly 20 years will disappear. Regional Services Councils (RSC) levies will no longer exist. “The rationale for withdrawing these levies is that they did not necessarily achieve their... |
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