Finance Blog

“Renette Oosthuizen, small business owner from Gauteng, had this tip: ‘Minister Godongwana, please increase the VAT registration threshold for small businesses to R2 million. The R1 million threshold has not kept pace with the cost of doing business.’” (Budget Speech...

“Never take your eyes off the cash flow because it’s the lifeblood of business.” (Richard Branson) Ask any business analyst about recurring cash flow challenges and you’ll often hear them say, “It’s not that the business is short of money, it’s that money arrives too...

“Beware of little expenses; a small leak will sink a great ship.” (Benjamin Franklin) Extending 30-, 60- or 90-day payment terms may seem like a simple trick to help your sales teams convert sales, smooth negotiations and boost customer service. What you may not...

Post Shared Courtesy of: Daily Maverick Written by: Neesa Moodley © Daily Maverick. All Rights Reserved. While South Africans may not be particularly sympathetic to the financial misfortune of politician Lucky Montana, who was rather publicly called out by the South...

“Accounting is the language of business.” (Warren Buffett) Increasingly, banks and other organisations are requiring businesses to submit up-to-date management accounts when applying for finance. This is because these compact financial reports enable business analysis...

“Financial planning causes a struggle between the rational brain and the emotional brain.” (Michael C. Finke, author of Money Management Skills) You didn’t start your business to become a psychologist. But understanding the way emotions creep into your decisions could...

“Finance is effectively the rhythm section of a company. It creates the company cadence that every company needs.” (John Baule, CPA and ecommerce expert) You can’t grow a business without a clear handle on your numbers. But too many business owners still confuse...

“People with limited understanding of business think that it’s all about making profits. But those who actually run businesses know that it’s all about managing cash flows.” (Cedric Chin, entrepreneur and management training consultant) Most business owners aren’t...

“Mixing personal and business finances might seem harmless, but it’s a costly mistake that can lead to tax headaches, legal risks, and financial chaos.” (Amanda Painter) Mixing personal and business finances is so easy, particularly at the beginning. The company needs...

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“Together, government and business can drive the messages that matter most, which are those of resilience, opportunity, and shared prosperity.” (Minister of Finance, January 2025) Finance Minister Enoch Godongwana has invited the public to share suggestions on the...

Cash flow keeps a business ticking day to day. For small businesses, it’s even more important because they don’t have big reserves to fall back on like the big companies. Cash flow isn’t just about how much money is coming in; it’s about making sure there’s enough on...

VAT SARS detects a high number of suspicious VAT registrations SARS has indicated that R381 billion in refunds were paid in the fiscal year 2022/23, of which R319 billion were VAT refunds. With the substantial increase in applications for VAT registrations, SARS has...

https://www.techfinancials.co.za/2021/10/04/new-draft-companies-amendment-bill-snapshot-of-key-proposed-amendments/ A new draft of the Companies Amendment Bill has been published. Although the Bill clarifies many important company law issues; several ambiguities...

Article written by: Clyde von Willingh Part 2 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...

Article written by: Clyde von Willingh Part 1 article Please contact us for assistance: Tel: +27 (0)21 683 4834 | mdacc@mdacc.co.za | www.mdacc.co.za Clyde von Willingh | Senior Auditor | clyde.vonwillingh@mdacc.co.za...