The Impact of Recent Companies Act Amendments on Audit and Review Requirements for Close Corporations
Under the amended legislative framework, members of a close corporation are now required to prepare annual financial statements (AFS) within six months after the financial year-end. This timeline was shortened from the previous nine-month period due to the incorporation of relevant provisions from the Companies Act into the Close Corporations Act 69 of 1984. Section […]
Sound Investing: Why Diversification is Important
When it comes to building a resilient investment portfolio, diversification emerges as a fundamental strategy that investors should embrace. While supporting local businesses is admirable, achieving a balanced, risk-adjusted portfolio requires a broader perspective that encompasses international investments. South Africa constitutes less than 1% of the global economy. By investing globally, you gain access to […]
The seven myths of investing
The misguided assumptions that exist in financial markets. Myths are widely held beliefs that are mistaken as truths. For example, for long periods of time, people believed (and acted) as if the world was flat. Below are similarly misguided assumptions that exist in the financial markets that I have come across during my investment career. […]