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August 2015

WHY DO PEOPLE COMMIT FRAUD?

As forensic practitioners, we are often asked: Why do people commit fraud? We understand “fraud” as including a range of criminal and unethical behaviours and we will use it in that sense in this article, too.

POTENTIAL IMPACT OF PROLONGED LOW OIL PRICES ON AFRICA

The drop in oil prices over the past 12 months to levels in the vicinity of 50 USD is expected to have a major impact on Africa, which during 2014 and the first two quarters of 2015 has already been grappling with poverty, food shortages, HIV/AIDS, regional conflict and the Ebola virus in West Africa. These low prices are impacting economies that depend on exports, such as Nigeria and Angola where Moore Stephens network member firms and clients are experiencing various aspects of the pricing levels.  It is likely that financial institutions in countries across Africa are stress testing for operations in countries at 40 USD per barrel.

EMPLOYMENT EQUITY REPORT DEADLINE LOOMING

The deadline for the Employment Equity Reports to be submitted to the Department of Labour is approaching fast.All reports that are manually submitted (by hand or post) need to be in by 1 October 2015. The deadline for online submissions via the Employment Equity Online Reporting System is 15 January 2016.

EIGHT KEY QUESTIONS TO HELP YOU CHOOSE AN INVESTMENT.... A FEW THINGS TO THINK ABOUT THIS SAVINGS MONTH

The investment universe can be complex to navigate without a good grasp of what your needs are. But once you understand why you're investing and what you'd like to achieve, the process becomes far simpler.   July is savings month, an initiative aimed at encouraging South Africans to adopt a savings culture and ultimately save more. To help you sort through the clutter, we have outlined key questions you should be asking yourself before choosing an investment.

MAURITIUS SOUTH AFRICA DTA CHANGES

Dear All, Please find attached a copy of the MOU signed recently between the Government of Mauritius and South Africa with regards to the issue of ‘dual residence’ for DTA benefits under the revised Mauritius/RSA DTA. Your comments and views are most welcomed.