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August 2017

Combating the Effects of Sick Leave in the Workplace

It is that time of year again, when sick leave may impact staff attendance and in turn, impact productivity, reducing staff morale and costing your company money. The key to combating the effects of sick leave in the workplace, is to understand what the sick leave entitlement covers, and have policies in place to manage sick leave.

Elizabeth Landsberg
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Interest Rates Fall, as Politics Stalks the SARB

MPC Announces 25bps Interest Rate Cut The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) announced a 25 basis point (bps) cut in the benchmark interest rate at its 20 July meeting, thus dropping the repo rate from 7.00% to 6.75%.

Analytics
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Internal Audit – To Outsource or to Insource?

We are regularly asked this question by clients who are looking to establish an internal audit function. As professional service providers of internal audit services on an outsourced basis, there is obviously a case to be made that we are not in a position to provide independent advice, as it relates to this question. We do, however, like to think that we put our ethics before our wallets.

Louw van der Merwe
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IFRS 17: A Synopsis

In a distant kingdom, many years ago, the International Accounting Standards Board (IASB) wanted to achieve consistent accounting for all insurance contracts by all companies around the world (although the US has opted out and US GAAP will persist), to enable comparability with non-insurance products. In May 2017, the International Financial Reporting Standard (IFRS) 17 on Insurance Contracts was released with an effective date of 1 January 2021, with prior-year comparative reporting required.

Liezl Benn
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