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News & Views

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Opportunity And How It Relates to Fraud

In Part 2 of the series, we explored the “Why?” behind fraudulent behaviour by mentioning some of the potential motivations and pressures that could drive a perpetrator to commit fraud. We also proposed that should a potential fraudster lack the opportunity to commit fraud, then it would be likely that the act would go uncommitted. Therefore, we aim to provide some clarity on the “How?” that makes it possible for someone to commit fraud without getting caught.

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Why iXBRL Conversion Is a Must for Qualifying South African Companies

As technology continues to advance, businesses around the world are required to adapt to remain competitive and compliant with regulations. In this article, Amé Smith explores what iXBRL is and why its conversion is a must for South African companies.

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New Tax Incentive for Solar Panel Installation

On 22 February 2023, the Minister of Finance introduced a tax incentive to encourage individuals to install solar panels and generate clean electricity. The incentive is designed to alleviate pressure on the grid and promote self-sufficiency in energy production. This article outlines the details of the incentive, including eligibility criteria and the claiming process.

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SARS’ New Disclosure Requirements in Order to Remit Funds Abroad

On 24 April 2023, SARS announced changes to its Tax Compliance Status process, with immediate effect. The enhanced current tax clearance status (“TCS”) application form was introduced to consolidate Foreign Investment Allowance (FIA) and emigration applications into a single Approval International Transfer (AIT) application.   It is important to note that the new AIT process only applies for amounts in excess of R1 million for tax residents. Non-tax residents require the AIT for any amount to be remitted abroad. Here’s everything you need to know about how it affects taxpayers.

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Time For a Change: Rethinking the Audit Public Interest Score

In the world of business, where change is the only constant, "Helping you thrive in a changing world" is more than just a tagline at Moore South Africa; it's our mission. As part of our commitment to supporting your success, we believe it is time to address a critical issue affecting a significant portion of our clients: the need to reassess the Public Interest Score (PI) in South Africa.

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The Preferential Procurement Regulations Of 2022

The Preferential Procurement Policy Framework Act (PPPFA) has played a significant role in driving economic transformation by addressing historical injustices in South Africa. Initially introduced in 2000, the PPPFA has evolved over the years with the latest amendments to the Preferential Procurement Regulations (PPR) being effective from 16 January 2023.

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How M&A Can Energise Your Business

Mergers and acquisitions (M&A) have always been challenging, especially in the post-pandemic business environment. Current economic uncertainties necessitate redirecting and reshaping corporate strategy. Matthew Visser sets out helpful guidelines to formulate a successful acquisition strategy.

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SA Grey Listing, How Should We, As Trustees and Directors, Respond?

The recent decision by the Financial Action Task Force (FATF) to Grey List South Africa has led the government to introduce new measures to combat money laundering and financial crimes. The trust department in the Moore Cape Town office breaks it down in what this means.

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Tips For Submitting a Responsive Tender

In this article the Moore Forensics Due Diligence team focuses on what we will term the ‘do’s and ‘don’ts any tenderer is to be aware of when completing and submitting a tender/bid. Evidence obtained from having reviewed countless bid submissions points to the fact that tenderers - at times - make avoidable errors at the bid completion stage, with these errors resulting in the tenderer’s bid being considered non-responsive. By being mindful of – and applying the following do’s and don’ts when completing a bid document should provide additional comfort that the time invested when preparing a bid document will at least afford the tenderer an equal competitive opportunity, i.e. the tenderer’s bid will be evaluated by the relevant governance committee. This article therefore serves as a guide and tool for tenderers to not only complete tender documents correctly and fully, but also ensure a responsive tender is submitted.

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FATF Greylisting’s Implications for South African Corporates Raising Capital

The Financial Action Task Force's recent greylisting of South Africa has been widely reported as having significant implications. These include potential impacts on the country's economic growth, decreased global competitiveness and external reserves, as well as a potential decrease in capital inflows, foreign direct investment and the possibility of economic penalties imposed by international bodies. In this article, Nick Jobs unpacks this scenario.