Global

AML Changes and How this May Affect our Business Relationship

August 1, 2018
Changes to the Anti Money Laundering and Countering Financing of Terrorism Act 2009 (AML/CFT Act) will apply to accountants and certain services provided to their clients from 1 October 2018.

The Bitcoin Basics

August 1, 2018
The way Bitcoin works seems difficult to understand for anyone but a computer geek or financial wizard. However, it could determine the future of banking and it’s receiving plenty of attention from central banks.

Nexia International becomes ninth largest global accounting network

February 22, 2018
Nexia International (Nexia), a network of independent accounting and consulting firms, is delighted to announce that according to the latest International Accounting Bulletin (IAB) World Survey, the network has risen one place since last year to become the 9th largest global accounting network, as measured by fee income. The financial results for 2017, show total fee income of more than US$3.62bn – an increase of 13% on 2016. This increase in global revenue is a result of growth right across the...

Protecting your Business from Cybercrime

November 10, 2017
The internet has become the essential infrastructure for most businesses around the globe. But with increased connectivity comes unprecedented risk of fraud, theft and abuse. The digitised world is growing at a phenomenal pace, transforming the economic, political and social landscape around the world. The falling costs of technology have fuelled rapid digitisation of developing economies in Africa and other regions, bringing huge benefits to disadvantaged people, including to those without bank accounts or access to electricity. However, businesses and government...

Trading with the US: what might the future hold?

July 5, 2017
A number of international trade agreements with the US are under review. The US has been expanding trade and reducing tariff barriers via a series of bilateral agreements since 1934[1]. Shortly after US President Donald Trump’s administration came into power, it said: “For too long, Americans have been forced to accept trade deals that put interests of insiders and the Washington elite over the hard-working men and women in the US.”[2] Trump intends to pull out of trade agreements that he...

Demonetisation in India

March 21, 2017
The Indian Government ramps up its tactics for curbing corruption and black money. As part of his war against corruption, black money, money laundering, terrorism financing and counterfeit banknotes, India’s Prime Minister Narendra Modi announced on 8 November 2016 the demonetisation of INR 500 and INR 1,000 notes (worth approximately USD 7 and USD 14) within the country. These large denomination banknotes comprise 86% of the cash within the economy and led to substantial panic as nearly 90% of the country’s...

Advance planning your entrance into global markets

September 8, 2016
Manufacturers and distributors that conscientiously and assertively develop overseas markets typically have twice the growth rate of those that merely chase opportunities as they arise Many companies enter the global market or supply chain to fill a customer’s specific need. While this kind of happy accident can help you get your international feet wet, it comes with considerably more risk. It’s tough to fault a company for taking advantage of any growth opportunity that presents itself, but planning in advance is...

A leader is one who knows the way, goes the way, and shows the way.

August 22, 2016
Leadership Development 101 So… you’d like to implement a leadership development programme but aren’t quite sure where to start? Start with your business’ strengths and weaknesses in terms of succession. Your backup If your business has a pretty flat structure, and you are the key person, do you have a reliable 2IC who could step up if you were away for a while? Is there someone backing them up who could also step up? If you do, consider these people in...

To fight a big data security problem, think small

August 22, 2016
For spammers, small is the new big, as they try to avoid detection by sending fewer messages than ever before Following a report from Bloomberg, more light has been cast on what is called ‘artisanal spam,’ or ‘snowshoe’ spam. Rather like how an actual snowshoe redistributes the weight of the person wearing it, snowshoe spam involves redistributing the load of a spam message across multiple IP addresses. This is done to help avoid detection by filters designed to combat spam messages...

Manufacturing and/or Construction: Know your Profitability

June 9, 2016
Advance planning your entrance into global markets Manufacturers and distributors that conscientiously and assertively develop overseas markets typically have twice the growth rate of those that merely chase opportunities as they arise. Many companies enter the global market or supply chain to fill a customer’s specific need. While this kind of happy accident can help you get your international feet wet, it comes with considerably more risk. It’s tough to fault a company for taking advantage of any growth opportunity...