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Mandatory Rotation of Auditors Is Now at the Top of the Public Investment Corporation’s Hit List of Corporate Governance Issues 17 JULY 2017 – 05:43 by ANN CROTTY The Public Investment Corporation (PIC), the largest investor on the JSE, has strongly endorsed the push for mandatory rotation of audit firms by voting against the reappointment … Continued

Karen Oosthuizen  Karen Oosthuizen has over 15 years of experience in Company Secretarial Services.  She has been with SA Company Formations since 2002 and worked previously at one of the top Auditing firms in Stellenbosch.  Karen managers the daily running of the business and also assists clients with matters relating to company registrations, amendments, BEE … Continued

What is Black Economic Empowerment? It is a programme that was launched by the South African Government to redress the inequalities of apartheid by giving certain previously disadvantaged groups (Blacks, Coloureds and Indians) within the South African citizenship economic privileges that were previously not available to them under the old Government.  Although race is the … Continued

The second most important governance document in a company is the Board Charter, the first being the company’s Memorandum of Incorporation. It defines the director’s duties, sets out responsibilities and liabilities, but above all it is a tool for the board and directors. The reasons for having a Board Charter include: 1. A Solid Appointment … Continued

There are two ways of registering Non-Profit Organisations in South Africa. Non-Profit Organisation (SOCDEV)          The Directorate for Non-Profit Organisations – known as Department of Social Development (SOCDEV). Requirements: Complete NPO Application Form: Prepare a Constitution as required by the Directorate Form a committee of not less than 5 members Who should register: Any organisation … Continued

Step Four: Registering for PAYE, UIF, SDL, and WCA

Step Three: Registering for Import and Export Licences

Step Two: Setting Up Your Bank Account

Step One: Choosing Your Business Name

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