Anuva Proves 12J a Winner

Anuva Investments, one of South Africa’s first Section 12J Venture Capital Companies has announced its maiden results for the February 2016 financial year. The VCC has reported earnings of R13.7million and paid a dividend of 28% to the initial investors. These impressive results are due to the company’s acquisition of Mastercare Appliances, which was under…

The Sugar Tax Debate

The worldwide attempt to reduce obesity has been given the ‘thumbs up’ by a few forward-thinking fiscal departments in several countries, with South Africa recently joining the fight against obesity. The proposed Sugar Tax Law – which argues for a 20% tax to be imposed on carbonated, sweetened beverages overall–, has been touted as a…

Auditing today

“An audit, or independent review, engagement no longer needs to just be an annual grudge purchase” says Wendy Simmons, Audit Manager at Hobbs Sinclair Incorporated, a Cape Town-based accounting and auditing firm. “When we engage with a client for an audit, or independent review, [depending on your “Public Interest Score”, as defined in the Companies…

Preparing for a “hassle free” audit

By Wendy Simmons, Audit Manager at Hobbs Sinclair I love my job! I know that this is not usually heard from a stereotypical “little grey (wo)man in the corner” accountant (or worse, auditor), but I really do!  I love the challenges, I love the interaction with clients, and I love seeing a client develop from…