Chris Hattingh: Twin peaks; twin fallacies – a conservative R4.8bn yearly cost
Free Market Foundation’s Chris Hattingh believes ‘Twin Peaks’ is more of a ‘Twin Fallacy’ as a conservative cost estimate is R4.8 billion per year.
Financial regulation
Allan Greenblo: Rosemary’s FSB hunt. Twin Peak’s perfect timing for clean sweep
The ‘Twin Peaks’ financial regulation has not been implemented as of yet and Allan Greenblo asks if now is the right time, given Rosemary Hunter’s recent court application.
The ISIL money chain – funding the newly created radical Islamic “State”
This excellent article on ISIL by Gillian Faichnie unpacks how the world’s richest terrorist group amasses wealth and funds its expensive-to-implement ideals.
The latest standard – demystify IFRS 15 with Sue Ludolph
Accounting is complicated at the best of times, this complication is only added to by the effects of globalisation on the world of business. One of the biggest impacts of the world’s ever expanding global village is the need for companies to produce standardised financial statements, that can be effectively used by all means of … Read more
Standard Bank fined for money-laundering: UK
From Reuters LONDON, Jan 23 (Reuters) – Britain’s financial regulator has fined the UK arm of South Africa‘s Standard Bank Group 7.6 million pounds ($12.6 million) for lax anti-money laundering controls of corporate customers linked to people holding prominent public functions. The Financial Conduct Authority (FCA) said on Thursday it was the first time it had brought a case … Read more
Newly listed Glencore is the JSE’s third-biggest company, but not in the Top 40 – when will it be?
The listing of mining and commodities group Glencore Xstrata was a major event, and the Swiss headquartered group is now the third most-valuable company listed on the JSE. However, because local ownership levels remain low – Glencore has its primary listing in London, and is also listed in Hong Kong – the company is not … Read more