South Africa – is there any hope?

At this point, it’s fair to say that South Africa is a total mess. Anybody who disagrees with this assertion is fooling themselves. All economic fundamentals are in terrible shape – and will likely deteriorate further under the governing African National Congress...

South Africa ready for a Tax Revolt

Tax revolts date back to biblical times. Throughout the ages they have exhibited similar symptoms of a decline in taxpayer morale and confidence in a government’s ability to manage public finances for the greater good of its citizens. Recent public outcries in...

Large Audit firms vs Small Accounting firms

Recently in a article published, it was said that the Big Four Auditing firms bungled 31% of US audits. Since auditors are paid by the companies they scrutinize, the argument is that they have a incentive to produce reports that please those companies – and,...

Trusts in a Nutshell

There are three types of trusts: 1-Ownership trust–A founder or settlor transfers ownership of assets or property to trustees which are to be held for the benefit of defined or determinable beneficiaries of the trust. 2-Bewind trust–A founder or settlor transfers...