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audit preparation

Preparing Your Small Business for Audits and Ensuring Compliance

As a business owner in South Africa, maintaining financial health and compliance is crucial for sustainable growth and success. At Thrive CFO, we understand the complexities small businesses face in navigating audit requirements. This article explores essential strategies to prepare your business for audits and ensure compliance, empowering you to streamline processes and mitigate risks

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Business Rescue in South Africa

Business Rescue in South Africa: A Lifeline for Struggling Businesses

Is your South African company facing mounting debts and cash flow problems? Don’t despair. Business rescue, a process enshrined in Chapter 6 of the Companies Act, offers a lifeline for financially distressed businesses. It’s a chance to rehabilitate your company, return to solvency, and avoid the harsh reality of liquidation. What is Business Rescue? Think

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Contingent Value Rights

Contingent Value Rights: What They Are and How They Affect You

Contents Table1 Key Takeaway2 Introduction3 What are Contingent Value Rights?4 How do CVRs work?5 What are transferable and non-transferable CVRs?6 What is Steinhoff’s case?7 How will Steinhoff’s CVRs work?8 Will Steinhoff’s CVRs be transferable or non-transferable?9 What are the benefits of CVRs for Steinhoff?10 What are the challenges of CVRs for Steinhoff?11 Conclusion Key Takeaway

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Unraveling the CIPC Beneficial Ownership Enigma: 10 Key Insights

Unraveling the CIPC Beneficial Ownership Enigma: 10 Key Insights

Contents Table1 CIPC Beneficial Ownership Framework1.1 1. Establishing Transparency1.2 2. Purpose and Intent1.3 3. The Repository of Ownership1.4 4. Focus on Significance1.5 5. Countdown to Compliance1.6 6. Mandated Submissions1.7 7. Consequences of Silence1.8 8. From Voluntary to Obligatory1.9 9. The Legislative Mandate1.10 10. Combating Illicit Ventures Delving into the world of CIPC Beneficial Ownership sheds

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Small Enterprise Development Finance Agency (SEDFA)

Driving Small Business Growth: The Impact of South Africa’s New State-Owned Company

Contents Table1 Streamlined Support and Challenges for Small Enterprises1.0.0.1 Key Take Aways:1.1 Enhanced Support for Small Enterprises1.2 Streamlined Ecosystem and Increased Access to Finance1.3 Addressing Disputes and Late Payments1.4 Potential Challenges and Considerations For SEDFA1.5 Conclusion Streamlined Support and Challenges for Small Enterprises Key Take Aways: The South African government is establishing the Small Enterprise

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Business Recession: Strategies to Thrive Even in Tough Times

Business Recession Strategies to Thrive Even in Tough Times

In today’s unpredictable economic landscape, businesses face the daunting challenge of navigating through a business recession. A business recession refers to a period of economic downturn characterized by a decline in economic activity and overall business performance. The impact of a recession on businesses is far-reaching, affecting various aspects of their operations. However, with effective

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