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The Auditor General of South Africa defines irregular, fruitless and wasteful expenditure (IFW) as ‘expenditure that was made in vain and could have been avoided had reasonable care been taken.
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Institutional checks and balances, civil society groups, and independent media saved South Africa from a $76bn nuclear power deal with Russia under the leadership of the then President Jacob Zuma, according tothe Carnegie Endowment for International Peace report.
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What happens when an employee steadfastly refuses to remove a light blue hairpin in contravention of a dress code that requires hairpins to be navy blue or black?
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The IDCs Post-Unrest Business Recovery Fund, MCEP Economic Stabilisation Funds and matching grants: providing industrial loan support to affected companies towards the rebuilding of infrastructure, and restoration of equipment, fittings for the premises, stock, and provision of working capital.
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The South African Reserve Bank Quarterly Bulletin for March 2019¹ reports that household debt increased at a faster pace in the fourth quarter of 2018, edging up to 72.7% as a percentage of nominal disposable income, and suggesting that South Africans are borrowing to sustain spending.
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The National Empowerment Fund (NEF) and the Solidarity Fund’s Unrest Relief Fund (URF) have established a R450 million funding programme aimed at supporting businesses that were damaged in the recent riots in KwaZulu Natal and Gauteng.
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Whether acting for or against an individual or an organisation, there are no second chances when presenting a case to a judge.
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The proposed creation of an Office of the Small Enterprise Ombud Service for Small Medium and Micro Enterprises should help to create a protective and supportive environment for SMMEs.
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Know your customer is a business principle within the Financial Intelligence Centre Act (FICA) that encourages relevant companies to establish and verify the identity of their customers and clients before or during the time they do business.
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Employee background screening is highly valuable in the recruitment process as it assists with the identification of red flags such as criminal behaviour, unverified qualifications, fabricated experience and other CV embellishments