Transaction Capital posts strong interims in tough climate
New accounting rules for leases on the horizon
The International Accounting Standards Board (IASB) issued IFRS 16 Leases in January 2016.
Qrent offers to help put rented computers in SA schools
Qrent, a division of Innovent and client of Xpertek, specializes in refinancing used assets including second hand computers. The assets are rented to clients at an affordable price.
Technology Can Help Us Too
Nearly everyone has a phone. Despite this, businesses continue to keep records manually and they still send their sales reps out into the field armed with a clipboard and a pen. Meanwhile, mobile phones have replaced the need to write out personal notes, to place physical orders, do banking, use maps, keep a contact book and much more.
Big Changes Ahead - Accounting For Loans
A new international accounting standard has been released (IFRS9 Financial Instruments). The major change is in the accounting for impairment of loans and loss provisions, where the lender is required to move from an impaired loan model to an EXPECTED loss model.
Top Banks Are Cutting Costs
European and US banks axed 59,000 jobs last year. They have restructured and cut costs, with staff numbers expected to shrink further in Europe as the banks strive to improve profitability in hard economic times.
Capitec Bank Soaring
Capitec Bank is progressing to new heights on the JSE. This happened as foreign buying continued unabated last Thursday. "The company is now well on its way to breaking into the JSE’s elite top 40 index," Anchor Capital said in a note.
NCR given May deadline to review service fees on loans
The end of May is the deadline for the NCA to submit proposed changes to the monthly service fees that credit providers are allowed to charge on credit agreements.