Our Financial Planning South African Blogposts

Published Sep 06, 20
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The Commissioner, Mr Edward Kieswetter, has in the meantime released a media declaration consisting of links and crucial info for all taxpayers throughout the Lockdown period. His statement, together with links and other info, can be discovered Our professional tax advisory service team, is presently evaluating the detailed tax implications and methods of possible relief offered to companies revealed to date and is standing by once additional details is released by National Treasury and the SARS.

Background: Supply chains in South Africa operate in a tough company environment. This environment affects the efficiency and efficiency of South African services and supply chains. These elements further influence the competitiveness of items produced in the nation, the economic development and advancement of South Africa. Goals: The purpose of this study was two-fold: To start with, to get insight into the primary company environment risks and other aspects, from a logistics viewpoint; and second of all, to show making use of method seldom utilized in logistics research the sequential combined approach.

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The outcomes of these two methods were incorporated with industry literature. Outcomes: It was discovered that increasing transport costs, functional management of facilities and human resources-related problems pose the biggest challenges in the logistics industry. In addition, it was found that the blended technique research study has application possibilities in logistics research study.

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However, organisations can control how they respond and alleviate these danger aspects. It is shown that these aspects and risks can alter over night. Number one south african construction companies South Africa. Using the explorative combined method in getting qualitative and quantitative inputs and incorporating it with existing literature proved to be a practical and functional methodology.

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( Simpson & Havenga 2012:51) Nevertheless, if one looks at the Logistics Performance Index (LPI) of South Africa the situation does not look regrettable. Browse for accounting firm near you. A slight negative pattern is however observed because South Africa's LPI has actually decreased to 34th out of 160 nations in 2014 from 23rd out of 155 countries in 2012 (The World Bank 2012, 2014).

For example, South Africa, as one of the BRICS countries, is closely behind China, but far ahead of Russia, India and Brazil on the index. South Africa is part of and contends in the worldwide economy. Effective and reliable logistics operators (cargo owners and logistics service suppliers) play an essential role in the competitiveness of the economy.

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However, the efficiency and performance of logistics operators and supply chains can also be affected by various consider the business environment, such as the arrangement of facilities, functional management of the facilities, the accessibility of personnels and a regulative structure favorable to business and trade. Threats and constraints in business environment may negatively impact logistics organisations and the supply chains within which they run (Badenhorst-Weiss & Waugh 2014:238).

Similar to any dangers, in order for them to be managed, they should be clearly determined and their implications and importance understood by all included (Bredell & Walters 2007:2). This research seeks to explore, by means of a blended approach study, crucial danger factors in the business environment that constrain the efficiency and performance of logistics operators in South Africa.

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The objective of the research study was to acquire the perceptions of logistics service providers and freight owners about the risks and factors in the South African business environment that have an effect on their effectiveness and effectiveness. This was conducted by means of a quantitative research study (survey), followed by a qualitative focus group discussion to acquire richer information whilst appropriate industry related literature was searched and integrated in the research study for further insight into the dangers (Badenhorst-Weiss & Waugh 2014:283).

Globalisation and the increasing intricacies impact the number of issues and the danger of supply chain disruptions as supply chains get longer, more intricate and involve more partners (Hailey & Jonasson 2013:55). Elements and dangers in the organisation environment that impact supply chains might change rapidly, and the management of these dangers is turning into one of the most important locations in supply chain management.

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Just over a year later the unfavorable effect of electricity provision issues is felt by supply chains and the nation as a whole. This post looks for to make a contribution in that it reports on the findings of a sequential mixed method research study amongst logistics stakeholders. The short article is not based upon a standard research study technique where a comprehensive literature research study was done, upon which a research technique was established, followed by empirical research study. Browse for auditing companies near me.

The researchers and a statistical specialist assisted with the development of the technical part of the instrument. The research study questionnaire is therefore been seen as a practically-oriented instrument. The survey findings offered the background to a qualitative study. The qualitative research study was carried out by methods of a focus group discussion, to acquire insight into how the risk factors are experienced by logistics role gamers and what they recommend to minimize the problems.

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The method followed is called the explorative combined method (Creswell 2009:18) and although it is not a popular method in logistics research, it still follows the basic scientific research concepts. Logistics is concerned with the motion of goods, both inbound items (incoming) and the circulation of goods to the next members of the supply chain and to the end client (outbound) (Badenhorst-Weiss & Waugh 2014:284) - Find international accounting standard South Africa.

As logistics plays an important function in guaranteeing that customers are served with the very best possible service (in regards to dependability, speed, security, versatility) at the lowest possible cost, handling logistics activities for maximum efficiency and efficiency is important (Badenhorst-Weiss & Waugh 2014:284). Supply chain management, on the other hand, involves the preparation and management of all activities included in sourcing and procurement, conversion and all logistics management activities.

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It is clear that logistics is a crucial part of supply chain management and is often used as a synonym 'supply chains consist of logistics systems of networks' (Gattorna 2010:11). Ineffectiveness in one part of the supply chain will have an unfavorable influence on the performance of the supply chain as a whole - My tax practitioner Africa.

The crucial function of logistics in the country's economy is caught succinctly in the following: The performance and growth of the South African logistics industry are both inputs to and outflows from the performance and growth of the South African economy specifically in the primary and secondary sectors. The exchange rate, inflation rate and rate of interest straight impact the expense efficiency of the logistics industry.

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Concurrently, the efficiency of the logistics industry particularly the expense of logistics has a bearing on the worldwide competitiveness of South African markets. (State of Logistics Study 2014: n.p.) South Africa's competitiveness was ranked 53rd out of 148 countries by the World Economic Online Forum (2014). South Africa therefore has a modern-day economy and a well-developed logistics facilities and system.

As pointed out previously, South Africa's LPI has decreased to 34th out of 160 countries in 2014 from 23rd out of 155 countries in 2012. Of the 6 aspects thought about by the World Bank for the LPI, customs ranked 42nd compared to 26th in 2012; tracking and tracing ranked 41st compared to 16th in 2012; facilities ranked 38th compared to 19th in 2012 (The World Bank 2012, 2014).

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