My Internal Auditors South Africa Blog

Published Sep 16, 20
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The Commissioner, Mr Edward Kieswetter, has in the meantime launched a media statement including links and essential info for all taxpayers throughout the Lockdown period. His declaration, together with links and other info, can be found Our expert tax advisory service team, is currently evaluating the comprehensive tax implications and techniques of possible relief offered to companies made public to date and is waiting when more info is launched by National Treasury and the SARS.

Background: Supply chains in South Africa run in a difficult business environment. This environment influences the efficiency and effectiveness of South African companies and supply chains. These elements additional affect the competitiveness of products produced in the country, the financial growth and advancement of South Africa. Goals: The purpose of this study was two-fold: First of all, to acquire insight into the primary service environment threats and other elements, from a logistics perspective; and second of all, to show the usage of methodology not typically utilized in logistics research study the sequential combined technique.

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The results of these 2 techniques were integrated with industry literature. Results: It was found that increasing transportation costs, operational management of facilities and human resources-related problems position the biggest difficulties in the logistics industry. In addition, it was discovered that the combined method research study has application possibilities in logistics research.

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However, organisations can control how they react and alleviate these danger elements. It is shown that these elements and dangers can change overnight. Number one Compliance South Africa. The usage of the explorative blended approach in obtaining qualitative and quantitative inputs and incorporating it with existing literature showed to be a practical and usable approach.

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( Simpson & Havenga 2012:51) However, if one looks at the Logistics Performance Index (LPI) of South Africa the situation does not look regrettable. View our it auditor near you. A small negative pattern is however observed considering that South Africa's LPI has actually decreased to 34th out of 160 nations in 2014 from 23rd out of 155 nations in 2012 (The World Bank 2012, 2014).

For instance, 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 becomes part of and completes in the worldwide economy. Efficient and effective logistics operators (freight owners and logistics company) play an essential role in the competitiveness of the economy.

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However, the efficiency and efficiency of logistics operators and supply chains can also be influenced by various consider business environment, such as the provision of facilities, operational management of the infrastructure, the availability of personnels and a regulatory framework conducive to service and trade. Threats and restraints in the organisation environment may negatively impact logistics organisations and the supply chains within which they run (Badenhorst-Weiss & Waugh 2014:238).

As with any dangers, in order for them to be handled, they need to be clearly determined and their ramifications and value comprehended by all involved (Bredell & Walters 2007:2). This research seeks to explore, by means of a combined method study, crucial danger aspects in business environment that constrain the efficiency and effectiveness of logistics operators in South Africa.

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The goal of the research study was to obtain the understandings of logistics service suppliers and cargo owners about the dangers and consider the South African company environment that have an effect on their efficiency and effectiveness. This was carried out by means of a quantitative study (survey), followed by a qualitative focus group discussion to get richer data whilst suitable market related literature was searched and incorporated in the research study for more insight into the risks (Badenhorst-Weiss & Waugh 2014:283).

Globalisation and the increasing intricacies impact the variety of concerns and the threat of supply chain interruptions as supply chains get longer, more intricate and include more partners (Hailey & Jonasson 2013:55). Factors and risks in business environment that impact supply chains might alter rapidly, and the management of these threats is ending up being one of the most important areas in supply chain management.

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Simply over a year later on the negative impact of electricity arrangement problems is felt by supply chains and the country as a whole. This post looks for to make a contribution in that it reports on the findings of a consecutive combined method research study among logistics stakeholders. The article is not based upon a conventional research technique where a detailed literature study was done, upon which a research approach was established, followed by empirical research study. Browse for affordable medical aid south africa near you.

The researchers and an analytical specialist helped with the advancement of the technical part of the instrument. The research survey is thus been viewed as a practically-oriented instrument. The study findings provided the background to a qualitative research study. The qualitative research study was carried out by means of a focus group conversation, to acquire insight into how the danger aspects are experienced by logistics function gamers and what they suggest to relieve the issues.

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The method followed is called the explorative blended technique (Creswell 2009:18) and although it is not a well-known technique in logistics research, it still follows the standard scientific research study concepts. Logistics is concerned with the motion of goods, both incoming items (inbound) and the distribution of items to the next members of the supply chain and to the end customer (outbound) (Badenhorst-Weiss & Waugh 2014:284) - My Compliance South Africa.

As logistics plays a crucial role in making sure that consumers are served with the very best possible service (in regards to dependability, speed, security, versatility) at the most affordable possible cost, handling logistics activities for maximum efficiency and effectiveness is vital (Badenhorst-Weiss & Waugh 2014:284). Supply chain management, on the other hand, entails the preparation and management of all activities associated with sourcing and procurement, conversion and all logistics management activities.

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It is clear that logistics is a vital part of supply chain management and is typically utilized as a synonym 'supply chains include logistics systems of networks' (Gattorna 2010:11). Inefficiencies in one part of the supply chain will have a negative effect on the performance of the supply chain as a whole - Number one IFRS South African.

The essential role of logistics in the country's economy is caught succinctly in the following: The efficiency and development of the South African logistics industry are both inputs to and outflows from the performance and development of the South African economy particularly in the primary and secondary sectors. The currency exchange rate, inflation rate and rates of interest directly impact the cost efficiency of the logistics industry.

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Concurrently, the performance of the logistics industry particularly the expense of logistics has a bearing on the international competitiveness of South African industries. (State of Logistics Study 2014: n.p.) South Africa's competitiveness was ranked 53rd out of 148 nations by the World Economic Forum (2014). South Africa thus has a modern-day economy and a strong logistics facilities and system.

As mentioned previously, South Africa's LPI has actually reduced to 34th out of 160 nations in 2014 from 23rd out of 155 nations in 2012. Of the six aspects thought about by the World Bank for the LPI, customizeds ranked 42nd compared to 26th in 2012; tracking and tracing ranked 41st compared to 16th in 2012; infrastructure ranked 38th compared to 19th in 2012 (The World Bank 2012, 2014).