Managing ESG versus GRC
In today’s digital world, businesses must constantly monitor their risks and opportunities in relation to stakeholder concerns. As a result, most organizations have made enterprise risk and compliance (RC) management a top priority. To remain competitive in this challenging environment, businesses are implementing an integrated risk management strategy across all aspects of their operations. Enterprise […]
Supplier Risk Management and Compliance
Supplier risk management and compliance are two critical functions of procurement. These processes ensure that vendors meet certain standards before they’re allowed to work with your organization and that they continue to do so over time. These functions also help you identify any risks posed by suppliers as well as the consequences of a breach. […]
Financial reporting and compliance as a competitive advantage
Businesses have a choice when it comes to the increased forward momentum of ESG considerations and reporting. They can choose to be proactive or reactive, but they cannot ignore the need and imperative indefinitely. Competitiveness includes the ability to capitalise on successes and increase external credibility, as well as the cost and effectiveness of compliance. […]
How CI improves competitiveness
Competitive intelligence (CI) is the process of staying informed about your industry’s competitors. It is important to your company’s success because it provides insight into the strategies, strengths, and weaknesses of your competitors. As a result, it enables you to make more informed business decisions that benefit your organisation. This blog post will provide an […]
The importance of workplace safety How can you use safety data and analytics to keep your workplace?
In today’s fast-paced, challenging and dynamic work environment, companies are seeking ways to increase their productivity while reducing the risks of accidents and injuries. There are many occupational hazards in industrial settings; however, with the right strategies and methodology, you can reduce your company’s risk of injuries and accidents. Implementing safety standards is essential for […]
Changing EIA Requirements for solar photovoltaic plants
The Minister of Forestry, Fisheries and the Environment, Ms Barbara Creecy, published, for public comment, her intention to exempt the construction or extension of solar photovoltaic plants from having to obtain an environmental authorisation in terms of the National Environmental Management Act 107 of 1998 but instead to comply with the prescribed environmental management programme. […]
Compliance as competitive advantage
Regulation across all industries is expanding at a significant rate with the cost, effort and specific expertise requirements ever increasing. What may once have been a negligible expense has become a material component of both costs of sales and operational expenses. Companies are devoting tremendous resources to ensure compliance with regulatory mandates, yet compliance failures […]
Compliance needs modernization
Compliance can be improved by a company’s enhanced ability to anticipate problems and protect its assets from fines and disruptions, in addition to acting swiftly when necessary. For example, the Compliance department, which was previously responsible for keeping regulators away, can now notify the board and senior management of problems without letting outsiders know. Companies […]
The South African Automotive Masterplan – (SAAM) ’35
In 2018, the government of South Africa implemented a new automobile policy known as SAAM ’35 after realising the benefits of well-designed automotive incentives (South African Automotive Masterplan) South Africa’s automobile industry ranks third among our economic sectors, behind mining and financial services. On a global scale, South Africa’s automobile industry ranks a respectable thirteenth. […]
Key Compliance Updates: Data Protection
Data reform The Data Protection and Digital Information Bill was introduced in 2022. The measure aims to foster innovation and change UK data laws. Increased penalties for nuisance calls, fewer cookie pop-ups, less business strain, and a modernised Information Commissioner’s Office are among the suggested reforms. Businesses should closely monitor the bill’s development through Parliament […]