INFLATION rose more than expected in October, cementing views that the Reserve Bank will leave interest rates unchanged on Thursday. Statistics South Africa figures released on Wednesday showed that on average, prices increased 0.6% between September and October. Inflation was recorded at 5.6% year on year in October, from a 5.5% year-on-year increase in September. The market was expecting a[Read More…]

See how inflation affects us all in real terms……. INFLATION rose more than expected in September, supporting views that another interest rate cut is unlikely at the Reserve Bank’s monetary policy committee meeting next month. Statistics SA figures released on Wednesday showed that on average, prices increased 0.9% between August and September. Inflation was recorded at 5.5% year on year[Read More…]

We have been learning about this……(Sourced from www.bdlive.co.za) SOUTH Africa’s economic outlook is deteriorating rapidly, with unrest in the mining sector and national transport strikes likely to lead to job losses, central bank governor Gill Marcus said on Wednesday. Speaking to economics students in Grahamstown in the Eastern Cape, Ms Marcus reiterated her stance that the Reserve Bank had no[Read More…]

INFLATION edged up last month for the first time since April, reinforcing expectations that the Reserve Bank will keep interest rates unchanged when its monetary policy meeting ends on Monday. The annual rise in the consumer price index (CPI) ticked up to 5% from 4.9% in July, boosted mainly by hikes in housing utility costs, as well as fuel and[Read More…]

Use source documents to do journal entries….cheques are mostly issued for PAYMENTS, receipts and cash register rolls are sources for the RECEIPTS journal. Remember the extended accounting equation for general ledger entries: ASSETS + DRAWINGS + EXPENSES = CAPITAL + INCOME + LIABILITIES increases on debit side,decreases on       increases on the credit side, decreases on the credit[Read More…]

Le Clos savours golden victory Second gold for South Africa in the pool, this time denying US swim legend Michael Phelps JULIAN LINDEN Published: 2012/08/01 06:36:31 AM  SOUTH Africa’s Chad le Clos handed US swimming legend Michael Phelps a shock defeat last night, winning the men’s 200m butterfly final at the London Olympics, and giving South Africa a second gold medal[Read More…]

‘Plunge in consumer confidence an ill omen for SA economic growth’.  Index plummets eight points to minus three, showing increasing unwillingness to spend and a darkening outlook among consumers, mainstay of the economy. Sourced from Business Day: NTSAKISI MASWANGANYI Published: 2012/07/18 12:52:35 PM CONSUMER confidence plummeted in the second quarter of this year to levels last seen in the second and[Read More…]

Small businesses embrace social media in UK Social networks have overtaken local directories such as Yellow Pages and Thomson and print advertising in the UK as the main way small businesses seek out new customers PAUL TAYLOR Published: 2012/05/16 10:30:39 AM  SOCIAL networks have overtaken local directories such as Yellow Pages and Thomson and print advertising in the UK as the[Read More…]

The following should be beneficial: Make sure that you understand the core concepts covered.  Decide if you need to memorise the underlying principles in order to complete the concept that you are studying. Summarise the theory, ensure that you can implement this knowledge by practising, practising, practising …….. If work seems to be too difficult, there is a 85% chance[Read More…]

Home Affairs Minister Nkosazana Dlamini-Zuma says a new smart identity card is to be piloted in the next six months and should be in the wallets of all South Africans within two years. The smart cards will have embedded microchips storing information such as fingerprints, which can be verified by a specially made card reader. The Department of Home Affairs[Read More…]