Page 4 - KZN Business Sense- Vol5 No4

DO YOU NEED TO TAKE ACTION?

Marlene Powell, realised that family needed to Marlene believes she is now
ActionCOACH come first, and felt the need to be living her dream, with strong Marlene has helped us make
back with them. After constant support from her husband Geoff, decisions that have helped differentiate
weeks of traveling she realised that and son Dylan who encouraged
leven she was missing out on a lot and her to turn her dream into a ourselves from our competitors. We
years ago, that the people she was traveling to reality. Says Marlene, “Either
EMarlene Johannesburg for were the people you can take ownership, have definitely seen the rewards of
Powell left her role that wouldn’t even make time to accountability or responsibility
in the financial come to her funeral, leading to her to achieve your dreams or you having Marlene coach our team.
sector of the deciding that she needed to make can find blame, excuses or be in
corporate world a change and make time for the denial… The choice is up to you.” - Gopals Bags
to become important people in her life.
ActionCOACH’s “As a business owner myself, programme,” says Marlene. “My (time with family and friends,
first woman Marlene explains, “I loved I value quality of life – just down to earth, no nonsense hobbies)
business coach in South Africa. entrepreneur and author, like everyone else should. By approach has been commented on ■ I am the business even with a
implementing simple and
Having come to a cross road in Brad Sugars, the founder – and the fact that I am passionate team
her life Marlene realised that her of ActionCOACH’s vision.” practical tools into my clients’ to help my clients spend more ■ I would have a better life if
businesses, I help them to create
career wasn’t as important as she After business owners were more money and time to allow time on their businesses and not I was employed than currently
thought it was after 27 years, and approaching him for business
consultations, Sugars’ realised them to enjoy the finer things slogging day in and day out in being a business owner
that the missing component in life. It inspires me to help their business.” ■ I have one or more staff that do
Thanks to between knowledge and people spend more quality time Marlene’s personal brand is not bring value to my business
doing what they love doing.
Marlene’s implementation was coaching. “As your business coach and defined by precision in all that she For all serious business owners
Consequently, Sugars company
does so it is not surprising that
coaching, our Action International (now advisor, I will help you deliver the Westville based franchise has looking to take back control
the results you desire using
of their business, spend more
known as ActionCOACH) was
consistently been placed in the
business has born in 1993. ActionCOACH proven tools, methodologies and Top 100 in the world. quality time with those who are
systems, tested and perfected
important in their lives then
has grown to be one of the
expanded fastest growing franchises in over tens of thousands of experience one or more of the engage with Marlene and take
If you as a business owner
businesses worldwide for over
up a Complimentary Business
exponentially. the world and is the number more than two decades. I will below you need to take ACTION! Strategy Session. 
one business coaching firm in
hold you accountable for your
I find myself putting out fires
We just wish the world. There are currently results and just like a sports ■ within my business Contact Lauren to book your
more than 1200 ActionCOACH
coach, push you to perform at
that we had offices in over 80 countries optimal levels.” ■ I find myself sacrificing the appointment 031 266 9394 or
laurenfuller@actioncoach.com
with 50 coaches in South
found her Africa. With hundreds of from a variety of business important things in my life www.marlenepowell.actioncoach.com
ActionCOACH clients come
proven systems and strategies
sooner! that have been developed are backgrounds.
guaranteed to get results for “They value my input as they
- Woza Moya entrepreneurs and business have seen business growth from
owners around the world. the inception of their coaching
THE EXPANDED POWERS OF THE PUBLIC AUDIT ACT
CONSIDERATIONS FOR PRO-ACTIVE MONITORING

Dhiren Naicker, Associate Director in the a public sector institution or the administered and controlled via
KPMG KZN Advisory Unit general public.” a structured Certificate of Debt
process, which is further outlined
mendments In terms of how the MI definition in published Material Irregularity
to the meshes into the legislative Regulations.
APublic amendments, the key changes now
Audit Act (PAA) permit the Auditor General (AG) It is therefore very clear that the
have introduced to refer any suspected material heads of public sector institutions
revolutionary irregularities identified during need to be even more vigilant,
provisions which an audit to a Public Body (such as and pro-active in promoting good
significantly affect the Public Protector, Hawks etc.) governance principles. Business
the Public for investigation. The AG may functions in turn have an elevated
Sector in South also choose to investigate possible role to play in helping officials
Africa. material irregularities internally if prevent, mitigate and implement
this is considered more practical. controls/processes that help reduce
In order
to better The most crucial change non-compliance, and thereby contravention of terms and What is clear though, is that all
interpret the importance of these however is the introduction of lower the chances of possible conditions in contracts entities need to ensure the strategic
requirements, it is imperative to a “Certificate of Debt”. The new material irregularities occurring. ■ The development and planning process considers the
first understand the concept of pronouncements direct that if a This may mean rehashing standard implementation of continuous effect of this landmark change, and
a “material irregularity” (MI), material irregularity has resulted approaches, and considering: audit tools over key business incorporates adequate measures
which as defined in the PAA, in a loss of funds to the state, the ■ Harnessing the power of data processes, to actively monitor to continuously address its
“means any non-compliance funds could be recovered directly analytics to enable the prompt violations to the PFMA or provisions. 
with, or contravention of, from officials in their respective identification of potential non- MFMA
legislation, fraud, theft or a personal capacities. compliance. The performance ■ Deep-dive, real-time gated T: 031 327 6000
breach of a fiduciary duty There are various factors which of robust data analysis and reviews into Major Capital or E: dhiren.naicker@kpmg.co.za
W: www.kpmg.co.za
identified during an audit would have to be considered stratification will identify trends IT Projects, to identify possible
performed under this Act that before an audit finding could be and discrepancies for further cost, time and scope extensions
resulted in or is likely to result classified as a MI, and consultation internal review and will assist that may not be valid
in a material financial loss, the would have to occur between with raising potential red flags The above represents a few
misuse or loss of a material public management, and the auditors. ■ Utilisation of cognitive contract recommended initiatives that
resource or substantial harm to Furthermore, the process will be management tools to identify would need to be tailored by entity.

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