financial management

Guidelines to Prepare Your Annual Report

Annual Reports are excellent marketing tools for your nonprofit organisation

Your nonprofit organisation’s annual report allows you to share the story of your organisation and its successes with your various target audiences. It is through your annual report that you build and maintain support for your organisation’s brand. This is achieved by encouraging, inspiring, thanking and motivating current donors, volunteers your organisation’s staff. They are also wonderful marketing tools for potential donors, volunteers and staff.

Corporate Governance in South Africa: Weak Links that Allow Fraud and Corruption to be Rampant

One has now lost count of the number of fraud and corruption incidents that get reported in the media - almost daily.  Most would agree that this indicates our corporate governance is collapsing, has completely collapsed or that it needs some serious re-vamp. The fact that fraud and corruption incidents do get reported, confirms that corporate governance still works – but mainly on the detective side.

NPO forecast for 2010

This past year has been a tough one for all in South Africa but we have survived albeit battered and bruised. The 2010 Soccer World Cup is only a few months away and there are signs that the economy is picking up and a positive spirit is responding to this stimulus.

CSI will stay flat

Free Guide to Financial Management for NGOs

The Free Guide to Financial Management for NGOs offers many resources you can download for free, such as a financial health check, a financial management manual, a complete Excel-based financial system, top tips on specific financial management issues faced by NGOs, case studies and many other tools. Produced by the Management Accounting for Non Government Organisations (MANGO), the guide is divided into the following; introduction, getting the basics right, what NGOs do and resources.

Africa on the Agenda at G20

With South Africa being the only African country with a seat on the Group of 20 (G20), while serving as co-chair of the working group on reforming the International Monetary Fund, it has "a moral obligation towards the continent to call for more responsible management of the global financial system".

Inflation Hike for Zimbabwe

The Central Statistical Office reported yesterday that Zimbabwe's inflation quickened to 0.6% month on month in June from -1.0% in May.

Zimbabwe’s new unity government, formed by rivals President Robert Mugabe and Prime Minister Morgan Tsvangirai in February, has adopted the use of multiple currencies to stop hyperinflation, which rendered the country’s currency worthless.

The CSO, which resumed calculating inflation figures in December, having last released data for July 2008, did not give year-on-year statistics.

Zim NGOs Demand Seized Funds

NGOs want Zimbabwe’s cash-strapped power-sharing government to return money seized by controversial central bank governor Gideon Gono and allegedly used to prop up President Robert Mugabe’s old government.

The National Association of NGOs (NANGO) says it has written to Finance Minister Tendai Biti demanding that he outline a repayment plan when he announces a mid-term national budget statement to Parliament this week.

Shame on Lotto

My name is Robin Opperman, and I am the Director of the Umcebo Trust. We run a non-profit art and craft trust, based in Durban. We applied in the most recent Lotto round of applications, and submitted end of February. We received the standard acknowledgements and within the past two weeks were very excited to receive correspondence from Lotto asking for elaboration on a number of issues related to our application.

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