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Introduction to the Business Environment (3.SIYAFUNDA PROPRIETARY LIMITED…
Introduction to the Business Environment
Governance Framework
Regular Meetings with staff
Risk Management Framework
Human Resource,Accounting and Finance related activities
2.SIYAFUNDA PARTNERSHIP
Appointed two additional Staff from the University.
Both partners were Financially liable for the debts of the business.
James and his Lecture, Mr Peter decided to form a Partnership under the name of Siyafunda Partnership.
3.SIYAFUNDA PROPRIETARY LIMITED COMPANY
Strategic Planning: Growth and Diversification
James was responsible for managing the company as an Executive Director while Mr Peter was a Non-Executive Director.
The Company's Organisational Structure:
James became a Chief Executive Officer
Mr Peter became Chief Operating Officer
Mr Naidoo became a Chief Financial Officer
Susan became a Director of Human Resource
1.SOLE TRADER
The business went well and James became sustainable and successful towards paying Mr Peter for his Interest free Loan.
James acquired a Loan from his Lecture (Mr Peter) as his Start-up Capital.
Became Responsible for the day to day operations of his business.
4.SIYAFUNDA PUBLIC COMPANY (PTY)
The Company had to adhere to the Companies Act of 2008 and the King Report on Corporate Governance.
The business provided guidance on sound governance with the following Principles and Practices:
Information technology governance.
Building an Ethical organisational culture.
Boards and Committees.
Risk Management.
Shareholders Relationship