Compliance is one of the key’s to businesses success in SA. reason being this speaks to the reputation of the business. “Compliance refers to when an organisation adheres to certain standards, regulations and legislation which has been put in place by the country and/or industry in which it operates.”

Having policies in place is an important and strategic link for an organisation to realize its vision and be compliant with the countries privacy and employment laws. Furthermore, policies can be developed in response to unethical, but common behaviors such as fraud, corruption, money laundering and bribery.

BENEFITS OF COMPLIANCE 

When a business compile with regulatory requirements it beings about a positive off spin for the business with include customer confidence, consumer satisfaction and a reduction to repetitional, financial and regulatory risks

COMPLIANCE NEEDED FOR A SUCCESSFUL BUSINESS

1. Register with the Companies and Intellectual Property Commission (CIPC);
2. Registration for Tax;
3. Check for industry compliances;
4. License your business;
5. Check your health and safety policy.