In a complex world where economic conditions are constantly fluctuating and regulatory frameworks are expanding, compliance has evolved into a crucial element of corporate governance and risk management. Businesses in South Africa are governed by multiple laws and regulations that affect how they operate, ranging from data protection legislation to labour laws to environmental restrictions and financial reporting requirements. Compliance with these requirements is not just a legal obligation but also a key aspect of maintaining a company’s reputation and competitive edge. In this article, we look at the importance of compliance for businesses and explore some strategies for effective compliance management.
POPIA, Compliance, GDPR