Document background
The Client Entertainment Policy serves as a crucial governance document for organizations operating in South Africa, providing clear guidelines on appropriate business entertainment practices while ensuring compliance with local regulations. This policy becomes necessary when organizations regularly engage in client entertainment activities and need to establish consistent standards for expense management, approval processes, and compliance requirements. It addresses key aspects such as spending limits, documentation requirements, and approval procedures, while incorporating specific considerations required by South African legislation, including the Income Tax Act, Prevention and Combating of Corrupt Activities Act, and relevant financial reporting standards. The policy helps organizations maintain proper controls over entertainment expenses while fostering positive client relationships within acceptable business practices.
