Competition-commission

Competition Commission finding on the banks


17 February 2017


The National Treasury notes with concern the statement issued by the Competition Commission on the completion of an investigation into price fixing and market allocation by 17 banks, including three South African banks, all of which have an international footprint. As the Competition Commission indicated in its statement, the matter has now entered a new phase in which “… the banks [will have] an opportunity to answer for themselves” at the Competition Tribunal. This process...More

Carla Clamp

Sustainability and diversity of experience are top of mind for SA directors


9 February 2017


The biggest issue on the minds of South African directors is that of sustainability, according to a new report on global corporate governance released by Grant Thornton. In the report entitled Boards of the future: steering organisations to thrive, 76% of South African business executives highlighted sustainability as a key area of focus, compared to only 35% of directors questioned globally. According to Carla Clamp, Director:  Advisory Services at Grant Thornton, this ele...More

Roula

Are South African Companies Ready for Tax Disruption?


8 February 2017


There is no doubt that tax authority activity has been rising steadily in recent times as financially strained governments press for higher revenue collections and media and public attitudes harden against perceived corporate tax avoidance. The audit activity has increased across the board with international tax and transfer pricing in particular leading the way. This trend is clearly reflected in the latest KPMG Global Tax Disputes benchmarking survey, in which 270 respondents...More

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LIFESTYLE: Travel: IN VIBRANT ISTANBUL


1 February 2017


Set on the European side of Istanbul, the high-rise InterContinental Hotel Istanbul is located in the heart of Istabul with breathtaking views over the Bosphorus waterway and historical city sky line. Istanbul is known to be one of the greatest cities in the world, where modern Western meets the traditional Eastern city. It’s an incredible experience – just a brief five-minute walk from the hotel will get you to Istiklal and Taksim Square district, many charming restaurants an...More

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CA WORLD: THE PROBLEM WITH BEING A CA(SA)


1 February 2017


How do we benchmark ourselves as CAs(SA) and what makes a good CA(SA)? After being posed with this question by his newly qualified cousin, Ismaa’eel Van der Schaff ponders about the answer and shares his thoughts on the matter When embarking upon the journey into adulthood, you arrive at a critical junction in Grade 11 or Grade 12 that is centred on the ‘What do I want to become?’ conundrum. You start a fact-finding mission that involves speaking to a variety of people...More

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COVER STORY: Working out the Cube


1 February 2017


Breeze your way through the trendy interiors of Cube Workspace’s new, dynamic office spaces with MD Wayne Windell as he tells us how came back to South Africa with incredible international experience and is now building a business with serious intentions of going global For a ‘now or never’ offshore experience, at 26 Wayne Windell packed his bags as a junior partner at PKF and left South Africa with his wife. Thriving on the travel element, he spent seven fast-paced and e...More

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CA WORLD: WHY ARE THE CEOS OF FOUR OF SA’S BIG FIVE BANKS CAS(SA)?


1 February 2017


South Africa’s high-profile banking industry is highly regarded – not only here but throughout the world.  A cogent reason for their impressive international standing is the quality of their management. Here’s what lies behind the nature of that quality This question may well be extended into the broader reaches of the economy. Thus: ‘Why are a large majority of successful business people chartered accountants (CAs(SA))?’ Our immediate focus is the banking industr...More