Competition Commission finding on the banks

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 Compe...More


How the new lease accounting standard IFRS 16 affects financing transactions

By Lionel Shawe, Managing Partner at Allen and Overy and Lauren Tunstall, PSL at Allen & Overy On 13 January 2016, the International Accounting Standards Board (IASB) issued its new international lease accounting standards IFRS 16 Leases which removes the distinction between finance leases and operating leases for lessees with effect from 1 January 2019. The new lease accounting rules will affect most companies that report under the full IFRS...More


Jurgen Boyd CA(SA) to lead investment institutions

Following the departure of Mr Bert Chanetsa from the FSB at the end of December 2016, Adv. Tshidi, in his capacity as the Registrar in terms of the Financial Markets and Credit Rating Services Acts has delegated his powers and functions to Mr Jurgen Boyd, who will exercise the said powers and functions in addition to the powers and functions as previously delegated to him as the Deputy Executive Officer (DEO) of Collective Investment Schemes. Mr Boy...More


Listed Namibian Property company appoints Carel Fourie CA(SA) as new Chief Executive Officer

Oryx Properties Limited, the only Namibian property company listed on the Namibian Stock Exchange, has announced the appointment of Carel Fourie as its new chief executive officer with effect from 1 March 2017. Oryx Properties has a premier-quality retail, industrial and office real-estate portfolio valued at about R2.326 billion which generates a dependable, sustainable and growing income stream for investors. These include the major Namibian shopp...More



Charl de Villiers Johnathan Dillon Alta-Mari Grebe Carlo Botha George Diab Huzaifah Elias Chantelle Loots Tumi Hlongwane Waseem-Ahmed Carrim Johan Ferreira Raymond Ledwaba Faraimose (Mose) Kutadzaushe Louw Barnardt Siyanda Gule Graeme Marais Greg Magid Liaan Kretzchmar CHARL DE VILLIERS, 31 CHIEF FINANCIAL OFFICER, STELLAR CAPITAL PARTNERS LIMITED Ideally, Charl de Villiers would have wanted to qualify as both a chartered accou...More


Palesa Makobe is shattering chartered accountancy’ glass ceiling

Chartered accountancy has a long history of being a male-dominated profession. Indeed, according to the most recent member statistics from the South African Institute of Chartered Accountants (SAICA), only 35% out of all of South Africa’s registered chartered accountants (CAs[SA]) are women, with female African CAs(SA) making up just 5% of total membership. While still woefully underrepresented, African women in this high-powered industry are ...More