In the past few years, Mercedes-Benz have been losing out on a section of the SUV market. That has all changed with the launch of the GLC: a midsized SUV that competes with vehicles like the BMW X3, Audi Q5 and Volvo XC60. But Mercedes did not stop there – they also went ahead and…
As the demand for analytical skills increases, so the supply becomes a growing issue and this is bound to continue into the foreseeable future. South Africa, for several reasons, is simply not training enough people to perform advanced analytics Small and medium-sized businesses have been the most impacted by this issue – but they need…
Unpacking technology imperatives for chartered accountants How will the maturation of data science combined with advancements in artificial intelligence revolutionise the role of the CA(SA)? Last month we ventured into the future by touching on disruptive technologies and how they are helping to shape (or in many cases reshape) our profession. In this, the second…
Many South Africans are faced with the situation of having to financially support not only their own children but their parents or other family members too. While it is always done with good intentions, this group of people can make the mistake of neglecting their own financial well-being by prioritising their family’s needs. In these…
Why is now the time to implement B-BBEE in your business? For quite a number of reasons. In these articles, this year we have discussed some important technical issues to keep in mind when deciding on a B-BBEE strategy. We said that although B-BBEE inherently remains a ‘grudge purchase’ for most, if the intent is…
In the Industrial Revolution of the late 18th and early 19th centuries, one new force changed everything. And according to McKinsey, today our world is undergoing an even more dramatic transition as a result of the union of four fundamental disruptive forces – urbanisation, accelerating technological change, an ageing population and greater global connections –…
We recently binged the Netflix show 13 Reasons Why. The series is about a teenager committing suicide after suffering demoralising circumstances and the 13 reasons she gives for ending her life is getting a lot of attention. 2017 Estimates by the World Health Organisation show 800 000 people die as a result of suicide every…
Non-Compliance with Laws and Regulations (NOCLAR) In line with the changes to the International Ethics Standards Board for Accountants (IESBA) Code of Ethics for Professional Accountants (IESBA Code), the SAICA Code of Professional Conduct (SAICA Code) was updated in December 2016 to include new, first of their kind ethics requirements and guidance to assist members…
Section 24I of the Income Tax Act 58 of 1962 was introduced to deal with foreign exchange gains and losses on any unit of currency on hand, debts due to or by a taxpayer, forward exchanges contacts, and forward currency option contracts. Where a debt is therefore due to a South African taxpayer (not a…
Responsibilities of the audit committee This is the second part in a series of articles on the 1-2-3 of audit committees. In the first part, we gave an overview of the recommendations The Institute of Directors in Southern Africa issued the King IV Report on Corporate Governance for South Africa, 2016 (King IV Report) on…