A new global minimum tax is welcomed in Africa, but curbing illicit flows and broadening the tax base would be much more important Africa will likely benefit from the OECD-driven new global tax agreement signed in October by nearly all of the world’s countries, which would set a minimum corporate tax rate of 15% across…
What is clear is that business rescue practitioners are required to always act with a high degree of integrity and honesty. This applies before the commencement of business rescue proceedings, during those proceedings, after the adoption of a business rescue plan, and often after the company is taken out of rescue Given the importance of…
The auditor’s report is the final audit product that users of financial statements and the general public interact with, and therefore it is important that the auditor’s report accurately reflect the outcome of the audit in accordance with the appropriate standards and requirements The IRBA Inspections Findings Report 2020 indicated that certain recurring deficiencies have…
TURN YOUR ‘SHOULDS’ INTO ‘MUSTS’. We have had a year full of surprises, highs and lows. A year where we once again appreciated our health, the time spent with loved ones and a support system to carry us through the lows. We are ending the year with a highlight by introducing you to our Top…
The 2021 Cinderella pantomime produced by Janice Honeyman is a perfect way to enjoy the festive season in Johannesburg. Once upon a time a girl named Cinderella lived with her two stepsisters. Poor Cinderella had to work hard all day long so the others could rest. One day big news came to town. The King…
SME development has been on the agenda since the days of the Mandela presidency – and yet, South Africa’s small businesses continue to founder. Their precarious state has been placed under even more pressure by unforeseen events such as the pandemic lockdowns and July riots, and, with our unemployment rate now standing at more than…
As a community of solvers, PwC Africa has strengthened its societal purpose strategy in response to unprecedented change Many organisations need to refocus in response to technological disruption, climate change, fractured geopolitics, and the continuing effect of the COVID-19 pandemic, among others. There is now a sense of urgency with regard to successfully responding to…
A decentralised autonomous organisation (DAO) is essentially a very large vending machine living on the blockchain. It only does what it is programmed to do, with no possibility for human intervention. DAOs allow anyone with an idea to coordinate, pool funds, and even create tokens that represent their share within the organisation Monica Singer CA(SA)…
As professionals start to return to the office after a prolonged period of working from home, there is a new curiosity about the meaning we ascribe to our work and how this fits into our revised frame of the world. Some interesting patterns are emerging, and we consider what they mean for sustained personal growth…
Strategy formulation and risk management Environmental scanning To assist with strategic planning, SAICA management conducted a comprehensive environmental scan and diagnostic review. Its purpose was to understand SAICA’s current internal state and the external environment, the impact of the COVID-19 pandemic, and to identify key internal and external issues facing SAICA. The external environment scan…