Seneca said: ‘People are frugal in guarding their personal property; but as soon as comes to squandering time, they are true most wasteful of the one thing in which it is right to be stingy’. The world has changed. We are suffering fatigue and frustration as we continue our journeys of untangling our work and…
In my previous article, I posed the following scenario. An individual finds himself in a body of water with no means to stay afloat and unable to swim ashore. Flanking the shore are several individuals, each positioned at a vantage point that offers a clear view of the person slowly sinking. However, rather than aiding…
Looking at how this year has started off, with the second wave of COVID-19 combined with restrictions imposed by government, small businesses will continue to suffer. It will thus come as no surprise if this upward trend in new business registration continues to rise in 2021. Parallel to this, here is another important statistic −…
In a series of interviews, I explore the approaches of different business leaders (all chartered accountants) to strategy. This month I was in conversation with RACHEL NKGODI, deputy group chief financial officer at Alexander Forbes During our conversation, Rachel Nkgodi highlighted various important and practical aspects relating to strategy. The practical aspects of strategy Strategy…
‘We don’t accomplish anything in this world alone; whatever happens is a result of the whole tapestry of one’s life and all the weavings of individual threads from one to another that creates something’ − Sandra Day O’Connor Over the past few years, I have seen quite a few of my ideas come to…
These changes can be summarised as follows: Changes to the SAICA Code to align with the amendments made to Section 321: Second Opinions of the IRBA Code The changes include: The incorporation of practical and relevant guidance from Circular 01/2006, Giving Second Opinions (the Circular), issued by the IRBA’s Committee for Auditing Standards in November…
Evolving stakeholder needs The world is grappling with complex challenges such as climate change, the depletion of natural resources, technology disruptions and the impact of global pandemics like COVID-19. Traditionally, corporate reporting has been mainly centred on the financial performance of an entity. This is now evolving as stakeholders are interested in not only the…
Zahid and Zahida Fakey are both CAs(SA) and far from the typical couple. They have taken a unique journey to find their ultimate purpose in life and today we read about their extraordinary story. Last year, in Level 5 of lockdown, the opportunity to make a difference blatantly presented itself and they courageously launched #weFEEDsa…
The next normal A little bit more than a year ago our lives changes forever when our country went into full lockdown. People were talking about the ‘new normal’, while everyone was unsure what exactly that would entail. Fast forward to today, and there is still uncertainty about what is in store for us. In…
After making the tough decision to enter your company into business rescue protection, you are faced with making the most important decision for the business’ future success – who do I appoint as my business rescue practitioner (BRP)? Planning to enter business rescue It is well documented that the key to success in the business…