Feature: Divestment from fossil fuels

The issue of decarbonisation is complex for a country like South Africa, which is an emerging market heavily dependent on coal and with large social risks such as poverty, unemployment and inequality. If no action on climate change is taken, it could simply amplify our social risks. Therefore, universities and foundations must consider both environmental…

Focus: Sustainability reporting in the public sector

This article explores the intersection between corporate sustainability reporting developments and public sector reporting in South Africa Since the establishment of the Task-force on Climate-Related Financial Disclosures (TCFD) in 2015, the announcement of the International Sustainability Standards Board (ISSB) in 2021 at COP 26 and its subsequent establishment, and the introduction of new regulations in…

Focus: A pathway to accrual accounting for national and provincial departments

Sandiso Gcwabe CA(SA), CFO of the Western Cape Liquor Authority and Deputy Chairperson of the SAICA Southern Region Public Sector Committee, calls for a National Implementation Strategy and Plan for the adoption of accrual accounting for national and provincial departments by 1 April 2026 The continued use of the current Modified Cash Standard (MCS) for…