SAICA offers three reputable professional accounting and business designations from a foundational to a strategic level of accounting and business competence –

Accounting Technician [AT(SA)], Associate General Accountant [AGA(SA)] and Chartered Accountant [CA(SA)].

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ARTICLES FROM COVID-19 HUB

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Valuable business lessons learnt from COVID-19

Is it really all doom and gloom? What are the lessons, if any, that we can take from nearly a full year of restrictions on trade? As I write this, we are in the midst of a second wave of the COVID-19 pandemic. Businesses that needed a busy festive season or, alternatively, those that needed…

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From Cashless to Digital: The COVID-19 Tipping Point

COVID-19 has been a catalyst for the global adoption of cashless payments, with the disruption expected to effect lasting changes in the way people spend. While consumers had already begun to embrace digital payment options prior to the pandemic, the health crisis has rapidly accelerated the adoption rate with more consumers seeking safer, contact-free payment…

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Covid Alert SA App now available

Join the COVID ALERT SA community. Slow the spread of COVID-19. Stay Safe, protect loved ones, your community and all of South Africa. Let’s work together to save lives. The COVID ALERT SA app gives you the power to slow the spread of COVID-19 in South Africa and to keep yourself, your loved ones and…

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COVID-19: Data and technology empowering business travellers

As South African corporates gradually return to the boardroom, road warriors are longing to take back to the skies and resume business negotiations, build relationships, and discuss new business opportunities. Although business travel is permitted in South Africa, the pandemic has kept everyone on their toes with regulations changing frequently. As consulting firm McKinsey put…

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The Forward-Looking Accountant

Technology is taking over some routine tax and accounting tasks. This means accountants now need to make the move to trusted business advisors. William Reeb and Dominic Cingoranelli asked an important question in their book Becoming a trusted business advisor: how to add value, improve client loyalty, and increase profits, namely if accountants can name…

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KPMG CEO calls for strengthening of South Africa’s CA pipeline

Ignatius Sehoole KPMG CEO calls for strengthening of South Africa’s CA pipeline KPMG South Africa CEO Ignatius Sehoole has called for more vigilance than ever in South Africa’s accounting sector, as the Covid-19 crisis poses a unique challenge to the business environment. He calls on the South African Institute of Chartered Accountants (Saica) to aid…

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The future of investment

The new normal is redefining the new investment landscape, but is it really that bleak for Africa? There is plenty of cynicism and negativity when it comes to South Africa and investment in its future. The recent downgrade by Moody’s was felt particularly keenly in light of the COVID-19 national lockdown and the inevitable economic…

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COVID-19 and retirement funds

We are living in unprecedented times, and the COVID-19 pandemic is affecting everyone differently: we are in the same storm but not in the same boa. The lockdown following the outbreak of the COVID-19 pandemic is resulting in significant financial strain. Many employers are unable to pay salaries or have been forced into a position…

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COVID-19’s impact on student learning

The arrival of the novel coronavirus has received much media attention coverage over businesses, vulnerable communities and the economy. This article highlights a few critical aspects of how COVID-19 has impacted CAs-in-training from the perspective of Wits School of Accountancy lecturers. COVID-19 first hit South Africa in March 2020. Wits took the decision to bring…

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ARTICLES FROM ACCOUNTANCY SA

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July 2021 Issue

REVOLUTIONARY SKILLS FOR THE FUTURE The past year has taught us that you cannot predict what the future will hold. Many unexpected factors can have an impact. However, as business professionals, you can ensure that you have the requisite skills to stay relevant in the business world. Research shows that by 2030 the likelihood of…

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Corporate tax rate reduction

The Finance Minister, in his budget speech delivered on 24 February 2021, announced that the corporate income tax rate will be lowered to 27% for companies with years of assessment commencing on or after 1 April 2022. This rate reduction will be done alongside a broadening of the corporate income tax base. Sunset clauses National…

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Sustainable speaking

Speaking is a daily activity and not just a ‘performance’ for your next virtual meeting or live event. You need to instil some actions, behaviours and disciplines to make speaking natural, relatable, and sustainable.   Non-negotiable You are the presentation and slides are your tool. Slides should never take over you as the presenter. If…

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SDG 1: Ending poverty, large but vital SDG aim

With the struggle to overcome poverty high on the South African national agenda, it is particularly relevant for leaders in all sectors of the economy to examine the UN’s SDG 1 and the progress being made locally towards attaining it. The aim of the UN’s Sustainable Development Goal 1 (SDG 1) is stated briefly and…

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Audit Reform: The importance of a well-functioning corporate reporting ecosystem

The establishment of the Sustainability Standards Board (SSB), which will have consistency in ESG reporting in 144 jurisdictions, would be the beginning of a comprehensive corporate reporting system. Corporate reporting can only be well functioning if it is comprehensive. The more comprehensive, the better the quality of comparability, the more informed the information for users,…

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June 2021 Issue

CAs(SA) AS DIFFERENCE MAKERS When you think of a difference maker, it would be someone that has an impact on others’ lives. Some would say that we were all created to make a difference, so we all see ourselves as difference makers. SAICA recently launched its ‘difference maker’ concept in alignment with Chartered Accountants Worldwide’s…

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