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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Sustainable Development Goal 13

Tackling the greatest threat to human survival The United Nations paints a grim picture of what may happen if we are unsuccessful in our climate change efforts. With average global temperatures increasing beyond 3 °C (on the current trajectory), every ecosystem will suffer the consequences. Since we all share one planet, these changes threaten our…

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How to differentiate from the competition

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 −…

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VAT: Irrecoverable debts and clawback adjustment

A registered VAT vendor on the invoice basis that fails to make payment within 12 months after the expiry of the tax period in which the deduction was made must account for an output tax adjustment to SARS calculated on the unpaid amount. Recent amendments clarify the value of the output tax adjustment CREDITOR: IMPLICATIONS…

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Does tech build or break leadership?

Technology is a constantly evolving entity, one that penetrates every aspect of leadership, business and life, bringing significant progress and change. How might leaders meet the challenges of the age of AI and wield technological disruption to their – and their people’s – advantage?   Early in my career, I received an excellent piece of…

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Cybersecurity RESOLUTIONS EVERY BUSINESS NEEDS in 2021

Being able to retain customer trust has never been more important – or more difficult – following the events of 2020. With so much disarray and widespread changes to working patterns, such as the mass migration to remote working, the job of keeping businesses secure has never been more difficult Between more sophisticated cybercriminals and…

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