Municipal audit outcomes reveal public sector financial management must be professionalised SAICA calls for [mandatory] higher qualifications and skill levels for key municipal finance posts The South African Institute of Chartered Accountants (SAICA) notes with concern the Auditor General’s report of the audit outcomes for local government, which showed that only 8% of municipalities received…
Yvonne Chetty: a passion for an efficient public sector and mentoring In 2010 Yvonne Chetty became the first chief financial officer (CFO) at the Department of Energy, previously part of the combined Department of Minerals & Energy. She still holds the post after almost a decade and has a clear overview of what is required…
Ensuring no prospective CA(SA) is left behind In the wake of the COVID-19 crisis, Chartered Accountant [CA(SA)] and Founder of Future Nation Schools Sizwe Nxasana talks about the macro-economic impact that our country will suffer if the accountancy profession fails to grow and transform its pipeline during the COVID-19 pandemic. As a country and as…
One of the organisations enabling young professionals in the public sector to acquire professional accounting designations is the Public Service Education and Training Authority (PSETA). In their last intake of learnerships (2018/2019) for graduates and professionals in the public sector one lucky young lady, Asanda Nojilana, saw her career getting a boost after she applied…
Raymond Khotsofalang Mayekisa AGA(SA) is keen businessman, model, stylist, MC, and a freelance broadcaster at Inkonjane Community Radio station popularly known as RK Mayekisa. But his favourite business venture remains to be a fun-filled flea market that is helping other businesses to flourish. Raymond Mayekisa was born and bred in Matatiele, Eastern Cape. After completing…
Every successful business needs a fit-for-purpose finance team to ensure that it succeeds in times of adversity and that its financial reporting is reliable according to acceptable accounting practices. To achieve this many companies are beginning to professionalise their finance and accounting teams tasked with looking after their day-to-day finances, but where does a company…
When I am asked, ‘You must be so busy with the provisional tax due,’ I look at people with raised eyebrows and think to myself, my specialisation is auditing and accounting, not tax. There is often a misperception that if you do your training at a smaller firm you will be doing more accounting and…
Studying at a tertiary education institution as we know it has changed, and whether these changes will have a permanent effect on the way education is approached is still to be determined On 26 March 2020, a national lockdown was implemented in South Africa in an attempt to curb the spread of the notorious coronavirus.…
As a matriculant, entering the world of university is not only the next phase of your life, it’s everything you have been working towards in school. Waiting in anticipation for the matric results to be released is both stressful and exciting − it’s the moment you find out if you can start on your journey…
The review note conundrum Review notes are these little computer versions of sticky notes which your reviewers raise to assist you in identifying mistakes and how to correct them … And the fun part is you usually get to answer them in your own time at home There are a few things about review notes…