TRANSFORMING THE AUDITING PROFESSION The phrase, “I want to be an auditor when I grow up” has probably never been uttered in a primary school anywhere in the world. Unlike the medical and legal professions, there are no TV shows set in auditing firms. But the auditing profession is undeniably crucial, protecting, as it does,…
“Back in the 70s and 80s things never changed as much, it was like the world stayed the same for longer, you know!” These are the words of a man sixty three years old in corporate South Africa. We were discussing the constant change in his work environment, after the company he worked for was…
Om te kalf is vir ‘n koei om geboorte te gee. Maar daar is ‘n ander tipe, alledaagse ‘kalf’. Dit is wanneer dinge ineenstort, en dis die een wat ek in gedagte het! Ons ekonomie kalf momenteel. Net nageboorte waar jy kyk, en nie ‘n mooi aangesig nie. Dit het tog so onskuldig begin. Huishoudelike…
INTERNATIONAL TRADE WITH SOUTH AFRICA The return of South Africa to the international community after the 1994 elections revolutionised the country’s position in the international trade arena. Less than two decades ago the South African economy was characterised by apartheid legislation and international sanctions. This resulted in a closed economy, marked by high tariffs, subsidies…
Readers may be forgiven if they believe that the title of this article refers to Eskom. It does not, although Eskom’s proposed savage increases in the price of electricity may well prove to be a catalyst in persuading the Minister of Finance to revise some of his tax policies. Policies which were admirable ten years…
SAICA’s National Tax Committee and its work The committee operates to support the overall objectives of The South African Institute of Chartered Accountants (SAICA). PURPOSE The purpose of the committee is to be the most influential committee on decisions made by stakeholders on South African tax matters, particularly in respect of decisions made by the…
South Africa has recently seen a significant increase in mergers and acquisitions. Despite global market tumult and poor conditions in debt markets, transactional activity is continuing, where market players see the opportunity to get good deals done, and to restructure their entities to respond to the fast evolving environment. As the cost of funds for…
ISLAMIC FINANCE 1 Fundamentals of Islamic Finance The purpose of this article is to explain the fundamental principles and underlying philosophy of Islamic Finance, and to explore the possibilities of the implementation thereof in South Africa. Firstly, the philosophy and socio-economic rationale underpinning Islamic Finance will be introduced, as it will be difficult to appreciate…
His article deals with the manner in which the number of days in which to lodge an objection are to be calculated as well as certain aspects of the rules governing objections and appeals. The Manner in which the Number of Days in which to Lodge an Objection are to be Calculated The rules regulating…
It was Shakespeare’s Julius Caesar who said: “If you have tears, prepare to shed them now”. While tears may be common in movies and on stage, it is rare to find them employed by legal counsel. In the course of a trial in the United States, where the jury system operates in serious cases, counsel…
