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ARTICLES FROM COVID-19 HUB
COVID-19: Future trends and their impact on the world
The trends shaping our world of tomorrow are changing rapidly with COVID-19. In this article, the multi-level perspective on societal change model will be used to explain various trends and their potential impact on the economy, politics, technology, society and resources. We are operating in a new, fast-evolving multipolar global landscape in which challenges are…
Covid-19: Humanity will rise as a force, stronger than a disease
Lockdown is like standing on the edge of what is known and unknown At the edge, you have options 1. You stand still, hoping that things go “back to normal” or 2. You wait to be rescued; or 3. You embrace the opportunity and boldly find your wings to fly. During Lockdown, there were many…
COVID-19 is likely to reshape the world – here’s how accountants can help
By Pieter Bensch, Executive Vice-President at Sage Africa & Middle East As an accountant, you have an invaluable role to play in helping your clients survive the COVID-19 outbreak and its economic effects. With the pandemic and the national lockdown battering nearly every company in South Africa, they need your counsel and practical advice more…
ITC and APC EXAM dates change due to Covid-19
We find ourselves in significantly challenging and difficult times: a constantly changing world which is volatile, uncertain, complex and ambiguous. With these uncertain circumstances we all need to rapidly adapt to change. Like many other organisations, SAICA finds itself in the position of having to make some very difficult decisions, particularly about the upcoming SAICA…
COVID-19 crisis – Audit offices responding in times of crisis
The outbreak of the global coronavirus pandemic has demanded an extraordinary response by governments around the world. The fight against the biggest health threat of our time requires of every parliament, organisation, company and individual to respond quickly to this challenge. It cannot be business as usual. The same applies to national audit offices. Not…
What good leaders do in a time of crisis
As part of SAICA’s Leadership in a time of crisis webinar series, CA(SA) and CFO of Discovery Health, Brett Tromp, shared his thoughts on what good leaders can do in a time of crisis. In good times, a leader’s role is straightforward: keep your company afloat, your staff employed, and your customers satisfied. It’s during…
The economic impact of COVID-19
SAICA hosted a webinar on 6 April 2020 where Annabel Bishop, Chief Economist for Investec Bank Limited South Africa, spoke about the effects of sub-investment grade status and the coronavirus on our country’s already struggling economy. SAICA is offering a ‘Leadership in a time of crisis’ webinar series as part of the Institute’s response to…
A Thought (or penny) to spare
While many have hunkered down literally ‘zooming’ across the net attending webinars, conference calls and Pilates classes from the comfort of their homes relatively safe from contracting the SARS-CoV-2 virus, fellow South Africans are facing an even bigger threat from the economic fallout created by the lockdown; the very tool deployed to prevent the spread…
SAICA Disciplinary Report Quarter 1 2020
Overview of the disciplinary process All member complaints received by SAICA are referred to the designated officer and allocated to the Legal and Discipline Unit staff for case management. All cases in which SAICA has jurisdiction are prepared for submission to the Professional Conduct Committee (PCC). The PCC is an independent committee chaired by either…
Wits PhD student wins award for invention vital to fighting COVID-19
Over five years Michael Lucas, a PhD student in the School of Mechanical Engineering at Wits, has developed a metallised coating that can be added to surfaces in hospitals to make them capable of self-sanitising. Lucas explains that most hospital surfaces are made of stainless steel and plastic and are sites of contamination. By adding…
ARTICLES FROM ACCOUNTANCY SA
Feature: What is self-service analytics?
It is estimated that by the year 2025, 463 exabytes of data will be created each day globally. To put that into perspective, in three years from now, the equivalent of 4,63 billion gigabytes will be generated every day! The present-day business already generates and collects data at an unbelievable pace, which needs to be…
Viewpoints: What voice personality are you?
Voice projection is not as simple as speaking loudly. Business Owner and Public Speaking Trainer You currently have a natural way of speaking that brings in all of these six elements and as a result, you can be classified as one of four voice personalities. #1: The slow and deliberate speaker Speaks very slowly and…
Viewpoints: VAT implications: temporary residential letting
The latest VAT Act amendment concerns the temporary letting of fixed property by developers (Taxation Laws Amendment Act 2021). The change comes into effect on 1 April 2022. New sections 9(13), 10(29), 16(3)(o), and 18D cover this amendment. Muneer Hassan CA(SA) Tax Consultant, Senior Lecturer in Taxation at UJ and Lecturer on the Gauteng Board…
Viewpoints: Is work-readiness training ever sufficient?
It is worth questioning whether work-readiness training in its current form is sufficient to enable efficiencies within the organisation over the long term. Therefore, for work-readiness to be effective, we need to consider the graduate’s previous experience and whether the current workplace can be an enriched environment. Zanele Maduna CA(SA) Founder and CEO of No-Valo…
RECOMMEND: Devising and publishing a business rescue plan
The Companies Act 71 of 2008 sets out the timeframes to formulate a business rescue plan and the format in which it must be presented after you have accepted an appointment as a business rescue practitioner and have met with the distressed business’ affected persons. The success or failure of the rescue will depend on…
RECOMMEND: The final countdown to IFRS 17 …
In five months’ time, insurers with a December year-end will leave IFRS 4 behind and will enter the new world of IFRS 17.1 The International Accounting Standards Board (IASB) issued IFRS 17 in May 2017, 20 years after the project on insurance contracts started. In June 2020, the IASB issued amendments to IFRS 17 to…
July 2022 Issue
Be a difference maker In John C Maxwell’s book The Difference Maker, he asks what can make a difference in our lives today? How can two people with the same skills and abilities, and in the same situation, end up with two different outcomes? He says the difference maker is an attitude − your attitude…
June 2022 Issue
Building trust and solving problems Everyone knows that financial expertise and operational know-how are vital for executives to manage profitable businesses. Still, nowadays a new set of skills is even more important, and recent research suggests that leaders with social skills and emotional intelligence are needed most. The study suggests that what is needed is…
Lifestyle: Motoring – Kia Sorento
In January 2021 Kia revealed its new global brand slogan, which signifies the automaker’s bold transformation. The new image is not only visible in its new logo but also in the all-new design philosophy Before the launch of the new Sorento, Kia leaked pictures of the tail-lights, and they were nothing like we had seen…
Lifestyle: Product review
In 2021, Jowayne van Wyk CA(SA), a Top 35-under-35 finalist, founded Jowa’s Grill (better known as Jowa’s Spices and Sauces), which has now expanded to Jowa’s Coffee and Jowa’s Nutrition. Jowa’s Hailing from the small town of Sutherland, Jowayne’s dream has always been to create something unique. He adopted his trademark name, ‘Jowa,’ from his…