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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COVID-19 Possible alternative futures for South Africa

The nature of the COVID-2019 pandemic reaches into every sphere of society – political, economic, social, technological, environmental and legal – necessitating careful consideration of the long-term consequences of our decisions in response to the pandemic and requiring alternative futures to be considered. The purpose of this article is to describe four possible alternative futures…

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Coronavirus accounting considerations

Coronaviruses are a family of viruses that can cause illnesses such as the common cold, severe acute respiratory syndrome (SARS) and Middle East respiratory syndrome (MERS). In 2019, a new coronavirus was identified as the cause of a disease outbreak that originated in the city of Wuhan in China. The virus is now known as…

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COVID-19 crash What South Africa can learn from previous market crashes

The JSE ALSI recovered more quickly than the major US and UK indices during the last two crashes. The global economy was already on a fragile footing when a Black Swan appeared in January 2020 in the form of coronavirus disease 2019 (COVID-19). The impact of the disease and the fallout from countermeasures have jolted…

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COVID-19 lockdown and tax-and unemployment-related matters

The COVID-19 lockdown currently in place will have an impact on tax-related matters. This includes contact with SARS, returns and payments due to SARS, as well as disputes. It also has an impact on employers and their employees. While a lot of information was available at the time of writing of this article, it is…

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COVID-19: Measures to mitigate economic impact

COVID-19: Measures to mitigate economic impact In the wake of the COVID-19 pandemic, the President, on Monday 23 March, announced significant and far-reaching measures aimed not only at slowing the spread of the virus, but also at mitigating its effects. In this regard, it has become clear that the pandemic will have an adverse effect…

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Risk, Resilience and COVID-19

Risk, Resilience and COVID-19 Opinion by Vanessa Thurlwell of Mondial Risk and Business Consultants and Craig Kent, Head of Risk Management at Aon South Africa. South Africa made it to 5 March 2020 before our first official confirmed case of COVID-19 was announced by Health Minister, Zweli Mkhize. The case load is now rapidly increasing…

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Company taxation in the time of COVID-19 lockdown

Company taxation in the time of COVID-19 lockdown Jared Waters a Principal at Bravura Structured Solutions, highlights the potential complexities that could arise for Corporate South Africa amidst the country’s COVID-19 lockdown period.   President Cyril Ramaphosa announced South Africa’s nationwide lockdown for a period of 21 days in an effort to slow down the spread…

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Covid-19: Financial and Business Lessons

Covid-19: Financial and Business Lessons The year 2020 was earmarked to be the ’20-plenty’ year. A year filled with great expectations, abundance, growth, achievement and joy. The outbreak of covid-19 brought those expectations to a sudden halt. It almost feels unreal that a virus can have this significant impact on the entire world. The world…

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Covid-19 lockdown and tax and unemployment related matters

Covid-19 lockdown and tax and unemployment related matters Authors: Piet Nel and Juanita Steenekamp SAICA The Covid-19 lockdown currently in place will have an impact on tax related matters.  This includes contact with SARS, returns and payments due to SARS, as well as disputes.  It also has an impact on employers and their employees.  Whilst…

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Covid-19: Important Tax Related Matters

Possible tax interventions to mitigate the economic effects of the COVID-19 pandemic in the South African context SAICA made a submission to SARS on 17 March 2020, requesting the Commissioner of SARS to consider various aspects regarding tax compliance due to COVID-19. The Tax Administration Act, 2011 provides for the potential remission of penalties and…

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The forgotten factor: The people behind the automated finance function

Many businesses are automating their finance functions in the time of digital transformation. There is certainly a case to be made for this. The time saving alone can save millions for any one business as repetitive tasks are streamlined and analyses processed, which of course all moves to support better strategic decision-making. It is then…

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Updated SAICA Code of Professional Conduct

These changes can be summarised as follows: Changes to the SAICA Code to align with the amendments made to Section 321: Second Opinions of the IRBA Code The changes include: The incorporation of practical and relevant guidance from Circular 01/2006, Giving Second Opinions (the Circular), issued by the IRBA’s Committee for Auditing Standards in November…

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The rise of responsible, sustainable and inclusive capitalism

Evolving stakeholder needs The world is grappling with complex challenges such as climate change, the depletion of natural resources, technology disruptions and the impact of global pandemics like COVID-19. Traditionally, corporate reporting has been mainly centred on the financial performance of an entity. This is now evolving as stakeholders are interested in not only the…

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