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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Coronavirus in SA: How to donate to the Solidarity Fund

In an effort to mitigate the economic impact of the coronavirus and the 21-day lockdown which President Cyril Ramaphosa announced earlier this week, government has set up an independent relief fund called the Solidarity Response Fund. The aim of the fund is to offer assistance to South Africans affected by the outbreak. Please read the…

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ArticlesCovid-19Public Sector

Public Sector Information for COVID-19

SAICA has a dedicated public sector division to support members in the public sector. This page contains all information relating to COVID-19  that impacts the work of  members working in or doing business with the public sector. For all other public sector related support, please refer to the Public Sector webpage –   Compliance documents…

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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 the coronavirus disease 2019 (COVID-19). The impact of the disease and the fallout from countermeasures has…

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Coronavirus, Contracts and Force Majeure

The Coronavirus is having a significant impact on the global economy as it increasingly disrupts production, supply chains and travel. With that in mind, organisations should consider any potential legal risks and how to protect themselves against them. In January, the World Health Organisation (WHO) announced that the outbreak of the coronavirus was a public…

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How the coronavirus has impacted 2020’s investment outlook

Fears around the coronavirus (COVID-19) outbreak has spilled into financial markets 9 March 2020: The coronavirus outbreak has rapidly approached global pandemic levels, and given the knock-on effects of the virus on economic growth, the fireworks in markets were inevitable. From sitting at record highs, global markets sold off aggressively during the last week of…

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ARTICLES FROM ACCOUNTANCY SA

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Recommend: The data management value chain

Dust is slowly beginning to settle in the ‘Wild Wild West’ of data management and governance, particularly for the accountancy profession, even though there is still a long way to go. A recent report released by the International Federation of Accountants (IFAC) shines some light on the data management value chain and opportunities for the…

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Recommend: Winding-up of insolvent companies

Alternative legislation for the winding-up of insolvent companies is urgently required if business rescue is to survive in the long term. When the Companies Act 71 of 2008 (the Companies Act) was brought into operation in 2011, a number of transitional arrangements were enacted, including the retention of chapter 14 of the repealed Companies Act…

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Recommend: Integrated Thinking – View from the CEO of Trellidor

Damian Judge, CFO of Trellidor Holdings Limited, shared his views on the concept of integrated thinking by responding to a series of exploratory questions in support of SAICA’s integrated thinking project. How do you define or understand ‘integrated thinking’ as it applies to your company? We look at it as ‘how does the company interact…

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Advice: A roaring lion kills no game

As we navigate the turmoil and disruption caused by the COVID-19 pandemic, all eyes are on keeping one another safe while preparing for a post-pandemic world. The custodians of this post-pandemic future are young people – and when one considers that the official unemployment rate for people under 35 in South Africa is 46,3%, the…

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Advice: COVID-19’s lasting financial impact on South Africans

A global study reveals that South Africans are more concerned about their financial wellbeing since the onset of COVID-19 but are determined to recover financially. According to the 2021 Schroders Global Investor Study (GIS), 86% of South African investors have spent more time thinking about their financial wellbeing since the onset of COVID-19. This translated…

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October 2021 Issue

JOYFULNESS IS GOOD FOR BUSINESS The results of many studies have shown that happy employees are more engaged, productive and apart from a willingness to go the extra mile, they also contribute more to success and profitability. As a #differencemaker and business leader, you have an opportunity to create conditions for happiness in your business.…

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AdviceArticlesView points

Viewpoints: Why is moral courage rare?

‘It is curious – curious that physical courage should be so common in the world, and moral courage so rare’ – Mark Twain. How accurately would we rate our individual level of ethical behaviour? Do our choices pass the ethics ‘acid test’? I bought my twin boys ice cream recently. The busy vendor gave me…

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Viewpoints: Further amendments to doubtful debt allowance

In 2018, amendments were made to section 11(j) of the Income Tax Act to provide specific criteria for determining doubtful debt allowances. Further amendments have now been introduced which take effect for years of assessment commencing on or after 1 January 2021. This means that the new rules will effectively apply for the first time…

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