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ARTICLES FROM COVID-19 HUB
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…
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…
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…
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…
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…
ARTICLES FROM ACCOUNTANCY SA
Ethics: A valuable business commodity
KPMG’s decision to no longer provide non-audit-related services to our JSE-listed audit clients made sense, as it aligned to our firm culture and in many ways inspired ongoing debate and discussion about ethics within our firm and the profession − all of which ultimately protect the interests of the public, writes Ignatius Sehoole. Earlier this…
Audit Reform: The importance of a well-functioning corporate reporting ecosystem
The establishment of the Sustainability Standards Board (SSB), which will have consistency in ESG reporting in 144 jurisdictions, would be the beginning of a comprehensive corporate reporting system. Corporate reporting can only be well functioning if it is comprehensive. The more comprehensive, the better the quality of comparability, the more informed the information for users,…
June 2021 Issue
CAs(SA) AS DIFFERENCE MAKERS When you think of a difference maker, it would be someone that has an impact on others’ lives. Some would say that we were all created to make a difference, so we all see ourselves as difference makers. SAICA recently launched its ‘difference maker’ concept in alignment with Chartered Accountants Worldwide’s…
SAICA responds to the professionalistion of the public sector
In response to the 2019/20 national and provincial audit outcomes released by the Auditor-General, Tsakani Maluleke, on 31 March 2021, Mr Freeman Nomvalo, SAICA’s CEO, stated: ‘As a country we need stability at leadership level (directors-general and boards of state-owned entities), effective parliamentary oversight and appropriately skilled personnel. And finally, we need to ensure that…
Orchestrating a shift in the public sector financial and performance reporting ecosystem through technology transformation
Microsoft CEO Satya Nadella in April 2020 noted, ‘We’ve seen two years’ worth of digital transformation in two months’,2 and the World Economic Forum has declared the potential for Fourth Industrial Revolution (4IR) technologies as limitless. Technologies like artificial intelligence (AI) and the internet of things (IoT) serve to provide solutions to a host of…
A passion for public service
Making a difference through the KZN Film Commission In 2013, Carol joined the KwaZulu-Natal Film Commission (KZNFC) as the CEO and the first employee. This position provided her with an opportunity to shape the design of the new business and its operations. In establishing the KZNFC, Carol took the principal approach that the entity would…
Viewpoints: Garbage in, garbage out
Business AdvisorGarbage in, garbage out − so goes the computer science mantra. But what if you have no trustworthy, reliable data to input into your calculations and analyses? How do you navigate challenges, mitigate risks and spot opportunities if you can’t confidently make predictions from past trends? Kevin Phillips CA(SA)CEO of IDU Group I recently…
Viewpoints: Hybrid organisations
Organisation Development ConsultantTalking to people about their experiences of the pandemic and working from home has yielded interesting data and polarities. Businesses that employ remote workers and have offices with workers present daily represent a hybrid workforce. The vital data will shape hybrid working models as people re-imagine physical ‘offices’ Paolo Giuricich CA(SA)Founder and ownerof…
Viewpoints: What are non-fungible tokens (NFTs)?
Blockchain SpecialistWhile non-fungible tokens (NFTs) are simply a way to transfer information (data), they provide various benefits because they are created on blockchain networks Monica Singer CA(SA)Blockchain Evangelistfor Consensys Characteristics of NFTs NFTs have the following characteristics: Unique: The hallmark trait of non-fungible tokens is that they are unique and this can be verified on…
Viewpoints: How to delegate more effectively
Speaker, Facilitator, CoachAs a leader, mastering the art of delegation is paramount in order to grow and scale your influence at work. Being unable to delegate effectively will limit your ability to successfully lead a team and increase your impact at work Usha Maharaj CA(SA)Passionate about women empowerment and human potential The fears and failures…