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AdviceArticlesView points Mike Lledo_SM

Viewpoints: Collars and caps

Wealth Advisor‘Collars and caps’ may sound like the dress code for a country outing. But when the VIX (volatility index) hit a record high of 83% in March 2020, it was time for ‘circuit breakers’. COVID-19, a black swan, was the uninvited guest to the investment party. Mike Lledo CA(SA)IndependentFinancial Services Consultant Unprecedented volatility The…

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AdviceArticlesView points

Viewpoints: The evolution of the CFO

Social Enterprises AdvisorIt feels like fortuitous timing, writing this piece as the world is coming to term with the impact of the COVID-19 outbreak. I reflect below on the tremors across industries and my personal reflection as a CFO in the mid-2010s. One thing is certain – CFOs have shed the traditionalist roles of the…

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AdviceArticlesView points

Viewpoints: Your future presenter self

Public Speaking Trainer‘In a world that is constantly changing, there is no one subject or set of subjects that will serve you for the foreseeable future, let alone for the rest of your life. The most important skill to acquire now is learning how to learn’ – John Naisbitt. dineshrie pillay CA(SA) Business Owner and…

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AdviceArticlesView points

Viewpoints: Relearning to lead

Leadership Advisor‘In a world that is constantly changing, there is no one subject or set of subjects that will serve you for the foreseeable future, let alone for the rest of your life. The most important skill to acquire now is learning how to learn’ – John Naisbitt. The COVID-19 pandemic has affected our environment…

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AdviceArticlesView points

Viewpoints: COVID-19 tax relief

TAX Specialist Reacting swiftly to the COVID-19 pandemic, President Cyril Ramaphosa on 23 March announced an initial 21-day lockdown period. The announcement came with tax relief that will assist businesses impacted by the lockdown. Muneer Hassan CA(SA) Tax Consultant, Senior Lecturer in Taxation at UJ and Lecturer on the Gauteng Board Course On 1 April,…

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AdviceArticlesView points

Viewpoints: Master thyself, understand others

Senior Lecturer at the Department of Accounting at UJCarl Jung, the founder of analytical psychology, once said: ‘Your vision will become clear only when you can look into your own heart. Who looks outside, dreams; who looks inside, awakes’, and ‘Everything that irritates us about others can lead us to an understanding of ourselves.’ Wadzanai…

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AdviceArticlesView points

Viewpoints: Springing back into shape

Speaker, Facilitator, CoachHow you respond in times of crisis could indicate your ability to manage your mental and emotional state. It may also indicate your ability to set aside the highs and lows of the moment and engage rational thinking processes before responding to a situation. Usha Maharaj CA(SA)Founder Meraki Evolution − Leadership & Women…

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AdviceArticlesView points

Viewpoints: Learning about blockchain

Blockchain SpecialistUnderstanding blockchain is daunting because the technology is quickly evolving and the general population has yet to experience how it will change our daily lives. Many enthusiasts have equated the current blockchain environment to the World Wide Web in 1997. Similarly, bitcoin and crypto are the forays into blockchain technology. But there is a…

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AdviceArticlesView points

Viewpoints: Growing in uncertain times

Organisation Development (OD) AdvisorWriting this piece is not easy. The doom portrayed by global media on COVID-19 apocalypse and the severe reality that has gripped our world and country have resulted in a substantially different future emerging. How are you growing as a leader in response to these unprecedented times? Paolo Giuricich CA(SA) Founder and…

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AdviceArticlesView points Ronel Jooste_SM

Viewpoints: Why I love entrepreneurship

Financial Consultant & CoachConsidering the current state of the economy and challenges in South Africa, more people turn to entrepreneurship. Some because they want to, others because they have to because of retrenchments, unemployment and financial strain. Entrepreneurship can provide a solution to many challenges though Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio…

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AdviceArticlesView points Mike Lledo_SM

Viewpoints: An entrepreneur at any age

Wealth Advisorou’re never too old to be an entrepreneur. While being an entrepreneur potentially carries higher rewards, it also carries extreme risks. And can one afford to lose a lifetime of savings at such a late stage? Mike Lledo CA(SA)IndependentFinancial Services Consultant Amazon’s Jeff Bezos just sold 3% of his stock for $3,5 billion. He…

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Viewpoints: Design thinking for entrepreneurs

Social Enterprises AdvisorIs there a more opportune time than now to talk about entrepreneurship in South Africa? There are several opportunities related to global problems needing local solutions, for example as climate change, increased proliferation of technology, and new ways of working. Cracking these problems require creative problem-solving and thinking outside of the box. Priya…

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#CALifeAdviceLatest NewsSAICA 40th

Four Decades And More Of SAICA

In the 40 years since the founding of the South African Institute of Chartered Accountants (SAICA), much has transpired for the profession worldwide. SAICA was already functioning and influencing major changes to the profession in the middle 1990s when a united South Africa emerged under Nelson Mandela as President. Yet, it also becomes clear that…

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AdviceArticlesView points

Viewpoints: VAT On Electronic Services

Tax SpecialistValue added tax (VAT) on imported goods is paid by the person importing the goods into South Africa. VAT on imported goods is collected by customs before clearing the goods into South Africa. VAT on imported services is paid by the person importing the services into South Africa, only to the extent these services…

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AdviceArticlesView points

Viewpoints: Find Your Magic!

Empowers Equips EducatesTo quote an author by the name of Howard Thurman: ‘Don’t ask what the world needs. Ask what makes you come alive and go do it. Because what the world needs is people who have come alive’ Wadzanai Mabuto CA(SA) Senior Lecturer at the Department of Accounting at UJ A couple of months…

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#CALifeAdviceArticlesView points

Viewpoints: Ethically Speaking

Public Speaking TrainerYour audience knows more about you and your subject than you may think. Content can be Googled, cross-checked, and verified before, during, and after your speech delivery. If you are active on social media, your personal life is public. Enter the ethical speaker Dineshrie Pillay CA(SA) Business Owner and Public Speaking Trainer Ethical…

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AdviceArticles

Advice: Challenging the state on impact investing

Monica Singer CA(SA) Blockchain Evangelist for Consensys Stablecoins promise to make transacting as easy as using social media. Payments are not just about sending money to each other, but about connecting to other people, just like we do on social networks. Stablecoins integrate into our digital lives in ways that fiat currency (currency issued by…

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AdviceArticles

Advice: Challenging the state on impact investing

Paolo Giuricich CA(SA) Founder and owner of smarter EQ A while back terms like ‘Fourth Industrial Revolution’ (4IR) and ‘gig economy’ were foreign to us. Today, these are overused terms. The practicalities of this ‘future’ are with us already and require us to respond appropriately to survive in business. For centuries, people have been performing…

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AdviceArticles

Advice: Challenging the state on impact investing

Kevin Phillips CA(SA) CEO of IDU Group The social and environmental benefits of impact investing are too important to be left to the private sector alone. If South Africa is to have any hope of a sustainable future, the state needs to improve its game dramatically. There’s a simple litmus test for any kind of…

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AdviceArticles

Advice: Career Success Strategies For 2020

Usha Maharaj CA(SA)Founder Meraki Evolution − Leadership & Women Empowerment Are you ready for 2020? A year like never before, where each new day holds the promise of evolution. The way we do business, communicate, learn and serve is evolving and transforming every day. Should you be evolving and transforming too? Chasing career success in…

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AdviceArticlesEditor's Choice

Academia or corporate – who’s more satisfied? A millennial analysis

Retaining millennials is becoming an increasing problem for employers throughout the world. High employee turnover disrupts an organisation’s productivity levels and also has a negative impact on financial performance. By reducing employee turnover, organisations are able to be more competitive in the market. Studies have shown that employee turnover disrupts productivity-related outcomes and has a…

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AdviceArticlesEditor's Choice

7 Ways To Make Better Decisions

I find it helpful to remember that all of us struggle with decision-making from time to time – even highly successful people. We all make decisions every day. But as you become responsible for more people or projects, your decisions become weightier. It can be difficult to trust that you’re making the best choice. Here…

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AdviceArticles

Digitisation Is Here And Now

Digitalisation is here and it is integrated into every aspect of our personal lives. As business leaders, the key is to embrace the digital world, then integrate it into our existence. Combining human emotional intelligence with artificial intelligence will enhance and streamline work beyond our imagination It sometimes astounds me that we are heading into…

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AdviceArticles

Reversing Foreign Exchange Differences

Section 24I(4) of the Income Tax Act was introduced in 2017. Section 24I(4) provides relief on a foreign bad debt, held on capital account, that is written off by a South African taxpayer by reversing previous unrealised exchange gains and losses on the debt written off In terms of section 24I(4) the taxpayer has to…

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AdviceArticles

How To Not Shout So Much

I asked my 15-year-old son this question: ‘If I could come in and do some training with your teachers, what would be the first thing you would want me to teach them?’ He replied, ‘Teach them how to not shout so much’ ‘How to not shout so much’ sounds like an odd topic for a…

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AdviceArticles

Speaking to train

You have become the specialist in your field of expertise. People look up to you and are guided by your wisdom and knowledge. You are now ready to transition into a teacher and train people around you. Let’s look at how to do this. READ ARTICLE

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AdviceArticles

Accountancy as Heroism

The financial health of South Africa’s cities and towns is worse than ever before, with only 18 out of 257 municipalities getting clean audit reports for the 2017/18 financial year. Surely it’s long past time to introduce more transparency into our government spending. READ ARTICLE

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AdviceArticles

Advice: Learning support systems

Organisations are great at providing learning opportunities under the guise of leadership development. These ‘events’ are generally an opportunity to build a deeper, trusted relationship with colleagues and the development of personal leadership attributes. And thereafter, you launch back into the reality of your daily life, somewhat ‘changed’ READ ARTICLE

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AdviceArticlesFocus

It’s Still a Man’s World

It’s no secret that men still dominate in the C-suite. Change is coming but gender inequality remains a critical moral, social and economic issue. It’s up to all of us to make it happen sooner rather than later. Globally, women continue to be excluded from achieving the highest leadership positions. According to UN Women, the…

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AdviceArticlesLatest NewsSponsored Content

SPONSORED CONTENT: Ghost employees could cost you your business

The occurrence of ghost employees on a company’s payroll system ranks as the most difficult type of payroll fraud to detect, particularly in larger companies where no proper controls exist. Over time, this can pose a serious threat to the organisation’s profitability and sustainability, declares CRS Technologies general manager Ian McAlister. “A ghost employee is…

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AdviceArticlesIssues

ASA: Aug 2019 Issue

Read the magazine here Download the magazine here In August we celebrate women, and that’s the reason we feature a selection of diverse and amazing women in our cover profiles this month. A survey has shown that women hold only about 5% of the Fortune 1000 CEO positions – this despite research that shows that…

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AdviceArticlesEditor's Choice

We can all lead change

South Africa is facing a crisis of confidence from inside the country and internationally. SAICA and the Accountancy profession are no exception. When organisations, communities, or societies face intractable challenges, the cries for leadership can be deafening. Often these cries reflect the longing for individuals who possess special talents and attributes to inspire their organisations…

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AdviceArticlesLatest News

Cash is not the safe haven you may think

Daryl Coker, Advisory Partner, Citadel 30 July 2019: From Trump’s trade wars and Brexit woes to the looming threat of a credit rating downgrade in South Africa, rising waves of political and market volatility have left more and more investors wondering whether it wouldn’t be better to keep assets safely tucked away in cash. And…

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AdviceArticlesLatest News

It’s just a question of time…

The concept of ‘reasonable period’ within the ambit of the tax legislation seems to be topical one day and then the next loses impetus for whatever reason without ever settling the issue. This question of time is exceptionally important and relevant for the sections in the tax legislation which deal with the situation where SARS…

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AdviceArticlesLatest News

Opinion piece: Legacy modernisation is crucial to business survival

By Yamini Gajapathy, Head – Modern Application Services –South Africa, Wipro Limited When considering application modernisation and management, corporates face the challenge of striking the right balance between cost, quality and time to market. The fundamental aim of application modernisation is to create new business value from existing applications, which were designed to perform a…

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AdviceArticlesLatest News

Driving SME growth through innovation

By Coenie Middel, CEO, Middel & Partners “If you always do what you always did, you will always get what you always got.” Albert Einstein Small and medium businesses constantly face a wide range of challenges – some are no more than niggles that with a bit of effort and focus, can be overcome. But…

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AdviceArticlesEditor's ChoiceIssues

ASA: July 2019 Issue

Read the magazine here now Download the magazine in PDF here now Editorial The power within us The need for good and ethical leaders has never been greater than now. Locally and internationally, there’s a leadership crisis. No two leaders are the same, as they manage and lead in different ways, but at the forefront…

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AdviceArticlesEditor's Choice

SDG: From Trash to Cash

With its novel approach to socially responsible consumerism, ‘Waste to most-wanted’ business MyAfricanMum is making a valuable contribution to the United Nations’ sustainable development goal of responsible consumption and production. Read the full article here.

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AdviceArticlesFocus

Leadership – The power to make or break

Today’s leaders have a far wider mandate than yesterday’s ‘number crunchers’ with an influence that extends beyond just their company. This is evident in the vast cases of corruption and poor governance in corporate South Africa that have tarnished the integrity and credibility of our finance profession. However, the profession can rebuild trust at lightning…

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AdviceArticlesCA Profiles

Profile: My yellow-bricked road home

A few years back, I would have told you that I had everything that I had ever wanted. In four short years of being an academic at a world-renowned university, with lecturer score ratings significantly above average, research being recognised and published internationally and locally, setting SAICA’s professional exams, and authoring a textbook for a…

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AdviceArticles

Advice: The art of thinking

Leaders are the artist responsible for creating the portrait of their organisation of tomorrow; setting the tone and guiding the creative strokes of growth strategies that are painted on their business canvass. Much like in the arts, the right tools are key to unlocking the creative masterpiece. Read the full article here.

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AdviceArticles

Advice: Leadership in difficult times

There are conflicting views on leadership and management – one being that they are not mutually exclusive and that leadership can only be demonstrated in contexts where people are being managed. My view is that entrepreneurs can be the first demonstrators of leadership. Read the full article here.

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AdviceArticlesLatest News

Better board-committee communication will mitigate risk

By George Williams, Director of Risk Advisory Services at BDO Audit committees are an organisation’s primary resource for oversight of the financial reporting process, the audit process, the company’s system of internal controls and compliance with laws and regulations. However, recent corporate failures, and some of the revelations emerging from the Zondo Commission of Inquiry, indicate…

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AdviceArticles

Travel allowances – This is what you need to know

Travel allowance is granted to employees who travel for business purposes and it is granted to finance a portion of an employee’s transport costs. Many payroll professionals, however, struggle to come to grips with the South African Revenue Service’s (SARS) travel allowance system, and employees are notoriously lax when it comes to recordkeeping of their…

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AdviceArticlesLatest News

Thorough background screening checks vs. online searches – a digital predicament we shouldn’t be caught up in

The evolving digital world and resultant online presence of the population is no doubt changing the way people engage and how business is conducted – but also what information can be sourced online, prior to such engagement taking place. While available online information may give previously unknown insights, is it enough to truly know who…

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AdviceArticlesLatest News

Be ready for SARS’ knock on your door

Authored by: Johnny Kruger, Tax Attorney at Tax Consulting SA SARS vs Salaries The tough economic playground in South Africa has seen struggling business owners scraping their last pennies together to keep their businesses afloat for a number of years now. Out of sheer desperation and due to stretched cash flow problems, some business owners…

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Advice: Am I An Asset?

The accountants attending our annual user conference earlier this year paused for thought about how to navigate the rapidly changing workplace as we move into the Fourth Industrial Revolution. And they asked some insightful questions about what it means to be a valuable employee today. Read the full article here.

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Advice: Do We Still Dream?

Life happens. Reality kicks in. Work, building a career, trying to keep the family happy, fighting traffic and trying to find time to exercise invade our lives and kill our dreams. As we grow older, it seems we stop dreaming Read the full article here.

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AdviceArticlesFocus The Three Laws Of Data

Focus: Mega Trends: The Three Laws Of Data

Data − or rather the ability to use it intelligently − is redefining business, and the financial services sector is no exception. The ultimate winners in the data economy will be those companies that know what data they are collecting and can use this info to differentiate themselves Read the full article here.

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AdviceArticles Retirement Savings Tips

Advice: Retirement Savings Tips

You should consider consulting a trusted financial planner to help you optimise your finances and reach your financial goals, even if you’re a late starter. The question of how much exactly you will need depends on the lifestyle you hope to have in your retirement, as well as your gender. Read the full article here.

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Advice: (CA)reer Architecture

The complexity and technological changes in business today have necessitated a fundamentally different view of how careers develop and evolve. The days of climbing the ‘corporate ladder’ are done, and our ability to renew and flex our skills will differentiate us. Read the full article here.

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AdviceArticlesRecommend IFRS 17

Recommend: IFRS 17: Before Accepting Your Sustainability Assurance Engagement

Are you aware that the Independent Regulatory Board for Auditors (IRBA) has developed and issued South African Assurance Engagements Practice Statement (SAAEPS) 1, Sustainability Assurance Engagements: Rational Purpose, Appropriateness of Underlying Subject Matter and Suitability of Criteria? The IRBA seeks to elicit feedback on implementing SAAEPS 1 by 15 December 2019. Read the full article…

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AdviceArticlesCA Profiles Mia Makhanya

Inform: SDG Profile

At just 30 years of age, Mia Makhanya is the youngest person to ever hold a spot on the BANKSETA board and her passion for the UN’s fourth Sustainable Development Goal (SDG) of quality education shines through all she does. Here is how the BANKSETA, in particular, is working to unravel those drastic unemployment figures…

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AdviceArticlesLatest News

Helping Taxpayers Navigate the Carbon Tax Laws

By Gillian Niven & Nirvasha Singh Partners at Webber Wentzel The Carbon Tax Act 15 of 2019 (Carbon Tax Act), the Customs and Excise Act 91 of 1964 (Customs Act) and the Customs and Excise Amendment Act 13 of 2019 (Customs Amendment Act) pose numerous uncertainties on the road to implementation of carbon tax.  We have mapped out below a pathway…

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AdviceArticlesLatest News

Inflation declines slightly in April

But transport costs climb as fuel prices jump Statistics South Africa (StatsSA) reported on May 22 that consumer price inflation declined from 4.5% year-on-year (y-o-y) in March to 4.4% y-o-y in April. A slowdown last month in inflation in the categories of alcoholic beverages & tobacco and recreation & culture countered an acceleration in price…

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Governance reforms could boost Africa’s economic output by$23bn – PwC Global Economy Watch

Continent-wide analysis of African economies demonstrates positive correlation between economic growth and rising quality of governance indicators African economies could increase their output by $23bn if each economy applied governance reforms equivalent to those made by Cote d’Ivoire since 2013.The countries with the largest potential gains are those with a comparatively high GDP per head…

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AdviceArticlesLatest News

The State of the Insurance Market – Is your business ready to take on the risks it could face?

Businesses operate in a time of unprecedented volatility across economics, demographics and geopolitics.  More than ever you need to explore new ways to cope with evolving and inter-related complexities in a challenging business environment. Aon South Africa, a leading insurance brokerage and risk advisor, has surveyed the risk and insurance landscape and reveal their take…

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AdviceArticlesLatest News

Sage research reveals that 90% of accountants worldwide believe there has been a cultural shift in the accountancy profession

Accounting firms prepare for the future through updated hiring practices, expanded services and automation Johannesburg, South Africa  — May 2nd, 2019 — Sage, the market leader in cloud business management solutions, has released its annual Practice of Now research report, revealing a shifting cultural landscape in the accounting sector driven by evolving client demands and…

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AdviceArticlesLatest News

JSE proposes changes to Listings Requirements to strengthen regulation of primary listings

by Elodie Maume, Senior Professional Support Lawyer & Colin du Toit, Partner at Webber Wentzel ​​On 12 April 2019, the JSE published for comment proposed amendments to its Listings Requirements to strengthen the regulation of primary listings and secondary listings. The proposed changes take account of the public comments raised during the consultation process that kicked…

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AdviceArticlesLatest News

B-BBEE is not compulsory, unless…

B-BBEE compliance for companies is not a legislative requirement.  Companies are not required to disclose their B-BBEE status or verify their status.  It is seen as business requirement. However, the B-BBEE Act requires that all JSE listed entities must submit a compliance report on the status of their B-BBEE, on an annual basis, within the…

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AdviceArticlesLatest News

Finance and Business2030 was launched on 2 April, a key sustainability programme bringing leaders in the city together to help implement the UN Sustainable Development goals

Tuesday night (2 April) saw the launch of Finance & Business2030, a key sustainability programme bringing leaders in the city together to help implement the UN Sustainable Development goals. Finance professionals from various sectors came together to develop a plan of action for the community focused on how best to achieve the SDGs (Sustainable Development…

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AdviceArticlesLatest News

Avoid these investment pitfalls

24 April 2019: As even the most experienced investors will attest, the world of investing is riddled with hidden pitfalls that can easily trap the unwary and prevent you from achieving your investment goals. Here are five common investment mistakes, as well as some tips for avoiding them on your own investment journey: 1. Ignoring…

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AdviceArticlesMotoring

Motoring: Mazda 2.0 CX-3

In a world moving towards crossovers, there are a plethora of models available in the market as many manufacturers aim to claim their piece of the pie. This is also true in the compact SUV market, which is growing in leaps and bounds. Read the full article here.

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AdviceArticlesTravel

Travel: Adventure sailing in South Africa

Tales of courage, swashbuckling adventures and gigantic wooden ships fill most of our minds when thinking about sailing.  The Cape of Good Hope − one of the three Great Capes including Cape Leeuwin in Australia and Cape Horn in Chile − is steeped in rich and diverse sailing history. Read the full article here.

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AdviceArticlesCPD

CPD: The new rational purpose requirement

The purpose of this article is to inform sustainability assurance practitioners (SAPs) of the impact that the new rational purpose requirement could have on assurance practices in South Africa. It also explains the process that SAICA will follow to assist SAPs to prepare them for this impact. Read the full CPD article here.

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AdviceArticles

Advice: Tax implications: Debt Relief

When debt is reduced − that is, written off − it holds tax implications for both the debtor and the creditor. Amendments to the tax implications have been introduced in the hands of the debtor. This viewpoint covers the amendments. Read the full article here.

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AdviceArticles

Advice: Your R150 can change South Africa

American theologian Tim Keller comments that when people say ‘We love our city’, what they actually love is their experience of a city. To truly love a city means working at making it a good place for everyone to live in. Can R150 transform a city? Read the full article here.

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AdviceArticles

Advice: Blockchain-based Auditing and Accounting

Blockchain technology is fundamentally an accounting technology. It has the potential to bring foundational change to audit and accounting practices. Audit work is often plagued by the duplication of efforts and requires extensive manual processes and reconciliations. All this is about to change with blockchain technology. Read the full article here.

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AdviceArticles

Advice: The Reality of a working Mum

In corporate, the race to the top is the same whether you have children or not. When I became a mum, I was fortunate to have a great support structure around me with an incredible husband, in-laws and parents who helped care for my family. Read full article here.

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AdviceArticlesFocusInfluence

Educationalists: Shaping young minds

South Africa may indeed struggle with one of the poorest education systems in the world, but there are educators out there who are doing all they can to make to motivate youngers to defy of failure and embrace mind-sets of integrity, innovation and success. These six dymanic educators answer the question they are often asked:…

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AdviceArticles

Broadening the accounting skills spectrum

What does the future of accounting look like? By Avika Ramdhani, Director: Accountants, Partners and Alliances at Sage The latest episode of the #NextGenAccounting podcast series explored this very question. Chatting to accounting lecturers and students from the University of Pretoria, it was agreed that accounting is no longer just a numbers game. It’s about…

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AdviceArticlesLatest News

Blue Skies and Sunshine

Blue skies & sunshine – Mauritius maintains appeal for investment managers focused on Africa By Michael Denenga and Nicole Paige, Partners at Webber Wentzel Not just the ultimate holiday stop, Mauritius is also a preferred jurisdiction for fund managers looking to establish African-focused funds.  A scenic island off the coast of Africa, Mauritius’ main competitive…

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Succession planning is critical to sustainability

Recent events in both the public and private sectors are again highlighting the key role that proper succession planning plays in supporting any organisation’s sustainability, particularly when it comes to CEOs and governing-body chairs. Poor succession planning inevitably creates a leadership vacuum at both governing body and executive management level resulting in a loss of…

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Can South Africa learn lessons from the mega mistakes of Eskom’s mega projects?

Kusile and Medupi power stations continue to come under fire as poorly managed and ill-designed, remaining years behind completion dates amidst drastically rising costs that now stand at R300-billion, by conservative estimates. Despite being the most expensive projects in the world, these stations are reportedly failing in reliability, achieving a 40% rate at best. In…

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New technologies ease SA into a low-carbon future

By Alessandra Pardini, a Partner at Webber Wentzel Power shortages and a transition to a lower-carbon future, in line with SA’s Paris Agreement commitments, will require the country to harness new technologies. Energy storage, which will be a critical element of a modern power system, offers potential for local industrialisation and job creation. South Africans,…

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AdviceArticlesLatest News

Act swiftly or staff will pocket the money

IT hardware has an estimated residual value of around 10%, this means South Africa’s largest companies could be receiving up to R4-million at the end of a 3-year depreciation cycle. If CIOs don’t act swiftly to recover residual value from their redundant IT equipment, staff will pocket the money. This is according to Xperien CEO…

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AdviceArticlesEditor's Choice

How maternity leave and parental leave structuring impacts your salary

Authored by: Muhammed Goolab, Executive Committee Member of the South African Rewards Association  Despite years of progress and an increased awareness surrounding gender equity in the workplace and society in general, women bare a disproportionate responsibility when it comes to childcare. This, combined with social expectations and gender stereotypes, are seen to place women at…

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AdviceArticlesEditor's ChoiceSponsored Content

*Sponsored Content* From bean counting to boardroom strategy – 3 benefits of moving to an ERP system

Is your data delivering information or is it just data? By Lyall O’Carroll, of Seidor Bluekey Each year, the SME Survey is released by SME Survey (Pty) Ltd. In 2018, the survey focused on accounting functions and the future role of accountants. Conducted among 1,400 SME decision makers, data showed that despite SMEs being traditionally…

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AdviceArticlesIn The NewsLatest News

Internet tools and platforms are making it easier for female entrepreneurs to get businesses off the ground

By Selina Bieber, Regional Director for Turkey and MENA at GoDaddy EMEA Entrepreneurship and female empowerment are two powerful potential catalysts for economic growth in South Africa. Bring them together in the form of higher rates of female entrepreneurship, and you have the potential to contribute to a significant increase in GDP and jobs over…

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AdviceArticlesMotoring

Motoring: BMW 3 Series Sedan

This latest edition of the car sees BMW building in particular on the sporting tradition of the 3 Series, whose exploits in race competition have earned it so much extra dynamic credibility. The seventh generation of the sports sedan moves the game on once again in its segment in terms of driving dynamics, premium quality…

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AdviceArticlesCPDEditor's Choice

CPD: New long association rules for auditors long overdue?

The 2018 edition of the International Ethics Standards Board for Professional Accountants (IESBA) Code (renamed the International Code of Ethics for Professional Accountants (including International Independence Standards)) was completely rewritten under a new structure and drafting convention which makes it easier to navigate, use and enforce. The South African Institute of Chartered Accountants (SAICA) has…

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AdviceArticles

Advice: Proactive Planning

All too often, owners of small- to medium-sized businesses have not planned for a smooth and successful exit or ownership succession in the future. Would you rather proactively plan ahead for such an exit or would you leave it to chance?

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AdviceArticlesEditor's ChoiceFeatures

Anxiety in Millennials

Is change good for everyone? Anxiety can range from mild − a surge of adrenaline before making an important speech − to severe, leaving its captives bedridden for days at a time, unable to cope with normal life. Anxiety is not a new phenomenon, neither is ignoring the cause. Which is what has led to…

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AdviceArticlesEditor's ChoiceEthics

SAICA’s Statement on the Steinhoff matter

SAICA notes the Overview Forensic Investigation report into Steinhoff that was released by the Steinhoff International Holdings NV Boards on 15 March 2019. Furthermore, following a discussion between a number of parliamentary committees on Tuesday, 19 March 2019, the names of eight implicated individuals have been published, two of whom are SAICA members and therefore…

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AdviceEditor's ChoiceLatest News

Enter This Year’s Top 35-Under-35

Are you a CA(SA) or do you know any fellow CAs(SA) that is an extraordinary young businessman and woman? Then it’s time to enter or nominate yourself or someone else for this year’s Top-35-Under-35 Competition. This initiative recognises and rewards young CAs(SA) who are trailblazers and leaders in their own right. The Top 35-Under-35 awards…

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AdviceArticles

Succeeding as a ‘Foreign Speaker’

You’re invited to speak at an event. Your travel and accommodation will be paid for and you get to tour a new city! It doesn’t matter if this city is in your own country or abroad, every audience is different and you are still perceived as the ‘foreigner’. So, here is what you do…

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Ditch your Comfort Zone

Maybe you just need to take that leap of faith and step out of your comfort zone to start living your passion and desired lifestyle. Accountants are often perceived to be resistant towards change. Trust me, I was too … A comfort zone is known as a place or situation where you feel safe and…

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Large Corporate Bullies need to be held accountable

There have been several recent incidents where big corporates were taken on by small and medium enterprises (SMEs) or consumers. It is time that large corporates start acting in the best interests of SMEs . Woolworths has recently admitted that its baby carrier is ‘strikingly similar’ to Shannon McLaughlin’s Ubuntu Baba carrier and has stopped…

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Professional Value

At the start of every new year, people are highly energised, focused and readily reaffirm their psychological contracts with the people and organisations around them. By some magical stroke of the clock, the mind is able to reset and start again in a symbolic slate cleaning process. Organisation Development Advisor Paolo Giuricich CA(SA)Founder and owner…

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The Money Moral Panic

Ponzi scheme! South Sea Bubble! Tulip mania! The dotcom bubble! These are some of the dramatic comparisons being made with the rise of cryptocurrencies and the blockchain. But Kevin Phillips has a different view. Business AdvisorKevin Phillips CA(SA) CEO of IDU Group

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AdviceArticlesEditor's ChoiceEthics

Can Investments be Ethical?

Alcohol, tobacco, pollution, gun control and discrimination are but a few of some very emotive issues and at the forefront of current debates. Increasingly, they take prominence in who we vote for, who we do business with and where we invest. But should you trade off ethics and investing? Wealth AdvisorMike Lledo CA(SA) Independent Financial…

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Tax Implications of Digital Currencies

What are cryptocurrencies? According to the South African Reserve Bank (SARB): Cryptocurrencies (that is, decentralised convertible virtual currencies) are a sub-set of virtual currency. Bitcoin, Litecoin and Ripple are examples of cryptocurrencies. Legal tender are notes and coins issued by a bank. Although not legal tender, cryptocurrencies are exchangeable for legal tender and may be…

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Digital Age Demands Remerging Leadership

Leadership Advisor BRETT TROMP CA(SA) CFO of Discovery Health What sort of leadership does the digital age demand? In a techdriven world, fast-paced change and ambiguity are the only certainty. Successful leaders are comfortable following a direction over a destination and give those they lead the same confidence. Are you ready for ‘Leadership 4.0’?

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The Death of Accounting

Blockchain SpecialistMONICA SINGER CA(SA)Blockchain Evangelist for ConsenSys The field of accounting owes almost its entire existence to the creation of double-entry bookkeeping. It is believed that the double-entry system was invented by medieval merchants in the Middle East. From there it was popularised by the major trading families of the Italian citystates of Florence, Genoa,…

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Advice: Better Decisions are Vision-Inspired

Leadership and Success Strategist: USHA MAHARAJ CA(SA)Brain-based Coach, Speaker, Facilitator and HR Consultant Decisions are like the steering wheel of a car which can only travel in the direction it is steered. Every decision made either takes you closer to or further away from your destination. But how can you increase your ability to make…

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Ignited Energy in Orginasations

Flourishing organisations have an amazing ability to harness energy for growth, through their culture and people. They also have energy in reserve for tough times. How are we able to work with energy and notice what increases and depletes energy? Read the full article here.

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Q&A Scenario Planning

The Q&A session is a unique opportunity to entrench your professionalism, showcase your expertise, and re-entrench the key principles within your talk. Below are Q&A scenarios with advice on handling it. Read the full article here.

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Advice: Surround Yourself with Positivity

There is a lot of negativity around us. People feel negative, talk negative and do negative. Newspapers, television and social media are flooded with negative stories. How can we stay positive in a Financial Consultant & Coach world filled with negativity? Read the full article here.

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Advice: Leading with a Difference

Given that we spend most of our day in the workplace, a healthy working environment is important, and so is how we are led and managed. The concept of leadership and management can be taught, but it is not easy to apply, because you need certain characteristics as well as experience to make a success…

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Advice: Social Entrepreneurship and Egalitarianism

I want to explore the possible link between social entrepreneurship and the concept of egalitarianism, and the potential of social entrepreneurship to contribute towards an egalitarian society, by introducing the advantages of enhancing female entrepreneurship and leveraging technology. Read Priya’s full article here.

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Advice: Accounting Service for the Tokenised Future

Launched in 2017, Balanc3 recognised the need for fiscal transparency during the token sale hype of the past few years. As more and more decentralised applications, token sales, and token holders enter the market, there is an increasing need for financial clarity in the blockchain ecosystem. Much like public companies that have their shares traded…

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Advice: Bias, A Weak Excuse!

Personal bias affects every decision that every person makes every day; it always has, and it always will. It is an intangible that either contributes to or takes away from the value we add as human beings in our personal roles as well as in a professional capacity. Development is a journey, and as you…

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Advice: Government’s Responsibility to Taxpayers

Taxpayers are not alone in their obligations. Government is expected to spend tax revenue responsibly and to raise tax revenue fairly. These expectations have come under severe pressure in recent years. Are we in an era of real change? Can a revitalised government expect a renewed commitment from the public? Read Muneer’s full article here.

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Advice: Money or The Boss?

As a CFO, working for a great CEO means everything to my job satisfaction, my ability to perform, grow and lead others.  Do you experience that dynamic? Would you turn down a higher-paying gig to stick with your boss? Read Brett’s full article here.

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Recession? Retrenchments? Cost cutting?

Rooting out ‘negligent procurement spend and invisible inventory’ – the maintenance, repair and operations (MRO) dilemma By Dr Jan Nell Executive Summary How does MRO spend affect your statement of profit and loss and balance sheet? ‘How do we put our balance sheet on a diet?’ Introduction According to Brian Andrew, a speaker at the…

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Advice: Do Less, Think More

In today’s ‘cult of busy’ we wear our ‘busyness’ like a badge of honour. But this Industrial Revolution thinking could be what is blocking our future success. Perhaps we should start doing less and thinking more. Read the full article here.

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Advice: Reflective Power

In today’s world, we work at breakneck speed. The innovation and creative demands are unprecedented. Do we take stock of our experiences often enough and reflect how to become the best we can be? Our collective and reflective narrative sustains our growth.  Read the full article here.

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AdviceEditor's Choice

Advice: Don’t Ignore The 30s

Last year, life insurers paid benefits of R14,4 billion (34 100 claims). Medical schemes (2016/17) paid R136 billion in ‘relevant healthcare expenditure’. Our consumer debt is estimated at over R1,6 trillion with 11 million consumers over-indebted. Read the full article here.

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VAT implications – finance lease

A finance lease is a lease where the lessor is the owner of the asset for the duration of the lease and the lessee has right of use (operating control) of the asset for the duration of the lease. There are specific VAT rules for finance leases. Read more

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The birds and the beasts

Success is living your own life on your own terms, true to your own nature, and emotional intelligence (EQ) is knowing who you truly are. While this is tough for most humans, it comes naturally to the birds and the beasts. Read more

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Your decisions feral Rabbits?

Leading others is daunting, but it’s the reason I get up every day. To influence and lead others is a privilege – and honestly, the most exciting part of my job. Great leadership transforms societies. But how can we measure it? Read more

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Blockchain will change everything

Centralised systems and double-entry booking have created friction and constraints in the way people and businesses interact with each other. Blockchain technology and triple-entry accounting will ultimately result in exponential economic growth which can serve the planet, as blockchain is global and decentralised. Read more

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Legislating the digital goose

A crucial part of digital transformation is doing business in an entirely new way. And the fallout from the Protection of Personal Information Act (POPIA) and the General Data Protection Regulation (GDPR) could limit our ability to build nimble, flexible, digital organisations. By Kevin Phillips Read more

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AdviceEditor's Choice

Preparing for your audience

If you have to ask great speakers for their secret to their success on stage, one common factor would be the amount of preparation that they conduct on understanding their audience. In this article, I will share some of the factors that to consider when tailoring your speech to your audience. Read more

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Women and investing

‘According to the Boston Consulting Group, between 2010 and 2015, private wealth held by women grew from $34trn to $51trn. By 2020 women are expected to hold $72trn, 32% of the total’ – The Economist, 8 March 2018. Read more

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Emergent and Transformative Leadership

Working ways have changed. Our workforce is dominated by a transformed, gender-balanced and super-energised younger generation. Our critical leadership attributes have not kept pace and a leadership culture of ‘command and control’ still exists. These days are over. Read more

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Advice: Make EQ Your Superpower

Possibly one of the hardest soft skills to develop, emotional intelligence (EQ) is not only a game changer in the smart leader’s toolkit but an essential skill that when developed is worthy of superpower status. Read Usha Maharaj’s full article here.

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Advice: B-BBEE Is Constantly Changing

There is a saying, ‘the only constant is change’. This also true in B-BBEE legislation. The often-heard statement that ‘the goal posts keeps shifting’ seems to carry some truth as new pieces of B-BBEE legislation is enacted all the time. Read Anton’s full article here.

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Advice: Global versus Local

According to the 2016 Money Project, there are 60 major stock exchanges in the world with a total value of $69 trillion. 93% of global stock value is represented by three continents – and Africa isn’t one of them (1,5% of global share). 16 exchanges account for 87% of global market capitalisation. Read Mike’s full…

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Advice: Toasting at Social Events

At special occasions, I observe how most people happily record the event on their mobile devices and few volunteers to conduct a toast. It seems that most people either lack the skill of toasting or feel embarrassed by the formality of doing so. Read Dineshrie’s full article here.

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Advice: Sailing the Digital Sea

That the world is a much smaller place thanks to the Internet and digital communication technology has probably not escaped anyone’s notice. But are you truly harnessing this to do your business better, and to grow beyond South Africa’s borders? Read Kevin Phillips’ full article here.

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Advice: What’s your Why?

In an increasingly saturated and changing marketplace, your brand needs to shine brightly in order to stand out, says Simon Grainger. Do you have a clear sense of what your ‘why’ is? Are you merely a company that offers accounting services or is there a deeper purpose underpinning your brand? Read Simon’s full article here.

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Advice: Retirement Strategy Options

Matt Knight (MK) from SAICA spoke to Carrick Wealth Director of Corporate and Client Solutions Anthony Palmer CA(SA) and Sion Gelgor CA(SA), Wealth Specialist at Carrick, about retirement planning in South Africa and offshore and asked them, first, about saving money. Hope is a false plan. The reality is that we are all retiring later,…

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Advice: Globalised Organisation Development

The global economy has necessitated working across cultures and navigating the complexities of diversity. Leaders often focus on endless ‘tasks’ and neglect the ‘process’ of achieving those tasks. Organisation development practitioners are skilled in assisting leaders to attend to ‘process’. Read Paolo’s full article by fast-tracking here.  

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Advice: Why we are not saving

Why are we not saving enough for our retirement? I say ‘we’ because, according to National Treasury, 94% of the population isn’t. I think that is a big enough majority to use the collective ‘we’. Therefore, listen up! Fast track to Gizelle’s article here.

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Advice: Your Own Petra

Petra in Jordan leaves one in awe. The beauty, mystic and scale of this Rose City are hard to comprehend, even by today’s standards. It was built around 2 400 years ago by nomadic Bedouin tribes Today, Petra is part of a Unesco World Heritage Site and one of the Seven New Wonders of the…

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Advice: When Doing Business

In day-to-day operations, most businesses interact directly and indirectly with clients and service providers. Many transactions that take place during this interaction are legitimate transactions, whereas some of these transactions might raise a few questions as to the validity of the source of the money, or even just that the transaction does not make business…

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Advice: The Elephant in the Room

It has now become apparent, beyond any doubt, that a company planning to become or remain B-BBEE compliant must have some level of black ownership. This is not because black ownership is somehow ‘compulsory’, but simply because of how the point-scoring system works. From multiple calculated scenarios we have done, more than 95% of companies…

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Advice: VAT Implications Leasehold Improvements

Legislative changes have been introduced to the Value Added Tax Act 89 of 1991 to clarify the implications for both the lessee and the lessor when the lessee undertakes voluntary or compulsory improvements on leased land for no consideration. Lessee implications A deemed supply is triggered in terms of section 8(29), which deems the lessee…

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Improving Your Profit Margin: Part 2

Strategies for Improving Job Margin: In the first part of our article (March ASA), we looked at the pressures on an accounting firm’s profitability. Now we will explore strategies to improve the gross margin of an accountancy business as we look further at some aspects of reducing write-downs. Take three steps to receiving client records…

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Advice: Millennials: ‘We demand more’

Millennials. They’ve come of age in a digital era. Exposed to the world’s woes − climate change, human rights abuses, recessions and more – their social and political consciousness says, ‘we expect more’. And, they’re pulling the rug from under us all. Millennials – people born in the 1980s or 1990s − have a whistle…

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Thinking About Thinking

The robots are heading straight towards us and we are inviting them in to our homes, workplaces and vehicles. Not surprisingly, because they make our lives more convenient, our work more efficient, our buildings more sustainable and our roads safer. But at the same time we need to think about how we maximise the upside…

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AdviceLatest NewsMotoringRegulars

MOTORING: BMW 520d

In 2017, amidst much fanfare, BMW launched the all-new 5 Series. With the new Mercedes-Benz E-Class starting to take centre stage and hardcore BMW aficionados expecting only the best from their beloved brand, the new 5 Series certainly had a lot to live up to. But has it delivered? To start with, the refreshed look…

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ADVICE: An initial look at firm profitability

In this, the first of a series of two articles, we look at the pressures on an accounting firm’s profitability There was a time when accountancy business owners were seemingly guaranteed high profit emanating from a business model that was often characterised as the 1/3, 1/3, 1/3 model. That model is also known as the…

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ADVICE: Mapping municipal money

Spatial technology allows CFOs and managers to drive massive improvements in financial management, reporting, and governance at local government level by analysing financial data within its real-world context, in other words on a map I have tremendous difficulty in explaining to my former audit colleagues exactly what our company does. The few CAs(SA) that have…

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Instilling Resilience

If you think of the heroes in movies or books, they often have a lot in common. They might be brave or willing to take risks. They may have special skills or different ideas to everyone else, but it is clear that one of the most important characteristics they share is resilience Resilience is the…

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The Importance of Mentoring

A reality imposed by the fast pace of change, both within the organisation and that imposed by the external environment, is that organisations cannot rely purely on formal structures for the continuous development of its people. In the daily interactions between manager and direct reports, between colleagues, and in interactions that happen cross-functionally, there are…

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