IThe Auditor-General South Africa (AGSA) recently released the 2020/21 Municipal Finance Management Act (MFMA) audit outcomes. While some green shoots are visible in these audit outcomes, the situation remains dire. Overall, only 61 municipalities had a better audit outcome in 2020/21 than in the first year of administration (2016/17), with 56 now having a worse…
DetailsIn a world in which everything seems to be constantly evolving, from ordering your groceries via an app to opening your savings account and making your first deposit online, and there is a growing uptake of Blockchain technologies, it is safe to say that digital disruption is the new normal for consumers. It is changing…
DetailsIt 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…
DetailsVoice 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…
DetailsThe 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…
DetailsIt 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…
DetailsThe 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…
DetailsIn 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…
DetailsBe 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…
DetailsBuilding 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…
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