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…
DetailsThe 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…
DetailsBloemfontein, Tuesday 3 March 2020 – As the world’s 14th largest emitter of greenhouse gases, South Africa’s carbon footprint is through the roof. While it is true that these emissions are principally due to our heavy reliance on coal (particularly when it comes to our electricity grid), the World Wildlife Fund estimates that our footprint…
DetailsFears 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…
DetailsLeading with impact If you ask people what is the purpose of their company, many will tell you it’s vision or mission, or say it’s to make a profit or create jobs − but it’s neither. At its core, a company’s purpose is a affirmation for being in business. It’s the driving force that enables…
DetailsThe Hotel Bel-Air is everything you’ll ever want and imagine rolled into one. A cocoon – a perfect haven in a sea of clutter Located in the canyons of Los Angeles, Hotel Bel-Air has been a hideaway for world travellers for well over half a century. It’s nestled within five hectares of lush gardens in…
DetailsThe Minister of Finance (together with his team) has had a tough time coming up with suitable proposals in the face of the overwhelming iceberg that looms ahead. However, SAICA agrees with the Minister that all is not lost and we have overcome before. We know what the challenges are; it just requires political will…
DetailsIn 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…
DetailsOne Young World, Chartered Accountants Worldwide and SAICA launched Finbiz2030, an initiative to unite and mobilise the finance and business community to achieve the Sustainable Development Goals (SDGs) by 2030. The launch was be held at Investec, in Sandton on 6 February 2020 with participation of professionals with finance and business skills across industries. ‘If…
DetailsDo you know what statutory receivables are and how to account for them? GRAP 108 on Statutory Receivables issued by the ASB is effective from 1 April 2019. This means that entities that apply standards of GRAP need to consider the standard in preparing their financial statements for 31 March 2020 or 30 June 2020.…
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