In 2011 the landmark merger between SizweNtsaluba VSP and Gobodo Incorporated formed the largest black-owned and managed auditing and accounting firm in South Africa. September 2012 witnessed the birth of SekelaXabiso, the country’s second largest black-owned and managed practice, when Xabiso Chartered Accountants and Sekela Consulting joined forces. South Africa’s corporations and public sector companies…
DetailsWhat influenced your decision to become a CA(SA)? I first heard about the profession from my friend in high school. Her father was a CA(SA). I always had a passion for accounting – I used to maintain the monthly household files for my parents from a young age, and I excelled in accounting at high…
DetailsFond memories of many school holidays spent on a family friend’s wine farm ignited a dream within the heart of young Mark Lindhorst. He decided he would own a wine farm – one day. And with his dream set firmly in place, Mark ambitiously set out to turn it into reality. Without a farm in…
DetailsConsol makes SA “greener” one ray at a time with its New Solar Jar. The principle is simple and seductively clever: the Consol Solar Jar stores energy during the day and releases light at night; a fun and sustainable alternative light supply that makes it easy to go green! Fitted with solar powered LED lights,…
DetailsThere is no other country where you can get to fly with angels, swim with devils and stay in paradise. The holidays are over and you’ve probably already bent (or broken) your New Year’s resolution – you’re wondering how the year has managed to settle into that familiar routine already. Maybe it’s time to shake…
DetailsThe Nissan 370z was the icon of Japanese muscle cars until the latest GTR took its place. However, the sheer price difference between these two vehicles must be borne in mind. The 370 (the cheaper of the two) also looks more like a sports car than the GT-style GTR. The 370z’s styling is enhanced with…
DetailsAfrica Fraud Barometer KPMG has released the findings of the second Africa Fraud Barometer. This initiative was launched in 2012 and is an early stage effort to measure fraud on the African continent and expose the risk of fraud to companies in their day-to-day operations. According to the tool, reported cases of fraud decreased from…
DetailsSustainability CFOs are coming to the table A recent study by Deloitte on sustainability shows that corporate Chief Financial Officers (CFOs) are engaging with sustainability1 in increasing numbers. This study surveyed CFOs from companies each generating at least US$1 billion in revenue, drawn from across 14 countries on five continents. It paints a clear picture…
DetailsInconsistent shareholder spread – Disclosures The JSE’s current Listing Requirements contain ambiguities that lead to inconsistent disclosures on public and non-public shareholders. Listed companies need to disclose a shareholder spread in their annual report in terms of section 8.63(d) of the JSE’s Listings Requirements. The shareholder spread deals with the number and percentage shareholding by…
DetailsCharles Hattingh The Reality Behind Price Earnings Ratios (PERs) Financial commentators are often hopelessly misinformed when discussing PERs, particularly in the light of Gordon’s Growth Model. Commentators on local radio and television stations seem to believe that shares of companies are only fairly valued if their PERs are in the vicinity of 10. The sort…
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