Medical aid schemes help people to pay for healthcare needs and medical expenses in exchange for monthly contributions. Sometimes medical schemes in South Africa enter into capitation agreements with another party whereby the medical scheme pays, to such party, a pre-negotiated fixed fee in return for the provision of specified benefits to the members. The…
DetailsThe Finance Minister delivered his annual budget speech on 22 February 2023, and did not raise taxes. This was expected, given the state of the economy. The budget instead announced R13 billion in tax relief. Through an expansion of the Income Tax Act’s section 12B renewable energy tax incentive, businesses receive R5 billion and individuals…
DetailsDoctors ‘play god’ every day as they hold patients’ lives in the palm of their hands. A cut one centimetre too deep or too wide can be the difference between a mother, father, son or daughter going home to their family or not. Accountants can’t compare, or can they? Accountants play a vital role in…
DetailsBy providing independent oversight and monitoring of the financial reporting process, audit committees can help to identify and mitigate potential areas of risk, prevent financial irregularities or misconduct and decrease the likelihood of corporate failures. As established in the article by Carla Budricks titled ‘Comprehensive regulation of the financial reporting ecosystem’ in the June issue…
DetailsAfrica’s family businesses need to transform to secure their legacy, and building trust is key to this. Approximately half of Africa’s family-owned businesses believe their customers do not trust them. This key finding from PwC Africa’s Family Business Survey 2023 should be viewed as a notable concern for the continent’s family businesses, many of which…
DetailsTips for protecting your career. Imagine yourself performing excellently at work, and your bosses are extremely pleased with your results. They are so delighted that they asked you to take the lead. You are thrilled because this shows that your career is on track, and you are advancing in your field. Everyone is aware that…
DetailsIt is important to be aware of the changes taking place around ESG reporting. The USA and UK are currently working on laws for sound ESG reporting and governance, and various standard-setting bodies are also working on reporting frameworks to assist with the burden of environmental, social and governance (ESG) reporting. ESG LANDSCAPE CHANGES Although…
DetailsMeet the people behind SAICA’s Sustainability Technical Committee The objective of SAICA’s Sustainability Technical Committee (STC) is to support the organisation in responding to various current and emerging sustainability aspects as it relates to members and other stakeholders. This includes advocacy, thought leadership, guidance, and stakeholder engagement. Focus areas include reporting and disclosure, with specific…
DetailsEnjoy fresh mountain air in the comfort of your own home with the Xiaomi Smart Humidifier 2. The Smart Humidifier 2 uses UV-C ultraviolet sterilization technology to eliminate bacteria, while releasing purified mist to cleanse the surrounding air. This allows you to create the perfect indoor environment thanks to cleaner air. The humidifier features a…
DetailsBetter sleep, better health – with upcoming Samsung Galaxy Watch. The new feature – One UI 5 Watch − added to Samsung’s Galaxy Watches released this year offers even better products that caters for your health. With enhanced sleep features, One UI 5 Watch sets the standard for holistic wellness via a healthy night’s rest.…
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