Looking at how this year has started off, with the second wave of COVID-19 combined with restrictions imposed by government, small businesses will continue to suffer. It will thus come as no surprise if this upward trend in new business registration continues to rise in 2021. Parallel to this, here is another important statistic −…
DetailsIn a series of interviews, I explore the approaches of different business leaders (all chartered accountants) to strategy. This month I was in conversation with RACHEL NKGODI, deputy group chief financial officer at Alexander Forbes During our conversation, Rachel Nkgodi highlighted various important and practical aspects relating to strategy. The practical aspects of strategy Strategy…
Details‘We don’t accomplish anything in this world alone; whatever happens is a result of the whole tapestry of one’s life and all the weavings of individual threads from one to another that creates something’ − Sandra Day O’Connor Over the past few years, I have seen quite a few of my ideas come to…
DetailsThese changes can be summarised as follows: Changes to the SAICA Code to align with the amendments made to Section 321: Second Opinions of the IRBA Code The changes include: The incorporation of practical and relevant guidance from Circular 01/2006, Giving Second Opinions (the Circular), issued by the IRBA’s Committee for Auditing Standards in November…
DetailsEvolving stakeholder needs The world is grappling with complex challenges such as climate change, the depletion of natural resources, technology disruptions and the impact of global pandemics like COVID-19. Traditionally, corporate reporting has been mainly centred on the financial performance of an entity. This is now evolving as stakeholders are interested in not only the…
DetailsZahid and Zahida Fakey are both CAs(SA) and far from the typical couple. They have taken a unique journey to find their ultimate purpose in life and today we read about their extraordinary story. Last year, in Level 5 of lockdown, the opportunity to make a difference blatantly presented itself and they courageously launched #weFEEDsa…
DetailsThe next normal A little bit more than a year ago our lives changes forever when our country went into full lockdown. People were talking about the ‘new normal’, while everyone was unsure what exactly that would entail. Fast forward to today, and there is still uncertainty about what is in store for us. In…
DetailsAfter making the tough decision to enter your company into business rescue protection, you are faced with making the most important decision for the business’ future success – who do I appoint as my business rescue practitioner (BRP)? Planning to enter business rescue It is well documented that the key to success in the business…
DetailsAfter attending a conference in Amsterdam, Kalene Smalberger had a lightbulb moment when she realised how great the need was for entrepreneurs to understand the basics of finance. She landed back in South Africa and has since launched various financial courses that are making an incredible difference, right from kids to entrepreneurs, on how to…
DetailsAuditors today are working in an exceptionally complex and ever-evolving industry. In an environment where there is pressure to add more value with fewer people and less time, auditors are challenged to discover more risks, audit more areas, and uncover fraud for their clients. Yesterday − ineffective audit planning methods Historically, audits have often been…
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