Finally some positive news … the rand below R15/$ and the ALSI back above the 50k mark. By Garth Saunders It was a month of two halves as oil rebounded 24% into the middle of the month followed by equities, gold and commodity currencies (CAD, AUD and ZAR). The conundrum of high inflation, slow growth…
DetailsSAICA’s numerous initiatives to transform the profession by building and accelerating the pipeline of prospective African, coloured and Indian chartered accountants are bearing fruit as results from the first sitting of the 2016 Initial Test of Competence (ITC) examination show. Karin Iten reports In January 2016, 2 561 aspiring chartered accountants (CA(SA)) sat for the first…
DetailsIf compounding investment returns could be considered the Eighth Wonder of the World, then compounding investment costs can be similarly dramatic: for instance, just a 2% annual increase in return could triple your money over 50 years. The US Securities and Exchange Commission has noted that on a $100 000 portfolio, over 20 years a…
DetailsBMW 340i Opel Adam BMW 340i Time flies, they say, so the latest facelift to the BMW F30 3 Series should have been anticipated. It feels like just a few months ago I wrote the review on the newly launched, much-anticipated, all-new BMW 3 Series (also known as the F30). That being said, the…
DetailsFollowing huge financial crises, the millennial generation of today has experienced a loss of trust in leadership. They are also increasingly civically minded. Leaders must connect with them if they want their business to last. In business, longevity means more than just having your company mark work anniversaries and contribute towards the industry and the…
DetailsIf you’d gone to sleep on the 31st January and woken up at the end of February and just looked at data for these two points, you would have thought that you hadn’t missed anything, but you’d be wrong … By Garth Saunders Risk was back on the table and the USD reversed its recent…
DetailsAnd diversity of thought As companies seek to become more innovative, diversity of thought is becoming more important. Diversity of thought is not what you think but how you think. It is critical for problem-solving. It is important to encourage it in order to minimise group think. A great leadership quality is that of being…
DetailsThe withdrawal of Statements of Generally Accepted Accounting Practice (GAAP) has had far-reaching effects on financial reporting in the public sector, particularly government business enterprises (GBEs). Tsholo Tshoke explains the impact of the withdrawal of Statements of GAAP on GBEs The constitution requires the National Treasury to develop measures to ensure transparent reporting of revenues,…
DetailsMentorship, always critical to accounting and audit, is evolving into as much an external as an internal prerogative. As mentorship is engrained in our everyday activities, many CA(SA)s have outreached to their communities as mentors. By Eamonn Ryan One grassroots project typical of the desire of many CAs(SA) and trainees to assist particularly in areas…
DetailsTHE FUTURE OF ETHICS ETHICS & CORPORATE GOVERNANCE DEFINITION OF ‘ETHICS’ DECONSTRUCTED COMMERCE WITHOUT MORALITY THE FUTURE OF ETHICS The novelist Elie Wiesel once said that there may be times when we are powerless to prevent injustice, but there must never be a time when we fail to protest. The accounting profession needs to stand…
Details
You must be logged in to post a comment.