Volume 1 of the second part of the Zondo Commission report, which deals with Transnet, graphically shows how important it is for a CEO who has the right qualities to be appointed − and, consequently, earns the board’s respect. In terms of governance best practice, CEO appointments should be the prerogative of the board. Appointing…
DetailsSouth Africa is currently under severe financial constraints, with a contracting economy that cannot sustain current employment levels. Consequently the potential is there for a further credit-rating downgrade by the rating agencies and increased borrowing costs. Corruption is one of the contributing factors to these potentially disastrous challenge. The public sector is a significant part…
DetailsFraud can hit organisations from various angles, and even though cybercrime and external fraud attacks are a huge risk, more often than many companies realise it is perpetrated from within. In fact, the Global Economic Crime and Fraud Survey showed that 41% of economic crimes in South Africa were committed by employees, compared to only…
DetailsWe are living through what may amount to a Renaissance of new ideas, products and services due to the elaboration of blockchain technology, the development of Web 3.0 (the Internet of Value) and the ability to use the Internet to exchange and record transactions of value. To explain: Web 1.0 is defined as the ‘read-only…
DetailsLeadership is one of the biggest challenges not only to the accounting profession but to the world in general. And after COVID-19 hit in 2020, leadership has taken on a whole new dimension. To be an effective and engaging leaders today you need to develop skills and make an intentional effort to connect with your…
DetailsHunger is the leading cause of death in the world. It’s up to all of us to do our part to end it The Global Nutrition Report 2020 reveals that malnutrition in its various forms has become the leading cause of death and illnesses worldwide. Current estimates are that nearly one in nine people are…
DetailsAn existing skills deficit has now become an urgent problem in search of a solution Lockdowns and the emergence of the work-from-home (WFH) model is exacerbating a competency problem in accounting and auditing. Before COVID-19 struck, it was already apparent that students taking the Initial Test of Competency given by the South African Institute of…
DetailsOur profession’s image has been tarnished by individuals guilty of gross misconduct, polluting public perception about accountants and our conduct. I believe their behaviour to stem from seeing various public figures guilty of same, arrogantly escaping the rule of law in our country Evolving the value proposition of accountants together Anton van Wyk CA(SA) and…
DetailsWhen dreams come true. ‘Given all the resources I need to pursue my goals, I will continue to work even harder and give each day my best,’ says Daniel Ndlovu Born and raised in Entumbane township, Bulawayo, Zimbabwe, Daniel James Ndlovu completed his high school at Mpopoma High School in 2012. He enrolled at the…
DetailsThe responsibility and scope of deliverables for business leaders have evolved from primarily achieving attractive financial returns to a broader perspective on value creation SHILUBA MAWELA CA(SA) Managing Partner: Tshiamo Impact Partners – an impact advisory and impact fund management firm Globally, there has been a shift towards greater accountability on businesses to address pressing…
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