“Differing accounting recognition and measurement criteria, applied to various components of a hedge relationship, create volatility in financial reporting” Hedge accounting is becoming imperative for companies exposed to exchange rate volatility The recent volatility in the South African rand (ZAR) has seen many local corporates scrambling to control the impact of dwindling local currency value…
DetailsSA welcomed into Financial Times Group global survey Investec has been recognised by London’s Financial Times Group as the Best Private Bank and Wealth Manager in South Africa, at the 5th Annual Global Private Banking and Private Wealth Management (PWM) Awards, hosted in Geneva. Significantly for South Africa, it was the first time in the…
Details“Sustainability in the supply chain is increasingly considered as critical to delivering long-term profitability, replacing financial cost, value, and speediness as the chief concern.” Adopting sustainability practices can make smaller companies more competitive in supply chains The effects of the worldwide economic downturn, combined with environmental degradation and social volatility, are not conducive to a…
Details“Each of the last three decades has been successively warmer – the atmosphere and oceans are warmer, the amount of snow and ice has diminished, the global mean sea level is higher, and the concentration of greenhouse gases has increased.” Yup, we’re to blame for warming our planet and changing our weather patterns In September…
DetailsAn internal investigation led by the SizweNtsalubaGobodo forensic team has assisted the police in providing key evidence, leading to the arrest of a suspect in the investigation into the fatal shooting of Forensic Director, Lawrence Moepi. The firm’s investigation has further revealed that the fatal shooting, in October, is in no way work-related and is…
DetailsIf each CA(SA) donated R500 per annum (fully tax deductible), SAICA could support 50% more bright young students At the inaugural North-West dinner for the Association for the Advancement of Black Accountants in South Africa (ABASA), many accountants were left wondering as to how one particular family could produce such provincial success in the accountancy…
Details“Capital investments made by organisations result in the commitment of significant resources to projects expected (in most cases) to enhance the value of the organisation and/or provide shared community benefits over time.” An Australian study reveals trends in incorporating sustainability impacts when making capital investment decisions The past decade has seen the emergence of significant…
Details“It is important to note that there is a lot of ‘greening’ that companies can do with existing buildings.” Going ‘green’ is now mainstream for cost-efficient building design A ‘green building’ is defined as one that is energy efficient, resource efficient and environmentally sustainable. It incorporates design, construction and operational practices that significantly reduce or…
Details“Translating the social and environmental aspects of our business into numbers is a challenge – but it’s a challenge that some people are rising to magnificently.” Translating business sustainability into numbers is a challenge some are rising to magnificently Integrated reporting is a motherhood-and-apple-pie kind of issue. It’s an obviously good thing that nobody with…
Details“To be applied properly, G4 requires a change in mind-set, which in turn will require a change in the reporting process for some organisations.” The new G4 sustainability guidelines go beyond check lists to zone in on ‘what matters’ The Global Reporting Initiative (GRI), established in 1997, has spearheaded the movement behind the reporting of…
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