For the newly appointed CEO of PwC, Shirley Machaba, building a leadership legacy driven by her own values and those of the firm will be her most significant achievement
The crucial need for better performance and greater accountability in public financial management systems has given rise to a call for more CAs(SA) to enter the public service. We spoke to some who are helping to make a difference
This time of the year has many of us wondering whatever happened to the year! It’s almost like time is disappearing. Considering what we need to do before the year ends, creates anxiety in many of us. It also makes you wonder how you spend your time, because our waking hours are largely consumed by…
The advent of Fourth Industrial Revolution (4IR) technologies has presented both clients and auditors with massive opportunities and challenges which, if fully embraced, can completely change the face of the audit experience for both client and auditor. Much has been said about the 4IR and its disruptive impact on many industries, including the accountancy sector.…
In the current economic environment, there are various reasons why small and medium enterprises (SMEs) would require an audit of their annual financial statements. An audit could be required by law in terms of the Companies Act of South Africa, the company’s memorandum of incorporation, the bank during an application for funding, potential investors, or…
The idea of splitting the auditing and non-auditing (consulting/advisory) businesses of firms was mentioned in a report by a United Kingdom Parliamentary Committee following the collapse of Carillion in January 2020. The UK regulator (the Financial Reporting Council, FRC) later asked the largest UK firms to operationally split up their auditing and non-auditing businesses by…
Does the current model of the traditional regulatory and statutory audit still make sense in the changing business context? These audits performed by independent and external auditors in line with relevant laws and regulations, require the auditee to submit a set of reporting information, and the auditor to produce their report annually in line with…
Running your own business is not easy, and certainly not for the faint of heart − especially when it is necessary to implement new requirements. Will there ever be an ideal time? For any business to be successful, it must be managed properly. No matter what goods or services you provide, they must be of…
Some people find the right employer early and stay on to make a success of their career there. Lerato Manti Thato Mathibela (29) has been employed with Nedbank since 2015 and has progressed from being a chartered accounting trainee to holding a leading role in training at the bank today ‘Nedbank has been my first…
Nyawa Dikwayo loves numbers because they help identify developmental needs and create accountability For Nyawa Dikwayo, having a good teacher made all the difference. It was when she got to Grade 10 that her love for numbers and problem-solving was nurtured by an accounting teacher who helped her achieve her potential and planted the seed…
A CA(SA) entrepreneur who has shown courage over the last 30 years is Lynette Badenhorst. She was born in 1967 and is currently managing director of Probeta Training (Pty) Ltd and the brain behind the online learning platform Akhanani Online Training Solutions Spending her days either on the road or in planes, or in airports,…
2020 was a year like no other in our lifetime, with the COVID-19 pandemic ravaging the global economy. Despite the many challenges, women around the globe continued to show up, step up and lead It’s these types of women that global company Practice Ignition named in its Top 50 #WomeninAccounting for 2020 − a list…
The establishment of the Sustainability Standards Board (SSB), which will have consistency in ESG reporting in 144 jurisdictions, would be the beginning of a comprehensive corporate reporting system. Corporate reporting can only be well functioning if it is comprehensive. The more comprehensive, the better the quality of comparability, the more informed the information for users,…
Making a difference through the KZN Film Commission In 2013, Carol joined the KwaZulu-Natal Film Commission (KZNFC) as the CEO and the first employee. This position provided her with an opportunity to shape the design of the new business and its operations. In establishing the KZNFC, Carol took the principal approach that the entity would…
Considering how lockdown changed the world we live in and the challenges we are currently facing and will be facing in the future, there is probably not a more appropriate time to make this radical mind shift change towards becoming more ‘conscious’. RONEL JOOSTE CA(SA) Director at FinanciallyFiTLife and author, speaker and radio talk show…
Globally, and specifically in Africa, women face significant limitations accessing finance due to inherent biases among financial institutions. Women-owned and -led SMEs worldwide face major constraints in accessing financial services. The World Bank approximates that since 2013 only 3% of early-stage funding went to all-women-founded teams. SHILUBA MAWELA CA(SA) Managing Partner: Tshiamo Impact Partners -…
Wealth AdvisorSo often we think that financial plans are for individuals only. Trustees also need a plan. As fiduciary duties become more onerous, regulations increase, member expectations continue growing and the investment world is increasingly more complex, it makes good sense. Mike Lledo CA(SA) Independent Financial Services Consultant WHAT DOES THE LAW SAY? The UK…
Voice projection is not as simple as speaking loudly. Business Owner and Public Speaking Trainer You currently have a natural way of speaking that brings in all of these six elements and as a result, you can be classified as one of four voice personalities. #1: The slow and deliberate speaker Speaks very slowly and…
The latest VAT Act amendment concerns the temporary letting of fixed property by developers (Taxation Laws Amendment Act 2021). The change comes into effect on 1 April 2022. New sections 9(13), 10(29), 16(3)(o), and 18D cover this amendment. Muneer Hassan CA(SA) Tax Consultant, Senior Lecturer in Taxation at UJ and Lecturer on the Gauteng Board…
It is worth questioning whether work-readiness training in its current form is sufficient to enable efficiencies within the organisation over the long term. Therefore, for work-readiness to be effective, we need to consider the graduate’s previous experience and whether the current workplace can be an enriched environment. Zanele Maduna CA(SA) Founder and CEO of No-Valo…