Editor’s letter Transformational leadership According to an article published by Forbes about the world’s greatest leaders research shows that in order to lead and do business in the modern era leaders need to exemplify a new model of leadership. A model where leaders must influence a variety of groups over which they have no direct…
Chartered accountancy has a long history of being a male-dominated profession. Indeed, according to the most recent member statistics from the South African Institute of Chartered Accountants (SAICA), only 35% out of all of South Africa’s registered chartered accountants (CAs[SA]) are women, with female African CAs(SA) making up just 5% of total membership. While still…
SAICA Leadership Summit identifies key economic and geopolitical trends Dr Terence Nombembe, SAICA CEO SAICA’s Leadership Summit held on 18 and 19 May revealed key drivers for market change to a range of industry CIOs and chartered accountants. The theme of the two day discussion, including public and private sector leaders, was how to move…
Dividends Accruing To Existing Restricted Equity Instruments to Be Taxed As Ordinary Income By Dan Foster, a Director at Webber Wentzel The 2016 draft Taxation Laws Amendment Bill (“Draft TLAB”) and draft Tax Administration Laws Amendment Bill (“Draft TALAB”) were released for comment on 8 July 2016. Section 8C seeks to include in a taxpayer’s…
Hendri Viljoen, financial director at SA Truck Bodies, has as his formula for success a combination of people skills and a penchant for adventure fuelled by a love for South Africa’s varied landscapes. Yuven Gounden spoke to him The perception that a CA(SA) mainly works with figures is wrong. A CA(SA) is more involved working…
New rules have been introduced into the Eighth Schedule of the Income Tax Act to deal with the capital gains tax implications arising on the cancellation of contracts. This would apply for example where an asset being an allowance or non-allowance which falls into the capital gains tax net is sold and the contact is…
The phrase mens sana in corpore sano (‘a sound mind in a sound body’) coined by the Roman poet Juvenal is often used casually, but its meaning becomes more clear when you look at the career of someone who personifies its meaning – someone like Farouk Karreem. By Yuven Gounden Karreem a CA(SA) and one…
Ford Everest A new breath of American muscle has come to South Africa and I am not talking about the right-hand-drive Mustang – no, I am talking about the all-new Ford Everest. The new Everest looks like it has come directly from the land where SUVs are called trucks and everything is supersized. This then…
Are you, as an independent reviewer, reporting identified reportable irregularities? Hayley Barker Hoogwerf gives an overview of the requirements contained in Regulation 29 of the Companies Regulation, 2011, and provides practical guidance on the application of these requirements The Companies and Intellectual Property Commission (CIPC) has raised concerns that independent review practitioners are not complying…
Have you ever swapped one of your toys with a sibling or friend in return for one of their toys? Then you’ve bartered. Two willing kids have what the other wants and by exchange they make each other happier for it. Bartering empowers you to take control and get what you want, with what you…