A new debt reduction regime in the Income Tax Act is aimed at supporting debtors in financial distress and contributing to local economic recovery, but will this debt relief result in deferred tax liabilities on financial statements? By Nico Fourie CA(SA) and Herman Viviers CA(SA) The new and more uniform income tax treatment of a…
This September more than three million Muslims will travel to Mecca for the annual five-day pilgrimage (Hajj). This is the biggest yearly gathering of humans on earth. For Muslims to be at the Grand Mosque over this period is the most important moment of their spiritual lives. According to Islamic faith, every Muslim has to…
In this special report we take a look at challenges and opportunities in the public sector and exploring developments in public finance management in the rest of Africa Africa’s cities poised for exponential growth Funding growth in municipalities A dream deferred Emerging economies and stability in Africa Simpler and improved reporting AFRICA’S CITIES POISED…
Every year, thousands of families are left in difficult financial situations as a result of their loved ones not having put in place adequate estate planning in the event of their death. It is estimated that as many as three-quarters of South Africans admit to having no form of estate planning in place. If you…
It seems wealthy investors aren’t all that different from their non-wealthy peers after all. They simply have more money with which to make similar irrational short-term decisions. There is no monopoly on behavioural biases, as we all succumb to human nature at times. A 2011 Barclays Wealth Insight article considered the differences in investment style…
‘Nothing motivates me more than being asked to assist with a serious problem and having the ability to come up with a solution,’ says Accountant-General Michael Sass. Monique Verduyn spoke to him about the challenges he faces and the legacy he wishes to leave behind The Office of the Accountant-General(OAG), perched on the 19rd floor…
Tax authorities are examining transfer pricing with increased attention. This hard-line approach, explains Fabrizio Lolliri, has resulted in a rise of transfer pricing cases being resolved in court Whilst positive macroeconomic indicators strengthen hopes of recovery, many corporations were still feeling the squeeze on their profit margins at the end of FY 2014. As companies…
The relaunch of SAICA’s AGA(SA) designation delivers a multi-faceted solution addressing challenges identified by SAICA members, by private and public sector employers in the local economy, by South Africa’s leadership, and by the global accounting profession. By Willi Coates When our members spoke, we listened. When research revealed local market demand, we responded. When the…
Unisa has introduced a one-year CTA programme to fast-track selected CA(SA) students The College of Accounting Sciences (CAS) at the University of South Africa (Unisa) is shaping the futures of accountancy students. CAS aspires to success and the innovation and sustainable transformation of the accounting sciences profession in South Africa. It is in this spirit…
We are living in an era of info-tainment where audiences are simultaneously seeking education and entertainment. Our role as speakers is to try to engage both sides of our audiences’ brain hemispheres: the left side (more rational and logical) as well as the right side (more fun and personable). Humour is one tool to being…