In the 2020 Budget Review, the Minister of Finance announced government’s intention to restructure the corporate income tax system by broadening the base (that is, limiting deductions and/or allowances) and lowering the corporate income tax rate. In his budget speech delivered on 24 February 2021, the Minister of Finance announced that the corporate income tax…
South Africa’s estimated 2,6 million micro-, small and medium enterprises (MSMEs) are confronted with various challenges that impede their ability to thrive and create much-needed employment in order to reduce the 42,6% unemployment rate. Right now, access to reliable energy and funding are the most pressing matters. The South African MSME sector contributes more than…
We live in an era in which the perception of a person owning a business or being an entrepreneur is akin to being a superhero. Over the past five years (and accelerated by the COVID-19 pandemic), I’ve observed entrepreneurs, venture capitalists, and traditional media fuel one persona depicting what it is to be an entrepreneur:…
Criminals are always searching for new ways to breach digital systems. Exploits can generally be eliminated by patching them out of existence. However, in reality, old attacks persist because systems are not patched fast and thoroughly enough. With so much at stake, why do companies fail to close these gaps? Setting shared goals Most businesses…
Centralised living makes a lot of sense in today’s fast-paced world, especially with the rise of mixed-use development luxury living. The benefits of centralised living are many − from cost savings on transportation costs to uninterrupted services and seamless technology, and to a sense of community among like-minded professionals. Astrino Nicoloudakis focuses on why centralised…
Centralised living makes a lot of sense in today’s fast-paced world, especially with the rise of mixed-use development luxury living. The benefits of centralised living are many − from cost savings on transportation costs to uninterrupted services and seamless technology, and to a sense of community among like-minded professionals. Astrino Nicoloudakis focuses on why centralised…
Make the most of your training contract You have written many exams and survived years of university and are finally starting your training contract. Congratulations on making it this far! The next calling now is how you maximise your training contract to achieve the career you always dreamed of. Being a professional and chartered accountant…
We are living in the era of digital transformation and digital payment technologies have vastly shaped the way we shop. The retail industry witnessed a paradigm shift in the last decade, from physical stores to online shopping platforms, with consumers seamlessly adopting digital experiences across all walks of their lives. If there is one thing…
Islamic banking is available to anyone who wants to bank differently, not only to members of the Muslim community. A basic understanding of the principles that drive Islamic banking is therefore growing in importance in South Africa. The Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) was established as a leading international autonomous non-profit…
Siphesihle and Jabulile Mlageni tell us about their love, marriage and careers in the accounting space. Love and accounting are two quite different things, but they do share some similarities. Both require attention to detail, careful planning, and a commitment to making things work. Newlyweds Jabulile Nyathi CA(SA) and Siphesihle Mlangeni CA(SA) show that in…