Finance Minister Enoch Godongwana’s budget speech on 23 February signalled that government views small-business growth as one of the key drivers that will stimulate economic growth over the next few years. This was validated by National Treasury’s remarks about achieving this growth through the combined impact of reforms, support for small businesses and new infrastructure…
The Financial Sector Conduct Authority (FSCA) has advised that R47,3 billion was sitting in retirement funds as unclaimed benefits in 2021. The obvious question is: ‘Is the industry doing enough to get these paid’? I asked myself the same question just over a year ago and decided to take up the challenge. Here is what…
Employers and employees have begun to embrace more flexible hybrid working arrangements but may not be aware of the tax implications. It is important that anyone considering remote work be aware of this this aspect of the process. When the COVID-19 pandemic became part of our lives, it created an opportunity for employers and employees…
The need for entrepreneurs has never been more vital in South Africa. Overwhelmed by late payments and working capital shortages, businesses struggle to survive. Empowered by the latest digital tools, accounting firms have the power to help South African businesses thrive. THE SOUTH AFRICAN PARADOX Accountants know it better than anyone: sometimes, numbers don’t add…
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…
The SAICA Standards unit had the pleasure of hosting Dr Andreas Barckow, the International Accounting Standards Board (IASB) chairman, and board member and chair of the International Financial Reporting Interpretations Committee (IFRIC), Mr Bruce Mackenzie CA(SA), in August. This was the first time since 2010 that an IASB international chair had visited SAICA and its…
For the first time in more than a decade, the chairman of the International Accounting Standards Board (IASB) paid a visit to South Africa. SAICA was delighted to welcome Dr Andreas Barckow, who became chairman of the IASB on 1 July 2021. Left to right: Vincent Motholo, SAICA Chairman, Bruce Makenzie, chairman of IFRS Interpretations…
There were many options available when Zine Mshengu CA(SA) completed her articles and was not interested in venturing into a typical financial role, but rather opted for the regulatory space, which required further specialisation. Her choice has opened many doors for her, not only in terms of career progression, but also in building networks across…