Section 7C of the Income Tax Act is an anti-avoidance provision intended at limiting the tax-free transfer of wealth to trusts via the use of low-interest or interest-free loans, advances, or credit. The section was first introduced in 2016 to target schemes where taxpayers transferred assets to a trust against a loan, advance or credit…
‘I may be in the business of understanding numbers, but these are not ordinary numbers. These numbers help to tell the story of how public entities are meeting the needs and aspirations of people in the country. This is what drives me every day,’ says Bongi Ngoma, former AGSA CFO and current national Head of…
Anele Samantha Mthiyane (25) credits her ability to pursue her dreams of a career in accounting to SAICA. Having taken part in the SAICA Enterprise Development (ED) Khulisa iBiznis programme as an unemployed accounting graduate, today Anele is a proud holder of SAICA’s Accounting Technician (AT(SA)) designation. This is her story of success … ‘My…
Anisah Patel, 44-year-old CA(SA), started her CA(SA) journey at the age of 29, which is 10 years later than the norm. Today, she is the owner of her own practice in Vereeniging that offers accounting, taxation and advisory services. She never gave up and was not afraid to take calculated risks! Deciding to become a…
A few small tweaks to our approach to social media use, from both employees and employers, can make a positive difference. While social media platforms are continuously working to refine users’ experiences, the ultimate control lies with a user themselves. Responsible use will make the biggest difference of all. The line between our personal and…
Chartered accountant Mahomed Haffejee believes that each of us should have some accounting knowledge – after all, every single individual has to take accountability for their salary. That’s why he’s an enthusiastic proponent of SAICA’s Accounting Technician (AT(SA)) qualification Mahomed’s interest in accounting had been sparked while at school. By the time he completed his…
As a young boy, Kiran Naidoo CA(SA), a strategy consultant at Step Advisory from Johannesburg, had a dream of competing in the hit reality show Survivor SA. His dream finally came to fruition in 2021 when he got the chance to be part of the show. Although he got voted out with only four days…
Driven small-business owner Devaksha Maharaj shares her story on how she was selected to join the Energy Sector Gender Ministerial Advisory Council last year as part of the Women Empowerment and Gender Equality (WEGE) Strategy implementation plan Devaksha Maharaj is the owner of Ikigai Engineering, a multifaceted consultancy dealing in energy management advisory services including,…
Zezethu Giyose AT(SA) says the Accounting Technician designation has been an eye-opener for her and she would not be doing this well had she not participated in the SAICA Enterprise Development Khulisa iBiznis programme Zezethu is currently employed by the Eastcape Midlands College assisting in the Quality Management Systems and Internal Audit Office work. ‘In…
Over the past 18 months, every South African business has had to re-evaluate its operations, strategy and financial assumptions. This time of change and strain has put the role of financial professionals under the spotlight, highlighting the pivotal role they play in helping organisations drive growth, digital transformation and data-driven decision-making Against the backdrop of…