The skills required to deliver an effective auditing service are undergoing fundamental change and practitioners need to be aware of these if they wish to ensure continued relevance for themselves and to be of value to the industry. In the past, an auditor needed to have a good general knowledge of accounting (IFRS standards) tax…
We tend to think that higher pay will always equate to higher levels of employee engagement. And yet research shows that’s not the case. What is employee engagement? According to Forbes’ Kevin Kruse, employee engagement is the emotional commitment the employee has to the organisation and its goals. Read the full article here.
What does the future of accounting look like? By Avika Ramdhani, Director: Accountants, Partners and Alliances at Sage The latest episode of the #NextGenAccounting podcast series explored this very question. Chatting to accounting lecturers and students from the University of Pretoria, it was agreed that accounting is no longer just a numbers game. It’s about…
Blue skies & sunshine – Mauritius maintains appeal for investment managers focused on Africa By Michael Denenga and Nicole Paige, Partners at Webber Wentzel Not just the ultimate holiday stop, Mauritius is also a preferred jurisdiction for fund managers looking to establish African-focused funds. A scenic island off the coast of Africa, Mauritius’ main competitive…
Recent events in both the public and private sectors are again highlighting the key role that proper succession planning plays in supporting any organisation’s sustainability, particularly when it comes to CEOs and governing-body chairs. Poor succession planning inevitably creates a leadership vacuum at both governing body and executive management level resulting in a loss of…
Businesses and third parties share complex relations. While each will prioritise their own bottom line, they need each other in order to operate. But deciding to go into business with a company requires many background checks to ensure you are making a wise decision that will not put your company’s reputation at risk. It is…
Kusile and Medupi power stations continue to come under fire as poorly managed and ill-designed, remaining years behind completion dates amidst drastically rising costs that now stand at R300-billion, by conservative estimates. Despite being the most expensive projects in the world, these stations are reportedly failing in reliability, achieving a 40% rate at best. In…
An ETF aims to passively mimic the performance of an overall index, such as the JSE, by tracking the movements of the underlying basket of shares or assets that make up that index. These instruments differ from actively managed investment products like unit trusts in that they tend to have very low costs as they…
By Alessandra Pardini, a Partner at Webber Wentzel Power shortages and a transition to a lower-carbon future, in line with SA’s Paris Agreement commitments, will require the country to harness new technologies. Energy storage, which will be a critical element of a modern power system, offers potential for local industrialisation and job creation. South Africans,…
IT hardware has an estimated residual value of around 10%, this means South Africa’s largest companies could be receiving up to R4-million at the end of a 3-year depreciation cycle. If CIOs don’t act swiftly to recover residual value from their redundant IT equipment, staff will pocket the money. This is according to Xperien CEO…