Stablecoins, specifically those which meet the prudential standards and are backed by a fiat currency or Central Bank Digital Currencies (CBDC), can offer a useful method of progression to the adoption of digital assets Banks around the world (JP Morgan was the first one) are issuing their own digital currency known as commercial stable coins.…
On a recent business trip, as the evening wound down and a group of colleagues made our way back to the hotel, our lively dinner conversation soon drifted toward the subject of work. And, as I described the next task on my to-do list, my wise friend Marna exclaimed, ‘Better you than me!’ In the…
In today’s fast-paced and unpredictable business world, speed reigns supreme. As trends accelerate and chaos becomes the norm, real-time data is our guiding light. Yet, the key lies in striking a delicate balance between embracing agility without compromising decision-making quality. Today, we have an unprecedented amount of data at our fingertips. With the exponential growth…
There is a vast difference between accounting and personal finances. Contrary to the general perception, some accountants are brilliant at what they do in the workplace managing and reporting on somebody else’s money, but struggle when it comes to managing their own finances. We do not get taught about money management at school or university,…
Investing in the stock market can seem like a daunting task, especially for those who are new to the game. I vividly remember my first investment experience back in 2007 when I was just 17 years old. I invested roughly R3 000 to purchase two Naspers shares, each priced at approximately R1 500. The hard-earned…
The Finance Minister delivered his annual budget speech on 22 February 2023, and did not raise taxes. This was expected, given the state of the economy. The budget instead announced R13 billion in tax relief. Through an expansion of the Income Tax Act’s section 12B renewable energy tax incentive, businesses receive R5 billion and individuals…
Doctors ‘play god’ every day as they hold patients’ lives in the palm of their hands. A cut one centimetre too deep or too wide can be the difference between a mother, father, son or daughter going home to their family or not. Accountants can’t compare, or can they? Accountants play a vital role in…
‘If you always do what has always been done, you will always get what you got!’ Change is the only constant. Change instills growth. Leaders implement change. However, being able to communicate the change in a way that is openly embraced requires tact and skill: enter the change talk. Step 1: Convincing context Start off…
South Africa is in dire need of a culture of accountability and a governance mindset. The challenge is how to instill this and then maintain it. When we set out to develop ALICE™, we only wanted to make our own lives easier, increase coverage and de-risk our organisation appropriately. But when implementing ALICE™, there were…
In recent years, the concept of work/life balance has become increasingly popular as people try to juggle the demands of work and personal life. However, some researchers have argued that work-life balance may not be a realistic or desirable goal. Instead, they suggest a new approach: work/life harmony. Work-life harmony emphasises the integration of work…