For African Ostrix team members Chris Joubert and Noleen Franken, it all started with wine – for many years producing, marketing and selling some of South Africa’s best wines! Back in the 1990s, Chris ventured into ostrich farming and had a new dream to create locally manufactured high-end quality ostrich leather products. Today, more than…
Financial Consultant & CoachPivoting became an essential survival tool for multiple entrepreneurs, businesses and employees whose income was impacted in this time. Despite all the negativity, it was inspiring to witness the creativity and future success stories that arose as a result of pivoting. Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio talk show…
Wealth Advisor‘Compound interest is the Eighth Wonder of the World. He who understands it earns it’ – Albert Einstein. ‘My wealth has come from a combination of living in America, some lucky genes, and compound interest’ – Warren Buffett. Time is your jackpot! Mike Lledo CA(SA)IndependentFinancial Services Consultant ’Affluent millennials are economically optimistic but afraid…
Social Enterprises AdvisorGiven the events since March 2020, it is clear that the world will need to adapt rapidly to new models of operating ranging from the workplace, to how we socialise, engage with friends and family, and travel Priya Singh CA(SA)Social Enterprises Advisor Reflecting over the past few months, it is almost inconceivable to…
Business Innovator and CatalystAt what stage do we have to redefine the term ‘working differently’? By its very definition, different implies that there are people that have redefined the way they work that is different to the rest. Thanks to our new friend COVID-19, these ‘different’ ones are no longer different, as we are all…
Even IFRS and the world-class work done by the IASB cannot escape the clutches of COVID-19. IFRS for SMEs and its evolution may also be a victim of the global pandemic. Late in 2019, the International Accounting Standards Board (IASB) sent out a request for information (RFI) to assess the market’s appetite for the potential…
The unprecedented challenges posed by COVID-19 have reminded us that we are an interconnected global community. While this crisis rightly has dominated our attention, we must not lose sight of progress on the broader aims of the Sustainable Development Goals and the Paris Climate Agreement. Like the pandemic, our response must transcend national boundaries, engage…
Some entities may have given the preparation of the cash flow statement less prominence in comparison to other statements in the financial statements. However, the cash flow statement remains an important part of the financial statements. The cash flow statement is an integral part of the financial statements. This statement informs users about the actual…
How AI helps accountants deliver forward-looking insights and how AI and Machine Learning can help accountants stay competitive. Artificial intelligence (AI) and automation have brought the accounting profession to a point of pivotal change, and it is about to revolutionise the way that accountants work. AI is already good at automating repetitive accountancy tasks, which…
Equipped with the right tools and skills, the accounting community can be among the most valuable advisors and the key to restarting the South African economy. South Africa’s small businesses face an unprecedented range of challenges, and as a result of the COVID-19 crisis, three out of four SMMEs are not expected to survive, according…