Data is the new oil − driving business transformation that will enable your company to gain a competitive edge and stay at the forefront of digital disruption. Ask any entrepreneur what they think is required to succeed and you will likely get ‘funding, funding, funding!’ as a response. Albeit true for some businesses, it is…
The Intergovernmental Fintech Working Group (IFWG) has published its first Fintech Landscaping Report. Fintech is technology-enabled financial innovation which can lead to new business models, applications, processes and products, and is transforming the financial services sector globally. Fintech has the potential to reduce costs and frictions, increase efficiency and competition, narrow information asymmetry, broaden access,…
Many of South Africa’s most prominent entrepreneurs also happen to be CAs(SA). They spoke to Monique Verduyn about what it takes to run a successful business in a tough economy. Entrepreneurial endeavours have had a large-scale impact on economic conditions, business environment and job generation in South Africa. Entrepreneurs help drive change through innovation, where…
Financial Consultant & CoachConsidering the current state of the economy and challenges in South Africa, more people turn to entrepreneurship. Some because they want to, others because they have to because of retrenchments, unemployment and financial strain. Entrepreneurship can provide a solution to many challenges though Ronel Jooste CA(SA)Director at FinanciallyFiTLifeand author, speaker and radio…
The nature of the COVID-2019 pandemic reaches into every sphere of society – political, economic, social, technological, environmental and legal – necessitating careful consideration of the long-term consequences of our decisions in response to the pandemic and requiring alternative futures to be considered. The purpose of this article is to describe four possible alternative futures…
IFRS 9 Financial Instruments carries forward the concept of dealing with accounting mismatches from IAS 39 Financial Instruments. As accounting mismatches will continue to exist in the foreseeable future as a result of the inherent structure of the global banking system, it is necessary to allow for their proper treatment in the reporting entity’s financial…
These are a few thoughts about how (not) to think about the future aimed at setting the scene for a short series of articles that are scheduled to appear in the next few issues of Accountancy SA. These (and many other) proven experts in their respective fields fell into the trap of paradigm paralysis −…
Many small businesses make the same mistakes early on that come back to haunt them a few years later. This is because of all the roles that business owners take on, managing their finances and being diligent about record-keeping are among the most challenging. A crucial contributor to business success is accurate forecasting. Businesses have…
This article provides an overview of the responsibilities of the auditor in terms of going concern, including reporting a matter relating to going concern as a KAM In the current economic climate, the ability of an entity to continue in business for the foreseeable future is receiving more attention than ever before. In terms of…
SAICA has published the results of the Assessment of Professional Competence (APC) – in many ways the most gruelling assessment of an aspiring chartered account’s life. I wish to congratulate the class of 2019 for their achievement and all our members and partners who played a vital role in this regard. Of the 3 560…