Section 24I(4) of the Income Tax Act was introduced in 2017. Section 24I(4) provides relief on a foreign bad debt, held on capital account, that is written off by a South African taxpayer by reversing previous unrealised exchange gains and losses on the debt written off In terms of section 24I(4) the taxpayer has to…
I asked my 15-year-old son this question: ‘If I could come in and do some training with your teachers, what would be the first thing you would want me to teach them?’ He replied, ‘Teach them how to not shout so much’ ‘How to not shout so much’ sounds like an odd topic for a…
In this article, Athol Williams introduces the important concepts of corporate ethical responsibility (CER) and corporate justice responsibility (CJR) as two of the five corporate responsibilities and argue that this distinction helps address the confusion over companies’ moral responsibilities. READ FULL ARTICLE
Adelaine van Zyl gradually became deaf in her matric year as a result of osteopetrosis (better known as marble bone disease), which she was diagnosed with when she was 13 years old. She did not let her disability define her, however, and was adamant to qualify as a chartered accountant. We celebrate her ITC results,…
We are living in a globalised world where money flows freely between countries and where investors have a wider selection of investment options than ever before. That means that a wise investor should not be looking only at one country for returns, but also at the opportunities worldwide. With that in mind, here are a…
The Wits School of Accountancy headed by Professor Nirupa Padia hosted a seminar on 18 September titled ‘The Chartered Accountant as an Entrepreneur’ which explored the skills, training and character traits required by chartered accountants to be successful entrepreneurs. The keynote speaker was Brian Joffe CA(SA), one of South Africa’s greatest entrepreneurs who founded the…
There’s a problem in marketing and it seems to be getting worse: too many marketers have mistaken activity for achievement. Being efficient has triumphed over being effective. Seduced by a host of shiny new tools and techniques, marketing has lost sight of its strategic purpose – to create sales, protect margins, reinforce loyalty − and…
Move over, number crunchers. Tomorrow’s CAs(SA) are more concerned with adding value than balancing the books, says Tramayne Monaghan. And he should know – as chief innovation officer of Tencent, he’s a living example of this new breed ‘My mother isn’t actually sure what I do,’ Monaghan laughs. That’s not surprising, given that he describes…
READ NOW DOWNLOAD Try, Fail, Try Again… We have all heard and read about successful leaders who failed many times before they finally succeeded. Sometimes they may even succeed in a totally different space than the one they had initially aimed for. A success story that has inspired many is our cover profile, Shirley Machaba.…
With a flexible schedule allowing employees to work hours that differ from the conventional company start and stop time, Nicol Myburgh, Head of the HR Business Unit at CRS Technologies, says this approach has had a significant positive impact in the South African market. “More organisations are adopting flexi-hours as they derive better performance from…