Given the clandestine and secretive nature of cartel conduct, the onus placed on the ‘passive participant’ implies that it is not sufficient to merely distance oneself from the cartel conduct within the clandestine setting of a secretive meeting. One would need to actively spotlight the conduct by publicly exposing it and preferably advising the Competition…
Subsequent to the board meeting held in December 2017, the Data Analytics Working Group (DAWG) of the International Auditing and Assurance Standards Board (IAASB) issued a feedback statement to inform stakeholders of the key messages received in response to their outreach activities. This article provides an overview of this feedback statement In September 2016, the…
Cyberattacks like WannaCry, the ransomware worm that spread rapidly across a number of computer networks, has put serious cybercrime on the radar of South African companies. It’s an ever-evolving, exciting, in-demand field that has attracted CA(SA) Jordaan Burger. He offers some insights into this intriguing world Every year brings new IT security breaches, but 2017…
In November 2017, 2 703 aspiring South African chartered accountants (CAs(SA)) sat down to write their final professional examination, the Assessment Professional Competence (APC), with great expectations. Today, the South African Institute of Chartered Accountants (SAICA) is delighted to announce that 2 168 candidates (80%) passed this final qualification hurdle For successful candidates, passing the…
Artificial intelligence (AI) has already changed the way that we operate in our lives and businesses to a great degree and will continue to do so exponentially into the future. How will this ‘machine learning’ translate into our own learning and workplace culture? In 1999 Salzberger-Wittenberg, Williams and Osbourne wrote an interesting piece on human…
Angela Pretorius loves everything about her life in Cayman. Traffic jams are rare with commuting to your destination never taking too long, leaving you with more time to enjoy your free time. Angela describes the weather as ‘nice all year round’ with an array of activities for everyone to participate in – walking on the…
There is a Tesla Roadster broadcasting David Bowie on repeat while travelling through space. What a time to be alive! And, I’d argue, the perfect time to rethink what it means to be human. But, we need to do it very carefully We’re welcoming robots into our homes, cars and workplaces. And they are enabling…
The mistaken rap on this kind of ‘social’ investment is that returns are weak and realising them takes too long With the fraying contract between society and business an urgent priority, many companies and banks are eager to find investments that generate business and social returns. One avenue is ‘impact investing’, directing capital to enterprises…
Are you compliant with the new fiduciary standard? If you are involved in trusts, wills and estates, you need to know that there is a new professional designation which will soon become the de facto standard for fiduciary in South Africa. The Fiduciary Practitioner of South Africa® (FPSA®), introduced by the Fiduciary Institute of Southern Africa (FISA)…
Nick Wilkinson’s career reads like a ‘how to make it big in Africa’ story. The multi-award-winning olive oil maker first spent 20 years working for international corporate agricultural businesses, turning near bankrupt agribusinesses into profitable operations. In one venture he created opportunities for 150 000 small-scale cotton farmers in Zambia, supporting 1,5 million livelihoods. This…