The Value-Added Tax Act 89 of 1991 contains general time and value of supply rules. There are however specific time and value of supply rules that are applicable to connected persons. A special value of supply rule is essentially triggered where connected persons are not dealing at arm’s length. Connected persons A ‘connected person’ is…
The most recent definition I could find for ‘Broad-Based Ownership Scheme’ (BBOS) in a B-BBEE context was the DTI’s 2005 draft version of Statement 100 on Ownership, which reads: ‘“Broad-Based Ownership Scheme” means a collective ownership scheme constituted with the view to facilitating the participation of specified natural persons in the benefits flowing from the…
Many people will tell you that everybody should try to visit Paris at least once in their lifetime. This is a city of contrasts – from the romance to the amazing dining experiences to the bohemian atmosphere of some parts of the city Paris is an easy city to navigate and explore by subway, its…
Sub-Saharan Africa is one of the fastest-growing economic hubs in the world. The average real gross domestic product for the whole of the region has been rising by 5% a year and real income per capita has increased by 2,1% a year, according to the African Development Bank.1 Prices for minerals, grain, and other raw…
Kumeshnee Singh CA(SA), a partner at Deloitte Durban, is a phenomenal yet humble achiever. Fondly known as Kimmy, she believes that the little things in life make a difference Being an ultra-achiever from a young age and retaining your humility shows character. Kimmy Singh doesn’t strive to be super woman but she does acknowledge being…
One of the greatest achievements for anyone studying to become a chartered accountant is probably the day that they graduate. Once this milestone has been achieved, the new CA is on the road to starting his or her career. Before embarking on this lifetime journey, it is very important that all young CAs take control…
SAICA researches the future world of work The future of the professions Debating the Future Data analytics: Disrupting the traditional audit approach SAICA RESEARCHES THE FUTURE WORLD OF WORK Research indicates that many functions in the professional services field are likely to be automated in the near future. To prepare for this disruption and to…
Fanile Shongwe CA(SA) is Head of Debt Products at Standard Bank in Mozambique. And he is boldy set on the quest of making the ‘Africa Rising’ story a reality It all started in 2012, when Fanile happened to picked up a copy of the Economist and read a story on Africa rising. Around the same…
This is part one of a three-part series on integrated reporting. In the first article, we track trends and improvements that we have seen over the first six years since the introduction of integrated reporting in South Africa. In the second article, we will look at developments in the business model and the capitals. In…
2017 started with a bang, despite most people saying they wanted a slow start after a hectic 2016. Unfortunately for most of you, slowing down is not always up to you. There are so many distractions and opportunities that, without you being fully aware of them, derail you from the course you wanted to be…