SAICA’s numerous initiatives to transform the profession by building and accelerating the pipeline of prospective African, coloured and Indian chartered accountants are bearing fruit as results from the first sitting of the 2016 Initial Test of Competence (ITC) examination show. Karin Iten reports In January 2016, 2 561 aspiring chartered accountants (CA(SA)) sat for the first…
If compounding investment returns could be considered the Eighth Wonder of the World, then compounding investment costs can be similarly dramatic: for instance, just a 2% annual increase in return could triple your money over 50 years. The US Securities and Exchange Commission has noted that on a $100 000 portfolio, over 20 years a…
BMW 340i Opel Adam BMW 340i Time flies, they say, so the latest facelift to the BMW F30 3 Series should have been anticipated. It feels like just a few months ago I wrote the review on the newly launched, much-anticipated, all-new BMW 3 Series (also known as the F30). That being said, the…
Following huge financial crises, the millennial generation of today has experienced a loss of trust in leadership. They are also increasingly civically minded. Leaders must connect with them if they want their business to last. In business, longevity means more than just having your company mark work anniversaries and contribute towards the industry and the…
And diversity of thought As companies seek to become more innovative, diversity of thought is becoming more important. Diversity of thought is not what you think but how you think. It is critical for problem-solving. It is important to encourage it in order to minimise group think. A great leadership quality is that of being…
If you’d gone to sleep on the 31st January and woken up at the end of February and just looked at data for these two points, you would have thought that you hadn’t missed anything, but you’d be wrong … By Garth Saunders Risk was back on the table and the USD reversed its recent…
The withdrawal of Statements of Generally Accepted Accounting Practice (GAAP) has had far-reaching effects on financial reporting in the public sector, particularly government business enterprises (GBEs). Tsholo Tshoke explains the impact of the withdrawal of Statements of GAAP on GBEs The constitution requires the National Treasury to develop measures to ensure transparent reporting of revenues,…
THE FUTURE OF ETHICS ETHICS & CORPORATE GOVERNANCE DEFINITION OF ‘ETHICS’ DECONSTRUCTED COMMERCE WITHOUT MORALITY THE FUTURE OF ETHICS The novelist Elie Wiesel once said that there may be times when we are powerless to prevent injustice, but there must never be a time when we fail to protest. The accounting profession needs to stand…
Mentorship, always critical to accounting and audit, is evolving into as much an external as an internal prerogative. As mentorship is engrained in our everyday activities, many CA(SA)s have outreached to their communities as mentors. By Eamonn Ryan One grassroots project typical of the desire of many CAs(SA) and trainees to assist particularly in areas…
2016 Top global risks The new world of insurance Knowing when to Reinvent Discovery’s business model Pay attention to avoid financial losses 2016 TOP GLOBAL RISKS From the environment to international security and the coming Fourth Industrial Revolution, the World Economic Forum’s Global Risks Report 2016 finds risks on the rise in 2016. Oliver Cann…