National Treasury’s budget-setting process is quite complex, yet transparent and robust. This ensures that proper stakeholder consultation and input are taken into account before the final Tax Amendment Acts are signed into law. Muneer Hassan explains the process and how SAICA contributes to it: The annual National Treasury budget-setting process begins in November each year…
Muneer Hassan highlights changes to consumption tax in the 2015 budget: A summary of some of the tax-related budget proposals appears below. FUEL TAXES The general fuel levy will increase by 30,5 cents per litre and the Road Accident Fund levy by 50 cents per litre on 1 April 2015. The total increase in the…
Basia Phomane attempted the CTA twice, failed ITC five times, did CTA twice again, and then successfully passed both the ITC and APC. Tragically, he passed away four days after achieving his ultimate dream of becoming a CA(SA). In honour of Basia, we would like to share this inspirational piece he wrote before he passed…
Broad-based black economic empowerment is no longer an annual compliance issue. To benefit fully from transformation it is now all about being strategic, having good administration systems in place, and ultimately understanding the impact that transformation will have on a business. Anton de Wet explains The amended codes of good practice on broad-based black economic…
Globally, South Africa is considered a pioneer in implementing integrated reporting. To achieve high-quality integrated reporting, organisations need to apply a high degree of so-called ‘integrated thinking’, writes Graham Terry Given South Africa’s pioneering position, SAICA decided to canvass senior executives and non-executive directors to see if organisations were benefiting from the adoption of integrated…
The revised Range Rover Evoque SD4 Chevrolet Trailblazer 2.8 LTZ The revised Range Rover Evoque SD4 A much-awaited new gearbox and minor tweaks make a world of difference In the course of 2014, Range Rover revised their fashionable 4×4. At first glance, you don’t really see the changes to the vehicle, as most of the…
Own yours Mahatma Gandhi once said: ‘I want freedom for the full expression of my personality.’ Over the last 12 months I’ve been blessed to have experienced freedom like never before. In Sweden, I was introduced to their ‘right of public access’ to roam the beautiful countryside without restriction. Then, during our December holiday, I…
What does SAICA aim to achieve through the new CA(SA) qualification process? Mandi Olivier explains As I have just been presented with my ten-year service award at SAICA, this coincides perfectly with the introduction of the latest and most significant change to the CA(SA) qualification process and presents an ideal opportunity to reflect on these…
The cost-effective, simple and efficient solution to drive your way to a full and hassle-free travel allowance tax claim is to invest in an electronic GPS logbook The first of March signifies the start of the new tax year and is is an important date for those who receive a travel allowance as part of…
Being a leader in software development, being cutting edge when things change so fast, is what you want need to stay ahead of the pack. Being a leader in business often means the opposite. ‘Leadership’ seems to imply leading on all fronts, stepping into the unknown, going first. But realistically, business leaders have wide-ranging responsibilities,…