Has B-bBEE worked from government’s position? This year marks the second anniversary of the broad-based black economic empowerment (B-bBEE) framework. Over 24 months, the framework has far exceeded the objective of redefining BEE in practical terms. There is general consensus that substantial progress has been made to advance empowerment in the country. However, as government,…
While 2008 saw the rest of the world go into a financial tailspin, it appears that the South African private equity industry remained in a relatively healthy position. Even though both deal value and flow during the past few months were lower than the previous year, the industry still reported over R20 billion of investment…
Recent developments in the area of Broad-Based Black Economic Empowerment (B-bBEE) suggest that corporate South Africa is currently facing a season of unintended consequences in terms of compliance and adaptability with respect to existing regulations. The ensuing complexities impacting business range across a number of areas covering the global economic landscape to the local obligations…
THE CORNERSTONE OF SURVIVING THE FINANCIAL CRISIS A Thought Leadership issue Much has already been written about the causes of the economic crisis the world finds itself in at present. While the root causes have been extensively reviewed, there is a need for companies to start analysing what went wrong and how the lessons learned…
Jan Labuschagne, CEO of Sappi Southern Africa and SAICA’s newly-elected chairman, knows precisely where his priorities lie. He wants to see accounting standards conform more closely with the needs of the business world; he seeks a strategy designed to offer SAICA’s members in business greater value for money; and he is fully aware of how…
National Credit Act Click here to view the National Credit Act (100KB PDF)
Four years ago, SAICA was determined to boost the throughput of desperately needed African chartered accountants [CAs(SA)]. As a result, the Institute formed the Thuthuka Maths and Science Development Camps, to address the issue of literacy and numeracy at secondary school level. Provincial development camps represent an important component of the Thuthuka programme. The Human…
A total of 20 young South Africans are well on the road to becoming prospective chartered accountants [CA(SA)], having successfully graduated through the Thuthuka programme at the Nelson Mandela Metropolitan University (NMMU). At a function held in April 2009 to commemorate the occasion of the first Thuthuka graduates at the university, Professor Frans Prinsloo, the…
… and the pipeline continues to expand Statistics released by SAICA in late April revealed a dramatic improvement in the accounting profession’s gender and racial demographics. Chantyl Mulder, SAICA’s senior executive for transformation and growth, attributes this to the Institute and the profession’s determined efforts to fast-track the number of black and female chartered accountants…
Dit is miskien nie vir almal vanselfsprekend om op ekonomiese herstel te begin sinspeel, wanneer die ekonomie duidelik in die diepste deel van sy huidige sikliese trog verkeer nie. Tog waarborg die aard van hierdie sikliese afswaai, en die enorme beleidsaksies, veral oorsee, dat daar wel ’n opswaai kom.Ons plaaslike ekonomiese nuus in onlangse maande…