Restraint of trade payments received by a person will generally be capital in nature and will not constitute gross income. The tax position is different where the payment is by virtue of employment and is received by a natural person. Disputes relating to restraint of trade agreements often come before the labour courts. However, the…
ISQM 11, ISQM 22 and ISA 220 (Revised)3 come into effect on 15 December 2022. These standards are expected to have a significant impact on all firms that perform engagements in accordance with the IAASB standards. The South African Institute of Chartered Accountants (SAICA), in collaboration with the Pan African Federation of Accountants (PAFA) and…
Jeff van Rooyen is a natural born storyteller. His memoir Unshackled begins with his roots in the Johannesburg townships of Alexandra, Newclare and then Riverlea Extension, between the 1950s and 1960s. The opening is candid and hard-hitting: ‘Life in a South African township is often synonymous with violence, crime and poverty,’ he writes. ‘Many children…
Leading in 2030 As the business landscape is changing, the way you lead is also evolving, and future leaders will undoubtedly need to possess new skills and mindsets to lead effectively. Jacob Morgan, author of The Future Leader, interviewed more than 140 Top CEOs from leading companies to gain insights into the mindsets and skills…
Persevere. The ride is worth it! In this year’s Top 35-under-35 competition’s Develop category, judges were looking for an individual using their designation, skills, and training as a CA(SA) to influence and develop business. Josh Moritz (32) Head of Operations and Finance at DocFox They asked whether the model is replicable, scalable, and sustainable and…
I stand on the shoulders of giants The 2022’s Top 35-under-35 overall winner was Mathabo Makhaya CA(SA), group financial manager at Harmony Gold Mining (health) and chairperson of the Investment Committee Mineworkers Provident Fund (MWPF). Mathabo Makhaya (32) Group Financial Manager Health at Harmony Gold Mining; Chairperson of Investment Committee, Mine Workers Provident Fund When…
Taking entrepreneurship to an exponential level In this year’s Top 35-under-35 competition’s Lead category, judges were looking at how an individual uses their leadership skills, not only within business but also within their personal spheres to influence and inspire. A true leader creates value, motivates, disrupts, and fosters growth. Louw Barnardt (34) Co-founder and Managing…
Fighting the good fight The winner of the Top 35-under-35 Influence category gets judged on how they are impacting people, and how they make a difference in not only their personal spheres of influence but also the impact they have on society. Christiaan van den Berg (28) Co-Founder and Co-CEO, JOBJACK Christiaan van den Berg…
Freedom through education The winner of SAICA’s Top 35-under-35 Game Changer award, Boitumelo Kuzwayo CA(SA), believes South Africa is in dire need of opportunities for our youth. ‘If things don’t change, we are potentially facing an Arab Spring.’ She is doing all she can to change this narrative with her students passing with a 90%…
‘‘Sustainability reporting’ and ‘assurance of sustainability reporting’ are certainly not new concepts, especially in South Africa: ‘triple bottom ’line’ reporting was introduced in the King Report on Corporate Governance, 2002 (King II) and the King Report has advocated for assurance of sustainability information for many years. The landscapes of sustainability reporting and assurance thereof are…