Kovini Moodly (37) multi-hyphenate visionary, chartered accountant, and founder of Boss Babes South Africa grew up in a little suburb south of Durban called Shallcross. Her aim with Boss Babes was breaking barriers and changing narratives around women uplifting each other, as well as recognising and changing stereotypes that women of colour face daily. Peace…
The Companies Act 71 of 2008 sets out the timeframes to formulate a business rescue plan and the format in which it must be presented after you have accepted an appointment as a business rescue practitioner and have met with the distressed business’ affected persons. The success or failure of the rescue will depend on…
In five months’ time, insurers with a December year-end will leave IFRS 4 behind and will enter the new world of IFRS 17.1 The International Accounting Standards Board (IASB) issued IFRS 17 in May 2017, 20 years after the project on insurance contracts started. In June 2020, the IASB issued amendments to IFRS 17 to…
Monique Verduyn spoke to crypto expert Petri Basson, a CA(SA) who is building digital companies from the Cayman Islands, as well as developing a crypto data aggregation and normalisation business (Hash Data) to simplify digital asset management. Cryptocurrency is not just for young, tech-savvy millennials anymore. Governments, central banks and major enterprises can no longer…
Insights from a webinar hosted by Mazars in collaboration with South African digital asset exchange Luno. Today, South Africa finds itself amongst the top-ranking cryptocurrency trading nations on the continent. With local daily crypto asset trading values exceeding the $45 million mark, regulators and auditors play an increasingly crucial role in securing and validating the…
South African government supply chain and procurement processes are often marred by irregularities and allegations of corruption which are reported annually by the Auditor-General South Africa (AGSA) and other bodies, as well as the media. Of even greater concern is the lack of (quality) service delivery that often results from these irregularities and corruption, and…
Blockchain technology allows users to create and manage digital identities through the combination of three components: decentralised identifiers, identity management and embedded encryption. A digital identity arises organically from the use of personal information on the web and from the shadow data created by the individual’s actions online. A digital identity may be a pseudonymous…
When she was only in Grade 7, Buhle Hanise Nomabunga CA(SA), BAIC CFO, decided to become a chartered accountant after she was inspired by Sindiswa Zilwa, the then second black, South African female CA(SA) and others. Today as president of the African Women Chartered Accountants (AWCA), she is 100% dedicated to helping other women achieve…
This article explores the intersection between corporate sustainability reporting developments and public sector reporting in South Africa Since the establishment of the Task-force on Climate-Related Financial Disclosures (TCFD) in 2015, the announcement of the International Sustainability Standards Board (ISSB) in 2021 at COP 26 and its subsequent establishment, and the introduction of new regulations in…
Sandiso Gcwabe CA(SA), CFO of the Western Cape Liquor Authority and Deputy Chairperson of the SAICA Southern Region Public Sector Committee, calls for a National Implementation Strategy and Plan for the adoption of accrual accounting for national and provincial departments by 1 April 2026 The continued use of the current Modified Cash Standard (MCS) for…