Employers and employees have begun to embrace more flexible hybrid working arrangements but may not be aware of the tax implications. It is important that anyone considering remote work be aware of this this aspect of the process. When the COVID-19 pandemic became part of our lives, it created an opportunity for employers and employees…
The need for entrepreneurs has never been more vital in South Africa. Overwhelmed by late payments and working capital shortages, businesses struggle to survive. Empowered by the latest digital tools, accounting firms have the power to help South African businesses thrive. THE SOUTH AFRICAN PARADOX Accountants know it better than anyone: sometimes, numbers don’t add…
In days gone by, accountants were traditionally associated as individuals wearing grey suits, brown or black shoes and would arrive at their offices or clients’ premises armed with their red and green pens, ready to tick away. The accountant would arrive ready to account for, and perhaps assure, the financial position and notably the cash.…
Mark Twain famously said, ‘It’s never wrong to do the right thing.’ Why, then, is it so common for leaders to act unethically? We live in a world where the news of corporate failures arising from unethical leadership is not a surprise, where bribing a traffic official when breaking a ‘minor’ traffic offence is justifiable,…
While South Africa’s current female population stands at 30 515 459 (50,5%),1 women constitute but a fraction of both the formal and informal business sectors. Who is to blame for this and why are women still not representing themselves where decisions are being made? Who is acting on their behalf? ‘We can ask all these…
Globally, employers are arming themselves for war. But this war is not taking place on a battlefield or in the trenches – it’s taking place in the boardroom. The critical scarcity of skills in the era of ‘the great resignation’ has resulted in a battle for talent that has never been seen before. As Talent…
IThe Auditor-General South Africa (AGSA) recently released the 2020/21 Municipal Finance Management Act (MFMA) audit outcomes. While some green shoots are visible in these audit outcomes, the situation remains dire. Overall, only 61 municipalities had a better audit outcome in 2020/21 than in the first year of administration (2016/17), with 56 now having a worse…
In a world in which everything seems to be constantly evolving, from ordering your groceries via an app to opening your savings account and making your first deposit online, and there is a growing uptake of Blockchain technologies, it is safe to say that digital disruption is the new normal for consumers. It is changing…
It is estimated that by the year 2025, 463 exabytes of data will be created each day globally. To put that into perspective, in three years from now, the equivalent of 4,63 billion gigabytes will be generated every day! The present-day business already generates and collects data at an unbelievable pace, which needs to be…
The decline in permanent jobs following the COVID-19 pandemic is likely here to stay. We must therefore find new ways for young people to reliably enter and stay within the labour market. The impact of the global COVID-19 pandemic on employment in South Africa saw a five-percentage point fall in the proportion of employed youth,…