The introduction by SAICA of an outcome-based approach underpinning continuing professional development (CPD) may have come at a time where their member body requires it most – but do we realise why this is so? Saying that South African accountants are staring down challenging times could be easily construed as facing the proverbial ‘few bumps…
What are South African professionals’ views on career strategies and retraining in today’s job market? Traditionally, following a career path meant starting at the bottom and slowly working your way to the top. There was nothing unusual about working in the same sector, and often at the same company, for the whole of your professional…
A crypto expert at Mazars in South Africa explains what local regulations could look like and what crypto exchanges will need to do to survive these. Towards the end of last year the news broke that Binance, the world’s largest international cryptocurrency exchange by volume, had withdrawn their application for a licence to operate a…
Volume 1 of the second part of the Zondo Commission report, which deals with Transnet, graphically shows how important it is for a CEO who has the right qualities to be appointed − and, consequently, earns the board’s respect. In terms of governance best practice, CEO appointments should be the prerogative of the board. Appointing…
South Africa is currently under severe financial constraints, with a contracting economy that cannot sustain current employment levels. Consequently the potential is there for a further credit-rating downgrade by the rating agencies and increased borrowing costs. Corruption is one of the contributing factors to these potentially disastrous challenge. The public sector is a significant part…
Fraud can hit organisations from various angles, and even though cybercrime and external fraud attacks are a huge risk, more often than many companies realise it is perpetrated from within. In fact, the Global Economic Crime and Fraud Survey showed that 41% of economic crimes in South Africa were committed by employees, compared to only…
We are living through what may amount to a Renaissance of new ideas, products and services due to the elaboration of blockchain technology, the development of Web 3.0 (the Internet of Value) and the ability to use the Internet to exchange and record transactions of value. To explain: Web 1.0 is defined as the ‘read-only…
One of the most topical discussions in professional and high-net-worth circles today is the question of secondary citizenship and residency. The impact of the COVID-19 lockdowns has highlighted the limitations and risks of been tied to one jurisdiction. It is an emotive debate of whether they should be allowed, and one that often brings up…
Anele Samantha Mthiyane (25) credits her ability to pursue her dreams of a career in accounting to SAICA. Having taken part in the SAICA Enterprise Development (ED) Khulisa iBiznis programme as an unemployed accounting graduate, today Anele is a proud holder of SAICA’s Accounting Technician (AT(SA)) designation. This is her story of success … ‘My…
Chartered accountant Mahomed Haffejee believes that each of us should have some accounting knowledge – after all, every single individual has to take accountability for their salary. That’s why he’s an enthusiastic proponent of SAICA’s Accounting Technician (AT(SA)) qualification Mahomed’s interest in accounting had been sparked while at school. By the time he completed his…