Since 86% − 89% of family businesses in South Africa Africa fail in succession in the third generation, this is a huge economic loss. The next generation of entrepreneurs deserves a challenging future. In a series of eight articles, Fred de Boer, an executive coach and business developer at PUM, shares steps to be put…
The Fourth Industrial Revolution (4IR) has ushered in rapid progress that is fundamentally reshaping various facets of human life, including career opportunities and educational methodologies. Kurt Naicker CA(SA), senior lecturer from the North-West University’s School of Accounting Sciences, delves into the ongoing discourse surrounding advanced process automation and machine learning. According to Kurt, academia has…
How does a company remain successful and in family hands for more than 100 or even 300 years? Four ‘old’ top family businesses that are active in the hospitality industry, the automotive industry, food/vegetable manufacturing, and a chain of supermarkets, share their stories. Don’t be a steward, be an entrepreneur! The transfer of a business…
SAICA hosted its inaugural Climate Change Conference on Wednesday, 25 October 2023, coinciding with the passing of South Africa’s Climate Change Bill ahead of COP28 in the UAE in late November 2023. The aim of the conference was to deliberate on local challenges, market solutions, and financial instruments, and to leverage existing opportunities. Held under…
By teaching students the principles of entrepreneurship, they are empowered to become more innovative, creative, and problem-solving individuals who can contribute significantly to the economy and society. This article explores the importance of teaching entrepreneurship in schools and the steps required to implement it as a subject. In a rapidly changing world, traditional education models…
As the year draws to a close, we stand on the verge of entering another new year in which we will be faced with all sorts of important decisions to make. Let us therefore encourage each other to stop and take time out to reflect and be purposeful about our wellness in a way that…
The global Islamic finance industry was estimated to be worth $2,5 trillion in 2018 and is forecasted to reach $3,5 trillion by 2024. This robust growth is attributed not only to a growing potential target market across the globe but also to an audience that has developed a deeper appreciation for financial services that resonate…
When we think of learning and development, the first people to come to mind are either teachers or lecturers in academia. A chartered accountant may not spontaneously be your first thought, yet the profession requires CAS(SA) to train and develop trainee accountants in the workplace. In the accounting profession, learning and development has evolved well…
Burnout is a silent killer threatening company and employee well-being. A leadership expert advises companies to reconsider the culture of ‘busywork’. The accounting profession is facing unprecedented challenges in the wake of the global pandemic and its aftermath. Not only do accountants have to cope with the changing regulations, standards and technologies in their field,…
Cash flow management is a critical aspect of running a successful small or medium-sized business. However, for many South African businesses, ensuring that there is always enough money for payroll and salaries can be a daunting challenge. According to a survey conducted among over 500 small and medium-sized businesses in South Africa, a staggering 91%…