Last month, we briefly looked at the power of entrepreneurial skills development and concluded that entrepreneurial skills development is crucial in improving your business operations and that learning new skills to better your business is one of the keys to success. This month we look at yet another crucial side of the business journey, namely…
The business environment is challenging right now, and as we kick off Global Money Week (22−28 March), it is vital that people and younger individuals are financially aware and equipped to make sound financial decisions. With revenue lines bashed up by the pandemic, many leaders are having to make tough decisions to keep their businesses…
SAICA’s Gugu Makhanya admits that the COVID-19 pandemic has the potential to wreak havoc on South Africa’s attempts to achieve quality education; an ideal encapsulated by UN Sustainable Development Goal 4. This is especially true for students at HDIs, which serve South Africa’s poorer areas. While universities did their utmost to ensure equitable access to…
Recruiting newly qualified chartered accountants is an important and challenging process. More than merely looking for skills, you also have to assess candidates’ potential for development and cultural fit in your organisation When recruiting new CAs(SA), you have to get to know each individual’s personality, likes and dislikes, talents and skills. It’s an important decision…
How can you claim to uphold the law if you are not transparent about your tax compliance status? s tax always a dry and technical subject removed from basic corporate values and sustainable operations? It certainly is not, argue both Damian Judge CA(SA), the CFO of Trellidor South Africa, and Canadian CA Carla Perry, who…
Tackling the greatest threat to human survival The United Nations paints a grim picture of what may happen if we are unsuccessful in our climate change efforts. With average global temperatures increasing beyond 3 °C (on the current trajectory), every ecosystem will suffer the consequences. Since we all share one planet, these changes threaten our…
Looking at how this year has started off, with the second wave of COVID-19 combined with restrictions imposed by government, small businesses will continue to suffer. It will thus come as no surprise if this upward trend in new business registration continues to rise in 2021. Parallel to this, here is another important statistic −…
The digital age does not cease to surprise with all kinds of new and interesting things with which we need to keep up in order to have a sense of comfort about how informed and prepared we are for a new world Digital transformation, digital strategy, digital innovation and other terms which start with the…
The SAICA CPD policy states that all SAICA members and associates are required to: Paragraph 2.2: Undertake relevant continuing professional development (CPD) activities on an annual basis Paragraph 2.1.1(b): Follow an output-based measurement approach to CPD by demonstrating the maintenance and development of relevant competence by generating an annual CPD reflective plan Paragraph 2.1.1(f): Undertake…
In the 1980s, there were essentially three elements to corporate reporting: an income statement, which focused on profitability, a balance sheet that focused on solvency, and a cash flow statement that concentrated on movements in cash and essentially working capital. The associated disclosure, too, was relatively narrow. Notes to the balance sheet provided reconciliations to…