From Cashless to Digital: The COVID-19 Tipping Point

COVID-19 has been a catalyst for the global adoption of cashless payments, with the disruption expected to effect lasting changes in the way people spend. While consumers had already begun to embrace digital payment options prior to the pandemic, the health crisis has rapidly accelerated the adoption rate with more consumers seeking safer, contact-free payment…

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COVID-19: Data and technology empowering business travellers

As South African corporates gradually return to the boardroom, road warriors are longing to take back to the skies and resume business negotiations, build relationships, and discuss new business opportunities. Although business travel is permitted in South Africa, the pandemic has kept everyone on their toes with regulations changing frequently. As consulting firm McKinsey put…

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The Forward-Looking Accountant

Technology is taking over some routine tax and accounting tasks. This means accountants now need to make the move to trusted business advisors. William Reeb and Dominic Cingoranelli asked an important question in their book Becoming a trusted business advisor: how to add value, improve client loyalty, and increase profits, namely if accountants can name…

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Ethics in a time of crisis

If there is any situation that is going to show your true colours, it’s a crisis. At SAICA we are passionate about helping our members, and we want to arm you with all the information you need to navigate your way through the COVID-19 crisis successfully and with integrity. As part of our ‘Leadership in…

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The future of work

As part of SAICA’s ‘Leadership in a Time of Crisis’ webinar series, Willem van der Post CA(SA), CEO of xTech.Capital, shared some thoughts on what the workplace of the future will look like, especially in a post-coronavirus world. The new normal. It’s all everyone’s talking about. But what exactly does it mean? I’m not a…

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Investing during COVID-19

At SAICA’s ‘Leadership in a Time of Crisis’ webinar series, Investec’s chief investment strategist, Chris Holdsworth, shared insights on how the pandemic is shaping investment strategie. As if there isn’t enough to worry about during the COVID-19 pandemic, many people have seen their investments tank over the past few weeks. Chris Holdsworth explained how he…

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COVID-19: Future trends and their impact on the world

The trends shaping our world of tomorrow are changing rapidly with COVID-19. In this article, the multi-level perspective on societal change model will be used to explain various trends and their potential impact on the economy, politics, technology, society and resources. We are operating in a new, fast-evolving multipolar global landscape in which challenges are…

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ITC and APC EXAM dates change due to Covid-19

We find ourselves in significantly challenging and difficult times: a constantly changing world which is volatile, uncertain, complex and ambiguous. With these uncertain circumstances we all need to rapidly adapt to change. Like many other organisations, SAICA finds itself in the position of having to make some very difficult decisions, particularly about the upcoming SAICA…

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The economic impact of COVID-19

SAICA hosted a webinar on 6 April 2020 where Annabel Bishop, Chief Economist for Investec Bank Limited South Africa, spoke about the effects of sub-investment grade status and the coronavirus on our country’s already struggling economy. SAICA is offering a ‘Leadership in a time of crisis’ webinar series as part of the Institute’s response to…

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A Thought (or penny) to spare

While many have hunkered down literally ‘zooming’ across the net attending webinars, conference calls and Pilates classes from the comfort of their homes relatively safe from contracting the SARS-CoV-2 virus, fellow South Africans are facing an even bigger threat from the economic fallout created by the lockdown; the very tool deployed to prevent the spread…

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SAICA Disciplinary Report Quarter 1 2020

Overview of the disciplinary process All member complaints received by SAICA are referred to the designated officer and allocated to the Legal and Discipline Unit staff for case management. All cases in which SAICA has jurisdiction are prepared for submission to the Professional Conduct Committee (PCC). The PCC is an independent committee chaired by either…

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SAICA Training Offices and Covid-19

SAICA Training Offices and Covid-19   We have received many queries relating to the impact of the Covid-19 lockdown on training offices and the training programme, such as what to do in relation to assessment, providing exposure and tracking core hours, the possibility of extensions or suspensions to contracts and whether SAICA has considered some…

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Free Webcast: COVID-19 Technical Update

Free Webcast Series: SAICA Leadership in a time of crisis series Webcast # 7: COVID-19 Technical Update (Thursday, 9 April 2020 15h00 – 17h00)   Who Should Attend Members, associates and non-members interested in technical developments related to Covid-19.   Overview The webcast will provide delegates with updates on the COVID-19 implications on IFRS, tax…

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Risks emerging from Covid-19

Risks emerging from Covid-19 Authored by: Gillian Le Cordeur, IRMSA CEO As we navigate our way through this crisis, that not only South Africa but the entire World is dealing with, The Institute of Risk Management South Africa (IRMSA) Executive Committee has highlighted many risks and opportunities associated with the COVID-19 pandemic. It is of…

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COVID-19 Possible alternative futures for South Africa

The nature of the COVID-2019 pandemic reaches into every sphere of society – political, economic, social, technological, environmental and legal – necessitating careful consideration of the long-term consequences of our decisions in response to the pandemic and requiring alternative futures to be considered. The purpose of this article is to describe four possible alternative futures…

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Covid-19: Important Tax Related Matters

Possible tax interventions to mitigate the economic effects of the COVID-19 pandemic in the South African context SAICA made a submission to SARS on 17 March 2020, requesting the Commissioner of SARS to consider various aspects regarding tax compliance due to COVID-19. The Tax Administration Act, 2011 provides for the potential remission of penalties and…

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How the coronavirus has impacted 2020’s investment outlook

Fears around the coronavirus (COVID-19) outbreak has spilled into financial markets 9 March 2020: The coronavirus outbreak has rapidly approached global pandemic levels, and given the knock-on effects of the virus on economic growth, the fireworks in markets were inevitable. From sitting at record highs, global markets sold off aggressively during the last week of…

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