South Africa’s Tongaat Hulett appoints Rob Aitken CA(SA) as new CFO

SOUTH AFRICA – South Africa’s agri-business company, Tongaat Hulett, has announced the appointment of Rob Aitken as new permeant Chief Executive Officer (CFO) and executive director, effective March 2019, reports Business Report.Rob Aitken has been the acting CFO for the past six months since the departure of Murray Munro who resigned in August 2018.

Vukile appoints Laurence Cohen CA(SA) as CFO

Real estate investment trust (Reit) Vukile Property Fund has appointed Laurence Cohen as CFO designate, effective March 1.He will succeed Vukile’s FD Mike Potts and be appointed to the Vukile board of directors on July 1, after Potts’ planned retirement on June 30.Cohen, a chartered accountant, previously served as Hyprop Investments FD for nearly 15 years.

Top 35-Under-35 Conditions of Entry

Conditions of EntryThe Top 35-under-35 awards are open to all Chartered Accountants (SA) who are 35 years old or younger, as at 31 December 2019.You have to be a registered member in good standing of SAICA with no past of pending judgements against you.All entries must be accompanied by an introduction video...

Liza Bergh CA(SA) has been appointed Internal Audit Executive: Risk, Compliance & Africa at Nedbank

Liza Bergh has taken up the position of Internal Audit Executive: Risk, Compliance & Africa at Nedbank. Liza joins Nedbank after 13 years with the Absa Group, where she most recently served as Head of Risk Management & Control - Retail and Business Bank and, prior to that, Head of Business Governance & Regulatory Support. A Chartered Accountant, she...

CPD: Accounting’s Extra-Financial Future

Beyond the classic model of Porter’s Five Forces, social expectations and environmental pressures are mounting on today’s businesses. Thankfully, tools exist to help businesses understand and improve their extra-financial performance.Today’s businesses find themselves having to constantly adjust to new expectations from an increasingly informed consumer base, to changing...

CPD: ISRS 4400 (Revised) A High-Level Overview of the Proposed Changes

On 15 November 2018 the International Auditing and Assurance Standards Board (IAASB) issued the exposure draft of proposed ISRS 4400 (Revised), Agreed-Upon Procedures Engagements (ED-4400), for public comment by 15 March 2019.The project to revise ISRS 4400 was started seeing that the standard had been developed more than...

How the CIPC’s Move to XBRL will affect your business

XBRL stands for eXtensible Business Reporting Language, which essentially is a global web-based computer language designed for business reporting. It is being adopted by regulatory bodies around the world and South Africa is following suit, starting with the Companies and Intellectual Property Commission of South Africa (CIPC).Continue Reading

Chartered Accountants in the 4th Industrial Revolution

Technology has advanced rapidly over the last few decades, particularly with regard to artificial intelligence (AI). This advancement has professionals across disciplines fearing the unknown and more specifically, questioning their role after the implementation of these new technologies. The chartered accountancy profession is no exception.Continue Reading

Tax Implications of Digital Currencies

TAX Specialist MUNEER HASSAN CA(SA) Tax Consultant, Senior Lecturer in Taxation at UJ and Lecturer on the Gauteng Board CourseWhat are cryptocurrencies? According to the South African Reserve Bank (SARB): Cryptocurrencies (that is, decentralised convertible virtual currencies) are a sub-set of virtual currency. Bitcoin, Litecoin and Ripple are examples of cryptocurrencies. Legal...

Digital Age Demands Remerging Leadership

Leadership Advisor BRETT TROMP CA(SA) CFO of Discovery HealthWhat sort of leadership does the digital age demand? In a techdriven world, fast-paced change and ambiguity are the only certainty. Successful leaders are comfortable following a direction over a destination and...