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Cover Story: Giving farmers wings

Aerobotics has taken agriculture, one of the oldest industries in the world, and combined it with artificial intelligence, one of the newest. The result? A mind-blowing agritech company with four dynamic CAs pioneering, guiding and growing this South African-birthed company to global greatness whilst competing against some of the world’s best technology. By 2100, Africa’s…

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Common mistakes in preparing the cash flow statement

Some entities may have given the preparation of the cash flow statement less prominence in comparison to other statements in the financial statements. However, the cash flow statement remains an important part of the financial statements. The cash flow statement is an integral part of the financial statements. This statement informs users about the actual…

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Training the accountants of tomorrow, today

Equipped with the right tools and skills, the accounting community can be among the most valuable advisors and the key to restarting the South African economy. South Africa’s small businesses face an unprecedented range of challenges, and as a result of the COVID-19 crisis, three out of four SMMEs are not expected to survive, according…

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Cloud accounting software market growing significantly

Cloud adoption and the business growth it enables will be critical for growth in a global post-COVID-19, recovery. According to Verified Market Reports, the global cloud accounting software market is forecast to grow at a significant rate, growing at 8,5% in the forecast period 2019−2025. While the forecast was made in 2019, the market, global…

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Thato tackles transformation

Thato Tsotetsi is forging a dynamic and exciting career while passionately playing her part in re-shaping the South African economic landscape. In 2020, advertising industry history was made when Joe Public United became the largest black-owned independent advertising agency in South Africa. It was a big moment for the members of Ikhamva Lakusasa, a newly…

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Digital technology transforming the role of the CFO

Today’s CFOs are transforming into real-time analysts and they are part of a C-suite force leading the digital transformation agenda in their organisations. Until a few years ago, digital transformation was not high on the agenda for most finance chiefs. Though they recognised that IT was important, most CFOs thought of digital as a technology…

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The shift to ethical culture

The emphasis on ethical culture in organisations has become much more pronounced in recent years. There seems to be a realisation that regulations and compliance to regulations − important as they may be – simply are not sufficient to ensure sustained ethical conduct in organisations. In fact, a too strong emphasis on regulation and compliance…

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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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Top-35-under-35 2020: Meet the finalists

Adam Kajee, 33 View Profile Andrea Klassen, 30 View Profile Angella Makowe Mutonhora, 35 View Profile Arun Varughese, 34 View Profile Babalwa Gova, 31 View Profile Byron du Plessis, 35 View Profile Sibonelo Cyril Madiba, 33 View Profile Dana Pretorius, 32 View Profile Divyesh J Joshi, 35 View Profile Ebrahim Tootla, 29 View Profile Fulufhelo…

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Think outside the box

In this feature, we look at some individuals with interesting and varied careers who have the CA(SA) designation in common – but also their exciting, innovative way of thinking. They occupy positions in vastly different worlds, doing different things while capitalising on their unique talents, formal qualifications and interests. Their enthusiasm and insights are infectious…

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The accountancy profession mourns the loss of Professor lucas van vuuren

The chartered accountancy profession recently lost a leading figure in accounting education when Professor Lucas van Vuuren (86) passed away at his Hermanus home in July 2020. SAICA pays tribute to Professor van Vuuren’s commitment to and passion for accounting education. Professor Lucas van Vuuren’s track record illustrates his life-long commitment to accounting education in…

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Young professional shares his passion for the public sector and encourages others to choose this path

As the accounting profession in South Africa evolves with each new day that dawns, the sector also welcomes new talent into its ranks. The numerous training programs afforded by the South African Institute of Chartered Accountants (SAICA) is evidence that the industry is always churning out fresher, younger minds as the profession continues to grow. But…

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A dose of courage: The key for women who want to make it in the accountancy profession

Some women often give up on their dream careers, because of personal circumstances. Anneline Marias, shares her story on how she decided to not give up on her vision of becoming a chartered accountant [CA(SA)] even after an unplanned pregnancy. She also gives some free advice for budding accountants – learn to play a musical…

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Women in Leadership Series Week 2: Recap

TOPIC Session 1 -Level the CORPfield: Creating the ideal environment for the future Session 2-The future female chartered accountant -Embracing the JOURNEY   OVERVIEW: There was a significant emphasis on the value that female professionals bring to their organizations and society. Our panelist were brave, and HONEST, their discussions raised the awareness to societal prejudices…

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On the Cover: Celebrating CAs(SA) who are making the world a better place

To celebrate Women’s Month we take a look at seven inspiring females who are ‘seeing the greater picture’ and have blown us away with what they are doing to make South Africa and the world a better place. They are truly inspirational role models! Some candidly reveal that before attending the #FinBiz2030 launch in February…

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Itu Barnard : Be the change you want to see

Itu Barnard flaunts many hats. She is a director and founder of Browned Skyn (Pty), a company that imports raw materials from Ghana for use in cosmetics and pharmaceuticals. However, since the lockdown came into effect, this has changed to procuring PPE for humanitarian purposes in collaboration with other black-owned businesses. But she hopes to…

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The IRBA’s Public Inspections Report 2019

In this article, we analyse the results of the IRBA’s Public Inspections Report 2019 against those reported in previous years, as well as against the International Forum of Independent Audit Regulators’ (IFIAR) Survey of Inspections Findings 2019. We also highlight success factors or recommended practices to be applied by firms in order to ensure the…

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Accounting for Sustainability: A South African Case Study by Chantyl Mulder CA(SA)

By Chantyl Mulder, CA(SA) and SAICA Executive Director Business is changing. Traditionally companies have only been interested in the bottom line, but with the global rise in focus towards sustainability, business leaders’ have turned their focus away from their sole fixation on financial performance to one that encompasses progress on an environmental, social and governance…

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Cover Story: Seizing the moment

Sky News Australia CFO Henning Neethling believes achievement is the product of talent, effort, and direction. How did a farm boy from Rondefontein in the southern Free State become the CFO of Sky News Australia? It’s a question Henning Neethling still asks himself. He joined the News Corp Australia 24-hour news channel in October 2019…

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A CA(SA) that came with a turbo

Kobus Stadler is one of the youngest CAs(SA) to qualify in South Africa. He walked straight from finishing home school into his first job interview at BGR Jacobs Bester Griessel, a small accounting/audit firm in Worcester, Western Cape, while starting his degree part-time at Unisa. He was just 15 years old. Kobus Stadler says that…

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COVID-19’s impact on student learning

The arrival of the novel coronavirus has received much media attention coverage over businesses, vulnerable communities and the economy. This article highlights a few critical aspects of how COVID-19 has impacted CAs-in-training from the perspective of Wits School of Accountancy lecturers. COVID-19 first hit South Africa in March 2020. Wits took the decision to bring…

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Headline: Supplementary Budget – Why and what now

With COVID-19 hitting the South African shores in March 2020, the South African government enforced a strict lockdown bringing an already battling economy to its knees. To try and compensate to some extent for this, on 21 April 2020, the President of South Africa, Cyril Ramaphosa, announced a R500 billion (bn) fiscal support package, writes…

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Sasol appoints new Group Executive Committee member

Date:  02 June 2020 JOHANNESBURG, SOUTH AFRICA – Sasol today announced the appointment of Priscillah Mabelane as Executive Vice President: Energy Business, effective 1 September 2020.  She will also serve as a member of Sasol’s Group Executive Committee (GEC). Mabelane, a qualified Chartered Accountant, joins Sasol from BP Southern Africa (BPSA), where she was the…

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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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Wits PhD student wins award for invention vital to fighting COVID-19

Over five years Michael Lucas, a PhD student in the School of Mechanical Engineering at Wits, has developed a metallised coating that can be added to surfaces in hospitals to make them capable of self-sanitising. Lucas explains that most hospital surfaces are made of stainless steel and plastic and are sites of contamination. By adding…

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Achieving mental wellbeing during Covid-19

Achieving mental wellbeing during Covid-19 As part of Saica’s Leadership in a time of crisis webinar series, clinical psychologist Navlika Ratangee spoke about how to achieve mental wellbeing during the Covid-19 crisis. You can still watch this webcast for free here. The South African Institute of Chartered Accountants (Saica) understands that the outbreak of Covid-19…

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The economic impact of COVID-19

The economic impact of COVID-19 SAICA hosted a webinar on 6 April 2020 where Chief Economist for Investec Bank Limited South Africa, Annabel Bishop, spoke about the effects of Sub-investment grade Status and the Coronavirus on our country’s already struggling economy. The South African Institute of Chartered Accountants (SAICA) is offering a Leadership in a…

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Turning crisis into opportunity

Turning crisis into opportunity During lockdown, you may not be able to work in your business, but investor and entrepreneur, York Zucchi, shares expert tips on how you can work on your business Johannesburg, 23 April 2020 – If there’s anyone who knows how tough running your own business is, it’s entrepreneur and investor, York…

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Could SA by some miracle dodge worst of Covid-19 curse?

Could SA by some miracle dodge worst of Covid-19 curse? – Alan Knott-Craig Authors: Linda van Tilburg , Alan Knott-Craig Published: https://www.biznews.com   South Africa might just get lucky By Alan Knott-Craig* In February, our country was in bad shape. Our stock market was over-heated. We were heading for a recession. We were heading for…

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SDG 16_Professor Wiseman Nkuhlu_pp_SM

Governance is ‘like a web’ − but in SA, the laws are like cobwebs

Daily Maverick Insider Sarah Powell moderated the panel on ‘Big Business, Big Responsibility’ with speakers Professor Wiseman Nkuhlu, Chancellor of the University of Pretoria, Futuregrowth’s Andrew Canter and PwC’s Trevor Hills during Daily Maverick’s The Gathering on Friday, 6 March 2020 (Photo: John Stupart) Corporate governance is like a web that goes far beyond the…

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Meet some of SA’s Fintech disruptors

Many of South Africa’s most prominent entrepreneurs also happen to be CAs(SA). They spoke to Monique Verduyn about what it takes to run a successful business in a tough economy. Entrepreneurial endeavours have had a large-scale impact on economic conditions, business environment and job generation in South Africa. Entrepreneurs help drive change through innovation, where…

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Report on the Fintech start-up sector

The Intergovernmental Fintech Working Group (IFWG) has published its first Fintech Landscaping Report. Fintech is technology-enabled financial innovation which can lead to new business models, applications, processes and products, and is transforming the financial services sector globally. Fintech has the potential to reduce costs and frictions, increase efficiency and competition, narrow information asymmetry, broaden access,…

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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 lockdown and tax-and unemployment-related matters

The COVID-19 lockdown currently in place will have an impact on tax-related matters. This includes contact with SARS, returns and payments due to SARS, as well as disputes. It also has an impact on employers and their employees. While a lot of information was available at the time of writing of this article, it is…

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Covid-19 lockdown and tax and unemployment related matters

Covid-19 lockdown and tax and unemployment related matters Authors: Piet Nel and Juanita Steenekamp SAICA The Covid-19 lockdown currently in place will have an impact on tax related matters.  This includes contact with SARS, returns and payments due to SARS, as well as disputes.  It also has an impact on employers and their employees.  Whilst…

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New Mentoring Programme For Newly Qualified CAs(SA)

SAICA has proudly piloted an innovative mentoring programme for newly qualified CAs(SA) in order to support and enhance their growth and development. This year a core group of volunteer SAICA members who took an active part in the pilot programme are leading the introduction of the next round of the programme When we come across…

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SDG Profile: Working Doggedly To Prevent Poaching

The role of honorary ranger suits this animal-loving books-balancer to a T, but how exactly does one end up in a career that also stokes your passion of protecting the natural environment? Leonie Meyer CA(SA) is a reporting strategist at GreymatterFinch as well as an active member of SANParks Honorary Rangers (SHR). At SHR she…

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Aligning Different Perspectives Of Ethics

It is easy to have the view that ‘right is right’ and ‘wrong is wrong’, but what if one person truly believes a different ‘right’ to someone else? One of the key challenges for businesses operating in several jurisdictions is that individuals and cultures have different perspectives on what is right and wrong. Organisations that…

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Cover Story: Ronel Jooste CA(SA)

Out of the comfort zone Ronel Jooste believes that the beauty of being an entrepreneur lies in the fact that whatever you can envisage, you can put into action. And she should know – as a financial consultant, speaker, author and guesthouse owner, she has actioned her entrepreneurial dreams and it has changed her life.…

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From Cape Flats childhood to a well-chartered life of uplifting youth through sports

Nathaniel Japhta: How Basketball took this young South African from the Cape Flats to achieving a University Degree, becoming a business owner, and an Active Citizen uplifting youth through sports! Johannesburg, South Africa (19 February 2020) – Nathaniel Japhta grew up in the Cape Flats, a life many Chartered Accountants [CAs(SA)] just can’t imagine. He…

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SAICA releases the results for the 2019 November Assessment of Professional Competence

On Friday, 14 February 2020, SAICA announced that 2 024 of the 3 560 candidates who wrote the Assessment of Professional Competence (APC) evaluation in November 2019, successfully met the assessment’s requirements. “SAICA would like to congratulate the cohort of 2019 for their dedication and determination in applying themselves to the rigorous professional requirements of…

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SAICA is celebrating 40 years of Trust Leadership

On this day 40 years ago, the provincial councils of the erstwhile Transvaal, the Cape, Natal and Free State, in a joint meeting, dissolved the National Council (formerly the Joint Council of the Chartered Societies) and the South African Institute of Chartered Accountants (SAICA) was established. Today, 12 February 2020, therefore marks 40 years of…

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Top-35-under-35 2019 Finalist Wins Women in Finance of the Year Award

Congratulations, Ashanika Perimal CA(SA), for winning the Women in Finance of the Year award at the annual The Future of Finance and CFO Summit in London. The award celebrates an individual who are dedicated to being a driving force for superior performance in the world of finance. We celebrate this wonderful achievement with you! From…

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Academia or corporate – who’s more satisfied? A millennial analysis

Retaining millennials is becoming an increasing problem for employers throughout the world. High employee turnover disrupts an organisation’s productivity levels and also has a negative impact on financial performance. By reducing employee turnover, organisations are able to be more competitive in the market. Studies have shown that employee turnover disrupts productivity-related outcomes and has a…

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Cover Story: Soaring From Small-Town To San Francisco

Jared Tubb tells us how a decade ago, his girlfriend at the time, Sarah, asked him if he’d ever consider moving to the US. His response to her without even thinking was, ‘No, not even for vacation!’ He laughs at his response now. Now he’s happily married to Sarah and thriving in San Francisco just…

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Headline: CEO pessimism over global growth reaches record high

In every region across the world, CEOs predict slower growth. South African CEOs are pessimistic about the rate of global economic growth with 44% believing that it will decline over the next 12 months. CEOs in South Africa are more pessimistic than their global counterparts regarding their organisations’ growth prospects in 2020. Only 14% of…

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Switching to cloud-native document automation saves costs and improves cash flow

By Chris de Zeeuw, founding partner and Managing Director of Capisol Software Approximately 25-30% of accountants’ time is taken up searching for documents. As a result, many companies are spending unnecessary time searching for invoicing information and documents, correcting errors, or ensuring document compliance when all of these processes can be safely automated. Finance and…

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CPD: The enhanced auditor’s report

Post-Implementation review in South Africa The new and revised auditor reporting standards became effective for audits offinancial statements for periods ending on or after 15 December 2016. With more than two years of post-implementation experience, SAICA provides an overview and analysis of the revised format of the auditor’s reports of certain entities listed on the…

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The Upside-down Leader

The diagram above is an excellent rendition of the current debate on executive leadership. I find this particularly entertaining, as I have been following this topic for well on 30 years now. Hence I have coined the terms principle-/value-based leader, Upside-down Leader, or UDL for short. If your executive boss is the leader on the…

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Cover Story: Sindi Mabaso-Koyana

Dedication, passion, and a commitment to her self-development have made Sindi Mabaso-Koyana, head of AIH, a true trailblazer in the world of accounting and governance, and a role model for the next generation of leaders. One of the country’s most powerful women in business, Sindi Mabaso-Koyana has had an illustrious and exciting career. Currently the…

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Bronwyn Corbertt CA(SA) wins big at EY Southern Africa’s Entrepreneur Awards

This year’s finalist group and of course, the winners, have built businesses across all sectors offering innovation and exceptional acumen and leadership on the topics of organisational culture, upskilling the unemployed youth, tourism and conservation, effective food supply chain management, online payment and credit systems, insurance and insurance underwriting, the owner and operator hotel model…

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Vulnerability in Leadership – A Characteristic That Shouldn’t be Overlooked.

In society, conventional wisdom holds that it is difficult to lead or negotiate or make demands from a position of perceived weakness. Leaders tend to adopt more of a stern, sometimes tyrannous attitude as a means to be taken seriously. Therefore, people, especially leaders, are expected to never show vulnerability. It now turns out that…

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Cover Story: Tramayne’s Ten Cents’ Worth

Move over, number crunchers. Tomorrow’s CAs(SA) are more concerned with adding value than balancing the books, says Tramayne Monaghan. And he should know – as chief innovation officer of Tencent, he’s a living example of this new breed ‘My mother isn’t actually sure what I do,’ Monaghan laughs. That’s not surprising, given that he describes…

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ASA: Nov 2019 Issue

READ NOW DOWNLOAD Try, Fail, Try Again… We have all heard and read about successful leaders who failed many times before they finally succeeded. Sometimes they may even succeed in a totally different space than the one they had initially aimed for. A success story that has inspired many is our cover profile, Shirley Machaba.…

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Social Impact: Why Brands Should Be Moving From ‘for Profit’ To ‘for Benefit’ Model

Besides being good for your brand, good social impact business practices are good for everybody! Social impact is more than just a catchphrase we hear bandied about on special days observed by the United Nations. Social impact is also no longer confined to non-governmental organisations (NGOs), non-profit organisations (NPOs) or even basic corporate social investment…

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Hlengiwe Ndlela: Power of professional thinking Award

AUDITING LECTURER: UNIVERSITY OF KWAZULU-NATAL (UKZN) Giving up is just never an option for Hlengiwe Ndlela. She knows exactly how hard failure can knock one down. But she has overridden ‘fail’ multiple times, replacing it with the stamp of success. Today, she mentors scores of students into confident professionals because she knows sometimes all you…

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Gideon Botha: Simplifying your success Award

SENIOR FINANCIAL MANAGER: NEDBANK GROUP Gideon Botha is a well-rounded researcher and futurist with a balanced outlook on life. He is that exceptional example of an academic who intelligently puts all the knowledge gained to work by addressing core issues in South Africa’s private health care system. And to top that, he’s put a great…

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Lize Lubbe: Influence Category Winner

PRINCIPAL: PHATISA Pioneering spirit has led her to deliberately choose the road less travelled at every pivotal moment. And with investing and entrepreneurship being the golden thread that runs throughout her career, the results of her leading huge impact investment projects across the african continent have been extraordinary. In her spare time, she is a…

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Léan Boezaart: Develop Category Winner

CO-FOUNDER: FREEDOM OF MOVEMENT From a single leather bag, Léan Boezaart and the team have ignited freedom of movement (FOM) to a premium south African lifestyle brand that ranges from the trendiest leather bags and footwear to aesthetics timepieces. today they proudly boast 10 FOM concept stores, with one based in Amsterdam READ FULL ARTICLE…

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CPD: Proposed amendments to the JSE listings requirements and possible impact on the auditor

The proposed amendments to the JSE listing requirements impact the entire financial supply chain, from management to those charged with governance, including audit committees and external auditors who perform reasonable assurance engagements on the issuers’ financial statements. READ ARTICLE

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SDGs: True upliftment

Musa Ndlovu’s story is an inspiring one. It’s the full-circle story of a newly qualified chartered accountant (CA(SA), who relocated just weeks ago to pursue an exciting career opportunity. Rewinding the hands of time, he was also the recipient of the SAICA’s Thuthuka Bursary Fund after his successful participation in the South African Maths Olympiad…

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SAICA’s assistance to government regarding Eskom’s restructuring

The SAICA Board has agreed to a request from the Minister of Public Enterprises, Pravin Gordhan, and the Minister of Finance, Tito Mboweni, for SAICA to assist Government with the restructuring of its Eskom business through the establishment of the office of the Chief Restructuring Officer. SAICA will put together a team of specialists lead…

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Cover Story: Shirley Machaba

For the newly appointed CEO of PwC, Shirley Machaba, building a leadership legacy driven by her own values and those of the firm will be her most significant achievement. There’s a clear divide in South Africa between businesses that are committed to gender equity and those that aren’t. According to Grant Thornton’s recent International Business…

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Join CA(SA) of the Future 2019 Conference

It’s impossible to stop the wave of new technology disruption in the financial industry is in The Fourth Industrial Revolution will mark a significant change in the way we work and do business. Finance leaders who are unable to critically assess people, processes and technology will fail to be valued strategic business partners. Hear from…

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A Heart for Orphans: Rabia Nana CA(SA)

I WANTED TO GO BACK AND HELP THOSE CHILDREN THAT ARE IN THE POSITION THAT I WAS IN. CHILDREN ARE SO INNOCENT AND DON’T ASK TO COME HERE, AND IT’S QUITE SAD WHEN YOU SEE HOW MANY OF THESE KIDS ARE ORPHANED, ABANDONED AND UNDERPRIVILEGED Despite a difficult childhood, Rabia Nana has proved circumstances don’t…

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Keeping the Balance: Nicky Els CA(SA)

AS AN ACCOUNTANT, YOU HAVE TAKEN A PLEDGE TO BE HONEST IN YOUR DEALINGS, SO IT IS VERY IMPORTANT THAT YOU WORK WITH COMPLETE INTEGRITY Chartered accountant Nicky Els, Team Leader − Governance and Reporting in the FirstRand finance area, is passionate about maintaining integrity in the accounting and finance sector. And when she’s not…

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Evolving into the Authentic Self: Talitha Ferreira CA(SA)

BECOMING AUTHENTIC AS AN INDIVIDUAL GIVES YOU THE POWER TO BE A CHANGE AGENT FOR YOUR OWN WORKING ENVIRONMENT TOO, AS A RESULT OF THE PROFOUNDER AND MORE CONNECTED WORKPLACE INTERACTIONS YOU WILL CULTIVATE Authenticity requires consciousness and connectedness. It’s a pursuit that Talita Ferreira has devoted much of her life to. When people are…

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We can all lead change

South Africa is facing a crisis of confidence from inside the country and internationally. SAICA and the Accountancy profession are no exception. When organisations, communities, or societies face intractable challenges, the cries for leadership can be deafening. Often these cries reflect the longing for individuals who possess special talents and attributes to inspire their organisations…

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ITC Results: Transformation initiatives are paying off

Despite chartered accountancy being one of those fields that faces a critical skills shortage, the Department of Higher Education and Training’s Top 100 scarcest skills in the country notes that there continues to be a shortage of chartered accountants entering the profession. Moreover, 70% of those in the chartered accountancy profession are white. With the…

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Cover Story – Leading from the heart

From managing a large retirement fund to ensuring safer skies in the country, Thomas Kgokolo, interim CEO of Air Traffic Navigation Services (ATNS), is passionate about creating a positive impact in corporate South Africa through good governance and sustainable leadership. Read the full article here. Watch the video interview below:

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Chris van Zyl

Cover Story: A Game Plan For Success

Chris van Zyl is known in rugby circles as the hot captain of the Western Province rugby team, but most South Africans do not know that Chris is also a chartered accountant who successfully runs his own consulting business. And it has not come easy. Chris has demonstrated remarkable tenacity and resilience to realise his…

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Sustainable Development Goals: Bojane Segooa

Ever noticed that the most accomplished people seem to add more accomplishments to their already glowing CVs, while the rest of us battle to shine at our 9−5? Bojane Segooa is one of that shiny set. She shares her knowledge and experience as a regular edu-tech conference speaker and was an honouree at last year’s…

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How maternity leave and parental leave structuring impacts your salary

Authored by: Muhammed Goolab, Executive Committee Member of the South African Rewards Association  Despite years of progress and an increased awareness surrounding gender equity in the workplace and society in general, women bare a disproportionate responsibility when it comes to childcare. This, combined with social expectations and gender stereotypes, are seen to place women at…

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*Sponsored Content* From bean counting to boardroom strategy – 3 benefits of moving to an ERP system

Is your data delivering information or is it just data? By Lyall O’Carroll, of Seidor Bluekey Each year, the SME Survey is released by SME Survey (Pty) Ltd. In 2018, the survey focused on accounting functions and the future role of accountants. Conducted among 1,400 SME decision makers, data showed that despite SMEs being traditionally…

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Climbing the Corporate Ladder to CFO

After qualifying the long way as some would say, Damian Judge pursued the gruelling ‘part-time studying, full-time working’ route to become a CA(SA). He worked his way to financial director for two companies, Advanced Polymers in Johannesburg and Kaytech in Durban. When moving into commerce, Damian admits Advanced Polymers took a chance on a young…

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Motivating your most creative employees

In any team or organisation, some individuals are consistently more likely to come up with ideas that are both novel and useful. These ideas are the seeds of innovation: the intellectual foundation for any new products and services that enable some organisations to gain a competitive advantage over others. However, organisations are often unable to…

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Cover Story: Three CAs(SA) Scale Up Entrepreneurs To Triumph

We all know South Africa needs more entrepreneurs to ignite our economy and job creation, but access to finance is a major stumbling block to business success. Louw Barnardt, Dana Pretorius and Jacques Le Grange, founders of Outsourced CFO (OCFO), at just 30 years old have helped entrepreneurs raise over half a billion rand. And…

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CPD: New long association rules for auditors long overdue?

The 2018 edition of the International Ethics Standards Board for Professional Accountants (IESBA) Code (renamed the International Code of Ethics for Professional Accountants (including International Independence Standards)) was completely rewritten under a new structure and drafting convention which makes it easier to navigate, use and enforce. The South African Institute of Chartered Accountants (SAICA) has…

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SAICA’s Statement on the Steinhoff matter

SAICA notes the Overview Forensic Investigation report into Steinhoff that was released by the Steinhoff International Holdings NV Boards on 15 March 2019. Furthermore, following a discussion between a number of parliamentary committees on Tuesday, 19 March 2019, the names of eight implicated individuals have been published, two of whom are SAICA members and therefore…

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Enter This Year’s Top 35-Under-35

Are you a CA(SA) or do you know any fellow CAs(SA) that is an extraordinary young businessman and woman? Then it’s time to enter or nominate yourself or someone else for this year’s Top-35-Under-35 Competition. This initiative recognises and rewards young CAs(SA) who are trailblazers and leaders in their own right. The Top 35-Under-35 awards…

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*Sponsored Content: Partnering with women on their rise to the top

Investec is committed to partnering with women as they rise and is celebrating women who are at the top of their game – in business, education and sport. Investec South Africa is using this year’s International Women’s Day, Friday 8 March, to launch its ‘Women on the Rise’ Campaign which salutes and celebrates its year-round…

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Help your team understand what data is and isn’t good for

Leaders today increasingly turn to big data and advanced analytics in hopes of solving their most pressing problems, whether it’s a drop-off of repeat customers, a shift in consumption patterns, or an attempt to reach new markets. The prevailing thought is that more data is better, especially given advancements in tools and technologies such as…

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CAs(SA) at the leading edge of Disruption: The Uber Case Study

Technological disruption is so radically transforming industries across the spectrum that it is referred to as the ‘Fourth Industrial Revolution’. At the forefront of this global revolution are chartered accountants like Frans Hiemstra, head of partner channels at Uber. While almost every industry, from finance to farming, is impacted, Uber stands out as one of…

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CPD: Proposed Deferral of IFRS 17

The International Accounting Standards Board (IASB) at its meeting on 14 November 2018 tentatively decided to propose that: The mandatory effective date of IFRS 17, Insurance Contracts (IFRS 17), be deferred by one year, to 2022, and The fixed expiry date for the optional temporary exemption from applying IFRS 9, Financial Instruments (IFRS 9), which…

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Can Investments be Ethical?

Alcohol, tobacco, pollution, gun control and discrimination are but a few of some very emotive issues and at the forefront of current debates. Increasingly, they take prominence in who we vote for, who we do business with and where we invest. But should you trade off ethics and investing? Wealth AdvisorMike Lledo CA(SA) Independent Financial…

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What is the most productive day of your week?

Debunking the whole ‘Blue Monday’ theory, after studying over 30 million anonymised projects and tasks generated through its software, Redbooth discovered that Monday is indeed one of the best days to get the most done. Their data revealed that employees completed the most work tasks at the beginning of the week (Monday, followed by Tuesday).…

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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.

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Cryptocurrency and South Africa’s Financial Future

Almost half of richer, digitally-savvy South Africans want to buy cryptocurrencies, according to new research from Business Insider. But are they a flash in the pan – or the future of finance? Cryptocurrencies are a subset of digital currencies which the Bank for International Settlements describes simply as assets represented in digital form. PayPal and…

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CAs(SA) Driving Business Success

Through Ethics and Compliance: The Uber Case Study Tech-driven disruption is radically transforming industries at a startling pace. Uber stands out as one of the most spectacular examples of this disruption, in which the application of new technology revolutionised the transport industry. Underlying Uber’s stellar success are cultural norms that reflect ethical behaviour and public…

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Evaluating Trust in the Accountancy Profession

On behalf of Chartered Accountants Worldwide (CAW), Edelman Intelligence surveyed over one thousand business leaders and key decision-makers across the UK, Ireland, South Africa, Australia and New Zealand to measure their trust in chartered accountants, the accountancy sector and business as a whole. In South Africa 250 respondents were interviewed. In an era where trust…

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Winning Essay: How CAs(SA) Can Improve The Communities and Hometowns from which they come

Lungelo Ngobese, a 21-year old student from Richards Bay studying at Stellenbosch University, clinched the winning spot for his insightful and solution-driven essay at SAICA’s 10th annual leadership summit. He details how CAs(SA) can improve the communities and hometowns from which they come. Read the full article here.

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Taking Ownership of Your Accounting Practice.

In 2011, the New York Times published an article specifying the top 10 reasons small businesses fail. Number 4 on the list was ‘poor accounting’. The thrust of the theory is that an external accountant cannot keep a watch over the business; business requires an internal interested professional to perform that function. Read the full…

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How Does Nation-Building Benefit You?

SAICA has risen to the challenge. Through its nation-building projects, it has pioneered a number of SME growth initiatives through entities such as SAICA Enterprise Development and The Hope Factory. Each of these, in their own unique way, focuses on the development of SMEs from the start-up phase through to sustainable high-growth businesses.

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Mlungisi Hlongwane: A Social transformation agent

‘I hail from the deep rural area called Bergville in KZN. It boasts the Drakensberg Mountains – a Unesco World Heritage site. I have always been curious, someone who likes to challenge the norms, coming up with solutions to problems or improving the way of doing things,’ he says.  Read Mlungisi’s full story here:

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Feature: Is Customer-Centricity the way to survive the technology storm?

Let’s face it. There are only two real certainties in the Fourth Industrial Revolution. One is that nobody is a real expert, because it’s all just too new. Remember when social media started moving into the mainstream around 10 years ago and suddenly we had ‘experts’ pouring out of the woodwork looking for their 15…

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