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September 2011

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From the pen – Small Is The New Big

The analysts agree that, in order to realise our country’s desired employment figures and economic growth, the small and medium enterprise sector is a critical cog. It’s within this sector, where small start-ups exist, that job creation is a very real priority. But it is also within this sector where some of the most challenging business realities exist. Changing regulations, challenges in attracting and retaining qualified staff and issues pertaining to working capital are just some of what frustrates the practitioner within this sector. So when government commits to tax incentives that benefit this sector, and when access to finance is made easier, the contribution SMEs do make and will continue to make towards our country’s GDP and employment figures should be incentive enough to build stronger relationships with this important sector.

Congratulations
I’m so excited to announce that Chantyl Mulder, Snr Executive: Professional Development, Transformation and Growth at SAICA, has just won the 2011 Most Influential Women in Business and Government – Financial Service General Sector award. (A CEO magazine initiative.)

Chantyl works tirelessly and creatively to support the transformation of our profession. We are very proud of the leadership she has shown to the country and we celebrate with her her enormous achievement.

“I am humbled and honored. This is all about great teamwork and being passionate about what you do. I dedicate this award to all our Thuthuka students, who one day will be the business leaders that other learners and students will look up to.”

Congratulations Chantyl, not only for the award, but also for the dedication you’ve shown to building a sustainable channel for young black students to enter the profession.

New Column
I’m so excited that Mr. Charles Hattingh is once again penning for ASA. The column titled Fullstop will take you on a critical look at the profession.

Errata
In our July 2011 issue of ASA, the article that appears on page 28 refers:
The dates that refer to the Annual Financial Statements (AFSs) on page 29 as well as the Audit requirement on page 30 – for financial year ends before or for financial year ends beginning on 30th July 2011, should have stated the following date: 30th April 2011.

We apologise to all our readers as well as our author, Rika Butler, for any inconvenience caused by the error.

Raina

 

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