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Financial statements to undergo a facelift
Financial statements to undergo a faceliftArticle

Financial statements are a mechanism that can be used to hold management accountable for the resources entrusted to it by shareholders, writes Bongeka Nodada, Saica project director: financial reporting...

Bongeka Nodada, Issued by SAICA 11 Sep 2020

SMEs reporting revival and Covid-19's influence
SMEs reporting revival and Covid-19's influenceArticle

In 2019, the International Accounting Standards Board (IASB) sent out a Request for Information (RFI) to assess the market's appetite for the potential comprehensive review and overhaul of financial reporting for Small Medium Enterprises (IFRS for SMEs), writes Milton Segal, SAICA Senior Executive: Corporate Reporting...

Milton Segal, Issued by SAICA 9 Sep 2020

Future of HR | 10 ways we need to prepare ourselves for the future of work
Future of HR | 10 ways we need to prepare ourselves for the future of workArticle

On 2 and 3 September, Topco Media and Simplify hosted the digital Future of HR Summit. An annual innovation-focused initiative that aimed to help delegates prepare for the hyper-digitised workplace of tomorrow...

Issued by Topco Media 4 Sep 2020

Banks and beer top the 2020 BrandZ™ Most Valuable South African Brands
Banks and beer top the 2020 BrandZ™ Most Valuable South African BrandsArticle

First National Bank (FNB) has been named as South Africa's most valuable brand for the first time, in the BrandZ Top 30 Most Valuable South African Brands ranking, released today by WPP and Kantar...

Issued by Kantar 1 Sep 2020

Covid-19 catapults businesses into new ways of working
Covid-19 catapults businesses into new ways of workingArticle

Since the Brundtland Commission coined the phrase "sustainable development" in the late eighties, sustainability has had a bad rap...

Christelle Marais 27 Aug 2020

New claims and questions from City Press journalist
New claims and questions from City Press journalistArticle

The latest enquiries from the City Press journalist regrettably seeks once more to elevate anonymous emails beyond their merit...

Professor Ihron Rensburg, Issued by Vaal University of Technology 7 Aug 2020

National Lotteries Commission ordered to submit list of beneficiaries
National Lotteries Commission ordered to submit list of beneficiariesArticle

The Portfolio Committee on Trade and Industry wants the National Lotteries Commission (NLC) to provide the list of beneficiaries that benefited from the R150 million Covid-19 relief fund...

20 Jul 2020

Pieter Bensch, executive vice president, Africa & Middle East, Sage
Finance is becoming data-driven and strategic - Here's what CFOs need to knowArticle

South African chief financial officers and senior finance professionals recognise that the world is changing, with a perfect storm of technological and social forces altering the rules of business in this digital era...

Pieter Bensch 15 Jul 2020

Hayley Barker Hoogwerf, Saica project director: assurance
Modification to the audit opinion explainedArticle

Audit firms are advanced in terms of being able to work remotely. Many firms, even the smaller firms, have cloud-based software that can be accessed anywhere and at any time...

18 Jun 2020

Sanral to professionalise its finance division with world class professional accounting designations
Sanral to professionalise its finance division with world class professional accounting designationsArticle

Having started to professionalise its finance team with suitable accounting, finance and business skills, Sanral can rest assured knowing that this decision will in the long run enable them to recruit, develop and retain staff who will tackle the complexities of financial management in the public sector with great aplomb...

Issued by SAICA 12 Jun 2020

How insurers are turning their backs on the tourism industry
How insurers are turning their backs on the tourism industryArticle

The South African tourism and hospitality sector is facing an imminent sustainability crisis as insurance companies are rejecting claims related to the Covid-19 pandemic, for which many policyholders believe they are covered under their Business Interruption extension...

10 Jun 2020

Good governance can help SMEs access Covid-19 relief speedily
Good governance can help SMEs access Covid-19 relief speedilyArticle

Various public and private sector entities have released wide-scale relief measures to help South African small to medium enterprises (SMEs) survive the Covid-19 business slowdown...

Andiswa Bata 4 Jun 2020

The role of the Banking Ombudsman's office is more relevant now than it has ever been
The role of the Banking Ombudsman's office is more relevant now than it has ever beenArticle

The impact of Covid-19, and the financial crisis that is bound to follow in its wake, will have a lasting impact on society and business as a whole. It will be a time of great financial stress and a time where the services of bodies such as the Ombudsman for Banking Services (OBS) will be needed now more than ever...

Issued by Ombudsman for Banking Services 29 May 2020

Impact of the withdrawal of the CIPC non-binding opinion on sections 90 and 92 of the Companies Act
Impact of the withdrawal of the CIPC non-binding opinion on sections 90 and 92 of the Companies ActArticle

This article serves as a reminder of the requirements contained in section 90 of the Companies Act that auditors should be cognisant of in accepting the appointment as an auditor of the business accounts of a legal practitioner...

Juanita Steenekamp and Hayley Barker Hoogwerf, Issued by SAICA 26 May 2020

Audit requirements relating to the business accounts of legal practitioners now clarified
Audit requirements relating to the business accounts of legal practitioners now clarifiedArticle

The business accounts of legal practitioners who are subject to the Companies Act, i.e. are registered companies, and who hold assets in trust in excess of R5m at any time during the financial year, are now required to be audited...

Hayley Barker Hoogwerf, Issued by SAICA 26 May 2020

Guidelines for spaza shops announced
Guidelines for spaza shops announcedArticle

The Department of Small Business Development (DSBD) has announced guidelines for participation in the Spaza Shops and General Dealers support scheme...

20 Apr 2020

How entrepreneurs can handle the effects of Covid-19
How entrepreneurs can handle the effects of Covid-19Article

Many business owners and entrepreneurs are worried about the economic impact of the coronavirus pandemic and... they should be...

Papa and Hetty Boachie-Yiadom 2 Apr 2020

Bernard Agulhas, CEO of the IRBA
The implications of Covid-19 on audits and auditorsArticle

The Independent Regulatory Board for Auditors (IRBA) has issued a newsletter relating to the Implications of the Covid-19 outbreak on audits and audit risks...

26 Mar 2020

Advice to companies facing illiquidity as a result of Covid-19
Advice to companies facing illiquidity as a result of Covid-19Article

Flowing out of the health and medical consequences of the coronavirus (Covid-19) and the measures being taken to contain and prevent the spread of the disease (including the temporary closure of businesses and the voluntary and compulsory quarantining of employees and management), is the economic fallout and the drying up of cash resources...

24 Mar 2020

The path to digital revolution for businesses in SA
The path to digital revolution for businesses in SAArticle

Adopting and adapting to digital is more important now than ever before...

Evan-Lee Courie 9 Mar 2020

A recipe for success from KFC's top franchisee Burt Gunning
A recipe for success from KFC's top franchisee Burt GunningArticle

Burt Gunning is the guy to take your cue from when it comes to running a successful franchise business...

Lauren Hartzenberg 28 Feb 2020

Companies prepare for the CIPC's new compliance checklist
Companies prepare for the CIPC's new compliance checklistArticle

The Companies and Intellectual Property Commission (CIPC) has introduced a new requirement for all South African companies to declare their compliance with specific sections of the Companies Act...

Madelein Burger, Elodie Maume, Cindy Leibowitz, and Marina Hodgkinson 19 Feb 2020

Image source: Getty/Gallo
Checklist for your small business credit cardArticle

Credit plays an important role in helping small- and medium-size enterprises (SMEs) start, run, grow and sustain their businesses...

Valentine Jingura 19 Feb 2020

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

Here's what inspired Nathaniel Japhta - who grew up in the Cape Flats - to push through and help the next generation get on the safe track to a brighter future...

Leigh Andrews, Issued by SAICA 18 Feb 2020

CTICC outlines 2019 integrated annual report with growing success
CTICC outlines 2019 integrated annual report with growing successArticle

As outlined in its Economic Impact Report, the CTICC has generated more than 130,465 jobs since its inception in 2003. Despite an economy that is shedding jobs, assembled shareholders heard that CTICC created or sustained 14,620 jobs in the past financial year alone...

12 Dec 2019

Prasa placed under administration
Prasa placed under administrationArticle

Transport Minister Fikile Mbalula has dissolved the Passenger Rail Agency of South Africa (Prasa) interim board and placed the entity under administration with immediate effect...

10 Dec 2019

Bosasa - liquidation lessons learned
Bosasa - liquidation lessons learnedArticle

The sensational revelations that were made during the Zondo Commission of Enquiry into Allegations of State Capture, by, inter alia, the former COO of Bosasa, namely Angelo Agrizzi, shocked the entire country...

Kylene Weyers and Stephan Venter 9 Dec 2019

Wiehann Olivier
The difference between having your annual financial statements reviewed as opposed to auditedArticle

With the current state of the national and global economy, companies are trying to better manage their expenses...

Wiehann Olivier 9 Dec 2019

Kariem Hoosain, partner at Mazars
Under-regulated internal auditing sector plays part in corporate fraudArticle

Considering the high profile scandals that have dominated news headlines in the last few years, from VBS Mutual Bank to Eskom, it does not seem unreasonable to say that South Africa may have a corporate fraud problem...

28 Nov 2019

Hayley Barker Hoogwerf
Misconceptions about the roles and responsibilities of the auditorArticle

The public is seeking answers after the spate of corporate collapses and significant financial losses, and auditors have come under intensive scrutiny and criticism...

Hayley Barker Hoogwerf 7 Nov 2019

SMME owner building her business step by step
SMME owner building her business step by stepArticle

In 2018, owner Kholofelo Nengwenda entered a competition, and the prize for second place was securing a seat in the SAICA Enterprise Development programme, which she was thrilled with...

Issued by SAICA 4 Nov 2019

Shuttershock
Why highly qualified and experienced directors are more at risk of being declared delinquentsArticle

It only takes one look at recent newspaper headlines in South Africa to realise that applications to declare directors delinquent are appearing before the country's courts more and more frequently...

Rehana Cassim 1 Nov 2019

Good NPO governance - how committed board members are key
Good NPO governance - how committed board members are keyArticle

The board is ultimately responsible for the governance of an NPO and can contribute to its success or failure...

31 Oct 2019

An estimated R5bn in income to the Bakgatla community cannot be accounted for. Archive photo: Ashraf Hendricks
The chief, the mines and the lost Bakgatla billionsArticle

After two years of investigations of the flow of billions of rands into and out of the Bakgatla ba Kgafela community, the work of the Baloyi Commission of Inquiry may come to nothing...

Wilmien Wicomb 28 Oct 2019

Is this the end of NRV for closing stock?
Is this the end of NRV for closing stock?Article

The Supreme Court of Appeal (SCA) has for the second time in CSARS v Atlas Copco South Africa (Pty) Ltd, confirmed that the net realisable value (NRV) method is not a suitable method to value closing stock for income tax purposes...

Joon Chong 14 Oct 2019

The Enhanced Auditor's Report - Post implementation review in South Africa
The Enhanced Auditor's Report - Post implementation review in South AfricaArticle

With more than two years of post-implementation experience, this SAICA article provides an overview and analysis of the revised format of the auditor's reports of certain entities listed on the Johannesburg Stock Exchange JSE...

Thandokuhle Myoli, Issued by SAICA 11 Oct 2019

Social investors, don't forget about the welfare sector
Social investors, don't forget about the welfare sectorArticle

The welfare sector is facing an increasingly challenging time in terms of funding, which is unlikely to change in the current economic environment...

Sameera Munshi 10 Oct 2019

Ask these questions before buying into a development
Ask these questions before buying into a developmentArticle

Many first-time buyers will be considering homes in developments and they need to ask the developers some probing questions before making a commitment...

Issued by Private Property South Africa 19 Sep 2019

Resilient brands defy macroeconomic challenges in the 2019 BrandZ Top 30 Most Valuable SA Brands
Resilient brands defy macroeconomic challenges in the 2019 BrandZ Top 30 Most Valuable SA BrandsArticle

The combined value of the brands in the BrandZ Top 30 Most Valuable South African Brands ranking, released today by WPP and Kantar and now in its second year, is $37.14bn...

Issued by Kantar 5 Sep 2019

Settling with Sars - revisiting some practical perspectives
Settling with Sars - revisiting some practical perspectivesArticle

Can there be a settlement with Sars if an objection was raised out of time? What are the advantages of reaching a settlement? What are the costs of not resolving a dispute? Our article aims to provide enlightenment...

Joon Chong and Ruan Kotze 4 Sep 2019

The delinquency clause seeks to raise standards of good behaviour expected of directors. Shutterstock
Why South African law on directors' delinquency is open to abuseArticle

For the first time in South African company law, courts have the power to declare directors delinquent. This remedy was introduced as part of the overhaul of South Africa's corporate law regime in 2011...

Rehana Cassim 2 Sep 2019

Image source:
5 ways women farmers can succeed in agricultureArticle

Samkelisiwe Hadebe, who is heiress to a maize, soybeans and sugar bean farm in Daggakraal, Mpumalanga previously owned by her grandfather, shares her top five tips on how other budding woman farmers can succeed in the agriculture industry...

22 Aug 2019

Enter the Entrepreneurship Recognition Awards
Enter the Entrepreneurship Recognition AwardsArticle

The Department of Economic Development and Tourism is calling for entries for the 2019 Western Cape Entrepreneurship Recognition Awards...

21 Aug 2019

Image source: Getty/Gallo
Warranty and indemnity insurance in South Africa's M&A environmentArticle

Over the past few years, buyers have gained a better understanding the benefits of the warranty and indemnity (W&I) insurance product in a merger or acquisition (M&A) contract.his insurance product has matured with

Candice Gibson and Adriaan Louw 15 Aug 2019

Reflecting on the concept of "reflective losses"
Reflecting on the concept of "reflective losses"Article

The High Court was recently tasked with considering whether shareholders are empowered to hold directors liable for conduct which results in a decrease to the share price...

John Bell, Rui Lopes and Michael Collett 14 Aug 2019

'Value creation, not profit, is human nature' - Professor Mervyn King
'Value creation, not profit, is human nature' - Professor Mervyn KingArticle

Speaking at the 10th annual Serious Social Investing (SSI) Conference at the GIBS Business School in Illovo, Johannesburg recently, corporate governance and sustainability expert Professor Mervyn King noted that successful businesses have moved away from creating wealth for shareholders to focusing on long-term value creation...

8 Aug 2019

Financial analysis promotes sustainable growth in agriculture
Financial analysis promotes sustainable growth in agricultureArticle

According to Nico Groenewald, head of agribusiness at Standard Bank, certain criteria that measure the effectiveness and sustainability of your farm can help to either sustain or even impede your financial growth, depending on how you utilise it...

2 Aug 2019

#CEM19: Once you've lost consumers' trust, how do you re-establish it? KPMG responds
#CEM19: Once you've lost consumers' trust, how do you re-establish it? KPMG respondsArticle

Ignatius Sehoole, CEO of KPMG SA's honest keynote presentation at the 8th annual CEM Africa Summit was a highlight for many. He said, "We know where we are, we know how we got here, and we have started our journey of renewal. Our ongoing task is to re-establish trust of the SA business community and society." Here's how they're doing so...

Leigh Andrews 2 Aug 2019

Youth Entrepreneurship Expo: Hatchery to incubator
Youth Entrepreneurship Expo: Hatchery to incubatorArticle

False Bay TVET College is intentional about instilling a culture of entrepreneurship amongst the student population, getting them to think differently about entrepreneurship as a career of choice...

Abraham Oliver, Issued by False Bay College 30 Jul 2019

SMME funding - The practical answers
SMME funding - The practical answersArticle

Annie McWalter, CEO of SAICA Enterprise Development, comments on some of the ways in which SAICA has mobilised the chartered accountancy profession to addresses some tough issues hampering sustainable SMME development...

Lia Labuschagne, Issued by SAICA 30 Jul 2019

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