https://www.bizcommunity.com/196/511.html South Africa Accounting and Auditing news 15 Accounting & Auditing news - South Africa https://www.bizcommunity.com/res/img/logo.gif https://www.bizcommunity.com/196/511.html en-us Mon, 03 Aug 2026 09:04:39 +0200 https://www.bizcommunity.com/article/inside-the-precca-amendment-bill-part-2-the-ai-impact-189196a No discussion of corruption compliance in 2026 is complete without addressing artificial intelligence. 1-270148 Fri, 24 Jul 2026 08:03:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/inside-the-precca-amendment-bill-part-1-harsher-sentences-lower-thresholds-301358a South Africa has been fighting corruption with legislation that, frankly, lacked teeth. The Prevention and Combating of Corrupt Activities Act 12 of 2004 (Precca) has long been the cornerstone of the country's anti-corruption framework — criminalising bribery, fraud and a broad range of corrupt conduct in both the public and private sectors. 1-270133 Thu, 23 Jul 2026 10:40:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/cima-appoints-new-african-representatives-to-its-global-governing-body-and-regional-advisory-group-408549a The Chartered Institute of Management Accountants (CIMA), the world’s largest professional body for management accountants, has announced the appointment of Deophine Luswili, FCMA, CGMA, chief executive – LMD management, Zambia, to CIMA’s governing Council. Ten advisory representatives have also been appointed to its Africa Regional Engagement Group (REG). 1-269715 Wed, 08 Jul 2026 13:17:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/closing-the-books-in-days-not-weeks-why-finance-is-moving-beyond-the-month-end-scramble-731162a Only 18% of finance teams close their books within three business days, leaving most organisations making decisions on outdated information (Ledge's 2025 Month-End Close Benchmark Report). 1-269672 Tue, 07 Jul 2026 15:54:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/saica-strengthens-the-future-of-the-profession-through-the-saica-trainee-collective-064505a As South Africa commemorates Youth Month and reflects on the courage and determination of the young people who shaped the nation's future in 1976, the South African Institute of Chartered Accountants (Saica), is reaffirming its commitment to developing future-fit leaders through the launch of the Saica Trainee Collective and its 50 Years of Impact campaign. 1-269517 Wed, 01 Jul 2026 16:26:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/finances-future-needs-technology-but-it-will-be-defined-by-people-842323a For years, the future of finance and accounting has been framed mainly as a story about technology. Artificial intelligence, automation and data platforms are reshaping the profession. They are changing how work gets done and what employers and clients expect. But if that is the whole story, we are missing the point. The profession will not be defined by who adopts the most powerful tools; it will be defined by who leads with them. 1-269509 Wed, 01 Jul 2026 14:12:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/johannesburg-has-taken-a-big-new-loan-to-help-fix-its-electricity-problems-but-the-results-will-take-time-519280a Just over a third (38%) of the residents of South Africa’s commercial capital, Johannesburg, reported being satisfied with their electricity services in a survey conducted in 2023/2024. This was down from 77% in 2017/18. The decline reflected years of citizen concerns about the service. In 2026 the auditor general noted that the city had spent only 1% of its operating budget on maintenance in 2024/25, against a national treasury guideline of 8%. As part of a response to these concerns, in May 2026 the City of Johannesburg and the German state-owned development bank Kreditanstalt für Wiederaufbau (KfW) announced agreement on a R3.8 billion (over US$230 million) concessional loan to help fix the city’s electricity utility, City Power. 1-269396 Mon, 29 Jun 2026 08:40:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/south-african-business-leader-elected-as-new-president-of-the-chartered-institute-of-management-accountants-064715a Alfred Ramosedi, FCMA, CGMA, to drive an agenda of trust, innovation, and opportunity across global finance and accounting profession 1-269327 Thu, 25 Jun 2026 11:57:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/r48-billion-meant-for-social-grants-goes-unspent-286937a The Department of Social Development spent R4.8-billion less than expected on social grants in the 2025/26 financial year. 1-269320 Thu, 25 Jun 2026 10:53:00 +0200 Bizcommunity Accounting & Auditing South Africa https://www.bizcommunity.com/article/aicpa-and-cima-launch-rise2040-289017a The Association of International Certified Professional Accountants (AICPA and CIMA) today launched Rise2040: Shaping the Future of Finance and Accounting, a global, profession-led initiative designed not simply to anticipate the future of the profession but to actively shape it. 1-268970 Thu, 11 Jun 2026 12:56:00 +0200 Bizcommunity Accounting & Auditing South Africa