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The Accounting & Auditing community of South Africa South Africa Accounting and Auditing news

  • Accountancy and loss adjusting
    on March 15, 2024 at 2:22 pm

    <p><img src="https://biz-file.com/c/2403/730873.jpg" width="208" height="117" alt="Accountancy and loss adjusting" align="left"><p>There is no longer space to think of the accountant in the traditional sense. The role, responsibility and professional competence of an accountant has grown significantly in the modern era with the profession branching into blockchain, AI and the likes, with limitless reach across the globe by means of ever improving technology. But one area where the accountant can flourish, and which does not often come to mind, is the accountant’s career options within the insurance industry. One such career is that of the loss adjuster.</p><br> <a href="https://www.bizcommunity.com/article/accountancy-and-loss-adjusting-016265a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246867">Send to a friend</a></p><div style="clear:left"></div>

  • Steinhoff: Reserve Bank manager signed off on billions in alleged unlawful cross-border transactions (Part One)
    on March 12, 2024 at 7:36 am

    <p><img src="https://biz-file.com/c/2403/730293-208x117.jpg?5" width="208" height="117" alt="Source: Reuters." align="left"><br><span >Source: Reuters.&lt;/span><p>Startling details contained in a dusty docket registered to the Hawks’ serious commercial crime unit shine a light on some alleged backroom schmoozing apparently aimed at paving the way for the questionable facilitation of billions of Steinhoff rands out of South Africa — with South African Reserve Bank (Sarb) approval.</p><br> <a href="https://www.bizcommunity.com/article/steinhoff-reserve-bank-manager-signed-off-on-billions-in-alleged-unlawful-cross-border-transactions-part-one-127236a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246738">Send to a friend</a></p><div style="clear:left"></div>

  • Non-payment of invoices has a huge implication for small business, says PSC
    on March 11, 2024 at 1:17 pm

    <p><img src="https://biz-file.com/c/2403/730226.jpg" width="208" height="117" alt="Non-payment of invoices has a huge implication for small business, says PSC" align="left"><p>The Public Service Commission (PSC) says the non-payment of suppliers’ invoices has huge implications for small businesses that rely on cash flow for survival.</p><br> <a href="https://www.bizcommunity.com/article/non-payment-of-invoices-has-a-huge-implication-for-small-business-says-psc-905004a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=841&ct=1&ci=246724">Send to a friend</a></p><div style="clear:left"></div>

  • Making the auditing profession attractive to Gen Z
    on March 8, 2024 at 12:43 pm

    <p><img src="https://biz-file.com/c/2403/730055.png" width="208" height="117" alt="Making the auditing profession attractive to Gen Z" align="left"><p>The auditing profession is evolving to attract Gen Z talent, showcasing diverse career paths, a strong focus on continuous learning, and a commitment to developing future-oriented skills. These strategies address the challenges of competing with emerging Stem careers and the outdated perception of auditing being dull and theoretical.</p><br> <a href="https://www.bizcommunity.com/article/making-the-auditing-profession-attractive-to-gen-z-450899a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246685">Send to a friend</a></p><div style="clear:left"></div>

  • South African auditing profession debating the adoption of a new International Standard
    on March 5, 2024 at 11:10 am

    <p><img src="https://biz-file.com/c/2403/729565.png" width="208" height="117" alt="South African auditing profession debating the adoption of a new International Standard" align="left"><p>The International Auditing and Assurance Standards Board (IAASB) published a new auditing standard, the International Standard on Auditing for Audits of Financial Statements of Less Complex Entities (the ISA for LCE), on 6 December 2023. This auditing standard may only be applied in territories where it has been adopted for use. The adoption of this auditing standard in South Africa is currently a highly debated topic within the South African auditing profession.</p><br> <a href="https://www.bizcommunity.com/article/south-african-auditing-profession-debating-the-adoption-of-a-new-international-standard-905484a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246574">Send to a friend</a></p><div style="clear:left"></div>

  • South Africa's battle against greylisting: a year on
    on March 4, 2024 at 9:53 am

    <p><img src="https://biz-file.com/c/2403/729316-208x117.jpg?9" width="208" height="117" alt="Source:" align="left"><br><span >Source: [[https://www.pexels.com/search/money%20laundering/ Pexels]]&lt;/span><p>It’s been a year since the global watchdog the Financial Action Task Force (FATF) put South Africa on a grey list for failing to meet international standards with regards to anti-money laundering, combating the financing of terrorism and proliferation financing.</p><br> <a href="https://www.bizcommunity.com/article/south-africas-battle-against-greylisting-450989a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246505">Send to a friend</a></p><div style="clear:left"></div>

  • CIMA and Fasset train hundreds of accountants on International Financial Reporting Standards
    on March 1, 2024 at 9:21 am

    <p><img src="https://biz-file.com/c/2403/729161.png" width="208" height="117" alt="CIMA and Fasset train hundreds of accountants on International Financial Reporting Standards" align="left"><p>Memorandum of Understanding with Fasset enables finance and accounting professionals to enhance their IFRS expertise and support the transition to more responsible business practices.</p><br> <a href="https://www.bizcommunity.com/article/cima-and-fasset-train-hundreds-of-accountants-on-international-financial-reporting-standards-127006a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246478">Send to a friend</a></p><div style="clear:left"></div>

  • Sustainability reporting and assurance practices of largest global companies continue to mature
    on February 29, 2024 at 12:29 pm

    <p><img src="https://biz-file.com/c/2402/729089.png" width="208" height="117" alt="Sustainability reporting and assurance practices of largest global companies continue to mature" align="left"><p>The largest global companies are providing more detail and breadth in their sustainability reporting, and are also obtaining a greater scope of assurance on those disclosures, according to an updated report from the International Federation of Accountants (IFAC) and AICPA & CIMA. The study, an annual benchmark that now includes 2022 data, also found the use of varying sustainability standards and frameworks continues to make it difficult for investors, lenders, and other stakeholders to find consistent and comparable sustainability information.</p><br> <a href="https://www.bizcommunity.com/article/sustainability-reporting-and-assurance-practices-of-largest-global-companies-continue-to-mature-450319a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246455">Send to a friend</a></p><div style="clear:left"></div>

  • The sustainability of sustainability
    on February 14, 2024 at 1:42 pm

    <p><img src="https://biz-file.com/c/2402/727451.png" width="208" height="117" alt="The sustainability of sustainability" align="left"><p>Over the last five years, the growth in sustainability as a topic, as a principle, and as a guideline has been quite exceptional. Sustainability is front of mind of most corporate strategy documents and is becoming a key performance indicator of note, and many digital publications these days have various images containing sustainability related visuals from rivers to trees, leaves, forests and nature; and that is all positive.</p><br> <a href="https://www.bizcommunity.com/article/the-sustainability-of-sustainability-238547a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=246030">Send to a friend</a></p><div style="clear:left"></div>

  • AICPA & CIMA and Topco Media deliver the premier sustainability conference in South Africa
    on February 13, 2024 at 12:10 pm

    <p><img src="https://biz-file.com/c/2402/727306.jpg" width="208" height="117" alt="AICPA & CIMA and Topco Media deliver the premier sustainability conference in South Africa" align="left"><p><i>The Future of Sustainability Conference 2024 aims to create a space for business leaders to engage on matters related to environmental, social, governance, and sustainability.</i></p><br> <a href="https://www.bizcommunity.com/article/aicpa-cima-and-topco-media-deliver-the-premier-sustainability-conference-in-south-africa-678491a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=511&ct=1&ci=245991">Send to a friend</a></p><div style="clear:left"></div>

The Banking community of South Africa South Africa Banking news

  • Nthabeleng Likotsi champions the first majority Black women-owned mutual bank
    on March 18, 2024 at 11:04 am

    <p><img src="https://biz-file.com/c/2403/731070-208x117.png?5" width="208" height="117" alt="Source: Nthabeleng Likotsi, the founder and managing director of YWBN Mutual Bank." align="left"><br><span >Source: Nthabeleng Likotsi, the founder and managing director of YWBN Mutual Bank.&lt;/span><p>The Prudential Authority has given notice that Young Women in Business Network (YWBN) Mutual Bank is now registered as a mutual bank in the country.</p><br> <a href="https://www.bizcommunity.com/article/nthabeleng-likotsi-champions-the-first-majority-black-women-owned-mutual-bank-672891a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246891">Send to a friend</a></p><div style="clear:left"></div>

  • South African president extends central bank governor's term, appoints new deputy governor
    on March 15, 2024 at 11:38 am

    <p><img src="https://biz-file.com/c/2403/730837-208x117.jpg?5" width="208" height="117" alt="Source: Reuters. Central bank governor, Lesetja Kganyago." align="left"><br><span >Source: Reuters. Central bank governor, Lesetja Kganyago.&lt;/span><p>South African President Cyril Ramaphosa has extended the term of central bank governor Lesetja Kganyago for another five years from November and appointed Mampho Modise as a new deputy governor of the bank, the presidency said on Friday, 15 March 2024.</p><br> <a href="https://www.bizcommunity.com/article/south-african-president-extends-central-bank-governors-term-appoints-new-deputy-governor-238487a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246860">Send to a friend</a></p><div style="clear:left"></div>

  • Location intelligence is the secret weapon of data-driven banking
    on March 13, 2024 at 1:56 pm

    <p><img src="https://biz-file.com/c/2403/730587.jpg" width="208" height="117" alt="Location intelligence is the secret weapon of data-driven banking" align="left"><p><i>Geographic information systems (GIS) are transforming banking by integrating location-based insights with CRM tools</i></p><br> <a href="https://www.bizcommunity.com/article/location-intelligence-is-the-secret-weapon-of-data-driven-banking-127246a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=518&ct=1&ci=246798">Send to a friend</a></p><div style="clear:left"></div>

  • Dlamini-Zuma sets stage for launch of new bank in South Africa
    on March 13, 2024 at 7:47 am

    <p><img src="https://biz-file.com/c/2403/730462-208x117.jpg?5" width="208" height="117" alt="Source: Twitter/@DlaminiZuma DWYPD's minister, Nkosazana Dlamini-Zuma, attending the South Africa-Ghana Business Forum at Gallagher Convention Centre Midrand." align="left"><br><span >Source: Twitter/@DlaminiZuma DWYPD's minister, Nkosazana Dlamini-Zuma, attending the South Africa-Ghana Business Forum at Gallagher Convention Centre Midrand.&lt;/span><p>South Africa is poised to introduce a new bank.</p><br> <a href="https://www.bizcommunity.com/article/zuma-sets-stage-for-launch-of-new-bank-in-south-africa-349428a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246773">Send to a friend</a></p><div style="clear:left"></div>

  • South Africa’s banks need to get better at cost controls
    on March 11, 2024 at 3:01 pm

    <p><img src="https://biz-file.com/c/2403/730269-208x117.jpg?5" width="208" height="117" alt="Source: Supplied. Kwaku Debra, expert at Partners in Performance." align="left"><br><span >Source: Supplied. Kwaku Debra, expert at Partners in Performance.&lt;/span><p>South Africa’s banks have some of the highest operating costs relative to income in the world – an issue that according to World Bank data has grown steadily worse over the past decade.</p><br> <a href="https://www.bizcommunity.com/article/south-africas-banks-need-to-get-better-at-cost-controls-783892a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246732">Send to a friend</a></p><div style="clear:left"></div>

  • 4 African banks including FNB and Capitec are world's strongest banking brands
    on March 6, 2024 at 12:44 pm

    <p><img src="https://biz-file.com/c/2403/729743-208x117.png?9" width="208" height="117" alt="FNB is one of the most valuable banking brands. Source: FNB." align="left"><br><span >FNB is one of the most valuable banking brands. Source: FNB.&lt;/span><p>Four African banks, Equity Bank (92.46), First National Bank (92.29), and Kenya Commercial Bank (91.47), have secured positions among the top five strongest banks, according to Brand Finance's most valuable brand list. Additionally, Capitec, with a score of 89.08, has claimed the seventh spot on the prestigious list.</p><br> <a href="https://www.bizcommunity.comhttps://www.bizcommunity.africa/article/4-african-banks-including-fnb-and-capitec-are-worlds-strongest-banking-brands-016405a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=82&ct=1&ci=246617">Send to a friend</a></p><div style="clear:left"></div>

  • Iconic British banker, Jacob Rothschild passes away
    on March 6, 2024 at 9:36 am

    <p><img src="https://biz-file.com/c/2403/729672-208x117.jpg?5" width="208" height="117" alt="Source: LinkedIn. Jacob Rothschild." align="left"><br><span >Source: LinkedIn. Jacob Rothschild.&lt;/span><p>Senior member of the renowned Rothschild banking dynasty, Jacob Rothschild has passed away at the age of 87.</p><br> <a href="https://www.bizcommunity.com/article/iconic-british-banker-jacob-rothschild-passes-away-016535a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246597">Send to a friend</a></p><div style="clear:left"></div>

  • Nedbank's annual profit rises on upbeat revenue
    on March 5, 2024 at 7:29 am

    <p><img src="https://biz-file.com/c/2403/729472-208x117.jpg?5" width="208" height="117" alt="Source: Payments Afrika" align="left"><br><span >Source: Payments Afrika&lt;/span><p>Nedbank Group, one of the top five lenders in the country, recorded an 11% rise in its annual profit on Tuesday, 5 March 2024, supported by strong revenue and associate income growth.</p><br> <a href="https://www.bizcommunity.com/article/nedbanks-annual-profit-rises-on-upbeat-revenue-894363a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246549">Send to a friend</a></p><div style="clear:left"></div>

  • NDB secures $2bn syndicated loan, oversubscribed by $590m
    on February 29, 2024 at 3:35 pm

    <p><img src="https://biz-file.com/c/2402/729120-208x117.jpg?5" width="208" height="117" alt="Source: New Development Bank." align="left"><br><span >Source: New Development Bank.&lt;/span><p>The New Development Bank (NDB) has effectively finalised the signing of its inaugural syndicated term loan facility totaling $2bn, comprising a base amount of $1.25bn with an additional greenshoe option of $0.75bn.</p><br> <a href="https://www.bizcommunity.com/article/ndb-secures-2bn-syndicated-loan-oversubscribed-by-590m-349298a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=513&ct=1&ci=246463">Send to a friend</a></p><div style="clear:left"></div>

  • Sars takes legal action against Sasfin Bank
    on February 29, 2024 at 5:03 am

    <p><img src="https://biz-file.com/c/2402/728960-208x117.jpg?2" width="208" height="117" alt="Image source: Rabia Elif Aksoy –" align="left"><br><span >Image source: Rabia Elif Aksoy – [[www.123rf.com 123RF.com]]&lt;/span><p>The Commissioner for the South African Revenue Service (Sars), Edward Kieswetter, has confirmed that the revenue service has instituted legal proceedings against Sasfin Bank.</p><br> <a href="https://www.bizcommunity.com/article/sars-takes-legal-action-against-sasfin-bank-783682a">Read more...</a> | <a href="https://www.bizcommunity.com/SendToFriend.aspx?l=196&c=710&ct=1&ci=246422">Send to a friend</a></p><div style="clear:left"></div>