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

  • Fintech-focused startup accelerator seeks applicants for 2021 programme
    on September 17, 2020 at 11:19 am

    Initiative is led by the Association of International Certified Professional Accountants and CPA.comRead more... | Send to a friend

  • Financial statements to undergo a facelift
    on September 11, 2020 at 12:37 pm

    How many times have shareholders and other users of financial statements questioned the quality of financial information that companies provide in financial statements? The manner in which financial information is presented and disclosed could impact how the users of financial statements perceive the content and context provided in those financial statements. Financial statements are an important tool for communicating the financial performance, financial position and cash flows of a company. In addition, financial statements enable users to form an opinion, for example, on the liquidity and solvency of the company. They are also 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.Read more... | Send to a friend

  • Research reveals a radically different, Covid-influenced CFO role
    on September 4, 2020 at 5:29 am

    Pieter Bensch, executive vice-president, Africa & Middle East, Sage</span>As Covid-19 continues to challenge and disrupt the business landscape, chief financial officers (CFOs) are stepping up and playing a bigger role in digital transformation. In fact, many of them are driving the digital strategy within their businesses - and we have new insights into how they're achieving this.Read more... | Send to a friend

  • CIMA elects new female chairperson of the Ghana CIMA branch
    on September 3, 2020 at 11:33 am

    The Chartered Institute of Management Accountants (CIMA), has recently announced that Stella Oye has been elected as the first female chairperson of its Ghana branch.Read more... | Send to a friend

  • ACFE SA and CIMA to advance the future of business and finance through mutual recognition of designations
    on September 2, 2020 at 12:08 pm

    The Chartered Institute of Management Accountants (CIMA) and the Association of Certified Fraud Examiners, South Africa Chapter (ACFE SA) have announced the undertaking of a Memorandum of Understanding (MoU) whereby the respective designations of these bodies will be mutually recognised.Read more... | Send to a friend

  • 7 trends accountants are embracing
    on September 1, 2020 at 6:53 am

    [[www.123rf.com 123rf.com]]</span>Accountants are reinventing themselves. The Covid-19 pandemic has accelerated this process of renewal, convincing even the most traditional-style accountants that the time to adapt is now and it's more urgent than ever before.Read more... | Send to a friend

  • #WomensMonth: I strive to be an empowering leader, says Zimkita Mabindla
    on August 28, 2020 at 6:53 am

    Zimkitla Mabindla</span>Her curiosity about how money works as a young child is what inspired Zimkita Mabindla to become a chartered accountant. But what she really strives for is to be an empowering leader, both professionally and personally.Read more... | Send to a friend

  • From trainee to citizen - enter Saica's Trainee Trailblazer competition today
    on August 21, 2020 at 4:04 pm

    Are you a Saica trainee with a passion for citizenship or do you know a Saica trainee who is? Don't underestimate yourself, your achievements or your desire to change the world. If you're making a real difference in society, you have what it takes to be the first Saica Trainee Trailblazer.Read more... | Send to a friend

  • #WomensMonth: Bridging the gender parity gap in the South African internal auditing profession
    on August 21, 2020 at 9:39 am

    Cheryl Sambaza</span>The year 2020 has brought with it disruption and upheaval of proportions never before encountered by South African business, affecting both the public and the private sector alike. This "new normal" is necessitating a reassessment of old paradigms and a call for innovative and pioneering approaches. Value chains must be reimagined and rebuilt for sustainability in an increasingly volatile and unpredictable environment.Read more... | Send to a friend

  • Accounting for sustainability - BCom students get behind the UN SDGs
    on August 17, 2020 at 12:50 pm

    Entries for the 2020 Student Leadership Summit (SLS) Competition are open. BCom CA-stream students are being challenged to put together a Sustainable Development Goal (or SDG) focused business case that illustrates how they are empowering and improving the country through a community-based project that works towards solving one or more of the UN's SDGs.Read more... | Send to a friend

The Banking community of South Africa South Africa Banking news

  • Repo rate remains unchanged
    on September 18, 2020 at 9:05 am

    SA Reserve Bank</span>The South African Reserve Bank (Sarb) has kept the repurchase (repo) rate unchanged at 3.5% per annum. This is the first time the Sarb has not decreased the repo rate since the advent of Covid-19 in the country in March. In that month, the central bank's Monetary Policy Committee cut the repo rate by 100 basis. A second 100 basis points cut was announced in April. This was followed by two 25 basis point decrease in May and a further 25 basis point cut in July.Read more... | Send to a friend

  • How did SA's major banks fare in an unprecedented crisis?
    on September 11, 2020 at 9:30 am

    [[www.123rf.com 123rf.com]]</span>The impact of the Covid-19 pandemic and the resultant economic stresses and strained operating environment reflect in the major banks' results ending June 2020...Read more... | Send to a friend

  • Mobile payments will unlock new business for banks in Africa
    on September 8, 2020 at 9:43 am

    Tijsbert Creemers, managing director and partner, Boston Consulting Group</span>Mobile payments and other phone-based transactions represent a must-win opportunity for banks in Africa. The estimated market in facilitating payments alone is $500bn and, providing access to energy, healthcare, education and transportation, offers new business prospects.Read more... | Send to a friend

  • #PulpNonFiction: Beware of permanent solutions for temporary problems
    on September 7, 2020 at 9:00 am

    Bronwyn Williams highlights her key learnings in Lionel Shriver's The Mandibles: A Family, 2029-2047 and Edward Snowden's Permanent Record to emphasise that as we submit to further infringements on our privacy, freedom of speech, and freedom of movement in the effort to stop the spread of Covid-19, we must ensure that emergency measures designed to fight a temporary crisis do not become a permanent feature...Read more... | Send to a friend

  • Time for SA to put proactive and ambitious relief measures in place
    on September 3, 2020 at 12:15 pm

    South Africans are paying a high price for the prolonged lockdown and consequent devastation of the local economy with levels of emotional distress nearly as high as at the start of the lockdown five months ago.Read more... | Send to a friend

  • Will digital integration kill traditional banks?
    on August 31, 2020 at 4:28 am

    [[www.123rf.com 123rf.com]]</span>From online shopping to financial transactions to e-learning - just about all aspects of life are feeling the march of technology advances. Well-established brands that were built on their physical and market presence are forced to adjust to potential disruption.Read more... | Send to a friend

  • Banks' strategies lack integrated ESG criteria
    on August 25, 2020 at 10:17 am

    Bongiwe Mbunge, partner at Mazars South Africa’s advisory division</span>Banks around the world have not yet fully integrated environmental, social and governance criteria (ESG) into their strategies.Read more... | Send to a friend

  • Project funding through true Europlaw International escrow banking platform
    on August 25, 2020 at 10:14 am

    Europlaw Group, situated in the Republic of South Africa and the United Kingdom, now offer project funding through our newly established escrow banking platform with the assistance of our preferred bankers. You need funding but you know that in a world where project funding almost never seems to materialize, that is most of the times the client's problem.Read more... | Send to a friend

  • #WorldEntrepreneursDay: Pezesha, Kenya's digital financial enabler platform and marketplace
    on August 21, 2020 at 5:00 am

    Every year, 21 August marks World Entrepreneurs' Day. The purpose of this day is to create awareness of entrepreneurs and innovation throughout the world.Read more... | Send to a friend

  • Experian downplays data breach
    on August 20, 2020 at 6:40 am

    [[www.123rf.com 123rf.com]]</span>Experian South Africa has downplayed a data breach, in which it handed over the personal information of as many as 24-million South Africans and 793,749 business entities to a suspected fraudster, as an "isolated incident".Read more... | Send to a friend