The Auditor-General of South Africa (AGSA) released his shocking municipal audit findings recently. The most important finding was a staggering R28.4 billion in irregular and unnecessary spending, translating to 75%. The last report (2015/16) showed a R16 billion in irregular and unnecessary spending, translating to 50%. The upward trend speaks of poor financial management and good governance.
The speed of change is incredibly fast, with telecoms, healthcare and IT companies setting the trend on the outer edge. In fact, in almost every industry, groundbreaking leaps into the future are being reported on a daily basis. However, one industry remains painfully silent – the accounting profession. Why?
Put away your passport. That tropical holiday filled with cocktails on the beach might just have to wait. If the first two months of 2017 are anything to go by, there are tough times ahead for both the South African consumer and business. And the small luxuries are usually the first to go when times are tough, wouldn’t you agree?
We wanted to know if load shedding was still the biggest perceived threat for South African businesses and conducted a survey on the Middel & Partners website asking visitors which factors they felt would hamper business growth in the final quarter of 2016. So what’s the biggest threat businesses believe they face in 2016?
In today’s fast-paced world, where business processes are accelerating exponentially, it is a breath of fresh air to encounter the innovative spirit and an understanding of the importance of creativity and the arts at the root of an exceptional enterprise such as Middel & Partners. Yuven Gounden spoke to Coenie Middel.
Local accountant firm Middel & Partners has been named as one of the most inspiring accountancy practices in the world and has been selected for inclusion in the new book ‘The World’s Most Inspiring Accountants’ which is published in April 2016.
The speed of change is continuously increasing. When societies are in a state of economic, political and social flux, how does this affect your business? Companies need fresh thinking. The ones that get it right will reap the benefits now and far beyond the current horizon of economic slowdown.
We’ve all seen those e-mails. A long lost relative living in an obscure town in the middle of nowhere has passed away and bequeathed you millions. Or those SMS’s claiming you’ve won R750 000 and all you need to do is to call Mr Ben. Some scams are easy to spot. The latest South African Revenue Service (SARS) scam might not be.
Accountants Middel & Partners have been named as one of the most inspiring accountancy practices in the world. They were awarded the accolade as a result of being selected for inclusion in the new book “The world’s most inspiring accountants” which will be published on 27 April.
Let’s face it. Thus far, South African news headlines have not been telling stories of growth and prosperity in 2016. And if you’re a business owner, you’ll be forgiven for breaking into a cold sweat every time you read about our impending junk status, another fuel hike or the rand taking another dive against foreign currencies. So, at a time when South African business feels like it’s taking hit after hit, we approach yet another hurdle – the new B-BBEE Codes.
There is much debate about how to grow and empower the South African economy. Unemployment, insufficient jobs and lack of skills are often cited as the stumbling blocks to making progress. It would seem that education is the obvious solution. However, currently education is not reaching enough people in an effective way to really create the growth impact that the South African economy needs. Education takes time and requires vast resources.
Provisional taxpayers are required to submit their 2015 income tax returns on eFiling by 29 January 2016
Note that from 1 April 2016 (no April fool joke) SARS will no longer accept payments at SARS’ branches, except for Customs payments. Taxpayers will have to pay –