April 14, 2022

The long-term implications of skilled labour emigration for South Africa

South Africa has experienced rising numbers of skilled workers emigrating, losing more skilled workers than it receives. Unlike skilled immigrants, emigrants tend to be highly skilled, South African-trained, driven by non-monetary factors, and less likely to return. Skilled emigration threatens to undermine efforts to close the country’s chronic skills gap and have far-reaching implications for …

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Government says accountants are critical for economic growth

Accountants are emigrating and taking economic growth with them. Meanwhile, South Africa’s visa system makes it hard for skilled immigrants to replace them. The good news for accountants is that what your parents told you continues to be true. Recruitment firm, Michael Page, lists tax orientated roles and accountants as “positions in demand” in a …

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5 new hiring rules planned for businesses in South Africa

Employment and Labour minister Thulas Nxesi published the draft National Labour Migration Policy and Employment Services Amendment Bill in February for public comment, with the new bill intended to regulate the employment of foreign nationals in South Africa, says legal firm Werksmans Attorneys. As part of a raft of new changes, the bill proposes to …

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DHET Minister releases technical report on critical skills

The Critical Skills List technical report provides details of all the processes undertaken in the development of the Critical Skills List and the actual list gazetted by Home Affairs Minister Dr Aaron Motsoaledi last month. Read the full article here.

Everything SME owners need to know about VAT

By Chwayita Deliwe, Director at CN Outsourced Finance Any small business owner will know that fully understanding Value Added Tax (VAT), can be a daunting, yet critical task if they want to take their business successfully to the next level.   In this article, we take you through the basics of VAT; how it applies to your business, …

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Run Your Business with Ease: 3 Steps to Cope with Financial Anxiety

Barry Au, director and audit specialist Wisteria Accountants Up to one in 20 people suffer from generalised anxiety disorder. Amidst economic uncertainty and inflation, more and more business owners are suffering from financial anxiety. The pressures to stay afloat and drive businesses forward is high, and that’s causing financial-related stress. To celebrate Stress Awareness Month …

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Never Let a Good Skills Crisis Go to Waste 

Your skills are in demand, your income should reflect this. It’s a tragedy that South Africa suffers from a scarcity of skilled professionals, including accountants who can’t be trained fast enough and increasingly choose to emigrate. A country can’t grow without its base of accountants growing.  This scarcity also means there is opportunity for those …

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Job hunting? This is what recruiters are looking for

We spoke to Angie Le Roux from Kontak Recruitment, about what she looks for when trying to fill positions.  Learn to Love LinkedIn  “Having a good LinkedIn profile definitely helps,” says Le Roux. “I do a lot of my sourcing on LinkedIn.” She isn’t alone. A study published in the South African Journal of Human Resource …

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Accounting weekly

Day: April 14, 2022