Cryptocurrency is still going strong after 14 years. Though the industry has faced major setbacks like China’s crypto mining ban and sell-offs in January, Yahoo Finance reports that its market cap is still well above $1.3 trillion. In part, this is thanks to its large user base of over 3 million people. Crypto transactions are usually done …
They say you should never let a good crisis go to waste. André Marais seems to have taken the adage to heart. During Covid, when most saw despair, he saw an opportunity. He launched Numberwize, an accounting firm serving clients in Gqeberha and the Garden Route. A pandemic is a great time to start a business …
Starting a Tax Practice in a Pandemic: 4 Lessons from André Marais Read More »
The Auditor-General’s office says the financial position of 28% of South Africa’s municipalities is so dire that there is “significant doubt” on whether they will be able to continue operating as going concerns in the near future. Read the full article here.
Tax practitioners know they need to use accounting software, but what is the right level for you? We asked Ettean Smit, the director at SmartPractice, for some advice. Your tech needs depend on the number of clients you have “It’s a bit of a chicken and egg situation,” says Smit. “Then again, it’s getting so …
We asked an expert to break down what artificial intelligence means and to talk us through the challenges it creates for CFOs. What do we mean when we speak about artificial intelligence? To understand what AI is, we must understand how technology has developed. Five years ago, a finance department at a large firm typically …
What Artificial Intelligence Means and How CFOs Think About It Read More »
Nicolaas van Wyk It’s a pity that in 1920 when archaeologists discovered 5 000 year old tablets along the Euphrates River in modern day Iraq, they didn’t speak to their accountant. The tablets and the strange symbols engraved on them would bemuse scientists for the next 50 years until an archaeologist eventually determined that they …
Accountants Have Benefited From Automation Since 3 000 BC. Why Should it Stop Now? Read More »
By Pieter Bensch, Executive Vice-President, Africa, Middle East, Asia and Australia at Sage Over the last two years, accounting professionals have helped businesses steer through the COVID outbreak, the unrest in July 2021, and recent KZN floods, supporting SMB resilience in difficult times. Now, they are challenged to help companies navigate rising inflation and interest rates. …
Accounting practices can thrive in disruption by championing the needs of SMBs Read More »
By Ryan Smith & Lara Kahn, Partners at Webber Wentzel If boards of directors put financially distressed companies into business rescue earlier, more options would be available, and more companies could be saved Although fewer companies are commencing business rescue proceedings, the number of liquidations remains extremely high. With these numbers in mind, we believe …
Is it time for businesses to take Business Rescue seriously? Read More »
A ground-breaking study into the accountancy profession in Africa reveals 55% of accountants are optimistic about Africa’s economic prospects, but skill shortages, especially in the areas of technology and strategy are a major concern for respondents. PAFA (the Pan African Federation of Accountants), ACCA (the Association of Chartered Certified Accountants), and PwC joined forces to …
African accountancy profession is broadly optimistic about the economic future Read More »
This week Accounting Weekly looked at risk, resilience, and turning adverse situations into successful situations. These are three takeaways we got from writing the articles. Be an early adopter Since the first coder got his house-sized computer to display ‘Hello World’, digital technology has generated a fear narrative. Something along the lines of ‘They’re coming for …
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