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The proposed Tax Administration Laws Amendment Bill and its enforcement is the focus in this edition of the Business Day Spotlight. Our host Mudiwa Gavaza is joined by Ettienne Retief, chairman of the SA Institute of Professional Accountants (SAIPA)'s national tax and SARS committee. Topics of discussion include: proposals in the new bill; history of SA's grey listing; and ways in which government could work to enforce the laws; Business Day Spotlight is a TimesLIVE Production
WHAT THE FINANCE WEDNESDAY Ettiene Retief Chairman of the National Tax and SARS Committee at the South African Institute of Professional Accountants (SAIPA)
The number of students interested in accounting and auditing has been falling worldwide. A member of the Public Company Accounting Oversight Board, Christina Ho, recently called the shortage a “crisis”. This has also been the case in South Africa where the profession is facing the same challenge. The CEO of the South African Institute of Professional Accountants (SAIPA), Shahied Daniels, told BizNews that a reason for the decline is digital transformation and the lack of skills thereof. He reveals the professional accountancy organisation (PAO) is upskilling its members with digital tools to ride the Fourth Industrial Revolution wave, sustainably and ethically. According to him, the days of bean counters as well as the title chief financial officer, are over, as they have evolved to much more. The era of the chief value officer and Professional Accountant (SA)– who plays a much bigger role in business and society, and contributes to the sustainability of the economy of the country – has arrived. – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
The COVID-19 pandemic and subsequent lockdown has taken its toll on everyone, but small businesses have really borne the brunt of the 7% decline in GDP we saw last week. Finfind, in partnership with the Department of Small Business Development, SEDA, Services SETA, Business Leadership South Africa, the Banking Association South Africa, and a host of other partners conducted a study on the impact of lockdown on small business. And it offers insights on ways to better support smes through the recovery phase. Michael Avery spoke to Darlene Menzies, Founder and Chief Innovation Officer at Finfind;Tumi Sefolo, Executive Direct Lending Small Enterprise Finance Agency (SEFA); Muzi Mhlambi, Senior Manager The Banking Association South Africa (BASA); Kantha Naicker, Chairman The South African Institute of Professional Accountants (SAIPA).
Darlene Menzies, Founder and Chief Innovation Officer at Finfind Tumi Sefolo, Executive Direct Lending Small Enterpise Finance Agency (SEFA) Muzi Mhlambi, Senior Manager The Banking Association South Africa (BASA) & Kantha Naicker, Chairman The South African Institute of Professional Accountants (SAIPA)
The finance ministry is one of the most critical ministries in any economy because that is where the state purse resides. 2019/20 is going to be a tough year globally according to the IMF in terms of Economic Growth. Faith Ngwenya of the South African Institute of Professional Accountants (SAIPA) joins me to discuss what she envisages might be up for consideration, as well as the Annual Budget Breakfast that is hosting by by SAIPA. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/the-south-african-institute-of-professional-accountants/support
When Finance Minister Malusi Gigaba delivers his inaugural Medium-Term Budget Policy Statement (MTBPS) on Wednesday this week (25 October), what were your expectations? We speak to Ettiene Retief on the South African Institute of Professional Accountants (SAIPA) on what he thinks we should expect. This is arguably one of the toughest times for the state purse in South Africa. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/the-south-african-institute-of-professional-accountants/support
There has been a lot of testimonies after the successful completion of the South African Institute of Professional Accountants’ (SAIPA’s) National Accounting Olympiad (NAO) in 2017 and also a growing interest in the program, the institute has again invited entries from Grade 11 and Grade 12 learners that are currently taking Accounting as a school subject, and who wish to follow a B.COM degree as further study. The entries officially closed on 25 April 2018, Kerry joins Nqobani to discuss some of the success stories so far and also shed more light on the important dates for 2018. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/the-south-african-institute-of-professional-accountants/support
The disturbing trend where tax practitioners themselves fail to be tax compliant has been brought to the notice of The South African Revenue Services Faith Ngwenya joins is the technical executive at the South African Institute of Professional Accountants (Saipa), she joins Nqobani Mzizi on business today in Africa to shed more lights; she said while there were suggestions that non-compliance was quite widespread, RCBs were not currently in a position to verify this. Sars previously provided information to RCBs about the number of non-compliant members, but this hasn’t been done in recent years. Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), said non-compliance could take on different forms. Some practitioners might have failed to pay a legitimate tax debt to Sars, while “the occasional guy” might have a criminal record. Other issues included failure to keep up with educational compliance requirements, disciplinary action for unethical behavior such as w --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The disturbing trend where tax practitioners themselves fail to be tax compliant has been brought to the notice of The South African Revenue Services Faith Ngwenya joins is the technical executive at the South African Institute of Professional Accountants (Saipa), she joins Nqobani Mzizi on business today in Africa to shed more lights; she said while there were suggestions that non-compliance was quite widespread, RCBs were not currently in a position to verify this. Sars previously provided information to RCBs about the number of non-compliant members, but this hasn't been done in recent years. Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), said non-compliance could take on different forms. Some practitioners might have failed to pay a legitimate tax debt to Sars, while “the occasional guy” might have a criminal record. Other issues included failure to keep up with educational compliance requirements, disciplinary action for unethical behavior such as w Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support
Ms. Faith Ngwenya of the South African Institute of Professional Accountants (SAIPA) engages us on the Debt Write-Off Bill that is presently before parliament. She unpacks its contents and what is under discussion. SA Plans To Offer Debt Pardon To Individual With The New Debt Write-Off Bill In The Parliament. The South African Institute of Professional Accountants was one of many entities that made submissions on the draft National Credit Amendment Bill. The debt-intervention powers that are being proposed set out a process that credit providers and credit bureaus must follow when they are lending money and the institute’s submission highlighted certain aspects of the proposal that require further consideration and discussion. Some in the profession are wondering if the intervention is needed at all. Treasury is supporting the proposal that the unsecured debt of particular over-indebted individuals is extinguished completely as a once-off intervention. The group of people who would --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Ms. Faith Ngwenya of the South African Institute of Professional Accountants (SAIPA) engages us on the Debt Write-Off Bill that is presently before parliament. She unpacks its contents and what is under discussion. SA Plans To Offer Debt Pardon To Individual With The New Debt Write-Off Bill In The Parliament. The South African Institute of Professional Accountants was one of many entities that made submissions on the draft National Credit Amendment Bill. The debt-intervention powers that are being proposed set out a process that credit providers and credit bureaus must follow when they are lending money and the institute's submission highlighted certain aspects of the proposal that require further consideration and discussion. Some in the profession are wondering if the intervention is needed at all. Treasury is supporting the proposal that the unsecured debt of particular over-indebted individuals is extinguished completely as a once-off intervention. The group of people who would Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support
Entries for the popular 2018 National Accounting Olympiad (NAO), run by the South African Institute of Professional Accountants (SAIPA), are now open. The aim of the SAIPA NAO is to make Accounting as a subject a preferred choice to all students, and to promote the option of professional accountancy as a sound choice for further study, and the pathway towards a financially and personally rewarding entry into employment. We are looking for teachers across South Africa to enter their Grade 11 and Grade 12 accounting learners currently taking Accounting as a school subject, and who wish to follow a BCom degree as further study, to enter for the competition. The Grade 11 paper was introduced for the first time in 2017 and we encourage schools to take advantage of this exciting update. There is no limit on the number of entries per school and a registration fee of R50 per learner applies. The entry fee will be waived for non-fee schools. Click here to download the entry form. Entries clo Become a supporter of this podcast: https://anchor.fm/africa-podcast-network/support
Entries for the popular 2018 National Accounting Olympiad (NAO), run by the South African Institute of Professional Accountants (SAIPA), are now open. The aim of the SAIPA NAO is to make Accounting as a subject a preferred choice to all students, and to promote the option of professional accountancy as a sound choice for further study, and the pathway towards a financially and personally rewarding entry into employment. We are looking for teachers across South Africa to enter their Grade 11 and Grade 12 accounting learners currently taking Accounting as a school subject, and who wish to follow a BCom degree as further study, to enter for the competition. The Grade 11 paper was introduced for the first time in 2017 and we encourage schools to take advantage of this exciting update. There is no limit on the number of entries per school and a registration fee of R50 per learner applies. The entry fee will be waived for non-fee schools. Click here to download the entry form. Entries clo --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
#MTBS2017 When Finance Minister Malusi Gigaba delivers his inaugural Medium-Term Budget Policy Statement (MTBPS) on Wednesday this week (25 October), what do you expect his key message will be? We speak to Ettiene Retief on the South African Institute of Professional Accountants (SAIPA) on what he thinks we should expect. This is argue one of the toughest times for the state purse in South Africa. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
At its recent Annual General Meeting (AGM), the South African Institute of Professional Accountants (SAIPA) elected Shafiek Dollie as chairman, while Kantha Naicker was named vice-chairman. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The Next Level! The South African Institute of Professional Accountants (SAIPA) is launching the next level of their marketing campaign as they experience continuous growth. Executive of Marketing and Communications at SAIPA, Mr Zobuzwe Ngobese joins me to explain what we should expect on the next phase of growth. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
Today (22.05.2017) is "International Accounting Day". Who better to talk to than the CE of the South African Institute of Professional Accountants (SAIPA), Mr Bongani Coka. We discuss the history of the profession and what the futures holds for accountants, amongst other matters. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The South African Institute of Professional Accountants (SAIPA) has been accredited by the The Companies and Intellectual Property Commission (CIPC) to regulate its members that are eligible to be business rescue practitioners in line with the Companies Act. Executive for Technical and Standards at SAIPA, Ms Faith Ngwenya, joins me to elaborate on this feat and what it means for SAIPA. And also what it means for those businesses seeking rescue. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The South African Institute of Professional Accountants (SAIPA) is extending an invite to all Grade 11's and 12's across South Africa to apply in order to take part in the National Accounting Olympiad 2017 edition. SAIPA Executive of Marketing and Communications, Mr Zobuzwe Ngobese joins us to share more details about this exciting initiative. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The South African Institute of Professional Accountants (SAIPA) has been providing services to their members for the past 35 years and this year they are planning to celebrate this significant milestone in their time of existence in a big way. The CE looks back at the journey traveled, lets us in the plans of celebration also talks about the national conference that will take place in Oct 2017 in Cape Town, South Africa. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
The South African Institute of Professional Accountants (SAIPA) has partnered with the University of the Westren Cape to lauch a Post-Graduate qualification in Public Sector Financial Management. This is certain to attract interest from many prospective students and those already in the public service. Prof. Rashied Smalls of SAIPA takes time out to explain what this course entails and what is the reason behind it. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app
In our feature with the South Africa Institute of Professional Accountants (SAIPA), we discuss the topic of Value Added Tax (VAT). An indirect tax that is unavoidable, there is more to its application. So to understand a bit more about it, we engage with Mr Sibusiso Thungo, the Tax Manager at the Institution to unpack this monster for us. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app