Latest newsThe South African Institute of Chartered Accountants (Saica) congratulates Blaise Colyvas CA(SA) for his reappointment to serve for a second three-year term starting on 1 July 2025 as member of the SME Implementation Group (SMEIG). 23 Jun 2025 Read more In this episode of the Saica Biz Impact Podcast, Mathebe Ngwenya, chartered accountant and founder of Beauty On TApp, shares her remarkable journey from the corporate world to building a thriving beauty business. Her story is one of calculated risk-taking, resilience, and an unwavering passion for empowering local beauty brands. 23 May 2025 Read more The Saica Biz Impact podcast, now in its second season, recently broadened its reach by partnering with the Proudly SA Buy Local Summit and Expo for a groundbreaking outdoor live broadcast held on 17 March 2025. This marked a significant milestone in its journey toward becoming a trusted news source for entrepreneurs and small-business owners. 16 Apr 2025 Read more Section 10(1)(gC) of the Income Tax Act currently exempts, among other things, foreign sourced lump sums, pensions and annuities that are received by or accrue to a resident for past employment outside South Africa, except amounts from South African retirement funds or resident long-term insurers. This exemption was introduced into the Act when South Africa moved to a worldwide basis of taxation for residents in 2001. 24 Mar 2025 Read more The Budget 2025 version 2.0 has come and gone, and today we contemplate what all this means and why we should care about what the Minister said. Pieter Faber, Executive Taxation at the South African Institute of Chartered Accountants, unpacks how all of this will impact South African citizens. 17 Mar 2025 Read more The 2025 budgets tabled in parliament on 19 February 2025, which were not approved, proposed a 2% base point increase in the VAT rate – with the proposal that the VAT rate increase from 15% to 17%. 11 Mar 2025 Read more Business confidence in its most basic form is the optimism or pessimism of business in future economic conditions. This, in most instances, drives their willingness to invest, hire people and expand operations. According to a report by United Nations Trade and Development (UNCTAD), several factors beyond economic determinants are increasingly shaping investment decisions. These include trends in global value chains, technological advancements, geopolitical dynamics, and environmental concerns. 11 Mar 2025 Read more Those in the know say building a house can cost anything from R10,000 to R20,000 per square metre, with factors such as location, quality of the material used and design complexity capable of significantly raising costs (with high-end houses costing upwards of R25,000 per square metre). A hefty price to pay, but one well worth it when sitting in the confines of your beautiful investment. Despite the actual cost of your house, what’s clear to many is the importance of building a house within your price range, one that your income is capable of maintaining as the years roll on. 13 Feb 2025 Read more While South Africans turn their focus to the upcoming budget speech in February 2025, many are wondering how the expected increased government expenditure can be financed. Of course, an increase in revenue collections would help, but the finance minister’s ability to manoeuvre this topic without negatively impacting the economy is very limited. 12 Feb 2025 Read more Through the Medical Schemes Act, the Council for Medical Schemes (CMS) is granted the authority to approve auditors within the medical schemes sector. With the aim of transforming the industry and enhancing audit quality, the CMS is actively working on empowering the boards of medical schemes by requiring their audit committees to recommend and interview potential auditors through a series of Audit Quality Indicators (AQIs). This initiative is part of a broader effort to improve oversight and ensure that audits meet high standards of accountability and integrity as well as transforming the industry. 11 Dec 2024 Read more In our constantly evolving digital ecosystems, the notion of 100% cybersecurity is a myth. Instead, the focus needs to be on resilience in the face of cyber threats. As cyber risks continuously change, so too must our risk management processes, encompassing cyber-technical roles, people-related controls, and resilience measures, writes BDO South Africa’s Kevin Moodley (head of financial services technology) and Cézanne Krieg (associate director of financial services). 10 Dec 2024 Read more The South African Institute of Chartered Accountants (Saica) would like to announce a terminology shift in its academic and professional programmes, transitioning from the term 'accredited' to 'endorsed' to describe programmes that meet the requirements for Saica’s CA(SA) and AGA(SA) qualifications. 10 Dec 2024 Read more The State is meant to operate in an efficient, economical and effective manner. As such, legislative obligations and its systems and operations should enable that. In the intricate interplay between regulation and the constitutional right to economic freedom, governments often find themselves walking a tightrope. While regulations are essential to ensure fair practices, protect consumers, and safeguard the environment, overregulation can lead to unintended consequences that impact the various ecosystems the State seek to regulate. One of the less discussed but equally critical impacts of overregulation is its detrimental effect on government employees and processes. Excessive government controls over businesses can harm those within the government itself, leading to inefficiencies, stress, and a decline in overall effectiveness. 6 Dec 2024 Read more “Mr. Zuckerberg, would you be comfortable sharing with us the name of the hotel you stayed in last night?” This was a question asked to the chief executive officer of Facebook during senate hearings in 2018. The hearings were in relation to privacy breaches at Facebook that led to personal information being used for unintended purposes. Issues of privacy and protection of personal information have been at the forefront of many legal and political debates in the last couple of years. 28 Oct 2024 Read more As corporate South Africa and the rest of the world celebrates Global Ethics Day today (Wednesday, 16 October), the South African Institute of Chartered Accountants (Saica) has warned that workplace misconduct is worse than ever, with almost nine out of 10 employees saying they don’t feel like they work in an ethical workplace culture. 16 Oct 2024 Read more Having recognised the exceptional talent abroad, the South African Institute of Chartered Accountants (Saica) has stepped up to honour those making remarkable contributions beyond our borders, extending recognition to talents across various fields – not just accounting. 1 Oct 2024 Read more Building on the foundations of last year’s inaugural summit, the South African Institute of Chartered Accountants (Saica) hosted its second Public Sector Summit on Friday, 23 August 2024 to deliberate on matters relating to transparency, accountability, sustainability and collaboration in the sector. 6 Sep 2024 Read more Renewable electricity contracts, or power purchase agreements, are in high demand as companies and governments seek sustainable solutions, leading to growth in solar and wind energy purchases to meet net-zero carbon emission targets and reduce environmental impact. 29 Aug 2024 Read more The International Accounting Standards Board (IASB) has issued amendments to the International Financial Reporting Standards (IFRS Accounting Standards) as part of its annual improvement process. 23 Aug 2024 Read more The South African Institute of Chartered Accountants (SAICA) is urging government institutions to prioritise the creation of a more positive and supportive working environment for qualified professionals. As government continues efforts to professionalise the public sector, attracting and retaining professionals will be amongst the key tests of success. 30 Jul 2024 Read more
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