Mazars Messenger November 2020
South Africa’s increasing reliance on debt as a means to fill government coffers is unsustainable and may tip us over the edge into a looming debt trap. This is according to the tax team at Mazars in South Africa, who were responding to Finance Minister Tito Mboweni’s Medium-Term Budget Policy Statement delivered on 28 October.
Identity theft or identity fraud may seem like a far-fetched concept that is unlikely to affect you, but the reality is that it is a highly prevalent form of fraud in South Africa that occurs daily.
Recent headlines around cryptocurrencies have steered away from its mesmerising mystery and shed light on the inevitable risks surrounding an unregulated financial asset.
The perception that the integration of sustainability into corporate strategy and the operations of a business needs big budgets and large sustainability teams, remains largely debatable.
As shareholder and public scrutiny transcend to the point of being invasive, Boards are increasingly being paralysed by indecision and risk aversion.
Digitisation is here to stay, so organisations should consider treating it as a long-term investment. In the near future, it may be difficult to imagine a company not involved, in some way, in digitisation.
For eight young aspiring individuals, the 1st of September will always be remembered as the start of their exciting journey to become trained data scientists.
The ongoing COVID-19 pandemic has significantly reshaped the world we live in and how we account for certain transactions. One such affected transaction includes how lessees and lessors account for their leases under IFRS 16 Leases (‘IFRS 16’).
At a time of deep economic recession, small businesses must manage their accounting and tax functions efficiently and smoothly to avoid any unnecessary costs like SARS penalties.
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