| 1. THE IMPACT OF DEBT REVIEW ON ACCOUNTING PROFESSIONALS: PERSPECTIVES FROM SAIPA MEMBERS | By Alexandra Mhula-Links: Research Specialist
SAIPA: Technical & Standards Services Department
Small and medium enterprises (SMEs) have been affected the most by currently tough and challenging economic environment. Based on the latest Annual Financial Statistics Report from Statistics South Africa, the debt-to-equity ratio in the private sector has been falling since 2005 (Stats SA 2016). This means that companies are borrowing more to fund its operations compared to the investment made by shareholders and profits retained. In 2014, this ratio was as low as 1.9 for all industries in the private sector compared to 2.6 in 2005. | | Read More | 2. TRANSFORMING CHALLENGES INTO OPPORTUNITIES:
FEE PRESSURE | By Christopher Arnold, Head of SME/SMP and Research, IFAC and Mats Olsson, IFAC SMP Committee Deputy Chair and Partner, Adrian & Partners AB
The recent IFAC Global SMP Survey identified key challenges many small- and medium-sized practices (SMPs) face. This article is one in a series that breaks down the data from the survey and provides information, ideas, and tips to help SMPs address these challenges as well as best practice examples from IFAC SMP Committee members, together with the range of other tools and resources available. | | Read More | | 3. TRENDS AND DEVELOPMENTS OF SMPS IN SOUTH AFRICA: COMPARATIVE ANALYSIS TO SAIPA MEMBERS | By Alexandra Mhula-Links: Research Specialist
SAIPA: Technical & Standards Services Department
The International Federation of Accountants (IFAC) has been running an annual survey since 2011 to promote and raise the profile of SMPs around the globe and determine the trends and developments faced by SMPs in different countries. The focus of the survey in 2016 was to unpack SMPs challenges and determine how various environmental factors may affect them in the next five years. | | Read More | 4. SARIPA INSOLVENCY LAW UPDATE 3 OF 2017 DATED
20 SEPTEMBER | The views expressed in this update are those of the writer, Martinus (Tienie) Cronje.
HEADLINES
BUSINESS RESCUE
BP Southern Africa (Pty) Ltd v Intertrans Oil SA (Pty) Ltd and Others
Suspension of contracts and cession of debts as security. | | Read More | | 5. COMPENSATION FUND NOTIFICATION | | On Tuesday 17 October 2017, the CCMA Director, Mr. Cameron Morajane, will be briefing stakeholders on the CCMA 2016/17 Annual Performance. The CCMA achieved a 15% performance increase compared to the previous financial year’s 76%, despite the increase in the caseload. | | Read More | | It is also encouraging to note the 52% job saving, on the 48 448 jobs at stake, employees facing retrenchments as per cases referred to the CCMA nationally in terms of section 189A of the Labour Relations Act. | |
| SAIPA has identified stakeholders in the profession that would be of interest to Professional Accountants, and has created a spot in the monthly newsletter to share updates that would be of importance to you as follows: |  | ABP
Read More |  | ACFE
Read More |
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| SPECIAL NOTICES | | SAIPA is continuously working on improving our engagement with our members through the SAIPA briefcase which is our Client Relationship Management system (CRM). We encourage you to utilise this platform to log any queries you may have. You will be able to track the progress of your enquiry, and even escalate it if you have not received an answer within a satisfactory time period. | | Login your briefcase |
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