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The South African Institute of Chartered Accountants (SAICA), South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The institute provides a wide range of support services to more than
50 000 members and associates who are chartered accountants (CAs(SA)), as well as associate general accountants (AGAs(SA)) and accounting technicians (ATs(SA)).
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Latest from SAICA
Budget 2024: Plugging the R15 billion tax hole
Johannesburg, 16 February 2024 – In the 2023 Medium Term Budget Policy Statement, the Minister of Finance already identified that tax collections would not be as robust as he had projected in February 2023. A downward adjustment of R53 billion was then made to the 2024/2025 expected revenue collections, though tax revenues were expected to increase to R2,1 trillion over the 2023-2026 medium term. In addition, the Minister noted that he would also have to raise additional revenue to partially plug this hole, and a need for a further R15 billion in taxes was projected for the 2024/2025 fiscal year.
Budget speech must not forget to touch on progress made to exit greylist
Johannesburg, 16 February 2024 - With the upcoming Budget Speech on 21 February 2024, National Treasury must not forget to talk about the progress made to exit the greylist. Walter Bhengu, Project Director for Legislation and Governance at the South African Institute of Chartered Accountants (SAICA), takes a deep dive into what has been done so far to ensure that South Africa can exit the greylist by January 2025.
Load shedding: A lifetime of crisis
Johannesburg, 16 February 2024 – Seventeen years is a long time to be in a state of crisis. With load shedding starting in 2007 and no end in sight, the question is where to from here? Lisa Kahanovitz, Project Director: Tax Advocacy at the South African Institute of Chartered Accountants, takes a closer look.