4 Jun 2024 | Press release

The curious case of costing the NHI

Johannesburg, Tuesday, 4 June 2024 - While the President has signed the National Health Insurance (NHI) into law, the bean counters at National Treasury have yet to start looking for their excel sheets needed to ensure the NHI is fully costed. SAICA’s Executive for Taxation, Pieter Faber, provides clarity on why funding the NHI has been so elusive.

22 May 2024
Press release

SAICA congratulates new board members of the Accounting Standards Board

The Accounting Standards Board (ASB) recently announced its new board members, tasked with serving the public interest by setting Standards of Generally Recognised Accounting Practice (GRAP) that promote accountability, transparency, and effective financial management within all spheres of government.

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10 May 2024
Press release

SAICA hosts corporate reporting webcast to propel SMEs for future growth

The South African Institute of Chartered Accountants (SAICA) hosted a corporate reporting webcast for Small and Medium-sized Enterprises (SMEs) on Monday, 22 April 2024, focusing on the 2024 economic outlook, financial reporting, assurance, Companies Amendment Bill, and sustainability.

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22 Apr 2024
Press release

SAICA and Standard Bank partner to make a difference in the lives of youth

Johannesburg, 22 April 2024 - In a groundbreaking initiative aimed at empowerment and fostering diversity within the accounting profession, Standard Bank has forged a pioneering partnership with the South African Institute of Accounting (SAICA) to sponsor fourth-year accounting students at three historically disadvantaged universities in 2024. This marks the first collaboration of its kind between a leading financial institution and an esteemed accounting body, with the objective of elevating aspiring accountants who may lack the financial resources to pursue their dreams. This collaboration embodies the belief that success is achieved not only through individual effort but also through collective empowerment and support.

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9 Apr 2024
Press release

SAICA welcomes Akash Singh as the National Council President

Johannesburg, 9 April 2024 - We are thrilled to announce the appointment of Akash Singh as the new President of the National Council and ex officio member of the Board.

Akash is taking over the reins from Kobus Swanepoel, and we thank him for his unwavering support and dedication to SAICA and the accounting profession throughout his tenure.

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27 Mar 2024
Press release

Two-pot system: Key considerations before you withdraw your retirement savings

Johannesburg, 27 March 2024 - The retirement funds industry is poised to implement the long-awaited two-pot system, effective September 1, 2024, granting members partial access to their retirement savings. However, there is a critical need for education and managing members' expectations due to prevalent misinformation. Members must stay informed through their respective funds’ communications to understand the process of accessing these funds fully. While many members grasp the concept of a R30,000 withdrawal, other crucial considerations remain overlooked. Kedibone Sono CA(SA), SAICA Project Director for Members in Business (Technical), sheds light on these considerations, alongside the challenges members need to navigate while assessing their savings.

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25 Mar 2024
Press release

SAICA Statement on the Passing of Mr. Markus Jooste

Johannesburg, 22 March 2024 - The South African Institute of Chartered Accountants (SAICA) notes reports of the passing of Mr Markus Jooste, former CEO of Steinhoff.

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