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Financial news

Friday | 09 October | 2020 Tongaat Hulett: Deloitte’s share in debacle now scrutinised

By Reon Janse van Rensburg At a recent annual meeting of Tongaat Hulett, the chairman of the company, Louis von Zeuner, assured shareholders that the board will take action where they believe it is necessary, but he did not mention that they immediately intend to take action against the external auditor, Deloitte. Much of the two-hour meeting, however, was aimed at discussing Deloitte’s role in the impending collapse of the company. One of the company’s shareholders, Chris Logan, who had already noticed problems with the sugar group in 2014, asked if the board had realised how badly Deloitte had let
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Friday | 11 September | 2020 Ruan Smith: People’s person, financial adviser and a man who helps devising a plan

By Reon Janse van Rensburg Ruan Smith (27) from Krugersdorp in the West Rand is a young man with a passion for everything that comes his way. Not only is Ruan a person who loves to plan for the future, but is also a smart, qualified chef with a great love for cooking. He was previously in education − already passionate about helping people. Today, Ruan is a senior personal financial adviser at Old Mutual where he daily meets the challenges of the various aspects of his profession. Solidarity’s Occupational Guild for Financial Professions talked to Ruan about his profession.
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Monday | 07 September | 2020 Solidarity’s financial guild concerned about appointment of auditing watchdog

By Reon Janse van Rensburg The Independent Regulatory Board for Auditors (Irba) serves as a watchdog that investigates auditing scandals and failures in corporate South Africa. It is an organisation that needs to act fiercely in the war against fraudulent activities and effective in its duty to apprehend companies that turn a blind eye to the law. According to Daily Maverick, South Africa is experiencing an increase in cases where auditors such as Deloitte SA and KPMG are turning a blind eye to companies that manipulate their financials, as seen in the collapse of African Bank, Steinhoff, VBS Mutual Bank
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Wednesday | 19 August | 2020 SAICA’s and IRBA’s new CPD policy

By Nico Strydom The South African Institute for Chartered Accountants (SAICA) and the Independent Regulatory Board for Auditors (IRBA) introduced the new policies on Continuing Professional Development (CPD). The new policies brought about significant changes. According to Mandi Olivier, senior executive officer and head of professional development at SAICA, the new CPD policy is especially timely given the Covid-19 pandemic, which has shown that one should be adaptable. “The recent changes to the CPD policy reflect what members have to do to reform themselves for the future. To adopt an attitude of lifelong learning is of critical importance for survival.”
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Friday | 17 July | 2020 The importance of mentorship in the workplace

By Nico Strydom Many companies have formal mentorship systems to make sure that knowledge and skills are transferred and to identify and develop talent. Mentorship programmes do not only serve as instruments for development, but are also extremely cost-effective options with numerous benefits for a company because the resources are already in place. Research has found that mentorship makes for job satisfaction and professional and personal development for the mentor as well as for the person at the receiving end. Employees also tend to stay with their place of work if they feel that they are getting help and that
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Thursday | 16 July | 2020 Infographic resumes – When you need one and when you don’t

By Reon Janse van Rensburg Traditionally a resume will consist of basic text that is used to list information about a person, from the point where they started their careers, up to the current point in time. We are all familiar with this model as most people that have settled into their careers have most likely used this format since before they started their first job. Pictures can be worth more than a thousand words; they can also help you get a job There are, however, different approaches when designing and putting together a resume. One type of resume style
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Thursday | 16 July | 2020 Women and money matters

By Nico Strydom The role of the woman in the finances of a household has undergone a total revolution over the past few decades. Nowadays the woman is often the main or sole breadwinner, with women who focus more on their careers and are no longer necessarily the prime caretaker. Women have also begun to play a key role in the financial planning of a household. Tiffany-Ann Boesch, financial head at PPS, says according to research by the international financial services firm UBS 85% of women manage daily expenses but only make 23% of the decisions when it comes to
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Wednesday | 01 July | 2020 Make sure your auditing firm’s website stands out on Google

By Marli Naidoo To have a website for your company is not the same as having an effective website. You may create the most interesting and visually stimulating website and still not be easily found on Google. Since August 2018, Google has been paying closer attention to the quality of the information available on websites it believes can have a financial and physical impact on people. Websites that focus on finances, which includes auditing firms, are included in the websites closely scrutinised. Google wants to make sure people are not exposed to websites in this industry that may contain misleading
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Monday | 22 June | 2020 Kliëntediens in die finansiële industrie

Deur Nico Strydom   Dit is van kritieke belang vir instellings wat finansiële dienste verskaf om persoonlike ervarings vir kliënte te skep.   Quinton Pienaar van die ouditfirma PwC sê uitstekende kliënte-ervaring is waarskynlik die grootste differensieerder in die Suid-Afrikaanse mark vir finansiële dienste. Kliënte het talle opsies maar volgens Pienaar sal kliënte al hoe meer persoonlike interaksie van hul finansiële instellings verwag om hul in te lig oor die gebruik van produkte en risikovermindering.   “Kliënte wil voel dat hul finansiële instelling hulle ken en hulle spesifieke behoeftes verstaan. Dit gaan oor om te weet wat jou kliënte soek
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Monday | 22 June | 2020 Akademia-studente presteer met goue kleure en die Solidariteit Beroepsgildes was daar!

deur Rochelle van der Berg Soos gewoonlik het die studente by Akademia groot sukses te behaal met hulle kwalifikasies. Die Solidariteit Beroepsgilde vir Finansiële Beroepe was eerste in lyn om met die topstudente oor hulle sukses te gesels. Die Solidariteit Beroepsgilde vir Finansiële Beroepe streef daarna om die volgende aan sy lede en gemeenskap te bied: Maksimering van inkomste deur middel van netwerkbemarking Die verkryging van langtermyn inkoop en lojaliteit deur middel van netwerkgeleenthede Toevoeging van waarde deur te fokus op gemeenskap Die beskouing van werk as edel en die aanvaarding dat dit ’n roeping is om ’n verskil te
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