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INSTAGLAM is a platform that's revolutionalizing the beauty and salon industry by connecting users anywhere, anytime and at any budget with professional beauticians, hairdresser, makeup artist, nail technicians etc. From weddings, corporate events, to a night out with friends, INSTAGLAM helps you to find and book the perfect beauty professional to look your finest. The concept of glamour and make it accessible to those who seek it, have the chance to inspire and be inspired by others.
Technology and finance are more synonymous now than ever before. The banks with the most innovative and cheap banking models are the ones who not only attract but also keep clients these days. Tafara Capital is one such organization that is hoping to disrupt the market as soon as it is released out into the market. With their plans of launching at a very advanced stage, the chairman, Dr. Thabo Lehlokoe shares the journey of Tafari and what their plans are. This is going to be very BIG!
The recently concluded Tourism Indaba which took place in Durban South Africa has been a big success for many years running. This year was capped with the announcement of the opening of a route from London Heathrow Airport to Durban King Shaka Airport. The acting CEO of Tourism KZN, Ms. Phindile Makwakwa shares the plans for the future of tourism in the province of KwaZulu Natal and how they will support new players into the tourism space.
West Africa's Regional Stock Exchange is one of the most successful regional stock exchanges, linking eight West African countries with a stable currency and fast growth; in its current season of road shows, the exchange met with South African fund managers and market experts on March 14, 2018, at “BRVM Investment Days in Johannesburg. SAB-Inbev gives an account of public interest commitment. At the end of 2016, SABMiller combined its business with one of the largest beer brewers in the world, Anheuser-Busch InBev (AB InBev) and at the time made several public interest commitments (PIC), financed through an R1-billion AB InBev Investment. The PIC was agreed on with the South African government to bring economic and broader societal benefits to the country over the next five years. On Monday the 23rd April 2018, SAB-Inbev announced its progress to the public interest commitments (PIC) made to the South African government a year on since the agreement.
The disturbing trend where tax practitioners themselves fail to be tax compliant has been brought to the notice of The South African Revenue Services Faith Ngwenya joins is the technical executive at the South African Institute of Professional Accountants (Saipa), she joins Nqobani Mzizi on business today in Africa to shed more lights; she said while there were suggestions that non-compliance was quite widespread, RCBs were not currently in a position to verify this. Sars previously provided information to RCBs about the number of non-compliant members, but this hasn’t been done in recent years. Keith Engel, CEO of the South African Institute of Tax Professionals (Sait), said non-compliance could take on different forms. Some practitioners might have failed to pay a legitimate tax debt to Sars, while “the occasional guy” might have a criminal record. Other issues included failure to keep up with educational compliance requirements, disciplinary action for unethical behavior such as withholding a client’s tax profile because of a contractual dispute or claiming refunds on spurious grounds.
Ms. Mudzunga Mashamba of The Productivity and Performance Group unpacks present challenges that women face in the corporate workspace, where they face pressures on both the corporate and domestic front. Ellen Bravo says about this: “women are not thinking about ‘having it all,’ they’re worried about losing it all—their jobs, their children’s health, their families’ financial stability—because of the regular conflicts that arise between being a good employee and a responsible parent.”
Ms. Faith Ngwenya of the South African Institute of Professional Accountants (SAIPA) engages us on the Debt Write-Off Bill that is presently before parliament. She unpacks its contents and what is under discussion. SA Plans To Offer Debt Pardon To Individual With The New Debt Write-Off Bill In The Parliament. The South African Institute of Professional Accountants was one of many entities that made submissions on the draft National Credit Amendment Bill. The debt-intervention powers that are being proposed set out a process that credit providers and credit bureaus must follow when they are lending money and the institute’s submission highlighted certain aspects of the proposal that require further consideration and discussion. Some in the profession are wondering if the intervention is needed at all. Treasury is supporting the proposal that the unsecured debt of particular over-indebted individuals is extinguished completely as a once-off intervention. The group of people who would be eligible for this are individuals with gross monthly income of not more than R7,500, who have no readily realizable assets (excluding exempted items), are not subject to debt review and have unsecured debt that is less than R50,000. For a long time, South Africans have been warned about the out-of-control debt of our citizens. A lot of this responsibility has fairly been pushed back to credit providers, who in the past have allowed consumers to use up to 70% and 80% of their monthly income to repay debt. This practice is reckless and immoral, which is why the National Credit Act has been established. Last year, a draft bill giving the National Consumer Tribunal the power to extinguish debt in certain circumstances was published for public comment by Parliament’s Trade and Industry committee, which formulated it. The South African Institute of Professional Accountants was one of many entities that made submissions on the draft National Credit Amendment Bill.
The economic effect of Listeriosis is at present not under the spotlight but it cannot be undermined as this outbreak could potentially impact share prices, market share and the bottom line of entities such as Tiger Brands and RCL. We speak to Owen Nkomo to find out what this could spell for entities and what could be done, if anything, to circumvent potential losses.
CEO Monday the theme of the first Monday's show in the month on the show "Business Today in Africa" with Nqobani Mzizi. Our CEO for today is Advocate Eric Mkhawane, the CEO of the Office of the Tax Ombud in South Africa. On the backdrop of the budget speech and greater interest shown in tax by every South African, we try to find the function or purpose of his office and what can they do for South Africans.
Entries for the popular 2018 National Accounting Olympiad (NAO), run by the South African Institute of Professional Accountants (SAIPA), are now open. The aim of the SAIPA NAO is to make Accounting as a subject a preferred choice to all students, and to promote the option of professional accountancy as a sound choice for further study, and the pathway towards a financially and personally rewarding entry into employment. We are looking for teachers across South Africa to enter their Grade 11 and Grade 12 accounting learners currently taking Accounting as a school subject, and who wish to follow a BCom degree as further study, to enter for the competition. The Grade 11 paper was introduced for the first time in 2017 and we encourage schools to take advantage of this exciting update. There is no limit on the number of entries per school and a registration fee of R50 per learner applies. The entry fee will be waived for non-fee schools. Click here to download the entry form. Entries close on 25 April 2018. An added benefit is that the NAO also provides learners with a foot in the door with future employers, which is why SAIPA invests substantially in it. The first round exam paper of the 2018 competition is scheduled for 16 May at the learners’ respective schools. All learners who pass the first round, will qualify for the final round and be invited to participate on 1 August. The final round will determine the top provincial and national winners. Last year’s NAO was a great success with over 6 700 pupils participating from around the country, and excelling on many levels. The competition generated provincial and national winners who were honored at a formal Gala Awards evening in Johannesburg. We always endeavor to keep track of the winners’ progress throughout their tertiary education to ensure that our intervention is continuous and sustainable and not just a once-off event.
We discuss the Fine Print on policies and insurance documents; what does it mean and why do you need to familiarise yourself. This, we discuss on our Personal Finance Feature with Financial Advisor Mr. Adam Helper.
Why does President Jacob Zuma not want to step down? What is this doing to the party (the ANC)? Is it worth the party dividing as much as it is? What's the conflict between what is best for ANC as they prepare for 2019 election, the demand of South African for President Jacob Zuma to step down as president on the allegations of corruption and what the constitution says? Some of these questions were answered by the Analyst extraordinaire Mr. Khaya Sithole.
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