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CIPC Notice to customers

Notice 61 of 2019 Processing requirement for removal of co-operative directors From date hereof, in terms of section 39 of Co-operative Amended Act No. 6 of 2013 and its Regulations, a co-operative must notify CIPC of the reason(s) for removal of a director from...

Finance ministers to discuss joint action to prevent future debt crises

Commonwealth finance ministers will meet in Washington D.C. on 17 October 2019 to discuss coordinated interventions to prevent future debt crises. The meeting will be chaired by the Finance Minister of Cyprus, Harris Georgiades, under the theme ‘Preventing Debt...

CIPC Notice

Notice 60 of 2019 Compulsory name reservation of co-operatives In terms of co-operatives Amendment Act No.6 of 2013 and its Regulations, any person who intends to form a co-operative or any co-operative which intends to change its name must have approved name. CoR 9.4...

How Wingman Accounting is scaling across South Africa

At just one year old, Wingman Accounting has 60 clients, plus 5 staff members (and counting). Adriaan Basson Founder Wingman Accounting will be sharing his advice on how to grow your accounting practice on Wednesday 16th October at the Saiba and Receipt Bank member...

CIPC delayed service

Notice 59 of 2019 Kindly note that services are slower than normal due to the CIPC planned maintenance over the past weekend. Customers may transact, however, processing of some services may be delayed as a result of the restoration process. All efforts are being...

CIPC Notices

Notice 62 of 2019 Maintenance on XBRL portal impacting on e-services AR, AFS and FAS filing process. The CIPC is performing system maintenance on the e-services system on 13 October 2019 at 09h00. As a result, from 09h00, the Annual Return filing process, XBRL AFS...

Tito’s plan for SA has plenty room for accountants

Finance minister Tito Mboweni recently issued an economic plan for rebooting the SA economy. Its title: Economic transformation, inclusive growth, and competitiveness: Towards an Economic Strategy for South Africa. We took a look through the plan to see where there...

70% of SMEs fail within the first two years – can Fintech be the game-changer?

It’s estimated that SMEs make up 91% of formalised businesses in South Africa, provide employment to about 60% of the labour force, and their total economic output accounts for roughly 34% of the country’s GDP. But the reality is that the overwhelming majority of...

CIPC Notices

All SAIBA members are alerted to the following notices received from the CIPC: Notice_57_Name_Reservation CIPCNumber_58 CIPC;Notice_59_Delayed Services_CIPC;...

MAZARS BREAKS INTO BIG 4 ARENA

Audit firm launches Financial Services entity to offer skills on demand 03 October 2019: Global audit and advisory firm, Mazars has launched a practice to offer skills and consulting services to businesses in the financial sector. The newly established Mazars...

CIPC Matters

Please be informed that CIPC has informed that Accounting officers, Agents, Consultants and / or Accounting firms are not allowed to file for Trade Mark applications on behalf of their clients. Practitioners are however advised to inform clients to approach a...

Do you have your space reserved for the Receipt Bank and SAIBA breakfast on 16th October?

We’ve got an action-packed agenda, this is definitely not one to miss! Enjoy a complimentary networking breakfast at The Venue Summit Place - Menlyn from 7:30am. Plus if you book before close of business on Tuesday 8th October you stand a chance to win one of 2 sets...

How accountants need to play a central role in Tito Mboweni’s growth plan

SA Institute of Business Accountants (Saiba) comments on Tito Mboweni’s growth plan as follows: Tito Mboweni’s growth plan for SA is a bold and ambitious plan, and needs to be adopted if were are to return to the 4-5% growth levels of a decade ago. This is what is...

CIPC

The CIPC has been experiencing technical issues with their website. SAIBA would like to invite all members to send any queries to josef@saiba.org.za and we will address them on your behalf and give you feedback.

Four steps to become a digital doyen in business

Digital transformation can unlock business competitiveness and success despite economy The South African economy is likely to escape a recession and finish the year in positive territory. This may provide some respite for businesses but economists agree it isn’t...

Clash of the ages: Multi-generational diversity impacts workplace productivity

Managing teams comprised of a range of generations is a growing challenge for leaders and, if this challenge is not constructively and proactively addressed, it can have a substantial negative impact on affected employees and ultimately the organisation, a leadership...

Tax inspectors without borders campaign brings in $500m

Developing countries have collected almost $500m in additional revenues as a result of an international programme to tackle multinationals’ tax compliance, the OECD reports. According to Accountancy Daily, the OECD’s tax inspectors without borders (TIWB) programme,...

Meet a member: Louis Klopper, Saiba technical committee member in charge of Business Rescue

You may have heard of Louis Klopper as one of the famed Business Rescue Practitioners (BRP) for the Gupta companies. Louis took on this role in February 2018 when the eight Gupta companies, largest of which was Optimum Coal, were placed in business rescue after local...

Happy Heritage Day!

“This Heritage Day, let us appreciate and celebrate our diverse heritages and cultures that make us uniquely South African” by Prof CM de la...

Meet a member: Joseph Ogbonnia, Saiba technical committee member, is looking after your interests

Joseph Ogbonnie arrived in South Africa from Nigeria in December 2017, having just retired from a highly successful career as a senior executive in the oil and petroleum business in his home country. His full name is Ogbonnia Nnanna Oko-Joseph, though he is better...