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South African Institute of Professional Accountants

South African Institute of Professional Accountants

By Africa Business Radio
The South African Institute of Professional Accountants (SAIPA) is one of the leading accountancy institutes, representing and supporting its members to fulfill the increasing demands of businesses in South Africa’s growing economy by equipping the Professional Accountant (SA) with the latest knowledge, techniques, and accreditation required to render key services.
Weekly podcasts by industry-experts bring you thought-provoking insights into issues facing the accounting sector.
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Budget Speech 2019: Understanding the Salient Features
2019 is by far the toughest year for "South Africa Incorporated" financially. The depressed economy, corruption and all factors concerned made this a tight budget for Finance Minster of South Africa, Mr Tito Mboweni. We try to understand the things said and unsaid in the budget.
March 5, 2019
The Inevitable Demise (Voluntary Liquidation) of Bosasa
The mighty Bosasa (African Global Operations) who wielded endless influence over government officials in the procurement of tenders as presented at the State Capture Commission of Inquiry has fallen on its sword and filed for voluntary liquidation. We speak to Faith Ngwenya of SAIPA (the South African Institute of Professional Accountants) on what this means as well as the implications.
February 18, 2019
The Budget Speech 2019 of South Africa: What Can We Expect?
The finance ministry is one of the most critical ministries in any economy because that is where the state purse resides. 2019/20 is going to be a tough year globally according to the IMF in terms of Economic Growth. Faith Ngwenya of the South African Institute of Professional Accountants (SAIPA) joins me to discuss what she envisages might be up for consideration, as well as the Annual Budget Breakfast that is hosting by by SAIPA.
January 21, 2019
Business Rescue and Liquidation: What is the Difference?
The lowest period of any business's life is when it is unable to honour its financial obligations, Prior to the Companies Act 2008, this would've lead to immediate liquidation and winding up of the business. However this legislation brought with it a practice of Business Rescue. Mrs. Faith Ngwenya outlines the difference between the two and when each come into effect.
November 20, 2018
Preparing Yourself For That Interview Opportunity
Job seekers are always forwarding their CV's for employment opportunities that they desire, however not many of them get the job, let alone the chance for an interview. This brings despondency to the job seeker, however it is mainly as a result of fundamental errors that deprive them of the opportunity. We speak to Nikki Williamson of True North Recruitment to help us understand this dynamic and what you need to do to get it right.
November 13, 2018
SAIPA celebrates their Top Achievers in a Glittering Event
On the annual calendar of SAIPA, they honor their top performers in their National Accounting Olympiad for grades 11 and 12, the best Tax and Accounting Thesis for Honours, Masters and Ph.D. candidates as well as the Professional Examinations for November 2017 and May 2018. We get reaction to what happened on the day and the future plans with regards to this matter.
October 18, 2018
Accounting Degree or Diploma: Which is better?
It is a difficult choice to make for students when they have to decide whether they follow a degree or a diploma in a specific discipline. Even with accounting, where debit is debit and credit is credit, the depth of the understanding and knowledge acquired differs between the degree and the diploma. Prof Rashied Small, Executive for Membership and Training explains the difference.
October 2, 2018
The Return of the SARS Large Business Centre - Ettiene Retief
The Large Business Centre (LBC) brought in excess of 30% of tax revenue before it was closed due to the restructuring by the then commissioner, Mr Tom Moyane. Now the acting commissioner has decided to re-open the LBC, and this has been welcome by man tax practitioners and businesses.
September 11, 2018
We Cannot Become Numb in the Fight Against Corruption
Corruption and questions of ethics in the accounting profession has tainted the industry to an extent that the credibility is affecting all professionals. SAIPA is cementing its position that it is against such conduct and is intent on ensuring that its members do not become part of these acts.
August 28, 2018
Women Getting Ahead In Corporate South Africa - Kantha Naicker
To Getting Ahead In Corporate South Africa, Women Need To Brand Themselves Accordingly. Kantha Naicker — Vice chairman, South African Institute of Profesional Accountants shares tips on how women can self-brand themselves in a way that will aid their success and enable them to get ahead
August 16, 2018
School Children in Gauteng Public Schools are taking less interest in Accounting and Mathematics
The trend that is being observed where fewer and fewer students are taking up Maths and Accounting, which is be a worrying trend to the Accounting Profession. Executive of Technical and Training, Mrs Faith Ngwenya unpacks this in greater detail, including the effort that SAIPA is doing to support and encourage students in both these subjects.
August 13, 2018
The May 2018 Professional Evaluation Results
Professor Rashied Small discusses the results of PE Exams in greater details and gives comprehensive feedback on the performance of the Kimberley exams.
August 6, 2018
The Innovative Standard Bank EDGE - Zimkitha Zatu
The innovation hub of Standard Bank has come out with an exciting offering that is simply referred to as EDGE. It is designed to simplify the banking experience of the entrepreneur by allowing them to delegate that responsibility fully to their accountants, whilst they focus on growing their businesses. Zimkitha Zatu, the head of EDGE joins us to discuss this product and its amazing features.
July 18, 2018
Standard Bank Partnership With SAIPA to Design innovative Fundraising Platform For Small Businesses - Zobuzwe Ngobese
Standard Bank has taken a major step towards simplifying banking for Accountant and Entrepreneurs by being innovative. This is through the release of Edge, which is a uniquely innovative banking proposition. Mr. Zobuzwe Ngobese, the Executive for Communication and Marketing at SAIPA takes us through this product and the role of SAIPA in allowing for this product to grow.
July 13, 2018
SAIPA Launched 2018 Winter Program For Grade 12 Learners
SAIPA has undertaken on a project to provide extra classes to Matriculants (Grade 12's) in Ivory Park and surrounding areas for Accounting and Mathematics students. This is done through what they have termed the "Winter Schools Project". Group Executive for Marketing and Communications, Mr. Zobuzwe Ngobese sheds some light on the purpose of the current project and the future plans that the institution has to roll this out beyond the current scope. Any interested parties (individual and corporate sponsors) to support this initiative can contact Mr. Ngobese on
July 5, 2018
CIPIC Implements New Procedure For Submitting Corporate Returns in South Africa
The CIPC has decided to change the manner in which annual returns are submitted by practitioners in order to ensure uniformity and standardization. The multitude of various submissions is to minimize with the introduction of the concept of reporting via Extensible Business Reporting Language (XBRL). From what has been communicated, XBRL is a web-based computer language that is intended for business reporting and allows account numbers to be tagged within XBRL format, using predefined descriptions. This standardized tagging improves analysis of financial information and leads to more comparable and reliable information. SAIPA's Mrs. Faith Ngwenya, who is the Executive for Technical and Standards unpacks this further.
June 28, 2018
SAIPA's 2018 Evaluation Show That SA's Professional Accountants Are Highly Competent
The growth of SAIPA's members is moving in the planned direction. This is indicated by the recently released results for applicants who wrote the Professional Evaluation Examinations on the 25th May 2018. The group consisted of external candidates with no previous affiliation, members of the SAIPA Trainee Membership programme, and graduates of SAIPA’s Project Achiever programme. We speak to Professor Rashied Small on his views of the results.
June 25, 2018
South Africa's Taxman To Cut Tax Season By a Month - Here's What You Need To Know
Earlier in May 2018, The South African Revenue Services made a proposition to cut tax season, this got different reactions from the different stakeholder groups. Tax practitioners and industry bodies expressed concerns that this might bring about pressures on taxpayers and tax practitioners on meeting the new deadlines. Later in the month, SARS made an official announcement on its website that it has decided to cut the 2018 tax season for non-provisional taxpayers (individual taxpayers who earn a salary and who do not have additional income sources such as interest or rental income) by one month to allow more time for finalising verifications and audits before year end. With this announcement, the indication is that SARS must have consulted with relevant stakeholder groups and got their buy-in. Ms. Faith Mgwenya joins Nqobani Mzizi on business today in Africa to discuss this and how the South African Institute of Professional Accountants view this new development.
May 30, 2018
SAIPA’s Views on The State of SA’s Economy 2017 – #MTBS2017
When Finance Minister Malusi Gigaba delivers his inaugural Medium-Term Budget Policy Statement (MTBPS) on Wednesday this week (25 October), what were your expectations? We speak to Ettiene Retief on the South African Institute of Professional Accountants (SAIPA) on what he thinks we should expect. This is arguably one of the toughest times for the state purse in South Africa.
May 30, 2018
Professionalizing Public Sector Accounting in South Africa – SAIPA
On our SAIPA (South African Institute of Professional Accountants) segment, I touch base with Professor Rashied Small who is the Executive of Membership and Training l at the institution. We talk about the FASSET Project Achiever Programme and well as SAIPA’s drive into the public sector. They want to help professionalize the Public Sector. So you’re encouraged to listen. Find us on Africa Business Radio ( between 19h00 and 20h00 CAT.
May 30, 2018
The Current Economic/Political Climate In South Africa – SAIPA’s Budget Breakfast 2018
SAIPA hosts events throughout the year and also showcases its designation at Accounting and Tax related events as well as the annual budget breakfast. With Sona postponed by the South African Parliaments, the Budget Speech has been set for February 22nd, 2018 and SAIPA invites members and non-members, to the annual SAIPA Budget Breakfast 2018. There will be Discussion on the impact of the Budget Speech with an esteemed panel of expert speakers, let engage in conversation on the country’s economic challenges and plan your direction for 2018. Leading economists will provide their views on the budget highlights, including the viability of National Treasury’s budget and economic forecasts as well as an overall assessment of the economy and government’s policy strategies to uplift growth/employment. A panel of experts in financial regulation will address the latest National Treasury initiatives dealing with the regulation of various investment vehicles, including offshore investments (such as exchange control).
May 30, 2018
SAIPA To Develop Curriculum For Public Sector Accountants in Africa
SAIPA is embarking on creating a curriculum for a university degree that is focused on the Public Sector. This curriculum will cover the continent of Africa. In collaboration with PAFA (Pan African Federation of Accountants), they are making inroads and this initiative is being warmly received by the professional institutes throughout the continent. Professor Rashied Small joins us to explain this.
May 17, 2018
SAIPA’s 2018 National Accounting Olympiad - Kerry Hodgkinson
There has been a lot of testimonies after the successful completion of the South African Institute of Professional Accountants’ (SAIPA’s) National Accounting Olympiad (NAO) in 2017 and also a growing interest in the program, the institute has again invited entries from Grade 11 and Grade 12 learners that are currently taking Accounting as a school subject, and who wish to follow a B.COM degree as further study. The entries officially closed on 25 April 2018, Kerry joins Nqobani to discuss some of the success stories so far and also shed more light on the important dates for 2018.
April 27, 2018
SAIPA's Role in Developing Public Sector Accounting in South Africa - Professor Rashied Small
SAIPA's Education, Training, and Membership Executive, Professor Rashied Small to talk about SAIPA in the public sector accounting in South Africa and what SAIPA is doing in terms of education, policy &Regulations and generally ensuring accountability within the South African public sector.
April 18, 2018
South African Revenue Services To Impose Taxes on Bitcoin - Etienne Retief
In a statement recently released by The South African Revenue Service (SARS), "normal income tax rules" will continue to apply and taxpayers must declare profits or losses on any cryptocurrency dealings. The onus is on taxpayers to declare all cryptocurrency-related taxable income in the tax year in which it is received or accrued. Failure to do so could result in interest and penalties. Gains or losses in relation to cryptocurrencies can broadly be categorized differently, with distinct tax consequences for each scenario, for example, Investors can exchange local currency for a cryptocurrency, and Goods/Services can be exchanged for cryptocurrencies. Some taxpayers may be under the impression that many of these cryptocurrencies do not even keep a record of whom it belongs to, So how is SARS going to know who has what cryptocurrencies? “Taxpayers who are uncertain about specific transactions involving cryptocurrencies may seek guidance from SARS through channels such as Binding Private Rulings (depending on the nature of the transaction),” said SARS.
April 16, 2018