The South African Revenue Service (SARS) has announced that the estimated assessment functionality has been implemented for value-added tax (VAT). Director Suresh Naidoo and our team of tax experts, Nontando Zondo, Silindile Pearl Phakathi and Nhlanhla Musa Mdlalose, explain what this means for business owners.
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The Team
April 11, 2024
Picture it: the snow owl just dropped off your acceptance letter for Hogwarts School of Witchcraft and Wizardry. But you're not 11, not Harry Potter, and it's the beginning of your auditor journey. In part one of this entertaining epic, HP fan Khofhid Govender explains how being a trainee has been like a fictional tale. One that is both a dream and a nightmare!
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Khofhid Govender
April 6, 2024
Following recent mandates from major organisations for their workers to return to the office full-time, we think hybrid solutions are still possible. Many businesses are at a crossroads: Are you team #workfromhome or team #returntooffice? Kiyara Rampersadh argues for the case of offering working from home or a hybrid offering. She explains how the future is flexibility.
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Kiyara Rampersadh
April 6, 2024
Danger lurks when you pile the work onto your best employee. Yes, they are more than capable, yes, they excel at their work. But this could be the very reason they jump ship. Shabnum Hassim explores why we need to stop burdening star employees.
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Shabnum Hassim
March 15, 2024
We love artificial intelligence! So we are bringing the best of it to you. The AI Steering Committee, Deepika Naidoo, Nhlanhla Musa Mdlalose, Tshegofatso Nteko, Ebrahim Kaloo and Mumtaaz Khan, share the chronicles of the Accensis AI journey and how we are going to shake up the accounting world.
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Deepika Naidoo
March 15, 2024
After I am dead and gone, what does it matter? I say, do it while you can. Let's talk wills and estates. Our attorney and fiduciary manager, Amishka Hansjee, wants to remind you of the benefits of creating an inter-vivos trust.
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Amishka Hansjee
March 15, 2024
Following the passing of great South African cricketer Mike Procter, our director Mr Suresh Naidoo shares his moment with Proccie and how his impact paved the way for sports people of all races.
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Suresh Naidoo
March 15, 2024
Having it all - how do you do that? Mother of 2, wife and BPO accounting manager Nthabiseng Lebogo, AGA(SA), shares some tips on how she thrives in her many roles.
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February 16, 2024
Providing relief for the general fuel levy, in 2000 the government implemented the diesel refund system. With the help of SARS, food manufacturers have a diesel refund extension until 2025. Tax Practitioner Nhlanhla Musa Mdlalose explains how business owners can cash in.
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Nhlanhla Mdlalose
February 12, 2024
Providing learning opportunities to employees is a vital strategy when considering staff retention. We are on board with it, but how does this help you? Audit Manager Shayur Mohun explains why both businesses and professional individuals thrive when further learning opportunities are available to employees.
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Shayur Mohun
February 6, 2024
The age-old strategic paradigm debated by most businesses in the pursuit of generating cost efficiencies and redirecting focus to value adding activities has regained its popularity, particularly with finance, accounting and IT functions
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April 17, 2023
This Women's Day, Accensis has a look at a pressing matter for accountants and women: workplace burnout. From the 1956 protest to the current work force, we have a look at the reasons why professional women feel that they are running on fumes.
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Deepika Naidoo
April 17, 2023
Technology has transformed the way many businesses operate. According to the 2018 Digital Transformation Index, 77% of businesses describe their relationship with technology as average or above average.
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April 17, 2023
As the world is in much debate over the cost of the internet, copywriter and marketing consultant Deepika Naidoo explores how close we are to making the internet a Human Right.
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Deepika Naidoo
April 17, 2023
A ‘secret currency’ has helped many of the world’s most prominent organisations scale beyond their wildest dreams. The world’s top tech companies use it to not only rise to the top of their field but to build long-lasting dynasties and become legendary.
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Muhammad Umar Karim
April 17, 2023
The Big 4 audit firms are essentially private enterprises that are owned and managed by their partners or directors, depending on whether they are structured as an incorporated company or partnership.
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Suresh Naidoo
April 17, 2023
It is that time of year again where we edge closer to the e-filing deadline date for individual taxpayers tax return submissions. Now the question on everyone’s mind is… “Working from home, do I qualify for any home expense deductions”?
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April 17, 2023
As the cost of living rises, income tax rates are a cause for concern. The structure and financing of a tax change are critical to achieving economic growth. Audit manager Xolane Makhubu argues why reducing income tax could be our solution as everyday expenses soar.
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April 17, 2023
BCom grads, It's time to choose your career path. Being a Chartered Accountant is appealing, but what would I need to get there? Audit Manager Loshnee Moodley gives us a reality check on the highs and lows of the CA route - but don't worry, it's all worth it in the end!
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April 28, 2023
We are slowly but surely moving away from the idea that our identities and the working world can't go hand-in-hand. Financial Manager Kavika Singh explores how multiculturalism could be the solution to current workplace woes like The Great Resignation and paradigm shifts.
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Deepika Naidoo
April 17, 2023
Working in the 4th industrial revolution, with institutional changes comes technological advancements ... and set backs. Leena Ramrutham from our BPO team tells us about the growing pains the Companies and Intellectual Property Commission (CIPC) experienced following the implementation of The Companies Act (2008).
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Leena Ramrutham
April 17, 2023
One of the most pressing challenges facing a family-owned business is passing the baton from one generation to the next. When it comes time to pass the torch, the process of choosing a successor(s) should start years in advance of the actual cutover date.
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Suresh Naidoo
April 17, 2023
Do you think Van-Gogh or Monet ever imagined that a machine could imitate their decades-long methods within seconds? BPO Accountant Marcel Naidoo explains how Art AIs can cause concern for struggling artists across the globe
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Deepika Naidoo
April 17, 2023
Employee health affects more than just medical costs. A healthy workforce is a more productive workforce. Tax Manager Silindile explores the importance of taking time for your health in the workplace.
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Silindile Phakathi
April 17, 2023
Audits have evolved from routine checklists to a vital part of a company’s governance process...
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Muhammad Umar Karim
April 17, 2023
As the indicators of a global revolution continue to ring alarm bells around the world, many wait anxiously for our uncertain future. BPO Accountant Marcel Naidoo explains the patterns of civil unrest, and the uneasiness of a looming revolution in nations across our globe. Is South Africa next?
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Marcel Naidoo
April 17, 2023
Used to the world not stopping for anything? Work is 25 hours a day 8 days a week? The festive season will show you flames - especially for those who can't turn off the engine. Audit manager Loshnee Moodley gives us a guide on how to take it easy this festive season
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April 28, 2023
The first house that I bought was on the banks of the Umgeni River. On a January Saturday we all went out to watch the Dusi participants come in on their way to the finished at the Blue Lagoon. I used to follow the race from start on television and was in awe at the skills required by the canoeist to navigate these waters. Rapid water flows from starboard, from port and rocky outcrops ahead.
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Suresh Naidoo
April 17, 2023
With a staggering 34.4% (7.8 million) of unemployment in South Africa and the youth of SA ages, 15-24 years making up 64.4% of the overall percentage. It is worrisome to be facing such an issue in a pandemic.
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Nompilo Hadebe
April 17, 2023
Over the decades, servicing many successful family businesses, I have picked up valuable lessons on what attributes and values set them on the path to success.
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Suresh Naidoo
April 17, 2023
Trading on the stock exchange yields high returns for individuals, some owing to their success in their investments. However, it can be daunting for novices afraid of the uncertain results and not knowing where to begin putting their money.
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April 17, 2023
It's Tax Time readers! In the latest edition of our tax updates, Senior Tax Consultant Nhlanhla Musa Mdlalose explains why SARS is doing away with the IT14SD form and how that affects companies and close corporations.
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Nhlanhla Mdlalose
April 17, 2023
Are you aware of the implications of the IFRS 16 on your annual financial statements? Below is an overview, providing insight into the implications of IFRS 16 on your business...
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April 17, 2023
An integrated report should highlight the company's positive and negative impacts, but whose baby is it anyway? Audit Manager Loshnee Moodley explains integrated reporting, and it's importance for your business.
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April 28, 2023
The threat of climate change on the global economy could not be more glaring as climate and weather-related disasters surge. According to the United Nations, greenhouse gas concentrations are at record levels and the planet is on a path to overheating.
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April 17, 2023
Human Rights' are still a foreign concept to many citizens of South Africa, even after we have spent the last month honouring those who sacrificed their lives for our fundamental Rights.
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Deepika Naidoo
April 17, 2023
The following basic tax calendar has been developed to provide a guide for taxpayers, outlining the key deadlines that taxpayers need to follow to maintain their compliant status with SARS and to avoid interest and penalties.
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Nhlanhla Mdlalose
April 17, 2023
Wrapping up Freedom month, marketing consultant Deepika Naidoo reflects on the KZN floods, decades-long inaction regarding service delivery and how this affects our freedom 28 years after the first democratic election in South Africa.
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Deepika Naidoo
April 17, 2023
December is a time to kick back, relax and enjoy the festive vibes ... ... Unless you are working ofcourse. First-Year Audit Trainee Yatish Hiralal seems to think that you can do both. Here's guide to balancing work and pleasure. "Take a minute. You need it,"
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Yatish Hiralal
April 17, 2023
More than 300 tax and accounting professionals were surveyed from various countries and backgrounds in June 2021 to gain insight into how COVID-19 affected diversity, equity, and inclusion (DEI) efforts and those in diversity lead roles, as well as the impacts of the pandemic on individuals in underrepresented gender and ethnicity groups.
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April 17, 2023
Our people love to talk sport. Since the start of the SA20 league, our office has been buzzing about cricket. Muhammad Umar Karim chats about South African cricket's bright future with the latest in local investment.
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Muhammad Umar Karim
April 17, 2023
An interesting turn of events as Facebook’s founder and CEO, Mark Zuckerberg announces that Facebook will be giving back to its creators...
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April 17, 2023
Yes or no? Sandwich or soup? Blue pill or red pill? It's tough outchea making decisions. But fear not, First-Year Audit Trainee Shabnum Hassim has some suggestions on how to decide like the pros.
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Shabnum Hassim
April 17, 2023
As the Ukraine-Russia conflict rages on, BPO Manager Kavika Singh provides analysis on the socio-economic effects of a war on the globe today.
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April 17, 2023
What is the state of information security in your organisation? A pen test is a tool that helps you gain more insight into this. This article explains what a pen test is, how it works, and the importance of pen tests to ensure the security of information at your firm.
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April 17, 2023
This Heritage Day, we are exploring how Accensis got its wings. In the eyes of marketing consultant Deepika Naidoo, we examine how business sense can be passed through the generations. From her great grandfather to director Suresh Naidoo, we explore all the moves that have made Accensis the business it is today.
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Deepika Naidoo
April 17, 2023
Credit can be good ... Almost too good if you ask us. Second Year Audit-Trainee Kiyara Rampersadh weighs up the pros and cons of using credit just before the spending season.
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Kiyara Rampersadh
April 17, 2023
One of our Directors has a message for you: accountants aren't boring, they're just like everyone else - they put their pants on one leg at a time, and are vocal lovers of cartoons. Muhammad Umar Karim explores the benefits your business can gain from a little bit of creativity and the passion of animation.
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Muhammad Umar Karim
April 17, 2023
Privatise the state? a tale as old as time. Director Suresh Naidoo explains why the privatisation of the failing state energy entity Eskom isn't the answer.
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Suresh Naidoo
April 17, 2023
PrimeGlobal is proud to announce that we have won the Sustainability Initiative of the Year, the Diversity & Inclusion Initiative of the Year, and the Communications Campaign of the Year awards at the International Accounting Bulletin (IAB) Digital Accountancy Awards.
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April 17, 2023
In adverse economic conditions, it is important to critically consider both the finance options open to you and your company itself...
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April 17, 2023
Considering the buzz around artificial intelligence, it's no wonder we are talking about one of the newest, most valuable tools. First-year trainee Ebrahim Kaloo weighs how AI can improve audit processes and reduce human error.
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Ebrahim Kaloo
April 17, 2023
Guess who's back back again? It's Accensis! And it's a new year, so it's a new me! No, seriously, we just implemented a new type of leave for our people. It's like every day is your birthday! - well, kind of. HR manager Noorain Manjoo starts our 2023 explaining all the new opportunities for our people.
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April 17, 2023
Bringing the country to its knees, the civil unrest which occurred in July 2021 was sparked by the imprisonment of former president Jacob Zuma.
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Nompilo Hadebe
April 17, 2023
Money can’t buy you happiness. … so read this article for some free lessons! Audit senior Akshay, one of the jolliest around the office, has some idea of how to find happiness – and keep it. Check out some of the values Akshay believes are the key to happiness.
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Akshay Singh
April 17, 2023
Gaining seniority in your career can be daunting - imposter syndrome, anxiety and work woes can get in the way of your success. But Audit Manager Shayur Mohun answers all your questions on how to kill it in your new position.
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Shayur Mohun
April 17, 2023
Have you ever heard the terms cryptocurrency, blockchain or Bitcoin and wondered what are these or how do they work? In this article I’ll be explaining some of these terms and what they are.
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April 17, 2023
In a shocking turn of events, a buyer was found for South African Airways. Last year, the purchasers Takatso Consortium took a 51% shareholding in SAA. It is now believed this sale is a threat to South Africa. Tax manager Silindile Phakathi does a deep dive into South Africa's national airline's latest deal.
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Silindile Phakathi
April 17, 2023
As South Africa commemorates those pupils who lost their lives in 1976 during the Soweto uprising, Director Suresh Naidoo recounts his experience as a student on June 16 during the height of apartheid.
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Suresh Naidoo
April 17, 2023
Not sure how to do your part this Mandela Day? Accensis would like the honour the true spirit of Nelson Mandela's activism - dedicating one's life to the greater good. We also discuss why some 'charitable acts' fall short.
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Suresh Naidoo
April 17, 2023
The global pandemic is now into its 3rd year and with that we have seen many changes and one that is very much talked about is to do with the change in online shopping and online businesses.
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Muhammad Umar Karim
April 17, 2023
With the pandemic sweeping the world, COVID-19 has rendered a large proportion of the workforce unable to commute to work, in an attempt to mitigate the spread of the virus. This has resulted in both employers and employees seeking alternative work arrangements.
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Nompilo Hadebe
April 17, 2023
The South African Reserve Bank changed the “repo rate” on 27 January 2022. The South African Reserve Bank lifted its benchmark repo rate by 25 bps to 4% at its January 2022 meeting, as widely expected.
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Silindile Phakathi
April 17, 2023
Following the devastation of the KZN Floods, BPO Manager Nompilo Hadebe takes a look at the cost of the natural disaster and what effects it has had on the community as we continue to rebuild the province.
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Nompilo Hadebe
April 17, 2023
If an employee or co-worker passes away, it can affect other employees and the workplace.
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Silindile Phakathi
April 17, 2023
"In this world, nothing can be said to be certain, except death and taxes." - Benjamin Franklin Tax Manager Silindile Phakathi gives us a step-by-step guide on handling a deceased loved one's estate and the tax compliance that comes with it.
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Silindile Phakathi
April 17, 2023
Measures to remedy corruption in South Africa are underway following the government's vow to heal the country. Tax Manager Slindile Phakathi explains what's up with the new mandatory lifestyle audits from SARS, which will soon be compulsory for all national and provincial departments.
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Silindile Phakathi
April 17, 2023
Algorithms are the future of data processing, creating endless possibilities for businesses of all walks of life. Director Muhammad Umar Karim explains how to implement algorithms in your enterprise, and benefit from their potential.
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Muhammad Umar Karim
April 17, 2023
South Africans have been told to brace themselves for more increase in petrol prices, just when we were digesting the shock of the rise in electricity costs. It is all downhill from here.
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April 17, 2023
Tesla and former Paypal bad-boy Elon Musk has recently taken the bull by the free-speech horns after cementing his leadership at Twitter. BPO Manager Kavika Singh explains the straight-out-of-a-textbook hostile takeover that's been making headlines.
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Deepika Naidoo
April 17, 2023
In an interview with the International Accounting Bulletin, PrimeGlobal CEO, Stephen Heathcote, looks back on the association's remarkable growth in the Asia Pacific region over recent years. . .
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April 17, 2023
Now more than ever, South Africans are becoming business owners. But it's more complex. Audit Trainee Bongani Shibase gives us a rundown on how to save your start-up from failing like the others.
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Bongani Shibase
April 17, 2023
Following the passing of renowned South African economist and activist Vishnu Padayachee, author of Blacks in Whites: A Century of Cricket Struggles in KwaZulu-Natal, our director Suresh Naidoo reflects on his cousin's lessons on sport in the face of adversity.
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Suresh Naidoo
April 17, 2023
Digitalisation is the use of digital technologies to change a business model and provide new revenue and value-producing opportunities.
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Muhammad Umar Karim
April 17, 2023
Tongue-in-cheek alert! Here's a message for baby boomers: it's time for zoomers in the workforce. Trainee Accountant Mumtaaz unpacks the fears and concerns that have created a divide between Generation Z and Baby boomers."It's not long until corporate goes Ka-Boom and Generation Z zooms in!"
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Mumtaaz Khan
March 19, 2024
"Help! new dad here, isn't there like a guide for this or something?" Our colleagues were excited to hear about the news of a new dad in our office! BPO Accountant Siyabonga Kubeka shares his thoughts on being a dad and gets real about how to navigate fatherhood from a first-timer.
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Siyabonga Kubeka
April 17, 2023
Consumers’ passions to live more socially conscious, environmentally responsible lives has seeped deeper into the corporate world, where companies are now expected to address their impact on these societal issues with the same level of enthusiasm as its customers and investors.
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April 17, 2023
Your reality has gone virtual, so what's next? Financial Manager Kavika Singh explores the metaverse's potential, and what that could mean for the world. #Accensis #themetaverse #virtualreality
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April 17, 2023
The people, tech, trends, and strategies enable investors to prepare for their long-term financial future. Non–fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream. So, what's behind this latest trend?
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April 17, 2023
We have all read about the benefits of exercise for young professionals, but what does this look like? Audit trainee and former Miss SA finalist Noxolo Mbutho shows us how you can use exercise as one of the many ways to cope in the work place.
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Noxolo Ndebele
April 17, 2023
This is a Thought Leadership article by PrimeGlobal member firm Buzzacott which reviews whether it is the right time to invest in cryptocurrencies.
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April 17, 2023
Breakthrough is an accessible and authoritative account of the power struggles and secret talks that led to the formal negotiations between the ANC and the NP government, written by Mac Maharaj and Z. Pallo Jordan, two ANC veterans who were close to these events.
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April 17, 2023
Feeling peckish? our colleagues came together with the their most popular plant-based recipes this #WorldVeganDay. From tofu to chia seed pudding, have a taste of our culinary faves!
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Deepika Naidoo
April 17, 2023
As we continue to chat about the changes in the corporate world, we look at why the young workforce wants to see a change in attitude towards ESG - the environment, society and governance. Director Muhammad Umar Karim discusses the millennial workforce and companies' growing need for transparency.
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Muhammad Umar Karim
April 17, 2023
Did you know that your business needs an Information Officer? Following the introduction of The Protection of Personal Information Act in 2021, Audit Manager Xolane Makhubu gives you the run down on everything you need to know about the POPI Act for your business.
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April 17, 2023
Statistics, the grammar of science, indicate interesting facts from insurance companies in light of the coronavirus pandemic and the recent KZN flooding. Audit manager Kilisia Moodley explains the trend behind climbing insurance claims.
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April 17, 2023
South Africa has set itself lofty goals to fix climate change decay. After the hurdles of the KZN floods, load shedding and last year's looting, BPO manager Kavika Singh says there are answers to becoming sustainable in the face of adversity.
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April 17, 2023
In the past month, there have been several reports of businesses being compromised by malicious emails. It only takes one member of your staff to click a bad link for hackers to access your network and data.
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April 17, 2023
The Covid-19 pandemic has changed humanity - including the culture of our current work force. HR manager and specialist Noorain Manjoo does a deep dive into the root cause of 'The Great Resignation' and what employers can do to fight this phenomenon.
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Noorain Manjoo
April 17, 2023
Listed entities know the value of their company by reference to the share price on the stock exchange(s) that they are listed on. The directors then make decisions that will enhance the value of the shares and will avoid making any decisions that will devalue the shares in any way.
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Suresh Naidoo
April 17, 2023
Accensis recently had pleasure in announcing the appointment of Mr Muhammad Umar Karim as director from 1 September 2021...
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April 17, 2023
We all have expectations at our job, but what happens when we are thrown a curve ball? Assistant Audit Manager Xolani Makhubu gets it. Figuring things out in the workplace can be challenging - here's his guide to dealing with the unforeseen.
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April 17, 2023
Saddled with the diagnosis of stage 3 lung cancer ten years ago, director Suresh Naidoo reflects on his journey of lessons and recovery after his encounter with 'The Big C'.
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Suresh Naidoo
April 17, 2023
If you've lived under a rock or are just unaware of what's had the internet by storm, the world is obsessed with the latest in blockchain news – NFTs. Cryptocurrency fans and art enthusiasts alike have been curious about the latest online investment.
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April 17, 2023
As the Russian-Ukrainian conflict wages on, petrol prices remain, undoubtedly, a concern. Audit manager Loshnee Moodley explores the socio-economic complexities of the unstable global fuel supply.
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April 28, 2023
Meet Zamokuhle Majola, an accountant trainee in her second year. She explores the difficulties in transitioning in the work space: from student to intern, to junior and then senior, Zamo gets real about the growing pains that come with being an accountant in our new series of articles #InternshipLife, introducing you to the young and vibrant people of Accensis.
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Zamokuhle Majola
April 17, 2023
South Africa is the 14th largest greenhouse gas emitter in the world. The main contributors being the energy and heat, transport and manufacturing and construction sectors. This is rather concerning considering the current heightened awareness around conservation initiatives to save our people and planet...
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April 17, 2023
Being a pageant queen is more than about the looks, it is personal development and finding your purpose.
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Noxolo Ndebele
April 17, 2023
The COVID-19 Pandemic has changed the way we work. With many businesses struggling to find the right balance between working from home and flexible work arrangements...
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April 17, 2023
When I heard the testimony of Ashwell Prince, Paul Adams, and the other brave cricketers, it resonated with me in a deep and moving way...
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April 17, 2023