Tag: governance

Weak accountability, limited skills, and slow consequence management continue to undermine procurement reform. Despite years of regulatory efforts, irregular expenditure and procurement failures persist. These issues have eroded governance and public trust in South Africa.

In the African National Congress (ANC)’s annual “January 8 statement”, President Cyril Ramaphosa again placed fixing local government at the top of government priorities. This emphasis is not new. The president made the same point last year. He also referenced having said it before. The repetition matters. It signals that the challenge is no longer about intent. Instead, it is about execution and delivery in fixing local government.

What if South Africa were managed like a company in crisis? Not for profit, but with the discipline, transparency and urgency that turnaround leadership demands. This question sits at the heart of The Bottom Line. In The Bottom Line, Chartered Accountant and strategic finance leader Yusuf Bodiat applies a CFO’s mindset to the country itself. He treats South Africa Inc. as a complex organisation.

Succession planning and integrating the next generation remain critical and challenging issues for many family businesses. Without a thoughtful and structured approach, business owners risk undermining their legacy. They also risk weakening the long-term sustainability of the enterprise. This happens when family, ownership, and business systems are not prepared for the transition.

The recent Checkers "Simple Truth" campaign, featuring British chef Jamie Oliver, Springbok rugby stars Pieter-Steph du Toit and Trevor Nyakane, and former Carte Blanche anchor Devi Sankaree Govender, has sparked discussion. The debate extends beyond marketing to governance.

With the growing challenges of fraud in today’s complex operational environments, organisations require a rigorous and adaptable framework to protect themselves against risks. ISO 37003 emerges as the new international standard specifically designed to offer comprehensive guidance for developing, implementing and maintaining a Fraud Control Management System (FCMS).

Africa sits at a crossroads. The continent is rich in natural resources, faces growing energy demand and urgently needs modern infrastructure. Yet translating this potential into sustainable, long-term development is rarely straightforward. For developers, oil and gas operators, governments and financiers, success depends on more than mere resource availability.

The announcement by Tesla of the 2025 CEO Performance Award for Elon Musk signals nothing less than a reckoning with a fundamental question. What does it really cost to secure not just a top executive, but a visionary? As the board persuades shareholders to “vote yes to robots, and reject robotic voting”, the Tesla CEO pay package forces a stark trade-off.

Data, like oil or minerals, is a vital resource. Who owns it is critical, especially as it fuels the Artificial Intelligence (AI) revolution. Sovereign AI goes far beyond countries merely owning their data. It focuses on control. It ensures that AI aligns with national cultural, ethical and legal frameworks. This approach guarantees that AI works for people and not the other way around.

In a landmark development for South Africa’s tertiary education landscape, the Department of Higher Education and Training (DHET) has officially gazetted the Policy for the Recognition of South African Higher Education Institutional Types (Government Gazette No. 53515, 17 October 2025).