Tag: University of Johannesburg (UJ)

“I am from a poor family, somewhere in Africa”. Many Africans recognise themselves in this story. Success rarely belongs to one individual. It often emerges as a collective achievement. Someone sacrificed school fees, someone shared food and someone walked beside you through hardship. Grandparents became parents. Aunts became mothers. Older siblings became providers. Communities invested in one child because they hoped everyone would eventually rise. Consequently, success carries expectations.

Parliament tabled the 2025 budgets on 19 February 2025, but they were not approved. The budgets proposed a 2% increase in the Value Added Tax (VAT) rate. The proposal suggested raising the VAT rate from 15% to 17%.

The only constant in a tech-driven world is change. Rapid advances in technology are driving change in the workplace. To remain competitive, businesses are having to implement new strategies that include technology, upskilling their workforce, employing agile leaders and promoting a culture of lifelong learning among managers and other employees.

According to QuickBooks, there are already more than 700 apps that are assisting accountants to automate processes and reduce their workload. Gone are the days where accountants can be mere number crunchers, who collate and check data and allocate it to the correct cost centre. The future accountant will have transformed her/himself into a financial advisor, adding value to businesses by offering strategic advice, consulting and financial planning.