Could Your Business Benefit from Turnover Tax? A qualifying business generating R2 million in revenue could pay as little as R30,500 in Turnover Tax. Understanding one of South Africa’s most underutilised tax opportunities for small businesses For many entrepreneurs, managing tax obligations can feel like a full-time job. Between serving customers, managing cash flow and […]
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The Seat at the Table: What Boards Expect from Internal Audit Reflections from the Bagaka Group x NRF 2026 Chief Audit Executives Leadership Forum At the Bagaka Group x NRF 2026 Chief Audit Executives Leadership Forum, the keynote address challenged Internal Audit to evolve from a compliance-focused function to a strategic partner. The first panel
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Internal Audit’s Strategic Evolution: A Reflection from the Bagaka Group x NRF 2026 CAE Leadership Forum At the Bagaka Group x NRF 2026 Chief Audit Executives Leadership Forum, one message stood out above all others. In his keynote address, NRF Chief Financial Officer and Group Executive: Finance & Supply Chain, Bishen Singh, challenged audit leaders
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Governance, Risk and Internal Audit Perspective on March on March Protests The recent March‑on‑March protests in South Africa, driven by opposition to the presence of illegal foreigners, have exposed significant vulnerabilities in organisational governance and risk management. In some cases, operations have been disrupted, particularly in markets and trading environments where foreign nationals form a
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The Nine Pillars of Internal Audit’s Strategic Role Internal audit is not merely a compliance mechanism; it is a strategic partner that strengthens governance, risk management, and organisational resilience. To achieve this role, at least the following nine pillars must be firmly established and consistently reinforced. 1. Board and Committee Support The strategic positioning of
Beyond the binary: structuring your internal audit function Internal Audit, together with other assurance providers, forms the third line of defence and has, strategically, proved its value over and over again. The existence of the function, to assess the adequacy and effectiveness of internal controls whilst also reviewing performance against strategic objectives, assures the Board
Internal Audit: The Safeguarder of Assets and Public Trust In governance circles, the phrase safeguarding of assets has long been associated with internal audit. Yet, in South Africa, this concept has matured beyond the protection of financial or physical resources. Today, it embodies the assurance that public funds are deployed effectively, ethically, and transparently. The
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Internal Audit: Introduction The beginning of May, recognized as Internal Audit Awareness Month, offers an opportunity to reflect on the strategic value of internal audit for all stakeholders. Far beyond its traditional compliance role, internal audit today is positioned as a partner in governance, risk management, and transformation. This article seeks to provide practical demonstrations
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Budget 2026: A Shift Toward Stability, Execution and Shared Growth Budget 2026 arrives at a defining moment in South Africa’s economic trajectory, a moment shaped as much by the difficult reforms of the past five years as by the renewed confidence reflected in stabilising debt, narrowing deficits and improved credit ratings. This Budget is not
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Strengthening Internal Audit Governance: Implementing Domain III of the 2025 Global Standards The 2025 Global Internal Audit Standards (GIAS) introduce transformative changes to internal audit governance. Domain III emphasizes the critical role of leadership and oversight in ensuring audit independence, strategic alignment, and operational effectiveness. Strong governance not only enhances risk and compliance auditing but
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