Global concerns over declining trust in financial reporting are rising, with the 2024 ACFE Report estimating that organisations lose 5% of annual revenue to fraud, while Deloitte’s 2024 Ethics Survey warns that public confidence in corporate disclosures continues to weaken. These issues come into sharp focus as finance leaders gather in Mombasa for the ACCA Africa Members' Convention.

Thami Ngubeni spoke to the Global President of ACCA, Melanie Proffitt, on how the profession can strengthen ethics, rebuild trust, and respond to growing misinformation.

Global concerns over declining trust in financial reporting are rising, with the 2024 ACFE Report estimating that organisations lose 5% of annual revenue to fraud, while Deloitte&rsquo;s 2024 Ethics Survey warns that public confidence in corporate disclosures continues to weaken. These issues come into sharp focus as finance leaders gather in Mombasa for the ACCA Africa Members' Convention.
Thami Ngubeni spoke to the Global President of ACCA, Melanie Proffitt, on how the profession can strengthen ethics, rebuild trust, and respond to growing misinformation.

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Concerns over declining trust in financial reporting raised at the ACCA Africa Members' Convention

South Africa's Health Minister, Aaron Motsoaledi, responding to parliamentary questions, says the removal of medical-aid tax credits is provided for in the National Health Insurance Act (NHI Act). Motsoaledi emphasised that the Act does not compel medical-aid members to abandon their schemes, and individuals can legally remain on private medical aid even if the tax credits are withdrawn. This follows the health department’s revelation that it is in talks with National Treasury to phase out the medical-aid rebate and redirect the ‘savings’ towards the NHI. Thami Ngubeni spoke to Thoneshan Naidoo, CEO of the Health Funders Association (HFA).

South Africa's Health Minister, Aaron Motsoaledi, responding to parliamentary questions, says the removal of medical-aid tax credits is provided for in the National Health Insurance Act (NHI Act). Motsoaledi emphasised that the Act does not compel medical-aid members to abandon their schemes, and individuals can legally remain on private medical aid even if the tax credits are withdrawn. This follows the health department&rsquo;s revelation that it is in talks with National Treasury to phase out the medical-aid rebate and redirect the &lsquo;savings&rsquo; towards the NHI. Thami Ngubeni spoke to Thoneshan Naidoo, CEO of the Health Funders Association (HFA).

Debate continues over removal of medical-aid tax credits ahead of South Africa's National Health Insurance Act

As part of South Africa's 16 Days of Activism against Gender-Based Violence, the Nedbank Group is running a campaign to highlight financial abuse against women. The bank notes that financial abuse is often overlooked, yet features in up to 99% of domestic abuse cases. Nedbank says such abuse can take many forms, including restricting access to bank accounts, withholding income, or sabotaging employment opportunities. Thami Ngubeni spoke to Ramotse Phalatse, Design Strategy Executive at Nedbank.

As part of South Africa's 16 Days of Activism against Gender-Based Violence, the Nedbank Group is running a campaign to highlight financial abuse against women. The bank notes that financial abuse is often overlooked, yet features in up to 99% of domestic abuse cases. Nedbank says such abuse can take many forms, including restricting access to bank accounts, withholding income, or sabotaging employment opportunities. Thami Ngubeni spoke to Ramotse Phalatse, Design Strategy Executive at Nedbank.

Nedbank highlights financial abuse against women during 16 Days of Activism against GBV

New concerns about South Africa's financial skills shortage and the country’s ability to retain critical talent have emerged from a high-level discussion among senior finance and accounting leaders in Mombasa, Kenya. Experts warned that without stronger investment in digital and professional skills, the country risks falling further behind global standards. Channel Africa's Lebogang Mabange reports.

New concerns about South Africa's financial skills shortage and the country&rsquo;s ability to retain critical talent have emerged from a high-level discussion among senior finance and accounting leaders in Mombasa, Kenya. Experts warned that without stronger investment in digital and professional skills, the country risks falling further behind global standards. Channel Africa's Lebogang Mabange reports.

Concerns over declining trust in financial reporting raised at the ACCA Africa Members' Convention

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