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More than three-quarters of South African employees would use a wearable device in the workplace: PwC survey


New research from PwC shows that more than three-quarters of South African employees would consider wearing a wearable device, such as a smartwatch, from their employer if the data was used to improve their conditions in the workplace.

Transfer Pricing documentation to become compulsory for large taxpayers


Transfer pricing documentation for large taxpayers will soon be compulsory, rather than simply preferred best practice. However, the additional record-keeping requirements proposed by the South African Revenue Service (SARS), relating to cross-border transactions carried out by South African multinational companies, may be overly burdensome and costly, warns PwC International Tax Services.

African Capital Markets continue to reflect strong figures for 2015 – but challenging times may lie ahead


PwC released its 2015 Africa Capital Markets Watch publication today, which analyses equity and debt capital markets transactions that took place between 2011 and 2015 on exchanges throughout Africa, as well as transactions by African companies on international exchanges. Equity capital markets (ECM) transactions included in the analysis comprise capital raising activities, whether initial public offerings (IPOs) or further offers (FOs), by African companies on exchanges worldwide, as well as those made by non-African companies on African exchanges. Debt capital markets (DCM) transactions analysed include debt funding raised by African companies and public institutions.

SA’s boards under pressure to ensure they have specialised skills and expertise: PwC NEDS report


Worldwide, boardroom agendas are changing, with many additional focus areas being added to the agenda, such as corporate governance, sustainability, environmental issues, wider stakeholder pressures and cyber security. Never before in corporate history have businesses been faced with so many risks.

A new home for PwC in KZN


Professional services firm PwC today announced that it had relocated to a new purpose-built building in the Ridgeside Office Park in La Lucia, on 4 January 2016. The new building visibly and tangibly positions the firm as the market leader it is, with our clients and people.

SA’s CEOs less optimistic about global economic growth


Worldwide, just over a quarter of CEOs believe global growth will improve over the next 12 months, and only over a third are confident in their companies’ ability to achieve revenue growth over the coming year, according to PwC’s 19th global Annual CEO Survey.

SA’s banking sector concerned about uncertainties in macro-economic environment, overregulation and criminality, according to PwC Study


Every two years the Centre for the Study of Financial Innovation (CSFI) produces the survey in association with PwC, which ranks 24 of the industry’s most topical risks based on participant’s responses. The study is based on responses from more than 670 bankers, banking regulators and close observers of the banking industry in 52 countries, including 14 from South Africa.

A new era of lease accounting


The new lease accounting standard (IFRS 16 – Leases) will require lessees to bring most leases onto companies’ balance sheets. It has been an area of hot debate for many years whether leases should be on or off balance sheet.

Ten years of global reductions in tax compliance burden for companies, increasingly driven by electronic reforms


Paying taxes has become easier for medium sized companies globally, but the focus has moved from reducing tax rates for companies to embracing technology and relieving their compliance burden. The PwC report shows that low-income economies continue to face the biggest reform challenges.

Once in a lifetime opportunity for Africa to solve food security crisis – PwC report


The PwC report outlines how the collapse in oil prices, a US$35bn continent-wide, structural food deficit and huge potential to lift output and productivity, have forced food security and agricultural development to the top of the political and economic agenda.

Africa and Asia identified as markets for growth and opportunity by SA wine businesses


Despite the challenges faced by wine businesses, the results of PwC’s ‘South African wine industry: Insights survey 2015’ highlight a number of positive findings and opportunities for the sector.”

South Africa’s gambling revenues projected to rise to R30 billion in 2019: PwC report


PwC has released its fourth annual edition on the gaming industry entitled ‘Taking the odds: Gambling outlook for 2015 - 2019 (South Africa – Nigeria – Kenya)’. The publication focuses on segments within the gambling industry with detailed forecasts and analysis. Each segment details the key trends observed as well as key challenges and future prospects.

SA’s construction sector faces a challenging year amidst labour constraints and mounting costs


South Africa’s construction industry faced a challenging year in 2015, marred by industrial action, substantial delays on projects, as well as questions raised around safety concerns on structural projects.

Momentum growing for better public accounting


Worldwide, governments are increasingly taking steps to improve their accounting and achieve greater transparency and better public finance management – amidst growing recognition that the accounting framework traditionally used by the public sector is not fit for the 21st century, according to a survey conducted by PwC on central governments in 120 countries

South Africa’s contribution to global decarbonisation goal amidst anticipation of the outcomes of the global climate deal for business


The seventh annual Low Carbon Economy Index models major economies’ carbon intensity - the measure of energy related greenhouse gas emissions per million dollars of GDP. It shows global carbon intensity has fallen by 2.7% in 2014, the steepest decline in seven years of the PwC analysis.