VALUE CREATION

OUR STRATEGY, PERFORMANCE AND IMPACT

Legend

Expectations met Improvement required Worsening Improving Stable

Government

How we engage, their role in value creation and how we address these interests

Strategic Pillars
Material Matters
Their material interests
  • Well-functioning capital markets
  • Transforming the profession in line with the national context
  • Appropriate fiscal and tax policy and fiscal and monetary legislation that achieves fiscal policy intention
  • Identifying opportunities to support the National Development Plan, particularly eliminating corruption and providing accounting support for African entrepreneurs and emerging small businesses
How we engaged
  • Public hearings, meetings, and written submissions
  • Advancing the professionalisation of the public sector through engagements with the Accountant General
  • PwC Government and Public Sector Summit
  • CIGFARO Public Sector Risk and Audit Indaba
  • KZN Public Sector Young Professionals Summit
How we addressed these interests in 2024
  • Reviewing of budget, fiscal policy proposal and draft legislation and submitting comments and proposals to enhance the policy and legislation in achieving its objectives
  • Launched the Professionalisation of the Public Sector Plan
  • Engaged with AGSA, SAIGA, and IESBA on consultant use, career mobility, and firm culture, strengthening collaboration to enhance public sector impact and advocate for South African perspectives internationally
  • Key initiatives included publishing Career Mobility Research, producing videos on public sector understanding, and hosting workshops for public sector officials
  • A public sector guidance document for academia is also in development, with contributions from 14 academic members
Risks / opportunities
  • Fiscal and tax policy is inappropriate, creating fiscal shortfalls and undermines the macroeconomic conditions in South Africa
  • Creating a partnership between members and government to enhance fiscal policy design and economic outcomes
  • Expand collaboration between government and members to more strategic and long-term policy design engagement platforms
Strategic response
  • Forge good relationships with government bodies
  • Explore opportunities to play a leadership role in addressing key challenges facing the country
  • Engagement and debate on Global Minimum Tax Bill 2024 (BEPS 2.0)
  • Engagement and debate on Budget 2024 proposals
Key metrics and objectives tracked to monitor value delivered
  • Government engagement score = 88% (FY23: 83%)
  • Value delivered
Pottery Icon
RECALIBRATE REIMAGINE RENEW
Firms