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Wednesday 31 May 2023 was an important day for the South African auditing profession and its stakeholders.
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The decision by the Monetary Policy Committee of the SA Reserve Bank (SARB) to raise the repo rate should not have come as a major surprise.
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The collapse of Silicon Valley Bank and Signature Bank raises fears that rising interest rates will destabilise the economy.
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The rapid fall of FTX makes clear that better regulation is necessary to protect investors and reduce crime in the cryptocurrency market.
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The outlook for the world economy next year doesn’t inspire optimism.
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A possible greylisting for South Africa if its anti-money laundering and terrorist financing shortcomings are not addressed.
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The war in Ukraine has sparked doomsday predictions about the end of globalisation, but Wharton’s Exequiel (Zeke) Hernandez says the dependencies countries have on each other are here to stay.
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The widespread adoption of digital technologies and increased mainstream acceptance of cryptocurrency protocols and blockchain applications are poised to irrevocably alter the banking industry.
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South Africa has a limited window of opportunity to reset the economy and build a stronger base for sustained long-term growth.
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In challenging economic circumstances Finance Minister Enoch Godongwana displayed a safe pair of hands in navigating SA’s public finances towards debt stability and fiscal sustainability in the immediate future.
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