Wednesday 31 May 2023 was an important day for the South African auditing profession and its stakeholders.

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.

The collapse of Silicon Valley Bank and Signature Bank raises fears that rising interest rates will destabilise the economy.

The rapid fall of FTX makes clear that better regulation is necessary to protect investors and reduce crime in the cryptocurrency market.

The outlook for the world economy next year doesn’t inspire optimism.

A possible greylisting for South Africa if its anti-money laundering and terrorist financing shortcomings are not addressed.

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.

The widespread adoption of digital technologies and increased mainstream acceptance of cryptocurrency protocols and blockchain applications are poised to irrevocably alter the banking industry.

South Africa has a limited window of opportunity to reset the economy and build a stronger base for sustained long-term growth.

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.