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The amendments to the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs) which are effective from annual periods beginning on or after 2017 are likely to reduce the cost of producing financial statements for SMEs.


Johannesburg, Monday 28 August 2017 – At 55.9%, South Africa’s youth unemployment statistics are the highest they have ever been. Stats SA’s Quarterly Labour Force Survey says this means that over three million young South Africans between the ages of 15 and 24 are currently unemployed.


The Amended Codes of Good Practice issued under section 9 of the Broad-Based Black Economic Empowerment (B-BBEE) Act (Act No 53 of 2003, as amended) came into effect on 1 May 2015.

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