How can your skills as a Business Accountant empower Spaza Shops and Informal Traders to comply with the new registration requirements December 2024

Available from

3 December, 2024

CPD

Course Category:

Accounting

Level:

Moderate

This webinar explores how business accountants can assist spaza shop owners in navigating these challenges, ensuring compliance, enhancing financial management, and unlocking opportunities for sustainable success. December 2024

Category: Accounting

Not Available

Product Information

What you will learn

Attending this webinar will equip you with the following skills:

- - Understanding Regulatory Requirements:
    1. Importance of registering with municipalities within 21 days.
    2. Overview of licensing, zoning laws, and health standards.
  - Offering Tailored Accounting Services fit for the type of business and the infrastructural challenges:
    1. Record-keeping essentials for informal traders.
    2. Stock management and handling incomplete records.
    3. Tax compliance and financial reporting for growth and sustainability.
  - Building Sustainable Businesses:
    1. Benefits of formalizing a spaza shop.
    2. Accessing funding opportunities and government support programs.
    3. Practical tools to enhance operations and profitability.

Information

Format: Recording of Online Live Streamed event
Recording: Loaded to your CIBA Academy profile

Description

The announcement by President Ramaphosa on the regulation of the Spaza shops brings with it major frustrations to the Spaza owners as they see this as an unnecessary red tape. Spaza shops and informal traders are cornerstones of South Africa’s township and rural economy, providing essential goods and fostering entrepreneurial opportunities. However, regulatory requirements, financial challenges, and operational inefficiencies often hinder their growth. This webinar explores how business accountants can assist spaza shop owners in navigating these challenges, ensuring compliance, enhancing financial management, and unlocking opportunities for sustainable success.

Price

The following pricing apply:

Adhoc: R0.00

Content

Legislative requirements
Where and how to register
Who should register
Nature of the spaza and informal trade
Assisting the trade from Zero to Hero
Financial reporting and budgeting

Certificate

The following CPD is awarded 2 Units Accounting.

Requirements

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date.

Presenter

Faith Ngwenya

Faith Zandile Ngwenya is a seasoned professional in accounting, education, and leadership, holding a Master of Accountancy degree from the University of KwaZulu-Natal, along with Honours in Accounting BCom degrees from the University of South Africa and the University of Zululand. She is a Professional Accountant (SA) with SAIPA, completed the Chartered Certified Accountant qualification through ACCA (UK), and a member of several prestigious organizations, including the Institute of Directors (IOD) and ABASA.

Faith’s career spans roles at Unilever SA, Mangosuthu University of Technology, and the University of Johannesburg. She notably served as the Technical & Standards Executive at the South African Institute of Professional Accountants (SAIPA) for 13 years, before taking on the position of Managing Director of the Centre of Future Excellence (CoFE) until her departure from SAIPA in May 2024. Faith currently is an Independent Contractor engaged by the Chartered Institute of Business Accountants in their Technical, Education and Professional development units.

She has contributed to various national and international bodies, including IFAC’s Small and Medium-sized Practitioners Advisory Group, the Pan African Federation of Accountants (PAFA) Technical Advisory Groups, and the Association of Broad-based Black Economic Empowerment Professionals (ABP). Currently, Faith chairs the Fasset Working Committee and Hand in Hand Southern Africa (NPC).

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