Marketable securities are the end result of the securitisation process. An often neglected implication is that this resulting security can be commercial paper, not only long-term bonds. This paper investigates the asset backed commercial paper market in South Africa and shows how it is an...

On 5 July 2012 the South African National Treasury released its draft Taxation Laws Amendment Bill, which included the proposed insertion of section 24JB into the Income Tax Act. The proposed section will require all banks, company members of the JSE Securities Exchange (stockbrokers) and hedge...

Accounting (specifically fair value accounting) has been named by some as a role player in the financial crisis. The defensive argument that accounting is only a messenger ignores the important roles of accounting in banking and bank supervision. A second related argument is that prudential...

There is a national drive to increase PhD production, yet we know little about how this imperative takes shape within different disciplines. We therefore set out to explore recent developments and the current status of the PhD in economics at four South African research-intensive universities. A...

The ongoing London Interbank Offer Rate (LIBOR) scandal has contributed to a general distrust in banks. Regulators from across the world are investigating for similar problems in their local markets. South African regulators were quick to report that the Johannesburg Interbank Agreed Rate...

Research findings on the role of fair value accounting (FVA) in the global financial crisis can be interpreted to find that FVA is not applied neutrally by banks. The results of FVA are accepted when they contribute to higher profits and are actively resisted when they lead to losses. The aim of...

Is there a shortage of CAs(SA) in South Africa as frequently claimed? An analysis of the membership records of SAICA and the real fixed salaries offered to newly qualified CAs(SA) indicate a likely oversupply

Purpose – This paper investigates the production of accounting doctorates in South Africa during the period from 2008 to 2014. The investigation was prompted by calls to qualify more academics at the doctoral level, bearing in mind that postgraduate supervision forms part of an academic's core...

Most researchers who investigate the interplay between fair value accounting (FVA) and the financial crisis look at the time period during the crisis. This paper investigates a potential role for FVA prior to the crisis: If FVA led to increased accounting profits with the recognition of...