How Tax Changes in the 2021 Budget Speech will Effect you

Minister of Finance, Tito Mboweni, delivered this national budget speech in Parliament yesterday Wednesday, 24 February 2021. Although his speech was overall positive, in light of the challenges we all face at the moment, the following Tax changes will be implemented over the next couple of months.


The maximum marginal rate for natural persons remains at 45% and is reached when taxable income exceeds R1,656,600 (previously R1,577,300).

The minimum rate of tax remains at 18% on taxable income not exceeding R216,200 (previously R205,900).

The primary rebate for all natural persons has been increased to R15,714 (previously R14 958). The additional rebate for persons aged 65 years and older is increased to R8,613 (previously R8,199).  Persons aged 75 and older are granted a further R2,871 (previously R2 736).

The tax-free portion of interest income remains at R23 800 for taxpayers under 65 years, and R34 500 for persons aged 65 years and older.  In addition, the dispensation of the tax-free saving for other investments, including collective investment schemes, became operative 1 March 2015 and remains at R36,000 per tax year.

Local dividends tax remains at a flat 20% rate which was effective 22 February 2017.

Foreign dividends also remain effectively taxed at a flat rate of 20%, but this may be reduced in terms of Double Tax Treaties.

The Section 10(1)(o)(ii) exemption for foreign employment income of tax residents effective 1 March 2020 remains at R1,25 million.


The rate of normal tax remains at 28%, with the final withholding dividend tax remains at a flat rate of 20%.

Tax-Exempt bodies (e.g., Retirement Funds) will suffer no withholding tax upon production of a tax exemption certificate.

Corporate income tax rate is set to drop from 28% to 27% for companies with years of assessment commencing on or after 1 April 2022.


The flat rate remains at 45%, although distributions in the same tax year are taxed instead in the beneficiary’s hands.


Tax liability is as follows:

Under 65 years:             R  87,300      (previously R  83,100)

65 to 74 years:               R135,150        (previously R128,650)

75 years and older:       R151,100        (previously R143,850)


Taxable income (R)                 Rates of tax

1 –    216,200              18% of taxable income

216,201 –    337,800              R  38,916 + 26% of taxable income above R  216,200

337,801 –    467,500              R  70,532 + 31% of taxable income above R  337,800

467,500 –    613,600              R110,739 + 36% of taxable income above R  467,500

613,601 –    782,200              R163,335 + 39% of taxable income above R  613,000

782,200 – 1,656,600              R229,089 + 41% of taxable income above R  782,200

1,656,601 and above                R587,593 + 45% of taxable income above R1,656,600



Primary                                               R15,714          (previously R14,958)

Secondary (Age 65 and over)          R  8,613          (previously R  8,199)

Plus (Age 75 and over)                      R  2,871          (previously R  2,736)


The rate of estate duty and donations tax remains at 20% for dutiable estate amounts of R30 million or less and increases to 25% for dutiable estate amounts over R30 million.

The estate duty abatement (exempt threshold) remains at R3,5 million per person and a surviving spouse may also benefit automatically from any unused deduction in the first dying spouse’s estate.

There is a similar treatment of Donations Tax namely 20% for donations of R30 million or less and increases to 25% for donations over R30 million.

The first R100 000 of amounts donated in each tax year by a natural person remains exempt from donations tax. Donations between spouses are fully exempt.


The annual capital gain exclusion for individuals remains at R40 000. The primary residence exclusion from capital gains tax remains at R2 million. The capital gain exclusion at death remains at R300 000.

The effective rate of CGT is the range of 7.2% to 18% for individuals, 22,4% for companies, and 36% for Trusts, although correctly structured Trusts can result in the individual rate being applicable.


The rates remain. A 3% rate applies between R1 000 000 and R1,375 million, 6% between R1,375 million and R1,925 million, 8% between R1,925 million and R2,475 million, 11% between R2,475 million and R11 million, and 13% thereafter.


As of 1 March 2016, all retirement funds (pension, provident, and retirement annuity funds) are treated similarly for tax contribution deduction purposes.

The tax deduction formula of 27,5% per annum (with a cap of R350 000) of the greater of taxable income and remuneration applies to members of all retirement funds, including provident funds.


Taxpayers may in determining tax payable deduct monthly contributions to medical schemes (a tax rebate to be known as a medical scheme fees tax credit) up to R332 for each of the taxpayer and the first dependant on the medical scheme and R224 for each additional dependant.

An individual who is 65 and older, or if that person, his or her spouse, or child is a person with a disability, 33.3% of qualifying medical expenses paid and borne by the individual and an amount by which medical scheme contributions paid by the individual exceed 3 times the medical scheme fees tax credits for the tax year.

Any other individual, 25% of an amount equal to qualifying medical expenses paid and borne by the individual and an amount by which medical scheme contributions paid by the individual exceed 4 times the medical scheme fees tax credits for the tax year, limited to the amount which exceeds 7.5% of taxable income (excluding retirement fund lump sums and severance benefits).

  1. VAT

The rate remains at 15%.  The compulsory VAT registration threshold remains at R1 million turnover per twelve-month period.


The offshore investment allowance remains at R10 million per adult person per calendar year.  Also, the R1 million individual single discretionary allowance remains.

As you can see there are a few tax changes that will have a direct influence on you and your business. We can help you to navigate the ever-increasing complexity of tax compliance through our tax services.

Contact us today to book a tax consultation.

Why we celebrate each milestone

“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbour. Catch the trade winds in your sails. Explore. Dream. Discover” – Mark Twain.

If you follow us on social media, you would have realised that we celebrate each birthday, if it is our firm’s or our building’s. We celebrate every victory, examination passed, and momentous moment of our staff. We celebrate holidays and vacation days. We celebrate our clients, our deadlines, and our goals. We rejoice in where the trade winds took us these last five years.

Starting our own accounting firm in Polokwane was a big risk for our partners. We sailed away from the safe harbour into the adventure of starting our audit and accounting company. We explored the open seas of being an independent, smaller firm, without the safety net of a recognized name.

But we dreamed of a company steered by core ethics, experienced leadership, and a staff that understood their value. Thus, Veritas was born.

We celebrate because when everything was against us, we created something special by starting this firm. We created something on our terms. Some of these celebrations might seem small when you look at the big picture, but each moment is really important to us and we will continue to celebrate year 5 or year 50 with the same enthusiasm.

Veritas is a company that treats its employees more like family and not like a number. We focus on building relationships between staff. The company has training programs, ample study leave, and personal feedback sessions to ensure that each employee reaches his or her full potential.

We have an annual growth of 30% each year in personnel, showing that investing in your employees is worth their weight in gold.

At Veritas our main focus is our clients. Each client is treated as an individual and not as income. They are more than a means to an end. We handle a variety of clients; big corporations, small home businesses, and individual entities. A comprehensive tailor-made solution is prepared for each client. We are a “one-stop-shop.”

Veritas is more than its bottom-line to the partners. Each one of us has poured our blood, sweat, and tears into building something incredible. This is a firm with a beating heart.

Through hard work and dedication to our workforce and clients, we have reached each goal set by the partners and the staff. These goals we all quickly discovered, in our first year already, needs to be bigger and more daring. For we had the team to reach them. We are constantly striving for new aims, new objectives, and new ideas.

Now five years later we own a building with the Veritas name proudly displayed, we have doubled in size and even opened a small satellite office in Cape Town.

The sky is truly the limit when you explore, dream, and discover and that is why we celebrate each milestone. Big and small.

5 Things to do to survive the Individuals’ Tax Season

The year 2020 has brought a lot of changes. Lockdown and Covid-19 have impacted every aspect of our lives. It has even changed the Benjamin Franklin quote: “There are only two things certain in life: death and taxes.” By moving the 1 July opening date to 1 September.

Filing seasons this year is as follows:

  • 1 September to 16 November for taxpayers who file online;
  • 1 September to 22 October for taxpayers who file at the SARS branch. This is by appointment only; and
  • 1 September to 31 January 2021 for provisional taxpayers who file electronically.

South African Revenue Services (SARS) also implemented its auto-assessment system this year. But what does it mean when SARS auto-assesses your tax? It means SARS is essentially auto filing your tax return. Qualifying individuals would have received an SMS from SARS and if they agree with the outcome, they do not have to file a tax return at all.

The due date to accept or change this auto-assessment was 31 August 2020. If there was no response from those individuals who received an SMS, SARS will then queue this assessment as a normal assessment for which a return must be completed and submitted to SARS.

If you did not receive an SMS from SARS or you did not accept or reject their assessment, please read on.

This year is a challenge, but your taxes do not have to be. We, at Veritas, decided to make this tax season a breeze by compiling our 5 must-know tips for filing season.

Get through the tax season with ease by following our 5 tips below.

  1. Get all your ducks in a row

Firstly, to ensure a smooth tax return filing experience get all your tax documentation and matters in order. Make sure that you have received your IRP5/IT3(a)s and other tax certificates like medical certificate, retirement annuity fund certificate, and other 3rd party data that is relevant in determining your tax obligations. This includes information from employers, financial institutions, medical schemes, retirement annuity fund administrators, and other 3rd party data providers.

Also, remember to have your logbook indicating all business kilometres travelled with details regarding where you travelled and why you travelled.  Business kilometre costs can be tax-deductible if you have a travel allowance as part of your remuneration package.

Third-party information can include; banks for interest paid, medical aids for contributions, and also the amounts of claims not yet paid out. This also includes information received from financial institutions regarding your contributions to retirement funding schemes.

If you have not yet received your IRP5/IT3(a)s and other tax certificates, you should immediately approach your employer, medical scheme, retirement annuity fund, or other 3rd party data providers and request the necessary documentation.

The above-mentioned documents are relevant in determining your tax obligations, as well as your deductibles.

  1. Know your deductibles

A tax deduction is a deduction that lowers your tax obligations by lowering your total taxable income. Knowing what these deductible expenses are and claiming these deductions, will have an impact on your tax return, your amount payable, and your refund.

Claimable deductions are charitable contributions, work-related education expenses, additional traveling costs incurred, and/or additional medical costs that you paid for yourself that qualify for a deduction.

This year because of lockdown, a lot of us worked from home. Some have moved their office to their home office permanently. Business use of your home is a huge deduction and should be applied where applicable.

Ensure that you have your proof of income and documentation for tax-deductible expenditure readily available.

  1. SARS

Our third tip is all about SARS. SARS has made filing your tax return a streamline and online process. Firstly, make sure you have your tax number. You can contact SARS for confirmation of this number.

Secondly, login to the eFiling or MobiApp. Reset your eFiling username and password if you have forgotten them. Update your personal information such as banking details, addresses, and contact details online. If you do not have a profile on the eFiling or SARS MobiApp, register your profile now to ensure a smooth filing experience.

This will enable you to file online from the comfort of your home or place of work by using the eFiling or SARS MobiApp.

If you prefer to file in person, filing in SARS branches can only happen by appointment, because of Corona and lockdown regulations. Be sure to phone in advance and book your slot.

  1. The sooner you start, the sooner you are done

Taxpayers who file at the SARS branch have until 22 October to file and taxpayers who file online have until the 16th of November 2020. But we say, the sooner you file the sooner you will be compliant. Do not wait until the last second to file.

As you have seen with our first two tips, there is a lot of information to gather and confirm. Get your documentation ready, indicate your deductibles, fill out the right information, and file by using the eFiling or SARS MobiApp. Or, by filing in person at any SARS branch.

  1. Call in the professionals

This might be the most important advice we can give you. Call us! We do taxes for a living. There is no shame in passing the buck to someone else, especially if that person has a degree in tax to back them up.

Contact us for a tax consultation.

Remember your tax matters and will make a difference.

Happy filling everyone!

SARS Auto-assessment: An explainer.

South African Revenue Services (Sars) announced a few big changes to the individual tax season this year. The biggest one being the auto-assessment. But what does it mean when SARS auto-assesses your tax for the 2020 individual tax return season?

From 1 August to 31 August 2020, SARS will be assessing a significant number of taxpayers automatically. Essentially doing the filing of their tax return for them. Qualifying individuals will receive an SMS from SARS and if they agree with the outcome, they do not have to file a tax return at all.

Auto-assess are based on the data they receive from employers, financial institutions, medical schemes, retirement annuity fund administrators and other 3rd party data providers. SARS will then issue an auto-assessment based on the information supplied.

The taxpayer will receive a SMS from SARS indicating that there is an auto-assessment and that they should then login to SARS e-filing and either accept or change this assessment. The SMS received will direct the user to their eFiling or MobiApp profile to review, accept or edit the outcome.

If the taxpayer accepts the assessment and SARS owes them a refund it will be paid to them within 72 hours. If the assessment indicates that the taxpayer owes SARS, they have to settle this outstanding tax before the due date on the assessment.

All taxpayers should be very certain that the information used on the auto-assessment is correct and there are no deductions that could have been claimed by them in processing their income tax assessment.

If the individual agrees with the auto-assessment all they have to do is login and accept. If not, it should be changed based on available supporting documentation on hand. The taxpayer will remain liable should there be any relevant information omitted from the return. As such, it is imperative that these suggested auto-assessments be reviewed carefully and edited where necessary.

The due date to accept or change this auto-assessment is 31 August 2020. If there is no response by 31 August 2020, SARS will then queue this assessment as a normal assessment for which a return must be completed and submitted to SARS.

Please note that we as your tax practitioner, will not necessarily be aware of any auto-assessments issued by SARS.

We therefore request that you inform us immediately if you receive a notification that SARS has issued an auto-assessment notice to you. This will enable us to check if the auto-assessment is accurate and include all potential deductions.

We will continue to assist you in complying with the completion and submitting of your annual personal income tax return where we have done so in previous years. You need not do anything at this stage, other than inform us of any notice of auto-assessment notices issued by SARS and supply us with your annual tax information as usual.

Should you have any queries or concerns, feel free to contact Veritas and we will gladly assist.

COVID-19 and your business

National Lockdown and the corona virus have wreaked havoc on all our lives. We are worried about what the future holds for our families, country and business.

Luckily the Department of Small Business Development (DSBD) has announced some support and intervention initiatives for interim relief for small, micro and medium sized businesses.

DSBD is of the opinion that SMME’s will be affected on two levels, namely; economy slowing down, and the disruption of suppliers of products and services during the period of lock down and in the recovery phase after the lock down has been lifted or partially lifted.

To mitigate the impact during the expected economic slowdown, the department has finalised the SMME Support Intervention initiative, comprising a Debt Relief Fund.

How to register and apply for the debt relief fund/assistance for SMME’s:

  • All small, micro and medium enterprises (SMME’s) may apply for relief on existing debts and payments;
  • All applicants must demonstrate a direct link of the impact, or potential impact, of COVID-19 on the business operations;
  • Organisations wanting to apply for assistance from the Debt Relief Fund must register on the SMME South Africa portal at;
  • Complete online application form (to be released on Thursday, 02 April 2020); and
  • Upload required supporting documents.

Applicants will be screened by way of the following set of criteria:

  • The business must have been registered with CIPC by at least 28 February 2020;
  • Company must be 100% owned by South African Citizens;
  • Employees must be 70% South Africans;
  • Priority will be given to businesses owned by Women, Youth and People with Disabilities;
  • Be registered and compliant with SARS and UIF; and
  • Seda will assist micro-enterprises to comply and request for assistance must be emailed to;
  • Whereas small and medium enterprises must ensure own compliance;
  • Registration on the National SMME Database –
  • Proof that the business is negatively affected by COVID-19 pandemic;
  • Complete the simplified online application platform;
  • Company statutory documents;
  • FICA documents (e.g. Municipal accounts, letter from traditional authority);
  • Certified ID copies of directors;
  • 3 months bank statements;
  • Latest annual financial statements or latest management accounts not older than three months from date of application – where applicable;
  • Business Profile;
  • 6 months cash flow projections – where applicable;
  • Copy of lease agreement or proof ownership if applying for rental relief;
  • If applying for payroll relief, details of employees – as registered with UIF and including banking details – will be required as payroll payments will be made directly to employees;
  • SMME employers who are not compliant with UIF must register before applying for relief;
  • Facility statements of other funders; and
  • Detail breakdown on application of funds including salaries, rent etc.

SMME’s will have the option to ask for either financial assistance, or non-financial assistance, or both.

This facility will offer working capital, stock, bridging finance, finance to order material and supplies, equipment finance and the amount required will be based on the funding needs of the business.

The use of this database is based on the need to track, monitor and strengthen the impact of business development support to SMME’s by both government and the private sector, during this period and beyond.

Access information about business opportunities and market access support will become a future focus of this platform.

How can Veritas assist you to apply for relief:

  • Registration on the DSBD support website;
  • Uploading of supporting documentation;
  • Compiling your latest annual financial statements;
  • Compiling your latest management accounts; and
  • Assisting with 6 months cash flow projections.

It is hard not to worry in these troubled times, but the above mentioned initiatives prove that we will prevail.

Stay calm, stay safe and stay indoors. Together we will ride this wave to shore. Please contact any of the directors, managers or staff members at Veritas for assistance.

Interviews with our newly qualified personnel

It has been a fantastic week here at Veritas. We have two employees who have passed their final and last exams. Tumelo Mohlala has received his SAIPA qualification and is now a Professional Accountant. Tharien Botha passed here APC and is now a fully qualified Chartered Accountant.

The Veritas’ training program is something that is very close to the partners’ hearts. Educating, shaping and assisting the future of our profession is a calling for them. At Veritas our staff receive ample study leave, exposure to a variety of clients, sectors and on the job experience.

We believe our success depends on the success of our staff.

Read what they had to say about Veritas, exams and the meaning of their qualifications.

  1. Why did you choose Veritas to complete your training?

I chose Veritas because they value growth, they believe in the potential of their employees and go out of their way to ensure that as an individual you realise your full potential and discover your strengths.

  1. What does it mean to you to have your SAIPA qualification?

My SAIPA qualification means a lot to me. It has unlocked the door for me to be able to showcase my skills and abilities throughout the Finance industry.

  1. How did Veritas help you to complete your training?

They believed in me even when I had little faith in my abilities. They gave me enough room to make mistakes and learn from them. But, most importantly they allowed me to be myself throughout my training contract.

  1. Why did you choose Veritas to complete your training?

Initially I chose Veritas, because I knew that the directors had many years of experience. I knew I would gain valuable knowledge in my article years. It was only when I started working that I realized the various clients that one is exposed to and the exceptional on-the-job training they provide. I am therefore very grateful that I chose Veritas, because now I know it was one of the best decisions I made. I have learned so much.

  1. What does it mean to you to be a qualified CA(SA)?

To be honest, at this stage it hasn’t sunk in yet. I am still getting used to the idea, but I am very thankful that all the hard work and dedication has paid-off. It’s been a tough journey, but I had so much support throughout. Especially from Veritas which made the journey better.

  1. How did Veritas help you to become a CA(SA)?

When I started, I was immediately exposed to so many clients and felt that this assisted me in a great way with my final board exam. There were certainly a few difficult tasks, but the way that Veritas prepared me to think outside of the box, helped me immensely. I also had excellent support from my fellow colleagues and the partners, who always took time to check on me and wish me luck for the exams. Looking back at my decision to move to Veritas, it was certainly one of the best decisions I’ve made. It enabled me to learn so much more than I ever expected.

Congratulations to both of you. May this be the beginning of a long and prosperous career.


It is the end of the year, here you are, done with school or done with your degree. So what do you do, now? Now you look for a job with an employer who will treat you as more than a number.

This can be an intimidating task. It is important you know why you choose a workplace. Make a list of reasons of what is essential to you and your work life satisfaction.

There are thousands of reasons to choose Veritas Inc, from our amazing new office building to our competitive rates. Here are our top 10 reason why you should work for us.

Reason Number One : High Standards

Veritas is run by three highly trained professionals who have instilled a standard of quality over quantity. Each department has a qualified department head and dedicated training to ensure the whole company operates at the optimal level.

Reason Number Two : There is nowhere to go but Up

Veritas is only four years old and already a big player in the audit and accounting scene in Polokwane. The firm wants to ensure that you prosper in your career. You will be given a chance to grow, as they have grown.

Reason Number Three : We value Values

When working for Veritas a value system will be introduced to you. This system is used in our interaction with each other and with clients. Knowledge, Growth and Resilience are going to be your new favourite words.

Reason Number Four : Exposure to Various Clients

Being an audit, accounting and consulting firm we service a wide variety of clients. You will have the unique opportunity to experience different entities, industries and people. You will never be bored.

Reason Number Five : Experience in Spades

From day one you will be thrown into the deep end. It is the quickest way you learn to swim and you will swim in an assortment of pools. Because you are never treated as less then you will gain practical knowledge in your field.

Reason Number Six :  Ample Study Time

Veritas offers a comprehensive study leave schedule to ensure you are well prepared for your exam. We fund professional development courses so that you can compete at the highest level and be the best prepared.

Reason Number Seven : Not all Work and no Play

Here we believe in a Work/Life balance. We play as hard as we work. At Veritas you can become part of the Social Committee. A team dedicated to making the office fun. We celebrate birthdays and Valentine’s Day.  We compete against each other at Sport’s day and dance the night away at our Yearend Function.

Reason Number Eight : Community Engagement

Veritas believes in giving back to the community with our community engagement projects. This includes the variety of charities we support, our Nelson Mandela Day projects and business development in our community.

Reason Nine : A Client in most Provinces 

We might be small but our reach is across the country. At Veritas you will be given the opportunity to travel the country. We are not only accountants and auditors in Polokwane. You will spend time in Cape Town, Johannesburg and the bush veld. Sleep-away Audits are usually accommodated with nice hotels and great meals.

Reason Number Ten : We are a Family

Choosing Veritas means you choose a company that really care about their employee’s welfare.  They invest in their employee’s personal and professional growth. You will laugh, you will work hard and you will make an impact.

If these reasons spoke to you, be sure to visit our SuitUp profile ( and upload your CV. Become part of our winning team in 2020.

Interview with the Partners of Veritas Inc

When George, Christine and Derek decided to start their own firm, they wanted something special. They knew they wanted it to be more than a place where people work. Veritas was born out of a need for personal relationships; customised services and collaboration between employees and Veritas.

Veritas’ fourth birthday is right around the corner, on the 1st of July. With the approaching celebration, we decided to sit down with the team behind Veritas and asked them a few questions about what Veritas means to them.


Derek Venter

What does the word Veritas mean to you?

To me it means solid partnerships based on truth and integrity.

What value of Veritas is the most important to you? Why?

Teamwork.  I am always amazed at the value that can be created once our teams collaborate on a matter.

Which part of the job do you enjoy the most?

Working with different clients and different team members creates opportunities to add value on a daily basis.  This keeps life interesting.


Christine Espach

What does the word Veritas mean to you?

To me, Veritas does not only mean truth, but also integrity and a passion for what we do.  Veritas is my home away from home.

What value of Veritas is the most important to you? Why?

Resilience – For me the ability to persevere during challenges is a key factor to success.

Which part of the job do you enjoy the most?

I love working with clients, being able to help with solutions to their problems.  I love crunching the numbers and making sense of the numbers on paper.


George Malan

What does the word Veritas mean to you?

Professional service with integrity

What value of Veritas is the most important to you? Why?

Teamwork.  Without the support of our most valuable asset, our staff, we will not have a firm.

Which part of the job do you enjoy the most?

Developing young people and providing them with opportunities

Veritas means “Truth” in Latin, and that is what the three of them created. May Veritas have many more years to come.

What we value the most

Almost four years to the day we came together to start something special. We knew that we want something exceptional and out of this desire Veritas, with its unique values was formed.

We believe that values should drive our business. We are therefore motivated by five distinct values namely: knowledge; integrity; teamwork; innovation and resilience.

Our Knowledge is based on our deep rooted experience and a commitment to excellence in everything we do. You are guaranteed a knowledgeable team who will go above and beyond.

Veritas places a high premium on Integrity. We will ensure that we deliver the right message even through it might be a difficult discussion.  We believe in the importance of long term value adding relationships with our clients.

To Veritas Teamwork is to work together and to form a partnership between our staff and clients’ staff. This ensures good collaboration to meet the goals set for our assignments.  We encourage our employees to work harder every day, guaranteeing service with accuracy.

We push Innovation to unlock underlying potential, gathering ideas for today and tomorrow and above all to focus on what is important to you, our client.

There is always a solution, especially for complex problems. We are with you every step of the way. This is our promise of Resilience.

Knowledge, integrity, teamwork, innovation and resilience. Now let us change the game.

Thomas Lunga, a fully qualified Chartered Accountant (SA)

On Friday, the 15th of March, hopeful third year accounting trainees all over the country waited with baited breath for their APC (Assessment of Professional Competent) results.

Thomas Lunga was one of these stressed out souls. By 15:58 he was bouncing off the walls in anticipation. By 16:01 the whole office was rejoicing and celebrating. Thomas had passed his APC, becoming a fully qualified Chartered Accountant (SA).

We sat down with Thomas and asked him a few questions.

1. Why did you choose Veritas to complete your training?
Well!, I chose Veritas because it is a well-reputed audit and accounting firm, dedicated to the provision of superior and quality services to its clients, headed by a team of three partners with an undeniable wealth of experience in providing professional services to a wide range of clients, both in the public and private sector. The firm is also committed to producing well-rounded accountants who possess incredible ability to analyse and interpret business problems and develop dynamic solutions through its stringent training requirements, coaching and exposure to different clients in different industries.

2. What does it mean to you to be a qualified CA(SA)?
Being a qualified CA(SA) to me is a dream come true, a result of hard work, compromise, determination and some sleepless nights and a golden key to a challenging, but exciting career in every sector of business and finance both in South Africa and internationally. The CA(SA) qualification is a prestigious and well recognised accountancy qualification on the global market and qualifies one to work in all fields of business and finance, including, auditing, taxation, financial and general management. Being part of the CA(SA) world is a feeling I cannot fully describe but, all I can say is, it is the best achievement of my life so far.

3. How did Veritas help you to become a CA(SA)?
Veritas did not just help me to become a CA(SA), but to become a better CA(SA) in different ways. To mention a few, the firm has stringent training requirements, a diversified client base which exposes us to different industries and experience, assigns challenging tasks to trainees and offers coaching to develop us professionally to be able to provide dynamic solutions to complicated business problems. This developed me to be a resilient, hardworking, goal-oriented and technically sound professional.

Congratulations to Thomas who passed the APC examination and is now a fully qualified Chartered Accountant (SA). We are very proud of him and wish him every success with his career at Veritas.

Veritas; Ideas (and people) for today and tomorrow.