NWJA Accountants

16/07/2024

Our Vision Statement:
Vision: To help SMME's to grow and to assist them to improve their profitability.

Mission Statement:
Mission: To add value by helping SMME's to make better financial decisions and to be compliant so that their businesses can be more profitable over the long-term. We do this by focusing on clearly defined growth enablers.
NWJAAccountants - Clearly Defined Growth.

14/07/2024

FASSET invites employees of registered employers/organisations in the Finance and Accounting services sector to apply for the employed bursary scheme.

11/07/2024

Whether you are an aspiring Entrepreneur or an established Businessman, we recommend this book, the author, Steven Bartlett relates personal stories of his Entrepreneurial journey in an inspirational and motivating way. This book is a must have if you are an Entrepreneur.

10/07/2024

10/07/2024

26/06/2024

21/06/2024

Attention Thaba Nchu Entrepreneurs!🚨

at the TEA Kasi Business Workshop in Thaba Nchu, Free State. Our theme is on navigating Failure and Rejection in the world of small businesses. Join us as we delve into strategies for overcoming setbacks in business, fostering resilience, and mastering the art of handling rejection - a common experience in entrepreneurship. Learn how to cultivate mental fortitude to effectively navigate challenges and bounce back stronger from setbacks. Learn from seasoned entrepreneurs who have walked the journey in the Township Economy. Impacting Kasi entrepreneurs one township at a time.

We're also hosting a Pitching Competition, with an amazing grand prize of R50 000.00! Participation is only for registered attendees for this Welkom Workshop. Pitch entry application emails will be sent to registered attendees 4 days prior to the TEA Kasi Business workshop, so be ready to submit a captivating 1-minute pitch along with your compliance docs.

Small Business Exhibition - We're offering exhibition space on a first-come-first-serve basis. But hurry, we only have 10 spots available! WhatsApp us on 068 158 9484

Register Here📍: https://www.eventbrite.com/e/tea-kasi-business-workshop-thaba-nchu-free-state-tickets-921294585907?aff=oddtdtcreator

07/06/2024

The process to open a Mutual bank in South Africa:

To open a Mutual Bank in South Africa, you must follow these steps:

1. Apply for a banking license: Submit an application to the Prudential Authority to apply for a banking license.

2. Section 13 approval: Receive approval from the Prudential Authority to proceed with the application for a banking license.

3. Registration: Register the bank with the Prudential Authority, which includes a registration process under the Mutual Banks Act.

4. Section 16 submission: Submit an application for registration of the bank, which includes an independent verification of banking systems and processes.

5. Section 17 submission: Notify the industry of the intention to test the national payments system.

6. Testing and approval: Complete the testing of the national payments system and receive final approval from the Prudential Authority.

7. Launch: Launch the mutual bank, which can accept retail deposits and offer savings and loan products.

05/06/2024

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04/06/2024

The Advantages and Disadvantages of a Coalition Government for Businesses in South Africa:

Advantages:
1. Stability and certainty: A coalition government can provide a sense of stability and certainty, which is essential for businesses to operate and invest.
2. Diverse perspectives: A coalition government brings together different parties with unique perspectives, which can lead to more informed and well-rounded decision-making.
3. Compromise and collaboration: Coalition governments require compromise and collaboration, which can result in more inclusive and effective policies.
4. Representation of minority interests: A coalition government can ensure that minority interests are represented and protected, which can be beneficial for businesses that cater to niche markets.
5. Encourages consensus-building: Coalition governments encourage consensus-building, which can lead to more sustainable and long-term solutions.

Disadvantages:
1. Instability and uncertainty: Coalition governments can be unstable, leading to uncertainty and potential changes in policies and regulations.
2. Slow decision-making: The need for consensus and compromise can lead to slow decision-making, which can hinder business operations and investment.
3. Conflicting interests: Different parties in a coalition government may have conflicting interests, which can lead to gridlock and ineffective decision-making.
4. Lack of clear direction: A coalition government may not have a clear direction or vision, which can make it challenging for businesses to plan and invest.
5. Potential for corruption: Coalition governments can be vulnerable to corruption, particularly if there are conflicting interests and lack of transparency.

Overall, the impact of a coalition government on businesses in South Africa will depend on the specific parties involved, their policies, and their ability to work together effectively.