THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under cap 531 of the Accountant Act, Laws of Kenya)
THE 4th CHAPTER SEMINAR – SOUTH AFRICA
Theme: Harnessing Sustainable Economic Growth and Human Development in Africa
Venue: The Capital Empire, 177 Empire Place, Cnr. Rivonia Road, Sandhurst, Sandton, Johannesburg, 2031, South Africa.
Date: 28th to 30th August 2019
1.0 BACKGROUND
There is growing consensus that Africa must find African solutions for her challenges. Leading global philosophers, economists and investors collectively agree that the African Continent, if molded tactically, can be the next global economic powerhouse. It all depends on whether or not the leadership on the continent will get its act together, or not. Can the anticipated economic upsurge be in tandem with sustainable human development? What fundamentals will guide and drive the continent beyond acceptance of the need for macroeconomic stability and increased global competitiveness? What is the role of the public and private sector in this particular African agenda?
There is a need for professionals to deliberately plan for their capacity development and attune the same to the continental social and economic demands. Professional institutes including PAOs also play a key role in ensuring impactful participation of professionals in driving continental development agenda.
ICPAK continues to support its members by way of availing opportunities for Continuing Professional Development and as such, the Institute will hold its 4th Chapter Seminar in South Africa to discuss the following.
2.0 TOPICS
Areas to be addressed under the topics above include:
A case for Joint/Collaborative Infrastructure Investment in Africa 90 minutes
Investment in infrastructure has been identified as a prerequisite to development in Africa and the world over. Given legacy issues characterized by low levels of investments in infrastructure in Africa, access to critical facilities and basic services is severely impacted. In the same vein, access to markets is compromised. Most countries in Africa are prioritizing investments in Infrastructure to improve the livelihood of citizens directly and also to spur development through the multiplier impact of massive expenditure. Project justification, funding, project execution and sustainability remain a significant impediment to investments in Infrastructure thus calling for collaborative and innovative approaches.
In this session we shall discuss:
- The case for collaboration
- Different funding models suitable for Africa
- Where projects go wrong- project governance including execution and sustainability
Speaker:
Joe Cosma – Director, Ernst & Young
Format: The session will comprise a 60-minutes presentation based on a case study of an infrastructure investment involving multiple countries followed by 30 minutes of audience engagement.
Public Budgeting Processes; South Africa & Kenyan Experiences 90 minutes
There are similarities and differences in the public budgeting processes between Kenya and South Africa. For example, whereas both countries use three-year MTEF tool linked to the budgeting process, South Africa adopted the Framework earlier (mid 1990s) and has since made more progress in improving the budgeting process compared to Kenya which first implemented the process for the first time in 2003-2004 fiscal year. This topic will explore the two countries’ public budgeting processes. This session will focus on the following areas:
- Legal framework
- Key milestones in the budgeting process
- Public participation
- Budget oversight
Speakers:
Professor Onesmus Ayaya (South African perspective), Public Financial Management Expert
Format: The session will comprise two 30-min presentations based on each country’s perspective followed by 30 minutes of audience engagement.
Taxation in South Africa; Areas of Convergence and Divergence with the Kenyan Taxation 90 minutes
As corporates and individuals continue to move between South Africa and Kenyan through investment activities, employment or philanthropic reasons, the need to understand and appreciate the tax regimes in these countries is critical.
This session will explore, among others:
- The historical differences in the tax laws in Kenya and South Africa
- The emerging trends in tax law and practice development between the two countries- convergence or divergence
Speaker: Adv. Lucia Hlongwane-Founder and MD of Walena Africa Capital/Vice President of the South African Institute of Tax Practitioners
Format: The session will be a 60 minutes presentation followed by and interactive audience participation for 30 minutes.
Oversight on Government Expenditure in South Africa 60 minutes
The oversight on government spending in SA is conducted by the Standing Committee on Public Accounts (SCOPA). SCOPA acts as Parliament’s watchdog over the way taxpayers’ money is spent by the Executive. Every year the Auditor-General tables reports on the accounts and financial management of the various government departments and State institutions. It issues its findings to relevant report bearers, invites the Public to comment and provides remedial actions.
The session will discuss the following points:
- Formation and structure
- Powers
- Roles and functions
- Process
- Reporting
- Exceptional items e.g. wasteful expenditure etc
- Follow up on remedial action
Speaker: Themba Godi-Former Chairperson of SCOPA
Format: 45 minutes presentation followed by 15 minutes of audience participation (Q&A)
Developments in the Accountancy Profession and the Role of Africa’s Accountant 90 minutes
Accountants are increasingly being challenged to demonstrate their relevance and their ability to evolve and face emerging challenges. The value of accountants will be measured by the extent to which they are perceived to be accountable not only to their own organizations but more importantly to the public. Their ability to continue to fulfill these roles in the face of constant environmental changes is vital to their continued relevance.
The following session will explore the role of the Africa’s accountant:
- in the age of artificial intelligence, internet of things, block chain and cloud computing
- in restoring the profession’s image in light of recent corporate scandals
Panellists
- KC Rottok- Financial Reporting Consultant -W.Consulting
- Charles Mazhindu-Partner, PKF Octagon
- Khaya Sithole – Founder, Corusca Advisory Group
Format: Brief presentations by the speakers (15 minutes each), followed by facilitated panel discussion and then a Q&A with delegates
The Role of Securities Markets in National Economic Development 60 minutes
Efficient and effective operation of securities market is necessary for rapid economic development in Africa. How can the continent leverage government and non-government bond and equity markets to fast track growth? The session will focus on the following:
- Share Best practices from Asia.
- What are the hindrances?
- How can Africa pilot and scale up best practices?
Speaker:
Evans Osano(Kenyan based CPA): Director, Capital Markets Development FSD Africa (To be confirmed)
Format: 45 minutes presentation followed by 30 minutes audience participation (Q&A)
Accelerating Digital Government in Africa focused on Govtech 90 minutes
GovTech is about taking a whole-of-government approach to digitalization, to enable simple, transparent and efficient government through the development of integrated government digital platforms. With a vision of putting people first, GovTech embraces a citizen centric approach to service delivery triggered by citizen’s and business’ life events. GovTech focus areas include: Service delivery (G2C, G2B); Core government systems (G2G); Data for policy making & citizen engagement (G2C, G2B); GovTech ecosystems (G2B)’ and Regulation of technology (G2B, G2C, G2G). The session will focus on (a) discussing on why and what of GovTech, and (b) share specific experiences of using GovTech in African countries.
Speaker: Patrick Kabuya-
Format: Presentations by the speakers (20 minutes each), followed by a facilitated Q&A with delegates.
Cost of doing business in Africa 75 minutes
What separates thriving countries from failing ones is the strength and integrity of their institutions. Africa is devastated by corruption not only because it bleeds the fiscus but because it undermines the institutional capacity. This in turn destroys trust and the social contract that lies at the heart of sustainable peace, security and economic development. The session will focus on the following areas:
- Cost of Corruption
- Taking responsibility
- Who is accountable?
- Why aren’t anti-corruption organisations not working?
- What are the blind spots?
Speaker: Dr Rutendo Hwindingwi – Associate Director Deloitte Africa
Format: 45 minutes presentation followed by 30 minutes audience participation (Q&A)
Corporate governance – the heart of Integrated Thinking 90 minutes
The key objective of a company is to create long term value using all its resources for the benefit of all stakeholders while considering the impact on society, environment and economy: integrated thinking. Therefore, company leadership, the Boards, should actively take the leading role to provide leadership required to create this value and to also appropriately report (using integrated report). As a result, many countries are increasingly incorporating integrated thinking and reporting concepts in the corporate governance principles and practices. In this session, the panellists will explore on (a) defining value creation and why it is important, (b) integrated reporting- what, why and how, and (c) how countries are incorporating the value creation concept in corporate governance principles (codes) and empowering board members.
Panellists:
Suresh Kana: Chairman of Integrated Reporting Council of South Africa and a Board member
Patrick Kabuya, IIRC and AIRC member
Format: Brief presentations by the speakers (15 minutes each), followed by facilitated panel discussion and then a Q&A with delegates
3.0 ABOUT JOHANNESBURG –SOUTH AFRICA
Johannesburg was named and established in 1886 following the discovery of gold, it is also known as “Jozi, Joburg and eGoli” is the largest city in South Africa and is one of the 50 largest urban areas in the world. It is the provincial capital of Gauteng, which is the wealthiest province in South Africa. While Johannesburg is not one of South Africa’s three capital cities, it is the seat of the Constitutional Court. The city is in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade.
4.0 CPD UNITS
Members of ICPAK and those from other reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all seminar sessions.
5.0 TARGET AUDIENCE
The seminar targets members of ICPAK in South Africa, Kenya and neighbouring Nations, Board Members, CEOs, Consultants, Heads of Government Units/Parastatals, County Executives, among other Senior Level Corporate Managers and other professionals interested in leadership, audit, risk management and financial management in South Africa and Kenya.
6.0 CHARGES
| Category | Early Bird Registration | Normal Registration |
| Booking & Payment on or before 7th August 2019 | Booking & Payment after 7th August 2019 | |
| Associate Members/Accounting Trainees | Ksh. 95,000 | Ksh. 105,000 |
| Kenyan based Members/ACCA Members and IFAC PAOs | Ksh. 105,000 | Ksh. 110,000 |
| Non-members/
International Delegates |
KES 110,000
USD 1,200 |
KES 115,000
USD 1,200 |
7.0 INSTALMENT PAYMENTS
Delegates may pay in consecutive monthly instalments using the early bird rate provided the final instalment is by end of the early booking period, in this case 16th August 2019
8.0 TRAVEL INFORMATION
Delegates from other nationalities are requested to check with their South African Embassy/ High Commission for their travel requirements. We will assist on letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs. Please note that Visa processing takes about 10 working days. Kenyan delegates can visit http://www.vfsglobal.com/southafrica/kenya/ for your visa application
9.0 DRESS CODE
Business Casual
10.0 SPECIAL NEEDS
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on emma.opiyo@icpak.com with a copy to molly.mwangi@icpak.com
11.NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).
12.PARTNERSHIP OPPORTUNITIES
The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or enquiries please email raphael.nguli@icpak.com.
Further requests can be channeled to us via telephone calls on +254 719 074000/308/309 or via email to email emma.opiyo@icpak.com with a copy to memberservices@icpak.com
We encourage members to regularly visit our website www.icpak.com for updates.
