EDUCATION INDUSTRY
Cyber Threats: Top Hackers threatening Higher Education Institutions right now!
Who are these gold miners, and what do they have to gain?
Services
Advisory services
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Digital and Analytics
We have developed distinctive capabilities in digital advisory and data analytics that are key to the success of dynamic organisations.
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Business Consulting
Our business consulting services help organisations improve operational performance and productivity throughout the growth life cycle.
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Corporate Finance & Restructuring
We combine our insights and experience to provide a comprehensive range of advisory and corporate finance and restructuring solutions.
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Internal Audit
Our internal audit service is designed to provide both assurance and consulting assistance on the adequacy and effectiveness of an organisation’s system of internal controls.
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Business Risk Services
Our service is focused on enabling broader risk coverage and proactive management of risks for the achievement of organisational strategy.
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Business Process Solutions
We work with a multitude of organizations to improve their finance function efficiency, reduce costs associated with business processes and provide a complete solution to the challenge faced by South African organizations.
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Programme Assurance & Advisory
Our aim is to protect shareholder value by providing Assurance and Advisory services on change portfolios and large-scale programmes to assist organisations.
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Forensic Services
Our forensic capability is integrated with our wider advisory services – not an add-on.
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Cyber Advisory
Our Cyber Advisory service is designed to help you identify, protect, detect, respond and recover from cyber-attacks.
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IT Advisory Services
We help clients to navigate the complexities and provide you with robust independent assurance that your IT risks, key management priorities and core systems are being appropriately managed.
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SNG ARGEN
We have a dynamic actuarial team set to assist businesses to comply with the audit standards where actuarial services are required.
Assurance services
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General Audit
We provide a sound statutory audit of financial statements specialising in both listed entities and state-owned organisations.
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Financial Services Group (FSG)
The Financial Services Group (FSG) offers specialised audit and advisory solutions to the banking, treasury and financial services sectors.
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Technical Excellence
We have a well-established specialized technical division, with in-depth, local and international knowledge and experience, which consists of three units namely; Accounting, Audit and Sustainability reporting.
Tax Advisory services
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Corporate Tax
We offer your business access to a global network of tax specialists in over 130 countries with extensive corporate tax technical skills to provide meaningful advice and adding value to your organization.
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Value-Added Tax
We can manage your overall exposure to indirect taxes, guide you through complex South African Value-Added Tax (VAT) legislation.
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Global Mobility
Taxes can be complicated, but the SNG Grant Thornton approach is to assist the new assignee with a clear and easy process.
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Customs and Excise Tax
Our Customs and Excise team assist traders with driving cost-effective supply chains while maintaining legitimate trade.
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Tax Technology
This is the lynchpin of our tax audit and advisory approach in making the tax function of our clients effective in data management tools.
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International Tax & Transfer Pricing
Our team is ideally suited to serve large multinationals and other global companies that need on the ground expertise in multiple jurisdictions, given our extensive network of offices around the globe.
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Specific Focus Areas
We have a team of dedicated tax specialists with deep knowledge to bring practical and cost-effective tax solutions to our clients and assist entities operating within these sectors to effectively manage their tax needs.
Industry Hub
We combine deep industry expertise with newly uncovered insight to offer you long term solutions that are both illuminating and actionable for your company's...
With our forward-thinking approach, we can help you identify business risks and potential obstacles and help clients leverage legacy and emerging technologies...
We offer specialised audit and advisory solutions to the banking, treasury, and other financial services sectors.
We at SNG Grant Thornton are uniquely placed to provide proactive service delivery and expertise that is locally focused in the longer term to help your...
Our team possess a wealth of expertise and a strong record in this industry to bring you pragmatic solutions that are realistic and sustainable
We assist both public and private sector organizations to adapt to the shifting tourism environment.
We know that every organisation is different. We offer your organisation advice and tailored solutions based on our Education Sector expertise to meet its...
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Business Consulting
We provide fit-for-purpose solutions to address major challenges the Education sector faces by supporting our clients.
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Employees’ Tax Services
Its important to ensure that the institution complies with the tax legislation and that all payroll records are accurate and complete.
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Programme Assurance & Advisory
The need for sound project management and effective solution delivery gives you the edge in competitive markets.
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Forensic Services
Fraud detection review and forensic investigation for Higher Education
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Digital and Analytics
The digitalisation of processes within the higher education sector leads to increased data generation. This data can be an essential asset when leveraged correctly.
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Cyber Security Services
There is no one-size-fits-all security solution to preventing all attacks, but we have cybersecurity strategies that education institutions can use to minimise cyber threats.
Related insights:
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1 min read
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03 Oct 2022
How are you ensuring your organisation is sustainable for the future?
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Sustainable Development Goals (SGDs)
SDG Impact Standards Training Course
BRICS, an acronym representing Brazil, Russia, India, China, and South Africa, was formed in 2010 with South Africa's inclusion
Contents
This alliance signifies a collaborative endeavour among five emerging economies aimed at fostering economic cooperation and development. Over the years, BRICS has solidified its position as a formidable presence in the global economy.
During the recent 15th annual summit held in Sandton, Stavros Nicolaou, the head of the Business Council, unveiled a significant milestone. BRICS countries now contribute a combined 32% to the global economy, surpassing the G7 group's 30% contribution to global GDP. Projections indicate that this bloc will expand to account for over 50% of global GDP by 2030. It's worth noting that BRICS is home to a growing middle class, presenting new business opportunities.
Small and medium-sized enterprises (SMMEs) should not underestimate the potential benefits of this economic alliance.
BRICS agreements can translate into these several advantages for SMMEs:
Access to Markets: BRICS countries offer large and expanding markets for South African goods and services. Collaboration with BRICS nations can facilitate the development of new products and services or expansion into these markets. An example is the African Continental Free Trade Agreement (AfCFTA), which aims to enable the free flow of goods and services across the continent while bolstering Africa's position in the global market.
New Technology: BRICS nations host various investment funds interested in supporting SMMEs. Seizing these opportunities can assist businesses in growth and developing new technologies.
Expertise: The BRICS countries possess a wealth of expertise across various fields. SMMEs can tap into this knowledge by partnering with BRICS businesses or participating in conferences and training events.
Now, let's address the critical question:
How can SMMEs secure funding from BRICS?
Here are several avenues available for SMMEs to access BRICS funding:
BRICS Business Council: Established during the fifth summit in Durban, the BRICS Business Council serves as a platform for businesses from BRICS countries to collaborate and promote trade and investment. It offers a range of programs and services to SMMEs, including matchmaking, training, and access to financing. A recent summit witnessed the Industrial Development Corporation (IDC) and the Bank of China (BoC) signing a R10 billion funding framework agreement to support energy, mining, manufacturing, agriculture, and infrastructure projects.
The New Development Bank (NDB): Formerly known as the BRICS Development Bank, this multilateral institution provides loans and financial assistance for infrastructure and sustainability development projects in emerging markets. SMMEs can apply for loans from this bank to fund their growth and expansion.
Government-to-Government Programs: BRICS governments extend various programs to encourage trade and investment among their nations. These initiatives provide SMMEs access to financing, technical support, and other valuable resources.
Private Sector Investors: Private sector investors within BRICS nations express interest in investing in SMMEs. SMMEs can directly approach these investors or collaborate with financial intermediaries to explore funding opportunities.
How to enhance the likelihood of securing BRICS funding?
Build Relationships: Networking with BRICS businesses and organizations is instrumental in discovering opportunities and establishing connections that may lead to funding.
Participate in BRICS Events: Numerous BRICS events take place throughout the year, particularly in South Africa. Attending these events offers an excellent avenue to meet potential investors and partners.
Develop a Strong Business Plan: Preparing a well-structured business plan with sound financial projections is indispensable for successful funding.
While challenges exist, including cultural, linguistic, legal, and regulatory aspects, they should not deter SMMEs. Staying informed about BRICS developments and adapting to changing market conditions remain crucial for SMMEs looking to leverage the potential benefits of this economic bloc.