Fourth Industrial Revolution, Accounting Profession Well-Being, and Environmental Well-Being in South Africa

Abstract

Industry 4.0 centers on the connection of physical and cyber networks to allow actionable insights and real-time information flow such that the well-being of the creatures, workplace, and the environment is guaranteed. Plastic pollution has been a major menace in South Africa and the proposed ban has not been implemented by the government. With the current measures of reducing the pollution, it was evident that the use of fourth industrial revolution has not been effective. Thus, it was recommended that government should enforce labelling of very single-use plastic and an associated fine should be attached to every single-use plastic found polluting the environment. It should be made mandatory for all management accountants to include cost for plastic pollution as one of the operating costs of each organisation. Also, it is recommended that robots can be erected around the cities, towns and workplace picking plastic waste. This will show the seriousness of the government to combat the single use plastic pollution and automatically curb the littering of the environment with plastics.