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The South African Institute of Chartered Accountants (SAICA) is the professional home of Chartered Accountants [CAs(SA)] who are leaders in business, government and the communities they serve.
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The scarcity of fund accountants within South Africa's retirement funds industry
With retirement reforms finally taking shape in South Africa, the demand for skilled professionals within the retirement fund industry is continuously on the rise. However, through engagements with industry stakeholders, a concern was raised that South Africa is currently facing a significant scarcity of fund accountants within the sector. This article delves into the reasons behind this scarcity, its potential impacts on the industry and the broader economy, and what steps can be taken to address this pressing issue. 14 Sep 2023 Read more

Saica appoints Patricia Stock CA(SA) as first female CEO
The South African Institute of Chartered Accountants (Saica) is thrilled to welcome its first female chief executive officer, Patricia Stock CA(SA), effective 1 December 2023. 29 Aug 2023 Read more

Saica hosts a successful Inaugural Public Sector Summit to drive transformation and collaboration
The South African Institute of Chartered Accountants (Saica) successfully concluded its highly anticipated Inaugural Public Sector Summit that was held on 15 August 2023. The summit brought together a broad array of industry leaders, stakeholders, Saica members, the broader accountancy profession, and society from across the public sector landscape. The summit marked a significant step forward in Saica's commitment to making a positive difference in the public sector. Following the summit, Saica has been reflecting and debriefing, a process being undertaken to ensure that actionable strategies are adequately derived from the proceedings. 24 Aug 2023 Read more

We all have a part to play to drive accountability in the public sector
The South African Institute of Chartered Accountants (Saica) has received concerns from members and stakeholders to play a more active role in the public sector to assist the government in rebuilding the economy and improve service delivery as public trust in government continues to deteriorate. To achieve sustainable economic growth and development, all stakeholders, including citizens, government officials, civil society organisations, and the private sector, must come together and actively participate in driving an accountable public sector. 8 Aug 2023 Read more

Making a difference in the public sector for the benefit of South Africa
Global challenges are becoming increasingly complex each day, and South Africa is no exception. The South African Institute of Chartered Accountants (Saica), and its members and associates (members) are unwavering in their commitment to utilise their specialised skills and knowledge for the betterment of the country. As a leading accountancy body, Saica, together with its members, is a committed partner in making a positive difference in South Africa, offering support to the government, members, and stakeholders in this endeavour. 4 Aug 2023 Read more

North-West University and University of Pretoria's academic programmes accredited for AGA purposes
The South African Institute of Chartered Accountants (SAICA) is pleased to announce the accreditation of the North-West University (NWU) and the University of Pretoria (UP)'s academic programmes for purposes of SAICA's Associate General Accountants [AGAs(SA)] designation. 12 Jul 2023 Read more

Business should take note of the new sustainability reporting standards
Sustainability reporting is about to be revolutionised thanks to the International Sustainability Standards Board's (ISSB) two new standards, which are due to be launched globally on 29 June 2023. Milton Segal, executive director for Standards at the South African Institute of Chartered Accountants (Saica), believes these standards will bring about positive changes and reforms in the way we approach sustainability. 27 Jun 2023 Read more

Saica's response to National Treasury's maximum monetary fines for registered auditors
The South African Institute of Chartered Accountants (Saica) acknowledges the need for appropriate sanctions in the profession where required. However, Saica is concerned about the publication of fines without a clear framework or public education on the basis for these proposals. 23 Jun 2023 Read more

South Africa's best mathematics teacher elated by Saica's development camps' impact
South Africa's best mathematics teacher for 2022, Tebogo Mokwene, 33, is pleased by the impact of the South African Institute of Chartered Accountant's (Saica's) development camps in holistically reshaping and developing learners' schooling careers. 22 Jun 2023 Read more

Chartered accountants awarded for making a difference
On 25 May 2023, the South African Institute of Chartered Accountants (Saica) recognised 13 of its members at its annual Chairman's Difference Makers Awards for making an indelible socio-economic impact. Among those honoured were David Shapiro, chief global equity strategist and Jeff van Rooyen, chief executive of Uranus Investment Holdings. 5 Jun 2023 Read more

Saica urges local government to promote an ethical culture to attract and retain professionals
The South African Institute of Chartered Accountants (Saica) urges government to fast track professionalisation of local government finance units. 2 Jun 2023 Read more

JSE proposes amendments to the Auditor Accreditation Model
On 4 May 2023, the Johannesburg Stock Exchange (JSE) announced proposed amendments to the JSE Listings Requirements and JSE Debt Listings Requirements, relating to the Auditor Accreditation Model. 19 May 2023 Read more

Trustees required to submit beneficial ownership information
Trustees must now submit detail of all relevant beneficial owners on the Master's Office Web Portal. 15 May 2023 Read more

The importance of reporting, transparency and accountability
The recent saga with the issuing of late-night government gazettes, justification thereof and subsequent 'temporary' retractions has certainly heightened the awareness of the general public around the importance of corporate reporting. 25 Apr 2023 Read more

The indelible impact of load shedding on SMEs
South Africa's estimated 2,6 million micro, small and medium enterprises (MSMEs) are confronted with various challenges that impede their ability to thrive and create much-needed employment in order to reduce the 42,6% unemployment rate. Right now, access to reliable energy and funding are the most pressing matters. 19 Apr 2023 Read more

Saica urges government to promote transparency through public consultation
Saica welcomes the withdrawal by National Treasury to exempt Eskom from disclosing irregular and fruitless and wasteful expenditure in its financial statements. 6 Apr 2023 Read more

Budget 2023: Inflation - the invisible taxman
'Inflation' is the increase in prices over a specific period and which leads to a reduction in the purchase power of money. 23 Feb 2023 Read more

IAS receives Saica accreditation to deliver an APC Professional Programme
The South African Institute of Chartered Accountants (Saica) is pleased to announce the accreditation of the Institute of Accounting Sciences' (IAS) Integrated Learning Professional Course (ILPC), effective January 2023. 1 Feb 2023 Read more

Mathabo Makhaya (32) wins top prize in the Saica Top-35-under-35 CA(SA) competition
Mathabo Makhaya, group financial manager at Harmony Gold Mining and chairperson of the Investment Committee Mineworkers Provident Fund, has been announced as the overall winner of the highly coveted 2022 Top 35-under-35 chartered accountants [CA(SA)] competition. 8 Dec 2022 Read more

Saica calls on urgent intervention by oversight bodies to achieve the NDP goals
The auditor-general of South Africa (AGSA) released the 2021-22 National and Provincial Audit Outcomes General Report on Thursday, 23 November, which reflected a gradual improvement in audit outcomes. However, there continues to be poor audit outcomes in key service delivery portfolios and state-owned enterprises. Furthermore, lack of accountability has led to service delivery failures. 2 Dec 2022 Read more

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