Loading...
See More

Bursaries up for grabs for aspiring CAs

Feb 12 2013 12:21

(Shutterstock)

Related Articles

Accountants must understand new laws

Taxpayers urged to use tax specialists

Accountants rule JSE roost

Saica welcomes Companies Act postponement

Accountants to assist councils

New guide for small businesses

 

Cape Town - In an effort to fast track transformation in the accountancy profession, South African Institute of Chartered Accountants (Saica) on Tuesday made 300 bursaries available qualifying African and Coloured Grade 12 learners who wish to pursue a career as a chartered accountant but do not have the financial resources to do so.

Currently, there are about 34 400 Chartered Accountants (CAs) in South Africa. Out of this number, only: 1 100 are African females, 1 339 African males, 468 Coloured females, 478 Coloured males, 1 347 Indian females, 1 936 Indian males, 7 768 White females and 19 852 White males.

The country remains with a shortage of over 5 000 CAs professionals, with the public sector faced with a vacancy rate of over 40% in the financial fields.

According to a study by Saica there were already more than 22 000 vacancies in the fields of financial services and accounting as far back as 2008. Skills shortages at postgraduate and masters levels amounted to almost 6 000 for immediately required accountants.

Both the public and private sectors face an uphill battle in retaining qualified accounting staff.

The selection criteria for candidates:

  • The learner must be a South African citizen
  • The learner must be African or Coloured
  • The learner must obtain at least 60% in Mathematics
  • The learner must be in Grade 12, intending on studying B Comm. Accounting 

Learners with the necessary competencies are encouraged to apply for a bursary.

To find out more click here.


 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

education

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
19 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

The Fast and Furious R40 million

With the Fast and the Furious 7 hitting South African cinema’s this April, all eyes are on the cars and we’re in for a treat!

 
 

Luxury living

This is the most expensive burger in the world!
Exclusive food items that WILL break the bank
Top 10 most expensive homes in the world
You can permanently live on a ship and sail the world!

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How will you manage Vodacom’s price hike for contracts?

Previous results · Suggest a vote

Loading...