Loading...
See More

Project launched to boost accountants

Oct 05 2012 13:52 Sapa

Related Articles

Accountants must understand new laws

Nzimande: Black graduates struggle

Nzimande: Study miners' conditions

Nzimande: Skills development vital

Nzimande: Free education for the poor

SACP: Intervene at Wits

 

Johannesburg - The higher education department will invest over R84m in Walter Sisulu University's (WSU) accounting department, Minister Blade Nzimande said on Friday.

"In an environment where we have a shortage of over 5 000 chartered accountants (CA), and the public sector has a vacancy rate of over 40% in financial fields, government has no option but to invest in these kinds of interventions," Nzimande said in a speech prepared for delivery.

The investment would be made through the national skills fund over the next four years. He was speaking at the announcement of the WSU-Saica accountancy re-accreditation programme in Mthatha.

The investment would ensure that WSU received an SA Institute of Chartered Accountants (Saica) accreditation. This would enable the university to offer the BCom (accounting) degree, while maintaining teaching and learning standards.

Saica would provide administrative support, and the University of Cape Town academic help to ensure WSU was re-accredited for the qualification.

"It is even more exciting that this transformative programme is being launched at one of our rural universities, because there is a real need to reach more rural learners than the currently accredited universities can reach, as that will greatly improve the number of African CAs, which currently stands at just under 2500."

Of the country's 34 418 CAs, 1100 were black women and 1 339 black men; 468 were coloured women and 478 coloured men; 1 347 Indian women and 1 936 Indian men; and 7 768 were white women and 19 852 white men. A total of 130 were had not been classified.



* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest

blade nzimande  |  accountants
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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