2017 NATION BUILDING IMPACT REPORT - SAICA...Chartered Accountants (SAICA) is more than just a professional body; it is a critical player in South Africa’s ... COUNTRY’S DEMOGRAPHIC

2017NATIONBUILDING IMPACT REPORT

PROMOTING SOLUTIONS FOR THE NATIONAL DEVELOPMENT PLAN THROUGH OUR MEMBERS

2 SAICA NATION BUILDING REPORT 2017

0705

SAICA 2017 ANNUAL INTEGRATED REPORT 3

CONTENTS

09

01STRATEGIC ALIGNMENTMESSAGE FROM THE EXECUTIVE DIRECTOR: NATION BUILDING 06

COMMUNITY PROJECTSTOTAL COMMUNITY OUTREACH INTERACTIONS DURING 2017 78

KEY COMMUNITY OUTREACH INITIATIVES 78

GOVERNANCE AND RISK MANAGEMENTSAICA GOVERNANCE STRUCTURE 86

ENTITY BOARDS 87

GOVERNANCE AND RISK MANAGEMENT 88

POWERFUL PARTNERSHIPSTHANK YOU 92

B-BBEE CODES AND THE CA CHARTER 96

SAICA NATION BUILDING IN THE MEDIA 82

THUTHUKAOVERVIEW 12

LEGAL STATUS 12

OUR VALUE PROPOSITION 12

THUTHUKA IMPACT ON THE SAICA VALUE CHAIN (SINCE INCEPTION) 14

SCHOOL INITIATIVE IMPACT 16

SCHOOL ECO-SYSTEM 18

TOTAL SCHOOL INTERACTIONS DURING 2017 19

KEY SCHOOL PROGRAMMES 19

SCHOOL INITIATIVE HIGHLIGHTS 21

UNIVERSITY INITIATIVE IMPACT 22

UNIVERSITY ECO-SYSTEM 24

TOTAL UNIVERSITY INTERACTIONS DURING 2017 25

KEY UNDERGRADUATE PROGRAMMES 25

KEY POSTGRADUATE PROGRAMMES 26

THUTHUKA STUDENTS IN CTA TOP 10 27

KEY ACADEMIC DEVELOPMENT PROGRAMMES

28

UNIVERSITY INITIATIVE HIGHLIGHTS 28

SUCCESS STORIES 30

SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORYOVERVIEW 62

LEGAL STATUS 62


SAICA ENTERPRISE DEVELOPMENT IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION) 64

SAICA ENTERPRISE DEVELOPMENT AND THE HOPE FACTORY IMPACT

66

BACK-OFFICE ACCOUNTING SUPPORT ECO-SYSTEM

68

THE HOPE FACTORY AND SAICA ENTERPRISE DEVELOPMENT ECO-SYSTEM

69

TOTAL ENTERPRISE DEVELOPMENT INTERACTIONS DURING 2017

70

KEY ACCOUNTING SUPPORT INITIATIVES 70

KEY SMME SUPPORT INITIATIVES 71

HIGHLIGHTS 72

SUCCESS STORIES 74

ACCOUNTING TECHNICIAN SOUTH AFRICA (AT[SA])OVERVIEW 46

LEGAL STATUS 46


AT(SA) IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION) 48

AT(SA) IMPACT 50

AT(SA) ECO-SYSTEM 52

TOTAL AT(SA) INTERACTIONS DURING 2017 54

KEY AT(SA) INITIATIVES 54

AT(SA) HIGHLIGHTS 56

AT(SA) SUCCESS STORIES 58

PROFESSIONAL DEVELOPMENT OVERVIEW 38

PROFESSIONAL DEVELOPMENT’S MANDATE 38

IMPROVEMENT IN RACIAL REPRESENTATION AND DIVERSITY IN CA(SA) MEMBERSHIP STATISTICS

39

FORMAL ASSESSMENTS 39

ITC 2017 39

APC 2017 40

TRAINING 40

ACADEMIC TRAINEES AND ACADEMICS 41

THE IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)OVERVIEW 34


ISFAP 2017 PILOT STATS 35 06

10

0803

04

SAICA NATION BUILDING REPORT 2017 54 SAICA NATION BUILDING REPORT 2017

0101STRATEGIC ALIGNMENTMESSAGE FROM THE EXECUTIVE DIRECTOR: NATION BUILDING 06


Chantyl Mulder, SAICA Executive Director: Nation Building


STRATEGIC ALIGNMENT

Widely recognised as one of the world’s leading accounting institutes1, the South African Institute of Chartered Accountants (SAICA) is more than just a professional body; it is a critical player in South Africa’s development journey. In line with this, a key driver of SAICA’s strategic objectives is the National Development Plan: Vision 2030 (NDP) that calls on the private and public sectors, as well as civil society to rally behind a united vision for the country’s development.

Having placed its sole objective as “responsible leadership,” SAICA is committed to building the nation. By definition, the term “responsible leadership” refers to business decisions that, next to the interests of shareholders, also take into account all other stakeholders, such as staff, clients, suppliers, the environment, the community and future generations. It is for this reason that the tenet of creating and maintaining a profession of empowered members who ‘support the development of the South African economy’ is central to SAICA’s constitution.

To this end, our organisation runs numerous initiatives under the SAICA Nation Building umbrella that aid the national drive for transformation, employment and growth to ensure social and economic development. The selection of our initiatives is informed by the challenges that have been flagged in the NDP as stumbling blocks for the country’s developmental goals. These include the following:

• The quality of education for black people is poor.• The economy is unsustainably resource-intensive

and too few people work.• There is a need for improved skills development.• Public services are uneven and often of poor

quality.

In this report, you will see the direct impact of the work SAICA Nation Building has had thus far in assisting to achieve the strategic objectives of transformation, growth and employment. To give you context into how these programmes work together to assist in remedying these stumbling blocks, what follows is a brief overview of the strategic intent of each.

TRANSFORMATION: TRANSFORMING THE DEMOGRAPHICS OF THE PROFESSION TO MATCH THE COUNTRY’S DEMOGRAPHIC PROFILE

The profession’s transformation objective, as espoused in the CA Charter, is to ensure that there is a constant flow of suitably qualified accounting professionals who are representative of the country’s demographics, into the economy. SAICA Nation Building does this through various skills development initiatives targeted at primary, secondary and tertiary education. Through Thuthuka, SAICA Professional Development and the Accounting Technician South African (AT[SA]) qualification, the profession is growing the number of chartered accountants, general accountants and accounting technicians, as well as transforming the demographics of the profession to match the country’s demographic profile.

SAICA Nation Building took its transformation endeavours one step further in 2016 when it broadened its expertise to assist in crafting and launching a sustainable funding structure solution for higher education using our internationally respected Thuthuka model. That solution, the Ikusasa Student Financial Aid Programme (ISFAP), piloted in 2017 and is currently fast-tracking South Africa’s production of scarce skills for the 21st century by funding students studying towards occupations of high demand (OHDs). By increasing the number of students studying towards STEM (Science, Technology, Engineering and Maths) qualifications, the ISFAP model focuses on creating employable graduates who can become active participants in the economy.

NOTE1. As South Africa’s pre-eminent accountancy body, the

Institute provides a wide range of support services to more than 44 000 members who are chartered accountants, general accountants and accounting technicians, and hold positions as CEOs, MDs, (board) directors, business owners, chief financial officers, auditors and other leaders in their chosen spheres of business operations and public life.

But, it is not enough merely to provide SA’s youth with the opportunity to gain a tertiary qualification. To overcome the stumbling blocks as described by the NDP, one must expand their potential sources of sustainable employment too.

EMPLOYMENT: PREPARING GRADUATES FOR THE WORKING WORLD

In South Africa, a lack of experience and work-readiness has given rise to the large number of graduates who remain unemployed post qualification. Indeed, many corporates avoid employing newly-qualified graduates as they do not have the practical experience they need to enter the working world.

At SAICA Nation Building, we believe that we have a responsibility to ensure that a consistent pipeline of adequately and suitably qualified professionals enter the marketplace and that these individuals remain relevant throughout their career. Thus, as the profession, SAICA is addressing this through initiatives like Thuthuka, the AT(SA) qualification, ISFAP and the CA(SA) training programme as well as through internally run projects like CA2025.

These initiatives identify the required competencies of future professionals and, in the case of the chartered accountancy profession, look at how to reinvent the qualification process in response to the ever changing needs of business. In doing this, we produce competent, work-ready graduates whose qualification and training respond adequately to the needs of organisations in both the public and private sectors.

To create similar opportunity for unemployed accounting graduates who have not followed the CA(SA) route, SAICA Nation Building has also successfully piloted work-readiness initiatives aimed at preparing these graduates for entry into the workplace. By providing graduates with real work experience in a simulated office environment, we have achieved a high placement rate (in excess of 90%) for these accounting graduates by giving them access to employment opportunities once they have completed their training through formal learnerships across the broader accounting profession thanks to the assistance of SAICA’s wide Small & Medium Practices (SMP) network.

Our work in creating more employment opportunities does not stop there. In considering the potential sources of employment growth, we have considered the views of South Africa’s National Planning Commission which makes special mention of the limited expansion of small and medium-scale enterprises (SMMEs). Noting that in successful economies it is in the SMMEs where most

job creation takes place, we have placed a strategic focus on developing this area too.

GROWTH: SOLUTION FOR UNEMPLOYMENT

Studies show that a solution for unemployment cannot be achieved by only focusing on the corporate sector, which is at risk of being over saturated by the high number of new entrants into the job market. Our focus must, therefore, also be on:

• building capacity at all of South Africa’s tertiary institutions, including Historically Disadvantaged Institutions (HDIs), Technical Vocational Education Training (TVET) colleges and Universities of Technology (UoTs);

• growing the capacity of all practices, including emerging firms;

• increasing interest in entrepreneurship from a young age;

• building the capacity of big corporates to become part of economic growth; and

• promoting careers in the public service.

Through SAICA Nation Building initiatives such as the HDI capacity building programmes, SAICA Enterprise Development, The Hope Factory and the AT(SA)’s Public Sector Qualifications to name a few, we actively focus on developing sustainable employment opportunities to ensure that all South Africans can take up their rightful place in the economy. This is done through projects that focus on both entrepreneurship and making the public sector more attractive as a career of choice.

The intended end result of our SMME projects is to create a pipeline of entrepreneurs who are able to operate successful businesses that are financially sound, sustainable and have the capacity to create jobs. In the public sector, our projects will ensure that – when operating optimally – the sector can act as a catalyst of economic growth by providing high-quality service and stimulating economic growth within the communities it serves.

In this report, my team and I are proud to outline our 2017 project results and illustrate the national impact of our activities.

THANK YOU FOR YOUR CONTINUED SUPPORT

Over the past 15 years, SAICA Nation Building has become a trusted partner in social development. Yet, the strength and success of the programmes we run can only be achieved through the support of powerful partnerships and a coordinated approach between SAICA, the profession and our other stakeholders. We thank all our partners, funders, key stakeholders and

STRATEGIC ALIGNMENT

MESSAGE FROM THE EXECUTIVE DIRECTOR: NATION BUILDING

OUR STRATEGIC OBJECTIVES FOCUS ON:

GROWTH

TRAN

SFORMATIONEMPLO

YMEN

T


SECTION HEADINGSTRATEGIC ALIGNMENT

CHANTYL MULDER, CA(SA)EXECUTIVE DIRECTOR: NATION BUILDING

SAICA members for your valuable support of and contribution to our projects thus far.

Your contributions are noted daily, and we look forward to continuing our collaboration, and thus inspiring more young people to take up scarce professions and become the drivers of our economy. By seeing the results of our combined efforts, we hope that you will be inspired to continue your journey with us in upscaling our projects, so that, through our projects we can realise mass impact for the accounting profession and the country as a whole.

SAICA Nation Building projects rely on public private partnerships to reach their objectives (Chantyl Mulder pictured with South African President Cyril Ramaphosa)

I WANNA BE THERE WHEN THE PEOPLE START TO TURN IT AROUND,WHEN THEY TRIUMPH OVER POVERTY

I WANNA LEND A HAND,SENDME

HUGH MASEKELASEND ME (THUMA MINA)

STRATEGIC ALIGNMENT

SAICA NATION BUILDING REPORT 2017 9

10 SAICA NATION BUILDING REPORT 2017 SAICA 2017 ANNUAL INTEGRATED REPORT 11

0102Yamkela Qangana from Simunye High School was crowned the top maths student at SAICA’s Western Cape Development Camp (pictured with Dr Glynis Schreuder from the Western Cape Education Department)


THUTHUKAOVERVIEW 12

LEGAL STATUS 12


THUTHUKA IMPACT ON THE SAICA VALUE CHAIN (SINCE INCEPTION) 14

SCHOOL INITIATIVE IMPACT 16

SCHOOL ECO-SYSTEM 18

TOTAL SCHOOL INTERACTIONS DURING 2017 19

KEY SCHOOL PROGRAMMES 19

SCHOOL INITIATIVE HIGHLIGHTS 21

UNIVERSITY INITIATIVE IMPACT 22

UNIVERSITY ECO-SYSTEM 24

TOTAL UNIVERSITY INTERACTIONS DURING 2017 25

KEY UNDERGRADUATE PROGRAMMES 25

KEY POSTGRADUATE PROGRAMMES 26

THUTHUKA STUDENTS IN CTA TOP 10 27


28

UNIVERSITY INITIATIVE HIGHLIGHTS 28

SUCCESS STORIES 30


THUTHUKATHUTHUKA

OVERVIEWAs a critical stakeholder in society, SAICA has undertaken the responsibility of ensuring that there is a consistent flow into the economy of adequately and suitably qualified accounting professionals who are representative of the country’s demographics. This is done via various skills development initiatives at primary, high school and tertiary education level.

To drive this process and ensure its proper governance, SAICA established the Thuthuka Education Upliftment Fund (TEUF) in 2002. Through TEUF, SAICA focuses on two strategic objectives:

• to grow the number of CAs(SA), and

• to transform the demographics of the profession to match the country’s demographic profile.

Thuthuka is a Zulu verb meaning ‘to develop,’ and it reflects the action-based perspective with which transformation in the accounting profession is being driven.

LEGAL STATUS

The Thuthuka Education Upliftment Fund (TEUF) is a SAICA skills development implementation entity and is registered as a public benefit organisation in terms of section 18(A) of the Income Tax Act with its principal place of business at 17 Fricker Road, Illovo, Johannesburg, South Africa. A board of directors is responsible for the overall running and governance of TEUF.

The Thuthuka Bursary (TBF) operating under TEUF, states that its primary activity is assisting disadvantaged African and Coloured students to become chartered accountants (CAs[SA]).

OUR VALUE PROPOSITION

Our value proposition is to sustain the future of the chartered accountancy profession and transform its demographics by:

• advancing education;• empowering youth; and• sustaining the future of the CA(SA) profession

THUTHUKA

Learners at the Limpopo Development Camp spell out SAICA’s name to say thank you for the opportunity they have been given



THUTHUKATHUTHUKA

THUTHUKA IMPACT ON THE SAICA VALUE CHAIN (SINCE INCEPTION)

HIGH SCHOOL LEARNERS

SAICA MEMBER

AAT(SA)AGA(SA)CA(SA)

INFANTS - PRIMARY SCHOOL

LEARNERSSTUDENTS TRAINEES

PROSPECT (DISCHARGED

ITC AND PASSED ITC)

SECONDARY EDUCATION OUTREACH

Business development games: 3 749 learnersCareer awareness: over 1 million learnersDevelopment camps: over 24 000 learnersJunior Accounting Olympiad:9 580 learnersMaths & Science Academy: 170 learners Orphaned learner support: over 11 000 learners Senior Accounting Olympiad: over 34 000 learners

TERTIARY EDUCATION PROGRAMMES

Full-time CTA Programme: 3 158 bursariesPart-time CTA Programme: 1 577 bursaries/supportStudent Leadership Summit: 270 students (top 30 per year)University support programme: 2 900 bursaries/ students supportedCapacity-building programmes at HDIs: 8 608 bursaries

8 841BURSARIESTHUTHUKA

BURSARY FUND

PARENTAL SUPPORT INITIATIVE

ITC REPEAT SUPPORT PROGRAMME

SCHOOL GOVERNING BODY PROJECT

APC REPEAT SUPPORT PROGRAMME

EMS EDUCATOR SUPPORT

PROGRAMME

PARENTS

SCHOOLS TERTIARY INSTITUTIONS

TRAINING OFFICES

CTA EMPLOYMENT ALLOCATIONSTBF FUNDERS/TRAINING OFFICES

• Public sector• Financial services• Commerce & industry• Small & medium firms• Large firms

EDUCATORS ACADEMICS TRAINING OFFICERS

EXAMS(ITC AND

APC)EMPLOYERS

1 316BURSARIES

1 095BURSARIES

507TEACHERS

73MEMBERS

112SCHOOLS

PRIMARY EDUCATION OUTREACH

SAICA Quiz (Gr 7 career awareness): 891 learners

3 467PARENTS

HDI CAPACITY BUILDING

TVET CFO PROJECT41

MEMBERS

714TRAINING OFFICES

26TBF

FUNDERS

5UNIVERSITIESACCREDITED

649TRAINEES

IN THE PIPELINE 600

QUALIFIED CAS(SA)

OVER


80% OF SOUTH AFRICAN HIGH SCHOOLS* WERE PART OF A SAICA SCHOOL INITIATIVE.

IN 2017,

SCHOOL INITIATIVE IMPACT

47

9 PROVINCES1 MILLION LEARNERSIMPROVED THE LIVES & INFLUENCED THE CAREER CHOICES OF MORE THAN

ALLFROM

OVER THE PAST 15 YEARS.

ANNUAL SCHOOL PROGRAMMES, WE HAVE

THROUGH THUTHUKA’S

* SAICA’S LIMITS ITS INTERACTIONS TO HIGH SCHOOLS THAT ACHIEVED A 60% PASS RATE IN MATHEMATICS IN THE PREVIOUS YEAR’S MATRIC RESULTS

THE GOAL OF THUTHUKA’S SCHOOL PROJECTS IS TO SPREAD TWO KEY MESSAGES:

‘MATHS MATTERS’

‘CHOOSE CA(SA)’.

&


THUTHUKATHUTHUKA

Sbongakonke Ntsele, KZN’s “top accounting learner under adversity” celebrates her 7 distinctions with SAICA Project Manager, Lethukuthula Mkhize


TOTAL SCHOOL INTERACTIONS DURING 2017

THUTHUKATHUTHUKA

SCHOOL ECO-SYSTEM

KEY SCHOOL PROGRAMMES

141 769

5 1981 777

50080%*

LEARNERS

SCHOOLSPARENTS

TEACHERS

OF SA HIGH SCHOOLS

Making accounting an exciting subject choice for grades 9, 11 and 12

Roadshows, school visits, symposiums, etc.

Teaching entrepreneurial skillsFunded by Coronation Fund Managers

ACCOUNTING OLYMPIADS CAREER AWARENESS

BUSINESS GAMES

9 503 34 215

1 584

852 2 980

234

LEARNERS LEARNERS

LEARNERS

SCHOOLS SCHOOLS

SCHOOLS

Testing the numerical literacy rate of South Africa’s grade 7 learners

SAICA QUIZ

891119

LEARNERS

SCHOOLS

DBE NATIONAL

& DBE PROVINCIAL

CORPORATES & OTHER

PROFESSIONALS

DEVELOPMENT CAMPS

ACCOUNTING OLYMPIADS

CAREER PROMOTION

& EXTRA CLASSSES

SAICA QUIZ

EMS & PARENTAL SUPPORT

BUSINESS GAMES

LIFE ORIENTATION

(LO) BOOK

NECT

MATHS ACADEMY (MSAAS)

ISIBINDI ORPHANAGE

PROJECT

POST MATRIC LEADERSHIP

CAMPS

CA PROFESSION

(NATIONALLY) PROTEC

CORONATION FUND

MANAGERS

DEPARTMENT OF SOCIAL

DEVELOPMENT

DEPARTMENT OF HIGHER EDUCATION & TRAINING

IRBA

SAGE

AFRIKA TIKKUM

SCHOOLS(LEARNERS, EDUCATORS AND PARENTS)

SAICA

DONORS PROGRAMMES


TRUE COLLABORATION – SCHOOLSThe strength of all the school programmes that Thuthuka runs is achieved through the support of powerful partnerships. The initiatives are linked to the beneficiaries

through a network of relationships developed over many years. Through the power of collective collaboration, the complex structure is indicative of a strong network supporting Thuthuka's value-creating initiatives.

*HIGH SCHOOLS THAT ACHIEVED A 60% PASS RATE IN MATHS IN THE PREVIOUS YEAR’S MATRIC RESULTS


THUTHUKATHUTHUKA

Teaching assistance for EMS educators

EMS EDUCATOR WORKSHOPS

250 TEACHERS

Textbook and teaching guide for grade 8 and 9 LO curriculum

LIFE ORIENTATION (LO) SCHOOL BOOK

150 000 COPIES

Grade 10 and 11 supplementary Maths, English, Science and Accounting lessons for schools in Alexandra

Funded by IRBA

MATHS & SCIENCE ACADEMY OF ALEXANDRA SCHOOLS

1705

LEARNERS

SCHOOLS

Teaching parents the importance of the right subject choice

PARENT SUPPORT INITIATIVE

1 777 PARENTS

University preparedness and exam techniques for top matric learners from Protec’s school phase initiativesFunded by Protec

POST MATRIC LEADERSHIP CAMP

2782

LEARNERS

CAMP CENTRES CATERING FOR 5 PROVINCES

CAs(SA) helping schools improve their financial management and governance

SCHOOL GOVERNING BODY (SGB) PROGRAMME

11273

SCHOOLS

MEMBERS

Developing maths and accounting skills for grades 10, 11 and 12

DEVELOPMENT CAMPS

3 776 LEARNERS

SCHOOL INITIATIVE HIGHLIGHTS

THUTHUKA INITIATIVES PRODUCE TOP MATRICS

The major hurdle the accounting profession faces, along with other scarce-skill professions, is the reduced number of learners passing maths with above 60%. This means that we are collectively fighting for a slice of the same shrinking pie. Despite this, the profession has been successful in sustaining its pipeline: at a tertiary level, African and Coloured students now make up 60% of the annual first year accounting degree intake. This is directly linked to the success of Thuthuka’s career awareness projects which include our annual Olympiads, academic support programmes and development camps. These recognise academic talent and nurture an interest in chartered accountancy as a career of choice.

Year after year, we see that participants in these interventions have an advantage over their peers going into their final matric exams. And while not every learner who participates in these programmes seeks to become a CA(SA), our desire is to grow these initiatives – irrespective of the professions learners wish to pursue and with the view of creating a pool of learners for all scarce-skills professions (see more in the ISFAP section of this report on page 32).

THE 2017 TOP PERFORMING LEARNERS WERE:

• Reamohetse Mofitiso, who participated in the Eastern Cape Development Camp, achieved seven distinctions and was crowned the top national achiever in quintile 1. Reamohetse is pursuing actuarial science at the University of Cape Town (UCT).

• Mogopodi Molusi, Northern Cape Development Camp attendee, was the third best maths learner in the country and achieved six distinctions in his matric exams. Molusi is studying Medicine at UCT.

• Mphoentle Piliso, an Eastern Cape Development Camp attendee, bagged seven distinctions and the title of South Africa’s best performing quintile 3 learner. Mphoentle is doing a degree in medicine at UCT.

• Sbongakonke Ntsele benefited from SAICA’s Thuthuka feeder programme. She was recognised as KZN’s top accounting learner against adversity after clinching seven distinctions in her matric exams. Sbongaknoke is studying a BCom Accounting Science degree at UCT.

• Philip Visage’s 100% pass mark earned him the title of “top accounting learner in the Western Cape”. Philip placed second in the province in the 2017 SAICA Accounting Olympiad and is pursuing a BAccLLB at Stellenbosch University.

The Eastern Cape’s top learner, Reamohetse Mofitiso, celebrates his matric success with Eastern Cape MEC for Basic Education, Mandla Makupula, and

Eastern Cape Premier, Phumulo Masualle (Picture credit: Lubabalo Nyakambi)


THE GOAL OF THUTHUKA’S UNIVERSITY PROJECTS IS TO MAXIMISE THE THROUGHPUT PASSES OF

WHO GO ON TO QUALIFY AS CAs(SA). STUDENTS

763

546649

600TRANSFORMATION IN ACTION!THUTHUKA

AFRICAN AND COLOURED STUDENTS ARE CURRENTLY DOING THEIR SAICA-ACCREDITED UNDERGRADUATE BCOM DEGREE

STUDENTS ARE DOING THEIR CTA (HONOURS EQUIVALENT)

THUTHUKA TRAINEES ARE COMPLETING THEIR 3-YEAR TRAINING CONTRACT

STUDENTS ARE NOW PRACTICING AS QUALIFIED CHARTERED ACCOUNTANTSOVER

THANKS TO THE

THUTHUKA BURSARY FUND:

UNIVERSITY INITIATIVE IMPACT

=

THUTHUKATHUTHUKA

Thuthuka students at UniZulu celebrate their graduation


UNIVERSITY ECO-SYSTEM

UNIV

ERSI

TY O

F JO

HAN

NES

BURG

UNIV

ERSI

TY O

F THE

WIT

WAT

ERSR

AND

UNIV

ERSI

TY O

F CAP

E TO

WN

NEL

SON

MAN

DELA

MET

ROPO

LITA

N UN

IVER

SITY

UNIV

ERSI

TY O

F STE

LLEN

BOSC

H

UNIV

ERSI

TY O

F PRE

TORI

A

UNIV

ERSI

TY O

F THE

FREE

STA

TE

NOR

TH W

EST

UNIV

ERSI

TY

RHOD

ES U

NIV

ERSI

TY

UNIV

ERSI

TY O

F THE

WES

TERN

CAP

E

UNIV

ERSI

TY O

F LIM

POPO

UNIV

ERSI

TY O

F FOR

T HA

RE

UNIV

ERSI

TY O

F KW

A-ZU

LU N

ATAL

NATIONAL SKILLS

FUND

NATIONAL RESEARCH

FOUNDATION

NSFAS

THUTHUKA BURSARY

FUND

THUTHUKA UNDERGRADUATE

SUPPORT PROGRAMME

FULL-TIME CTA

PROGRAMME

CAPACITY BUILDING

PROGRAMME

APC REPEAT

CORPORATEDONORSPUBLICSECTOR

FASSET

BANKSETA

FIRST RAND FOUNDATION

UNIVEN

UNIZULU

WSU

MINING SECTOR

FOUNDATIONS

SMALL & MEDIUM FIRMS

LARGE FIRMS

FINANCIAL SECTOR

COMMERCE & INDUSTRY

INDIVIDUALS

CAREER PROMOTION

AND SLS

SAICA

DO

NO

RSPR

OG

RAM

MES

TOTAL UNIVERSITYINTERACTIONS DURING 2017

2 800 1780STUDENTS

OVER

UNIVERSITIESACADEMICS

KEY UNDERGRADUATE PROGRAMMES

Building capacity at historically disadvantaged institutions (HDIs) through accreditation

Enhancing the awareness of the CA(SA) designation among BCom students

Supporting financially needy African and Coloured aspiring CAs(SA) at universityMain sponsors: MMI Holdings, PwC, Deloitte, Excel

Academy & SAICA

Instilling responsible leadership in aspiring CAs(SA)

CAPACITY BUILDING PROGRAMMES CAREER PROMOTION

THUTHUKA BURSARY FUNDSTUDENT LEADERSHIP SUMMIT (SLS)

WSU, UNIZULU & UNIVEN UNIVERSITIES

STUDENTS

UNIVERSITIES

STUDENTS ENTERED

STUDENTS ATTENDED SLS

UNIVERSITIES

TOP

17

859

9188

3018

UNIVERSITY

THUTHUKATHUTHUKA

TRUE COLLABORATION – UNIVERSITIESThe strength of all the university programmes that Thuthuka runs is achieved through the support of powerful partnerships. The initiatives are linked to the beneficiaries

through a network of relationships developed over many years.Through the power of collective collaboration, the complex structure is indicative of a strong network supporting the value-creating initiative.



KEY POSTGRADUATE PROGRAMMES

THUTHUKA STUDENTS IN CTA TOP 10Each university that offers a SAICA-accredited CTA (Honours) postgraduate degree awards its topten students at the end of the year. Below is a list of the Thuthuka funded students who appeared on their institutions top 10 list:

Funded by FassetPart-time academic and skills support for repeat APC candidates

APC SUPPORT PROGRAMMES

STUDENTS161

CTA (honours) students who completed their undergraduate degree at the two SAICA-supported HDIs (Walter Sisulu University and the University of Limpopo), pursue their CTA at

CAPACITY BUILDING PROGRAMMES (CTA SUPPORT)

UJ, UCT & UFH

Instilling responsible leadership traits (3rd year TBF students and CTA students)

RESPONSIBLE LEADERSHIP

STUDENTS1 036

Funded by the National Research Foundation

Supporting graduates from Thuthuka’s undergraduate programmes throughout their postgraduate studies

FULL-TIME CTA PROGRAMME

STUDENTS

UNIVERSITIES

578

12

RHODES UNIVERSITY: 2 THUTHUKA STUDENTS

UNIVERSITY OF PRETORIA: 2 THUTHUKA STUDENTS

UNIVERSITY OF LIMPOPO: 7 THUTHUKA STUDENTS

UNIVERSITY OF THE WESTERN CAPE: 10 THUTHUKA STUDENTS

MOTHEPA RAFAPA

YINGISANI MALULEKE #5

KLASS MAMMUPUDU MACHACHA #1

KWANELE GOODLUCK HLOPHE

BVUMA FORTUNATE

JOSHUA MORGAN

MOSIMA ALINA MOJAPELO

SBONGISENI THABANI NGUBANE

ZAMISA NGUBAMANDLOVU

THATO MOLOI

MULWELI ELIA RAKHADANI

MATTHEW REID ADAMS

MOGAMAT-NUR MARCUS

KGOTHATSO MONHLA KEKANA

KIRSTEN WOODMAN

MAMOGALE VALENTIA BOGOPA

ROMY LAMBERT

RABELANI NELUHENI

JUANAYE HENDRICKS

DARREN FLORENCE

THUTHUKATHUTHUKA


WSU UNDERGRADUATE DEGREE GAINS SAICA ACCREDITATION In 2017, Walter Sisulu University (WSU) met all the accreditation criteria set by SAICA in order to be able to offer BCom Accounting degrees to prospective chartered accountants. This accreditation would not have been possible without:

• the partnership between the University of Cape Town (UCT) and WSU to provide the appropriate capacity-building support and staff development;

• continued financial support from the National Skills Fund; and

• the leadership of the WSU. Their vision and continued support for the implementation of this capacity-building project was of vital importance.

Getting HDIs such as WSU accredited is imperative for the profession because we understand that through this, we contribute to building a better nation by providing the poorest of the poor with opportunities to enter into professional programmes and access to the quality of education available in the rest of the country. To date, four of the six recognised HDIs have been accredited with the remaining two HDIs currently in the process of obtaining their SAICA accreditation.

STELLENBOSCHTHUTHUKA

years10CELEBRATING TEN YEARS OF SU THUTHUKAThe University of Stellenbosch’s School of Accountancy has celebrated its ten year anniversary as a Thuthuka University. On Thursday, 12 October 2017, the university hosted a donor appreciation breakfast to acknowledge the invaluable financial and non-financial support and commitment received from donor firms, SAICA, various Stellenbosch University administrative departments, stakeholders and friends of the programme.

In his keynote address, Western Cape Minister of Social Development, Albert Fritz, spoke of how Thuthuka gives disenfranchised youth the means to combat the cycle of poverty through education – especially for children who ‘have the aptitude but not the financial means to continue beyond matric due to their marginalised position.’ The Minister praised donors for the pivotal role they play in this programme since ‘it would not have been possible to do so if not for their commitment and financial contribution. The nature of the programme also calls on non-financial aid and the donors have always been willing to contribute time and human capacity to the students in the Thuthuka Programme.’

STUDENT LEADERSHIP SUMMIT (SLS) CELEBRATES ITS NINTH YEARSAICA takes great care in instilling the values of responsible leadership in all of those who study towards becoming a CA(SA). It is against this backdrop that the institution created the SLS nine years ago.

Through the SLS, SAICA encourages chartered accountancy students to be responsible leaders by applying their minds to issues of national and professional importance and also to think about how, as young professionals, they can use their skills to help address these issues and ensure that the challenges flagged in the NDP as stumbling blocks for the country’s developmental are overcome.

According to the judging panel who selected the top 30 university students who attended the 2017 SLS, responsible leaders need to have the perfect mix of insight, foresight, research and innovation to create solutions that will make a real and positive impact on society.

Klerksdorp’s Thsireletso Bogastu, a 19 year old student from the University of the Free State (UFS), demonstrated these characteristics when she clenched the first place for her insightful and solution-driven essay that revealed how, as a budding chartered accountant, she plans to use her acquired academic and leadership skills to help close South Africa’s large wealth gap.

of inspiring success2007 - 2017


ACADEMIC SEMINAR

80 17ACADEMICS INSTITUTIONS

BUILDING CAPACITY AMONG AFRICAN AND COLOURED CAs(SA) WHO ARE IN ACADEMIA

UNIVERSITY INITIATIVE HIGHLIGHTS

THUTHUKATHUTHUKA


Thanks to the accreditation of its accounting degree, WSU students can now enjoy the same education quality as those at other leading institutions

Walter Sisulu University Head of Department, Francis Kwahene, shares his thoughts on “what they don’t tell you when you start a career in academia” with

Academic Seminar facilitator Riyaan Mabutha and the academics in attendance

2017 SLS top 3 Bukani Mbutho (second runner-up), Tshireletso Bogatsu (winner) and Duane Rensburg (first runner-up) pictured with the Deputy

Auditor-General Tsakani Ratsela


SECTION HEADING THUTHUKA

BONGILECOLLEEN

TALENT

JAMESADAMS

MTHIYANE

SUCCESS STORIES


THUTHUKA

TBF BENEFICIARY AND QUALIFIED CA(SA) AT RAND MERCHANT BANK

TBF BENEFICIARY AND QUALIFIED CA(SA) AT PWC

TBF BENEFICIARY AND QUALIFIED CA(SA) AT DELOITTE SA

TBF BENEFICIARY AND CA(SA) TRAINEE AT GRANT THORNTON SOUTH AFRICA

MOKHACHANE KHOTSO

‘Today, the son of a mineworker is a Chartered Accountant.’

Orphaned at the age of 13, getting a bursary was Bongile’s only way out of poverty.

Today Bongile is a qualified CA(SA) and bread winner to his family thanks to the Thuthuka Bursary Fund.

‘Qualifying as a CA(SA) would not have been possible without both the financial and non-financial support that Thuthuka offers. I am yet to hear of another programme that goes to the type of lengths to develop and invest in the potential of individuals who do not have a fair chance in succeeding. The passion and dedication with which this programme is implemented is unparalleled. The fund recognised other needs and support that we, as students, needed on our CA(SA) journey.’

‘Sometimes you just need someone who will believe in you and will help you to shine the light that exists within all of us.’

Talent’s Mthiyane’s Thuthuka journey started in her matric year when SAICA hosted maths, accounting and English Saturday classes for Grade 12 learners at her school. That year, Talent also attended the SAICA Development Camp, where she learnt more about what becoming a CA(SA) entailed.

With the help of Thuthuka’s extra classes, Talent obtained distinctions in all her subjects and was awarded a Thuthuka Bursary, which she says ‘changed my life because it alleviated the financial burden of having to send me to university from my family.’

'…had it not been for the Thuthuka Bursary Fund, I would have just been another statistic...’

With only his mom funding his secondary education studies, Khotso Mokhachane relied on school bursaries to get him through matric and even those were not enough to cover his tuition in full. He didn’t have much hope of going to university.

If it had not been for the Thuthuka Bursary Fund, Khotso says, he would have been ‘just another statistic of a child who had potential but could not make it due to a lack of capital and resources.’


0103THE IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)OVERVIEW 34


ISFAP 2017 PILOT STATS 35


The ISFAP pilot has proven to be a viable solution for the missing middle’s higher education funding crisis


THE IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)THE IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)

OVERVIEW

ISFAP launched its pilot in January 2017 as part of the national effort to solve for the funding challenge faced by missing middle students and which culminated in the country’s #FeesMustFall protests.

The programme funds students from households that earn R0 – R600 000 and provides them with full cost of study as well as wrap around support.

ISFAP’s strategic intent is that the programme “seeks to secure the future of South African's youth by providing needs-based assistance to students from poor and working classes to acquire a broad set of knowledge, skills and character traits that will significantly improve their meaningful participation in the growth of the economy, thereby advancing equal opportunity and equitable income distribution for all South Africans.”

The key strategic objectives of the programme, as derived from its strategic intent, are to:

1. promote progressive support to financially needy students in order for them to access higher education;

2. improve the efficiency of the new funding model over the country’s current higher education funding model;

3. align the skills promoted by the model with the NDP and Human Resources Development Council Strategy;

4. reduce the dropout rate of poor students; and5. improve all stakeholders’ skin in the game,

by creating a shared and common vision for education in South Africa.

THE IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)

ISFAP 2017 PILOT STATS

KEY PERFORMANCE METRICS FROM THE 2017 PILOTACADEMIC RESULTS

NUMBER OF STUDENTS ON THE PILOT 697

NUMBER OF NSFAS STUDENTS TOPPED UP 163

NUMBER OF DROP OUTS FROM THE PILOT 26

AVERAGE MARKS ACHIEVED BY STUDENTS 60%

PASS RATE OF STUDENTS ON THE PILOT 95%

NUMBER OF STUDENTS THAT FAILED 5**

WRAP AROUND SUPPORT

NUMBER OF STUDENTS ACTIVELY ENGAGED IN WRAP AROUND SUPPORT SERVICES 232

DROPOUT RATE OF LESS THAT 5%

STUDENTS ENROLLED 697

TERTIARY INSTITUTIONS PARTNERED WITH 8

PROFESSIONAL PROGRAMMES FUNDED 14

ISFAP 2017 STUDENT DISTRIBUTION

*FUNDED BY RINGFENCED FUNDING**AWAITING DATA FROM WSU, UKZN AND TUT

UNIVERSITIES MEDICAL DOCTORS PHARMACISTS ACTUARIES ENGINEERS CHARTERED

ACCOUNTANTSPROSTHETISTS/PHYSIO

TECHNICAL (ARTISANS)

HUMANITIES (SELECTED MAJORS)

BSC MATHS OF FINANCE

BCOM GENERAL

BCOM ECONOMICS

BCOM PPE OTs NURSES TOTAL

UNIVERSITY OF VENDA 12 8 4 25 49

WALTER SISULU UNIVERSITY 45 3 3 1 20 72

UNIVERSITY OF THE WITWATERSRAND 22 27 47 28 8 132

UNIVERSITY OF CAPE TOWN 84 1 11 20 96

UNIVERSITY OF PRETORIA 7 127 52 2 2 190

TSHWANA UNIVERSITY OF TECHNOLOGY

13 16 22 51

UNIVERSITY OF KWAZULU NATAL 77 10 87

ORBIT TVET 20* 20

TOTAL 228 12 35 195 79 35 20 22 11 2 0 2 36 20 697

Strong focus on strengthening, developing and promoting professions and OHDs

Provide non-capped funding to students to cover all necessities

Provide psycho-social support services to students to ensure overall well-being

Combination of grants and loans provided depending on household means

Leverage integrated digital platforms to interface with stakeholders

Assist tertiary institutions with optimising curricula and resources to suit the local context and student needs

PROFESSIONS DEVELOPMENT

FULL COST OF STUDY

WRAP AROUND SUPPORT

BLENDED FUNDING

TECHNOLOGY FOCUS

CAPACITY BUILDING


THE KEY ACHIEVEMENTS OF THE 2017 PILOT HIGHLIGHT THAT ISFAP IS A VIABLE & IMPACTFUL SOLUTION FOR HIGHER EDUCATION FUNDING AND STUDENT SUPPORT.



Our trainees tell us how they are going to add value to the country when they are qualified CAs(SA) (pictured at CA Nights Cape Town)

PROFESSIONAL DEVELOPMENT OVERVIEW 38

PROFESSIONAL DEVELOPMENT’S MANDATE 38

IMPROVEMENT IN RACIAL REPRESENTATION AND DIVERSITY IN CA(SA) MEMBERSHIP STATISTICS

39

FORMAL ASSESSMENTS 39

ITC 2017 39

APC 2017 40

TRAINING 40

ACADEMIC TRAINEES AND ACADEMICS 41


SECTION HEADINGPROFESSIONAL DEVELOPMENT

PROFESSIONAL DEVELOPMENT

FORMAL ASSESSMENTSOne of the key focuses of the Unit is to develop the overall strategy for Professional Development (pre-qualification) in line with new trends and best practice (primary focus is on relevance and quality).

It, therefore, falls under the Professional Development Unit’s mandate to protect the standards of the CA(SA) qualification through ongoing development and maintenance of the following two assessments which together form the Qualifying Examinations:

• Initial Test of Competence (ITC) – the objective of this standard setting exam is to assess technical competence; and

• Assessment of Professional Competence (APC) – the objective of this uniform assessment is to assess professional competence.

PROFESSIONAL DEVELOPMENT’S MANDATE

Professional Development’s primary purpose is to ensure that persons who qualify for registration as CAs(SA) and AGAs(SA) at entry level have the relevant competence (knowledge, skills, ETHICS and attitudes) to perform the duties expected of them. Its further responsibility is to foster a culture of life-long learning in prospective members and associates of SAICA to enable them to enhance and maintain their professional competence and relevance post qualification.

Thus Professional Development exists to ensure that persons who qualify to be registered as CAs(SA) and AGAs(SA) develop the necessary technical and professional competence through

the combination of the academic, professional and training programmes (required work experience), in order to meet the prescribed levels of technical and professional competence of an entry level accountant [CA(SA)/AGA(SA)]. This will enable the SAICA mission of promoting and enhancing the Profession through the delivery of members and associates of SAICA who are relevant and competent to perform their roles.

This competence is independently assessed by SAICA through its Qualification Examinations (ITC and APC).

The impact of the Professional Development Unit is, thus, best represented by looking at a snapshot of how the SAICA membership base and education data has changed in 2017.

IMPROVEMENT IN RACIAL REPRESENTATION AND DIVERSITY IN CA(SA) MEMBERSHIP STATISTICS:

ITC 2017:

AFRICAN COLOURED INDIAN WHITE UNKNOWN

KEYS

CURRENT SAICA CA(SA) MEMBERSHIP STATISTICS 2017

CA(SA) AGA(SA)

VERSUS 2016 VERSUS 2002 (WHEN THUTHUKA BEGAN)

72.9% 73.8% 92.3%

11.6%

11.3% 11.2%

3.6% 3.5%

1%4.9%

0.6% 0.6% 0.3%

10.9%

1.5%

2017 ITC RESULT BY UNIVERSITY: FIRST TIMERS

CTA UNIVERSITY NAMENUMBER OF CANDIDATES WHO PASSED

NUMBER OF CANDIDATES WHO WROTE

PERCENTAGEPASSES

MONASH SOUTH AFRICA 54 96 56%NELSON MANDELA METROPOLITAN UNIVERSITY 53 60 88%

NORTH-WEST UNIVERSITY 93 99 94%

RHODES UNIVERSITY 29 39 74%

UNIVERSITY OF CAPE TOWN 271 307 88%

UNIVERSITY OF FORT HARE 37 50 74%

UNIVERSITY OF THE FREE STATE 36 49 73%

UNIVERSITY OF JOHANNESBURG 239 276 87%

UNIVERSITY OF KWAZULU-NATAL 76 98 78%

UNIVERSITY OF PRETORIA 175 196 89%

UNIVERSITY OF SOUTH AFRICA 338 492 69%

UNIVERSITY OF STELLENBOSCH 176 205 86%

UNIVERSITY OF THE WESTERN CAPE 31 45 69%

UNIVERSITY OF THE WITWATERSRAND 157 176 89%

GRAND TOTAL 1 765 2 188 81%

PROFESSIONAL EXAMINATIONAssessment of

Professional Competence (APC)

formal competency-based academic education

(academic programme) - SAICA ACCREDITED

UNDERGRADUATE PROGRAMME

Formal competency-based professional education (professional programme)

Formal competency-based academic education (academic programme) STANDARD

SETTING EXAMInitial Test of

Competence (ITC)

2017 2016 2002

COM

PETE

NCY

FRA

MEW

ORK

COM

PETE

NCY

FRA

MEW

ORK

PRACTICAL EXPERIENCE

(Training Programme)

PRACTICAL EXPERIENCE

(Training Programme)

OVERVIEWThe ultimate objective for the CA profession is to ensure that membership growth occurs representatively in terms of race and gender. Education is perhaps the most important engine of the CA profession’s growth and success. Professional Development achieves its objectives through:

1. defining relevant content (competency framework); and

2. defining a robust delivery model / qualification process (comprising of the academic programme, the professional programme, the training programme and professional assessments)

The qualification processes are as follows:



40 SAICA NATION BUILDING REPORT 2017 SAICA NATION BUILDING REPORT 2017 41

MSA

RU

UFS

NMMU

UCT

UJ

NWU

UFH

UKZN

UP

UNISA

SUN

UWC

WITS

2017 ITC PASSES % OVERALL NUMBER OF STUDENTS DELIVERED TO THE ITC BY UNIVERSITY

APC 2017:

# QE 1ST ATTEMPT PASSES

0% 2% 4% 6% 8% 10% 12% 14% 16% 18% 20%

TOTAL PASSESPERCENTAGE

PASSES

AFRICAN 1 072 708 69%

COLOURED 181 145 80%

INDIAN 395 332 84%

WHITE 1 102 979 89%

OTHER 4 4 100%

TOTAL 2 703 2 168 80%

TRAININGWithin the training framework, it is the Professional Development Unit’s responsibility to:

• ensure that prospective CAs(SA) receive training and experience of the necessary range and depth reflective of international best practice within the South African context; and

• ensure that the required competence is obtained through applying theoretical knowledge to practical skills under the direction and supervision of experienced and qualified members.

TRAINING OFFICE STATISTICS AT 30 JUNE 2016 AND 30 JUNE 2017:

TRAINING OFFICE SIZE

TRAINEES 2016

TRAINEES2017

% 2016

%2017

LARGE TRAINING OFFICE (<100) 2 629 2 872 26% 30%

MEDIUM TRAINING OFFICE (<99) 1 820 2 504 18% 26%

SMALL TRAINING OFFICE (<30) 5 806 4 326 56% 44%

TOTAL 10 255 9 702 100% 100%

ACADEMIC TRAINEES AND ACADEMICS

The number of academic trainees increased from 106 in 2016 to 117 in 2017. For the first time since the Academic Traineeship Programme was established, more than half of the demographic makeup of appointed academic trainees are African. It is clear from this information that the accredited universities are improving their attraction strategies to ensure future transformation in academia.

2016

2017

AFRICAN COLOURED INDIANWHITE

20 40 60 80 100 1200

ACADEMIC TRAINEES BY YEAR

2015

2016

AFRICAN COLOURED INDIANFROM AFRICA INTERNATIONAL

WHITENOT TEACHING ON CA PROGRAMME

20 40 60 80 100 1200

ACADEMICS BY YEAR

PROFESSIONAL DEVELOPMENT PROFESSIONAL DEVELOPMENT

TRAINEE STATISTICS AT 30 JUNE 2016 AND 30 JUNE 2017:

RACE3 YEAR CONTRACT 4 YEAR CONTRACT 5 YEAR CONTRACT

TOTALLARGE MEDIUM SMALL TOTAL LARGE MEDIUM SMALL TOTAL LARGE MEDIUM SMALL TOTAL

AFRICAN 949 1 101 895 2 945 18 157 295 470 5 9 115 129 3 544

COLOURED 183 130 192 505 0 10 70 80 2 3 118 123 708

INDIAN 467 340 317 1 124 1 6 45 52 2 9 145 156 1 332

WHITE 1 191 660 954 2 805 4 24 203 231 10 35 923 968 4 004

OTHER 39 18 24 81 0 2 9 11 1 0 21 22 114

TOTAL 2 829 2 249 2 382 7 460 23 199 622 844 20 56 1 322 1 398 9 702


SECTION HEADING

Qualified CAs(SA) Kayalethu Nodada, Siphosethu Ntswayi and Sandile Phillip inspired Western Cape trainees to stay the path at the first CA Nights event

In 2017, SAICA hosted its first ever CA Nights trainee events which focus on helping trainees stay the path by sharing the “journeys to greatness” of young CAs(SA) as well as instilling the profession’s responsible leadership traits into aspiring members.

Taking the form of a Ted-Talk style chat, trainees in the Western Cape and Gauteng where enthralled by the “journeys to greatness” of our members as well as special guests speakers such as the renowned Vusi Thembekwayo.

Through SAICA’s CA Nights exclusive trainee events, we aim to show that, with a CA(SA) qualification, there are limitless opportunities open to trainees regardless of whether they wish to pursue a career within the traditional business sector or not.

PROFESSIONAL DEVELOPMENT PROFESSIONAL DEVELOPMENT

SUCCESS STORIES

TRAINEES: CA NIGHTS INITIATIVES

EXAMS: MOVING CAS(SA) INTO THE DIGITAL AGESAICA’s Assessment of Professional Competence (APC), the second of two qualifying assessments, measures a candidate’s ability to use and apply their technical knowledge in a real world context by setting tasks that entry level CAs(SA) are expected to be able to complete in the working world. Candidates become eligible to write the APC after passing the Initial Test of Competence (ITC), successfully completing an accredited professional programme and completing a minimum of 20 months in a registered training contract with a SAICA accredited training office.

For this reason, the APC, which takes the form of a written competency-based assessment, places emphasis on pervasive skills (ethics, personal attributes and professional skills) and assesses whether candidates can demonstrate their professional competence through the application of their acquired skills and technical knowledge in a multi-disciplinary case study as well as assesses their behaviour during the case study period.

While many still see “accountants” as traditional bean counters, the role CAs(SA) play in the world of business is an ever evolving one. To this end, SAICA has continued to make changes to the focus of the CA(SA) qualification, which includes changes to the way prospective CAs(SA) are assessed.

In 2017, SAICA’s APC exam venues looked very different from previous years when approximately 66% of APC candidates chose to complete the exam electronically. In doing so, these candidates represent how SAICA is making its goal of assessing candidates in a real world context a reality. By using a computer with a secure software package to “write up” their responses to the assessment tasks, SAICA is illustrating the real life workplace environment that the assessment continues to simulate.

Over 66% of aspiring CAs(SA) wrote the November 2017 APC exam electronically



0105SAICA 2017 ANNUAL INTEGRATED REPORT 45

AT(SA) General Manager, Nadine Kater, speaking at the AT(SA) book launch

ACCOUNTING TECHNICIAN SOUTH AFRICA (AT[SA])OVERVIEW 46

LEGAL STATUS 46


AT(SA) IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION) 48

AT(SA) IMPACT 50

AT(SA) ECO-SYSTEM 52

TOTAL AT(SA) INTERACTIONS DURING 2017 54

KEY AT(SA) INITIATIVES 54

AT(SA) HIGHLIGHTS 56

AT(SA) SUCCESS STORIES 58



ACCOUNTING TECHNICIAN SOUTH AFRICA (AT[SA])


OVERVIEWAccounting Technician South Africa (AT[SA]) is a leading, trusted professional body dedicated to the education, development, regulation and support of accounting technicians in South Africa.

As SAICA’s entry-level qualification in accounting, AT(SA)’s private and public sector qualifications offer students and employees a flexible and developmental career progression pathway. By providing foundation through to advanced level accounting knowledge, skills and competencies, AT(SA) seeks to improve career progression and employability of its members and deliver competent work-ready graduates and upskilled citizens already in employment, and thus contribute towards addressing South Africa’s financial management skills shortage.

LEGAL STATUSAT(SA) is an associate of SAICA. Together with SAICA, AT(SA) represents confident, skilled accounting technicians who are committed to upholding the highest professional standards and ethics.

OUR VALUE PROPOSITION: Accounting technicians play a key support role in accounting, finance and business – competently working across all sectors of the economy to improve organisational productivity and efficiency. Through partnerships between business, government, academia and the community, AT(SA) seeks to improve the lives of disadvantaged citizens by:

• advancing access to education and providing routes to entry by improving the quality and capacity of South Africa’s tertiary education system for those who wish to enter the accounting profession;

• addressing the country’s skills shortage by providing a qualification that makes sustainable and meaningful employment possible;

• enhancing the employability of South Africa’s youth by producing work-ready graduates and employees; and, in so doing,

• advancing the competitiveness of the economy by creating better functioning accounting and finance departments in both the public and private sectors.


AT(SA) project director, Trudy Paul, at an AT(SA) graduation event



AT(SA) IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION)

WORK-READINESS TRAINING

STUDENTS & EMPLOYEES

SAICA MEMBER AT(SA)

POTENTIAL AGA(SA) AND

CA(SA)

ACADEMICS ACCREDITED TVETS

ACCREDITED UoTs

POTENTIAL CAREER PROGRESSION PATH

MUNICIPALITY / GOVERNMENT

EMPLOYERS

OVER 480 QUALIFIED ATs(SA)1 812 ATs(SA) IN THE PIPELINEAT(SA) MEMBERSHIP STATS:

1 812 Red (student) members78 Silver members133 Gold members236 Platinum members33 Diamond members

TERTIARY EDUCATION PROGRAMMES

TVET College Training Programme: 960 students at 11 institutionsUoT Capacity Building Project: 280 students at 7 institutionsLecture Development Initiative: 95 lecturers at 18 institutions

PUBLIC AND PRIVATE SECTOR PROGRAMMES

Private Sector Employers: 1 182 students & employeesPublic Sector Employers: 5 174 students & employeesPublic Sector Financial Management Skills Development: 155 municipalities / government offices

FET & TERTIARY CAPACITY BUILDING PROJECTS: 18

INSTITUTIONS

MUNICIPALITY / GOVERNMENT

EMPLOYERSPRIVATE SECTOR

EMPLOYERSTRAINING PARTNERS

SKILLS DEVELOPMENT

FET & TERTIARY INSTITUTIONS

ACCOUNTING TECHNICIAN SOUTH AFRICA (AT[SA]) ACCOUNTING TECHNICIAN SOUTH AFRICA (AT[SA])


AT(SA) IMPACT

&

NATIONWIDE OVER THE PAST NINE YEARS

42 TVET, UOT AND PUBLIC AND PRIVATE SECTOR PROGRAMMES,

THROUGH

AT(SA)’S SKILLS DEVELOPMENT AND CAPACITY BUILDING PROJECTS, SAICA IS

THROUGH

AT(SA) HAS PROVIDED WORK-READINESS QUALIFICATION AND CAREER ADVANCEMENT OPPORTUNITIES TO OVER

7 400 STUDENTSEMPLOYEES

THE COMPETITIVENESS OF THE ECONOMY AND CREATING BETTER FUNCTIONING ACCOUNTING AND FINANCE DEPARTMENTS IN BOTH

ADVANCING

THE PUBLIC

PRIVATE SECTORS

&


Nadine Kater, AT(SA) General Manager, finding out more about members’ needs at the AT(SA) Training Partner Conference


AT(SA) ECO-SYSTEM


DO

NO

RSPR

OG

RAM

MES

LECTURE DEVELOPMENT

INITIATIVE

TVET COLLEGE CAPACITY BUILDING

POST SCHOOL TRAINING PROJECT

SASSETA

LGSETA

WRSETA

MERSETA

FASSET

PSETA

INSETA

BANKSETA

PUBLIC SECTOR & LOCAL

GOVERNMENT ACCOUNTING TECHNICIAN

QUALIFICATION

MUNICIPALITIES &

GOVERNMENT OFFICES

NATIONAL TREASURY

SAICA

PRIVATE SECTOR TRAINING PARTNERS

SETAs

PRIVATE SECTOR

PROGRAMME

WORK INTEGRATED

LEARNING (WIL) PROGRAMME

UNIVERSITY OF TECHNOLOGY (UoT) CAPACITY BUILDING AND POST SCHOOL

TRAINING PROJECT

FIRSTRAND FOUNDATION

SCHOOL LEAVERS(AIM: WORK PLACE

READINESS AND EMPLOYABILITY)

EMPLOYEES(AIM: CAREER PROGRESSION OF EMPLOYER & FINANCIAL DEPARTMENT

CAPACITATION)

DONORS

PROGRAMMES

FUNDING

EMPLOYEE PROGRESSION

STUDENT ABSORPTION INTO THE BANKING SECTOR

KEYS

TRUE COLLABORATION – AT(SA)The strength of all the programmes that AT(SA) runs is achieved through the support of powerful partnerships. The initiatives are linked to the beneficiaries through a

network of relationships developed over many years. Through the power of collective collaboration, the complex structure is indicative of a strong network supporting AT(SA) value-creating initiatives.

7 476

2 174

STUDENTS AND EMPLOYEES

PUBLIC SECTOR EMPLOYEES

LECTURERS

MUNICIPALITIES / GOVERNMENT OFFICES

PRIVATE TRAINING PARTNERS

TVET COLLEGES

UoTs

95

155

42

11

7

KEY AT(SA) INITIATIVES

TOTAL AT(SA) INTERACTIONS DURING 2017

Professional public sector customised training to address skills shortages in government institutions from entry- to mid-levels, and to improve audit reports and, ultimately, service delivery

Building academic capacity at TVETs and UoTs

Rolling out of the AT(SA)'s NQF level 4 qualification for UoTs to expand their offering in finance and accounting faculties

Capacitating TVET colleges to expand opportunities for students wishing to enter the accounting profession

Creating and upskilling private sector company work programmes to better their employees’ career progression

SKILLS DEVELOPMENT: PUBLIC SECTOR FINANCIAL MANAGEMENT QUALIFICATION

BUILDING ACADEMIC CAPACITY AT TVETs AND UoTs

CAPACITY BUILDING: UNIVERSITY OF TECHNOLOGY (UoT) CAPACITY BUILDING AND POST SCHOOL TRAINING PROJECT

SKILLS DEVELOPMENT: TECHNICAL VOCATIONAL EDUCATION TRAINING (TVET) COLLEGE TRAINING PROGRAMME

SKILLS DEVELOPMENT: PRIVATE SECTOR TRAINING PROGRAMME

In partnership with the Banking Sector Education and Training Authority (BANKSETA)

In partnership with the BANKSETA

5 174

95

280

155

7

880

1 182

11

42

65%

11

7

STUDENTS (PSAQ LEVEL 3 AND 4)

LECTURERS

STUDENTS

AVERAGE GRADUATION RATE

ACCREDITED TVETs

UoTs

GOVERNMENT OFFICES / MUNICIPALITIES

UoTs

STUDENTS

EMPLOYEES

TVET COLLEGES

TRAINING PARTNERS




FUNDED SKILLS BOOK LAUNCH

INAUGURAL TRAINING PARTNER CONFERENCE

In 2017, AT(SA) and the Banking Sector Education and Training Authority (BANKSETA) launched its first book of success stories for capacity building initiatives in the Public Sector. The book covered success stories from eight participating TVET colleges and a sample of learners from over 800 unemployed matriculants, who benefited from this Public-Private Partnership (PPP) initiative. The learner stories and insights from the TVET colleges demonstrated the commitment of the BANKSETA and its partners in addressing South Africa’s post-school education needs. BANKSETA invested R70 million this initiative over a three year period.

AT(SA)’s annual graduation and networking events are hosted in all nine provinces every year. Graduates celebrate their successes and have the chance to network with existing AT(SA) members together with SAICA executives. Among others, this gives graduates further insights into their career opportunities.

GRADUATIONS AND AT(SA) NETWORKING EVENTS

Training partners are the lifeblood of AT(SA) as they deliver the qualification. Thus, key support services keep the AT(SA) partners engaged, interested and upskilled.

To this end, AT(SA) offers continuous and tangible value to its Training Partners and plans different activities such as individual visits, networking sessions and technical training sessions throughout the year.

In 2017, AT(SA) hosted a training partner conference in Johannesburg. It was well attended and had a diverse line-up of speakers, including Peter Ndoro (facilitator), Chantyl Mulder (SAICA) and Mankwe Sithole (Brand Code) who took the delegates through AT(SA)’s brand evolution. Godfrey Mongatane spoke about the future of the accounting profession and Ian Mann covered strategy and leadership.

The conference included a social impact flavour with David Grier, an adventurer who is an ambassador for the Cipla Miles for Smiles Foundation, which raises funds for Operation Smiles, South Africa – an organisation that performs corrective surgery on children born with cleft lips and palates.

Nadine Kater, AT(SA) General Manager, with training partners AT(SA) graduates celebrate their success

Stakeholders from all AT(SA)'s partners attended the launch of the BANKSETA success stories

AT(SA) HIGHLIGHTS



SECTION HEADING

SUCCESS STORIES

AT(SA) GRADUATE AND SELF-EMPLOYED

AT(SA) GRADUATE ANDAT(SA) COURSE FACILITATOR

AT(SA) GRADUATE AND ACCOUNTING TECHNICIAN AT MOTHEO TVET COLLEGE

AT(SA) GRADUATE AND MUNICIPAL OFFICER

NTOMBELA MSWELI MOKOENA

STEPHENS

KWENZA THOBEKILE

BELINDA

JOHN

‘[AT(SA)] drives my business and has help me change 70 lives.’

Kwenza Ntombela is realising his entrepreneurial dreams, thanks to the skills he acquired through his AT(SA) qualification.

Not being able to pursue his BCom qualification after his bursary was discontinued in 2009, Kwenza started a garden service company in the hope that it would provide some financial income for his family. Yet, despite working full-time to turn his business into a success, his desire to obtain a qualification did not fade. In 2013, the AT(SA) BANKSETA opportunity came along.

Four months into the training, Kwenza received a job offer to work as a Site Administrator at Much Asphalt, a large commercial supplier of hot and cold asphalt products to the road construction sector. Realising an opportunity like this may not come his way again, and after a lengthy discussion with his facilitator, Kwenza accepted the job offer. He successfully completed his training while working, and immediately after graduation was promoted to Creditor’s Clerk for the region.

After working at the company a year, he resigned and started his own business – Londwa – in the freight and construction sector. Kwenza says he had enough self-confidence to start up on his own for two reasons: he had gained much knowledge and experience of the construction sector while working at the asphalt company, and the AT(SA) training provided him with the specific skills to perform the financial work that was required in his own business.

Currently, he has 70 people in his employ of which a third are full-time employees.

‘I love the idea of belonging to a professional body... It makes me feel more professional.’

Thobekile Msweli’s mother died when she was 10 and she lived in Richards Bay until she lost her dad at the age of 17. She moved to Pretoria to live with her sister, and finished Grade 12 taking commercial subjects. The next year she moved back to KwaZulu-Natal and enrolled for a BCom degree in Information Systems at the University of Zululand.

Unfortunately, she experienced serious financial constraints after her first year and had to give up her studies. She viewed this as a temporary setback and managed to secure NSFAS funding, which allowed her to return to university in 2011 and graduated in 2012. After completing her degree, she began looking for employment and applied for internships without success. She was now an unemployed graduate, and desperate to find anything in order to make a living.

During her year long search for job, she came across an AT(SA) BANKSETA advertisement on the Internet, applied, and was relieved to be selected. Thobekile says she struggled with accounting at university, but when doing the AT(SA) course she suddenly began to understand it. She gives the credit to the competency-based method used in the training: ‘It forces you to not only know some sections, you have to know everything.’

After completing the training, Thobekile’s college arranged with several employers to meet the students and interview them for available positions. She was offered a position by one of the employers. However, at the same time, she was a student tutor for a new group of students and the college felt that she showed a lot of potential working as a facilitator of the AT(SA) course. They offered her a full-time position, which she accepted.

‘This course is not only about you passing. It is about you having to know the thing, know exactly what you are talking about.’

Belinda Mokoena was born and raised in Kroonstad where she lived with her mother, stepfather and younger brother. Having completed Grade 12 in 2006 with good symbols, she felt that she could have done even better if it had not been for the trauma she had to go through that year with her parents getting divorced. Despite this, her favourite subject and the one she excelled at was Accounting.

After matriculating, Belinda relocated to Bloemfontein to enroll in the N4-N6 in Financial Management at the Motheo TVET College. It was not an easy time as her mother struggled financially to support her college education.

Belinda found a part-time job at a hair salon and restaurant to earn money to pay for her accommodation. It was during the last weeks of her N6 studies that she succeeded to find permanent employment at a small company called WellCorp, an organisation focusing on providing customised health management strategies to clients. She started as a receptionist and after three months was transferred to the accounts unit of the company, working as an Accountants' Assistant. Her work entailed basic bookkeeping activities.

Unfortunately the company closed down at the beginning of 2010 and Belinda found herself unemployed.

One day while she was surfing the Internet, she saw a BANKSETA notice inviting unemployed youths to apply for the AT(SA) training. Much to her delight, her application was successful and she chose to do her training at Motheo TVET College in Bloemfontein.

After graduation, the college selected ten students and offered six of them internships and the other four full-time positions, including Belinda, in the finance department of the college.

‘Furthering my career and helping my community with AT(SA).’

Ten years ago, 52-year-old John Stephens’ eyesight started deteriorating. People looked blurry and letters were indistinct. He first blamed his fuzzy vision on astigmatism, the ‘middle-age’ eye disorder. But it was far worse than that. Today, Stephens is completely blind – yet he hasn’t let that stop him from achieving his dreams. Despite having to adjust to new ways of working because of his condition, he was able to continue his studies and improve his skills as an accounting technician.

In addition to John’s own determination and hard work, he says that passing the AT(SA) Local Government Accounting Certificate (LGAC) would not have been possible without the help of the Drakenstein Municipality, the Local Government Seta (the programme funder), Deloitte (who in collaboration with Skills Development Solutions, provided dedicated staff and course coordinators for John) and AT(SA).




SECTION HEADING

010650 unemployed graduates benefited from work-place readiness training thanks to SAICA Enterprise Development and J.P. Morgan

SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORYOVERVIEW 62

LEGAL STATUS 62


SAICA ENTERPRISE DEVELOPMENT IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION) 64


66


68


69


70

KEY ACCOUNTING SUPPORT INITIATIVES 70

KEY SMME SUPPORT INITIATIVES 71

HIGHLIGHTS 72

SUCCESS STORIES 74



SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORY


OVERVIEW

The Hope Factory (Non-Profit Company) delivers Socio-Economic Development (SED) Programmes that result in mobilising economic activity for Black South African citizens (as defined by the B-BBBEE codes) as part of SAICA’s Nation Building transformation objectives. The main objective is to provide solutions for unemployment by equipping individuals with the skills and abilities needed to generate income through new business opportunities. Besides creating bespoke SED Programmes for both the private and public sectors, The Hope Factory offers a flagship training and mentorship programme to help individuals effectively start and operate their own businesses.

SAICA Enterprise Development (Pty) Ltd houses all of SAICA’s Enterprise and Supplier Development (ESD) profit-generating programmes and activities. SAICA Enterprise Development offers flagship and customised ESD programmes (previously housed under The Hope Factory) and Accounting Support Initiatives. The major purpose of this entity is to grow South Africa’s entrepreneurial ecosystem through advancing the sustainable growth of small black businesses, which in turn, will create employment opportunities.

Through partnership with SAICA’s SMPs, SAICA Enterprise Development aims to achieve financial excellence in both SMMEs and incubators nationwide. In doing so, these SMPs have the opportunity to attract new staff through growth and create a pipeline of new clients. SAICA Enterprise Development also aims to influence corporate and government policies to support and facilitate the creation of impactful ESD programmes aligned with the B-BBEE Codes and the Chartered Accountancy Profession Sector Codes (CA Charter).

LEGAL STATUS

The Hope Factory is a Socio Economic Development entity that is a registered Non-Profit Company and Public Benefit organisation in terms of Section 18(A) of the Income Tax Act. A Board of Directors is responsible for the overall running and governance of The Hope Factory.

In 2018, The Hope Factory established a subsidiary (Pty) Ltd company called SAICA Enterprise Development to house all the Enterprise and Supplier Development profit-generating activities. The same Board of Directors as The Hope Factory is responsible for the overall running and governance of SAICA Enterprise Development. SAICA Enterprise Development is 100% owned by The Hope Factory.


The Hope Factory’s core focus is to see people grow and positively and financially impact communities through SED initiatives:

• well defined & Impactful Socio-Economic Development Programmes;

• solving for unemployment through mentoring start-up businesses; and

• customisable SED interventions for transformation.

SAICA Enterprise Development aims to partner with corporate SA, the public sector and the SMME development sector to authentically make change happen and advance the economic transformation agenda, making South Africa better for everyone. We provide credible and impactful B-BBEE Enterprise and Supplier Development solutions that fit with Corporate and Public Sector transformation objectives:

• customisable end-to-end ESD interventions that make business sense;

• affordable Accounting Services for the SMME sector;

• proven B-BBEE compliance and impact;

• peace of mind in B-BBEE ESD implementation; and

• enabling clients to seamlessly broaden their supplier base by integrating vetted Black SMMEs.



Two of The Hope Factory’s top award winners Jubi Nkumane and Tsholanang Montsho with Annie McWalter, CEO of

The Hope Factory


SAICA ENTERPRISE DEVELOPMENT IMPACT ON SAICA VALUE CHAIN (SINCE INCEPTION)

SAICA SMPsBENEFICIARIES

SED interventions: over 1 400 beneficiaries

SMME SUPPORT PROGRAMMESAccounting Support Programme: Over 250 SMMEsJHB and PE ED Programme: Over 650 SMMEsCustomised ESD projects: 23 projectsSMMEs Funds and Incubators Supported: 11 Funds & Incuba-torsJobs Created by Supported SMMEs: Over 430 jobs (2014-2017)

UNEMPLOYED GRADUATE PROGRAMME (LAUNCHED IN 2013)

Work-Readiness Training: 338 unemployed graduatesGraduate Employment Placement Rate: over 90%

SAICA Back-Office Support Learnership: 40 graduates

(23 actively serving their learnership as of end 2017 – the rest progressed to full-time employment post training)

BENEFIT FOR SMPNew Client Base

Potential quality staff attraction

SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORY SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORY

INCREASE IN ANNUAL TURNOVER

NEW JOBS CREATED &

QUALITY JOBS SUSTAINED (FULL-TIME

EMPLOYMENT)

INCREASE IN NET PROFIT

QUALITY REVIEW & SIGN OFF

GRADUATE LEARNERSHIP

SUPPORT

CONTRIBUTION TO FINANCIAL

EXCELLENCE IN SMMES AND INCUBATORS

FINANCIAL COACHES

FULL-TIME EMPLOYMENT

POST TRAINING

OTHER EMPLOYMENT

OPPORTUNITIES

SMMEs

SAICA BACK-OFFICE ACCOUNTING

SUPPORT LEARNERSHIP

UNEMPLOYED GRADUATES

66 SAICA NATION BUILDING REPORT 2017 SAICA NATION BUILDING REPORT 2017 67

SAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORYSAICA ENTERPRISE DEVELOPMENT & THE HOPE FACTORY


57.7% IN FINANCIAL MANAGEMENT SYSTEMS AND PROCESSES

53.1% IN SALES STRATEGY AND SALES TARGETS

53.3% IN MARKETING STRATEGY AND BRAND IDENTITY

51.9% IN INNOVATION AND TECHNOLOGY (TO IMPROVE SERVICES AND PRODUCTS)

47.0% IN LEVEL AND FREQUENCY OF SKILLS DEVELOPMENT

OVER THE PAST 3 YEARS, THE HOPE FACTORY’S IMPACT ON SMMES HAS BEEN TREMENDOUS!

FROM A SKILLS ADVANCEMENT PERSPECTIVE, THESE SMMES REPORTED AN IMPROVEMENT OF:

OUR 124 BENEFICIARIES HAVE EXPERIENCED A:

THEIR BUSINESSOBJECTIVES

EFFECTIVENESS

IN ADDITION,

OF SMMES THAT RECEIVED

SAY IT HAS IMPROVED THEIR

MENTORSHIP&COACHING

& ABILITY TO ACHIEVE

89%INCREASE IN25%

NET PROFITINCREASE IN

%29.6NET ASSET VALUE

INCREASE IN

R23.3MILLION

ANNUAL TURNOVER

20.129.4

375 1 391

%

%

WITH AN AVERAGE INCREASE OF ANNUAL PRODUCTION VOLUME OF

INCREASE IN YEARLY SALES TARGETS,

THESE SMMEs HAVE CREATED

AND A

& ACQUIREDNEWJOBS

NEW MAJOR CLIENTS






TRUE COLLABORATION – SMME SUPPORTThe strength of all the SMME Support programmes that The Hope Factory and SAICA Enterprise Development runs is achieved through the support of powerful partnerships. The initiatives are linked to the beneficiaries through a network of relationships developed over many years. Through the power of collective collaboration, the complex structure is indicative of a strong network supporting The Hope Factory and SAICA Enterprise Development value-creating initiatives.


LEPHAROACOUNTING

SUPPORT

SEFA

MASISIZANE

SAGE

DO

NO

RSPR

OG

RAM

MES

VALUE ADD

J.P. MORGANGRADUATE

PROGRAMMEMASISIZANE

FUND FLAGSHIP

PROGRAMME

SEFA CLIENT SUPPORT

OTHER PLACEMENT

OPPORTUNITIES

J.P. MORGAN

SMP

CLIENTREFERALS

SAICA

CQS

GUARANTEE TRUST

SMMEs

BUSINESS MENTORSHIP PROGRAMME

ACCOUNTING SERVICES

(GRADUATES)SD SUPPLIER PROGRAMME

ADVISORYBOARD

WORKSHOPINDUSTRY EXPERTS

CUSTOMISEDESD

PROGRAMME

FUNDERS/ CLIENTS

STRATEGIC PARTNERS

PART

NER

S &

FU

ND

ERS/

CLIE

NTS

PRO

GRA

MM

ES

SAICA

SAICA MEMBERS/

SMPS

BUSINESS MENTORS

WORKSHOP FACILITATORS

ADVISORY BOARD MEMBERS

INDUSTRY EXPERTSCORPORATESPUBLIC SECTOR

SEDPROGRAMME

EDPROGRAMME

VERIFICATION AGENCYB-BBEE

CONSULTANTS

SMMEs

GRADUATES


KEY ACCOUNTING SUPPORT INITIATIVES


Providing back-office accounting support services to Gauteng SMMEs through unemployed graduate learnership

Developing black SMMEs from various sectors through three impactful entrepreneurial development programmes where business mentorship and financial coaching forms the core. The three main areas of development are:

• Business Skills Mastery• Financial Excellence • Leadership

Providing back-office accounting support to clients of the Small Enterprise Finance Agency (sefa)

SMP partnership programme piloted with Khumalo and Mabuya Chartered Accountants

Providing back-office accounting support to small-scale farmers in rural KwaZulu-Natal and the Eastern Cape

Providing back-office accounting support to SMMEs participating in the SEDA Ekurhuleni Base Metals Incubation (Lepharo) Programme

422 60SMMES GRADUATES

J.P. MORGAN ACCOUNTING SUPPORT FLAGSHIP PROGRAMME

SAICA ENTERPRISE DEVELOPMENT FLAGSHIP PROGRAMME

SEFA CLIENT ACCOUNTING SUPPORT PROGRAMME

OLD MUTUAL'S MASISIZANE FUND ACCOUNTING SUPPORT PROGRAMME

LEPHARO INCUBATOR ACCOUNTING SUPPORT PROGRAMME

Funded by the J.P. Morgan Foundation In partnership with Old Mutual

50

11

8

32

8

2

60100

13 7

110

UNEMPLOYED GRADUATES TRAINED

SMMEs SUPPORTED SMMEs SUPPORTED

JOBS CREATED

SMMEs SUPPORTED

GRADUATES RETAINED FOR SAICA BACK-OFFICE ACCOUNTING SUPPORT LEARNERSHIP AGRICULTURAL COOPERATIVES

INDIVIDUAL FARMERS

GRADUATES RETAINED FOR SAICA BACK-OFFICE ACCOUNTING SUPPORT LEARNERSHIP

SMMEs

GRADUATES RETAINED FOR SAICA BACK-OFFICE ACCOUNTING SUPPORT LEARNERSHIP

KEY SMME SUPPORT INITIATIVES


Developing SMMEs that form part of Corporate supply chains

SAICA ENTERPRISE DEVELOPMENT CUSTOMISED ESD PROGRAMME

23 PROJECTS

Mentorship programme aimed at empowering and enabling entrepreneurs with disabilities

TRANSNET PIPELINES CUSTOMISED PROGRAMME

Funded by Transnet

20 SMMEs (GAUTENG & KZN)

Personal Development in Business Programme targeting historically disadvantaged people with informal businesses, start-up businesses, and those with potentially viable business ideas

THE HOPE FACTORY (PE) SOCIO-ECONOMIC DEVELOPMENT PROGRAMME

Funded/in partnership with clients throughout SA

40 BENEFICIARIESOVER




Educating entrepreneurs on defining and understanding their business financial position, accessing funding, looking at available opportunities, preparing for investment readiness and typical issues around funding application processes

Providing SMME business owners with a panel of advisers to deliver strategic advice and introduce new skills to the business. Aimed at continuously improving the way SMMEs run their businesses

ADVISORY BOARD

#COMMONCENTS FUNDING FAIR

In partnership with Mercantile Bank, Rubele, IDC, NYDA, Linken Group & Allan Gray

HIGHLIGHTS

EMPOWERING AND ENABLING ENTREPRENEURS WITH DISABILITIES

SAICA AND J.P. MORGAN PARTNER TO HELP 100 SMES REACH NEW HEIGHTS

THE SUCCESS OF THE J.P. MORGAN PROJECT TO DATE

IN THE FIRST SEVEN MONTHS OF THE PROJECT, THE 100 SMMES:

& 2 COMPANIES ARE IN THE PROCESS OF SECURING TENDERS – VALUED AT OVER

R2.5 MILLION

Through a customised project sponsored by Transnet Pipelines, 20 entrepreneurs from KZN and Gauteng became part of a specialised Enterprise and Supplier Development mentorship programme aimed at empowering and enabling entrepreneurs with disability.

The programme helps them to develop the personal and business skills needed to take their businesses to new heights.

It covers development in the three main areas of personal leadership, business skills and financial excellence, while mentorship remained at the core.

Some of the business successes included the following:

• Business 1 – substantial increase in sales per annum over the past year. Three major clients acquired, and employee numbers increased from two to 12 (job creation).

• Business 2 – excellent increase in sales and one major client required. Number of employees increased from one to three.

• Business 3 – substantial increase in sales and a multi-million-rand tender awarded.

• Business 4 – substantial increase in sales, increase in employees from one to four.

• Business 5 – awarded a large tender for supply of bread, along with a three-year contract that is expected to create 20 jobs.

Through SAICA’s J.P. Morgan Accounting Support Flagship Programme, 100 Gauteng SMEs are currently receiving partially subsidised back office accounting support and financial training for a period of 18 months. This after they beat over 500 SMME candidates in a gruelling ‘Dragon’s Den’ type selection process, and were chosen to be given assistance to help them become sustainable businesses

In addition, 50 unemployed, accounting graduates from disadvantaged backgrounds received six months’ work-readiness training to develop the soft skills, professionalism and technical know-how needed in an office environment. On completion of this training, all graduates were placed into formal learnerships and employment. Of these graduates, 13 joined the SAICA Back-Office Support Learnership for the duration of the project to service the accounting needs of the selected SMMEs.

134

60

2 GRANTS

AQUIRED FUNDING FORCOMPANIES ON THE PROGRAMME

FOR COMPANIES ON THE PROGRAMME

CREATED

SECURED

RECEIVEDNEWCONTRACTS

NEWJOBS

Graduates of the Transnet Pipelines Customised Programme

The 100 SMMEs on the J.P. Morgan project learn more about their roles and responsibilities at their induction session

SMMEs

OVER SMMEs42

31


SECTION HEADING

SUCCESS STORIES

CHIEF EXECUTIVE OFFICER, MASISIZANE FUND

NYANGA ZIZIPHO

'The SAICA/Old Mutual Masisizane Fund partnership is very important to us as its fits squarely with our mandate of making a difference in people’s lives.'

Two main objectives achieved by this programme:

1. it creates jobs for the accounting graduates that would otherwise be at home doing nothing after their parents would have spent significant amounts of money on tertiary education; and

2. it helps the SMMEs we fund in the rural and peri-urban areas, that would otherwise not afford to pay for an adequate financial management and reporting capability. This increases the chances of these SMMEs becoming sustainable as they have a competent resource that can help analyse the financial decisions affecting the business.

'Giving unemployed graduates an opportunity to shine.’

Already this programme has transformed us. As trainee accountants our journey began at a learnership at Guarantee Trust. We were given training at Guarantee Trust that has made us work ready. Today we use that training to give the project’s SMMEs services that add value to their businesses. We as graduates are excited to be practicing what we’ve learnt.

GRADUATE OF THE HOPE FACTORY AND FOUNDER OF JUBZIN SECURITY

NKUMANE JUBI

‘The timing was perfect and the soil was fertile. I needed to learn more and desperately needed mentorship, and was impressed that The Hope Factory is ‘powered by SAICA’.’

The entrepreneurial bug bit when an opportunity arose for Jubi Nkumane to provide security for the complex in which he owned a unit. He grabbed it with both hands, and Jubzin Security was born. Within a year, the business started to grow and soon they landed another residential complex as a client.

Targeting big corporates was the next step for Jubzin Security. That’s when Jubi joined the the The Hope Factory’s business mentorship programme in early 2015.

He says learning to work with big corporates has been an interesting journey. Not only did he have to compete with well-known big security brands, but he also had to convince corporates that his SMME could scale up and deliver excellent quality service. In 2017, his team was awarded a three-year contract for SAICA’s head office security services, which is testament to Jubzin Security's solid track record, excellent work and ability to secure big contracts.


GRADUATE OF THE HOPE FACTORY AND DIRECTOR OF CHUMILE HOLDINGS

ACCOUNTING GRADUATE - SAICA BACK-OFFICE ACCOUNTING SUPPORT LEARNERSHIP

LUPUWANA

MAKUNYANE

VIOLET

MOTLALEPULA

‘Sales have doubled and we’ve gown our national footprint.’

Thanks to The Hope Factory’s business mentorship programme, Chumile Holdings – a 100% black female-owned training and transportation business – increased its annual turnover by 61% and is now a VAT-registered, +R1-million operation.

Violet Lupuwana, the director of Chumile Holdings, joined the programme in 2014 and says that mentoring has helped her business to grow. ‘You have an advisor who is genuinely looking out for your best interests. My mentor has challenged my thinking; to move from a small business mind-set to think big.’

Since joining the programme, Chumile Holding’s sales have doubled and the company has grown its national footprint. Violet explains: ‘We have taken on more clients and grown our sales significantly in Gauteng and we continuously tap into new markets, nationally and beyond the SA borders.’ Chumile Holding’s biggest success in 2017 was signing its first long-term contract with a multinational company. Chumile Holdings was also profiled on the CNN African Start-Up Programme and was selected to train Agri-preneurs from 12 SADC countries on business skills.




COMMUNITY PROJECTSTOTAL COMMUNITY OUTREACH INTERACTIONS DURING 2017 78

KEY COMMUNITY OUTREACH INITIATIVES 78

Nation Building staff bake bread at the Home of Hope for Girls



COMMUNITY PROJECTS COMMUNITY PROJECTS

TOTAL COMMUNITY OUTREACH INTERACTIONS DURING 2017

2 470VULNERABLECHILDREN ASSISTED

KEY COMMUNITY OUTREACH INITIATIVES

ISIBINDI ORPHANAGE SUPPORT INITIATIVE

HOME OF HOPE FOR GIRLS MANDELA & WOMEN’S DAY VISIT

OTHANDWENI CHILDREN’S HOME CHRISTMAS VISIT

UWC’S THUTHUKA STUDENTS PAMPER CHILDREN WITH GIFTS

WECARE

In partnership with the Department of Social Development and the National Association of Child Care Workers (NACCW)

The Department of Social Development’s Isibindi model provides much-needed support to address the many social challenges among vulnerable children brought on by the effects of the HIV/AIDS pandemic and other socio-economic challenges. This includes assisting them to get ready for school in the morning, meal preparations, assistance with homework, registration for social grants and psychosocial support, to name a few.

In conjunction with the NACCW, SAICA provided copies of past examination papers as well as study guides to help Isibindi’s matric candidates prepare for their final examinations. Thanks to this, and other interventions, the Isibindi matric class of 2017 achieved a pass rate of 70%.

The Home of Hope for Girls, Kensington, Johannesburg, exists to provide real care for exploited, trafficked and abused girls in the city of Johannesburg. More than just a residential shelter; it is a loving home where dignity is restored and past emotional wounds are healed by giving these girls the tools to take control of their futures.

As part of SAICA’s Mandela Day initiative and Women’s Day celebration, the Nation Building Department visited the the 75 girls residing at the Home of Hope for Girls. From baking bread and making lunch, to cleaning the house and planting a vegetable garden, the team had a great time interacting with the girls. www.hopehome.org.za

Othandweni Children’s Home in Orlando, Soweto, exists to take care of children by offering both curative and preventive services to deal with problems of abandonment, neglect and abuse. Presently, the home looks after 60 children from three months to 20 years old.

As its year end initiative, SAICA’s Nation Building Department visited the home and shared the Christmas spirit with the children. Armed with sweets, cooldrinks and lunch, the team handed out gifts, chatted to the children and learnt more about the work done by the Orlando community. www.och.org.za

Children from Unako Children's home in the Barcelona informal settlement, Gugulethu, Cape Town, received an early Christmas present thanks to the University of the Western Cape’s (UWC) Pilot Thuthuka programme.

The 70 UWC students and academics brought joy to over 30 children at the home when they delivered gifts of toys, stationery and other goodies. The home accommodates abandoned children and orphans, and this is the third year in a row that UWC’s students have participated in this wonderful initiative. www.unakho.com

2 235

278

46

75

60

70

30MATRIC CANDIDATES (70% MATRIC PASS RATE)

ISIBINDI PROJECTS

DISTRICTS

CHILDREN

CHILDREN

CHILDREN

CHILDRENMORE

Supported by members of the profession with special thanks to PwC, KPMG, BDO South Africa & Nkonki.

Spearheaded by South Africa’s female chartered accountants, SAICA launched the weCAre project in 2007 to make a significant difference in the lives of South African children.

Today, weCAre supports Noah’s Ark Yeoville, Johannesburg, an after-care centre for orphaned and vulnerable children impacted by HIV/AIDS.

The weCAre project provides financial support as well as donates food, toiletries, clothes and stationery. It also sponsors birthday gifts and parties through the Birthday Buddies initiative.



SECTION HEADING

0108SAICA NATION BUILDING IN THE MEDIA 82

Behind the scenes moment of CA(SA) and Stormers’ Rugby Captain Chris van Zyl as he is interviewed about his involvement with SAICA’s Nation Building projects



SECTION HEADING


SAICA NATION BUILDINGIN THE MEDIA

AREANUMBER OF PIECES COVERED IN THE MEDIA

VALUE OF MEDIA COVERAGE (AVE)

Thought Leadership 65 R7 807 556.67

SAICA Enterprise Development& The Hope Factory

299 R4 717 979.45

ISFAP 329 R13 696 891

Thuthuka 386 R21 803 904.21

Professional Development 73 R1 435 715.58

AT(SA) 17 R1 002 060.93

Other 3 R89 110.27

TOTAL (2017) 1 172 R36 856 327.22

Comparison with 2016 724 R20 871 441.96

SAICA NATION BUILDING IN THE MEDIA

COVERAGE SPLIT

MEDIACOVERAGE REACH

YOU CAN VIEW THE HIGHLIGHTS OF THESE EVENTS HERE:

RADIOTVONLINE

NATIONAL

PRINT

REGIONAL

KEYS

KEYS

40%

46%

9%5%

46%54%

SAICA NATION BUILDING IN THE MEDIA

With media coverage spanning across both regional and national media channels (online, print, radio and television), the publicity SAICA Nation Building received was R16 million more (an increase of 33%) in 2017 than in the previous year. In increasing brand awareness through the media, we were able to promote the importance of the work we do and to drive new partnerships and donor opportunities.

In 2017, SAICA launched the Courageous Conversations dialogue series, in partnership with the Wiseman Nkuhlu Trust and the Nelson Mandela Foundation. This series exists to facilitate conversations of national importance in order to promote decisive, accountable and intellectually-based leadership on issues among young South African leaders. For the inaugural event, guest speakers Professor Nkuhlu, Moeletsi Mbeki, Annabel Bishop and Sizwe Nxasana discussed SA’s downgrade to junk status

OVER THE PAST YEAR, THE SUCCESS OF SAICA NATION BUILDING’S PROJECTS AND THEIR IMPACT ON ITS BENEFICIARIES WAS

SHOWCASED IN THE MEDIA OVER1 172 TIMES

R36.8 MILLION.WITH COVERAGE TO THE VALUE OF OVER

MEDIA COVERAGE BREAKDOWN

WHERE DID YOU SEE US

OUR COVERAGE

SPLIT

PROMOTING A CULTURE OF RESPONSIBLE LEADERS

and how the country’s leaders, led by the CA profession, can aid in the recovery of the economy. The second event focussed on the economy and what South Africa needs to do to get to double digit growth. This debate was conducted by the Governor of the South African Reserve Bank, Lesetja Kganyago; economist, Mike Schussler; independent socio-economic and political analyst, Aubrey Matshiqi and internationally lauded business woman and thought leader, Rapelang Rabana.


Sandile Phillip, President of SAICA Southern Region, attends the Western Cape SGB launch


GOVERNANCE AND RISK MANAGEMENTSAICA GOVERNANCE STRUCTURE 86

ENTITY BOARDS 87

GOVERNANCE AND RISK MANAGEMENT 88


GOVERNANCE AND RISK MANAGEMENT

GOVERNANCE ANDRISK MANAGEMENT

SAICA GOVERNANCE STRUCTURE SAICA NATION

BUILDING

SAICA is constituted and operates in terms of its constitution, the main objective of which is to promote the interests of the members of the institute and support the development of the South African economy and society. In meeting this objective, our long-term

value creation is aligned to act in the public interest and the development of responsible leadership.

SAICA operates as a voluntary association not-for-gain and is registered in terms of the Non-Profit Organisations Act 71 of 1997.

- Audit and Risk - Nominations - Finance - Digital Transformation

Governance - Human Resources - Governance - Remuneration

PROVIDE ASSISTANCE TO THE BOARD IN CONDUCTING ITS DUTIES:

PROVIDES ADVICE ON STRATEGY ANDSTAKEHOLDER ENGAGEMENT TO THE BOARD

- IPD Committee - AT(SA)

- The Hope Factory - SAICA Enterprise

Development

- ARC - ITC EXAMCO - APC EXAMCO - AGA - TRECO

- ISFAP - Ntivo Endowment

Fund - TEUF - TBF - The Wiseman

Nkuhlu Trust


ENTITY BOARDSMany of SAICA’s Nation Building entities are governed by their own boards of directors or trustees. The governance structures of these entities are as follows:

PROJECT GOVERNED BY MANDATE


SAICA Board (chaired by L Bam) & Professional Development SAICA sub committees

To develop, empower and deliver better skilled and qualified accounting technicians into the economy

IKUSASA STUDENT FINANCIAL AID PROGRAMME (ISFAP)

TEUF board (chaired by A Sita) and the Ministerial Task Team on Fees (chaired by S Nxasana)

To fast track South Africa’s skills production for the 21st

century by funding the higher education costs of students studying towards a career in scarce skills (also known as occupations of high demand) that have been identified as critical to South Africa’s economic development

NTIVO ENDOWMENT FUND

Ntivo Endowment Fund Trustees (chaired by S Nxasana) B-BBEE share deals


SAICA Board (chaired by L Bam) & Professional Development SAICA sub committees

To develop, empower and deliver better skilled and qualified CAs(SA) into the economy

SAICA ENTERPRISE DEVELOPMENT

The Hope Factory Board(chaired by EJ Carelse)

To develop and grow black South African entrepreneurs and their businesses

THUTHUKA EDUCATION UPLIFTMENT FUND (TEUF) & THUTHUKA BURSARY FUND(TBF)

TEUF Board(chaired by A Sita)

To ensure that there is a consistent flow of adequately and suitably qualified professionals into the economy that are representative of the country’s demographics

THE HOPE FACTORYThe Hope Factory Board (chaired by EJ Carelse)

To mobilise economic activity for black SA citizens to start their own businesses

THE WISEMAN NKUHLU TRUST

The Wiseman Nkuhlu Trust Board (chaired by W Nkuhlu)

To increase the number of black professionals in the academic space

SAICA SUB COMMITTEES

ADVISORY COUNCIL

SAICA BOARD SAICA CEO

TRANSFORMATION


NATION BUILDING

EXECUTIVE DIRECTOR

PROFESSIONALDEVELOPMENT

ENTERPRISE DEVELOPMENT

SECTION HEADING


RISK MANAGEMENT SAICA and the relevant entity boards are responsible for determining risk tolerance levels. Management is responsible for the implementation of the risk management process, which involves the identification, evaluation, prioritisation, mitigation and monitoring of risks throughout the relevant entities.

In order for the risk management process to be effective and practical, risks are linked to performance management processes. This results in risks being integrated and accounted for – at strategic, as well as at operational levels. Significant risks are reported to, and relevant action approved by the Audit and Risk Committee of SAICA and by the relevant boards.

The diagram adjacent describes the SAICA Group’s combined assurance model that informs the Board and Audit and Risk Committee‘s assessment of internal controls.

GOVERNANCE AND RISK MANAGEMENT In the year under review, the independent SAICA Nation Building Boards (namely TEUF, the Hope Factory and the Wiseman Nkuhlu Trust Boards) ensured that they provided effective leadership through the adoption and application of good corporate governance practices to ensure the sustainability of the projects run by each entity.

Every member of these boards participates on a voluntary basis as part of their commitment to transformation, employment and growth.

These boards have a management agreement with SAICA for the use of the SAICA staff and infrastructure. The agreement governs how governance and reporting take place.

THE RESPONSIBILITIES OF THESE BOARDS INCLUDE THE FOLLOWING:

• to approve major funding proposals related to the entity’s work;

• to establish and maintain organisational structures that will ensure the carrying out of the boards’ duties;

• to review internal control structures, including financial controls, accounting systems and reporting;

• to monitor entity compliance with legal requirements;

• to monitor the outputs of projects in terms of stated objectives, as well as the strategic plan;

• to liaise with external stakeholders and donors, should the need present itself; and

• to review the quarterly budgets compared to actual figures, and obtain reasons for variances as it relates to donor funded projects.


PROC

ESSE

S SYSTEMS

PEOPLE

2ND LINE OF DEFENCE:MANAGEMENT ASSURANCE FRAMEWORKS

1ST LINE OF DEFENCE:

3RD LINE OF DEFENCE:EXTERNAL ASSURANCE

COMBINED ASSURANCE

*ENTERPRISE RISK MANAGEMENT

*ERM CONTROL SELF - ASSESSMENTS

EXTERNALAUDIT

EXTERNAL SPECIALIST

INTERNALAUDIT

LEGAL & GOVERNANCE

MANAGEMENT




1010 POWERFUL PARTNERSHIPSTHANK YOU 92

B-BBEE CODES AND THE CA CHARTER 96

SAICA CEO Dr Terence Nombembe & ICPAK CEO CPA Edwin Makori sign a memorandum of recognition between Kenya and SA



POWERFUL PARTNERSHIPS

4TH DIMENSION TRAINING CONSULTANTS

DATATEC LTD

ABASA

ABSA

AFRIKA TIKKUN

ALLAN GRAY

ATCOR

AUDITOR-GENERAL SOUTH AFRICA (AGSA)

AVLOCK INTERNATIONAL

AVON AND DEDISA PEAKING POWER

BANKSETA

BATSUMI AIRPORT VENTURES (PTY) LTD

BDO SOUTH AFRICA INC

BHASOBHA GENERAL TRADING

BL2000CC

BMF

BRYANT BELL TRAINING

BUSINESS LEADERSHIP SOUTH AFRICA

BYTES PEOPLE SOLUTIONS

CAPITEC

CATALYST FOR GROWTH

CENTRAL UNIVERSITY OF TECHNOLOGY

CHARTALL BUSINESS COLLEGE

CHINA CONSTRUCTION BANK

CHORUS CALL

COASTAL TVET COLLEGE

COASTLAND SALES

CORONATION FUND MANAGERS

CORPORATE TRAVELLER – A DIVISION OF FLIGHT CENTRE TRAVEL GROUP (PTY) LTD

COSCO SHIPPING LINES SOUTH AFRICA (PTY) LTD

CQS

CREDIT BLENDE TRAINING PTY LTD

CROSSTATE AUCTIONEERS CC

CUNNINGHAM LINDSEY SOUTH AFRICA (PTY) LTD

ALTIMAX (PTY) LTD

ANGLOGOLD ASHANTI

ASISA

AFRICA X-RAY INDUSTRIAL AND MEDICAL (PTY) LTD

DELOITTE

DEPARTMENT OF BASIC EDUCATION

DEPARTMENT OF SOCIAL

DEVELOPMENT SA

DISCOVERY HEALTH (PTY) LTD

DSV

EASTERN CAPE DEPARTMENT OF EDUCATION

EBERSPACHER SOUTH AFRICA (PTY) LTD

EBMPAPST SOUTH AFRICA (PTY) LTD

EICKHOFF

AFRICAN RESOURCES & FINANCIAL TRAINING (PTY) LTD

ASTRAPAK FINANCE COMPANY – A DIVISION OF ASTRAPAK MANUFACTURING

HOLDINGS (PTY) LTD

SAICA Nation Building thanks its partners for your confidence in us, and for your continued support. Your investment and partnerships enabled us to achieve what we did during the past year and helped us to empower thousands of learners, students, graduates, SMMEs and other beneficiaries to realise their potential.

* As based on top funder / parent records for SAICA Nation Building projects (funders and partners are listed alphabetically)

THANK YOU TO THE FOLLOWING ORGANISATIONS* FOR PARTNERING WITH US ON OUR JOURNEY:

POWERFULPARTNERSHIPS


ENTREPRENEUR ADVISORY BOARD

ENTREPRENEUR MENTORS

ENTSIKA CONSULTING SERVICES (PTY) LTD

ENVIROSERV WASTE MANAGEMENT (PTY) LTD

EY

ESAYIDI TVET COLLEGE

ETHEKWINI MUNICIPALITY

EXPORT CREDIT INSURANCE CORPORATION OF SA

FALSE BAY TVET COLLEGE

FASSET

FCM TRAVEL SOLUTIONS (PTY)LTD

FINANCIAL SERVICES BOARD

FINTAC

FINVISION

FIRST NATIONAL BANK

FLAVIUS MAREKA TVET COLLEGE

FREE STATE DEPARTMENT OF EDUCATION

FREITAN LOGISTICS (PTY) LTD

FULTON TRUST

GAUTENG DEPARTMENT OF EDUCATION

GERT SIBANDE TVET COLLEGE

GLOBETOM TRADING (PTY) LTD

GOOD YEAR SA

GRANT THORNTON

GREENHOUSE FOUNDATION

HIQ WATERMEYER

HOLLARD

HOLLYWOOD SPORTSBOOK EASTERN CAPE

HONEY ATTORNEY

HR SYNTHESIS

HUDACO

IKAMVELIHLE DEVELOPMENT TRUST (IKDT)

IMPERIAL GROUP LIMITED

INDEPENDENT REGULATORY BOARD FOR AUDITORS (IRBA)

OVER R2 MILLION

DONATED TO THUTHUKA THANKS

TO INDIVIDUAL CONTRIBUTIONS

While most of Nation Building’s projects are achieved through the contributions and sponsorships of corporations and organisations,

members of the profession and the public have the opportunity to get involved in Thuthuka through donations and pledges.

In addition to the annual contracted donour funding, Thuthuka raised R2 427 636.20 in ad hoc funding in 2017 thanks to the efforts of the TBF alumni, non-contracted donors and individual pledges.

Thuthuka would like to thank all who donated for continuing to support the tertiary studies of African and Coloured students.



INDUSTRIAL DEVELOPMENT CORPORATION (IDC)

K LINE SHIPPING (SOUTH AFRICA) (PTY)LTD

NORTH WEST DEPARTMENT OF EDUCATION

NORTHERN CAPE DEPARTMENT OF EDUCATION

NORTHERN CAPE URBAN TVET COLLEGE

INSETA

NEXIA SAB&T

INTEC COLLEGE (PTY) LTD

NGUBANE AND CO

NUCLEUS RETAIL SUPPLY CHAIN

NYDA

OLD MUTUAL

INTERTEK COMMODOTIES

INVESTEC

J.P. MORGAN

JSE EMPOWERMENT TRUST

KAGISO TISO HOLDINGS

KAYTECH

KEY GROUP

KHANYISELA COLLEGE

KPIS

KZN OFFICE OF THE PREMIER

LETABA FET COLLEGE

LEXIS NEXIS

LGSETA

LIBERTY

MAZOR STEEL (PTY) LTD

MERCANTILE BANK

MILPARK EDUCATION PTY LTD

MKHIWA TRUST

MMI GROUP LTD

MONDI GROUP

MOORE STEPHENS

MOTHEO TVET COLLEGE

MTN

MURRAY & ROBERTS

NATIONAL RESEARCH FOUNDATION (NRF)

NATIONAL SKILLS FUNDFOUNDATION (NSF)

NATIONAL TREASURY

NEDBANK

NEDBANK CHARITY GOLF DAY

LIGNOTECH (UMKOMAAS)

LIMPOPO TREASURY

LIMSTRICS CC

LOVEDALE TVET COLLEGE

MAHDI MEYER STEYN INC

MAINSTREAM REFRIGERATION CC

MAJUBA TVET COLLEGE

MARCUS MEDICAL (PTY) LTD

MASISIZANE FOUNDATION

MAZARS

KZN TREASURY

KPMG

KWA-ZULU NATAL DEPARTMENT OF EDUCATION

MAZOR ALUMINIUM(PTY) LTD

MC SYNCRO SOUTH AFRICA (PTY) LTD

MEUMANN WHITE ATTORNEYS

MICHAEL & SUSAN DELL FOUNDATION

MODULAR MINING SYSTEMS AFRICA (PTY) LTD

MPUMALANGA DEPARTMENT OF EDUCATION

MULTICHOICE SUPPORT SERVICES

NATIONAL ASSOCIATION OF CHILD CARE WORKERS

NATIONAL ASSOCIATION OF SCHOOL GOVERNING BODIES

NATIONAL EDUCATION COLLABORATION TRUST (NECT)

KZN ECONOMIC DEVELOPMENT AND TOURISM

LEREKO METIER CAPITAL GROWTH FUND MANAGERS (PTY) LTD

LIMPOPO DEPARTMENT OF EDUCATION

LINK MARKERT SERVICE SOUTH AFRICA (PTY) LTD

LM INFORMATION DELIVERY SOUTH AFRICA (PTY) LTD

MADIBA BAY ACCOUNTANCY TRAINING

MANGOSUTHU UNIVERSITY OF TECHNOLOGY

ORBIT TVET COLLEGE

ORT SA

PKF RADEMEYER WESSON

PLANET FITNESS

PREMIER LODGE (PTY) LTD

PRESCIENT SECURITIES (PTY) LTD

PRICEWATERHOUSECOOPERS

PROTEC

PSETA

OXBRIDGE TRAINING INSTITUTE PTY LTD

PICK 'N PAY RETAILERS (PTY) LTD

PIONEER FOODS EDUCATION AND COMMUNITY TRUST


VARIOUS B-BBEE CONSULTANTS AND

VERIFICATION AGENCIES

REGENT BUSINESS SCHOOL

REMGRO MANAGEMENT SERVICES LTD

RISK N REWARD

ROLA MOTORS

ROTORK AFRICA

RSM SA CONSULTING (PTY) LTD

S AND T SCHOOL OF ACCOUNTING TECHNICIANS

SA HOME LOANS

SA RESERVE BANK (SARB)

SA REVENUE SERVICES (SARS)

SAB

SAGE

SAICA

SANLAM

SANLAM FOUNDATION TRUST

SAPPI

SASOL

SASSSETA

SENTULA MINING

SESTO PTY LTD

SHAWCO

SIZWENTSALUBAGOBODO (SNG)

SMART BUSINESS COLLEGE

SOFISA PHILLIPS

SPARKS & ELLIS (PTY) LTD

SPHERE HOLDINGS

REGEN INSTITUTE OF LEADERSHIP AND MANAGEMENT EDUCATION

SACOB EDUCATION AND TRAINING – T/A THE SOUTH AFRICAN COLLEGE OF BUSINESS

SMALL ENTERPRISE FINANCE AGENCY (SEFA)

SQUARE KILOMETRE ARRAY (SKA)

ST VINCENT

STANDARD BANK

SUPERGROUP

THE SAVILLE FOUNDATION

THEE ACCOUNTANTS (PTY) LTD

TIPP FOCUS TRAINING

TIS HOLDINGS PTY LTD

TRANSCEND CORPORATE ADVISORS

TRANSNET LTD

VOLKSWAGEN SOUTH AFRICA

VULA ENERGY (PTY) LTD

W CONSULTING

WALTER SISULU UNIVERSITY

WATERBERG TVET COLLEGE

WDB INVESTMENT HOLDINGS

WEBBER WENTZEL

WOOLWORTHS MYSCHOOL REWARDS

WRSETA

WESTERN CAPE DEPARTMENT OF EDUCATION

TRUMPS FOODS

TSHIKULULU SOCIAL INVESTMENTS

UMFOLOZI TVET COLLEGE

UNIVERISTY OF CAPE TOWN

UNIVERSITY OF JOHANNESBURG

UNIVERSITY OF KWAZULU-NATAL

UNIVERSITY OF STELLENBOSCH

UNIVERSITY OF THE WESTERN CAPE

UNIVERSITY OF THE WITWATERSRAND

UNIVERSITY OF VENDA

UNIVERSITY OF ZULULAND

SYGNIA ASSET MANAGEMENT

SPJB BUSINESS AND FINANCIAL ADVISORY (PTY) LTD

THE BOARDROOM ALLIANCE (PTY) LTD – T/A HEIDRICK & STRUGGLES

THE COLLEGE OF PEOPLE MANAGEMENT AND DEVELOPMENT PTY LTD

TRANSNET PIPELINES - A DIVISION OF TRANSNET SOC LTD

TRUWORTHS ENTERPRISE DEVELOPMENT TRUST

VASDEX ASSOCIATED (PTY) LTD

WESTERN CAPE DEPARTMENT OF SOCIAL DEVELOPMENT



SECTION HEADING

B-BBEE CODES ANDTHE CA CHARTER

PARTNER WITH SAICA NATION BUILDING AND HELP US BUILD THE NATION

Economic and social transformation in South Africa is an evolving and fluid issue, with the rules being written by, and through our actions. The revision of the Codes of Good Practice (RCoGP) on B-BBEE, introduced a step change in these expectations.

Transformation and growth encompasses SAICA’s responsibility in creating corporate social investment platforms, entrepreneurship, growth of emerging black businesses, and the transformation of the profession. These programmes and entities form an integral part of SAICA’s Nation Building division and you or your company can help make a difference while earning vital points for your B-BBEE Scorecard.

In addition, the chartered accountancy profession intends to have its sector codes (CA Charter*) gazetted by the end of 2018. The vision of its sector codes, which are aligned to the overall B-BBEE, is to grow the number of African and Coloured people in the CA profession to reflect the country’s population demographics, and to empower and enable them to participate meaningfully in, and sustain the growth of, the economy – thereby advancing equal opportunity and equitable income distribution.

The following table offers a summary of how various SAICA Nation Building initiatives can support the sustainable implementation of your B-BBEE strategy, based on the revised Codes of Good Practice and empirical best practice.

*Update on the CA Charter: The CA Charter Council has deliberated for four years and had a signing ceremony of the revised Charter in 2017. One of the requirements for the gazetting of this Charter is a letter of support from the relevant line ministry, the National Treasury. Unfortunately, this letter has not been forthcoming due to the IRBA being unsatisfied with the Ownership targets which were previously agreed to by all. To date, the Chair of the CA Charter Council, Sindi Koyana, has had numerous lengthy discussions with the affected parties. Meetings are set up for April/ May 2018 to see if this matter can be resolved.

SKILLS – EXPENDITURE

SKILLS – LEARNERSHIPS

SUPPLIER DEVELOPMENT


SOCIO-ECONOMIC DEVELOPMENT

AT(SA)Yes –

Category B / C / D

Yes

HISTORICALLY DISADVANTAGED INSTITUTIONS FOR ENTITIES MEASURED ON THE CA CHARTER

Yes

HISTORICALLY DISADVANTAGED INSTITUTIONS FOR ENTITIES NOT MEASURED ON THE CA CHARTER

Yes – Category A

Yes

MATHS AND SCIENCE ACADEMY FOR ALEXANDRA SCHOOLS

Yes – Category A

Yes

THE HOPE FACTORYYes –

Category AYes

THE THUTHUKA BURSARY FUND FOR ENTITIES NOT MEASURED AND MEASURED ON THE CA CHARTER – ONCE EMPLOYED

Yes – Category A And C

Yes

THE THUTHUKA BURSARY FUND FOR ENTITIES NOT MEASURED ON THE CA CHARTER – DONATION

Yes – Category A

Yes

THE THUTHUKA BURSARY FUND FOR ENTITIES MEASURED ON THE CA CHARTER – DONATION

Yes

THE THUTUKA EDUCATION UPLIFTMENT FUND

Yes – Category A

Yes

SAICA ENTERPRISE DEVELOPMENT Yes Yes


VERIFICATION DOCUMENTS THAT WILL BE SUPPLIED

SKILLS – EXPENDITURE

Category A

Proof of attending beneficiary

Proof of receipt of payment

Competent persons letter

Category E / F

Proof of attending beneficiary demographic



SKILLS – LEARNERSHIPS Category B / C / D

Proof of attending beneficiary demographic


Proof of Learnership / Internship / Apprenticeship attendance


SUPPLIER DEVELOPMENT

Thank you letter from beneficiary

Invoice from SAICA Enterprise Development

Proof of payment from client

Supplier Development Plan

Service Level Agreement (SLA) between beneficiary and SAICA Enterprise Development

Registration documents for beneficiary

IDs for beneficiary

Exempt Micro Enterprise (EME) affidavit for beneficiary

Agreement between SAICA Enterprise Development, client and beneficiary


Thank you letter from beneficiary

Invoice from SAICA Enterprise Development

Proof of payment from client

SLA between beneficiary and SAICA Enterprise Development

Registration documents for beneficiary

IDs for beneficiary

EME affidavit for beneficiary

Agreement between SAICA Enterprise Development, client and beneficiary

SOCIO-ECONOMIC DEVELOPMENT


Proof of beneficiary demographic




NEVER DOUBT THAT A SMALL GROUP OF THOUGHTFUL, COMMITTED CITIZENS CAN CHANGE THE WORLD; INDEED, IT'S THE ONLY THING THAT EVER HAS.

POWERFUL PARTNERSHIPS POWERFUL PARTNERSHIPS

MARGARET MEAD, ANTHROPOLOGIST

PHYSICAL ADDRESS:

POSTAL ADDRESS:

17 Fricker RoadIllovo SandtonJohannesburg2196

Tel: +27 11 621 6600Email: [email protected]

Private Bag x32Northlands2116

www.saica.co.za

PROMOTING SOLUTIONS FOR THE NATIONAL DEVELOPMENT PLAN THROUGH OUR MEMBERS

Documents

2017 NATION BUILDING IMPACT REPORT - SAICA...Chartered Accountants (SAICA) is more than just a professional body; it is a critical player in South Africa’s ... COUNTRY’S DEMOGRAPHIC