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Strengthening cross-border ties between SA and Eswatini

Last Updated Jul 2019

Johannesburg: Monday 1 July 2019 –With South Africa as its major trading partner, strong cross border relations with Eswatini (formerly known as Swaziland) are crucial to ensuring a good working relationship between the two countries. To make professional mobility for chartered accountants easier, the South African Institute of Chartered Accountants (SAICA) has added the Eswatini Institute of Accountants (EIA) to the growing list of countries with which it has mutual recognition agreements (MRAs) in place.

‘SAICA is delighted to have entered into this MRA with EIA. Not only does the MRA assist our members, but we believe it will also enhance the existing good relations and cooperation between the two institutes, so that together we can accelerate the development of the accounting profession on the African continent,’ says Mandi Olivier, SAICA’s Senior Executive for Professional Development.

Advancing the interests of respective members and positively contributing to the development of the accounting profession in Africa is at the heart of the MRA. It provides a mutual co-operation framework between the two organisations, explains Olivier.

Adds EIA Executive Director, Barnabus Mhlongo: ‘We are confident that the MRA will help facilitate the reciprocal recognition of the South African chartered accountancy designation (CA[SA]) and Eswatini’s local accountancy qualification, thereby ensuring that members of both institutions attain local recognition of their designation.”

According to the terms of SAICA’s MRA with the EIA, it will:

  • facilitate the reciprocal recognition of the South African chartered accountancy designation (CA[SA]) and Eswatini’s local accountancy qualification, thereby ensuring that members of both institutions attain local recognition of their designation;
  • foster strong working relations between the two accounting institutes; and
  • increase the mobility of professionals at either end in order to herald a new dimension for small and medium businesses in both countries.

 

Mhlongo adds that, according to these terms, the MRA will also increase the mobility of professionals at either end to herald a new dimension for both small and medium businesses in both countries.

With the addition of EIA, SAICA now has reciprocity agreements with 12 global institutes, namely:

  • The Institute of Chartered Accountants in England and Wales (ICAEW);
  • Chartered Accountants in Australia and New Zealand (CAANZ);
  • The Chartered Professional Accountants of Canada (CPAC);
  • The Hong Kong Institute of Certified Public Accountants (HKICPA);
  • Chartered Accountants Ireland (CAI);
  • The Institute of Chartered Accountants in Scotland (ICAS);
  • The Institute of Chartered Accountants Zimbabwe (ICAZ);
  • The Institute of Chartered Accountants of Namibia (ICAN);
  • The Chartered Institute of Management Accountants (CIMA);
  • The Institute of Certified Public Accountants of Kenya (ICPAK);
  • The Institute of Chartered Accountants of India (ICAI); and
  • The Eswatini Institute of Accountants (EIA).

 

These agreements ensure that the CA(SA) qualification is regarded in the same light as a local qualification, should a SAICA member wish to work in another jurisdiction. This means CAs(SA) are able to use their CA designation in the respective jurisdictions without writing conversion examinations – as long as they retain their SAICA CA(SA) designation.

Members who have queries about the MRA signed by SAICA with the EIA may contact Adri Kleinhans at adrik@saica.co.za.

About SAICA
SAICA, South Africa’s pre-eminent accountancy body, is widely recognised as one of the world’s leading accounting institutes. The Institute provides a wide range of support services to more than 46 000 members and associates who are chartered accountants (CAs[SA]), as well as associate general accountants (AGAs[SA]) and accounting technicians (ATs[SA]), who hold positions as CEOs, MDs, board directors, business owners, chief financial officers, auditors and leaders in every sphere of commerce and industry, and who play a significant role in the nation’s highly dynamic business sector and economic development.

SAICA Media Contact
Ms Karin Jacobsen
Project Manager: Marketing and Communications
SAICA Nation Building Division
Tel: ‪011 621 6913
Email: karinj@saica.co.za

Mr Kulani Chauke
Corporate Communications Co-Ordinator, Marketing & Communications (SAICA)
Tel: 011 479 0698
Email: kulanic@saica.co.za