News Articles and Press & media releases

Below are just a few of the latest press releases:

SAICA Announces the Disciplinary Committee Outcome on Tshifhiwa Matodzi
SAICA Announces the Disciplinary Committee Outcome on Tshifhiwa Matodzi
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Johannesburg, 20 February 2019 – SAICA hereby informs all stakeholders that the hearing in respect of Mr Tshifhiwa Matodzi, the former Chairman of the Board of VBS Mutual Bank, was concluded on 19 February 2019. The Disciplinary Committee has ordered the cancellation of Mr Matodzi's membership from SAICA in terms of SAICA By-law 30.2.
Lower pass rate back-ups how tough CA qualification standards are
Lower pass rate back-ups how tough CA qualification standards are
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Johannesburg, Friday, 15 February 2019: The results of the Assessment of Professional Competence (APC) – the final hurdle in the seven year (minimum) Chartered Accountancy qualification journey – released today yielded critical insight into the quality of newly qualified CAs(SA) being produced for business. While the results reflect a decline in the pass rate, which stands at 68% for the 2018 November APC cohort, the South African Institute of Chartered Accountants (SAICA) says it demonstrates how high the professional standards of prospective Chartered Accountants (CAs[SA]) must be if they wish to qualify.
African senior finance executives believe recession likely by year-end 2019
African senior finance executives believe recession likely by year-end 2019
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Johannesburg, 11 February 2019 – Ninety-seven percent of African senior finance executives believe their countries will be in recession no later than year-end 2019. Recession is expected in the next three quarters and real GDP growth for 2019 is estimated at less than 2%.
SAICA appoints new CEO
SAICA appoints new CEO
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Johannesburg, 31 January 2019 - The Board of the South African Institute of Chartered Accountants (SAICA) proudly announces the appointment of Mr. Freeman Nomvalo as the Institute’s new CEO. Dr. Terence Nombembe, the previous CEO’s term comes to an end on 31 January 2019. 
South African Mathematics Olympiad entries are open
South African Mathematics Olympiad entries are open
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Johannesburg, Tuesday 29 January 2018 - The 2019 leg of the South African Mathematics Olympiad (SAMO) is underway and entries close on the 1st of February. Secondary schools are urged to enter any eligible high school learner to test and enhance their problem solving skills.
Top honours bestowed on SAICA beneficiaries in the Western Cape
Top honours bestowed on SAICA beneficiaries in the Western Cape
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Durban, Wednesday 23 January 2018 – Simphiwe Ngewu from the Khanyolwethu Secondary School has just received an award for excellent achievement across the province in the Western Cape after he amassed an impressive seven distinctions in last year’s National Senior Certificate exams.
Meet KZN’s top aspirant accountants
Meet KZN’s top aspirant accountants
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Durban, Tuesday 22 January 2019 – Do academic support initiatives really help learners better their marks? Parents often ask this before agreeing to let their children take part in activities outside their hectic school curriculum.
SAICA advises SGBs: Don't appoint an auditor before reading this
SAICA advises SGBs: Don't appoint an auditor before reading this
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Johannesburg, 16 January 2019 – There is confusion around who can audit financial statements of a public school and what kind of engagement they must perform. The South African Schools Act (SASA) requires that the governing body of a public school must appoint a person registered as an auditor in terms of the Auditing Professio
Gauteng matrics show that academic intervention produces results
Gauteng matrics show that academic intervention produces results
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Johannesburg, Tuesday 15 January 2019 – Do academic support initiatives really help learners to improve their marks? This is a question parents often ask themselves when they agree to let their children take part in activities outside their child’s already hectic school curriculum. For the 296 Gauteng matric learners who took part in the province’s annual development camp—a partnership between the South African Institute of Chartered Accountants (SAICA) and the Gauteng Department of Education (GDE)—the answer is a resounding ‘yes’. This is proven by the fact that these leaners achieved a combined 219 distinctions for mathematics and physical science in their final matric exams.
Building an ecosystem of thriving SMEs that will transform the economy
Building an ecosystem of thriving SMEs that will transform the economy
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Johannesburg, 3 December 2018 - In its National Development Plan, government hopes that by 2030 90% of new jobs will be created by Small Medium Enterprises (SMEs). For this to become a reality, collaborative action is required by key stakeholders including government, the private sector, B-BBEE service providers and incubators, and individual entrepreneurs.