Why Are Chartered Accountants Needed in South Africa?

Although the journey to becoming a Chartered Accountant is long, it is an occupation which can land you a job in any industry. Teboho Moephudi from SAICA gave us some insight into why Chartered Accountants are important in South Africa.

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Chartered Accountants (CA)s play an important role in the country and it's functioning. If you're thinking of becoming a Chartered Accountant, be ready for a long journey that has many benefits at the end.

Careers Portal had a chat with Teboho Moephudi from the South African Institute for Chartered Accountants (SAICA) which lead to Moephudi telling us why CAs are needed in South Africa:

Chartered Accountancy profession and Chartered Accountancy skill is on the scarce skills list in South Africa.

This list details which critical skills are needed in the country and is important for businesses in South Africa who are looking to attract skilled workers. 

You can take a look at the Scarce Skills list here.

CAs are trained to support corporate decision making through analytical and data driven insights. Such skills and expertise will serve as a critical lifeline to business who are trying to successfully navigate unchartered waters in a post-Covid world, said Moephudi.

They also give advice and forecasts on facts which are invaluable and will allow businesses to adapt their strategic focus to remain relevant and profitable. 

Even in the face of uncertainty, some things are certain and the corporate landscape and the future of the corporate landscape may be evolving in ways that are not necessarily predictable but we can be sure that whatever the future will look like, a CA(SA) will continue to play a significant role in defining business success.

It takes 7 years to become a CA with Moephudi saying, "The road to becoming a Chartered Accountant is long but is so worth it ... A qualified CA can enter into any industry".

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