In the 2016-2017 World Economic Forum Global Competitiveness Report, South Africa's primary education system was rated 126th out of 138 countries.
This feature takes a look at how professionalism helps to build and maintain an ethical society, one that upholds the values of honesty, integrity and dependability. It explores the role professional bodies play in setting and upholding industry standards, and how professional development assists in the maintenance of those standards. It also looks at the role business schools are playing in professional development, and what skills will be needed in the future world of work.
The South African Institute of Chartered Accountants (SAICA) is delivering a steady stream of qualified CAs(SA) from previously disadvantaged groups into the financial and accounting sector through its Thuthuka Nation Building project, transforming the profession while building our nation in line with the vision of the National Development Plan (NDP).
Skills development is a priority element of the B-BBEE scorecard and it is one of the easiest priority elements to comply with, if you know how...
SAICA along with strategic partners such as FASSET, Bankseta and the National Skills Fund have undertaken to build capacity with the ultimate goal of accrediting Historically Disadvantaged Institutions (HDIs) accounting programmes so that students at these institutions can study to become chartered accountants (CAs[SA]) without having to leave their provinces.
As unemployment in South Africa jumped to 27.2% for Q2 2018, the proverbial walls seem to be closing in on job seekers. The strain of this appears to be intensified among the youth who account for 63.5% of the total number of unemployed persons,irrespective of education level.
As one of the original members of the SAQA commission which worked on the Professional Body framework and regulations, I am now astounded by how existing and aspirant Professional Bodies, but more so, pre-existing Statutory Bodies, are consciously misinterpreting what Continuous Professional Development(CPD) is and how it needs to be quality assured.
According to recent research conducted by the Small Business Institute of South Africa, local small and medium enterprises (SMEs) are still economically fragile, with approximately 70% of emerging small businesses failing within the first two years of operation.