This year, SAICA’s Thuthuka programme celebrates its 20th year of changing lives and transforming the profession.
Throughout the year, we’ll be celebrating some of the numerous milestones this programme has achieved.
Milestone 1: SAICA membership demographics have changed significantly
In 1980, there were only 8 African and coloured CAs(SA) in South Africa. Today, there are over 7 500 African and over 2 000 Coloured CAs(SA) registered with SAICA.
But the true impact of the combined efforts of Thuthuka’s transformation initiatives is best represented by looking at how the membership base of CAs(SA) under 35 years old has changed since SAICA’s transformation projects began.
According to SAICA’s latest statistics, of the 16 521 CAs(SA) under the age of 35, 4 393 are African and 1 013 are Coloured. This represents 33% of the total membership population under 35.
Milestone 2: Turning SA’s Historically Disadvantaged Universities (HDIs) into strongholds of empowerment
With the help of Thuthuka, all six of South Africa’s HDIs have achieved accreditation for their undergraduate BCom CA-stream degrees. This, in turn, contributes towards the National Development Plan’s transformation initiatives by increasing the number of black CAs(SA) not only in the province but also in South Africa.
Having accredited programmes at the country’s HDIs means that prospective CAs(SA) no longer have to move to other provinces to pursue a degree in chartered accountancy. This helps keep talented individuals from migrating to other city centres to find work and will, in turn, assist in boosting provincial economies.