Recommend: ITC results 2021 – Congratulations to ITC’s Top 10 CANDIDATES

The ITC is the first of two professional qualifying examinations aspiring chartered accountants (CAs(SA)) must pass on their journey to achieving the CA(SA) designation. Written twice a year, the ITC tests candidates’ ability to apply technical competence gained during the SAICA accredited academic programme which consists of an undergraduate and a postgraduate programme.

The ITC assesses candidates’ ability to evaluate underlying problems in various scenarios and, through critical thinking, apply technical knowledge gained through the academic programme. To pass, candidates must obtain an overall pass mark of 50% and must achieve a sub-minimum of at least 40% in three of the four professional papers.

‘The prospective CAs(SA) who passed the January ITC have much to be proud of,’ said Freeman Nomvalo, SAICA’s CEO. ‘These candidates have faced many challenges over the past two years, including adapting to blended teaching and learning methodologies during the COVID-19 restrictions. We congratulate the candidates for achieving an overall pass rate of 59% and are particularly pleased with the results of candidates who wrote the ITC for the first time as this group achieved a pass rate of 78%. In contrast, candidates who were repeating the ITC only achieved a 17% pass rate. These candidates were impacted, among others, by the 2021 second sitting being moved to September following delays to the 2020 academic year because of COVID-19 restrictions. This meant that results for the second 2021 ITC sitting were released at the beginning of November, a mere three months before candidates had the opportunity to retake the ITC in January 2022.’

Nomvalo added: ‘While we celebrate the overall results for the January ITC sitting, SAICA continues to be concerned about the significant gap in pass rates between African and other race groups especially White candidates. SAICA discusses the pass rates at the undergraduate, postgraduate and ITC levels with each SAICA accredited institution annually and they are required to put specific action plans in place to address the anomalies. In addition, SAICA commissioned Independent Research, due to be completed mid-2022, to further unpack the issues and find appropriate solutions.’

View the racial demographics of the January 2022 ITC results here…

Thuthuka students continue to shine

Despite the above, it is pleasing to note the inroads SAICA is making through its Thuthuka Bursary programme. Thuthuka-funded students achieved a 76% pass rate in the January 2022 ITC sitting. This is significantly higher than non-Thuthuka-funded African and Coloured candidates.

A phenomenal 29 candidates passed with honours

As stated earlier, candidates must obtain an overall mark of 50% to pass the ITC. Yet some excelled, with 29 candidates in the January 2022 sitting achieving 75% or more for the examination, therefore achieving a pass with honours. Included in the 29 are those candidates who earned a spot in SAICA’s prestigious Top 10 candidate list.

View the list of Top 10 candidates here…

In conclusion, Nomvalo extended SAICA’s congratulations to the successful candidates and reminded those who were unsuccessful that their journey is not over: ‘On behalf of the profession, I am proud to congratulate each and every one of the successful candidates for their hard work and determination. To the unsuccessful candidates, I encourage you not to give up and to continue working hard and to learn from this setback. Enrol in one of the support programmes available in the market and stay true to your dream of becoming a CA(SA). We look forward to welcoming you all into the profession when you reach the required qualification milestones.’

Lauren Tsafandakis
Associate at PricewaterhouseCoopers

Tell us about yourself?
I grew up in Pretoria and went to Stellenbosch University. In my free time, I enjoy creating art, spending time with friends and family, pets, travelling and taking pictures. I also love watching animals and listening to music.

How does it feel to be in the Top 10?
It is extremely validating to know all of my hard work paid off in the end, but I am admittedly surprised by the achievement. I am incredibly happy and grateful to all who supported me in the interim.

Tell us a bit about your training experience?
It has been interesting – the best thing I have learned thus far is how much I enjoy interacting with different people around me, and how much I can still learn.

Tips you can share with other ITC candidates?
Not to lose hope if it is your second time writing, and to be confident in yourself if it is your first time writing. Push through when you feel defeated and take a break every now and then. From the more technical side, really use the past papers to your advantage, with your CTA notes, and spend extra time on sections with which you struggle.

How did you celebrate?
PwC held an ITC function on the Friday the results were released, which was a lot of fun. I received many congrats from friends and family and my parents bought awesome balloons. I felt very happy and loved/celebrated by the people around me.

Hans-Peter Fechter
Associate auditor at Deloitte UK, London

Tell us about yourself?
I was born in Nelspruit and raised in Pretoria, where I had the privilege of attending Hoërskool Menlopark and the University of Pretoria, where I have always been a jack of all trades!

How does it feel to be in the Top 10?
It felt like receiving a Christmas present in March! Although it involved a lot of hard work and dedication, the achievement felt like a gift and was accompanied by overwhelming feelings of grace and thankfulness.

What was your ITC exam experience?
Chaotic. My mind was swimming with a million other things as I was due to leave for London two days after the exam. The lessons this experience taught me, however, was to rely on all your prior hard work and attempt to stay calm while writing – in the end you can only do your best.

What is your take on ethics and corruption?
These are probably the two most contentious buzzwords in our profession, but I believe it starts by holding yourself and others to the highest of standards. It means doing the work and doing it right – regardless of the hours, pay or recognition you might be receiving.

How did you celebrate your Top 10 achievement?
I was privileged to celebrate the achievement with my new friends, colleagues, and fellow South Africans here at the Deloitte London office. Not only did we as a group achieve a 100% pass rate, but Robert Searle also found himself among the Top 10, which added to the festivities − celebrated in true South African style with braaivleis and a couple of (imported) cold ones.

Michàel van Schalkwyk
Trainee accountant at KPMG Advisory Services

Tell us about yourself?
I attended Hoërskool Menlopark, whereafter I studied at the University of Pretoria. I have always been an avid sport enthusiast, and these days I enjoy spending my time on the golf course, tennis court, soccer field or snooker table with the guys at Pretoria Country Club or playing action cricket with my colleagues at KPMG. I also have a keen interest in the fields of accounting, finance and investing.

Why did you choose the CA(SA) career path?
It is a professional degree which opens many doors in the business world. Furthermore, I have always felt that one must study towards a degree that really challenges you academically − something that would differentiate you from others.

What was your ITC exam experience?
I made the wise decision to write the exam in George, where we were only 21 students writing (in contrast with Midrand, where apparently the people attended in their masses). This led to a pleasant and stress-free environment, which improved my experience considerably (and also allowed me to play golf a few times before the ITC!).

Tell us a bit about your training experience?
I am lucky to be doing my articles in advisory services at KPMG, which gives me the opportunity to gain experience in multiple fields − it has also helped me to build relationships across the firm, which I feel is essential to success.

Your advice to other ITC candidates?
Work smarter, not necessarily harder − spend some time to develop a work method that suits your strengths.

Caleigh Robson
Associate at PwC

Why did you choose the CA(SA) career path?
I love accounting and problem-solving. When I found out I can pursue a career that not only opens many doors for myself but also allows me to apply my mind to tackle new problems and scenarios, I instantly knew this was the field for me.

How does it feel to be in the Top 10?
It truly still feels unreal. I went into the exam with the mindset to do my best and the rest was out of my hands so to find out I not only achieved this but went as far as reaching my biggest goal since I started studying, it was amazing.

What is your definition of integrity?
To act with good intentions and an ethical mindset even when no one is looking. It’s about being honest and not letting anything break your values and ethical codes.

Tell us a bit about your training experience?
I have had an amazing experience; my firm has been so welcoming and ensures I always learn and grow whilst being a part of a wonderful group of people. I have learnt many lessons, some more simple than others.

Where do you see yourself in five years?
I hope to work for an amazing firm where I learn and grow and to travel the world a little. I want to exceed my own expectations and make an impact in the field.

Carla Botes
Audit assistant at Deloitte Johannesburg

Tell us about yourself?
I’m 22 and I attended the University of Pretoria undergrad and postgrad. I enjoy hanging out with my friends and travelling, and I am constantly researching new adventures − my bucket list is a mile long at this stage.

Tips you can share with other ITC candidates?
Spend your time studying wisely. Focus on the sections you know you struggle with and remember to give yourself enough meaningful breaks so that the time you spend studying is productive. When doing past papers, keep a side sheet of the type of errors you made, and insights gained by doing the paper. This will help identify the things you should keep in mind when writing.

Where do you see yourself in five years?
At this stage, I’m looking into doing an MBA or other master’s programme overseas after finishing articles. Mainly I just hope to be doing something I am passionate about, wherever in the world that may take me!

How has your training experience been so far?
Most of my audits so far have been in person, which is beneficial, especially when it comes to teamwork and the learning curve you face at the beginning. My biggest lesson has been reaching out for help from others in my team. As a very independent student the collaboration has been something to get used to and now I see how essential it is.

How does it feel to be in the Top 10?
It felt unreal at first! After the shock wore off, I had lots of fun celebrating it with everyone. I feel really proud, and it feels good to have all the hard work pay off.

Petra Laubscher
Academic trainee at Stellenbosch University (will join PwC in 2023)

Tell us about yourself?
I’m hard-working, innovative and passionate about learning and teaching. I believe in living a balanced life and I love spending time with my friends and family.

Why did you choose the CA(SA) career path?
In Grade 12 I was unsure what I wanted to study, but I knew I loved maths, accounting and working with people. I ultimately chose to pursue the CA(SA) career due to the wide variety of opportunities it presents. I’ve never regretted my decision!

How does it feel to be in the Top 10?
It’s a great honour! My goal was always to maximise the opportunity I have to learn, and to truly understand the work. Being in the Top 10 is an added bonus!

What was your ITC exam experience?
I think Stellenbosch University prepared me very well for the ITC. The exam was also very well organised. I would advise future ITC candidates to work out previous ITC papers to get used to the phrasing of questions, but never to expect only certain topics will be examined.

What is your definition of integrity?
‘How you act when no-one is watching’− this definition of integrity might seem like a cliché, but it really speaks for your inherent characteristics. Will you still choose to do what’s right if you know it will never be made public?

Dillon Ribeiro
CA(SA) entrepreneurship trainee at VAT IT

Tell us about yourself?
I am an extrovert who loves working with people and seeing individuals and teams reach their full potential. I enjoy golfing with my friends, exploring God’s creation in long hikes and other adrenaline enhancing activities.

Why did you choose the CA(SA) career path?
The opportunities to engage with various companies, industries and people intrigued me. Although I wanted to be a professional sportsman in school, I realised that I really enjoy the world of business. I enjoy the intricate technical detail as well as the bigger-picture, strategic, forward-thinking aspect. I have a passion for working with and leading people and I believe the CA(SA) career would provide a great platform to do so.

What was your ITC exam experience?
I probably wrote in one of the most beautiful exam venues, with a great view of the Cape Winelands vineyards and mountains, which was a treat, I actually had to focus on the exam paper. I learnt that one must believe in oneself and never underestimate one’s ability. Consistency in preparation and a passion for what you do is key to success. I struggled to process the news that I placed in the Top 10, nevertheless I am very thankful for the grace and favour that God has shown!

Your definition of integrity?
To be accountable to oneself, not only when having to give an account to someone else regarding your actions.

How did you celebrate?
Pizza and cake, on repeat. We also went go-kart racing, which I would definitely do again (highly recommended).

Priyanka Padayachee
Audit and data analytics trainee at Deloitte

Why did you choose the CA(SA) career path?
It was the immense opportunities this qualification presents. After talking to CAs(SA) both in and outside the field, one thing was clear. Those four letters behind your name open doors and afford you the chance to pursue many different career prospects. The flexibility allows your job prospects to grow as you do, along with the ever-changing work environment.

How does it feel to be in the Top 10?
It feels unreal. I never could’ve imagined myself placing in the Top 10. As I’m sure many CTA and ITC candidates can attest to, you are never quite sure how an exam went. I was incredibly surprised and grateful for this achievement.

What was your ITC exam experience?
Stressful, to say the least. But rewarding once completed. The key lesson is to stay calm and trust in yourself and the knowledge you possess.

What is your take on ethics and corruption?
I hope that by displaying ethical conduct and humanity in everything I do in the workspace and encouraging my colleagues to do the same I can have an influence. Far too often the immense pressure young auditors are placed under, as well the desire to quickly advance one’s circumstances can lead to unethical behaviour.

Tips you can share with other ITC candidates?
Work smart and work consistently. I found that preparing in advance and planning my time helped make the task seem more manageable and less insurmountable. Don’t forget to also find the time to unwind and prioritise yourself and your health.

Bennert van Schalkwyk
Associate at PwC

Why did you choose the CA(SA) career path?
I fell in love with accounting in high school and having a career as an accountant would allow me to do what I love. I have also always loved learning, and more importantly being able to apply what I learned theoretically in practical situations. A career as a CA(SA) will afford me the opportunity to do exactly that.

How does it feel to be in the Top 10?
It feels surreal. I could only ever dream of being in the Top 10. Having achieved it is truly a blessing.

What is your definition of integrity?
Someone once told me that integrity means doing the right thing, even when no one is watching. This has always stuck with me.

Tips you can share with other ITC candidates?
A few things that helped me on my ITC journey:

• Consistently work hard.
• Take breaks when you feel you need to. You are not a machine that is programmed to work efficiently 24/7.
• Be confident in your ability to prepare and pass the ITC. A famous quote that helped me is, ‘You did not come this far to only come this far’. You undoubtedly have what it takes to be successful, you only need to believe it.

How did you celebrate?
My firm had an event for the ITC results at a Greek restaurant. After the results were released, the first-year trainees were given plates to smash on the floor in celebration of their success. I also went out to a nice restaurant with my family to celebrate with them and to thank them for their continued support.

Robert Searle
Audit associate at Deloitte UK, London

Tell us about yourself?
I was born in Pietermaritzburg but moved to Durban when I was 12. I attended Clifton College and went to Stellenbosch University where I completed my BAcc honours degree. I enjoy being busy and getting involved in a range of activities. I have recently moved to London to complete my SAICA articles with Deloitte.

What made you decide to pursue the CA(SA) career?
I always knew I wanted to pursue a career in business. Having a deep understanding of accounting is vital for a career in business. The endless career opportunities of having a CA(SA) qualification really appealed to me and as such I decided to pursue this career path.

How does it feel to be in the Top 10?
It feels amazing! I was gobsmacked when I saw my name on that list, as I genuinely was not expecting this achievement in the slightest. It is an incredible honour and I feel very grateful.

What was your ITC exam experience?
The time leading up to the ITC exam was stressful with trying to balance studying, preparing to move to London and spending time with my family and friends before moving. I reminded myself to stay calm, have confidence in my understanding of the topics and, as always, give the exams my best shot.

Tell us a bit about your training experience?
I have had a very positive training experience thus far. I have enjoyed meeting new people from a variety of backgrounds all with a common passion for accounting. I have learnt that it is important to keep asking questions and try to understand the reason behind certain processes rather than simply performing the task assigned to you.