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“As we reflect on the events of 2022, we recognise both the introspection it brought and the significant outcomes it produced. As an institute with a crucial role in our economy, society, and regular regulatory bodies, we have faced challenges in serving the best interests of our members and stakeholders. However, our success is not measured by our failures, but rather how we rise above them with renewed energy and focus to achieve our mandate.”
“As we reflect on the events of 2022, we recognise both the introspection it brought and the significant outcomes it produced. As an institute with a crucial role in our economy, society, and regular regulatory bodies, we have faced challenges in serving the best interests of our members and stakeholders. However, our success is not measured by our failures, but rather how we rise above them with renewed energy and focus to achieve our mandate.”
As the CEO, I acknowledge the challenges that arose during the APC examination sitting in December 2021. We took the lessons learned and implemented changes, resulting in a successful rewrite in March 2022 as confirmed by internal auditors. Our goal is to create a conducive environment for our candidates, where they can focus on their tasks without distractions. Our efforts have paid off with a combined 72% pass rate for both exam sittings in December 2021 and March 2022. We will continue to strive for excellence in all aspects of our operations.
Since 2013 SAICA became a recognised controlling body for tax practitioners. In 2015 the reporting requirements increased and SAICA was not adequately resourced to respond which led to a backlog of cases. In 2022 SAICA disciplined the affected members, resulting in an outcry due to the lateness and severity of the sanctions. The pain and inconvenience suffered by members is regrettable. There may be a need to amend the constitution to allow a more efficient process in the future and avoid another occurrence.
As the CEO, I acknowledge the challenges that arose during the APC examination sitting in December 2021. We took the lessons learned and implemented changes, resulting in a successful rewrite in March 2022 as confirmed by internal auditors. Our goal is to create a conducive environment for our candidates, where they can focus on their tasks without distractions. Our efforts have paid off with a combined 72% pass rate for both exam sittings in December 2021 and March 2022. We will continue to strive for excellence in all aspects of our operations.
Since 2013 SAICA became a recognised controlling body for tax practitioners. In 2015 the reporting requirements increased and SAICA was not adequately resourced to respond which led to a backlog of cases. In 2022 SAICA disciplined the affected members, resulting in an outcry due to the lateness and severity of the sanctions. The pain and inconvenience suffered by members is regrettable. There may be a need to amend the constitution to allow a more efficient process in the future and avoid another occurrence.
In 2022, SAICA proudly welcomed 2 703 new CA(SA) members, 711 AGAs(SA), and 78 ATs(SA). We also had the pleasure of bringing 4 169 new trainees into our pipeline, who will one day become future members of our organisation.
As we celebrate the 20th anniversary of Thuthuka, we are thrilled to see the initiative’s continued growth and success. Our commitment to transforming the industry remains unwavering, and we are pleased to report that Thuthuka students continue to achieve excellent pass rates in the ITC surpassing overall averages. The positive results of our Thuthuka ITC Repeat Programme further solidify our efforts in this regard.
SAICA’s Thuthuka school initiatives, including the SAICA development camps, have impacted the lives of over 600 000 learners across the country, and we are actively involved in promoting mathematics education. However, we are concerned about the differential pass rates between African and White students, which are deterring historically disadvantaged candidates from entering the CA programme. This issue is a top priority for us, and we remain dedicated to ensuring that nothing impedes our efforts to increase representation and diversity in the industry.
In 2022, SAICA proudly welcomed 2 703 new CA(SA) members, 711 AGAs(SA), and 78 ATs(SA). We also had the pleasure of bringing 4 169 new trainees into our pipeline, who will one day become future members of our organisation.
As we celebrate the 20th anniversary of Thuthuka, we are thrilled to see the initiative’s continued growth and success. Our commitment to transforming the industry remains unwavering, and we are pleased to report that Thuthuka students continue to achieve excellent pass rates in the ITC surpassing overall averages. The positive results of our Thuthuka ITC Repeat Programme further solidify our efforts in this regard.
SAICA’s Thuthuka school initiatives, including the SAICA development camps, have impacted the lives of over 600 000 learners across the country, and we are actively involved in promoting mathematics education. However, we are concerned about the differential pass rates between African and White students, which are deterring historically disadvantaged candidates from entering the CA programme. This issue is a top priority for us, and we remain dedicated to ensuring that nothing impedes our efforts to increase representation and diversity in the industry.
SAICA’s values were reviewed with the goal of establishing a culture of ownership throughout the organisation and promoting an integrated organisational identity. As a result, the reward and recognition programme was suitably adjusted to align with these values. The employee engagement score improved from 75% in 2021 to 78% in 2022. Not only did the engagement level improve, the response rate also significantly increased from 57% in 2021 to 90%.
SAICA’s values were reviewed with the goal of establishing a culture of ownership throughout the organisation and promoting an integrated organisational identity. As a result, the reward and recognition programme was suitably adjusted to align with these values. The employee engagement score improved from 75% in 2021 to 78% in 2022. Not only did the engagement level improve, the response rate also significantly increased from 57% in 2021 to 90%.
I want to express my pride in the progress we have made in upholding the reputation of our profession. However, success is never easy, and I commend everyone for how they managed the challenges and difficulties that SAICA faced this year. Our highlights and financial performance are a testament to our hard work and dedication.
I would like to extend my gratitude to every individual who stepped up to support candidates affected by the 1 December 2021 APC issues. From firms and organisations that provided additional study leave, to training offices that provided technical support at the exam venues, and to volunteers who helped invigilate the exams. I am especially grateful to the SAICA staff who offered their assistance wherever needed. Thank you for your efforts and support.
We remain committed to addressing South Africa’s economic growth challenges and contributing to global sustainability efforts. Our strategic initiatives reflect this commitment, and we continue to engage with stakeholders on these critical issues. As part of this, we participate in various forums and advocate for policies that support sustainable economic growth and development. We recognise the importance of our members and associates in driving positive change as Difference Makers in their respective industries, and we remain focused on delivering value to them through our programmes, initiatives, and events.
I want to express my pride in the progress we have made in upholding the reputation of our profession. However, success is never easy, and I commend everyone for how they managed the challenges and difficulties that SAICA faced this year. Our highlights and financial performance are a testament to our hard work and dedication.
I would like to extend my gratitude to every individual who stepped up to support candidates affected by the 1 December 2021 APC issues. From firms and organisations that provided additional study leave, to training offices that provided technical support at the exam venues, and to volunteers who helped invigilate the exams. I am especially grateful to the SAICA staff who offered their assistance wherever needed. Thank you for your efforts and support.
We remain committed to addressing South Africa’s economic growth challenges and contributing to global sustainability efforts. Our strategic initiatives reflect this commitment, and we continue to engage with stakeholders on these critical issues. As part of this, we participate in various forums and advocate for policies that support sustainable economic growth and development. We recognise the importance of our members and associates in driving positive change as Difference Makers in their respective industries, and we remain focused on delivering value to them through our programmes, initiatives, and events.
Mr Sithembiso Freeman Nomvalo
SAICA Chief Executive Officer
Mr Sithembiso Freeman Nomvalo
SAICA Chief Executive Officer
SAICA Integrated Report 2022. All Rights Reserved.