Acts Online
GT Shield

Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Industry Charters

Chartered Accountancy Charter

Section D : Challenges

Challenges Facing the CA Profession

Employment Equity

15.2.5 Employment Level


Obviously, enterprises in the CA sector will only be able to achieve the compliance targets on the different scorecards if the trainee accountants remain within the sector. To this end, the desired future outcome with regard to employment would be that because of satisfaction with working conditions, the black trainees who qualify as CAs remain in the profession or in public practice for at least three years after qualification.


Current situation / challenges

Recommended activities

Working conditions and opportunities for trainees

Support and mentorship programmes are generally inadequate
Difficulties in reaching off-site audit assignments because trainees cannot afford a vehicle
Inadequate study leave is an issue for the many black part-time trainees
A heavy financial burden with the black trainee frequently having to support an extended family
Insufficient accredited training offices
Prospective trainees have little knowledge of small and medium size accountancy firms and tax and advisory consultancy professions
To widen the scope of mentoring and counselling to address social-economic difficulties of trainees
To provide a work environment for trainees that is conducive to both job fulfilment and achievement of professional qualifications
To facilitate access to finances for trainees in need
To provide special skills development programmes for black trainees to level the playing field
To ensure that students are aware of all career and training opportunities at
o not just the bigger firms but also small and medium size firms
o all accredited training organisations