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

15.6 Socio-Economic Development


The CA sector plans to achieve its compliance targets by increasing spending on SED initiatives in health, education, poverty alleviation and community development and more support of non-government organisations as well as public institutions.


Current situation / challenges

Recommended activities

Socio-economic investment initiatives mostly focus on own communities and not the more disadvantaged where the need is greatest
Poor communication and coordination on initiatives
Lack of knowledge on where or how firms could become involved
Development projects do not always result in sustainable social development
Inadequate financial management capacity in various spheres of government
SAICA to initiate coordinated, viable development projects across organisations / firms
SAICA to publicise initiatives so that all firms and organisations know how and where they can become involved
To provide support (training, workshops, secondmentst) to government and other public institutions on a remunerative basis