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

Industry Charters

Chartered Accountancy Charter

Section D : Challenges

17. Present and Future Activities

17.4 Challenges and Identified Strategies

17.4.1 Education

(b) Undergraduate level






Poor throughput pass percentages at undergraduate and postgraduate levels amongst black students (mainly due to socio-economic problems)
A focus primarily on technical skills, which leaves students unprepared for the life skills in their professions
Many historically black institutions are still unable to achieve accreditation
A lack of funding leads to many black students studying on a part-time basis. This in turn means that they take longer to obtain a tertiary qualification
Lack of an effective learning model - many students work hard but not effectively
Lack of mentoring and monitoring contribute to a high dropout level and poor throughput pass percentages
To widen the scope of tertiary education to include life skill training and socio-economic coping mechanisms
To attain uniformity of standards among all tertiary institutions
To improve the provision of bursaries for the development of black CAs
To provide more and better supervision with regard to bursaries
To provide support mechanisms for black students at tertiary level, financially and particularly socially
To work with accredited universities in increasing the black student numbers and pass percentages of students not on a Thuthuka programme
RAU Ex-CIDA: Undergraduate students project 2004
University of Fort Hare/Limpopo: Workplace readiness project 2005
University of Fort Hare/Limpopo: Workplace readiness project 2006 (approved in 2005)
Eastern Cape: Education upliftment project
KwaZulu-Natal/Limpopo: Education upliftment project
University of Fort Hare: Fourth-year student support
University of Johannesburg: Third-year student support
Thuthuka Board Fund programme
Increased number of students entering tertiary institutions studying towards CA(SA)
Students numbers that are representative of the population demographics both with regard to gender and race
Pass percentages of all race and gender groups are equal