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Latest from SAICA
SAICA and Standard Bank partner to make a difference in the lives of youth
Johannesburg, 22 April 2024 - In a groundbreaking initiative aimed at empowerment and fostering diversity within the accounting profession, Standard Bank has forged a pioneering partnership with the South African Institute of Accounting (SAICA) to sponsor fourth-year accounting students at three historically disadvantaged universities in 2024. This marks the first collaboration of its kind between a leading financial institution and an esteemed accounting body, with the objective of elevating aspiring accountants who may lack the financial resources to pursue their dreams. This collaboration embodies the belief that success is achieved not only through individual effort but also through collective empowerment and support.
SAICA welcomes Akash Singh as the National Council President
Johannesburg, 9 April 2024 - We are thrilled to announce the appointment of Akash Singh as the new President of the National Council and ex officio member of the Board.
Akash is taking over the reins from Kobus Swanepoel, and we thank him for his unwavering support and dedication to SAICA and the accounting profession throughout his tenure.
Two-pot system: Key considerations before you withdraw your retirement savings
Johannesburg, 27 March 2024 - The retirement funds industry is poised to implement the long-awaited two-pot system, effective September 1, 2024, granting members partial access to their retirement savings. However, there is a critical need for education and managing members' expectations due to prevalent misinformation. Members must stay informed through their respective funds’ communications to understand the process of accessing these funds fully. While many members grasp the concept of a R30,000 withdrawal, other crucial considerations remain overlooked. Kedibone Sono CA(SA), SAICA Project Director for Members in Business (Technical), sheds light on these considerations, alongside the challenges members need to navigate while assessing their savings.