Trust and company service providers (TCSPs) operate in an environment that makes them vulnerable to abuse by entities or individuals who may seek to misuse corporate structures to hide illicit funds and their beneficial owners.

The South African Institute of Chartered Accountants (SAICA) revised its strategy in 2024 and confirms that it has undertaken a review of its Target Operating Model (TOM) to ensure that the organisation is structured to adapt to the rapidly evolving business landscape and deliver on its five-year strategy. The TOM aims to evolve SAICA into a deeply Insight-Driven Organisation (IDO) that accelerates member value, enhances organisational capabilities, remains economically and socially relevant, streamlines some processes and embraces sustainability to operate as a winning organisation.