More NewsSouth African profession faces charter for change

South African profession faces charter for change

Government pushes through 'black economic empowerment' charter for accountants

The accounting profession in South Africa yesterday saw the introduction of a
new charter aimed at drawing more non-white people into the profession.

The so called ‘black economic empowerment’ charter was pushed through by the
country’s trade and industry minister.

According to South African website
Business
Report
, just 12% of South Africa’s accountants are from a non-white
background.

The charter is intended to help change the profile of the profession so that
it better reflects the country’s demographics as a whole.

Accountancy firms and registered auditors, the South African Institute of
Chartered Accountants, and training bodies will now face targets for bringing
non-white people into their ranks, according to Business Report.

The charter also aims at bringing more people from unrepresented groups into
ownership of accountancy firms.

Business Report said the charter had been under discussion since
2004.

In a statement on southafrica.info, the South African ministry of trade is
quoted saying:

“Our country requires an economy that can meet the needs of all our economic
citizens – our people and their enterprises – in a sustainable manner.”

“This will only be possible if our economy builds on the full potential of
all persons and communities across the length and breadth of this country.”

More

Black
economic empowerment

Related Articles

Amazon UK halves its corporation tax bill despite increased turnover

More News Amazon UK halves its corporation tax bill despite increased turnover

4m Alia Shoaib, Reporter
Increase in UK business confidence despite Brexit, according to ICAEW

More News Increase in UK business confidence despite Brexit, according to ICAEW

7m Alia Shoaib, Reporter
Live blog: Spring Budget 2017

Corporate Tax Live blog: Spring Budget 2017

9m Accountancy Age editorial
The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

Insolvency The Curious Incident of the Insolvency Sector in the Light of Economic Turbulence

11m Accountancy Age editorial
Leonard Curtis called in as administrators for builders Boshers

Legal Leonard Curtis called in as administrators for builders Boshers

11m Stephanie Wix, Writer
New Year Honours of 2017

Accounting Standards New Year Honours of 2017

11m Stephanie Wix, Writer
"Not enough time" to implement MTD by 2018, says Tyrie

Corporate Tax "Not enough time" to implement MTD by 2018, says Tyrie

1y Stephanie Wix, Writer
Colin: A spoonful of investment...

Governance Colin: A spoonful of investment...

1y Stephanie Wix, Writer