South Africa’s financial management and auditing sector is searching
in vain for over 20,000 qualified accountants, the South African
Institute of Chartered Accountants (SAICA) said today.
The institute said a total of 22,000 accountants were needed
It also warned that the situation could worsen in the years ahead.
"The future looks bleak, given especially that economic growth is so
reliant on people in the financial occupations. We are actively seeking
solutions," said SAICA executive president Ignatius Sehoole.
According to the institute, research indicated that South Africa was
in an especially difficult situation and business growth expectations
among the organisations canvassed could be stifled by lack of suitable
qualified candidates, especially black candidates.
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