At That Point
  • home
  • services
  • about us
  • our work
  • our thoughts

Accounting competition winners set to grow SA economy

28/9/2015

 
Picture
Helping to grow the South African economy is the ultimate prize for winners of the annual Accounting Olympiad, a competition for high school learners hosted by the South African Institute of Professional Accountants (SAIPA).
 
Accounting is a basic need and vital element of every business as it records business growth and suggests future action based on analysis and experience. In order to qualify for a career in accountancy, pupils need to matriculate in maths and not switch to maths literacy.
 
The aim of the National Accounting Olympiad is to make accounting as a subject more accessible to all students, and to introduce the option of professional accountancy as a career opportunity.
 
“Given the scarcity of those who are qualified as a Professional Accountant (SA) and the importance of mathematics and accounting to the greater economy, we actively participate in producing future professional accounting leaders in the numbers required to build the economy and create jobs,” says Cindy Dibete, chairperson of SAIPA.

“Learners who participated in the competition took an important decision about their own careers and enabling an economy desperately in need of job creation,” says Dibete.
 
Participants in the competition are Grade 12 learners, who wish to follow a career in accountancy. Once identified for participation by their teachers, the learners compete against each other for eligibility and the top candidates from each school write the regional exam. The winners of each region then participate in a national exam, with six overall winners determined by the exam results.
 
Winners in the public schools category (male):
Winner: Jacobus Johannes Schoeman, Vredenburg Hoëskool, Western Cape, 100%
Runner-up: Moeketsi Comfort Molale, Forte High School, Gauteng, 98%
 
Tied winners in the public schools category (female):
Ayanda Mabunda, E.P.P. Mhinga Secondary School, Limpopo, 100%
Uviwe Mbombela, Queenstown Girls’ High School, Eastern Cape, 100%
 
Winners in the private schools category:
Winner (male): Roger Song, Reddam House Bedfordview, Gauteng, 94%
Winner (female): Raadiyah Mohamed Patel, Maritzburg Muslim School for Girls, Kwa-Zulu Natal, 91%
 
The national winners of the 2015 SAIPA Accounting Olympiad will be awarded their prizes at a gala function in Johannesburg on 1 October 2015. 

For photos from the award ceremony, please visit http://bit.ly/1JSxjbB

​ENDS

MEDIA CONTACT: Cathlen Fourie, 012 644 2833, cathlen@thatpoint.co.za, www.atthatpoint.co.za  

For more information on SAIPA please visit:
Website: www.saipa.co.za 
Twitter: @SAIPAcomms
LinkedIn: South African institute of Professional Accountants Company
Facebook: South African Institute of Professional Accountants

Dear Deputy President: Here’s how SMEs can bring the “big bucks”

15/9/2015

 
SMEs can only fulfil their potential if they can expand—with expansion comes resilience. A key focus of government should be to find innovative ways of enabling small, medium or new businesses to access capital more easily. Studies have shown repeatedly that the inability to access capital is one of the key challenges facing all new businesses, and a major constraint for smaller businesses wanting to expand.

“Government has rightly identified SMEs as engines of growth and job creation. Resilience is important given the tough economic climate, and the opportunity to generate significant employment,” says Ettiene Retief, chairperson of the National Tax and SARS Stakeholders Committees at the South African Institute of Professional Accountants (SAIPA). “Giants that employ thousands of people, like Pick ‘n Pay, began as family stores—they only grow if they can fund that growth.”

Cyril Ramaphosa recently noted that Government is currently investing heavily into the South African economy, and called for ideas from the business community. Retief says that it is very important for government to ensure that any investment is carefully structured to make the most impact on the economy.

“Investment is good news, but we need to take a step back and ensure that we understand how to make this investment really work for the economy,” Retief says. “Just doing more of the same is not going to achieve the results the economy needs.”

Retief cautions against excessive focus on traditional industries such as manufacturing. Attention must be also given to stimulating growth in the services and skills sectors, as they form an increasingly important part of modern economies.

“My final point would be to ask that we also consider how to make these investments play a role in attracting foreign direct investment into South Africa. We need as much of this as possible in order to put the economy back on a growth trajectory. Thus, when we are working out how to make capital more accessible to smaller businesses, and which sectors to target, we should be thinking about supporting companies that will in turn make this country a more attractive prospect for international investors,” Retief concludes.

​ENDS


MEDIA CONTACT: Cathlen Fourie, 012 644 2833, cathlen@thatpoint.co.za, www.atthatpoint.co.za  

For more information on SAIPA please visit:
Website: www.saipa.co.za 
Twitter: @SAIPAcomms
LinkedIn: South African institute of Professional Accountants Company
Facebook: South African Institute of Professional Accountants
    Welcome to the SAIPA newsroom. For releases prior to August 2014 please click here.

    Archives

    December 2020
    November 2020
    October 2020
    September 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    April 2015
    February 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014

    Categories

    All
    2014/15 Tax Filing Season
    2016 Tax Administration Laws Amendment Bill
    21 February 2018
    4IR
    Accountability
    Accountancy
    Accountants
    Accounting
    Accounting Ethics
    Accounting Institutions
    Accounting Integrity
    Accounting Standards
    Advice For Professional Accountants
    Africa
    Anti-corruption Pledge
    B-BBEEE
    Blockchain
    Bongani Coka
    Brian Purcell
    Bridging The Gap
    Budget 2015
    Budget 2016/17
    Budget Speech 2018
    Business
    Business Budget
    Business Rescue
    Cadre Formation
    Carbon Tax
    Careers
    CEO
    Code Of Ethics
    Companies Act
    Constitution
    Continuing Professional Development
    CPA Ireland
    CPD
    Cryptocurrencies
    Cryptocurrency
    Cyber Crime
    Cyber Security
    Cyril Ramaphosa
    Darren Gorton
    David Van Rooyen
    Davis Commission
    Debt
    Debt Intervention Bill
    Deloitte
    Department Of Basic Education
    Department Of Home Affairs
    Die Hoërskool DF Malan
    Different Types Of Accountants
    Doctoral
    Economic Climate
    Economic Development
    Economic Growth
    Economic Instability
    Economy
    Education
    Empowerment
    Environment
    Estate Planning
    Ethics
    Ettiene Retief
    Exxcellence
    Faith Ngwenya
    Female Entrepreneurs
    FICA
    FICA Bill
    Finance Minister
    Financial Intelligence Centre Act
    Financial Statements
    Fiscus
    Foreign Trade
    Fraud
    Georgina Barrick
    Global Economy
    Government
    Government Institutions
    Grade 11
    Grade 12
    Grant Thornton
    Health Issues
    Honours Degree
    HSBC
    IFAC
    Initial Coin Offerings
    International Business Report
    International Federation Of Accountants
    International Standard Of Review Engagements
    IRC Of SA
    Job Creation
    Job Losses
    Juane Cronje
    KPMG
    Kwa-Zulu Natal
    Large Business Centre
    LBC
    Learners
    Legal
    Malusi Gigaba
    Mandela Day
    Mark Kingon
    Marnus Broodryk
    Masters Degree
    Mathematics
    Medium-Term Budget Policy Statement
    Membership
    Mid-term Budget
    Mini Budget
    Moetapele Programme
    Momorandum Of Understanding
    Money Launderers
    Monitoring Females
    MTBPS
    NAO
    National Accounting Olympiad
    National Budget 2017
    National Consumer Tribunal
    National Credit Amendment Bill
    National Credit Regulator
    National Development Plan
    National Health
    National Imperatives
    National Tax Thesis
    NOCLAR
    Non-compliance
    Non-Compliance With Laws And Regulations
    Norton Rose Fullbright
    Obesity
    PAFA
    Pan African Federation Of Accountants
    Parilament
    Parliament
    Parliament’s Trade And Industry Committee
    Passenger Identity
    Paying Taxes Report 2018
    PE Exam
    Personal Details
    Personal Income Tax
    Pravin Gordhan
    Prem Govender
    Professional Accountants
    Professional Accountant (SA)
    Professional Accounting
    Professional Evaluation Exam
    Project Achiever
    Project Achiever Extended
    Protection Of Information
    Public Schools
    PWC
    Ragiema Thokan Mahomed
    Ragiema Thokan-Mahomed
    Rashied Small
    Repositioning
    Retirement Funding Reform
    SAIPA
    SAIPA Budget Breakfast
    SARS
    School
    School Learners
    Service Delivery
    Shahid Daniels
    Shahied Daniels
    Shirley Olsen
    Sibusiso Thungo
    Skills
    Skills Development
    Skills Retention Plan
    Skills Shortage
    SMEs
    South Africa
    South African Institute Of Professional Accountants
    South African Institute Of Professional Accountants
    South African Institute Of Tax Professionals
    South African Schools Act
    Struggling Economy
    Students
    Sugar Tax
    Sugary Drinks
    Sustainibility
    Tax
    Tax & Accounting Thesis Competition
    Tax Administration Act
    Tax Administration Laws Amendment Bill
    Taxation
    Tax Clearance Certificates
    Tax Compliance
    Tax Filing Season
    Tax Indaba 2016
    Tax Law
    Tax Ombud
    Tax Payers
    Tax Practitioner
    Tax Season
    Tax Thesis
    Tax Thesis Competition
    Technology
    Tertiary Education
    The Financial Intelligence Centre Amendment (FIC
    Thesis/dissertations
    The South African Institute Of Professional Accountants
    The South African Revenue Service
    The Tax Administration Act
    Thomas Hoeppli
    Tom Mojane
    Transformation
    Treasury
    Trust
    Trusts
    UCT
    Unemployment
    University Of Cape Town
    Value Added Tax
    VAT
    Wealth Taxes
    Winslyn
    Women
    Women Empowerment
    Women's Month
    Workplace
    World Bank
    Xenophobia
    Youth
    Zobuzwe Ngobese

    RSS Feed

CONTACT US

office [at] atthatpoint [dot] co [dot] za
© COPYRIGHT 2020
ALL RIGHTS RESERVED.

  • home
  • services
  • about us
  • our work
  • our thoughts