WEF Global Competitiveness Report - A time for reflection

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Johannesburg, Monday, 2 October 2017 - The World Economic Forum's Competitiveness Report 2017-2018 that was released last week, shows that South Africa's overall ranking has declined from 47 to 61 (out of 137 countries included in the recent report). The global competitiveness index (GCI) comprises 114 indicators, which are grouped into 12 pillars. One of these indicators, of particular interest to SAICA, is the strength of the country’s auditing and reporting standards. South Africa has not retained its number one position in this regard, and is now ranked 30th.

SAICA CEO seconded to the Commission of Inquiry into State Capture

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Johannesburg, 07 March 2018 – The SAICA Board wishes to inform members and stakeholders of the decision to second SAICA’s Chief Executive Officer, Terence Nombembe, to the Judicial Commission on State Capture.  The board acceded to a request by the Deputy Chief Justice, Raymond Zondo. In terms of the secondment, Nombembe will assist Zondo in the Commission’s investigative work for an initial period of six months.  In reaching this decision, the board took into account a number of factors, including some of the items listed below.

SAICA responds to EFF comments on Trillian donation

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Johannesburg, 08 March 2018 - The Chairman and Acting CEO of the South African Institute of Chartered Accountants (SAICA) take this opportunity to make it clear to the South African public that SAICA and its entities have never been party to any form of state capture or been consciously involved with those accused of any such dealings.