Dr Terence Nombembe to lead State Capture Inquiry
STATEMENT by The African Women Chartered Accountants (AWCA) Forum- 03 March 2018
The AWCA wishes to extend its well wishes and congratulations to SAICA CEO Dr. Terence Nombembe on his secondment to the Judicial Commission on State Capture.
The AWCA believes that the request for Dr. Nombembe to join the Commission is a vote of confidence not only in him but in the Chartered Accountancy profession and indicates that the profession continues to play a pivotal role in upholding ethics and good governance. Furthermore, in light of the recent scandals that have plagued the profession, the trust bestowed upon Dr. Nombembe reaffirms our belief that the acts of a few do not define the entire profession and this is one more step in the right direction for chartered accountants to restore publi...Read more >>
Restoring credence to the CA (SA) designation
STATEMENT by The African Women Chartered Accountants (AWCA) Forum- 14 December 2017
The past week has seen the accounting profession brought yet again into question. The dark cloud that covers Steinhoff has led to a significant erosion of wealth, having lost R282bn in market value in a week. This is one of the most catastrophic losses on a single stock on the Johannesburg Stock Exchange (JSE) and goes beyond the erosion of shareholders’ wealth. The implications of this enormous loss affect the most vulnerable members of society as pensions are at stake and, more devastating in a country with an already high unemployment rate, the potential of job losses. This could also bring into question the credibility of the South African financial market leading to a decline in foreign...Read more >>
Balancing The Books In An Imbalanced State
The Board of the African Women Chartered Accountants (AWCA) has noted the Medium-term Budget Statement delivered by the Finance Minister this week. As reflective of the trying times we find ourselves in politically, this was the statement that was delivered by a third different Minister in the last 3 years. As citizens and professionals, we have to express a concern regarding the frequency of changes in such a crucial ministry. Nevertheless, we do commend Minister Malusi Gigaba for his efforts in stabilizing the state of the country’s finances since his appointment.
The last 3 medium term budget statements have naturally reflected a state of public finances that is in steady decline. In...Read more >>
AFRICAN WOMEN CHARTERED ACCOUNTANTS STATEMENT ON REAPPOINTMENT OF FINANCE MINISTER PRAVIN GORDHAN
The African Women Chartered Accountants (AWCA) has played an important role in developing Accounting, Financial, Audit and Leadership skills within South Africa's economy. AWCA joins other SA professional organizations in expressing concern about uncertainty in the markets as well as the deteriorating credit status of the country. Professionals play a vital role in creating and sustaining economic value.
We believe that the view the ratings agencies have of the country is much more than a matter of perception. It has...Read more >>
Balancing gender scales in the accounting world
Balancing gender scales in the accounting world
Good Luck !
Initial Test of Competence
Tribute to Tata Nelson Mandela
Tribute to Tata Nelson Mandela
Stand Up Against Rape
AWCA would like to invite you to Stand Up Against Rape by Wearing Black on Friday, 15 February.
AWCA Women of Substance 2012 Sponsors
Cell C Take a girl child to work day - Cyabonga
In celebration of the 10th anniversary of the Cell C Take a Girl Child to Work Day®, we will be taking the next steps in this initiative through the Girl Child Bursary Fund, by providing bursaries towards a number of qualifying girl learners from disadvantaged backgrounds for their tertiary studies in 2013. We believe that these next steps will establish a lasting legacy where, together with our partners in this campaign, we contribute to the growth in the number of women with qualifications in rare and technical skills.
As a company we believe that women can be more vibrant contributors to the economy and leading job creators for South Africa. By empowering young women to think about the future that they would like for themselves, Cell C believes that this possibility will become a reality.
Cell C also invests in other development initiatives that targets both...Read more >>
AWCA donates laptop to Khulisani Foundation Campaign for Girls
AWCA donated a laptop to Khulisani Foundation’s Campaign for Girls as part of AWCA supporting other NGO’s that are advancing the development of young ladies into future leaders.
AWCA KZN PMB Student Chapter Launch
Ms Thabang Redman spoke to the students about AWCA, what the organisation does and the need to groom young women into future leaders. She gave background information about AWCA initiatives, the 3 tier strategy and how AWCA acts as a conduit of transfer between it’s members at large. Ms Londi Dulaze, the president of the Student Chapter, introduced the society to our members, indicating that in order for that successful existence of this structure we need the support and input of our members. That we are here to serve the students and provide support for the discrepancies which the education system cannot cater for.
In closing off the event we were addressed by Mr Khaya Sithole, who serves as a Tax Lecturer at the University, he is also the head of transformation (Khaya is a 26 year old guy who qualified as a CA when he was 23). He spoke to the students about how he left...Read more >>
Woman of Substance Nomination Form 2012
The AWCA Woman of Substance award stands for high integrity, bold and humble leadership, passion for women advancement and determined community involvement. Previous recipients include the late Minister Stella Sigcau (2005), Ms Gloria Serobe (2006), Ms Wendy Luhabe (2007), Ms Sindi Zilwa (2008), Ms Monhla Hlahla (2009) Ms Nonkululeko Gobodo (2010) and Ms Futhi Mtoba (2011).
Members should be advised that only those members whose membership fees have been paid for the year 2012/13 will be eligible to nominate a...Read more >>
2012 AWCA Bursaries
Nedbank Foundation has proposed to sponsor 2 CTA students under the AWCA bursary. Ernst & Young, one of our key sponsors is also looking to sponsor 2 deserving candidates who are studying towards a Chartered Accountancy qualification. Please submit your documentations as soon as possible and let us utilise this available funds and attain our goal of increasing the number of black female CA’s.
Women chartered accountants raise R218 000 for Thuthuka
"AWCA has been contributing to the Thuthuka Bursary Fund (TBF) since 2006 and we have to date committed ourselves to an aggregate of more than R1 million to support university studies of 10 young women," said Konehali Gugushe, AWCA’s Vice President. "The number we support in this way grows by two students each year."
"It was disheartening to learn of the inadequate funding for the TBF students who will be starting their CTA in 2010. Having learnt of this predicament, we at once mobilised our members and other stakeholders to raise funds for this cause."
AWCA accumulated the funds in question through pledge and commitment sessions undertaken at events sponsored by AWCA, a forum committed to accelerating the advancement of qualified and aspiring African women chartered accountants [CAs(SA)] through the provision of active support and access to opportunities....Read more >>
AWCA Visits Vlakfontein High School
AWCA Visits Vlakfontein High School
About 45% of women CAs want to quit
FEMALE chartered accountants may be in demand in South Africa, but many already in the field say they want out. A study conducted by research company Landelahni Business Leaders found that a number of women chartered accountants felt the industry had not transformed and was still dominated by chauvinist males.
Landelahni CEO Sandra Burmeister said the survey looked at attitudes, perceptions, compensation and overall satisfaction of South African women in the financial services industry. She said the study found that female accountants across races felt they had to work harder than their male counterparts to gain equal recognition. “What we saw was a trend in recruitment [of women] entering the financial services sector and leaving it again,” said Burmeister. “We wanted to get the sense of what are the reasons behind people leaving.
A lot of women were say...Read more >>
Call to groom more black women-NEF CEO tells all
Ther’s is still a dire need for more black women to hold key positions in business.National Empowerment Fund Chief Executive Philisiwe Buthelezi says there’s still hope that the country is well positioned to grow more black women of substance in the business sector.
She spoke to Sowetan just a day after she received the award as Businesswoman of the Year,which was presented by the Business Women’s Association of South Africa in partnership with Nedbank.
Buthelezi is chair-person of construction company, Group Five and seats on the boards of Mvelaphanda Resources and Sanlam.She is the former head of the black economic empowerment unit in The Department on Trade and Industry and played a role in developing the government’s Broad Based Black Economic Empowerment Strategy.She said it was important that women also participated in the manifestation of po...Read more >>
President Ambassador Program
In 2011 three AWCA Members were honoured with this prestigious award.
Ms Zama Khanyile for participating in our Schools Initiatives, being in our Bursary Subcommittee, professional development subcommittee and recruiting members into AWCA. Ms Lynn Poswa for attending AWCA functions,recruiting members into AWCA and assiting at functions with raffle sales and write ups. Ms Ntombifuthi Makaye for Mentoring AWCA Bursary students in KZN, participating in school visits and supporting weCAre in auctions.
The ladies walked away withb fabulous prizes ranging from Spa treatments to luxurious stays at the gorgeous Moloko Strathavon Hotel.
Members are urged to join our Subcomittees...Read more >>
Board of Directors
We are pleased to inform you that since our last news letter when we had announced vacancies of two board members, we hae since appointed Miss Pumla Molope, who is an Investment Analyst at Absa Asset management, prior to joining Absa Ms Molope was a Treasury Accountant at RMB. Ms Mamosa Dlothi has been chosen as the Western Cape Representative, Mamosa is the Senior Financial Accountant at Old Mutual, she completed her articles with Deloitte & Touche. Ms Boniswa Madikizela has resigned on the board of AWCA, we would lik to thank her for her valuable contributio to our organisation. You will be greatly missed Boni.
Vision 2015 Update
As part of implementing our strategy for appointment into executive and non executive positions of JSE listed Companies as well as State Owned Entities by 2015, we would like to congratulate the following AWCA members for appointment into their respective roles :
- Ms Yolanda Cuba on the appointment as an executive director as SAB Miller - Ms Melanie Elephant on Thuthuka Upliftment Fund - Ms Bridget Modise on Sun International Board of Directors - Ms Lesego Sennelo on the Companies Bill Advisory - Ms Priscillah Mabelane as an executive director of BP South Africa, CFO
Congratulations on your new roles, and AWCA will continue to support you as we work towards our Vision and Nungu Resolutions.
Lucky breaks saved Lesego Sennelo from having to sing for her supper
Meet Lesego Sennelo, the singing accountant. She is one of only 259 South African black women who are qualified chartered accountants. There are 25528 chartered accountants in SA.
More than 22550 are white and white women make up 4889 of that number. Whichever way you look at it, Sennelo, who turned 29 last week, is a rare commodity. But the system did not spot her. She made the system work in her favour.
Sennelo, who meets me at JB Rivers in Melrose Arch, Johannesburg, says her first passion was music and singing. Her mom was a Sunday-school teacher and Sennelo still sings in the church choir in Vosloorus every Sunday. But she realised that singing was not going to be financially viable.
“I didn’t want to die a pauper and I wanted my children to have opportunities,” she says.
An alternative career choice presented itself when she was luck...Read more >>
Deloitte chairman named AWCA 2011 Woman of Substance
Futhi Mtoba, chairman of Deloitte Southern Africa, has been named the African Women Chartered Accountants (AWCA) 2011 Woman of Substance.
Mtoba was presented with this prestigious award at an AWCA banquet, held at the Sandton Convention Centre, late last week, for her role in uplifting the role of African women in the profession. The annual award, launched in 2005, is a flagship event for AWCA and seeks to recognise and honour women with exceptional achievements in the accounting, audit and financial professions and contribution to the society at large.
Says Mtoba: “It is such an honour to be recognised and celebrated by my fellow peers, who understand the challenges and great joys that come with being African women in this profession and in corporate South Africa. I do recognise the responsibility that comes with such an honour, for all we know that to whom much...Read more >>