Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersChartered Accountancy CharterSection D : Challenges17. Present and Future Activities17.6 Socio-Economic Development |
The changing nature of the economic landscape in our country is resulting in a review of our values and social responsibility. It is the view of SAICA that it can play a leading role in the development of socio-economic development in South Africa. This is also in line with SAICA's mission is to run and facilitate programmes to transform the profession, and to facilitate community upliftment.
In early 2005, SAICA developed a socio-economic development strategy that was approved by the SAICA Board. Three flagship projects were selected: The Hope Factory, the Black Entrepreneurship Programme and the Member Giving Programme.
PROGRAMMES |
MEASURE |
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The Hope Factory |
Number of people trained and jobs created |
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The training division, which is a three-month integrated programme teaching business, technical and life skills, as follows:
Throughout the process The Hope Factory provides mentorship, evaluations, advice and support. It also offers networking opportunities, contacts with other training centres and employment opportunities. During the course, learners meet with a mentor on a monthly basis to discuss their future options. Mentors then follow up with each learner for a two-year period after they have graduated from the course. On completion graduates either start their own small business, seek formal sector employment, study further or join the job creation project.
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The black entrepreneurship programme The aim of the project is to partner with black entrepreneurs and their businesses to assist with providing training, consulting and mentoring. |
Number of black entrepreneurs assisted (this is done with the assistance of the teaching profession |
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The Member Giving Programme Via this project members and firms receive the opportunity to participate in socio-economic development, by contributing to the Thuthuka Bursary fund. This is done firstly by setting up an online giving website and secondly by marketing and communicating the function of the website to members and firms. |
Number of bursaries provided |
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Building financial capacity In the public sector SAICA will oversee projects to assist the public sector in building financial capacity where needed. The first project identified is 15 municipalities in the Gauteng area. This will be a private I public sector partnership, with the 'private sector' consisting of the CA sector. |
Improvement within the public sector |