This is why I chose ACCA – Reneilwe Ntshwarang

acca_linkedinblogimageOne of the main reasons why I chose ACCA was because of the flexibility of the qualification. The ACCA qualification will increase my career progression opportunities and not limit me to one line of work. I now have the opportunity to branch into any industry or field within the world of finance.


ACCA’s global recognition will open up international opportunities and give employers the confidence that they can place me in a broad range of demanding situations with certainty that I will undertake my duties professionally, effectively and competently.


What kept me motivated throughout my journey?


Attitude determines your altitude. I’ve always lived by; “if you have the right attitude, you are half way there”! The rest you can learn. What has kept me driven is my attitude and hunger to learn and grow and is definitely what takes me through the long study hours. I set a goal and I put my all to in ensure I achieve it. It’s a lot of hard work and sacrifice but it is worth it in the end.


Editor’s note: We would like to thank Reneilwe on her top achievement. Reneilwe will soon join many ACCA Members achieving global greatness.

Who is Hanyana Eric Mkhawane?

Mkhawane is Cmkhawane-photo-imagehief Executive Officer of the Tax Ombudsman and carries over 2 years of experience in the post. A Law Graduate from the University of Witwatersrand, Mkhawane has explicit experience in the handling of tax, tax auditing and tax disputes.

Mkhawane will be presenting at the ACCA hosted “a guide for Business Success for Entrepreneurs” event. Mkhawane participation in the event will focus on the understanding of tax and the benefits this will hold for your business.

RSVP your space at the event by e-mailing The event will be hosted on Wednesday 19th October 2016 at the Radisson Blu, JSE Room 2.

Click here to view the event programme.



After the stock market crash of the 1940’s, businesses had to change to survive, and they did. Roaring through the 50’s business adapted, and so did the CFO. Business today has to evolve too in order to navigate through tough financial territory. In the aftershock of the 2008 global meltdown, it seems the local economy is struggling to find solace in a playing field marred by one downturn after the other. In an essence, it is a market filled with bears and few bulls.

The role of an accountant is changing too, moving out from behind office partitioning, to playing center field. The reality is that in order for companies to remain competitive, the every adaptive CFO has to step in and be the driver of change.

By hosting the “Future Accountants – Employer event” on the 14th September, ACCA aimed to drive this message of change amongst human resource professionals and shift focus on employment practices. The main message: HR specialists need to think ahead, and ensure that future CFO’s joining their companies are equipped for the progressively fastening rate of financial change.

Through a host of panel experts, the event unpacked ACCA’s recent report titled “Professional Accountants – the future”. The report, created through global collaboration, unpacks tell-tale signs of the future of accountancy and how HR could benefit from employing the “right type of accountant”.


What will the right type of accountant be? Through the advent of the digital age, accountancy practice will be integrated into every aspect of the companies DNA and the accountant would be required to be equally available to dissect, analyse and drive decisions based on the information at hand. If the 24-hour drive-through revolutionised the takeaway industry in the 1980’s then the 24-hour accountant will do the same for the 2020’s.

In many countries, HR employment practices are already changing. Companies are realising the importance of hiring the future CFO opposed to the today’s accountant.


Tax, audit assurance, corporate reporting, strategic planning for better governance risk, financial management, and ethics were earmarked as the main drivers of change. Identified in the report, these drivers of change carry significant impact in employment practices in South African and abroad. Financial and business planning is becoming a global affair. Even if a company is solely based in South Africa, global effects can be far reaching.

Consider this as a well-established movement by ACCA, aimed to merge good corporate governance with credible employment processes, decreasing possible risk faced by employment practices” – Trudy Naidoo, Associate Director, Assurance, EY Inc. Africa

ACCA believes that now is the time to introduce companies to the benefits of employing globally relevant, integrated CFO’s. Through ongoing training initiatives and a strong focus on good governance, it is essential for CFO’s to evolve into digital aware, collaborative leaders. The future of business depends on it.

For further information on the ACCA Report “Professional Accountants – the future” please visit

Image of two young businessmen interacting at meeting in office


Every finance leader knows predicting the future of finance is not an exact science. What is certain though is the speed of change and how this change is altering expectations on what the future CFO may look like. There is an incredible value, as a CFO, in understanding what the finance sector may look like, but the greater value is in knowing what future skills to garner.

This type of insight will further help re-shape educational institutes and curriculums ensuring today’s students can be tomorrow’s leaders. The Association of Chartered Certified Accountants (ACCA), recently released a future gazing in-depth report on the future of finance titled; Professional Accountants – the future. This report synthesises the results of this qualitative and quantitative global and national research. The report deals with two main elements; firstly the drivers of change that will have the most impact, and secondly the future skills required of professional accountants to respond to those changes. Outlining these possible future outcomes, pitfalls, skills requirements ensures that as a world leading association, ACCA is driving educational changes in order to build a better finance sector.


One of the platforms ACCA has chosen to drive change is through education empowerment. This alignment with some of the top education institutes in Africa will ensure success for future finance leaders. Such an alignment is the CFO Case Study Competition – an international, annual multi-round business management competition, hosted by Charter Quest. It challenges young people who aspire to be top CFOs and/or Global Business Leaders to demonstrate their potential by competing to solve a set of real-life complex finance, managerial and strategic problems that beset a “hypothetical” African company. As an endorser of this event, ACCA is passionate about ensuring its future members are well armed with educational and experience tools to navigate successfully through their journey as future leaders.

ACCA seeks to bring added value to the evolving finance role in a number of ways, namely, through engagement with employers and aligning our qualification to complement strategic business acumen. “ Patience Semenya, Head: ACCA South Africa

The CFO Case Study Competition is currently in its second round – the public voting stage – where the public has the opportunity to vote for the best videos submitted by the top 6 teams.

The semi-finals and finals will be held on the 13th and 14th of October respectively. The team finalists will be asset by the following criteria’s:

  • Finance & Technical
  • Diversity & Business
  • Ethics & People
  • Presentation, Question & Answers
  • Decisiveness & Leadership
  • Innovation & Integration

To view more details on the competition visit:



ACCA collaborates with BPP Professional Education on support and training for ACCA tutors

An exclusive online programme for tutors who teach and support ACCA (the Association of Chartered Certified Accountants) students goes live today. Developed by ACCA, in collaboration with BPP Professional Education, and using BPP’s online classroom learning environment, this free of charge ACCA Tutor Excellence programme supports tutors so they can help their students’ progress through the ACCA qualification.

The programme is accessed through ACCA’s online Education Hub – a secure area that provides ACCA tutors with tools to help them offer the rigorous and high quality tuition demanded by the ACCA Qualification.

Approximately half of our students study for their ACCA exams with an education provider. This programme gives ACCA tutors around the world – whatever their level of experience in teaching ACCA – access to great tutor training which will help them support their students to become ACCA members.” – Alison McHugh, director of education at ACCA

ACCA already offers face-to-face Train the Trainer events across its markets, but this ground breaking programme means ACCA can reach every tutor, wherever they are, and help them to improve their teaching skills.The programme features more than 20 learning units and three e-assessment checkpoints, covering:

  • Guidance through the learning, revision and final preparation phases
  • The role of the tutor support resources provided by ACCA
  • The differences between academic and professional qualification teaching
  • Learning methodologies, presentation skills and creating a dynamic classroom environment
  • Teaching for computer based exams (including the new F5–F9 CBE)
  • Exam skills, exam focus and question debriefing
  • Supporting students with exemptions, choosing between option exams and their PER

The programme has been developed for ACCA tutors who are new to teaching ACCA and looking to get started, as well as those more experienced ACCA tutors looking to improve their delivery or find new approaches.

Alison McHugh concludes: ‘This is a timely and valuable resource that’s aimed at ACCA tutors working in a professional or an academic environment. It’s innovative approach gives ACCA tutors around the world access to a consistent programme of learning so they can develop their skills, while making sure the students who study with them can reach their ambition to become an ACCA professionally qualified accountant.’


Are you ready for the Finance Indaba 2016?

The Finance IndabaAfrica is the biggest annual expo and conference for finance professionals.It brings together peers, technology suppliers, platforms, banks, tools, specialists, CFOs and thought leaders. For more information about the program and exhibition please visit the Finance Indaba Africa website.

Get inspired by top speakers as well as CFO Award winners and leading experts, like
Vusi ThembakwayoProf Mervyn KingMartijn Aslander, Aarti Takoordeen (JSE Limite),
Bikash Prasad (Olam International), Steven Cohen (Sage One), Dumisani Dlamini (National Arts Council)  and more.

By joining the Finance Indaba Africa you can take advantage of:

  1. a 2-day expo and conference dedicated to finance professionals
  2. 90 workshops, presentations and expert sessions
  3. insight into the latest tools, solutions, and services that contribute to your success
  4. meetings with top recruiters and opportunities to find your dream job
  5. insight, knowledge, and know-how from South Africa’s top CFOs
  6. an overview of Africa’s top 100 most innovative FinTech companies
  7. pitches and updates on the latest technology, services, and products for finance
  8. meet and greet the winners of the South African CFO Awards

We look forward to welcoming you at the Finance Indaba Africa. For more information on the Indaba, please contact Shay Van Huyssteen via e-mail:



ACCA (the Association of Chartered Certified Accountants) addresses the financial literacy skills gap in South Africa with a new guide for anyone starting their own business, new to financial management or simply seeking to improve their knowledge.

Whatever the force that drives South African entrepreneurs to get their ideas off the ground, the fact remains that there are many obstacles that they will have to overcome. Financial management is at the heart of running a successful business and remains a major challenge for many business owners. According to Fin24, 63% of businesses operating for less than 3 years fail in South Africa. In many instances, entrepreneurs are not equipped with the skills and knowledge needed to make informed and effective decisions about their financial business model.

ACCA have addressed the issue through a brand new guide, ‘Financial management and business success – a guide for entrepreneurs’, designed to help small businesses understand the importance of financial literacy and guide them through the basic elements. Understanding financial information is vital for offsetting this risk as it reveals the early warning signs of impending problems.

Building an entrepreneurship culture in South African is vital in the fight against unemployment; this guide is a game changer and can be used to support entrepreneurs to become financial savvy business owners.” Nomsa Nkomo, Policy Manager, ACCA South Africa

The guide stresses the importance of business planning at every stage of business life, helping to assess and identify opportunities directly, and avoid mistakes through applying correct financial knowledge.

Featuring quotes, case studies and statistics that support skilled financial management, the ACCA guide demonstrates how to make certain individuals have the financial capabilities needed to ensure their organisation achieves its full potential.

Rosana Mirkovic, ACCA’s Head of SME Policy said, “Having the right financial capabilities remains vital throughout the life of a business, whether you are just starting out, have an established business or are looking towards a final exit from a firm. Businesses are changing and innovating more rapidly than ever and the financial management needs of organisations must continue to evolve alongside their developments. Recognising the right financial management capabilities is, therefore, imperative to their success.

To view the full report, please visit here.