South Africa, Johannesburg – 43% of the country’s latest aspiring chartered accountants have passed the SA Institute of Chartered Accountants (Saica) examination which is a very low percentage.
According to report, just 24% of the 1792 black candidates passed Saica’s Assessment of Professional Competence (APC) exam written in December.
The pass rates among all other races were not something to write home about either. The 1315 white candidates achieved a 64% pass rate, 53% of the 535 Indian candidates passed and 45% of 238 coloured potential chartered accountants passed.
The number of black chartered accountants has remained low in the country, prompting Saica and the government to go on a transformation drive in recent years.
The results released on Friday signify a constant decline over the past five years.