Student dropouts worry accountants

2008-08-20 00:00

Although pass rates among budding black chartered accountants at tertiary level have improved in recent years, the Association for the Advancement of Black Accountants in Southern Africa (Abasa) has expressed deep concern over the consistently high dropout rate at student and training levels.

Announcing its 23rd annual conference that will take place in Durban in October, Abasa president Victor Sekese told The Witness yesterday that the question of “throughput” needs to be addressed.

Naeem Asvat, treasurer of Abasa KZN, added that the demand for South African chartered accountants (CAs) remains phenomenal as an estimated 5 000 to 6 000 South African CAs currently work abroad.

“We see lots and lots of work and not enough people to do the work…”

Asvat said student numbers are, however, on the rise in KZN.

Sipho Phakathi, chairman of Abasa KZN, noted that pass rates have improved from about 34% to 53% in recent years.

The theme of the conference is “Solutions for Today, Strategies for tomorrow”. It will bring together high-profile stakeholders from across the region.

Abasa was established 23 years ago and boasts 1 500 members.

A total of 19 students, including seven from KZN, are benefiting from Abasa’s bursary 2008 scheme.

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