Home Community Saiba secures Fasset grant to train 75 accountants

Saiba secures Fasset grant to train 75 accountants

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Saiba has secured a grant from Fasset (Financial & Accounting Services Education and Training Authority) for the training of 75 accountants.

Trainee accountants graduating from the Saiba work readiness programme. More than 90% have been placed in employment.

The training will be delivered on behalf of Saiba by SA Accounting Academy (SAAA).

Tania Lee, Saiba’s lead consultant in charge of the project, says this is not the first Fasset-funded project in which Saiba has been involved. Saiba put 50 graduates through their paces in 2019/20 and more than 90% of them qualified with the BA(SA) designation offered by Saiba, and were placed in employment.

A similar call went out earlier this year for the training of 25 learners to become tax specialists.

“Our training programmes are recognised for their excellence and quality of graduates being added to the accounting profession in this country. We have become a vital conduit for the creation of future generations of accountants and we are delighted to welcome the next intake of learners,” says Tania.

The first part of the 12-month programme focuses on work-readiness. The second half focuses on practical experience, preferably with Saiba member or non-Saiba member employers who want to participate in the programme.

Says Tania: “Earlier this year we put out a call for the training of graduates on behalf of the Tax Faculty. On that occasion we had space for 25 graduates, and we were heavily over-subscribed for those positions. This was a one year programme at the end of which the learners have the choice a choice of applying for the BA(SA) designation from Saiba, or continuing on for a second year (funding permitting) of training, at which point they will become tax practitioners or will be eligible to apply for the BAP(SA) designation offered by Saiba.”

Most of the 75 positions available have already been filled – such as been the demand. To qualify for the programme:

  • Applicants must be natural South African citizens.
  • Applicants must either be African Black or Coloured learners from the Western and Northern Cape, or disabled learners.
  • Applicants must be unemployed, i.e. currently not employed in a full-time permanent position (internships and learnerships are usually not considered as full-time employment). Struggling self-employed individuals will be considered.
  • Applicants must have at least an NQF 7 (Higher Certificate) or equivalent in the field of tax.

Tania says those who are keen to participate in future Saiba training programmes should keep checking in with Accounting Weekly or Saiba. “Fasset has opened up another funding window, so we would expect to have some news fairly soon about new positions for training programmes.”

Tania says Saiba members should register as either levy or non-levy paying employers with Fasset and enjoy Seta benefits (Discretionary Grants) and other incentives such as attending free training events, and the ability to participate in Fasset grant projects. Click here to download the registration form.