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Excerpted from the South Africa Career Guide

South Africa’s current financial system debuted in 1994. Modern capital market reforms were introduced in 1995 with the Stock Exchange Control Act, which changed the way stocks were traded and allowed foreign investors into the market. The WEF (World Economic Forum) ranks South Africa fourth (of 142 countries) for its financial market development, third for availability of financial services, second for the soundness of its banks and first for the regulation of its securities and exchanges.

South Africa has a sophisticated financial structure with a large and active stock exchange that ranks 14th in the world in terms of total market capitalization. The South African Reserve Bank (SARB) performs all central banking functions. It is independent and operates in much the same way as Western central banks. Its primary purpose is to achieve and maintain price stability. Together with other institutions, it also plays a pivotal role in ensuring financial stability.

Areas of Job Promise

Accounting and Finance

Core finance professionals: Demand continues for finance managers, financial accountants and management accountants. And, finding finance professionals with the right skills can be an issue in South Africa, especially for smaller companies.

Banking and Financial Services

The employment market in banking and financial services has been challenging and is likely to remain so, at least for the short term. Hiring has been subdued, and largely focused on business-critical middle office recruiting. However, larger retail banks have been hiring.

Organizations and Trade Associations

Banking Association South Africa
The Banking Association South Africa is the representative voice of banking in South Africa. Its members include foreign, retail, merchant, investment and commercial banks. Its role is to establish and maintain the best possible platform on which banks can do responsible, competitive and profitable banking. Comments and submissions on regulatory changes, legislation, consumer concerns and policy documents, as well as research and study into best international practice are core strategic activities.

Banking Association South Africa 
Physical location:
3rd Floor Building D, Sunnyside Office Park
32 Princess of Wales Terrace, Parktown
Mailing address:
Post Office Box 61674 Marshalltown 2107, Gauteng
Tel: +27 11 645 6700
Fax: +27 11 645 6800
Email: webmaster@banking.org.za


Accountancy SA
Accountancy SA is South Africa’s leading accountancy journal and is published by the South African Institute of Chartered Accountants (SAICA). It acts as SAICA’s primary communication vehicle to its members: chartered accountants, associate accounting technicians and associate general accountants, as well as all trainees registered for a three-year training contract. The ASA serves to provide broad accounting, auditing and taxation information as well as business trends.

The South African Institute of Chartered Accountants 
7 Zulberg Close 
Bruma Lake, 2198 
Tel: +27 11 621 6600
Email: journal@saica.co.za

This is just a short sample of what you’ll find in over 100 pages of information in the complete South Africa Guide.

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