The Mission of the Association for the Advancement of Black Accountants of Southern Africa is to embark on programmes and activities that redress inequalities and create access and opportunities for black South Africans in the accounting profession.
ABASA does not exist to duplicate the efforts and achievements of other professional associates and organisations. It provides a solid base for the disseminations of information, for the understanding, interpreting and eventual solving of the unique problems faced by black South Africans in the word of Accounting.
ABASA is a professional Association that unites accountants and aspiring accountants to promote and facilitate the identification and creation of opportunities that provide advancement for blacks in the accounting profession. It supports the continuing developments of a culture of professional excellence, accountability, and responsibility within its members and the communities they serve.
There are currently 33157 Chartered Accountants (CA) in South Africa and only 6239 of them are Africans, Coloureds, and Indians. Since its establishment, ABASA has made significant progress in advancing black accountants which has resulted in a strong cohort of business and industry leaders.
Current vision clarified:
ABASA exists to develop black (i.e. ACI: Africans, Coloured and Indian) professional accountants and aspiring accountants in order for them to meaningfully lead and participate in the economy and thereby advance the growth and development objectives of the African continent.
The following is the clear mandate of the organization:
- It exists for all black professional accountants and aspiring accountants and not only Chartered Accountants
- It exists to contribute towards addressing the challenges that limit access to the Accounting profession for black students at school and University level
- It exists to contribute towards addressing challenges faced by professional accountants and aspiring accountants in the profession/workplace
- It exists to ensure that beyond access, black professional accountants are capacitated to meaningfully participate in the economy and ultimately drive economic growth and socio-economic development in Southern Africa and for the continent at large.
- To facilitate and encourage the entry of Blacks into the accounting profession
- To identify and work for the removal of the conditions which are detrimental to the professional wellbeing of black accountants
- To create awareness of the work, objectives and ideals of the Association and the accounting profession in the black community
The Association’s founding President was Jeff van Rooyen (Chief Executive of Uranus Investment Holdings and formerly Chief Executive of the Financial Services Board). Other past Presidents of the organisation include Sizwe Nxasana (CEO: First Rand Banking Group), Futhi Mtoba (Former Executive Chairman: Deloitte Southern Africa), Sathie Gounden (Former CEO: Gobodo Incorporated) and Moses Kgosana (Former Chairman & CEO: KPMG Africa), Tsakani Ratsela (Deputy Auditor General) and Andile Khumalo (CIO MSG Afrika and PowerFM).
Abasa strives to:
- Be a credible representative of Black accountants, so it can use their collective strength and abilities to empower its members to achieve meaningful leadership roles in their companies and industries, and drive the transformation of economies and the growth and development of the continent
- Ensure its members adhere to the highest professional and ethical standards, strengthen the accounting profession, and to promote good financial management and governance in the public service and private companies
- Promote accountancy as a career among students and young people, as well as to provide academic and practical support to aspiring accountants, so that the profession becomes representative of the demographics of the countries of the region
To achieve its vision, Abasa will:
- Offer relevant services and programmes to Black accountants to help them fulfill their ambitions and earn their support for the organization, which must be well managed and financially sustainable
- Establish and maintain strong working relationships with key stakeholders in the accounting profession, and proactively engage with government and professional authorities, to advocate for the interests of Black accountants and the profession as a whole; and
- Work with secondary and tertiary educational institutions, as well as trainees and accountancy qualification authorities, to ensure a high success rate among Black accountancy students.
Strengthening the organization by supporting and servicing its members by:
- Addressing the transformation challenges in the workplace and wider profession, through active participation in the development of Black economic empowerment legislation
- Equipping and empowering Black managers – and women – to exercise leadership in the profession, companies and national social and economic development initiatives
- Providing Black accountants with sound, practical personal financial and wealth creation advice
Building partnerships by:……………………………………………………………………………………………………………………………………………………………………………………………………..
- Implementing an effective communication strategy
- Identifying key stakeholders and implementing an effective engagement strategy
- Identifying key partners to help successfully implement programmes and initiatives, and enter into formal agreements with them
- Promote Abasa and its brand as a credible representative of Black accountants in Southern Africa
Increasing the number of Black accountants by providing support throughout their education and qualification by:
- Support initiatives aimed improving the quality of Black matric results to increase the number of students able to enroll for accountancy
- Support initiatives aimed at removing barriers to access to university and support Black students so that they successfully complete their accounting studies in record time
- Provide academic and practical support to trainees completing their university studies, Certificate in the Theory of Accounting or Qualifying Exams.