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There are many reasons to join SAIBA. When you become a member, you become a part a community of finance professionals transforming the African continent. As a SAIBA member you are rewarded for your commitment to professionalism.

Salary

Starting salaries for professionals with a degree and a professional body designation can be 5 to 15 percent more than the market average.

Employability

Employers value the process of awarding a designation as it shows commitment, knowledge and experience.

Professional Image

Earning a designation enhances your professional image and reputation.

Membership

SAIBA Member

Designations

  • SAQA registered,
  • Statutory recognition as Accounting Officer,
  • Commissioner of Oaths,
  • Independent reviewer,
  • Business Rescue Practitioner,
  • Recognition as Accountant in Practice and Business Advisor.
  • SAQA registered,
  • Industry recognized designation for junior accountants and consultants.
  • SAQA registered,
  • Industry recognized designation for specialized financial managers.
  • SAQA registered,
  • Industry recognized designation for specialized finance executives and CFOs.

International Recognition

IAFEI is the global society for finance executives and represents more than 21000 CFOs, FD, FMs in more than 21 countries. SAIBA is a member of IAFEI and SAIBA CBA(SA) and CFO(SA) members gain access to a network of global finance executives

IAFEI is a member of the Consultative Advisory Group of the International Federation of Accountants. SAIBA has adopted the IFAC Code of Conduct and Engagement Standards and complies with SMO 1 – 7 as issued by IFAC.

CIMA is the global body for management accountants and provides exemption for SAIBA designations including the CFO Programme.

Local Recognition

In the Government Gazette R421 dated 30 May 2014, it was approved that the SAIBA members with the designation BAP(SA) are ex officio (by reason of the designation they hold) Commissioners of Oaths in terms of the Act.

SAIBA members that have obtained the designation Business Accountant in Practice (BAP(SA)) are recognised as accounting officers in terms of section 60 of the Close Corporations Act, 1984.

In terms of Section 30(7) of the Companies Act, 2008 SAIBA members with the designation BAP(SA) that have completed the SAIBA Independent review assessment may perform independent reviews for companies with a PI Score of less than 100 points.

SAIBA is an accredited professional body for business rescue practitioner status in terms of Section 138(1) of the Companies Act 2008. SAIBA members that have obtained the designation Business Accountant in Practice (BAP) may apply to become a Business Rescue Practitioner.

SAIBA members that have obtained the designation Business Accountant in Practice (BAP(SA)) may issue a certificate or a factual finding report for persons applying for a Business Visa.

Representation / Committees

SAIBA is a member of the CIPC Liaison Committee representing the interest of the accounting sector with the Companies Commission.

SAIBA is a member of the Financial Reporting Standards Technical Committee. The FRSC is a created in terms of Section 204 of the Companies Act, 2008 to advise the Minister of Trade and Industry on the adoption of Financial Reporting Standards.

The Companies Commission established a Business Rescue Liaison Committee to represent the interest of the Business Rescue profession.

Professional Body Recognition

SAIBA signed a mutual recognition agreement with the South African Institute of Tax Professionals. SAIBA members that have been awarded a SAIBA designation receive 50% discount of SAIT membership.

SAIBA signed a mutual recognition agreement with the Chartered Institute of Management Accountants. SAIBA members that have been awarded a SAIBA designation exemption for CIMA levels 1, 2 and 3.

SAIBA signed a mutual recognition agreement with the Institute of Certified Bookkeepers. ICB members that have obtained an NQF 6 (old) qualification may apply for SAIBA BAP(SA) status.

University Accreditation

UNISA SBL

The MBL programme of the UNISA School for Business Leadership have been accredited by SAIBA for the attainment of the CFO(SA) designation.

Support

Provides up-to-date information on industry news.

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The annual journal of SAIBA

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Satisfy your CPD requirements with a broad catalogue of courses for every stage of your career.

SAIBA offers quality technical support to its members and their Accounting Practices. Grow your practice with the help of our top-quality technical support.

AMAX SA is a registered IRBA verification agent. SAIBA and AMAX SA has signed an agreement that allows SAIBA members to outsource their BBBEE verification services to AMAX SA. The client remains that of the SAIBA members but the service is performed by AMAX SA.

SAIBA and AMAX SA has signed an agreement that provides access to BAP(SA) access to mentorship support from AMAX SA.

Risk Mitigation

Professional Indemnity cover

SAIBA members that have been awarded a designation qualify for professional indemnity cover at lowest industry rates.

Discounts

Draftworx

SAIBA members qualify for up to 25% discount on Draftworx products. Draftworx automates the preparation of working papers and financial statements in terms of IFRS, IFRS for SME and Cash bases of accounting.

Become a SAIBA Member

Join us and become part of an exclusive accounting community.

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