MrsB
7.6K posts


Hence Nampak is shrinking instead of growing
MrsB@Tremzable
@SizweLo @Vhoyde I saw this reviewing Nampak' Financial report. The CEOs and the board were either Bankers or CA (SA)
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Serious industrial nations don’t take accountants as seriously as South Africa does.
In industrialising nations, like Vietnam and surrounding states, for instance, the most prestigious roles are found in engineering or industrial management because the economy is physically building things.
Meanwhile, in South Africa, SAICA’s CA(SA) is viewed as the ultimate golden ticket.
But it’s not only in developing/industrialising nations where accountants take a back seat. In the US, Germany and Japan, CEOs are generally product people or engineers, while in South Africa, a massive percentage of JSE-listed CEOs are chartered accountants.
The reason for this is that the South African economy has been deindustrialising for decades, so the existing companies don’t grow by inventing new things or expanding production. They “grow” through the financial engineering of mergers, acquisitions, cost-cutting, and “tax optimisation”.
The consequence of this is that if you compare SA to an employment-dense industrialiser like Vietnam, you find that the latter focuses on vocational excellence. Over there, an accountant is just a back-office functionary who supports the factory. The hero is the plant manager who meets a production quota.
But South Africa, to its detriment, is obsessed with compliance excellence. The factory, if it even exists, is a “risk” to be managed, and the chartered accountant is the high-priest who tells the board if that risk is acceptable.
By taking accountants this seriously, South Africa has perfected the art of measuring value, but has neglected the art of creating real tangible value.
The worship and adoration of the CA(SA) is a symptom of a services-led economy that has skipped the labour-intensive industrialisation phase, and this is primarily why the unemployment epidemic cannot be resolved.
djsbu@djsbu
The first Black Chartered Accountant at the University of Fort Hare, Professor Wiseman Nkuhlu, inspired many students, including the speaker, to enter the profession. His presence broke barriers and opened doors for future CAs. Dr Sizwe Nxasana with @lavidanota
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@ChickenLickenSA @Lord_Ori_ Rubber bands, where get them from, Motherland eMzansi
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@SizweLo A disastrous economy… led by financial services instead of manufacturing and innovation. Who’s money are they supposed to count?

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I would be an illegal South African
Keletso Mashile 🇿🇦||🇳🇱@keletso_mashile
If you were not born a South African, which nation would you settle for?
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Taxi boss’ chef willing to tell Madlanga Commission about Malema’s ‘midnight visits’ news24.com/southafrica/cr…
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@TimesLIVE Lol based off a tweet where someone sais Prof reminds them of Phakeng
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Former University of Cape Town (UCT) vice-chancellor Dr Mamokgethi Phakeng has distanced herself from the controversial legal battle between retired professor Anele Mngadi Hammond and Standard Bank.
timeslive.co.za/news/south-afr…

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Céline Dion announces her Paris concert dates at an event at the Eiffel Tower.
variety.com/2026/music/glo…
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