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August 27, 2010
Transforming by numbers
Professor Wiseman Nkuhlu, co-founder and chairman of investment company Pan-African Capital Holdings, became the first black South African to qualify as a chartered accountant (CA) in 1976.
Thirty-four years later the industry is still struggling to agree on how best to transform the profession. Small black accounting firms are still at loggerheads with their white counterparts over ownership equity targets, more than six years since discussions on empowerment in the industry began. The adoption of the profession's broad-based black economic empowerment (BBBEE) charter was put on hold last year.
Posted by StaffWriter at August 27, 2010 10:08 AM