Celebrating Women Leading The Charge In South Africa

Women have become architects of change, shattering glass ceilings and paving the way for a future where talent, not background, determines success.

From Pioneering Paths to Leading the Way: A Legacy of Women in Accounting

The story of South Africa’s accounting profession is intricately linked to the journey of remarkable women who dared to defy expectations. The South African Institute of Accountants (SAICA) has many incredible members who make a substantial, sustainable difference in their communities and in the economy, and some of them should be mentioned by name.

Nonkululeko Gobodo CA(SA) stands tall as a true trailblazer. In the 1980s, amidst a backdrop of racial and gender prejudice, she unknowingly became the first Black woman to qualify as a Chartered Accountant [CA(SA)]. Her achievement, a testament to her unwavering determination, inspired a generation of women to pursue this path.

Building on this legacy, Patricia Stock CA(SA) recently made history as the first Black female CEO of the South African Institute of Chartered Accountants (SAICA). Her appointment signifies a pivotal moment for SAICA, reflecting its unwavering commitment to diversity and inclusion. Stock’s leadership expertise and vision position the institute for continued growth and transformation, not just nationally, but globally.

Ruwayda Redfearn also made strides when she was appointed to the Deloitte Africa Board in 2016, and in 2022 when she became the first female CEO of Deloitte Africa. Emotional intelligence, values-based leadership and a zero-tolerance approach when it comes to ethics are just some of the qualities that Ruwayda brings to the industry. ‘I want to make a significant contribution to society, so being purpose-led is important to me. I believe that Africa’s time is now and, if we can bring the collective intellectual property of our 7 000+ people in Africa, 415 000 globally, to solve some of the challenges on the continent, that would be a legacy I could be extremely proud of.’

Shirley Machaba became the first woman to be appointed CEO of PWC Southern Africa, and in an interview with SAICA’s member magazine, she mentioned that she wants her legacy to be one of having nurtured and developed a cohort of young up-and-coming leaders for the future. She describes herself as a democratic leader, keen to hear the thoughts and ideas of others, but not afraid to take the ultimate accountability and make difficult decisions.

Buhle Hanise is the current President of African Women Chartered Accountants, a non-profit organisation founded in 2002 on the premise of mutual support and personal development of African female chartered accountants. Buhle is 100% dedicated to helping other women achieve their dreams too. For Buhle, making a difference in other people’s lives has always come naturally. ‘I always want to make an impact in some way or the other and the work that I do for the AWCA is, honestly, a labour of love. Giving back, to me, says to others that you are not alone in this world and, as such, make your mark in some way or the other.’ One of the things she enjoys most is meeting face-to-face the young girls the AWCA is assisting. ‘It’s nice when you see their faces and you know you have made an impact on their lives. It makes me feel that the sacrifices I’m making are worth it and matter.’

These women represent just a fraction of the success stories that highlight the positive strides towards diversity, equity and inclusion in South Africa’s accounting profession. South Africa’s accounting profession has come a long way. These stories serve as powerful testaments to this progress.  By continuing its commitment to diversity, equity and inclusivity, SAICA ensures that the profession remains a dynamic and vibrant space for talent to flourish, ultimately benefitting South Africa’s economy and society as a whole.

SAICA’s Support Structures

1. Thuthuka

SAICA’s journey towards a more balanced and representative accounting profession is far from over. However, initiatives like SAICA’s Thuthuka Education Upliftment Fund offer a glimpse into a brighter future. This pioneering program provides educational support to African learners and students, promoting transformation and diversity within the profession. By investing in the next generation, SAICA ensures a pipeline of talent that reflects the rich tapestry of South Africa.

1. SAICA Enterprise Development

Recognising that two-thirds of SMMEs in South Africa struggle financially, SAICA Enterprise Development (SAICA ED) plays a crucial role in empowering women entrepreneurs. Through financial guidance and support programs, SAICA ED fosters the sustainable growth of small Black businesses, including those led by women. This focus on financial literacy and business acumen empowers women to contribute meaningfully to the South African economy, creating jobs and driving inclusive growth.