How to become a stockbroker in South Africa

To be a Stockbroker in South Africa you need to be a member of the South African Institute of Stockbrokers (SAIS). To be a member of SAIS you need to write and pass the SAIS Board Exams.

Requirements to sit for the SAIS Board Exams

Those who have written and passed or have been granted exemption from all of the following:

1. Registered Persons Exam for the Futures Market (5 modules)
2. JSE Settlement Officer Exam
3. JSE Compliance Exam

OR

1 Those with the following qualifications:

2 B.Com (Hons)(Investment Advice)

3 Chartered Accountant (South Africa)

4 Chartered Financial Analyst

OR

1 Those who have completed a degree AND the one-year SAIS bridging course “Programme

in Investment Analysis & Portfolio Management” at UNISA. The SAIS requirement is that

all five modules of this course must be completed.

The Easiest way to be Chartered Accountant in South Africa

Dear all

If you want to be a CA(SA) -Chartered Accountant (South Africa) in th least number of years I suggest you follow this plan.

1. Study to become a Chartered Management Accounting through CIMA (Chartered Institute of Management Accounting)

2. CIMA members who wish to obtain the CA(SA) designation

The SAICA Board has approved the following for CIMA members wishing to obtain the CA(SA) designation in order to become members of SAICA:

• A CTA or equivalent and writing Part 1 of the Qualifying Examination; and
• Application for recognition of previous service (experience) of which a maximum of 12 months will be granted as remission towards the three-year training contract in a TOPP organisation (ie with an Accredited Training Organisation (ATO) in commerce and industry.) These applicants will in other words still need to complete two years of a training contract with an ATO.
• CIMA members would thus be exempt from the financial management specialism course and Part 2 of the Qualifying Examination.

If you have any further questions regarding the CA(SA) qualification and these exemptions, please contact Adri Kleinhans at adrik@saica.co.za.

All the best and be blessed and stay blessed

Greg