Country profile

South Africa

14 entries from 9 of our maps, in one place. Open a map to see South Africa beside the rest of the world.

Accounting News

Global regulatory & profession weekly updates.

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Scandals & RiskLocal2026-09-18

IRBA publishes disciplinary hearing schedule

South Africa’s Independent Regulatory Board for Auditors published updated September and October disciplinary hearing schedules. The notices provide visibility over ongoing professional discipline within the statutory audit profession.

RegulationRegional2026-09-10

IRBA alert targets public-sector audit risks

South Africa’s IRBA issued Staff Audit Practice Alert 13 on identifying and responding to public-sector-specific audit risks. The alert is intended to strengthen audit execution in a sector where governance, compliance and public-interest risks can differ significantly from private-sector engagements.

RegulationLocal2026-09-03

SAICA responds on interim review standard

SAICA published its comment letter on the IAASB exposure draft revising ISRE 2410 for reviews of interim financial information performed by the entity’s independent auditor. The submission contributes South African professional input to international assurance standard-setting.

Audit Oversight Bodies

Public audit-oversight bodies (POBs) and IFIAR membership by country

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IFIAR member

Independent Regulatory Board for Auditors (IRBA)

PAO: 1. South African Institute of Chartered Accountants (SAICA); 2. South African Institute of Professional Accountants (SAIPA) · ~1,600 registered audit firms · ~3,500 registered auditors · IFIAR member. IRBA fully independent POB. South African Institute of Chartered Accountants (SAICA) is the main PAO

Sustainability Framework Adoption

Sustainability-reporting standards adopted by country (ESRS, ISSB, GRI, TCFD)

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GRI

GRI + IFRS SDS

JSE-listed companies (integrated report mandatory; sustainability voluntary guidance) · Integrated report: since 2010 (King IV); ISSB-aligned guidance 2024+ · South Africa is pioneer in integrated reporting (King IV / IIRC)

Professional Accountancy Organisations

Accountancy bodies (PAOs) and their IFAC membership, by country

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IFAC member

South African Institute of Chartered Accountants (SAICA)

IFAC member · Pan African Federation of Accountants (PAFA) · Founded 1894

Members: 48,000 · Market penetration: 0.0762

IFAC member

South African Institute of Professional Accountants (SAIPA)

IFAC member · Pan African Federation of Accountants (PAFA) · Founded 1982

Members: 10,000 · Market penetration: 0.0159

Not in IFAC

Chartered Institute for Business Accountants (CIBA)

IFAC non-member

Company Registry Portals

Where company financial statements are filed and published, by country

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All entities

CIPC – Annual Returns and iXBRL Financial Statements / JSE SENS

All companies (Pty Ltd, Ltd, NPC, SOC); PIEs required to file audited statements; listed also via JSE · CIPC portal for annual return submission; JSE (https://www.jse.co.za/) and SENS for listed companies

Accountant & Auditor Salaries

Gross annual pay of accountants and external auditors, in US dollars (2026)

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$7,500–20,000

Accountant: $14,066 a year

  • Accountant: $14,066 a year (modelled estimate)
  • External auditor: $19,388 a year (modelled estimate)
  • Average for all jobs: $19,008 a year

Modelled values use global occupational multipliers; use as directional estimates.

Gross pay in nominal US dollars (2026), not adjusted for living costs.

Country Challenges

The main challenge for accounting and audit in each country, from public evidence (2026)

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Skills & workforce

Auditor shortage

  • Evidence: Direct evidence — the selected source reports this issue directly
  • Scope: Statutory audit

Country research identifies a declining registered auditor population and recruitment pressures affecting assurance capacity.

Source: Evaluating the Decline Registered Auditors Will Have on the Future of the Assurance Industry in South Africa (academic research)

Annual Report Awards

National & global awards for the best annual reports and corporate reporting

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National

Excellence in Integrated Reporting Awards

EY South Africa · Integrated annual report · South Africa listed company sector; focuses on investors and stakeholders

National

Integrated Reporting Awards

Chartered Governance Institute of Southern Africa (CGISA) · Integrated report / integrated annual report · Companies preparing integrated reports; South African corporate reporting market

GDP per Capita

GDP per capita (current US$), 2025 — World Bank Open Data

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Upper-middle · $4,516–14,005

$6,598

GDP per capita (current US$), 2025 · Upper-middle · $4,516–14,005

Business opportunities

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Not on these maps yet: Accounting History.

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