The department of trade and industry has gazetted a revised draft of the chartered accountancy profession sector code in a bid to transform the profession. The draft code comes on the back of increasing calls in the industry for more black ownership and management at companies, particularly in the accounting sector. In the gazette, published on Friday, the department said its goal is to increase the number of black chartered accountants, particularly women, in ownership and management of chartered accounting companies. “The vision of the chartered accountancy (CA) profession sector code is to grow the number of black people in the CA profession to reflect the country’s population demographics, to empower and enable them to meaningfully participate in and sustain the growth of the economy, thereby advancing equal opportunity and equitable income distribution,” reads the draft of the charter.  The department found that black people faced a number of challenges that locked them out of...

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