Transnet Chartered Accountants Training (CAT) Programme

Transnet Chartered Accountants Training (CAT) Programme

CA Training (CAT) Programme – Background

Training of accountants is critical both for Transnet and the country as a whole.  South Africa has a shortage of accountants especially black accountants.  Transnet has accepted the responsibility to develop the scarce skills in light of the greater objectives of the country.  The CA Training (CAT) Programme in Transnet is a strategic intervention to train prospective Chartered Accountants to meet the skills requirements of South Africa in the Accountancy field.

Transnet has been an accredited training office with the South African Institute of Chartered Accountants (SAICA) from 1997.

 

About our Programme

The CAT Programme at Transnet is a three year learnership programme for candidates who have a Certificate in the Theory of Accounting (CTA) / B Compt Hons or equivalent.

The stringent requirements of SAICA demand that trainees receive extensive training in Financial Management, Management Decision-Making, Financial Accounting, Internal Audit & Corporate Governance, Auditing & Assurance and Taxation. This also includes the professional skills like interpersonal & communication skills, intellectual skills, personal skills, and organizational & management skills.

In Transnet, the trainees will be rotated to the head office and several of its business units, e.g. Transnet National Ports Authority, Transnet Pipelines, Transnet Freight Rail, etc.  The rotation will be tailored to meet the needs of the trainee and the respective business unit, with the trainee spending at least one-third of the practical training in one business.

The training programme matches the depth of the SAICA syllabus requirements with a wide business exposure.

 

Our SAICA Elective Skills:

Transnet has elected the Financial Management and Management Decision-Making as its Elective Skills based on Transnet’s business and industry.

 

Our Selection Criteria

The minimum entry requirement is the Certificate in Theory of Accounting (CTA) and each applicant must also demonstrate:

• Consistent progress in their accountancy studies,
• Strong verbal communication skills, and
• Analytical ability

 

Training Support

Transnet will offer its trainees industry level support to ensure their success in the programme.

The training programme will provide for:

• Study leave for the board exams;
• Supplementary courses;
• General business management training;
• Exam technique courses, revision courses for the board exams;
• Assessments.

 

About Mentorship

Trainees are assigned mentors from the CA’s within the Transnet Group.  These mentors have volunteered their time, passion and dedication to the success of the programme and the trainee accountants.  They provide leadership, empowerment, guidance and advice to trainee accountants on their career path.

 

About Supervision

Supervisors are the line managers who ensure that training takes place.  They are responsible for the day to day training, workstation, timesheet and leave authorization, and attendance of assessment meetings.  They also provide career guidance to trainees.