The ability to convert your CIMA qualification into SAICA recognition is one of the most exciting, and heavily discussed, developments in South African finance right now.
Thanks to a special arrangement between the two professional bodies, qualified professionals now have a fast-track route to holding dual-designations.
What CIMA Members Need to Qualify for SAICA
If you're a qualified CGMA, you may be eligible to convert to SAICA and write the APC (Assessment of Professional Competence). This is the final board exam before qualifying as a CA(SA), previously known as to Board Exam 2.
The Practical Experience Requirements (PER) you would have already completed to become CIMA-qualified means that you will not need to complete any additional practical training with SAICA, previously known as articles.
This is really exciting news. However, you must meet the following three requirements:
- Hold a bachelor’s degree
SAICA is very specific here. Your certificate must clearly state “Bachelor’s degree” (e.g., BCom, BSc), be at an NQF 7 level and worth 360 credits. This does not have to business or finance related. A Bachelor’s degree in any field will be suitable.
Equivalent qualifications or diplomas without the word “Bachelor” on the certificate will not be accepted.
- Be a full CIMA member in good standing
You’ll need to provide a letter of good standing from CIMA, dated within the last 3 months.
- Provide a copy of your ID
Once your documents are submitted, SAICA will review your application. If successful, you’ll receive a letter confirming your eligibility to:
- Register for a SAICA Professional Programme (with one of four approved tuition providers)
- Prepare to write SAICA’s APC exam
This pathway gives qualified CIMA professionals a real opportunity to gain local recognition as a CA(SA), but it requires meeting all of the above criteria, and approval is not automatic.
What About SAICA to CIMA?
The arrangement works both ways. If you're already a qualified CA(SA), you can become CIMA certified by completing just one exam: the Strategic Case Study, through the SAICA Gateway route.
- Cost: £3,800
- Requirement: One exam (Strategic Case Study)
The CIMA to SAICA pathway opens up a more streamlined approach to holding a dual-designation, but it’s not automatic.
You’ll need to meet all the requirements and go through a formal application process with SAICA.
If you're thinking about making the switch but are unsure of anything, please complete the form below to speak to with one of our expert student advisors.
