JOHANNESBURG, 20 June 2019 – At 86%, Accountants are the most confident about the future of their profession over the next five years and would encourage young learners to enter their profession, according to the 2019 PPS Graduate Professional Index (GPI) results.
Accountants rated financial viability (41%) and regulation (37%) as the top reasons for their confidence. A high percentage of accountants (89%) would encourage matriculants to enter their profession. However, with 59%, more accounting professionals believe graduates fresh from university are not equipped for the job or that further training is required.
Meanwhile government, integrity and transparency (55%) were cited as the major issues to be addressed by the profession in the next 12 months. These were followed by innovation/technology at 25%.
“While accountants are the most optimistic professionals in South Africa, it is interesting to note that there is awareness in the profession to maintain high standards and relevance in 2019 by ensuring the right skills are available whilst upholding the critical need for consistent integrity,” says Motshabi Nomvete, Technical Marketing Specialist at PPS. “This can largely be attributed to the significant focus that the accounting profession has been under over the past few years in South Africa.”
PPS conducted an independent survey of 5,837 members at the beginning of 2019 to gauge their perceptions on a number of issues affecting the Engineering, Accounting, Dental, Legal, Medical, Pharmaceutical and other sector professions.
The other most confident professions were other* (80%), legal (65%), engineering (60%) and pharmaceutical (60%). Medicine (56%) and dental (47%) were at the bottom of the pack.
*Note to the editor: ‘Other’ are business professional, financial sector, computer sciences/IT, education, science and biology, social/community upliftment, urban/rural development, environmental sciences/conservation, arts and literature/academia, government/public service, law enforcement and agriculture/horticulture professions.
PPS has more than 150 000 members who enjoy access to a comprehensive suite of financial and healthcare products that are specifically tailored to meet the needs of graduate professionals.
PPS is the largest South African company of its kind, exclusively for graduate professionals, that still embraces an ethos of mutuality, which means that it exists solely for the benefit of its members. Members receive profit allocations based on the qualifying life risk products they hold with PPS. Thus, PPS members with qualifying products could share in the profits of PPS Insurance, PPS Investments, PPS Short-Term Insurance and PPS Healthcare Administrators via annual allocations to the unique PPS Profit-Share Account. In addition, the more products members hold across these PPS businesses, the larger their percentage of earnings through the PPS Cross-Holdings Profit-Share Booster.
PPS membership provides access to the following tried, tested and trusted products and services: PPS Life Insurance, PPS Short-Term Insurance, PPS Financial Advisory, PPS Investments and Profmed Medical Scheme. Visit www.pps.co.za for more information.
PPS is a Licensed Insurer and Financial Services Provider.