MyCIMA

CIMA in South Africa

Replies : 60

We urgently need help in establishing CIMA practises in South Africa.

CIMA's marketing in South Africa leaves something to be desired. Marketing is targeted at students without an adequate foothold in Academic institutions.

CIMA designations is not known at all, in a market where the strongest competitor for Financial Director and Financial Manager positions is SAICA and CA(SA) (Which is primarily a auditing qualification) which focusses their marketing effort on the CA(SA) brand.

I am pasionate about CIMA because of the value it offers to businesses, I request sugestions and support to take a bigger piece of the South African market for CIMA.

CIMA in South Africa

Hi Andries, It's nice to read a posting from one who is passionate about CIMA. I noticed that you were looking for suggestions. One suggestion I have is to do what I did and volunteer ( I am a Regional Treasurer in the UK). If you are 'on the inside' it can be easier to have your suggestions heard and, where possible implemented. From your post I assume that you have some ideas. If so, why not contact the South Africa office (details below). Regards, Alistair. Office address: 1st Floor, South West Wing 198 Oxford Road Illovo 2196 Tel: +27 (0)11 788 8723 or 0861 CIMASA (0861 246272) Fax: +27 (0)11 788 8724 Email: johannesburg@cimaglobal.com

CIMA in South Africa

Hi Andries, I would definitely agree with you and I live in South Africa. What really gets my goat is the employment agencies advertising jobs where they say Bcomm or CIMA - dammit, its much more than a degree! A point I always raise on questionnaires that CIMA send out is that there is not enough awareness of the brand in SA and I think more needs to be done with regard to advertising. Perhaps we need to do more in the way of networking? (Having worked at auditing firms, I know that this is one thing that SAICA does on a regular basis). I would certainly support such efforts.

CIMA in South Africa

Thank you Alistair, I will definatively contact them. In reply to Sarah: Sarah, I think that we should start a young members club or something and organise networking sessions with CIMA and all stakeholders! Doesn't SAICA have something like a young CA's club etc? I also feel that the emphasis on CIMA's marketing is not right, they focus on drawing more students, but after you are a member you have to fend for yourself. I did not study CIMA because of any pamflet or advert. I studied CIMA because of two people (One a FCMA and another a CIMA student) which demonstrated the value of CIMA by what they did in their respective flields. I think CIMA needs to adjust their focus on their marketing in South Africa and support their members which will in turn draw in sufficient students.

CIMA in South Africa

Hey guys, I'm new on the forum. My aim as a CIMA student is to try and go global to get some experience, especially in the UK. There was a newsletter sometime last year, saying that ACMAs are not affected by recession (unless they use it to market themselves). I have learnt that people who possess international experience are celebrated in this country, and I think that is the reason why most professionals have left the country.

CIMA in South Africa

Hey all, I'm also new on the whole CIMA scene. I am 26 years old and am a qualified CA (SAICA). I entered the CIMA qualification in the beginning of the current year (2009) and only have the TOPCIMA exam left in November. I am in the fortunate position to be able to compare the likes of the CIMA qualification to that of a CA. I must admit that SAICA outperforms CIMA when it comes to marketing and keeping members involved. I guess what adds to me saying this is that I an located in Bloemfontein where there has not been one seminar regarding CIMA related topics or discussions for the past year! I have found in my studies that CIMA has a great deal to offer and being CIMA qualified one will have a broader business understanding in general compared to a CA who mainly specialises in IFRS and TAX (predominantly). CAs are great for financial reporting (compliance), but one needs a bit more than that in a business - and thats where I see CIMA come in to play! In summary - CIMA can offer more needed skills to an accountant than any other course that I have come across. I feel that this needs to be the drive force behind the marketing. To many people think of it only being number crunching!

CIMA Qualification Equivalent

Hi All, Can someone tell me what the equivalent SA degree is to the CIMA Qualification. How does the B.Com degree compare to the different CIMA qualifications?

cima

@johannes - you should ask the cima office in jhb if there is a bloemfontein / free state division. here in kzn theres no physical office but there are cima staff that support and grow the qualification - and they host the events. great to see a CA recognising the value of the cima qualification, good luck for topcima! one question though, are you a tipp or topp stream CA?

@andre - its worth alot more than a bcom, I have a bcom accounting degree and still have 9 cima exams to go after accepting exemptions. cima is rated as a nqf 7 qualification by saqa (sa qualifications authority), its the same level that the saica ca qualification falls into, basically equivalent to a masters degree - but the practrical experience requirements makes both of them alot more valuable than a normal university masters degree.

CIMA in SA

Hey Sigma - I am not aware of any such a movement in the Free State. I am in close contact with the varsity (UFS) and will be teaching some managerial level subjects next year. I guess that is the closest ive come across to a group in the FS. Its just sad that none of the interesting seminars are held here. But in time im sure it will grow. I followed the TIPP stream - had great clients such as SASOL and ANGLOGOLD ASHANTI. That sort of got me interested in the CIMA direction as i got to audit future cash flow projections and asset NPV. I would love to perform these tasks every day if I could - but it is hard getting into a company these days..... Regards

CIMA SA

I am still new in KZN and would want to have some contacts for CIMA students in this area so that we can further the goals and also see what we can do to promote the MOST RESPECTED BUSINESS QUALIFICATION. I am also shocked to see that most recruitment agencies equate the CIMA qualification to a BComm degree.I think the qualification should be given more weight and also the other thing is the non-recognition of Part Qualified CIMAs here in South Africa.In most of the countries PQ CIMAs are recognised and there is an existing market for them whereas here in SA I havent seen it.

CIMA in SA updated

Probably the best CIMA has done here in Australia should be used as a strategy there in South Africa.

To stave off any form of prejudice against it's members CIMA has run joint programs with the local accounting qualifications. The Australian CA and CPA are entrenched and inevitable market leaders. And in order to beat them CIMA first joined forces and worked with the local qualifications.

When CPA and CA Australia realised what CIMA can contribute it was easier to see the CIMA qualifications being recognised. Currently CIMA runs joint mutual recognition with the CPA and also works closely with CA Australia.

Obviously there are CIMA people, like the current CIMA president Aubrey Joachim, who have been very instrumental in ensuring that the qualification is well recognised here. Aubrey always makes things happen, and I am sure you guys you will need to work very closely with CIMA South Africa to make these things happen. You will need to marshall all the CIMA head office support to effect change in attitudes there. Especially with Aubrey being the President I strongly believe it is an easy piece of work for him when it comes to putting together workable strategies.

I am an Australian CA, and of course CPA through MRA but whenever I read the CA Charter magazine I always rush to read the regular contribution in the magazine by Aubrey Joachim. To me this is not about CIMA, but this is because the contributions by Aubrey, and indeed CIMA, in the magazine is always invaluable. Other CA only members always attest to the brilliance of the contributions by Aubrey and indeed CIMA.

Therefore it is imperative that if we are to see CIMA make headway in South Africa it will be incumbent upon all the CIMA students and members to go out and proclaim the virtues of CIMA though working with other organisations like SAICA and the universities. CIMA on its own cannot do everything. But we as the ambassadors should go out and make a difference in our respective communities.

Let CIMA and its members be judged by its impeccable deeds!

CIMA in SA

Hi We also need to contribute to marketing by talking to people about what CIMA does and not just get fed up with them. I went to a CIMA discussion and was told that the management diploma is on the same level as a Bcom Honours and the Strategy level was the equivalent of an MBA. When I submit my cv for jobs or to agencies I always include the CIMA report that evaluates CIMA against SAICA. It is a very good document and gives people an insight into what we do. CIMA is the best.

saica report

@DTM

Could you please provide a link to that CIMA vs SAICA report? I have been searching for it for ages, didn't even know that one had been made

SAICA Report

DTM That sounds like a good idea. Please provide the link. Thanks. Kind regards. Johan

CIMA RECOGNITION IN SOUTH AFRICA

CIMA SA is not doing enough to promote the CIMA qualification/brand to employers and employment agencies in SA. Most of the senior management positions in finance in SA are filled with CA (SA)s. It is like a brotherhood - when they in turn have to appoint staff they appoint CAs again and so it goes on. Very few ads will call for CA (SA) or CIMA when the want senior financial staff. We are fighting a losing battle here. We pay a lot of money for membership but the SA office of CIMA is not doing much other than placing a few ads in the business press.

TOPCIMA

Hi Are any of you perhaps studying for TOPCIMA to be written on 26 November 2009? Regards Johan

Good feedback!!!

Its great to see all the positive feedback on this topic! Thank you to everybody!

I would also like to see that CIMA vs SAICA report please!

Great hearing from a CA(SA) about the value of CIMA! 

New website

I must give credit to CIMA on their overhaul of the CIMA site. I was part of one of the focus groups and I must say that the recommendations of the participants have been taken into account.

This proves that CIMA together with CIMA students and members can drastically improve the value that CIMA delivers to us in South Africa. We must all work together to grow this valuable qualification!

CIMA south Africa Not Marketing-let there be a Club

i agree with all of you guys CIMA SA is not doing enough to market the qualification, its students and the qualified. it is clear to see that they have resorted to being just the administrative function for the UK Office. we need more action on the marketing side, we need them to champion the recruitement drive for CIMA students and qualified through running their own placement or as away of facilitating growth and experties of cima qualified pple. guys lets form our own club that is actively involved in this so that we champion the cima qualification in the way we see it, please lets do this

CIMA in SA not Marketed

I very much agree with you all around this, i thought i was the only one who would whenever my Profession is questioned by my colleages i must go in details explaiining what its all about, i mean even last week i attended an interview within our company and they asked me to elaborate on what CIMA is all about, (I couldn't beleave how professionals can display their ignorance like that) but now understand why, there's simply no awareness about CIMA, i would love to join and contribute to any forum out there, even volonteering.

CIMA IN SA

I beg to differ with most comments. I think cima sa is doing a lot to advetise the qualification. I see that on DSTV, at Airports, Business Brief etc.  I think our own members need to write a lot, comment on national issues etc to ensure that the cima brand is well known. let us continue to attract saica members into cima. We may need one or two marketing persons to visit recruitment agencies, schools, universities and employers and address them on cima.  We should encourage more universities to teach cima as well as private colleges.

Let us get the cima vs saica report please 

 

cima Free state - Lesotho

I am glad to learn that we have cima members in the Free State in particular Bloemfontein. May be cima has to establish the Lesotho Free State branch to mobilize and promote cima in this region. I am available as volunteer. I would love to meet Johanes Rossouw and we do something about it. My contacts are: [email and phone numbers deleted by moderator 27/01/10 due to privacy issues. Please use the web messaging service to get in touch with other users privately: http://community.cimaglobal.com/discussions/using-cimasphere/privacy-and-keeping-your-personal-information-safe robert@cas.ac.ls]  I lecture strategy, management accounting, and corporate governance at the Lesotho's Centre for Accounting Studies, owned by government and currently teaching the ACCA and CIPFA programmes.  I sit on board of Institute of Chartered Secretaries & Administrators, and the Lesotho Institute of Accountants, and hopefully I will sit on CIMA SA region board.  May all Free Staters and Lesotho people contact me and we work out something

CIMA Educators

I have discovered that its very rare to find CIMA qualified educators teaching CIMA students. Majority of the educators are from other qualifications which makes it difficult for students to pass. Is it because the CIMA qualification is so rewarding for qualified pple in industry as compared to one qualifying and becomes an educator? I think we should now start to encourage pple to become educators dedicated to CIMA after qualifying and try as much to reward them, lets start with those who can do this part time after their normal working hours.

I am looking for study mates who are doing CIMA living around Nelspruit, i am doing Financial Management, enterprise Operations and Performance Operations, just even to establish a study group, please if serious you can contact me [phone numbers deleted by moderator 27/01/10 due to privacy issues. Please use the web messaging service to get in touch with other users privately: http://community.cimaglobal.com/discussions/using-cimasphere/privacy-and-keeping-your-personal-information-safe robert@cas.ac.ls]. i feel these so called CIMA accredited training institutions are short changing us so lets do it on our own. Even looking for a qualified CIMA person willing to assist me part time for a fee.

CIMA Educators

Persuade Kampinya wrote:

I have discovered that its very rare to find CIMA qualified educators teaching CIMA students. Majority of the educators are from other qualifications which makes it difficult for students to pass. Is it because the CIMA qualification is so rewarding for qualified pple in industry as compared to one qualifying and becomes an educator? I think we should now start to encourage pple to become educators dedicated to CIMA after qualifying and try as much to reward them, lets start with those who can do this part time after their normal working hours.

I am looking for study mates who are doing CIMA living around Nelspruit, i am doing Financial Management, enterprise Operations and Performance Operations, just even to establish a study group, please if serious you can contact me [phone numbers deleted by moderator 27/01/10 due to privacy issues. Please use the web messaging service to get in touch with other users privately: http://community.cimaglobal.com/discussions/using-cimasphere/privacy-and-keeping-your-personal-information-safe robert@cas.ac.ls]. i feel these so called CIMA accredited training institutions are short changing us so lets do it on our own. Even looking for a qualified CIMA person willing to assist me part time for a fee.

 I would like to comment on what Persuade said.

- Firstly there are only about +-1300 CIMA members in South Africa. Most of them are in senior management positions. A lot of them are CA(SA)'s as well.

- Also SAICA pays CA(SA)'s extra over and above their University pay checks to be in academics, with SA taxpayer money!!!

- The members with the problem is the guys with CIMA as their primary qualification, as the companies and agencies... problem exists, as we all know.

- Interesting to know the reverse also applies, I (ACMA) lectured UNISA BCompt Hons and CTA (CA(SA) students) at a college in Pretoria on Management Accounting, and obtained a 78% pass rate from my students last year. But I will be the the first lecturer that they let go because I am not in the CA(SA) club. Unfair isn't it? Remember I am doing this part time in the evenings.

- A positive step taken by CIMA is that the people on the new regional board are impeccable, Apie Pienaar, is a CA(SA) and Academic as well as a ACMA. I am convinced that this will bring backing to the CIMA brand in SA. Well done CIMA!!!

I hope this clarified the position in SA a bit through my experience.

 

CIMA Better off than ACCA in SA

I would also like to comment that CIMA is much better off than ACCA in South Africa.

ACCA: Excludes CA(SA) and ACMA's and FCMA's, and their qualification is on degree level.

CIMA: Doesn't exclude CA(SA)'s and other degrees and qualifications and is on a post graduate level.

I have seen a couple of adverts for FM positions breaking the oath and asking for CA(SA) or CIMA!!! But very few acknowledge ACCA.

This was with an agency that clearly segregates CA(SA) positions from other General Finance positions. I will not name the organisation. But the CA(SA) or CIMA add was in the CA(SA) section!!!

Therefore, we are winning guys, slowly but surely. 

CIMA Educators & Study groups

@ Andries & Persuade

I suspect the greatest challenge in co-ordinating educators is the limited number of CIMA members and students in the country. It's easier to form CA(SA)/CTA/PGDA study groups because there is a plethora of students on that route in all major cities/towns.

 

For instance, if I were to start a study group in Cape Town (where I'm based) I anticipate that I'd have difficulties trying to find

(a) A significant number of participants to make it worth the energy compared to self-study

(b) Appropriately qualified individuals that are willing to offer tutoring services.

 

Just my 5cents worth - I may be wrong.

 

 

CIMA FREE STATE/LESOTHO

I am appealing to all members and students of CIMA in Free State and in Lesotho to join forces and establish a CIMA Branch.  Could the Southern African division facilitate this. I know we have members in Maseru and Bloemfontein, and that could be an easier route.

I just read on web that the MBA holders would be given a fast track programme to assist them to qualify into Strategy papers. I think it is brilliant however not all MBAs are equivalent, some may be very poor, and it is imported that only MBAs accreditated with respectable and recognized bodies should be allowed on the fast track programme. I learn that they will be sitting one paper that will encompass the three Level 2 subjects (managemerial level) and upon successfully completing it, they will then move to Strategy Level.  I plead that instead of One subject, they should be Two subjects, the second purely being on Financial Reporting (Financial Management), alternatively, Financial Reporting should make at least 45% of that paper (I still do not support the alternative though). My reason is that CIMAs are Accountants, and should be proficient in Management Accounting as well as Financial Accounting. Already the CAs think we are no good in financial accounting, and that often works against us, and let us not do anything to promote that perception.

May be the best alternative is that they should be exempted fromall papers in level 1, and only one paper in Level 2 which is Enterprise Management, and they sit for Performance Management and Financial Reporting Management.

One had asked about the rating of CIMA in South Africa. Please check www.fasset.org.za     You will see that is given NQF Level 7, which is the same as SAICA.

 

Info that will help with Recruiters

I would like to provide more information that will help with recruiters as well as describing CIMA's worth in the market place, to the uninformed tunnel visioned individual we all meet in the recruiting process:

- CIMA with a CTA is equavalent to CA(SA) Financial Management or the TOPP route. Please see the SAICA website for the exemptions http://www.saica.co.za/LearnersStudents/Examinations/CIMARecognition/tabid/471/language/en-ZA/Default.aspx 

- Like Robert said CIMA members (ACMA/FCMA) has a NQF level of 7, the same as CA(SA).

- The TOPP Financial Management part 2 exams by SAICA, was based on CIMA papers as FCMA's initially set the exams. (TOPP - baby brother of CIMA!!!)

- After being a CIMA member for 5 years you can become a member of ICAEW (ACA) with two ACA's sponsoring you.

http://www.icaew.com/index.cfm/route/168561/icaew_ga/en/Home/Join_us/Join_via_Pathways_to_Membership/Pathways_application_criteria/Pathways_to_Membership_application_criteria

The ICAEW and SAICA have a reciprocal membership agreement whereby members can obtain the other qualification without having to write exams. But CA(SA)'s wishing to audit in the UK needs to write the aptitude test and apply for a practicing certificate with ICAEW

Therefore, if you take ICAEW as a benchmark, a CA(SA) and ACMA/FCMA not wishing to audit are in the exact same position.

Except that CA(SA) TIPP (Audit) is at a disadvantage when it comes to business content and Financial Management (I know I lectured to them and know the content and the level that they go into it).

The CA(SA) TOPP (Fin Management) is also at a disadvantage as this qualification was based on CIMA and is very young and not well established outside of SA. Why go for the imitation if you can go for the real thing. (TOPP vs CIMA).

- Also with regards to BBBEE, SAICA membership is composed of 75% white males. CIMA and ACCA definatively have a better track record regarding BBBEE.

I hope this helps some of our guys. Information is power!!! 

 

CIMA'S Equivalence

I think the member in SA has said it all.  CIMA is indeed the champion for those who go into business for financial management positions.

Please let us only tell people about it, thus promote it ourselves. If you can take a young graduate a month about CIMA in a year you will have told 12, and with more than a thousand members in SA we will double membership, and indeed numbers count. The more members in high position the more our qualification will be known

 

Do you know any distance learning institution in SA that admits CIMA members into their Masters' programmes or LLB directly, even if such member does not have a degree.  I am an Accountancy tutor with CIMA  and CIS, would you know know of any SA university that would take me into lecturing?

CIMA Graduation & Branding

I'm pleased to hear that CIMA will be hosting graduations in Johannesburg, South Africa on 18 Mar 10!! 

I think is also a step ahead towards cementing the position of CIMA, and enhancing its brand, in the country.

I'm just worried tough that FASSET development projects recruit most graduates wishing to pursue either a SAICA or SAIPA route. CIMA initially had a programme called Tirisano in 2005 to absorb graduates for CIMA and increase a pool of Management Accountant in RSA.

However, the programme in no longer existing. I don't know whether it failed or it's a matter of protectionism? Graduate Development Programmes for CIMAs are very scarce. I think this is one area that needs special attention.

If CIMA brand, and most importantly its value to business, can be spread rigorously in the country, we will soon realise formidable recognistion country-wide. The knowledge that we acquire from studying CIMA is quite invaluable to add value to organisations, and hence economic growth of the country!

 

 

CIMA's Equivalence

Robert Likhang wrote:

I think the member in SA has said it all.  CIMA is indeed the champion for those who go into business for financial management positions.

Please let us only tell people about it, thus promote it ourselves. If you can take a young graduate a month about CIMA in a year you will have told 12, and with more than a thousand members in SA we will double membership, and indeed numbers count. The more members in high position the more our qualification will be known

 

Do you know any distance learning institution in SA that admits CIMA members into their Masters' programmes or LLB directly, even if such member does not have a degree.  I am an Accountancy tutor with CIMA  and CIS, would you know know of any SA university that would take me into lecturing?

Robert, contact me through the CIMA Gauteng branch and I'll give you a two contacts, I can't promise anything but you have very good qualifications and also lecturing experience.