16.1. The basic term of a training contract and the required minimum hours of core experience, related to
the prescribed competencies by the end of the training contract, at commencement of the training
contract are as follows:
16.2. Academic remission will be granted on the basis of:
16.2.1. successful completion of an accredited degree, an accredited bridging programme, or an accredited
post-graduate qualification, during a 60 (sixty) month training contract by a trainee accountant
contemplated in Regulation 16.1.3; or
16.2.2. successful completion of an accredited degree, an accredited bridging programme, or an accredited
post-graduate qualification during a 48 (forty-eight) month training contract by a trainee accountant
contemplated in Regulation 16.1.2.
16.3. Academic remission will reduce the term of the training contract as follows:
16.3.1. If the trainee accountant completes the qualification referred to in Regulation 16.2.1 during the first 12
(twelve) months of the training contract, the training contract expires 36 (thirty-six) months from the
date on which the trainee accountant completed the degree/qualification;
16.3.2. If the trainee accountant completes the qualification referred to in Regulation 16.2.1 or 16.2.2 during
the last 12 (twelve) months of the training contract, the remission constitutes the remaining balance of
the term of the contract;
16.4. If the trainee accountant completes the qualification referred to in Regulation 16.2.1 or 16.2.2 at any
other point in the training contract, the term of the training contract is reduced by 12 (twelve) months.
Training Regulations – 1 January 2024 17
16.5. For purposes of Regulations 16.3.1 and 16.3.2, SAICA will consider the date of the completion of a
qualification to be the closer of 30 June or 31 December of any year to the date on which the trainee
accountant wrote the final paper to achieve the qualification.
16.6. Academic remission may only be granted once under the same training contract.
