Fresh concerns have been raised about South Africa’s (SA) widening financial skills gap and the country’s struggle to retain critical talent, following a high-level meeting of senior finance and accounting leaders in Mombasa, Kenya.

Participants at the gathering cautioned that unless SA urgently boosts investment in both digital capabilities and professional training, the country risks slipping further behind global benchmarks in financial management and corporate governance.

The experts warned that the shortage of skilled professionals is already constraining growth in key sectors, with companies increasingly battling to fill specialised roles in auditing, analytics, and financial oversight. They added that the rapid pace of technological change is intensifying pressure on organisations to develop stronger digital competencies.

–ChannelAfrica–