Knowledge Centre

Chartered Business Accountant in Commerce

Inside finance teams, CBACs are the professionals who turn financial information into business decisions — keeping companies compliant, efficient, and contributing to economic growth.

1. What It Is

The Chartered Business Accountant in Commerce (CBAC) designation is awarded to finance professionals working inside organisations who have demonstrated operational-level competence in financial management, reporting, compliance, and analysis.

Unlike ordinary employees with job titles, CBACs carry recognition and accountability. You are the trusted professional who ensures financial systems not only comply with rules, but also support your company’s sector-specific challenges and opportunities.

2. Requirements

To qualify for the Chartered Business Accountant in Commerce designation you need:

  • NQF Level 6 qualification (or equivalent)

  • 2 years relevant experience at operational level

  • Successful completion of an interview assessment with CIBA

3. Why It Matters to You

  • Career growth: Recognition that sets you apart from colleagues with only qualifications or job titles.

  • Credibility with management: Boards and executives know you’re accredited, not just experienced.

  • Trusted impact: You reduce risk and help your company grow sustainably.

  • Bigger picture: You’re not just producing reports, you’re helping shape decisions that keep industries and the economy moving forward.

4. Key Rules, Standards, or Requirements

  • Registered on the SAQA database.

  • Aligns with CIBA education and ethics standards.

  • Requires annual CPD and compliance declarations.

5. How to Apply

  • Check eligibility — NQF 6 qualification + 2 years operational-level finance experience.

  • Apply — submit your application through the CIBA membership system.

  • Interview — attend a readiness interview with CIBA.

  • Award — once approved, you can use the CBAC title.

6. Maintaining Your Designation

To keep your Chartered Business Accountant in Commerce status active, you must:

  • Complete annual CPD in line with CIBA’s CPD policy.

  • Submit your annual compliance and ethics declaration.

This ensures you remain up to date, trusted, and credible in your role.