The Association of Corporate Treasurers of Southern Africa (ACTSA), was first formed in 1988 to provide a forum for the promotion of the common interests amongst corporate treasurers in Southern Africa. Its purpose is to facilitate the exchange of information beneficial to the management of corporate treasury operations and the professional development of its members.
ACTSA also aims to provide both its members and potential members with ongoing networking opportunities, exposure to international treasury practices and creates a forum for the discussion of industry-specific issues.
In the fast developing world of finance, the management of an organisation's cash flows, investments, borrowings and financial exposures is no longer left to the accountant, who may not have the necessary understanding of the risks and required management skills.
Treasury is the responsibility of trained specialists whose expertise includes financial strategy formulation, a good knowledge of investments, the management of the treasury systems and banking relationships, and the management and understanding of market, interest and liquidity risks.
Although ACTSA's functions are concentrated in the following regions of South Africa, Gauteng, Cape and Kwazulu-Natal, membership is open across Southern Africa and with special permission even elsewhere in the world.
ACTSA is a member of and plays an important role in the International Group of Treasury Associations which has the following objectives:
Encourage the highest standards of professional ethics and best practice among treasury professionals world-wide.
Raise the profile of the treasury profession.
Explore the development of reciprocal memberships benefits.
Encourage the exchange of information, business practices, and details of various local regulations.