Colleges offering CFA in South Africa


CFA is one of the best professional courses in South Africa. There are several colleges that offer training in CFA as well as provide opportunity for students to sit for CFA examination within their premises.

If you want to pursue CFA in South Africa, here are the best colleges to join:

  1. Spectrium Graduate School of Business

How to become a CFA Charter Holder?

To qualify you need to register and write the following exams: CFA Level I, CFA Level II & CFA Level III

DURATION: Minimum 3 Years

CFA Level I (1 Year) I  CFA Level II (1 Year)  I  CFA Level III  (1 Year)


Have earned a bachelor’s (or equivalent) degree, or be in their final year of a bachelor’s program.

  • Have accumulated four years of applicable professional work experience (not required to be investment related).


Before the program it is expected that candidates have background knowledge in the following areas:

Statistics (measures of central tendencies, hypothesis testing, probability and measures of central tendency)

Economics (Micro and macro economics models, demand and supply)

Accounting (balance sheet, income statement, Double entry)

Study Options

We prepare learners to sit the exam through the following flexible study methods:

Part-time Saturday and Sunday Classes (9:00 – 16:00)

Part Time Evening classes (Tuesdays and Thursdays) (18:00 – 20:00)

Full Time (Monday to Friday) (9:00 – 16:00)

Study Packages


Distant Learning

Revision Package


Anyone interested in pursuing a career in Financial Planning, Investment Management, & Wealth Management


The program is structured as follows:

  1. Classroom/Online Sessions: 3 days sessions spread across 4 months – covering all the syllabus
  2. Revision Sessions: 3 days revision session – practice exam level questions (2 or 3 weeks before the exams)
  3. Mock exam: Candidates take the Schweser Mock Exam which is almost a reflection of the CFA examination


Kaplan Schweser Book 1/Module 1: Ethical and Professional Standards and Quantitative Methods

Kaplan Schweser Book 2/Module 2: Economics

Kaplan Schweser Book 3/Module 3: Financial Reporting & Analysis

Kaplan Schweser Book 4/Module 4: Corporate Finance, Portfolio Management and Equity Investments

Kaplan Schweser Book 5/Module 5: Fixed Income, Derivatives and Alternative Investments

Teaching phase study options
8 weekdays, 8 Fridays, 8 Saturdays or 16 evenings
Phase 1 (2 consecutive weekdays, Fridays, Saturdays or 4 evenings):

  • Quantitative Methods
  • Equity
  • Ethics (overview)
Phase 2 (2 consecutive weekdays, Fridays, Saturdays or 4 evenings):

  • Financial Reporting & Analysis
Phase 3 (2 consecutive weekdays, Fridays, Saturdays or 4 evenings):

  • Fixed Income
  • Derivatives
  • Alternative Investments
Phase 4 (2 consecutive weekdays, Fridays, Saturdays or 4 evenings):

  • Economics
  • Corporate Finance
  • Portfolio Management

Revision phase

The revision phase pays particular attention to focused exam preparation and improving your exam technique.

  • 3 consecutive weekdays
  • 3 consecutive Fridays

OR 3 consecutive Saturdays


Learners are required to write a final examination. The Certification body for the Chartered Financial Analyst professional qualification is the CFA Institute in the USA.


Spectrium is a leading provider of educational, corporate and professional training services in Accounting and Finance. The company has established itself as one of the leading independent training companies to offer courses globally. We prepare students for professional accountancy and financial exams including the ACCA, Global MBA, CIMA, CFA, CPA, IFRS and alike.

Support lectures are run by Spectrium’s Faculty of Finance and Accounting, located in Braamfontein, Johannesburg. Spectrium is a recognized and listed CFA Student Support Centre.


Our learning model is characterized as being interactive and dynamic. It taps into the experience; insights and knowledge which enable participants develop a shared language and an understanding of the company’s mission, values, businesses, challenges, and opportunities as well as the key performance areas. This sense of camaraderie helps build effective professional and personal peer networks that are based on trust, communication, and cooperation.


All Full & Part Time Certificate courses start first week of the following months:
Distant Learning can start at anytime
Learnership can start at any time
Revision Courses: See Timetable

Website link:

  1. IBTC

Your fees are split between institute fees (which are paid directly to the CFA Institute), and tuition fees (which are paid to IBTC).

Registration fee
A once-off enrolment fee of $450 is payable to the CFA Institute when enrolling for the CFA Program.

Exam fees

The exam fee covers the cost of the following:

  •      Curriculum material (also called the Candidate Body of Knowledge) in electronic format
  •      An interactive study planner to guide and track your exam preparation
  •      Topic-based practice tests
  •      Mock exams
  •      A mobile study app with access to everything listed above


You may purchase a print version of the curriculum (for $150 plus shipping) at the same time that you register for an exam, or later.


Paying your CFA Institute fees

All fees are payable directly to the CFA Institute upon enrolment and registration. For more information on the fee schedule and cancellation policy, please click here.


Tuition fees

To receive a quote for tuition fees payable to IBTC, make a booking here.


Payment Plan

There is a range of payment options available to you, whether you are paying for your own studies or are fortunate enough to have a sponsor.

You have a choice to pay via electronic funds transfer, cash deposit, bank transfer, online via credit card or manually over the phone via our speed point machines.


The payment plan allows you to pay for your studies over a maximum of 4 month, interest free, depending on the course you have chosen to study.  You are required to select the payment plan option when creating a booking or quote on our website to display the payment plan terms.


We can only confirm bookings once we receive the following from you:

  • a deposit (minimum 20% on tuition depending on the course you have chosen)
  • a completed debit order formfor the balance of the payments


The debit order form is emailed to you with the pro-forma invoice if the payment plan has been selected via our website. The debit order form is also available to download from the student downloads tab  on the website or you can request that it be emailed to you.


Products available on the payment plan

  • Home study
  • Online classes
  • Part time evening or weekend classes
  • Revision Classes
  • Workshops
  • Exam Prep Classes
  • Institute fees (student registration, subscription, exemption)


How to calculate debit order payments?

Course Product Type Deposit Number of payments Monthly % split
CFA Tuition 20% 4 20%


The first debit order collection will be collected the month after the initial deposit is received.

When are the debit order collection dates?

There are fixed dates for collections:

  • 1st
  • 15th
  • 25th
  • Last day of the month (28th, 29th, 30th or 31st)


Should any of the above dates fall on a Sunday or Public Holiday, the collection date will move to the very next working day.


Collection files are sent to FNB 2 days prior to collections. Any changes to the collections need to be amended manually.


Payment plan eligibility

Only South African residents are eligible for the payment plan. Students with poor credit or previous defaulters are also not eligible unless arrangements have been made with Finance. IBTC may request additional information to complete your debit order.


All special arrangements are at the discretion of our Finance Department.


Website link:

  1. Johannesburg School of Finance

Website link:

  1. South African College of Business(Sacob)

Website link:

  1. Edge Fit

Website link:

  1. University of Pretoria

Website link:

  1. College of Chartered Accountants

Website link:

  1. Charter Quest

Website link: