Best places to study CFA in South Africa


CFA is one of the best Certifications in South Africa. If you want to go to class to study the program, below are the training institutions available:

  1. Financial Training Solutions

Financial Training Solutions is among the best CFA training colleges in South Africa. Training is for CFA 1 to III.Training costs R15,500 to R13,225. For online classes only, you will pay R 9775.



Tel: 083 601 4749
Fax: 0866 534132

PO Box 87256
Houghton 2041

Venue for CFA® Program training:
The Wanderers Club
21 North Street (corner Rudd Road)

  1. Charter Quest

You can also enroll for CFA at Charter Quest.


Exemptions & Eligibility

Irrespective of your prior qualification and/or experience, you cannot apply for exemption from any Level of the CFA® Program. To be eligible to start at Level I, you must EITHER:

  • Hold a bachelor’s (or equivalent) degree, or
  • Be within 23 months of your graduation month of your bachelor’s (or equivalent) degree , and/or
  • Have four years of work experience (not necessarily investment-related).

Please note: Although four years of work experience which is not necessarily-invested related will grant you eligibility, you will be required to submit three years of  relevant work  experience before being accorded the CFA Charter. This relevant experience you can gain before, during or after completing all the relevant CFA® exams.

What they teach

CFA® Syllabus Structure – All Levels

The CFA® Program is structured into 3 challenging levels:

  • Level I (knowledge and understanding of investment tools and techniques);
  • Level II (application of investment tools and techniques to asset valuation) and
  • Level III(synthesis and evaluation of investment tools and techniques in the context of portfolio management and wealth planning).

The above 3 levels are underpinned by a network of progressively challenging Learning Outcome Statements (LOSs), founded on 10 syllabus topic areas:

  1. Quantitative Methods;
  2. Economics;
  3. Financial Statement Analysis;
  4. Corporate Issuers;
  5. Equity Investments;
  6. Fixed Income;
  7. Derivatives;
  8. Alternative Investments;
  9. Portfolio Management and
  10. Ethics & Professional Standards

3 Intakes

  • Level I – Jan, May & Oct. aiming for the Aug/Nov. sitting
  • Level II – Jan & April aiming for the November Sitting
  • Level III – January aiming for the August Sitting

Payment Options & Funding

Up to 12% Discount for Self-Sponsored Students (T/Cs)

  • 20% Upfront Fee to get started and the balance paid over 6 months directly with CQ!
  • Get Student Funding through our partnerships with Capitec Education Finance & Standard Bank

Fee ranges between R15,000 and R 23,500

  1. Spectrium


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


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

  1. College of Chartered Accountants

College of Chartered Accountants offer courses like CFA and CIMA. College of Chartered Accountants offers the CFA program in a self-study format and divides it into three levels of exams:

  1. Investment tools which deals with Knowledge and Comprehension.
  2. Asset valuation which involves Application and Analysis.
  3. Portfolio Management which involves Synthesis and Evaluation.
  4. IBTC

IBTC trains CFA Leel I to III.Their fee is as low as R 13,250.



Tel:         0861 111 411

Intl:        +27 86 111 1411