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09 March 2018 Photo Barend Nagel
Experts engage in stimulating discussion on South Africa future
Moeletsi Mbeki, Prof Phillippe Burger, Dr Ina Gouws, and Waldimar Pelser.

The University of the Free State (UFS) and the broader Bloemfontein community had the privilege of listening to expert opinions on the country’s future at the Wynand Mouton Theatre on the Bloemfontein Campus on 2 March 2018. On stage were Waldimar Pelser, Rapport editor; Prof Phillippe Burger (Department of Economics); Dr Ina Gouws (Department of Political Studies and Governance) from UFS; and author and businessman Moeletsi Mbeki. Together they painted a critical picture of our current and future state of affairs during a remarkable morning hosted by Rapport Regstreeks and kykNET. 

The ills of our economy
Master of his subject, Prof Burger had the audience spellbound when he explained the real issues surrounding our current sluggish economy. He was concerned about the general lack of growth – the major reason for unemployment. Figures have shown that even a slight increase in economic growth, creates an increase in employment. “We know that good education leads to economic growth,” he said. Poor education is one of our big problems, with our school mathematics performance among the worst in the world. He further advised that we should roll back patronage, stabilise public debt, facilitate a true partnership between government and businesses, identify specific growth sectors, address tenure rights, develop supply chains, and develop special skills. “I believe that we should bring back apprenticeships,” he said. 

Political pains
Mostly in agreement with Prof Burger’s contribution, Mbeki wanted to add politics in the mix as a factor that harms our economy. Capturing the audience with his impressive knowledge and insight, he explained that we basically still sat with the British economic systems set out between 1902 and 1910 – the production and export of minerals, fuelled by cheap labour. The mining sector provided a market for agriculture that also used cheap labour. Currently, we sit with two elites: the capital elite that produces, and the political elite that taxes the profits. Hence, the money is not reinvested. “We need new elite, that will invest in the country, instead of consuming the profits,” he said. Who should this be? “Such a coalition must include owners of productive assets who should form an alliance with rural people.”

Remain vigilant
Dr Ina Gouws supported this notion, saying that now was not the time to put our hopes in one leader for a better future. We should remain critical and vocal about our concerns. Political leaders did not always paint a true picture of what the people wanted and felt. 

More interesting and current topics were addressed during the question and answer session, and Pelser ensured that all adhered to a strict schedule, while using the available time optimally. We hope to see more such events on campus, inviting discourse on current topics. 

News Archive

Kovsies do well in SAICA QE1 exam
2010-06-10

Students from the University of the Free State (UFS) performed well in Part I of the Qualifying Examination (QE I) of the South African Institute of Chartered Accountants (SAICA).

Of the 43 Kovsie students who wrote this examination for the first time, 34 (79%) passed. The average passing rate for residential universities is 73%.
 
This exam sets the standard for Chartered Accountants (CA) and is written after the completion of the B Acc (Hons). The QE1 aims to assess the core technical competencies of prospective CAs.
  
The examination consisted of four sections, namely Auditing, Financial Accounting, Management Accounting and Taxation. The Kovsie students had the best results in the country in the Taxation section. This is an enormous accomplishment, as the average percentage of the 14 accredited universities writing the examinations for Taxation was 51.6%. The Kovsie students passed with an average of 65.38%.
  
Prof. Hentie van Wyk, Programme Director at the Centre for Accounting at the UFS, says he is satisfied with the results and the standard of the Kovsie students who wrote the exam. Five students who passed the QE1 exam are currently academic clerks at the Centre for Accounting. The five clerks will start their second year of practical traineeship at different companies/firms in 2011.
 
In order to qualify as a CA and become a full member of SAICA, the students will also have to complete a specialist diploma, pass the final examination and complete the remaining period of their practical training. Once all three these requirements have been completed, the students will qualify as CAs in South Africa.

Media release
Issued by: Lacea Loader
Director: Strategic Communication (acting)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za  
9 June 2010

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