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02 April 2019 | Story Valentino Ndaba | Photo Charl Devenish
Accounting Students
Pictured are 8 of the 64 UFS School of Accountancy students who form part of the 84.2% pass rate achievers.

Students from the University of the Free State (UFS) School of Accountancy achieved a 84.2% pass rate compared to the national average of 76.2% during the Initial Test of Competence (ITC) examination facilitated by the South African Institute of Chartered Accountants (SAICA).

A total of 64 out of 76 UFS students who attempted the ITC for the first time were successful in the examination. The ITC is known for its challenging nature.  Demographically, our African black students outperformed the 62.1% national pass rate by attaining an impressive 80.6%.

Collective congratulations

Prof Hentie van Wyk, Programme Director at the school, attributed diligence for the high pass rate. “This is due to our student-centred teaching module that was introduced four years ago and committed academic staff of the School of Accountancy from the first to the fourth year.”

Further future surge expected

“With the coming June 2019 ITC sitting, our pass rate for 2019 will most probably be more than 90%. Our three-year rolling average for 2015-2017, 2016-2018 and 2017-2019 were 83%, 86% and 90% respectively. Hopefully we can maintain the upward curve,” said Prof Van Wyk.

News Archive

UFS salary model makes salary adjustment of 16,13% possible
2008-12-11

Staff from the University of the Free State (UFS) will receive a salary adjustment of 16,13% for 2009. This adjustment is 2,78% higher than the 13,35% that was agreed by the management and unions last month.

The UFS has received the actual state subsidy for 2009 from the Department of Education. The amount is significantly higher than previously calculated as a result of a once-off inflationary adjustment that was made.

“The good news is that, as a result of the application of our Multi-Year, Income-Related Remuneration Improvement Model, this increased subsidy can be passed on to staff members in full,” said Mr Lourens Geyer, Director of Human Resources at the UFS.

“We are grateful that we can pass on this favourable salary adjustment to UFS staff members. This adjustment makes our remuneration packages more competitive with those of other universities, and also facilitates the retention of skilled personnel. We have experienced an exceptionally challenging and difficult 2008. For this reason, we are grateful that we are able to compensate staff members for their hard work and loyal support in a special way by granting this excellent salary adjustment,” said Prof. Teuns Verschoor, Acting Rector of the UFS.

The implementation date for the salary adjustment is 1 January 2009. The adjustment will be calculated on the total remuneration package.
 

Media Release
Issued by: Lacea Loader
                Assistant Director: Media Liaison
                Tel: 051 401 2584 
                Cell: 083 645 2454 
                E-mail: loaderl.stg@ufs.ac.za

11 December 2008

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