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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

Financial planners graduate
2011-06-10

 
Adv. Wessel Oosthuizen, Director of the CFPL, and Gerhard Meyer, Chairperson of the Board of Directors, Financial Planning Institute of Southern Africa.
Photo: Stephen Collett

At this year’s graduation ceremony, the Centre for Financial Planning Law (CFPL) at our university awarded 377 diplomas (305 to students in the Postgraduate Diploma in Financial Planning, and 72 to students in the Advanced Postgraduate Diploma in Financial Planning).

Three students in the Advanced Postgraduate Diploma passed the diploma with distinction. They are David Grant, Stephen Grizic and Yashika Rambujan. Ruan Schroder, Daniel Venter and Adri Viljoen passed the Postgraduate Diploma with distinction. Adri Viljoen is also the overall top student in the Postgraduate Diploma, while David Grant is the overall top student in the Advanced Postgraduate Diploma.
 
During another highlight at this event, Adv. Wessel Oosthuizen, Director of the UFS’s CFPL, was awarded the Chairman's Award for outstanding lifetime contribution to the Financial Planning Industry. This award is made by the Chairman of the Board of Directors of the Financial Planning Institute of Southern Africa to a person who has made a significant and extraordinary contribution to the financial planning industry. As this is only the second year that the award is being made, it is an exceptional honour.
 
For five years, the UFS was the only institution to offer a full qualification in order to become a Certified Financial Planning Professional. The university is still the largest institution in this regard. The Centre for Financial Planning Law (CFPL) at the UFS is also the only institution in South Africa to offer the Advanced Postgraduate Diploma in Financial Planning Law, which is a purely specialisation diploma.
 
To date, the CFPL at our universityhas awarded 3 657 Postgraduate Diplomas and 659 Advanced Postgraduate Diploma in Financial Planning.

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