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UFS School of Accountancy pass rate trumps SAICA national average

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 cancels lease contract with House Abraham Fischer Company

2015-01-23

UFS cancels lease contract with House Abraham Fischer Company

The management of the University of the Free State (UFS) terminated the lease contract with the House Abraham Fischer company (HAF) on the Bloemfontein Campus during December 2014.

The HAF company has been managing the Abraham Fischer men’s residence as independent provider of student accommodation on the campus for a considerable time.

The decision to terminate the lease contract was taken because the company was unable to meet its financial obligations of more than R700 000 in overdue rent to the university for quite some time. Over the past few years, the management of the UFS had several discussions with the board on this matter. HAF’s inability to make payment has obliged the university to intervene in order to ensure that services to residents of the residence would be continued uninterrupted.

The termination of the lease contract means that the Department of Housing and Residence Affairs at the UFS will be taking over the management and finances of the residence, and will also be handling the placement of students in the residence from now on. The takeover is effective as from 1 January 2015.

The UFS informed senior and first-year students of the change in management on Friday 23 January 2015.

Students’ accommodation in the residence is in no way affected by the change in management.

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