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29 August 2019 | Story Valentino Ndaba
Michelle de Lange
Michelle de Lange was placed fourth in the world in the Chartered Global Management Accountant exams.
A letter from the Vice-President of Examinations at the Association for International Certified Professional Accountants, Stephen Flatman, reads: “The Chartered Global Management Accountant (CGMA) Examination Board has determined the highest achievers at this level and I am pleased to inform you that you have obtained fourth position in the world for the May 2019 Chartered Institute of Management Accountants (CIMA) Gateway Exam.” The letter was addressed to Michelle de Lange, lecturer at the University of the Free State’s (UFS) School of Accountancy.

This achievement in the tough Chartered Institute of Management Accountants (CIMA) examination is a step in the right direction for De Lange who has been tasked with assisting in coordinating and presenting a new Financial Management qualification next year. “I want to be somewhere where I can make a difference, change a life, plant a dream in someone’s heart and help guide our future generations,” says De Lange. 

Taking local and global footsteps

Prof Frans Prinsloo, Director at the UFS School of Accountancy, has only praise for De Lange and says he looks forward to her influencing the climate and culture of academics. “It is noteworthy that we will be offering the BCom Honours in Financial Management in 2020 and all course content will be aligned to the CIMA Management Level outcomes in order to prepare students to write this exam next November. De Lange will be one of the lecturers on this programme,” Prof Prinsloo says. 

For the love of Accounting

“When I eventually qualified and started working as a financial manager of a large company in Bloemfontein, I realised just how much I loved the field of management accounting – blending leadership, cost and management accounting and strategic decision-making,” says De Lange. 
Although her passion for the field of accounting can be traced back to high school, it was the corporate world that re-ignited the strong spark. This passion has undoubtedly contributed to her international acclaim.

News Archive

Cornell academic focuses on international trade in inaugural lecture at the UFS
2013-11-12

 
Prof Muna Ndulo
Photo: Stephen Collett
12 November 2013

Prof Muna Ndulo, Professor at the Cornell Law School, delivered his inaugural lecture as Extraordinary Professor in the Department of Mercantile Law at the University of the Free State (UFS). The topic of his lecture was: Facilitating regional and world trade through international trade.

With this topic, Prof Ndulo said that trade is a recognised contributor to the Growth Domestic Product of countries and its role can be used to reduce global poverty and inequality. “Although Africa’s GDP is 5-6% on average, with a positive increase in direct foreign investments, its meaningful participation in world trade has been decimal,” he said.

Trade between African countries is 12%, which is the lowest in the world. This is in comparison to intercontinental trade in European states (72%), North America (48%), Asia (52%) and 26% in Latin America. The EU and USA are Africa’s key export markets. High transport costs, import substitution, intra-regional transactions, conflict of rules and bills of exchange remain as challenges. There are also no common standards with regards to the development of manpower as an important factor in production.

Prof Ndulo suggested solutions which Africa can use to achieve harmonisation. This includes the introduction of normative rules designed in a framework of a treaty. A modern law approach could be used to develop legislation and ensure uniformity; and lastly, the formulation of commercial customs and practice. “Harmonisation demands a high level of expertise and quality research,” said Prof Ndulo.

He added: “When legislation is developed, it must resemble the needs of our trade laws in order to maximise benefits.”

He concluded that, for harmonisation to be achieved, the political environment must play a major role in regional and world trade.

Prof Elizabeth Snyman-Van Deventer, Head of the Department of Mercantile Law, made sincere closing remarks on how much we as a continent have become an enemy of our own self by not having trade relationships among ourselves as Africans. Prof Snyman urged those in the legal fraternity to be part of the harmonisation of trade laws and eliminate the barriers by improving legislation.

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