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UFS students attain a 94.7% pass rate in challenging SAICA exam

23 August 2019 | Story Valentino Ndaba

UFS Accountancy students — The UFS School of Accountancy is fast becoming one of the best in the country.

Becoming a Chartered Accountant (SA) entails successfully completing the rigorous education and training requirements set by the South African Institute of Chartered Accountants (SAICA). As part of these requirements, all prospective CAs are required to write SAICA’s challenging Initial Test of Competence (ITC). A total of 83 graduates from the University of the Free State (UFS) passed the 2019 ITC examinations, making the Kovsie community and School of Accountancy proud.

Prof Frans Prinsloo, the Director at the UFS School of Accountancy, applauded the successful graduates – of whom 39 are African, five coloured, one Indian, and 38 white. “More than 55% of our graduates who wrote the exam are black (African, coloured and Indian), demonstrating that our emphasis on building the pipeline of under-represented prospective Chartered Accountants (SA) is paying off in terms of both racial and gender inclusion.”

Rising above the ultimate test
SAICA released the results of the June 2019 ITC examination on Friday 16 August 2019. The ITC examination is the first of two professional examinations required for qualification as a Chartered Accountant (SA), and is written shortly after completion of formal university studies. There are two sittings of this examination annually, in January and June.

Compared to the national average pass rate of 75.4% for the 2019 ITC examinations, UFS BAcc Honours and Postgraduate Diploma in Chartered Accountancy graduates delivered a superior performance. The 94.7% pass show that our graduates are a force to be reckoned with.

Upping standards
More than 10 of the Thuthuka Bursary Programme graduates of 2018 who wrote the 2019 ITC examinations, passed, which translates into a 92% pass for this group. Such an achievement also confirms the success of the bursary programme ‘wraparound support’ interventions, by delivering results well in excess of the national average. These interventions also extend to the development of professional skills essential for the corporate world – thereby ensuring that these graduates are not only technically strong, but ‘work-ready’.

Best in the business of excellence
“These results place the UFS School of Accountancy amongst the best in the country in terms of Chartered Accountancy education, and is testament to the hard work of the academic staff and the quality of our CA programme,” says Prof Prinsloo.

News Archive

Young academics empowered in research environment

2009-05-05

Young academics who attended the workshop are, from the left, Mr Lehlohonolo Mathengtheng, Department of Medical Virology; Dr Annelize Venter, Research Directorate; Mr Ferdi van der Walt (Facilitator), University of Johannesburg; Ms Telishia Flusk, Research Directorate; and Mr Dirk Strydom, Department of Agricultural Economics.

The Research Capacity Development Office under the auspices of the Directorate for Research Development Office endeavours to empower young academics at the University with skills to enable them to be established within the competitive mainstream of research. The Office recently organised a series of thematic workshops aimed at assisting young academics to acquire the “know-how” in terms of developing and writing proposals including, writing for funding. Such strategic support has lead to the University recording an increase in funding from the Thuthuka Programme of the National Research Foundation over the past five years. Thuthuka grants are made available on a competitive basis where applications are subjected to a peer-review process. This suggests that the quality of applications from the University is of a high quality.

The recent thematic workshops were facilitated by Prof. L Lategan, Dean for Research at the Central University of Technology as well as Mr Ferdi van der Walt, from the Research Office at the University of Johannesburg.

Young academics who attended the workshop are, from the left, Mr Lehlohonolo Mathengtheng, Department of Medical Virology; Dr Annelize Venter, Research Directorate; Mr Ferdi van der Walt (Facilitator), University of Johannesburg; Ms Telishia Flusk, Research Directorate; and Mr Dirk Strydom, Department of Agricultural Economics.

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