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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

One from UFS elected as Vice-President of ASAQS

2015-04-20

Stephen Ramabodu and Dr Marléne Campbell, Stephen’s promotor during his studies.
Photo: Leonie Bolleurs

The university is very proud of the election of Dr Stephan Ramabodu, from the Department of Quantity Surveying and Construction Management, as Vice-President and the chairman of the fees committee of the Association of South African Quantity Surveyors (ASAQS).

ASAQS aims to advance and promote the science and practice of quantity surveying, uphold the dignity of the quantity surveying profession, and promote the high standards of professional competence and integrity, among other things. Members of the ASAQS receive guidance and resources to succeed in quantity surveying, and to stay abreast of developments in the built environment today and in the future.

The ASAQS also provides an environment in which professionals may learn, grow, and work together to advance the techniques and science of quantity surveying. The ASAQS include quantity surveying professionals from every area of the construction industry, from private practice, government and quasi-government organisations to construction companies.

Stephan completed his quantity surveying (QS) degree as well as a master’s degree in Land and Property Management at the University of the Free State. In 2014, he completed his PhD, making him the first black South African PhD holder in the Department and one of the few QS PhD holders nationwide.

In 2002, Stephen was appointed as a lecturer in the Department of Quantity Surveying and Construction Management under a programme called Grow Your Own Timber. He went to gain some commercial experience in Cape Town, where he worked for Davis Langdon. In 2008, he came back to the Free State, where he established Ramabodu & Associates Later that year, he returned to the university as a lecturer to complete all the remaining milestones of the Grow Your Own Timber programme.

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