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17 July 2019 | Story Valentino Ndaba
Prof Dave Lubbe
Winner of the Southern African Accounting Association Lifetime Achievement Award, Prof Dave Lubbe, has lived a life full of achievements.

The highest body of professional academic accountants in the country, the Southern African Accounting Association (SAAA), recently honoured Prof Dave Lubbe with the prestigious Lifetime Achievement Award at a gala dinner at Emperors Palace in Johannesburg. Prof Lubbe is a Research Associate and an Emeritus Professor at the School of Accountancy at the University of the Free State (UFS).

The SAAA honoured him “for his distinguished service and valuable contribution to accounting education in South Africa”. He was recognised for his contributions to audit committees in the private and public sectors, environmental accounting and auditing, the philosophy of auditing, audit risk and the expectation gap between the audit profession and users of financial information. 
     
A friend of firsts

Prof Lubbe was the first person to attain a doctorate in Auditing in South Africa, the first to author an Afrikaans auditing handbook, the first South African recipient of the Ernst & Young Outstanding Accounting Research Award in 2002 and the first Chartered Accountant to be awarded the Stals Prize for Economic and Management Sciences by the South African Academy for Science and Arts in 2007.  

His astounding track record also earned him the university’s 2018 Executive Management Award at the 36th Chancellor’s Distinguished Alumni Awards. Not only is he a former master’s student at the university, but he also went on to serve as a senior lecturer for 41 years.

Called to serve

In his lifetime, Prof Lubbe has answered the call to serve as a management consultant, committee member, a forensic accountant, and an assessor to high court fraud cases. 

Beyond the field of accounting
 

His achievements span beyond the accounting field. Not only has Prof Lubbe completed all of South Africa’s well-known ultramarathons, he holds a black belt in karate. His love for art on the other hand, has seen him win national poetry competitions and establishing himself as a lyricist.

News Archive

How to interpret Centlec’s load shedding
2008-01-31

Everyone in South Africa is affected by power failures (load shedding). Centlec took certain measures to manage the situation. These measures are explained:

Time slots
See the following table for an indication of times when load shedding might be applied to specific areas:  http://www.centlec.co.za/power_shed/PDF/time_slots.pdf

Groups
The city was divided into six groups. This document clearly indicates which area in the city resorts under which group: http://www.centlec.co.za/power_shed/PDF/groups.pdf

According to the document, the university resorts under group 4. In the table with time slots it is the grey area.

Stages
Eskom developed three stages for load shedding. (See stage table at the bottom of the page http://www.centlec.co.za/power_shed/PDF/time_slots.pdf)
- Stage 1: Less load shedding is applied in stage 1. E.g. the UFS resorts in group 4 and on a Monday, according to stage 1, the power will not be switched off during 12:00 and 14:30 (this time slot is not highlighted in orange).
- Stage 2: More load shedding is applied in stage 2. Load shedding will be applied during stage 2 between 12:00 and 14:30 on a Monday at the UFS.
- Stage 3: All time slots are highlighted in orange, which indicates that power will be switched off for the whole duration of stage 3.

Example
Today, Tuesday, load shedding was scheduled to take place from 10:00 to 12:00 at the UFS. Currently, according to Centlec’s web site, stage 1 is active. This time slot is not marked in stage 1, therefore load shedding is not applied. Centlec gives also additional information; “No load shedding in progress.”

Keep in mind that if an area is at risk it does not automatically imply that the power will be switched off. It all depends on the request from Eskom at that particular moment whether the actual shedding is required.
 

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