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21 June 2019 | Story Valentino Ndaba | Photo Ernst & Young
UFS Accounting Students win EY Project Alpha
At the Ernst & Young Project Alpha 2019 Awards, some of the members of the winning team, from left: Kyle du Bruyn, Luke Rhode, Janri du Toit, Nicolaas van Zyl, Mojalefa Mosala (Business Ethics Lecturer), Bianca Malan, Lorandi Koegelenberg and Frans Benecke.

A few years ago the news was saturated with Volkswagen’s (VW) fuel emission scandal. “Dieselgate”. Investigations in the US found the German automaker guilty of programming computers in their diesel cars to alter its engine operations to seemingly meet legal emission standards.

A question of ethics

A notice of violation of the Clean Air Act issued by the US Environmental Protection Agency had dire consequences for the automobile company, but positive implications for the economy and the environment. As part of a lawsuit settlement, vehicles were recalled, fines were paid, and approximately 21 million affected vehicles with VW diesel engines were refitted by September 2015.

Project Alpha tackles ethical issues

A group of eight students from the University of the Free State (UFS) presented their case study of “Dieselgate” to a panel of judges in this year’s Ernst & Young Project Alpha competition. They emerged as the ultimate winners.

The “Hoaxwagen” group’s 10-minute video demonstrated “a critical assessment of a multidimensional matter”   captivating the judges. “I was impressed, because their presentation addressed other skills such as the ability to present, communicate, come out of their comfort zone and be innovative, while at the same time addressing an ethical issue,” said Mojalefa Mosala, a judge and Business Ethics lecturer at the UFS.

Centred on critical thinking

The UFS is the first university outside of Johannesburg that participated in the Project Alpha contest. Ernst & Young and the UFS have forged a strong relationship over the past few years, giving students a glimpse into the corporate world of accounting. 

“Project Alpha encourages critical thinking and not taking things at face value, by looking a bit deeper, spending time to understand the pros and cons of any situation in order to make an informed decision,” said Frans Benecke, member. of the winning team that prevailed over 82 others. Benecke’s team walked away with R2000 shopping vouchers and a life-long learning experience.

Engaging in global conversations 

Participation in the competition gave students the opportunity to be exposed to contemporary global thinking, which is strongly advocated in the UFS’s Integrated Transformation Plan.


UFS Accounting students win 2019 Ernst & Young Project Alpha competition from University of the Free State on Vimeo.

News Archive

UFS presents Trust and Estate Planning Seminar
2010-10-04

At the seminar were, from the left: Mr James Faber, Centre for Planning Law; Mr Marius Botha, independent trainer in Financial Planning; Willie van der Westhuizen, Trust and Estate specialist, Millers Attorneys; Mr Louis van Vuren from B.O.E.; Ms Shirly Hyland, Centre for Financial Planning Law; Mr Kenneth Mould, Centre for Estate Planning Law; and Dr Bradley Smith, Department of Private Law.
 
The Centre for Estate Planning Law, in collaboration with the Centre for Financial Planning Law at the University of the Free State (UFS), recently presented their second Trust and Estate Planning Seminar.

This seminar was presented with the aim to convey new developments in the area of the law of succession, trust law and estate law in a practical manner to the public, as well as do research about relevant aspects of these disciplines. Prof. Willie van der Westhuizen, Trust and Estate specialist from Millers Attorneys was a speaker at the event and he discussed the topic, “Are trusts still useful and can it work for the advisor?”

Mr Marius Botha, independent trainer in Financial Planning, did a presentation on “The effect of abolishment of estate duty on financial planning needs”. Mr Louis van Vuren from BoE, main sponsor of the seminar, ended the afternoon with the topic “A gentle reminder of the general pitfalls in estate planning, will-drafting, estate and trust administration”.

Planning for next year’s Trust and Estate Law Colloquium, as well as has Prof. Willie van der Westhuizen’s annual Trust Law Seminar, has already started.

The seminar was attended by 90 financial planners and practising attorneys.

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