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06 April 2020 | Story Nitha Ramnath | Photo Sonia Small
Students on Campus
UFS accounting students are flying the Kovsie flag high.

The School of Accountancy is proud to announce that 55 (74%) of the 2019 graduates for the BAcc Honours and Postgraduate Diploma in Chartered Accountancy programmes have passed the Initial Test of Competence (ITC) examination for the Chartered Accountant (SA) designation, compared to the national average of 68% for first-time candidates.

The results were recently released by the South African Institute of Chartered Accountants (SAICA). The ITC examination is the first of two professional examinations required for qualification as a chartered accountant (SA), and is written shortly after completing formal university studies, with two sittings of this examination annually, i.e. in January and June.

Of the 2019 Thuthuka Bursary Programme, seven out of eight graduates passed, translating into an 88% pass rate for this group.

Prof Frans Prinsloo, Director of the School of Accountancy, said: “I am pleased to report that these results confirm the quality and excellence of our CA programmes – a point repeatedly noted by the SAICA monitoring team during their formal feedback session last week.  These results are also testament to the hard work and dedication of the academic staff in the school.”

News Archive

UFS staff get salary adjustment of 8,5%
2010-11-03

The University of the Free State’s (UFS) management and trade unions have agreed on a general salary adjustment of 8,5% for 2011. The negotiating parties agreed that adjustments could vary proportionally from a minimum of 7,5% to a maximum of 9,5%, depending on the government subsidy and the model forecasts.

 The service benefits of staff will be adjusted to 10,66% for 2011. This is according to the estimated government subsidy that will be received in 2011.

 The agreement was signed on Friday, 29 October 2010 by representatives of the UFS Management and the trade unions UVPERSU and NEHAWU.

An additional once-off, non-pensionable bonus of R3 000 will also be paid to staff with their December 2010 salary payment. The bonus will be paid to all staff members who were in the employment of the university on UFS conditions of service on 31 December 2010 and who assumed duties before 1 October 2010. The bonus is payable in recognition of the role played by staff during the year to promote the UFS as a university of excellence and as confirmation of the role and effectiveness of the remuneration model.

 It is the intention to pass the maximum benefit possible on to staff without exceeding the limits of financial sustainability of the institution. For this reason, the negotiating parties reaffirmed their commitment to the Multiple-year, Income-related Remuneration Improvement Model used as a framework for negotiations. The model and its applications are unique and have as a point of departure that the UFS must be and remains financially sustainable.

Agreement was reached that 2% will be allocated for growth in capacity building to ensure that provision is made for the growth of the UFS over the last few years. A further 0,16% will be allocated to structural adjustments.

 The implementation date for the salary adjustment is 1 January 2011. The adjustment will be calculated on the total remuneration package.

Prof. Johan Grobbelaar, Chairperson of the UVPERSU and NEHAWU mutual forum, is very pleased with the outcome and good spirit in which the negotiations, “that were concluded in a couple of hours”, took place. The 8,5% increase for 2011 means that for the past ten years the UFS staff has received a 38% increase above inflation in effect. 

 “Not only is this a major achievement in that the staff is much better off, but the salaries compare well with similar institutions in the country,” says Prof. Grobbelaar.

  It is also with nostalgia that the negotiations took place this year, because Prof. Grobbelaar and Prof. Niel Viljoen, Vice-Rector: Operations, both retire in 2011.  Prof. Viljoen was the chairperson of the UFS Council’s negotiation team for the past ten years.

  Media Release
 
Issued by: Lacea Loader
Director: Strategic Communication (actg)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za
  3 November 2010
 

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