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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 cancels lease contract with House Abraham Fischer Company
2015-01-23

UFS cancels lease contract with House Abraham Fischer Company

The management of the University of the Free State (UFS) terminated the lease contract with the House Abraham Fischer company (HAF) on the Bloemfontein Campus during December 2014.

The HAF company has been managing the Abraham Fischer men’s residence as independent provider of student accommodation on the campus for a considerable time.

The decision to terminate the lease contract was taken because the company was unable to meet its financial obligations of more than R700 000 in overdue rent to the university for quite some time. Over the past few years, the management of the UFS had several discussions with the board on this matter. HAF’s inability to make payment has obliged the university to intervene in order to ensure that services to residents of the residence would be continued uninterrupted. 

The termination of the lease contract means that the Department of Housing and Residence Affairs at the UFS will be taking over the management and finances of the residence, and will also be handling the placement of students in the residence from now on. The takeover is effective as from 1 January 2015.

The UFS informed senior and first-year students of the change in management on Friday 23 January 2015.

Students’ accommodation in the residence is in no way affected by the change in management.

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