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05 May 2022 | Story Leonie Bolleurs
Prof Prinsloo and Minee van den Berg
Prof Frans Prinsloo and Mineé van den Berg. Prof Prinsloo believes the performance of the UFS graduates in the ITC examination confirms the quality of the Chartered Accountancy academic programme offered by the university.

The BAcc Honours and PGDip (Chartered Accountancy) graduates (2021) from the School of Accountancy at the University of the Free State (UFS) excelled in the latest Initial Test of Competence (ITC) examination of the South African Institute of Chartered Accountants (SAICA).

It was with great excitement that the school received the results that were released by SAICA. UFS graduates had an overall pass rate of 76% in this examination, comparing favourably to the national overall pass rate of 59%. 

Resilience and perseverance

“We are very proud of what our 2021 graduates have achieved. They excelled despite the very challenging circumstances of the emergency remote teaching environment in 2020 and 2021, and this outcome is proof of their hard work,” says Prof Frans Prinsloo, Director of the School of Accountancy.

He adds: “The performance of the UFS graduates in the ITC examination confirms the quality of the Chartered Accountancy academic programme offered by the UFS, as well as the strength of the learning and teaching model that is adopted by the school – which aims to add significant value in the development of Accountancy students’ knowledge and skills towards their qualifying as accountancy professionals. Moreover, these results are testament to the resilience and perseverance of our Accountancy students and the dedication of the staff of the School of Accountancy.”

What made the results announcement extra special is that two UFS graduates from the class of 2021, Lindi van Eyk and Mineé van den Berg, passed this challenging examination with distinction, ruling them as part of the elite group of 29 candidates nationally who passed with distinction – from 2 946 candidates who wrote this examination in January 2022.

Making a difference

Van den Berg, who was named the best honours student in the Faculty of Economic and Management Sciences, also obtained her honours degree with distinction. She received the degree during the recent April graduation ceremonies.

“It is an honour to be able to use and invest in God-given abilities and opportunities. I believe that consistency, a set routine, and faith made it possible to be successful in the exam.”

“My results in the ITC exam assured me that I have the ability to successfully become a chartered accountant,” says Van den Berg, who is currently doing her internship with PricewaterhouseCoopers (PwC) in Stellenbosch. She is hoping to complete her articles and pass the second qualifying exam to become a chartered accountant (SA), working both locally and internationally. From a young age, she enjoyed numbers and later found accounting to be the most suitable career field to live out her passion. “I believe that I can make a difference by working in an environment I enjoy,” she says. 

Hard work and consistency

‘Consistency’. This is the one word that Van Eyk uses to describe the reason for her success in the ITC exams. “From my first year studying BAcc, I was upskilling myself with the necessary business and global acumen. Following the advice of the lecturers, who do their best to prepare us to become professionals, consistent hard work is what made it possible for me to pass the exam with distinction.”

Van Eyk, who also passed her honours degree at the UFS with distinction, is currently employed by PwC in Midrand. She is still considering her options after qualification as a chartered accountant (SA), but she believes that her career opportunities will be endless.

Goal-driven and excited by the prospects of learning new things, Van Eyk also strives to be an inspiration to those who want to pursue studies in the field of CA(SA). She believes by persevering and not giving up on this long and hard journey, she will become the person that the world needs.

Prof Prinsloo also congratulated the other 53 UFS graduates who passed the January 2022 ITC examination, including a group of seven SAICA academic trainees who are currently completing the first year of their three-year training contract in the School of Accountancy.

News Archive

When entrepreneurship meets industrial innovation
2014-12-13

Johan Eksteen (Photo: Supplied)

Internationally acclaimed Argicon Pelleting is a worldwide supplier of pelleting machinery and equipment as well as agri-processing factories. The company was established in 1993 by André and Johan Eksteen, UFS 2004 MBA graduate. After taking over sole ownership, the company grew from a one-man business to an internationally respected specialist in the design and manufacturing of pelleting solutions for the agricultural industry.

A common practice in industrial procedures, pelleting involves processing material into small dry pellets. This is used globally by manufacturers of animal feed or recycling facilities that specialise in processing materials for reuse. This process, however, can only be successfully accomplished with specialised equipment, namely a pelletizer. With fifteen years’ experience in agriculture, and international exposure in countries such as Uganda, Australia, Singapore and New Caledonia, this was not a tall order for Johan.

Agricon focuses on consistently developing innovative ways to add value to its offering. The business has successfully installed pelleting equipment for a range of products, including tobacco dust, rooibos tea, human sludge waste, organic fertilizers and vermi-compost. In addition to the manufacturing of machines and equipment, the company also provides training and on-site installation for clients, as well as support following a sale or the provision of spare parts. The company also provides advice on new product developments and business opportunities for clients within the sector.

Apart from doubling its sales between 2013 and 2014, the company gained great recognition within the industry. Johan was awarded the University of the Free State Business School’s Entrepreneur award in 2013 and he is the first-prize winner of the ILO Free State EnterPRIZE Job Creation Challenge for 2014. He is currently one of 15 finalists countrywide in the Entrepreneur of the Year competition sponsored by Business Partners and Sanlam. Johan is the mentor and stand-in manager for Almenta, a skills development company (winner of the ILO Best Social Entrepreneur for Skills Development award) and Equus Groom School (winner of the ILO Social Entrepreneur in Youth Development award).

Johan was also announced as the winner of the SA entrepreneur of the year for small businesses.

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