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UFS students ace SAICA exam

06 April 2023 | Story Kekeletso Takang | Photo Quinter Onyango

UFS Academic tutors — UFS academic trainees thrilled at passing the January 2023 ITC exam.

An important milestone in the journey to becoming a chartered accountant in South Africa begins with passing the Initial Test of Competence (ITC) examination of the South African Institute of Chartered Accountants (SAICA). The examination is written after obtaining an accredited postgraduate qualification in accountancy. This milestone was reached by virtually all (98%) BAccHons/PGDip (Chartered Accountancy) graduates from the class of 2022 at the University of the Free State (UFS). Results announced by SAICA on 31 March 2023 further indicate that UFS graduates obtained an overall pass rate of 93%, exceeding the national pass rate of 75%.

“These results confirm the ‘quality’ and ‘excellence’ of the Chartered Accountancy academic programme offered by the UFS and attest to the effectiveness of the learning and teaching approaches adopted by the School of Accountancy, and the commitment of the school’s staff to their students’ success,” said Prof Frans Prinsloo, Director of the School of Accountancy.

Voices of the future

Bakang Moraladi, an academic trainee in the School of Accountancy who took and passed the January 2023 ITC exam, believes the open-door policy followed by the academic staff made it possible for him to establish a support structure. “The staff in the UFS School of Accountancy really goes all out to ensure that what I regard as the toughest academic year (CTA/PGCA) goes smoothly. Despite very hectic schedules, staff in the School of Accountancy still find time to provide mentorship to students to ensure that they are equipped with the right knowledge and skills before sitting for the ITC. I had the privilege of having the Director of the School of Accountancy as a mentor. Although I had a mentor dedicated to me, the staff members in the School of Accountancy literally had their doors open to offer guidance whenever necessary,” he says.

Kyle Horak, a graduate of the class of 2022 and also an academic trainee in the School of Accountancy, attributes a big part of his success to the support provided by the academic staff. “I would not have been able to do it without the UFS. The support they provide is tremendous. At the beginning of the PGCA year, it feels as if the lecturers are ‘out to get you’ with all the submissions and the impossible tests, but as time goes on, you start to notice that there is method to the madness, and due to the work done by the lecturers, the ITC examination becomes manageable.” He passed the ITC exam with a final mark of more than 75%, making him part of a select group of only 65 candidates (from the more than 3 000 candidates who wrote the examination).

Other academic trainees employed by the School of Accountancy who passed this exam, are Courteney Crew, Phiwe Ndwebi, Somila Joka, Bokang Makatsa, Jubilee Mushonga, and Jeandre Strauss.

Integrated approach

The School of Accountancy attributes these results to a myriad of factors. For example, the school employs an award-winning learning and teaching approach that is student-centred, combining the efforts of academic and support staff to achieve student success. In addition, learner tracking and monitoring is facilitated through its Thuthuka and Intrabas units, in addition to peer-to-peer mentoring structures where students can learn from and support each other. While focus is placed on students’ academic performance, they are afforded a balanced approach that includes informal social events that assists in breaking down barriers between lecturers and students.

One such student who benefited from this teaching approach is Ruwardo Wemmert, a UFS graduate who was placed fourth in the January 2023 ITC exams of the Institute of Chartered Accountants of Namibia (ICAN), where the two UFS graduates from the class of 2022 who wrote the ICAN ITC examination, passed.

Journey to success

The ITC serves as the first of two SAICA qualifying examinations, assessing candidates’ technical competence acquired through the academic programme, by requiring the candidate to analyse and evaluate specific scenarios presented.

“Success in the ITC means I am only one more professional exam away from being a CA(SA). Over and above the support provided by the School of Accountancy team, Thuthuka supported me in every dimension. Next up for me is successfully completing my 3 600 hours of practical training and then obtaining that four-letter designation: CA(SA). I will be a change maker – I have a lot to give to society, and my goal is to be the ultimate difference maker.” These are the words of Somila Joka, one of the 2022 graduates and academic trainees in the School of Accountancy.

News Archive

Open Day attracts thousands

2012-05-02

Campus was abuzz with prospective students and their parents finding out what Kovsies has to offer.
Photo: Kaleidoscope Studios
1 May 2012

“It is easier to pass Grade 12 today because we don’t have a standard. However, at the University of the Free State, standards are important.”

This was Prof. Jonathan Jansen, Vice-Chancellor and Rector of the UFS’ message when he addressed a packed Callie Human Centre on the Bloemfontein Campus during this year’s Open Day.

“This university is the jewel of the country. Here at Kovsies we take academic standards seriously. You must know who you are in a place where academic standards are extremely important. Anyone can obtain a degree, but here you can get more than a degree. You get an education,” he said to the more than 5 000 learners and parents from across the country.

“It is not only important that you study here in South Africa, but also in other countries. That is why our students study all over the world. You must think out of your comfort zone, have a big heart, achieve great heights and show everyone that you are a Kovsie.

But, it is not all about studying – it is also about being human and reaching out to others. When you come to this university, you will also do other things that will make you proud of being a Kovsie.

Quality looks for quality. Therefore, work hard and study hard because you need to be at a good university,” he said.

The programme consisted of, among others, a spectacular laser show, a performance by Bobby van Jaarsveld and special messages from DW Bester and Sannah Mokone, Rhodes Scholars currently studying at Oxford University in the United Kingdom.

In a pre-recorded message DW, a Ph.D. student in Mathematical Statistics, encouraged prospective students to work hard and persevere. Sannah, doing a Master’s degree in African Studies, said she believes in the future of the African continent. “I believe in our future students and know you can make it.”

Prof. Jansen also introduced some of the university’s recent student achievers such as Jurie Swart, regional winner of the Corobrik Architectural Student of the Year Award; Farzana Samuel, named by the Association of South African Quantity Surveyors (ASAQS) as the most outstanding student in quantity surveying for 2012; and Sibusiso Tshabalala, one of Google’s Top 10 Young Minds.

Richard Chemaly, President of the Central Student Representative Council (CSRC), said that, by coming to Kovsies, prospective students would become the best person they can be. “We have over 70 student organisations to help you take part in student life activities. So, make use of these opportunities,” he said.

The programme concluded with an introduction to the seven faculties by the respective deans.

The estimated 7 000 prospective students and their parents also had the opportunity to visit faculties and the stalls of residences.

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