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01 August 2023 | Story Kekeletso Takang | Photo Supplied
Business Acumen 2023
Students engaged experts on the accountancy profession at the recent Business Acumen Day hosted by the UFS School of Accountancy.

The University of the Free State (UFS) School of Accountancy held its second Business Acumen Day on Wednesday 19 July 2023 in the Callie Human Centre on its Bloemfontein Campus.

The morning saw approximately 650 students fill the centre, eager to listen to the accountancy experts who attended.   

“Central to the success of an accountant are values that guide one’s professional behaviour. Values of patience, respect for oneself and others, ethical behaviour, and having the right mindset,” Conrad de Wee, Chairman of the South African Institute of Chartered Accountants (SAICA) Central Region Council and Senior Manager at auditing firm Mazars, told the attendees. De Wee also shared the story of Dion Shango and his journey towards becoming the first black executive to be appointed CEO of PwC Southern Africa, at age 39.

Patricia Stock, audit partner and CEO of auditing firm MGI RAS and former SAICA board member, said she lives by the motto “Grow as I grow” and believes that, “The place you come from does not make you; it’s the choices you make that make you.” Stock described attending the event as a “privilege” and encouraged students by sharing her own journey. “You have given us an ear. You have given us the power to speak over your lives. We are here to plant a seed, sharing nuggets of wisdom… Do away with limiting beliefs and rather embrace diversity. The workplace needs diverse professionals who bring diverse ideas.”

Professor Bernard Agulhas, former CEO of the Independent Regulatory Board for Auditors and currently Adjunct Professor of Auditing at the UFS, said that auditors are in the right place to shine a light on irregularities, and if they don’t, one questions if they are complicit. He also discussed the required behavioural competencies of accountancy professionals and auditors. “We should go back to the basics. I would like to tell you about those basics. Focus on the principles that guide auditors when you go into the profession… Accounting professionals should be professional, independent, accountable, courageous, serve the public, and maintain trust.” 

Prof Agulhas urged students to uphold these principles at every step of their career journey. 

Rob Rose, Financial Mail Editor and author of Steinheist, alluded to the financial scandals of the past decade. Rose, who has written about governance and the grey area that exists between what companies say and what they do, contributed to exposing, among others, the Steinhoff scandal. “With Steinhoff, the red flags were there. There were tons of red flags all along. Why did the board of directors, partners, and investors miss them?” When asked by a student if there was a link between the past decade and the former governance of South Africa, Rose responded, “Yes, there definitely is a link. During that governance, there was a culture of permissibility. Plenty of grey area. There was an ethical slippery slope that didn’t hold individuals accountable.”

Prof Frans Prinsloo, Director of the UFS School of Accountancy, noted that the Business Acumen Day had addressed important professional values, attitudes, and skills that aspiring accountancy professionals need to be effective in the workplace. He also encouraged students to learn from the mistakes of the past, not to repeat them once they enter the profession, and thanked sponsor Standard Bank for investing in future leaders and helping to ensure the event’s success.  

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Golden Key International Honour Society swells it ranks with Kovsie students
2013-08-28

 

Golden Key honorary member, Prof Pumla Gobodo-Madikizela, with Stefan Gericke, Chapter Relations Officer of Golden Key International Honour Society.
Photo: Sonia Small
28 August 2013

Kovsie students continue to swell the ranks of the world’s biggest academic honour society, the Golden Key International Honour Society, with more than 500 students from the university becoming new members.

The UFS chapter of the society – who only welcomes the top 15% of academic students at the university – inducted the new members at a ceremony held on Saturday 24 August 2013 on the Bloemfontein Campus.

In addition, the organisation also pays recognition to those who act as role models to these students. Thus, the organisation also inducted Profs Odireleng Ntwaeaborwa, Dave Lubbe, Dennis Francis, Pumla Gobodo-Madikizela and executive chairperson of Richmark, Gavin Varejes as honorary members.

Prof Dave Lubbe delivered the keynote speech entitled “From intellectual leader to real leader – few ideas”, structuring his talk around five key points: wisdom, basics, over specialization, ethnical leadership and courage.

“The society aims to make students realise their potential and create a network for excelling students,” said Mbavhalelo Rammbwa; Golden Key UFS Chapter president.

Parents from as far as Limpopo came to show appreciation for their children’s dedication to their studies. “I am really happy not only for my daughter, but for every single student who has been inaugurated to the society this morning for their discipline, hard work and the dedication they show their studies. I thank Prof Jonathan Jansen, the lectures and academics for inspiring our children to study and make the most of the opportunity which we didn’t have,” said Mpho Mohoje, a parent of one of the students at the induction.

Another feather in the university's cap is the fact that UFS registrar, Dr Derek Swemmer is not only co-advisor of the chapter, but also the chairperson of the society’s international governing body.

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