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05 July 2023 | Story Valentino Ndaba | Photo Photo: Supplied
Dr Prince Sarpong
Dr Prince Sarpong is a Senior Lecturer in the University of the Free State School of Financial Planning Law.

Dr Prince Sarpong, Senior Lecturer in the University of the Free State School of Financial Planning Law (SFPL), was recently honoured with the prestigious Association of Chartered Certified Accountants (ACCA) prize for Financial Management. The ACCA is a globally recognised professional body for accountants.

Reflecting on his journey, Dr Sarpong acknowledges the challenges he faced to become one of the top ACCA students in financial management. “I reregistered with ACCA in December last year after a long hiatus of 14 years. From my past experience, I was aware that it would not be a walk in the park, so I had to work hard; but in everything I focus on the accumulation of knowledge that comes with preparation, which I consider an end in itself! This made the journey enjoyable rather than difficult,” he shared.

A journey of academic excellence

In the course of his illustrious career, Dr Sarpong has earned numerous accolades. He holds a PhD, an MCom in Finance, a Postgraduate Diploma in Financial Planning, and a Bachelor of Education (Psychology). In 2020, he authored a book, titled Portfolio Management for Financial Advisors, and he is currently working as the editor of an upcoming book, titled Theories and Practices in Financial Therapy. Dr Sarpong's research primarily revolves around financial market behaviour, and he has published several papers in esteemed international peer-reviewed journals.

Words of wisdom for fellow academics

In light of his achievements, Dr Sarpong offers valuable advice to ACCA students facing difficulties with their papers. “If you are an ACCA student struggling with your papers, I would suggest that you develop a study plan and create a schedule that allows you to study consistently and in a structured manner. It is also important to break down the material into manageable sections and set deadlines for yourself to complete each section,” he advises.

As a committed academic, Dr Sarpong recognises the immense value of holding an ACCA qualification. He believes that it enhances his credibility and demonstrates to both his students and colleagues his profound understanding of accounting and finance concepts and principles. Furthermore, he emphasises that obtaining an ACCA qualification opens doors to new opportunities in teaching, research, and collaborative endeavours.

News Archive

Centre to enhance excellence in agriculture
2008-05-09

 

At the launch of the Centre for Excellence were, from the left, front: Ms Lesego Sejosengoe, Manager: Indigenous Food, Mangaung-University Community Partnership Project (MUCPP), Ms Kefuoe Mohapeloa, Deputy Director: national Department of Agriculture; back: Mr Garfield Whitebooi, Assistant Director: national Department of Agriculture, Dr Wimpie Nell, Director: Centre for Agricultural Management at the UFS, and Mr Petso Mokhatla, from the Centre for Agricultural Management and co-ordinator of the Excellence Model.
Photo: Leonie Bolleurs

UFS centre to enhance excellence in agriculture

The national Department of Agriculture (DoA) appointed the Centre for Agricultural Management within the Department of Agricultural Economics at the University of the Free State (UFS) as the centre of excellence to roll out the excellence model for small, medium and micro enterprises (SMME’s) for farmers in the Free State.

The centre was launched this week on the university’s Main Campus in Bloemfontein.

The excellence model, which is used worldwide, was adapted by the Department of Trade and Industry as an SMME Excellence Model. The DoA then adapted it for agricultural purposes.

“The excellence model aims to assist farmers in identifying gaps in business skills. These gaps will be addressed by means of short courses. It will help to close the gap between the 1st and 4th economy,” said Dr Wimpie Nell, Director of the Centre for Agricultural Management at the UFS.

The UFS – as co-ordinator of the SMME Excellence Model – the DoA, the private sector, municipalities, small enterprise development agencies, and non-governmental organisations will be working together to enhance excellence in agricultural businesses in the Free State.

The benefit of the model is that it changes the mindset of emerging farmers to see agriculture as a business and not as a way of living. Dr Nell said: “We also want to create a culture of competitiveness and sustainability amongst emerging farmers.”

“The Free State is the second province where the model has been implemented. Another four provinces will follow later this year. Altogether 23 officers from the DoA, NGO’s and private sector have already been trained as facilitators by the Centre of Excellence at the UFS,” said Dr Nell.

The facilitator training takes place during four contact sessions, which includes farm visits where facilitators get the opportunity to practically apply what they have learnt. On completion of the training facilitators use the excellence model to evaluate farming businesses and identify which skills (such as financial skills, entrepreneurship, etc.) the farmers need.

The co-ordinator from the Centre of Excellence, Mr Petso Mokhatla, will monitor the facilitators by visiting these farmers to establish the effectiveness of the implementation of the model. Facilitators must also report back to the centre on the progress of the farmers. This is an ongoing process where evaluation will be followed up by training and re-evaluation to ensure that successful establishment of emerging farmers has been achieved.

According to Ms Kefuoe Mohapeloa, Deputy Director from the national Department of Agriculture, one of the aims of government is to redistribute five million hectare of land (480 settled people per month) to previously disadvantaged individuals before 2010. The department also wants to increase black entrepreneurship in rural areas by 10% this year, increase food security by utilising scarce resources by 10%, and increase exports by black farmers by 10%.

“To fulfill these objectives it is very important for emerging farmers to get equipped with the necessary business skills. The UFS was a suitable candidate for this partnership because of its presence in the Accelerated and Shared Growth Initiative of South Africa (ASGISA). With the Jobs for Growth programme, ASGISA is an important extension to the Centre of Excellence and plays a major role in the implementation of the model to improve value-chain management,” said Ms Mohapeloa.

Twenty facilitators will receive training in June and another 20 in October this year. “The more facilitators we can train, the more farmers will benefit from the model,” said Dr Nell.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
8 May 2008

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