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UFS Achieves Double Honours at Inaugural Chartered Global Management Accounting (CGMA) Professional Awards Africa

31 January 2024 | Story Anthony Mthembu | Photo Supplied

Michelle de Lange — Michelle De Lange: The winner of the ‘Elite University Educator’ award announced at the first AICPA & CIMA CGMA Professional Awards Africa ceremony.

The University of the Free State (UFS) has proudly clinched two prestigious awards at the inaugural Chartered Global Management Accountant (CGMA) Leadership Award ceremony. Organised by the Association of International Certified Professional Accountants, comprising AICPA and CIMA, this event recognises the outstanding contributions to the finance and accounting industry on the continent.

Top university accolade

UFS secured the coveted CGMA Leadership Award for ‘Excellent University Partner (Top 10 in Africa).’ This accolade underscores the institution's commitment to advancing the finance and accounting sector. The presentation took place at the awards ceremony held in Johannesburg on 24 November 2023, marking a significant achievement for the UFS.

Prof Frans Prinsloo, Vice-Dean of Learning, Teaching, Innovation, and Digitalisation in the Economic and Management Sciences (EMS) Faculty at the UFS, views the award as a testament to the alignment of the academic programmes with the standards of leading professional accountancy bodies in South Africa, including the Chartered Institute of Management Accountants (CIMA).

Prinsloo stated, “We have worked diligently to align our academic programmes with the requirements of key potential professional bodies, positioning ourselves as an educator of choice. This recognition, alongside our other accreditations, confirms our success in achieving this goal.”

A global educator recognised

Further enhancing the UFS’s recognition, Michelle de Lange, Lecturer in the School of Accountancy and Programme Coordinator of the B.Com Honours in Management Accounting, received the ‘Elite University Educator of the Year Award’ in the CGMA Leadership Award category. Nominated by her students and colleagues, De Lange expressed her honour and surprise at winning, highlighting her commitment to delivering valuable content to her students.

De Lange shared her perspective, stating, “To compete against phenomenal educators was a privilege, and winning signifies that my efforts are making a positive impact on students and colleagues alike.”

According to Prinsloo and De Lange, these accolades affirm the institution’s dedication to producing top-class accountancy and finance graduates.

News Archive

Deputy Governor of SA Reserve Bank inspires students

2016-08-19

Description: Deputy Governor of SA Reserve Bank Tags: Deputy Governor of SA Reserve Bank

Dr Lyndon du Plessis, Head of Department of Public
Administration and Management, Francois Groepe,
Deputy Governor of the South African Reserve Bank,
Prof Philippe Burger, Head of the
Department of Economics and B.Com Hons student,
Mosoeu Mabote.
Photo: Siobhan Canavan

Students from the Faculty of Economic and Management Sciences had the opportunity to learn from the best in the field when the Deputy Governor of the South African Reserve Bank, Francois Groepe, presented a seminar on the changing roles of central banks.

According to Groepe, we are currently living in challenging times as central banks are called on to do more.

“Central banks have limits, and these limits are not always understood,” he said on 11 August 2016 in the Equitas Auditorium on the Bloemfontein Campus.

How central banks contribute to inflation

There are two main generally-expected roles from central banks: the obvious one of providing bank notes and coins, and the other, maintaining price stability.

According to Groepe, the aim of keeping prices stable is to ensure easier planning for the future, and to assist the poor.

“The poor are the ones more vulnerable to higher inflation because they hardly have enough to get by,” he said.

A negative impact on monetary policies could affect the economy negatively. This is as a result of higher inflation caused by the increase in food prices.

Furthermore, the 12% government debt renders a negative yield in the economy.

The stability of finances in South Africa

Financial stability is not an end in itself, but, like price stability, is generally regarded as an important precondition for sustainable economic growth, development, and employment creation.

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