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12 June 2024 | Story Lunga Luthuli | Photo supplied

Richard Molefe, a final-year BCom Investment Management and Banking student at the University of the Free State (UFS), was recently elected uncontested as the National Chairperson of the Black Management Forum (BMF) National Student Chapter. The BMF aims to empower managerial leadership among black individuals in South Africa. Molefe's election signifies a step towards inclusive leadership structures that reflect wider societal values.

In an exclusive interview, Molefe shares his vision for youth empowerment and his plans for the Student Chapter's endeavours.


“The Black Management Forum’s programmes of development and advancement of managerial leadership and socio-economic transformation have exposed me to leadership opportunities that enhance my potential and aspirations. The opportunity is an indication that I have done something right, but I must constantly remind myself that I have not arrived,” said Molefe.

In his one-year term of office, Molefe wants to ensure that national structures of the Student Chapter exist and are functional, key pillars – promoting leadership, managerial leadership development skills, and entrepreneurial skills development in higher education institutions.


News Archive

BAccHons students achieve A+ rating in ITC exams
2017-09-07

Description: Accounting staff Tags: accounting, examinations, Thuthuka bursary, South African Institute of Chartered Accountants, Initial Test of Competence 

The lecturers of the 2016 BAccHons class: Liesel Botha,
Prof Alta Koekemoer, Prof Cobus Rossouw, Mr Kobus Swanepoel,
Dr Cornelie Crous, Prof Hentie van Wyk, and Mr Shaun Watson.
Photo: Supplied

 


The 2016 BAccHons students in the School of Accountancy at the University of the Free State achieved a 96% pass rate in the 2017 Initial Test of Competence (ITC) examinations of the South African Institute of Chartered Accountants (SAICA). The ITC examinations took place in January and June, and of the 49 students that partook in the examinations, 47 passed.

Prof Hentie van Wyk, Programme Director of the School of Accountancy, said with these results, the School of Accountancy ranks among the top accountancy institutions in South Africa. “The UFS is one of 14 accredited universities offering the SAICA-accredited programme,” he said.

New teaching model a success

A new teaching and learning module, which was introduced by the School of Accountancy in 2013, seemed to have fuelled the success of the students, as it is now more learner-centred and introduced more structured support to students.  

The same strategies will be followed for the current 2017 intake. “We achieved an average pass rate of 84.8% over the past five years and if we can build on that, it will be an achievement of note,” says Prof Van Wyk. However, students should understand that much of these achievements are in their own hands.  “After leaving the UFS, they must continue with the preparations for the ITC examinations in order to guarantee their success. The ball is actually in the students’ court,” he said.

Of the African students, 91% were successful in the national examinations, while 100% of the Thuthuka bursary students passed. The average pass rate for the past five years is as follows:

2016     96%
2015     72%
2014     80%
2013     84%
2012     92%.

 

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