FACE-Newsletter-V5-November-2012

Transcription

Finance and Investment
Accountancy
Commercial Accounting
Economics and Econometrics
November 2012
Volume 5
From the Editor
BE UNDEFINABLE
Formal learning, as we have experienced
it, appears to be driven by definitions and
principles. In virtually every discipline,
students are expected to learn definitions
of concepts. Then of course, the theories
and principles, which define the
relationship between concepts. Let us
not forget the patterns. We love patterns.
Patterns seem to lead to theories, principles
and rules, which in turn tend to structure
the way we think and behave. A student
in undergraduate economics is actually
required to learn the definition of scarcity.
Scarcity is something that is encountered
every day, yet a structured meaning is
provided in terms of demand, supply and
price movements. In accounting, students
are given definitions of assets and liabilities.
Even though they are fundamental to our
lives, carefully formulated definitions are
provided for assets and liabilities and how a
specific relationship between them results
in something referred to as net worth or
equity. In finance, students are provided
with formal definitions of risk and return,
elements basic to human behaviour.
It would be difficult to comprehend a
world without definitions and principles.
Yet, for much of our early childhood years,
learning was based simply on experience
as we engaged with nature and interacted
with one another. Learning was a natural
experience. As we encountered objects
and phenomena, we became acquainted
with them and were able to tell things
apart without any formal instruction. For
instance, take our early encounter with
something like water. It was not necessary
for us to know that it was constituted of two
parts of hydrogen and one part of oxygen.
But we could easily tell it apart from other
matter and grew to know and understand
its effects without any formal learning. Even
learning a language came naturally. We
are born with the instinct to learn through
a natural process of discovery. However,
the moment we started school, and thus
entered the world of formal education, we
were devoured by a system of definitions,
principles and rules.
Operating in an environment and engaging
with one another on matters that are
commonly understood is generally a
good thing. Clearly defined concepts and
principles would certainly enable good
and effective communication. However,
a problem arises when it becomes a way
of life. Everything starts getting defined,
including people – ourselves and others. We
are so afraid of uncertainty that we cling to
definitions, structures, set procedures and
processes. Why? Simply because so much
of our formal learning was definition-based
– Define this! Define that! Such learning
was never really an experience – a process
of discovery like our early childhood years.
Sad to say, but it seems as if schooling and
university education may have killed the
natural learning experience. It is no wonder
that we tend to be averse to change and
find it difficult to deal with the unexpected.
Nothing must dare disturb the routine.
Everything must always go according to
plan. All this, because we have limited our
learning experience to that of acquiring
definitions and principles, that relate to
“this and that”.
Now what is the consequence of that
limited learning experience? Simple –
limited expectations! Many years back, I
read in a book by the late Lyall Watson (if
my memory serves me correct): “Too often
we see what we expect to see, because
our view of this world is restricted by the
blinkers of our limited experience.” We
fail to see beyond our limited learning
experience. As a result, our general outlook
on life becomes limited. We love being
comfortable in a world of clearly defined
concepts, principles and rules; and to take
it even further – clearly defined people and
clearly defined relationships. Such a world
lulls us into a false sense of security. But we
University of Johannesburg, Faculty of Economic and Financial Sciences 011 559 2492
CONTENT
From the Editor
1
At the coalFACE
3
Out of the FACE
12
InterFACE
15
The FACE Room
21
Below the surFACE
23
Fancy FACE
30
EDITORS:
Prof S. Chetty
Ms J. Bence
2
love it. We loathe change and are terrified
of the unknown.
We start putting ourselves into little boxes
and try to live up to the expectations of
others. We in turn put others in a box and
see or measure them in terms of our own
expectations. We stereotype and that’s
the name of the game. We pigeonhole
each other according to predetermined
definitions. Essentially, we define ourselves
and others; and that is it. That is how we
learnt: Define this! Define that! Moreover,
the definitions are already there for the
picking. Use them. To do otherwise would
threaten one’s long-established beliefs
and customs. We have learned that it
is important to slot in – to fit in. Don’t
be an outlier. The outcome: we allow
ourselves to be typecast in terms of
some predetermined definition. We allow
ourselves to be definable.
Now do not for one moment think that
I am advocating radicalism. I am not
suggesting that one should abandon
rules and customs. I am simply proposing
that we do not become anchored (stuck)
in predetermined practices. Learning
must be an experience that goes beyond
the classroom, beyond the textbook and
beyond the lecturer’s slides. Students
should not allow themselves to be
anchored by definitions. They will end
up running on the spot (a lot of work but
going nowhere). More seriously, they will
end up seeking definitions for themselves
and others. Why? That is how they learnt
– Define this! Define that! One should not
allow oneself to be typecast in terms of a
predetermined mould. It is time to break
the mould and become undefinable.
Upon completion of their first degree/
diploma, students will enter a new world
of constraints and opportunities. Many
will enter the job market. Some will pursue
higher degree studies. Will they merely slot
in, and become self-fulfilling expectations?
On their first day of work, are they going to
take their textbooks with them? Will they
be at a loss and wonder what their years of
schooling and university education taught
them? Will they like Paul Simon in one of
his songs say: “When I think back on all the
crap I learned in high school, it’s a wonder I
can think at all...” They may once again be
thrown into a world of self-discovery and
their natural instinct to learn may hopefully
be re-activated.
I want to, once again, emphasise that I am
not knocking schooling and university
education. Many fundamental skills are
indeed acquired through the existing
system that ought to carry one a long
way. However, educators and students
should be ever-cognisant of the learning
environment, and reflect on the formal
learning experience. It should be realised
that it is not what one learns that matters;
it is how one learns it. In other words, it is
the learning experience that counts, one
that embraces the art of learning to learn.
And if that experience is limited to the
mere acquiring of definitions, principles
and rules to the extent of shaping the way
one generally thinks about life’s issues,
others and oneself, then sadly the learning
experience would be limited.
Keep in mind that life’s journey comprises
a series of tomorrows, each lying on a
continuum but clearly distinguishable –
that is, each new day is different from the
previous. Do not move into the future as if
nothing has changed. One could stagnate
or merely slow down one’s adjustment
(learning) process or even end up moving
from one crisis to the next as each new
reality hits, thereby being forced to adjust
(like the behaviour of people prior to the
onset of the recent global financial crisis
– people did not adjust to the changing
environment until they were smacked in
the face by a changed reality).
We should remain ever-conscious of our
changing environment. More than that,
we should each be an agent of change.
Become curious about things around
us, and let that instinct of self-discovery
be re-activated. It is good to appreciate
the wonder of nature and look beyond
the obvious. It is important to maintain
certain principles that are core to who we
are on the inside, but we should not allow
ourselves to be pigeonholed. We should
not allow ourselves to be hamstrung by the
need to define everything and everybody,
including ourselves. Be undefinable; and,
as such, allow ourselves the excitement of
being engaged in a constant process of
self-discovery.
Human beings are complex creatures, and
individuals differ significantly from each
other. Perhaps this somewhat of a paradox
in a statement by Lyall Watson captures
that complexity:“If the brain were so simple
we could understand it, we would be so
simple we couldn’t.”
Prof Sivan Chetty
FACE | November 2012 | Volume 5
3
At the coalFACE
FACULTY PUBLIC LECTURE SERIES 2012
In 2012 thus far, the Faculty held two public lectures. For the
first lecture Professor Luc Bauwens, from the University Catholic
of Louvain (Belgium) presented the topic, ‘An Econometrician’s
thoughts about the recent financial crises’. His presentation on the
recent financial crisis managed to create some food for thought, as
many could relate well to the issue.
FEFS Public Lecture 11 September 2012
Prof Alex van der Watt, Prof Amanda Dempsey &
Mr Terence Nombembe
FEFS Public Lecture – 27 February 2012
Professor Luc Bauwens
Mr Terence Nombembe, Auditor-General of South Africa, presented
on ‘The state of internal financial control in the public sector’ during
the second lecture. His presentation was forthright and thoughtprovoking as he engaged the audience on complex issues relating
to the state of internal financial control in government entities.
He challenged the audience to think about innovative solutions
to prevailing problems relating to internal financial control. The
presentation and discussion were generally well received by all
who attended.
Prof Amanda Dempsey &
Mr Terence Nombembe
FEFS Public Lecture - 11 September 2012
Prof Amanda Dempsey, Prof Luc Bauwens,
Prof Sivan Chetty, Prof Lumengo Bonga-Bonga
Mr Terence Nombembe
4
IN THE FOOTSTEPS OF ADAM SMITH
Dr Ilse Botha participated in
the Annual Conference of the
Scottish Economic Society.
Since 1897, in accordance
with the Scottish tradition of
political economy inspired
by Adam Smith, the Society’s
objectives have been to
promote the study and
teaching of Economics on the
widest basis, and to provide
a forum for the discussion of
Scottish economic problems
and their relationship to the
political and social life of
Scotland.
The conference was held
from 16 to 18 April in Perth,
Scotland. Dr Botha presented
a paper, which she co-authored
with Prof Derick Blaauw,
entitled: “Determinants of the
subjective well-being of day
labourers in South Africa.” The
paper is currently under review
by the Institute for Scientific
Information (ISI).
Dr Ilse Botha
FACULTY HOSTS THE 4TH BIENNIAL INTERNATIONAL VALUE CONFERENCE
The Value Conference has ingrained itself
as an important feature on the academic
setting of the Faculty of Economic and
Financial Sciences (FEFS). Given the Faculty’s
unique financial focus, a conference like this
serves to entrench the Faculty’s position as a
key provider of much needed competencies
in a financial environment that has seen
‘value’ being excessively created and then
viciously destroyed.
FEFS hosted the 4th Biennial International
Value Conference from 27 to 30 May 2012
at the Champagne Sports Resort, in the
wonderful settings and surroundings of the
Central Drakensberg. One of the Conference’s
aims was to determine ways of ensuring the
success of business ambitions in Africa – one
that creates and delivers value.
Some of the universities that were
represented included Monash, Unisa,
University of Limpopo, the Vaal University
of Technology, Cape Peninsula University
of Technology, University of KwaZulu-Natal,
Nelson Mandela Metropolitan University,
University of Fort Hare, Stellenbosch
University and the University of Cape Town.
The international delegates were from
France, Namibia, New Zealand, Pakistan and
the USA. In total 152 delegates attended the
conference and 77 papers were delivered.
Various topics focused on economic growth
in Africa as well as the challenges faced by
business leaders to capture the essence
of delivering value through sustainable
business practices. Mr Dawie Roodt, Chief
Economist and Director: Efficient Group, and
Ms Nonkululeko Gobodo, Chief Executive
Officer: Gobodo Chartered Accountants,
delivered the keynote addresses on the
second and third day of the conference
respectively. On the third day, a panel
consisting of leading experts engaged in a
discussion centred on sustainable business
practices.
Each day was perfectly rounded off
with dinner accompanied by delightful
entertainment – Organic Lounge and DJ at
the Sunday’s welcome dinner; Drakensberg
Boys Choir at the cocktail function on
Monday evening; and the enjoyable Out of
the Blue group at Tuesday’s Gala dinner.
5
9th AFRICAN FINANCE JOURNAL CONFERENCE
Dr Maleka presented a paper at a conference, organised by the
Development Finance Research Network, held in Nairobi, Kenya
from 19 to 20 April 2012. The topic of the paper was: “The volatility
of FDI, ODA and Remittances in Southern African Countries”. The
aim of the paper was to compare the volatility (risk) on the flow of
Foreign Direct Investment (FDI), Official Development Aid (ODA) and
Remittances (money sent home by international migrant workers)
during the economic crisis. The findings were that remittances
could withstand economic crisis better than FDI and ODA.
The aim of the research network is, among other, to develop a global
scientific platform for development research and to build a network
for development finance researchers, practitioners and institutions.
Some of the papers presented at the conference will be reviewed
and published in the African Finance Journal.
Membership of the research network is free to individuals and
institutions. People interested in becoming members, should
contact Ms Dinah Potgieters at dina@africagrowth.com.
9th African Finance Journal Conference
REGISTERED PERSONS EXAM (RPE) MODULES AS A SHORT LEARNING PROGRAMME
The Department of Finance and
Investment Management will be offering
the Registered Persons Exam (RPE)
modules as a short learning programme
during university holidays.
It has come to the attention of the
Department that leaving university with
only a degree is no longer enough and
the Department is undertaking extensive
research to improve the skill sets of the
students studying for the BCom Finance
degree. The Department is in partnership
with the South African Institute of
Financial Markets (SAIFM). The SAIFM
currently offers interested individuals the
opportunity to write the exams through
them via distance learning.
The Department will be offering a short
learning programme for each module
during the holidays so that current
students and interested individuals outside
the University can have the opportunity to
obtain the RPE modules with the assistance
of a lecturer. The Department will present
classes on the modules during the week,
followed by an opportunity to write the
corresponding RPE exam.
The Department believes that by offering
this course the knowledge base and
skills sets in the field of investments are
improving, helping to build a brighter
future for South Africans.
HONOURS BRIDGING PROGRAMME IN ECONOMICS A SUCCESS
2011 is a year that many of us will look
back on and say, with a sigh of relief,“Thank
goodness, it’s over”. But there is something
that the Department of Economics and
Econometrics can look back and be proud
of – and that is our Honours Bridging
Programme, affectionately known as the
HBP. Ok, so the acronym ‘HBP’ may sound
like a psychological disorder, and I am sure
many from the Humanities are scratching
their heads right now trying to determine
a cause or a cure, but we at the Department
of Economics and Econometrics can wear
this as a badge of honour.
Despite the many trials and tribulations
that many of us experienced last year, the
HBP was a success. Overall, 18 students
completed our course and 12 students
were selected for the entrance exam into
the Economics Honours programme. The
students who wrote the exam not only
performed very well, but now have a
place in our Honours programme. Three
students performed exceptionally well in
the HBP course and were given automatic
acceptance into the Honours programme
without the need for any additional
entrance exams.
The success of this course needs to be
attributed not only to the determination
of our students, but also to some very
brave and dedicated lecturers who worked
diligently to make this new programme a
success. Arnold Wentzel, Marinda Pretorius,
Lorraine Greyling and Marius Venter
showed unbelievable dedication and
commitment to this programme. And let’s
not underestimate the support from other
members of the Department and Faculty,
both academic and administrative.
2012 has dawned, bringing with it a new
group of brave and motivated students.
The ‘Year of the Dragon’, is supposed to
bring with it hope and luck. We are all
eager to see how our new brave students
weather the challenges ahead and we wish
them well on their new quest. Yes, in the
words of our HOD, Prof Bonga-Bonga, we
strive to be the best.
- Mr Peter Baur (Senior Lecturer from
the Department of Economics and
Econometrics)
6
Report released on:
KEEPING SOUTH AFRICA’S FEMALE CHARTERED ACCOUNTANTS IN PUBLIC PRACTICE
Part one: The impact of job demands: job insecurity, work overload and work-family conﬂict
The Women in the Workplace research series takes rigorous
academic research and presents it to business – simply and clearly.
The focus is on useful, actionable insights that can help South
African businesses to harness the full power of their workforces.
In the first report in the Chartered Accountant series, we make
recommendations on what public-practice audit, tax and advisory
firms can do to keep their smart, female Chartered Accountants
engaged and productive. These recommendations are based on a
Master’s degree study, conducted by Stella Ribeiro, that utilised the
Job Demands-Resources model in relation to turnover intentions.
We present the findings in our investigation into the differences
in perceptions of female qualified CAs and trainees, using a large
convenience sample of 851 female CAs and trainees in publicpractice audit, tax and advisory firms.
A copy of the report can be found at: http://www.uj.ac.za/
E N / Fa c u l t i e s / e c o f i n / a c c o u n t i n g / n e w s e v e n t s / P a g e s /
20120831WomeninWorkplace.aspx
The authors of the report are Mrs Stella Ribeiro, a qualified Chartered
Accountant and staff member of the Department of Accountancy,
Prof Anita Bosch from the Department of Industrial Psychology
and People Management, and Dr Jürgen Becker, a Human Capital
solutions statistician.
We would like to invite you to read the report and let us have your
comments or questions. For more information, please contact Prof
Anita Bosch at the Women in the Workplace research programme.
You can telephone 011 559 2079 or email anitab@uj.ac.za.
DEPARTMENT OF COMMERCIAL ACCOUNTING HOSTS ANNUAL
MERIT AWARD FUNCTION
The Annual Merit Award Function and Graduation Ceremony
The Annual Merit Award Function and Graduation Ceremony of
the Department of Commercial Accounting were held at the VIP
Lounge, Imbizo Building, Soweto Campus, on 24 February 2012.
The sponsors included:
• AAT
• Pastel
• LexisNexis
• Juta
• Pearson
• TestKraft
• IIASA (Audit)
• Professor Marita Pietersen
THE 2012 QE RESULTS CONFIRM ACCOUNTANCY@UJ AS A LEADER IN ACCOUNTING EDUCATION
The results of the Annual
Qualifying Examination (QE) of
the South African Institute of
Chartered Accountants (SAICA)
were released on Friday 30
March 2012.
UJ contributed 12,9% of the total
successful candidates, which
equates to 256 candidates.This is
the second biggest contribution
of all accredited residential
universities. UJ also achieved
an 86% pass rate for first-time
candidates, which compares
very well with the national firsttime pass rate of 78%.
“We are absolutely delighted
with our results,” says Prof
Alex van der Watt, Head of the
Department of Accountancy at
UJ. “The good results confirm
Accountancy@UJ as a leader
in
accounting
education;
especially when the results
are analysed in the context of
transformation and growth.”
UJ is currently the biggest
residential provider of black
African chartered accountants
in South Africa. 390 black African
first-time candidates passed the
2012 qualifying examination. UJ
contributed 99 candidates to this
number, which equates to 25%
of all the successful black African
candidates. “This is simply an
outstanding
achievement
taking into account that
candidates from 13 universities
wrote the examination,” says
Prof van der Watt.
Two UJ students achieved Top
Ten positions in the examination.
Ms Tamryn Tromp was placed
second, and Ms Vidette du Toit
achieved the seventh position
in the examination.
“I am very grateful to have not
only passed the infamous QE1
exam, but to have placed in the
top ten! This achievement is as
a result of my hard work, the
very competent Accounting
Department at UJ, and most
importantly, the work of God
and support from my family and
friends. I am a proud supporter
of this University and firmly
believe it is worth its weight in
gold,” says Tamryn Tromp.
Ms Vidette du Toit says that
“being placed in the Top Ten
and passing with honours was
something I never dreamed
of, but now it is a reality. I have
achieved a goal that I had
not even set for myself. I am
thankful towards all my friends
and family for their motivation
and support. They kept me
going in tough times. It would
also not have been possible
without the exceptional hard
work, motivation and talent of
UJ’s lecturers. I will always be
filled with gratitude towards
God for helping me through
tough times and for ending
four years of hard work on such
a high note. Without faith and
perseverance, I would not have
been where I am today.”
Prof Van der Watt adds that
the excellent 2012 results are
“testimony to the dedication
and hard work of passionate
lecturers in the Department.”
Ms Vidette du Toit
Ms Tamryn Tromp
7
DFIM STAKEHOLDERS’ FUNCTION 2012
The Department of Finance & Investment
Management (DFIM) hosted their annual
Stakeholders’ Function at the Wanderers
Club in Illovo on 28 August 2012. Guests
from the financial world as well as DFIM
Alumni were invited, which made this a
unique event. Prof Gideon Els welcomed
the guests and the DFIM Programme
Managers each introduced their new
programmes for 2013.
The Cancervive Management also
attended and introduced themselves to
the guests. The guests were entertained by
Kirsten Watkins.
DFIM staff from left to right:
Ms Jordy Bolton, Ms Roxanne Andrew and
Ms Adele Oosthuizen
TEACHING AND LEARNING (T&L) IN FEFS
Some years ago UJ adopted the Teaching and Learning (T&L)
philosophy of “learning to be”, rather than “learning about”. This new
three worded slogan seems simple when read for the first time, but
has a significant impact on the way in which T&L has been viewed in
the past.
It goes without saying then that all the Departments within FEFS
were required to take a look within, and re-strategise as to how they
could produce future professionals, within the financial, economic
and commercial fields, who employ the characteristics of a student
who has “learnt to be”.
One example of a Department who has made significant strides in their
T&L approach is the Department of Accountancy that implemented a
new student-centred T&L approach by taking cognisance of students’
individual learning styles. Various new teaching resources were
introduced, and some of the already existing T&L resources were
dusted off and re-examined from a different perspective. A lecturer is
Ms Brelage (LexisNexis) and
Ms Botes (DFIM)
viewed as a facilitator of the T&L process, rather than merely a teacher.
The academic programmes within the Department of Accountancy
strive to develop not only technical knowledge and skills, but also to
develop pervasive skills that will lead to a well-rounded individual.
On a faculty level, a lot of activity relating to T&L is taking place as well.
Much of this work is driven by the Teaching Learning and Assessment
Committee (hereafter TLAC). The TLAC consists of 11 very committed
members spread across the four Departments within FEFS, and all of
the TLAC members are highly passionate about moving T&L within
FEFS to the next level. During 2012, this Committee performed a
major overhaul of the assessment and moderation Policies. Currently
it is working towards developing a tailor-made T&L policy for FEFS
that fits within the scope and guidelines of the UJ T&L policy. This
project is a major undertaking and serves as further proof of FEFS’
commitment towards excellent T&L practices and producing
diplomandi and granduandi who have “learnt how to be”.
Ms Erica Du Toit
(Senior Lecturer from the Department of Accountancy)
DFIM CANCER DAY 2012
The Department of Finance & Investment Management hosted their 3rd Annual Cancer
Day in aid of Cancervive (www.cancervive.co.za), a project of People Living with Cancer
(www.plwc.org.za), at House Higgo in Northcliff on 21 September 2012 from 09:00 to 13:00.
Each year, Cancervive launches their annual ride from UJ. This year they went to rural areas
in Mpumalanga to spread an awareness of the early detection of all cancers.
The world-renowned singer, Myra Maud from France, performed with the well-known SA
dancer, John Sithole.
Cancervive Group
Myra Maud
SA Dancer, John Sithole
8
DFIM HOSTED ANNUAL PRIZE-GIVING BREAKFAST 2012
The Department of Finance and
Investment Management at the University
of Johannesburg held their annual prizegiving breakfast on Friday, 2 March 2012,
at the Johannesburg Country Club in
Auckland Park.
motivational, in terms of highlighting
research that confirms numerous positive
structural changes in the Southern African
economy. The guests thoroughly enjoyed
Dr Botha’s informative, positive and
enlightened presentation.
The guest speaker for this prestigious
event was Dr Roelof Botha. As a seasoned
veteran on the public speaking circuit in
Southern Africa, Dr Botha has managed to
captivate audiences with his unique style of
blending the serious matters of economics
and politics with the lighter side of life.
His presentations are regarded as broadly
Thirty-three prestigious prizes were
awarded to the Department’s top 2011
students. The prizes were sponsored by the
Department’s generous annual sponsors:
KPMG, LexisNexis, Imperial Logistics, FPI,
PPS, FAT Training & CIMA. The top achievers
were accompanied by their parents,
family and friends. This event is one of the
Department’s most prestigious events on
the year calendar.
Among the well-deserved prize winners
were Dr Mdu Gama, who received the
DFIM Exceptional Achievement Award. As
the first person to obtain a PhD (Finance) in
the Department of Finance and Investment
Management, since the Department’s
establishment within UJ in 2005, following
the merger between RAU and TWR, as well
as the first person to obtain a PhD (Finance)
in South Africa, this prestigious award was
awarded to Dr Gama.
The prize winners are:
Prize Winner
Category
Shaun de Wet
Highest overall mark – BCom Honours (Financial Management)
Clifford Vance Hack
Highest overall mark – BCom Honours (Financial Planning)
Jake Rubinstein
Highest overall mark – BCom Honours (Investment Management)
Corlise le Roux
Highest overall mark – MCom (Financial Management Coursework)
Roxanne Thorley
Top UJ Student in CIMA Strategic Level Exams – May 2011
Imperial Logistics
Wanda Janse van Rensburg
Top UJ Student in CIMA T4 Part B Exam – November 2011
FAT Training
Lenushka Parannath
Top UJ Student in FPI’s External Case Study Exam – 2011
FPI
Mduduzi Gama
DFIM Exceptional Achievement Award
Mr Amos Kova-CIMA & the Dean,
Prof Amanda Dempsey
Mr Wikus Roets &
Student Wanda Janse
van Rensburg
Sponsor
Mr Amos Kova-CIMA, Student Shaun de
Wet & Mr Kevin Thomas
Dr Mdu Gama
Ms Felecia LandsbergImperial Logistics &
Student Roxanne Thorley
CIMA
FPI
KPMG
UJ
PPS & UJ
Mr Carl Anschutz, Student Corlise le Roux
& Prof Gideon Els
Ms Genevieve de Wet-KPMG, Student
Jake Rubinstein & Mr Niel Oberholzer
9
JOURNAL ARTICLES (PUBLISHED IN 2011)
Title of
Journal
Year and
Volume
Article Title
1st Affiliated
Author’s
Department
1st Author
(with staff/
student
number if
applicable)
Economic
History of
Developing
Regions
2011
Vol 26(2)
The globalisation of South African
conglomerates,1990-2009
Accountancy
Verhoef G
720003289
Historia
2011
Vol 56(2)
The state and the profession: initiatives
and responses to the organisation of the
accounting profession in South Africa,
1904-1951
Accountancy
Verhoef G
720003289
Tydskrif vir
Geestes
wetenskappe
2011
Vol 51(4)
December
Waardes in die rekeningkundige
professie: ‘n historiese ondersoek na die
vestiging van die professie in Suid-Afrika
Accountancy
Verhoef G
720003289
Journal
for New
Generation
Sciences
2011 Vol 9(2)
Sustainability and integrated reporting:
an analysis of the audit committee’s
oversight role
Accountancy
Marx B
720002406
Van Der Watt
720003261
Journal of
Economic
and Financial
Sciences
2011
Vol 4(1) April
The company as a responsible corporate
citizen: an analysis of the board’s
commitment to sustainability
Accountancy
Marx B
720002406
van Dyk V
720008743
Journal of
Economic
and Financial
Sciences
2011
Vol 4(2)
October
Assessment under the Tax
Administration Bill
Accountancy
Olivier L
720002769
Journal of
Economic
and Financial
Sciences
2011
Vol 4(2)
October
Corporate governance practices at South Accountancy
African higher education institutions: an
annual report disclosure analysis
Barac K
Journal of
Economic
and Financial
Sciences
2011 Vol 4(2)
October
The effect of the global crisis on top 40
company CFOs
Accountancy
Voogt T
720003320
Meditari
Accountancy
Research
2011
Vol 19(1/2)
Sustainability reporting and assurance:
an analysis of assurance practices in
South Africa
Accountancy
Marx B
720002406
South African
Journal of
Accounting
Research
2011
Vol 25(1)
A comment on research frameworks
applied in accounting research
Accountancy
Coetsee D
720001714
South African
Journal of
Accounting
Research
2011
Vol 25(1)
Sustainability reporting at large public
sector entities in South Africa
Accountancy
Marx B
720002406
African
Finance
Journal
2011
Vol 13(1)
Predictability of stock price behaviour in
South Africa: a non-parametric approach
Economics &
Econometrics
Muteba
Mwamba JW
720015751
African
Finance
Journal
2011
Vol 13(2)
Monetary policy action and inflation in
South Africa: an empirical analysis
Economics &
Econometrics
Bonga-Bonga
L
720001603
Kabundi A
720002107
Indian
Economic
Review
2011
Vol 46(1)
Forecasting macro-economic variables
using large datasets: dynamic factor
model versus large -scale BVARs
Economics &
Econometrics
Gupta R
Kabundi A
720002107
International
Business and
Economics
Research
Journal
2011
Vol 10(12)
December
Testing for the purchasing power parity
hypothesis In a small open economy: a
VAR-X approach
Economics &
Econometrics
Bonga-Bonga
L 720001603
2nd Author
(with staff/
student
number if
applicable)
Marx B
720002406
All other
authors (with
staff/student
number if
applicable)
Moloi T
Van Dyk VC
720008743
Van Dyk VC
720008743
10
International
Review of
Applied
Economics
2011
Vol 25(5)
September
Earnings inequality and unemployment
in South Africa
Economics &
Econometrics
Tregenna F
720022156
Journal of
Applied
Business
Research
2011
Vol 27(4)
July/Aug
Equity prices and inflation in South
Africa: an empirical analysis
Economics &
Econometrics
Bonga-Bonga
L 720001603
Journal of
Housing
Research
2011
Vol 20(2)
Using large data sets to forecast house
prices: a case study of twenty US States
Economics &
Econometrics
Gupta R
Review of
Political
Economy
2011
Vol 23(2)
April
What does the ‘services sector’ mean in
Marxian terms?
Economics &
Econometrics
Tregenna F
720022156
Urban Forum
2011
Vol 22(4)
December
The work and lives of street waste pickers Economics &
in Pretoria: a case study of recycling in
Econometrics
South Africa’s urban informal economy
Schenck R
African
Development
Review
2011
Vol 23(3)
Exploring the impact of energy sources
on production, inequality and poverty
in simultaneous equations models for
South Africa
Economics &
Econometrics
Ngepah NN
African
Journal of
Business
Management
2011
Vol 5(34)
December
Credit extension in South Africa: a
business cycle perspective for the period
1985 to 2009
Economics &
Econometrics
Fourie L
908713880
Botha L
720001627
Mears R
720002468
Economic
Modelling
2011
Vol 28(4)
Forecasting the US real house price
index: structural and non-structural
models with and without fundamentals
Economics &
Econometrics
Gupta R
Kabundi A
720002107
Miller SM
Empirical
Economics
2011
Vol 41(2)
France in the global economy: a
structural approximate dynamic factor
model analysis
Economics &
Econometrics
Kabundi A
720002107
Nadal De
Simone F
International
Journal of
Forecasting
2011
Vol 27
A large factor model for forecasting
macro-economic variables in South
Africa
Economics &
Econometrics
Gupta R
Kabundi A
720002107
Journal of
Forecasting
2011
Vol 30(2)
Forecasting regional house price
inflation: a comparison between
dynamic factor models and vector
autoregressive models
Economics &
Econometrics
Das S
Gupta R
Kabundi A
720002107
Journal of
Housing
Economics
2011
Vol 20(3)
September
Housing, credit, and real activity cycles:
characteristics and co-movement
Economics &
Econometrics
Igan D
Kabundi A
720002107
Nadal de
Simone F
Pinheiro M
Tamirisa N
Review
of African
Political
Economy
2011
Vol 38(130)
December
A new growth path for South Africa?
Economics &
Econometrics
Tregenna F
720022156
South African
Journal of
Economics
2011
Vol 79(1)
March
Assessing monetary policy in South
Africa in a data rich environment
Economics &
Econometrics
Kabundi A
720002107
Ngwenya N
200728762
South African
Journal of
Economics
2011
Vol 79(2)
June
Extreme value at risk: a scenario for risk
management
Economics &
Econometrics
Kabundi A
720002107
Mutemba MJ
720015751
South African
Journal of
Economics
2011
Vol 79(3)
September
The predictability of stock market returns Economics &
in South Africa: parametric vs. non
Econometrics
parametric methods
Bonga-Bonga
L 720002107
Mwamba
Muteba
720015751
Africa
Education
Review
2011
Vol 8(2)
The potential skills contribution of
international students to South Africa
Aloyo NO
8203608782
Wentzel A
720003346
Africanus:
Journal of
Development
Studies
2011
Vol 41(2)
Socio-economic demographic
Economics &
characteristics of selected rural villages in Econometrics
the Nwanedi river basin
Mears R
720002468
Blaauw D
720001592
Economics &
Econometrics
Kabundi A
720002107
Miller SM
Blaauw D
720001592
11
Journal of
Economic
and Financial
Sciences
2011
Vol 4(2)
October
The expenditure and foreign revenue
impact of international students on the
South African economy
Journal of
Economic
and Financial
Sciences
2011
Vol 4(S)
August
Journal of
Economic
and Financial
Sciences
Economics &
Econometrics
Aloyo N
920308782
Wentzel A
720003346
Bargaining power and market defination: Economics &
a reflection on two mergers
Econometrics
Roberts R
Corbett C
2011
Vol 4(S)
August
Theory and practice in the use of merger
remedies: considering South African
experience
Economics &
Econometrics
Robb G
Ngwenya A
New Contree
2011
Vol 61
May
Micro credit and the tranforming of
uncertainty since 1976: international
lessons for South Africa
Economics &
Econometrics
Mashigo P
Schoeman C
720002949
Social Work/
Maatskaplike
Werk
2011
Vol 47(2)
June
“Life is not pap and vleis”: poverty in
child-headed households in Gauteng
Economics &
Econometrics
Blaauw D
720001592
Viljoen K
720003302
South African
Journal of
Human
Resource
Management
2011
Vol 9(1)
The productivity effect of informal
employees: the Tshwane tyre-fitting
industry as a case study
Economics &
Econometrics
Van Zyl G
720003213
The Social
Work
PractitionerResearcher
2011
Vol 23(2)
Living on what others throw away:
an exploration of the socio-economic
circumstances of people collecting and
selling recyclable
Economics &
Econometrics
Schenck R
Blaauw D
720001592
Education as
Change
2011
Vol 15 (S1)
New teachers look back on their
university education: prepared for
teaching, but not for life in the classroom
Finance &
Investment
Management
Gravett S
Henning E
Journal of
Economic
and Financial
Sciences
2011
Vol 4(1)
April
An investigation into the extent to which Finance &
Investment
the national senior certificate equips
university finance students with required Management
skills
Oosthuizen A
720018949
Eiselen RJ
720001865
Das Nair
Schenck R
Eiselen RJ
720001865
CHAPTERS IN BOOKS 2011
Publisher
Title of contribution
Start page
Routledge
The diverse dynamics of de209
industrialization internationally
End page
Total
1st Affiliated Author’s
Department
1st Author (with staff/
student number if
applicable)
238
30
Economics and
Econometrics
Tregenna F
720022156
CONFERENCE PROCEEDINGS 2011
Publisher
Title of contribution
1st Affiliated
Author’s
Department
1st Author (with
staff/ student
number if
applicable)
CofFEE
The effects of unemployment on
distribution in South Africa before
and during the economic crisis
Economics and
Econometrics
Tregenna F
SAAA
Ethical hacking: a tool to augment
governance responses to hacking
Accountancy
Roos C
SHE
A theoretical political economy
analysis of services
Economics and
Econometrics
Tregenna F
SUN MeDIA
Critical factors for the development Economics and
of women entrepreuneurship: a case Econometrics
study of rural Wooldridge
Dyubhele N
2nd Author (with
staff/ student
number if
applicable)
All other authors
(with staff/
student number if
applicable)
Voogt T
Marx B
Mears R
12
Out of the FACE
ACCOUNTANCY@UJ STUDENT, PETER SERITE, WINS NATIONAL NEDBANK CA TRAINING PROGRAMME COMPETITION
Nedbank started an exciting new
competition this year for final year
undergraduate
accounting
students
who have business acumen and a strong
sense of social responsibility to apply their
entrepreneurial skills to benefit others.
Being the “green” bank, they wanted
students throughout South Africa to
propose a sustainable community initiative
that they were willing to implement and
project manage. Students needed to
propose a community initiative to the value
of R20 000 with a budget stretch of R10 000.
The top five finalists were hosted at Nedbank
in Sandton to network with senior staff
members and to present their proposals to
a panel of judges. This was also a fantastic
opportunity to make a difference in the
community while also promoting some
healthy competition between students
from the different universities.
“The Nedbank CA Training Programme
is proud to announce that UJ student,
Peter Serite, was awarded first prize in our
inaugural competition that challenged
students to propose a sustainable
community initiative. Peter’s original idea
of providing more suitable trolleys to men
who collect recyclable waste in the south
of Johannesburg impressed us, as did his
incredible approach of joining the waste
collection team each morning to truly
understand his target recipients and their
needs. Peter wins R30 000 funding for his
project, an Apple iPhone 4s and a Nedbank
holiday voucher. He also receives automatic
acceptance into our Winter Seminar in July”,
said Mr Robert Peche from Nedbank.
For more info on the competition visit:
www.nedbank.co.za/website/content/ca/
competition.asp
Mr Peter Serite
ACCOUNTANCY@UJ STUDENT TO COMPETE IN KPMG INTERNATIONAL CASE COMPETITION GLOBAL FINALS IN HONG KONG
around South Africa to compete in the
KPMG International Case Competition.
Lovedelia, along with three other SouthAfrican team members, flew to Hong
Kong for the week of 14 to 21 April where
they competed against students from 24
countries internationally.
Lovedelia is currently a third-year BCom
Accounting student and was very excited
about this great opportunity to compete
in the global finals in Hong Kong. “I am
overwhelmed about the prospect of
representing my country and university”,
said Ms Mutloane.
KICC is an opportunity for her to apply, as
well as enhance, her business knowledge. In
addition, she will also expand her network
through interactions with professionals
and peers from around the world.
Ms Lovedelia Mutloane
We are proud of our Accountancy@UJ
student, Ms Lovedelia Mutloane, who was
selected from over 100 top students from
For more info visit: http://www.kpmg.
com/Global/en/JoinUs/WhatCanIDo/
CareerLevels/Students/KICC/Pages/
default.aspx
Ms Lovedelia Mutloane
STUDENT RECEIVES FOUNDERS MEDAL
A student from the Department of Economics and Econometrics,
Leila Fourie, was awarded the FOUNDERS‘MEDAL FOR a FULL
MASTER’S DISSERTATION 2012 from the Economic Society of South
Africa. The dissertation was prepared under the supervision of Dr
Ilse Botha, and the co-supervision of Prof Ronald Mears. The title
of the dissertation was: “Credit extension in South Africa: a business
cycle perspective for the period 1985 – 2009”.
13
PROF BEN MARX WINS VICE-CHANCELLOR’S DISTINGUISHED AWARD: TEACHER EXCELLENCE
this prestigious award at a
ceremony held on 9 November
2011.
Prof Ben Marx
The Vice-Chancellor’s Distinguished
Award:
Teacher
Excellence is aimed at
recognising
outstanding
contributions that individual
academics have made to
the promotion of teaching
excellence
and
earning
effectiveness at the UJ over a
sustained period, modelled on
best practice and positively
influencing students and other
colleagues.
Prof Ben Marx, Deputy
HOD of the Department of
Accountancy, was awarded
Accountancy@UJ wants to
congratulate Prof Marx on this
outstanding achievement!
Prof Ihron Rensburg Prof Ben Marx Prof Angina Parekh
BEST RESEARCHER IN THE ACCOUNTANCY FIELD IN SOUTH AFRICA
Minnette Vermaak graduated
with MCom Financial
Management on 23 March
2012 at UJ.
Professor Ben Marx speaks of his career in
teaching as a lifelong dream and his destiny. A
brilliant student, he received his degrees cum
laude and was placed overall third the country in
the Qualifying Examination of the South African
Institute of Chartered Accountants (SAICA). On
qualifying as a Chartered Accountant, he was
offered a secondment by Deloitte to one of their
overseas offices and the prospect of a partnership;
but he turned this down in favour of a lecturing
position at the University of the Free State. In 1994
he joined the then RAU; and in 1995 was promoted
to Professor and Head of Auditing, a position he
has held ever since – in spite of many attempts by
commerce and industry to entice him away.
Professor Marx’s teaching combines passion
and enthusiasm with a deep understanding of
the concepts and principles of his subject area.
Good teaching means the ability to explain
to students the most difficult principles in an
easily understandable and logical manner; good
learning takes place when students understand
these concepts and principles, and their relevance
and importance. Professor Marx seeks at all
times to set an example for his students by being
professional in appearance, organisation and
teaching; to make his lectures interesting and
relevant by referring to actual real-life case studies
and events, and to actively encourage student
participation. He is always available to students
who need assistance, to the extent of giving the
class his personal cell-phone number.
Congratulations to
Accountancy@UJ Senior
Lecturer, Mr Jonathan Streng
who received his MCom
International Accounting
CUM LAUDE!
At the same time, Professor Marx has high standing
in the academic and professional community.
He is a member of numerous associations
and professional bodies, including SAICA, the
South African Institute of Internal Auditors, the
Institute of Directors, and the Association of
Chartered Certified Accountants in the UK. In
2011, the Fellowship of the Institute of Chartered
Secretaries was awarded to him in recognition of
his contribution to the field of accountancy and
corporate governance over the years – an honour
accorded to only four other South Africans. He has
been a contributing member of the Sustainability
Chapter of the King III Committee on Corporate
Governance since 2008, and he is the author of
various textbooks used by other South African
universities.
But beyond this, Professor Marx believes strongly
that a well-balanced academic must be not only
a good teacher, but also a scholar of the subject
discipline. He tries to instil this approach in his
colleagues through example and by involving
them in research projects and jointly written
articles. Professor Marx has himself published
more than 50 subject-related articles in various
journals over the years. His doctoral thesis on
Audit Committees was published internationally
in 2010, and in June 2011 he received the South
African Accounting Association award for the best
researcher in the Accountancy field in South Africa.
This is in addition to his regular engagement with
industry, commerce and the professions.
In conclusion, a statement from Professor
Marx’s teaching portfolio: “Being a lecturer is
a huge privilege but also brings with it a huge
responsibility. I have been blessed in my lecturing
career with brilliant role models, great colleagues
and wonderful students. I have invested a
significant amount of time and energy in my
development as a lecturer and designing of course
material over the years and have enjoyed every
moment of my career as a lecturer. I sincerely hope
and trust that through my role as a lecturer I can
make a contribution to enrich students’ lives and
help them reach their goals.”
14
MR ARNOLD WENTZEL JOINS GOLDEN KEY HONORARY MEMBERS
Lecturers often give recognition to their best students, but it is rare
for students to have the opportunity to give similar recognition
to their lecturers. This rare honour has recently befallen Mr
Arnold Wentzel, a member of the Department of Economics and
Econometrics. After being nominated by some of his best students,
he was invited to become an Honorary Member of the Golden Key
International Honour Society.
excellence, leadership and service to the community. Membership
is by invitation only, and such invitations are only extended to the
top academically performing students.
Mr Arnold joins other Golden Key Honorary Members, such as
Archbishop Emeritus Desmond Tutu, Judge Edwin Cameron,
Minister Trevor Manuel, Minister Naledi Pandor, Mr Francois Pienaar,
Mr Tito Mboweni and Mr Clem Sunter in accepting this honour.
Golden Key is an international student society with over 2 million
members from 190 different countries. It aims to promote academic
ACCOUNTANCY@UJ ALUMNI STUDENT EXCELS IN IRBA PPE EXAMS
The Public Practice Examination (PPE) is
the last qualifying exam on the road to
becoming a CA (SA). The 2011 exam was
written on 24 November 2011. Of the 2
054 aspirant accountants and auditors
who wrote the exam in 2011, 1 517 passed
resulting in a pass rate of 74%. The results
were released on Friday 24 February 2012.
Congratulations to Ms Carri Aronson,
who completed her BCom Honours
(Specialisation in Chartered Accountancy)
at UJ in 2009. Ms Aronson achieved a
Top Ten position in the Public Practice
Examination.
For more info visit http://www.irba.co.za/
index.php/student-news-news-41/611ppe-test-results
Entry to the PPE is a culmination of a
long and rigorous academic, training and
assessment process aimed at developing
the core and professional competence of
prospective auditors.
ECONOMICS STUDENT WINS OLD MUTUAL NEDBANK BUDGET SPEECH COMPETITION
The Old Mutual Nedbank Budget Speech Competition is the
premier essay competition for students in the fields of Economics
and Finance. For the last four years, UJ Economics students have
been placed in the top ten nationwide.
(left to right) Mike Brown (CE of Nedbank), Lungisa Fuzile
(Director-General of National Treasury), Ian Mrozek (essay
winner), Pravin Gordhan (Minister of Finance) and Ralph Mupita
(CE of Old Mutual Emerging Markets).
In 2011, the Minister of Finance and the National Treasury
launched another essay competition, which is open only to the
national top ten finalists of the Budget Speech Competition. This
select competition calls for an essay presenting a solution to a
critical economic problem in South Africa. In February 2012, it
was announced that Ian Mrozek, an MCom Economics student
at UJ, won this competition with his proposed solution to youth
unemployment. He received his prize at a formal function at
the National Treasury (see photo), and he is shown in the middle
next to the Minister of Finance, Pravin Gordhan. His idea was so
innovative, that the Minister of Finance even mentioned him by
name in the 2012/13 Budget Speech. During his speech Minister
Gordhan summarised Ian’s idea as follows: “Ian Mrozek offered an
interesting variation on the idea of a youth subsidy – he proposes
that it should go to new business start-ups as a tax incentive, which
would encourage entrepreneurs and business innovation.”
15
InterFACE
FACULTIES HOST UJ BEELD JEUGBERAAD 2012
The Faculty of Management and the Faculty of Economic and
Financial Sciences have recently succeeded in attracting the Beeld
Jeugberaad (Beeld Youth Summit) to UJ. Delegates include 30 top
achieving Afrikaans Grade 11 students (straight A’s, accomplished
leaders) selected from across South Africa. This initiative helps to
address a key UJ concern in the sense of forging our identity as
a cosmopolitan university and also, to strengthen appreciation of
UJ’s educational intent and impact. The Jeugberaad was hosted
from 28 September to 1 October on UJ Island. The programme
aimed at facilitating the leadership journey towards a better future,
designed to progress from self-awareness to self-regulation and
finally, to self-development.
UJ Vice Chancellor, Prof Ihron Rensburg, accompanied Professors
Amanda Dempsey and Daneel van Lill on Sunday evening to host
the VC’s Braai. In his address, our VC encouraged delegates to claim
their space - “not in your corner, but amongst and within your
South Africa nation; be resolute and determined - remember the
Matthew effect (those who use their talents will receive more…)
and the Dutch Disease (you cannot reap what you have not
sown…) for they reflect that there are never easy victories; and
finally, when we embrace our diversity rather than reject it, then we
are so much stronger.”
ACCOUNTANCY@UJ’S COLLABORATION WITH JSE GOING FROM STRENGTH TO STRENGTH…
The latest World Economic Forum (WEF)
Global Competitiveness report ranks
South Africa first out of 142 countries for
its regulation of securities exchanges.
This is the second successive year that
South Africa has achieved this ranking
and, together with several other elements
of the report, suggests that the country’s
exchange, the Johannesburg Stock
Exchange (“JSE”), is a sound environment in
which to invest. South African standards of
corporate governance are highly ranked –
the country achieved first place for strength
in accounting and auditing standards (last
year), second place for efficacy of corporate
boards and third place in protection of
minority rights (both from sixth in 2010).
Its credibility as an investment destination
is also boosted strongly by the soundness
of its banks, for which the country achieved
a second place ranking (also from sixth).
South Africa ranks tenth for the strength of
investor protection (same as in 2010).
This is one of the many reasons why the
University of Johannesburg is proud
of its collaboration with the JSE. This
collaboration began in February 2011
when the JSE announced that it would
commence a process of reviewing
Annual Financial Statements (“AFS”) for
compliance with International Financial
Reporting Standards (“IFRS”).
The integrity of financial information is
a critical element of a well-functioning
market. The objective of the review process
is therefore to contribute towards the
production of quality financial reporting of
entities listed on the JSE.
“Additional
monitoring
will
give
shareholders the benefits of a better
regulated market and underline the
accolade recently received for the best
exchange in the world through regulation
in the World Economic Forum (WEF)’s
Global Competiveness Report 2010-2011.
This is a tremendous place to have ended
2010, but the JSE will continue to strive for
more,” said Russel Loubser, the then CEO of
the JSE.
It is recognised that a crucial part of
this proactive monitoring process is the
partnership that the JSE entered into
with UJ. While the reviews are based on
predetermined risk areas, a critical success
factor is a comprehensive body of IFRS
knowledge. It is not just a case of ensuring
compliance with a specific IFRS disclosure
paragraph, but rather the reviewer needs
to have a full understanding of all aspects
of IFRS in order to understand the potential
implications and impact on the AFS of a
particular matter and as well as assessing
the potential non-compliance within the
objective of financial reporting. Through
the partnership with UJ, the JSE effectively
has access to 20 additional high calibre
personnel.
From March to December 2011, 56 AFS were
proactively reviewed. Sixteen cases were
closed either with no comments or with
a letter of potential areas of improvement
being sent to the issuer. The JSE wrote
enquire letters to 40 of the issuers, of
which 2 resulted in a further referral to
the FRIP for advice. By January 2012, 11 of
the 40 cases of enquiry were still pending
finalisation. These findings are broadly in
line with international trends.
16
WORLD ECONOMIC HISTORY CONGRESS 2012 – A WORLD CLASS EVENT
The first ever International Economic History Association WORLD
ECONOMIC HISTORY CONGRESS2012 was hosted in South Africa
from 9–13 July 2012. The WEHC2012 was held in Stellenbosch
and the Department of Accountancy@UJ sponsored the closing
ceremony.
The Department of Accountancy played a pivotal role in bringing
the WEHC2012 to South Africa. Professor Grietjie Verhoef, Director
of the South African Accounting History Centre (SAAHC) serves
on the Executive Committee of the IEHA and won the bid to host
the WEHC2012 in South Africa in November 2008. Following that
success, a Local Organising Committee started the extensive
project of soliciting funding for the WEHC2012, organising the
event and finally hosting it. The Department of Finance was the
anchor sponsor for the WEHC2012.
University of Chicago. She revisited the historiography on the
Industrial Revolution and pointed to the vital social and human
dimensions of economic innovation, entrepreneurship and
business development. Delegates were treated to a high powered
closing debate on the “Roots of Development in Africa”. The debate
was between Professor James Robinson, from the Kennedy School
of Government at Harvard University and the renowned Africanist,
Professor Gareth Austin, from the Graduate School at the University
of Geneva.
The wonderful success of the WEHC2012 is in the enthusiasm
with which the delegates enjoyed the hospitality of South Africa.
Large numbers of delegates continued on from Stellenbosch to
tour the marvellous attractions along the South African coast, the
game parks as well as the ever inviting wine regions surrounding
Stellenbosch.
Government recognition of the world class nature of the congress
was displayed by the Minister of Finance, Mr Pravin Gordan,
who opened the WEHC2012 on a wet Monday morning in the
Kruiskerk on the campus of the University of Stellenbosch on 9
July 2012. A total of 850 delegates from 69 countries attended
the WEHC2012. The WEHC2012 hosted a total of 131 sessions
on Economic, Business and Social History. A remarkable plenary
session was addressed by Professor Deirdre McCloskey, from the
Professor Grietjie Verhoef now serves as President of the
International Economic History Association. This is a first for the
Department of Accountancy and for South Africa. The aim in
2008 in bidding for the WEHC2012 was to display research and
scholarship in Economic and Business History in Africa. This work is
now perpetuated in the activities of the Economic History Society
of South Africa (www.ehssa.org)
Minister of Finance, Mr Pravin Gordan at the opening event
(Pictures: African Agenda: Congres Bureau)
Prof Grietjie Verhoef from Accountancy@UJ
thanking the delegates
More Delegates
Gifts
17
ERNST & YOUNG EXCELLENCE IN SUSTAINABILITY REPORTING AWARDS
On Wednesday 19 October 2011, Ernst & Young hosted their
annual Excellence in Sustainability Reporting (ESR) awards over a
sumptuous breakfast. The Johannesburg Securities Exchange (JSE),
in the heart of the Sandton Business District, provided the venue
for this prestigious award.
Russell Loubser, the CEO of the JSE, on the topic of sustainability.
Mrs Vanessa van Dyk, one of the adjudicators, provided a brief
overview of the findings of the adjudication processes after which
she and Jeremy Grist of E&Y presented the award for first place to
The Bidvest Group for the second consecutive year, with Eskom in
second place and Anglo Gold Ashanti in third.
The purpose of the Excellence in Sustainability Reporting
(ESR) survey is to encourage South Africa’s top companies and
state-owned entities to commit to excellence in the quality of
sustainability reporting to all stakeholders. The sustainability
reporting of the companies and public entities were adjudicated
and ranked as excellent, good, adequate and perfunctory,
according to a mark plan developed specifically for this purpose
by the adjudicators, Prof Ben Marx and Mrs Vanessa van Dyk, from
the Department of Accountancy at the University of Johannesburg.
Companies participating in the survey are the top 100 listed
entities on the JSE as well as the 10 largest state-owned entities.
Once again, the reports from the companies that ranked in the
Excellence category are considered to compete with the best
reports in the world. After an introduction by the Chief Executive
Officer (CEO) of E&Y, Ajen Sita, the attendees were addressed by
Mrs Vanessa van Dyk
CELL C TAKE A GIRL CHILD TO WORK EVENT
Investment Solutions has partnered with Cell C in running the
above-mentioned project on 31 May 2012. The Faculty was invited
to participate and interact with ten Grade 11 girls, prospective
learners from a disadvantaged school, by presenting the different
career opportunities and bursaries that can assist them to make
informed decisions about their future.
The aim of this project is to provide an enabling environment for
women’s growth and development in the workplace and to make
them believe in their capacity to create opportunities that will lead
to social change within their families, schools, and communities.
The Faculty was honoured to be part of this event and plan to form
a long-term relationship with these young girls and the project.
Take a Girl Child to Work
18
GIBS (Gordon Institute of Business Science) CAREER EXPO
The GIBS CareerXpo is an initiative to introduce high achieving
Grade 11 and Grade 12 school learners in Gauteng to the wide
variety of possible careers, bursaries and opportunities offered
by the exhibiting companies, and to the study opportunities that
different universities offer.
The Faculty, together with the Faculty of Management, attended
the Expo on Saturday, 5 May 2012. The 2012 CareerXpo was a
successful event, attended by some 2 500 learners. The learners
also had the opportunity to interact with the two Faculties through
presentations/talks that were delivered.
MINISTERIAL SETA APPOINTMENTS FROM THE FACULTY OF ECONOMIC AND FINANCIAL SCIENCES
Dempsey and Fiona Tregenna
on two major Sector Education
and Training Authorities (Setas)
in the country.
Prof Amanda Dempsey
Prof Fiona Tregenna
The Faculty of Economic and
Financial Sciences (FEFS) at the
University of Johannesburg
is proud of the Ministerial
appointments of Profs Amanda
Prof Dempsey, the Executive
Dean of the Faculty, was
appointed by Dr Blade
Nzimande (Minister of Higher
Education) in 2011 for a fiveyear term on the Governing
Board of the Seta for the Finance,
Accounting,
Management
Consulting and Other Financial
Services sector (Fasset). Fasset
covers the following subsectors:
investment
entities
and
trusts; company secretarial
services; stockbroking and
financial markets; development
corporations;
accounting,
bookkeeping, auditing and
tax services; activities auxiliary
to financial intermediation;
business and management
consulting services; the South
African Revenue Service (SARS)
and
specific
government
departments.
Collectively,
these sub-sectors include
about 3 630 levy-paying and
non-levy paying organisations,
employing
approximately
114 500 people. The total
levy income is around R320
million. Fasset is particularly
important for the professional
development
of
finance
professionals, which has been
identified as a national priority.
Prof Dempsey also chairs the
Finance Committee (Finco)
and is a member of the
Remuneration
Committee
(Remco) of Fasset. Finco plays
an oversight role over the
financial affairs of the Seta and
Remco has oversight over the
remuneration and general
human resources strategies of
Fasset. The Board and both of
these sub-committees make
use of Prof Dempsey’s strengths
and expertise in the area of
finance. Hence she makes a
valuable contribution to Fasset
as it endeavours to address the
skills shortages in the country’s
financial sector.
Prof Tregenna, an Associate
Professor in the Department of
Economics and Econometrics,
was also appointed by Dr Blade
Nzimande in 2011 for a six-
year term on the Governing
Board of the Seta for the
Manufacturing,
Engineering
and Related Services Sector
(MerSETA). The MerSETA covers
the
following
subsectors:
metal and engineering; auto
manufacturing; motor retail
and component manufacturing;
tyre manufacturing; and plastics
industries. Collectively, these
sub-sectors include about
44 000 companies, with a
workforce of about 600 000.
The total levy income is about
R600 million. The MerSETA
is particularly important for
artisan development, which has
been identified as a national
priority.
Prof Tregenna is also a member
of the Finance and Grants
Sub-committee of the Board
which plays an oversight role
over the financial affairs of the
MerSETA, and is responsible for
grants disbursed by the Seta
(including setting the criteria for
grants). She therefore plays an
important role in the initiative to
develop skills for key industries
in the country.
19
SOUTH AFRICAN INSTITUTE OF PROFESSIONAL ACCOUNTANTS (SAIPA) HOSTS
NATIONAL ACCOUNTING OLYMPIAD GALA FUNCTION
The SAIPA National Accounting Olympiad Gala Function was held
at the Johannesburg Country Club on Friday 19 October 2012.
The aim of the Olympiad is to make the Accounting subject more
accessible to all students, and to expose the option of Professional
Accountancy as a career opportunity to aspiring young learners in
Grade 12 countrywide.
The announced winners excelled on many levels, walking away
with valuable prices which included bursaries and laptops, among
others. Prices were also provided to the teachers of the winning
schools for participating in the Accounting Olympiad.
Accountancy@UJ was a proud sponsor of posters, certificates and
other prices. Rezanne Neethling, from Helpmekaar High School
was the overall winner of the Olympiad. Want to know the secret?
… She will be studying B Accounting at the UJ Accountancy
Department next year.
20
DTI, UJ AND IEDC PARTNERSHIP TO BOOST ECONOMIC DEVELOPMENT SKILLS
The Centre for Local Economic Development (CENLED) joined
hands with the Department of Trade and Industry (dti) and the
International Economic Development Council (IEDC) based in
Washington D.C. to develop and offer a professional development
curriculum aimed at promoting skills and competencies for
persons working in local economic development practice to
become certified economic developers. The IEDC Chairperson (Mr.
Jay Moon) and the Vice-president (Mrs. Mary-Helen Cobb) visited
UJ on 22 October 2012 to celebrate the partnership.
The IEDC is a premier independent non-profit, non-partisan
membership and research organisation with 4200 members
devoted exclusively to the field of economic development, assisting
economic development professionals in creating high-quality jobs,
developing vibrant communities and improving the quality of life
across regions.
According to the founder and Director of CENLED (Dr. Marius
Venter) this partnership gives CENLED the exclusive right to offer
IEDC accredited short learning programmes in South Africa as well
as the IEDC exam specifically for South Africa. The short learning
programmes developed under the auspices of CENLED are aimed
at people who would want to take up employment in a profession
where critical perspectives on issues of economic transformation
are crucial. It is also to broaden and deepen the pool of skills in
local economic development.
First Photo
From left to right
Prof Mbudzeni Sibara - VC University of Limpopo
Prof Lorraine Greyling - Department Economics and Econometrics
Mnr Jay Moon - President International Economic Development
Council Washington DC
Mr Alfred Tau - Department of Trade and Industry
Mrs Mary-Helen Cobb - Vice President International Economic
Development Council Washington DC
Dr Marius Venter - Director Centre for Local Economic Development
Second Photo
Dr Marius Venter
Mrs Mary-Helen Cobb
Mr Douglas Cohen - Salga
Third Photo
Mnr Willie van der Schyff - Johannesburg Metropolitan Town
Council
Prof Sivan Chetty - Vice Dean Faculty of Economic and Financial
Sciences.
Fourth Photo
Dr Marius Venter
Ms Sarie van der Veen
1
2
3
4
21
The FACEroom
GET TO KNOW PROF GIDEON ELS
1)
As a child what did you want to become? “I think I always
wanted to become a teacher. I was thus very fortunate to get
a permanent post at Sacred Heart College in Observatory
after I finished my educations studies at the RAU. I was a
teacher for 11 years at SHC before I joined the Department of
Accountancy at the RAU full-time in 2001.”
2)
Why did you choose academics and not the corporate
world? “Those who can, do. Those who can’t, teach!” NO!!
Teaching is in my blood and I have been involved with this
university for 24 years. Even whilst I was a teacher I lectured
part-time in both the Faculties of Education and Economic and
Management Sciences (as it used to be called). I LOVE teaching
and lecturing … I do not think I can do anything else.”
3)
What is your favourite food? “Mmm … mango and paw-paw.
But then I will also not say no to a lekker piece of braaivleis!”
4)
Favourite holiday destination? The bush! There is nothing
more peaceful than sitting next to a fire late at night and
listening to the symphony of nature that occurs next to you.
5)
6)
Do you have any hobbies? “Yes – MUSIC. I am a church
organist and choirmaster at a parish in Benoni. Next year
I would be there for 25 years. Then I am also very involved
in assisting community choirs with concerts and I am an
“amateur” arranger and conductor! Please do not ask me to
qualify amateur.”
What have been the most memorable highlights during
the past years as the HOD of DFIM? “Just to see how our
Department has grown in size, stature and quality over the
past 5 years. It is amazing to think that when our Department
started in 2005 we had 5
academic staff members.
We are now close to 30.”
7)
Describe the valuable
lessons as HOD. “LISTEN
LISTEN LISTEN! If there is
one thing I am grateful for is
that this position has taught
me to listen. Sometimes
listening is necessary to
ensure that a fair outcome
is achieved for whatever
reason. Sometimes listening
is important by just lending
an ear to a colleague who
wishes to get something off
their chest.”
Prof Gideon Els
8) How do you see the future of the DFIM? “I think we have
not yet reached our peak. There are still so many growth
opportunities available and still so many things to do. It is just
a pity that we never have enough hands to do all of these.”
9)
Where would you like to retire? “What is retiring?”
10) What is your motto in life? “After going through a rough
patch personally in 2011 I think it must be the clichéd one
– Carpe Diem (seize the day). When I now wake up in the
morning I am grateful for another day where I can do and
laugh and work and teach and …”
ACCOUNTANCY@UJ LECTURER RUNNING THE PARIS MARATHON
Accountancy@UJ
Senior
Lecturer, Ms Liezl Grosskopf,
participated in the Paris
Marathon on 15 April 2012.
the slowest antelope, or it will starve. It doesn’t matter whether
you’re the lion or an antelope – when the sun comes up, you’d
better be running.” – African Proverb
Running 42kms … Who said Accountants are boring?
Ms Liezl Grosskopf
“Every morning in Africa, an
antelope wakes up. It knows it
must outrun the fastest lion, or
it will be killed. Every morning
in Africa, a lion wakes up. It
knows it must run faster than
“We are different, in essence, from other men. If you want to win
something, run 100 meters. If you want to experience something,
run a marathon.” – Emil Zatopek – Olympic Marathon Champion,
1952.
ECONOMICS STUDENT SERVES AS MD FOR TSHIDULLO AFRICAN DAY SPA
Pheladi Maatle Thobejane is
the owner and co-founder of
the award winning Tshidullo
African Day Spa, which was
established in December 2009.
She is currently serving as the
Managing Director of Tshidullo
African Day Spa. Pheladi’s
unique marketing strategy
has resulted in contracts with
the likes of Exclusive Books
and Shell South Africa. She
has more than four years’
experience in the health and
wellness industry. In 2008,
Pheladi Thobejane served
on the board of the NGO,
Faithful Feeders, an origination
that was aimed at providing
food,
clothing,
toiletries
and spiritual healing to the
homeless. Pheladi Thobejane
is currently completing her
final year in BCom Economics
and Econometrics, majoring in
Investment, at the University of
Johannesburg.
Ms Pheladi Thobejane
22
“PRAAT SAAM” on Radio Sonder Grense (RSG)
On 5 June 2012, Prof Derick Blaauw of the
Department of Economics & Econometrics
(UJ) took part in Lynette Francis’
Afrikaans radio programme “PRAAT
SAAM” on Radio Sonder Grense (RSG).
The programme is very popular in the
Afrikaans community and has around 2
million listeners throughout South Africa,
every day from 08:00 to 09:00. He shared
the microphone with his co-researcher,
Professor Rinie Schenck of the Department
of Social Work at the University of the
Western Cape (UWC). The programme
was in the form of a live discussion with
listeners on the broad topic of the role
of Street Waste Pickers in recycling and
the informal economy and the recycling
industry in South Africa. The complete
programme is available for downloading
at: http://www.rsg.co.za/op-die-lug.asp
socio-economic conditions of Street Waste
Pickers in South Africa’s informal economy,
which is currently being run by Prof Derick
Blaauw, Prof Schenck (UWC) and Mrs Kotie
Viljoen (Economics & Econometrics, UJ).
The research is being funded by grants to
Derick and Kotie from the URC.
The discussion attracted wide participation
and the sharing of ideas from the
listenership. These will be incorporated
where possible into the research project.
The subsequent feedback on the
programme via the radio station’s sms
line, e-mail etc. was also very positive.
Derick has received numerous phone calls
from interested listeners who wanted to
share their experiences. A journalist from
Rapport also contacted him via e-mail to
discuss the possibility of a follow-up article
on the topic.
The point of departure for the discussion
was a countrywide research project on the
FINANCE LECTURER TALKS ON CLASSIC BUSINESS,
CLASSIC FM 102.7
Prof Derick Blaauw
DESTINY MAGAZINE PROFILES SENIOR LECTURER
The Destiny magazine invited Mr Niel Oberholzer, Senior Lecturer
at the Department of Finance and Investment Management (DFIM),
for an interview to share his experiences and views as lecturer at
the Department. Niel shared a few of his personal insights and
perceptions on life, ending it with his favourite quote, “Life isn’t a
dress rehearsal: learn from yesterday about tomorrow.”
In this edition of Classic Business at 18h00, John Fraser
broadcast the business and economic news of the day followed
by up-to-date financial indicators, and the Classic Business and
News teams reported on the arrival of GAP Stores in South
Africa, and the rise of airport costs. John Fraser also conducted
in-depth interviews with the people making the news: Xolile
Mokoena, Sales Trader at Global Trader on the market news
and mining deaths in South Africa; George Glynos, Managing
Director and Economist at ETM on the quarterly employment
statistics from Statistics South Africa; Kim Strydom, Head
of Performance Surveys at Alexander Forbes on their latest
retirement funds survey; Werner de Jager, CEO of Cashbuild
on their interim results; and Michael Druce, Managing Director
of DHL Express South Africa on the benefits the toll roads will
have on the economy. In the second half of the programme at
18h30, John chaired a thirty-minute discussion on the weekly
topic, namely “Who owns Maude Street?” with guests George
Glynos, Managing Director and Economist at ETM; Mike
Brown, Managing Director at etfSA.co.za; Keith McLachlan,
Small Cap Analyst at Thebe Stockbrokers; Neil Oberholzer,
Investment Management Lecturer at the Faculty of Economic
and Financial Sciences at the University of Johannesburg;
and Solly Keetse, Directorate of Market Abuse at the Financial
Services Board.
http://www.classicfm.co.za/classic-business-and-news/
programme/previous-podcasts-20-march-2012-tuesday
Mr Niel Oberholzer - Destiny Magazine
23
Below the surFACE
ACCOUNTANCY@UJ BORG WOORDE IN AFRIKAANSE WOORDEBOEK
“As Departement Rekeningkunde doen ons graag ons deel om
Afrikaans te bevorder” sê Prof Alex van der Watt, hoof van die
departement. “Met trots bied ons ook ons grade in Afrikaans aan
en dit is daarom ‘n voorreg om op ‘n manier eienaarskap van die
twee woorde te eis”.
Vir meer inligting besoek www.wat.co.za
As deel van die “Borg ‘n Woord” projek van die WAT (Woordeboek
van die Afrikaanse Taal) het die Departement Rekeningkunde die
woorde “rekenmeester” en “rekeningkunde” geborg.
Departement
Rekeningkunde,
ACCOUNTANCY@UJ CHESS OPEN 2012 A MASSIVE SUCCESS
Universiteit
van Johannesburg
The annual Accountancy@UJ Chess Open
From early Thursday evening the venue
2012 took place over the weekend of
8 September 2012 at the University of
Johannesburg’s Auckland Park, Kingsway
Campus.
was packed with players, young and old,
strategising their every move to out-think
their opponents. Parents and spectators
also came to campus to witness this wealth
of brain power hard at work.
and is a highlight on the chess calendar.
This year’s competition consisted of three
sections, including a prestige section, open
section as well as a development section
for younger players. More than 240 players
were involved in pursuing a combined
purse of R 20 000 worth of prizes.
well in advance, we encourage these
chess players to make a well informed
decision when choosing a career. By
sponsoring this tournament we also build
a relationship with the players, parents and
family members and hope to see them
studying Accountancy@UJ in the future”
says Andre van Wyk, Marketing Manager
het bygedra tot die vaslegging van die rykdom,
kleurrykheid en verskeidenheid van Afrikaans
The competitiondeur
is organised
in
die woorde
conjunction with Gauteng West Chess
“As in chess, where every move is planned
rekenmeester
rekeningkunde
at the Department of Accountancy at the
University of Johannesburg.
The weekend was a huge success and
Accountancy@UJ would like to thank
everyone involved in making it such a
memorable event. It is also a CHESSA rated
tournament and Accountancy@UJ hopes
to stay involved and to extend it to include
even more national and even international
players in the future.
For more info on the tournament :visit
http://gwchess.co.za/?p=2165
eksklusief te borg.
DEPARTMENT’S TEAM BUILDING 2012
The Department of Commercial Accounting had a fun-filled day on the Soweto Campus (SWC), starting off with an “Amazing Race” by
following clues to the find different venues and in the process getting to know the beautiful Campus. Games were played and the day
oofredakteur
en Uitvoerende Direkteur
ended off on a high note with a prize-giving event and a tasty braai at the Sports Club on the SWC.
AT, Posbus 245, Banghoekweg 115, 7599, Stellenbosch,RSA Tel.: +27 (0) 21 8873113 Faks.: +27 (0) 21 8839492
E-pos: wat@sun.ac.za Internet: http://www.wat.co.za
Buro van die Woordeboek van die Afrikaanse Taal (WAT NWM. Reg. no. 2000/028164/08)
NPO registrasieno. 052-843
Direkteure: Prof. M. Fourie (Voorsitter), prof. R.H. Gouws (Ondervoorsitter), dr. W.F. Botha (Uitvoerende Direkteur),
dr. L.E. Combrink, prof. L.G. de Stadler, mnr. H.A.J. Lombard, prof. M. Pienaar, mnr. R.A. Stevens
24
ACCOUNTANCY@UJ CTA CLASS OF 2012 SUPPORTS ABRAHAM KRIEL CHILDREN’S HOME
The
Department
of
Accountancy
encourages its students to get involved
in community engagement. The honours
group, studying towards Chartered
Accountancy and the academic trainees
have taken up the challenge to support
various charities throughout the year.
The first charity is the Maria Kloppers
Children Home, a division of Abraham
Kriel. This Home has been in existence for
over 100 years and cares for children of all
ages. The Home cares for approximately
50 children. The children are divided into
age groups and there are house mothers
who care for 10 children each. Most of
the children are orphans, but many are in
the home as their parents cannot support
them financially. The government currently
funds 33% and the church 15% of their
annual budget. The rest is funded through
various donors and sponsors.
Over the last year, some donors have
pulled out their support and, consequently,
the home is under pressure to find new
donors. A drive was organised for Maria
Kloppers on 24 February and the students
brought clothes, tinned foods, cleaning
products, toys and stationery to the Home.
On 24 March they visited the Abraham
Kriel Children’s Home. Various toys were
collected, such as balls and a cricket set
as well as skipping ropes and Lego pieces.
The clerks and students played with the
children and handed out sweets and
chocolates during the morning. This was
followed by two more drives during the
year on 5 May and 25 August. Again, the
trainees realised how blessed they were;
these children had been through so much
and were still happy.
Nothing can replace the role that a mother
and father play in a child’s life. These little
lives need people willing to take the time
to invest in them. They are the future of this
country and all they need is for someone
to believe in them, inspire and love them.
ACCOUNTANCY@UJ SUPPORTING UJ’S SPORT
25
“When I moved to
the beautiful Soweto
Campus, the first
persons to welcome
and assist me were
Steve and his “brother”
from Security. They
are always around
when needed and
always willing to
assist. Steve surprised
me
with
these
beautiful
drawings
he did for my office
(without any formal
Art experience).”
Ms Ronel Rossouw
Another beautiful painting for Ms Ronel Rossouw (Secretary to
the Department Commercial Accounting) done by the talented
Security Guard on SWC, Steve.
ACCOUNTANCY@UJ RUNNERS ENTERED INTO TAKE 5 BUSINESS RELAY
The Department of Accountancy has entered two teams for this
year’s Take 5 Team Relay. The event took place on 23 June 2012 at
Air Force Base, Waterkloof, Centurion. One of the teams also won
the Universities section completing the 25km in 1hour 57minutes!
Congratulations to Prof Grietjie Verhoef, Ms Ilse Karsten, Ms Nicole
Back from left to right: Ms Marli Connoway,
Ms Nicole du Toit, Prof Grietjie Verhoef.
Front from left to right: Mr Dominique
Bernardino and Ms Ilse Karsten
du Toit, Ms Marli Connoway and Mr Dominique Bernardino and all
the other team members who participated.
For more info visit: http://www.sportsvendo.co.za/events.php#
Take5Relay
Who said accountants are boring?
Congratulations to Carina du Preez, Academic Clerk – Financial
Management Undergrad, who competed in the Yellow Pages SA
Senior Championships in Port Elizabeth in the ladies high jump
division – she came third on 1.70m and got a bronze medal – well
done Carina, we are proud of you!
MEN@WORK
The male staff from the Department of Commercial Accounting
came together on a cold Saturday morning to install wall mounted
heaters in all the offices. They were spoiled with boerewors rolls by
the Secretary, Ms Ronel Rossouw.
26
ACCOUNTANCY@UJ STUDENTS PARTICIPATE IN THE ‘702 WALK THE TALK’
A group of Accountancy@UJ first year Bachelors of Accounting (B Acc) students took part in the
annual 702 Walk the Talk on Sunday 22 July 2012.
B Acc to the future!!!
Accountancy@UJ students participate in the ‘702 Walk the Talk’
CARL SITHOLE CENTRE ‘ADOPTED’
The Department of Commercial Accounting’s first community project
for 2012 was launched with the identification of the Carl Sithole
Centre in Klipspruit. After a discussion with the Centre’s organiser,
Major Sophie Mhlanga, the decision was taken by the Department
to adopt all projects with the Centre for 2012. The Centre consists of:
•
•
•
•
•
Bethany Children’s Home
Bethesda House (HIV+ abandoned babies and AIDS orphans –
admission 3 – 5 years)
Bethany Combined School (Grades 1 – 8)
Carl Sithole Memorial Crèche (day care and pre-school)
Lancaster Community Centre
27
ABRAHAM KRIEL MARIA KLOPPERS CAMPUS COMMUNITY ENGAGEMENT PROJECT
The Department of Commercial Accounting, in conjunction with the UJ Community Engagement (CE) Office, delivered lots and lots of
disposable nappies to the Maria Kloppers Home for abandoned babies in Observatory. The Home is very close to our hearts, for they are
taking good care of an abandoned baby which was found earlier this year by one of the UJ Security Guards opposite the Soweto Campus
and is now in the process of being adopted by one of our Department’s colleagues.
The Department of Commercial Accounting celebrated with the traditional wedding of Mr Sipho Thomo and his wife. It was held at the
“Openheimer Towers”, Credo Mutwa Village in Soweto.
GOING LOVINGLY RED IN THE OFFICE
Minnette Vermaak, a member of the Departmental Social Committee, surprised the Department of Commercial Acccounting on Valentine’s
morning with beautiful cup cakes and we decorated our reception area and kitchen with beautiful flowers and Valentine’s cards.
28
MANDELA DAY 2012 CELEBRATIONS
The Faculty and Departments participated in the Mandela Day 2012 celebrations on 18 May 2012 at the Helen Joseph and Chris Hani
Baragwaneth hospital. The staff collected and donated toiletries, children’s books and also helping with the clean-up operations at the hospitals.
29
The Linden High School hosted a golf day at the Rand Park Golf Club on 21 August 2012 in which the Faculty participated by sponsoring golf
shirts as well as one of the school’s teams playing at the tournament.
Ms Kate Dunjane (Honours student
in Taxation) was crowned as Miss UJ
Auckland Park Campus, 2012.
WHO SAID ACCOUNTANTS ARE BORING?
The Accountancy@UJ racing team won the UJ Sport Carting day at Kyalami on Friday,
19 October 2012.
From left to right: Winning team – Mr Paul Viljoen, Mr Thabiso Madiba,
Mr Dewald Joubert and Mr Jonathan Streng
30
Fancy FACE
MORE THAN A SURVIVOR … HOW TO BE ALIVE!
You have been asked to explain to an alien the behaviour humans
adopt to stay alive on earth. What should you say? “We are all born
with special gifts and God-given talents. We are born with a heart
and the ability to love and give. But we ignore this and instead
tell each other how to find a job that we don’t truly enjoy. We do
this for the rest of our lives to receive a monthly piece of paper
with a few digits on it.” I can just imagine the dull expression on
the alien’s face.
Science has defined and described life as that time that occurs
between birth and death that we fill up with breathing, eating,
sometimes sleeping, preserving the species, and whatever else –
thoughtful or senseless – we might create. To get beyond the
state of being, to have meaning is a real art. It takes thinking and
feeling about ideas, things, and people. Actually, being alive is
deliberate and spontaneous. It’s getting all systems going while
being totally still. It can be done. I’ve actually met people who
are alive!
One of my preferred holiday getaways is the bush veld covered
in its green grass layer, clear blue skies and the magical sounds
of animals which makes it the right place to be at that precise
time. My recent escape into the bush veld made me reflect about
life. It spoke to my heart as a peaceful influence and at the same
time screaming out to be really alive! This catharsis was like an
emotional charge as if I had dunked my head in icy water together
with a million dancing particles of life celebration that sparkled
into existence at that moment. On that same day, I was in awe of
an old lady with all her crookedness entering the grocery store,
smiling radiantly and wishing friends a superb day. It was as if
she was unknowingly teaching me that each living moment was
an astonishing memory to be made.
I recently read a quote that inspired me even more. “It’s not the
load that breaks you down, it’s the way you carry it.” I believe
it’s not hard to be alive…once we remember how. In some ways,
being alive is a mystical balancing act. In order for me to take
steps in the right direction, I often adhere to a few ‘pointers’. Even
though working lungs and a beating heart are clear necessities of
living, most of us hold our breath and lose our hearts when we’re
overwhelmed. We crawl up into our heads and forget who we are.
This is my encouragement to reflect on my life’s signs and be true
to life. We start out wise, authentic, and letting the world know we
are here. That’s the part I call spirit. We know. We did then. We
always will. It’s who we are. I like to think of each day as a new
day to bring things to life. Be there and show up with all that you
are. We get back what we invest. One reward of putting all you
are into living is how other people find a living soul fascinating
and attractive. Our life expands with each person who responds
to that attraction.
When we walk back into our own life again, it’s a “wonder” – we
wonder at what took us so long, wonder at things we hadn’t
been seeing, doing, and sharing with folks we care about. The
realisation can be quite stunning and profound. For me being
alive comes down to one sentence.
Live your experiences and experience your life!
Ms Jackie Bence
Faculty of Economic and Financial Sciences
FEEL THE PULSE; LIVE EDUCATION;
UNLEASH YOUR POTENTIAL
EXCITE
FEEL THE PULSE
EXCEL
UNLEASH
YOUR
POTENTIAL
LIVE EDUCATION
EXPERIENCE
Smash the MAYBE!
Let FEFS take you from MAY to BE!
Chartered Accountant;
Accounting Technician;
Accounting Officer;
Auditor; Economist;
Econometrician; Banker;
Stock Broker; Financial
Analyst; Financial
Manager; Financial
Planner; Credit Manager;
Property Valuator;
Tax Advisor
And More
FACULTY OF ECONOMIC AND FINANCIAL SCIENCES
Auckland Park Kingsway Campus: 011 559 2492
Soweto Campus: 011 559 5080
Website: www.uj.ac.za/ecofin

FACE-Newsletter-V5-November-2012

Transcription

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